Will the Market Bounce Through December?
In tonight's video, Corey highlights the pathway and probabilities for a bounce for the final weeks of December and the key levels from which it can happen. What are the targets and what is the plan for a bounce and for an alternate thesis breakdown? It's in tonight's video.
Small Business Optimism Falls
Small Business Confidence Falters Volatility in the stock market combined with the political bias in the survey caused the NFIB small business optimism index to fall from 107.4 to 104.8. You can see this in the chart below. This report missed estimates for 107 and the low end of the consensus range which was 105.5.…
Dollar Index Might Be Near Its Peak
Dollar Index - Stocks Finally Rally Wednesday The S&P 500 opened up big, but gave back some of its gains in the afternoon. It closed up 0.54%. From the peak of the day to the close, it fell 1.26%. This market wants to rally. But there is so much uncertainty about the trade war with…
Soft Rallies and Wild Ranges Lead to These Trades
This has been a traders dream market with two way price action. In this newsletter update we look at the trades we have closed out recently for a profit and why it makes sense to step right back in those same trades...
Stocks Vacillate Sharply, But Stay Above The February Low
Stocks Vacillate - Very Volatile Tuesday Volatile swings continued Tuesday as the S&P 500 opened up big. Then it gave back all the gains and fell. Next it rallied a bit more, and finally closed down 0.04%. At the morning peak, the S&P 500 was up 1.3%. From the morning peak to the afternoon trough, the…
Consumer Discretionary Stocks Signal A Recession Isn’t Coming
Consumer Discretionary Stocks Tell the Future The relative performance of consumer discretionary sector gives us an indicator where the economy is headed. As you can see from the chart below, the consumer discretionary sector has outperformed the S&P 500 as of September 30th. That suggests a recession isn’t coming soon. The chart shows relative outperformance…
XLF Hits 52 Week Low - Market Next?
Many leading financial companies such as JP Morgan, Goldman Sachs, and Bank of America plunged to new 52 week lows recently. What does it mean and is there a fade trade (bounce) setting up here? Corey discusses this and the updated levels in the XLF in tonight's video.
Stocks Are The Cheapest Since The Beginning Of 2016
Stocks - Another Day With Wild Swings Wild swings in the stock market where big losses turn into gains aren’t necessarily positive. They signal the heightened volatility environment is continuing rather than that stocks are ready to rally. Monday was another day with big swings as the S&P 500 fell 1.83% in the morning before…
Full Employment To Be Reached In 2020
Full Employment - Labor Market Filling Up Don’t use the stock market’s reaction on Friday as a litmus test for the strength of the November labor report because the market has been very volatile. Job creation was a slightly disappointing. It might indicate the labor market is near full employment. Overall labor force participation rate…
A Lack of Volatility?
If you were watching today's market action you may have gotten whiplash. One surprise in this market is the lack of volatility specifically in the VIX and VVIX. What does this mean for the market and how can you take advantage of it? Watch this video newsletter update to find out...
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