Uncertainty On Wall Street - Most In At Least 20 Years
Big Rally On Trade News Stocks rallied sharply on Thursday as they got close to the high end of their recent range. The S&P 500 was up 1.3%. It’s now only down 1.65% from its record high in July. We’ve had a nice combination of positive news on trade, the Hong Kong protests, and Brexit.…
Vehicle Sales Increase, But So Do Job Cuts
High Job Cuts Again There have been a few Challenger Job Cut reports this year that have caused investors to worry about the labor market. Most were early in the year. The August reading was another worrisome signal although it wasn’t as bad as the big spikes this winter. Specifically, job cuts increased from 38,845…
True Breakout or Bull Trap?
We finally got the range breakout we've been expecting from the 100 point /ES range... but is this the real thing or just a one-day bull trap? In tonight's video, Corey addresses this question with current charts and scans to help answer this question but it will ultimately come down to the Jobs Report Friday…
Geopolitical Action Helps Stocks For A Change
Range Maintained The S&P 500’s range was maintained on Wednesday as it reversed the losses from Tuesday. The choppy action got choppier. You can see in the chart below how the market has moved nowhere ever since its decline in early August. This is an example of a sideways correction. You can debate that everything…
Q3 GDP Growth Just 1.5%
No Impact From Tariffs On Consumer Spending Yet Unless the boost in consumer spending growth in the last 2 weeks of August is related to pre-buying before the tariffs go into effect, the consumer is ignoring the tariffs and spending money normally. Specifically, the Redbook yearly same store sales growth reading in the week of…
Are Bonds a Massive Bubble?
Stocks explode higher on positive news today. However, the real question for the stock market is what will happen to bonds. Will bonds continue to explode higher sending yields negative or will the bond bubble burst? Watch this video newsletter now for a trade you can take to potential profit regardless of direction.
Utilities Hit Another Record High
Weak PMIs and Trade War Send Stocks Lower The stock market started what is the worst month on average (September) with a loss as the S&P 500 fell 0.69% on Tuesday. The Nasdaq fell 1.11% and the Russell 2000 fell 1.51%. The VIX was up 0.68 to 19.66 as the market is still technically in…
ISM Manufacturing PMI Falls Into Contractionary Territory
Weak ISM Manufacturing Report Many investors were too pessimistic about the July ISM manufacturing PMI and slightly too optimistic about the August report. It’s possible that this ISM PMI is slightly too negative, but that misses the point. Manufacturing sector is in a slowdown and possibly a recession. This report gives us confirmation of what…
Has the "Risk-Off" Trade Gone Too Far Too Fast?
Treasuries, Gold, and Utility Stocks all made new 52-week highs today as investors continued to rush into the "Risk-OFF" defensive trade strategy. But has this trade run its course too quickly? Corey discusses what happened today, what the current accelerated trends are, and what levels are important for your trading decisions right now and through…
Second Down Month Of 2019 for Stocks
Market Ends Great Weak & Subpar Month The stock market ended up marginally on Friday which closed an amazing week and the 2nd down month of the year. The S&P 500 was up 6 basis points on Friday and 2.79% on the week. The trading session was interesting much like it was this month. The S&P…
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