Tech Swing Targets Achieved! What's the Next Play?
Leading technology companies such as Apple, GOOGL, Netflix, and Amazon achieved short-term bounce-profit targets for swing traders on the daily chart. What's next as price trades into these specific daily chart target levels? Corey highlights key developments in tonight's video
Powell Statement - Stocks Misinterpret
Powell Statement - Huge Rally On Powell’s Speech Powell’s speech followed along with what the vice chair stated earlier in the week. It wasn’t a policy change. But the stock market accepted it as a dovish turn. Predicting how markets react to Fed statements is tough. If I would have had the speech a few…
Same Store Retail Sales Growth - Best In 12 Years
Same Store Retail - Department Store Black Friday Shopping Bears will claim Black Friday holiday shopping was weak because traffic to stores fell, while bulls will point to great online sales growth. Personally, I think it was a great holiday shopping season. Online sales growth had been sagging a bit recently. However, Black Friday is…
How to Sell Premium in this Market
Stocks explode higher after Fed Chairman Jerome Powell makes dovish comments. However, in this video newsletter update we focus on selling premium. Find out the right set of circumstances that make premium selling viable in the current market and a trade idea we took today based on this analysis...
Markets Await Trump’s Summit With Xi
Markets - Another Rebound, But Only For Big Caps The S&P 500 managed to close positive after spending some of the day negative. It would have been psychologically tough for the bulls to withstand a decline after the big rally on Friday which occurred. Stocks were extremely oversold. With this 0.33% increase in the S&P…
Trade Growth Projected To Slow To 3.7% in 2019
Trade Growth - Decent November PMI Flash, But Growth Is Weakening Every economic report should be reviewed with the understanding that economic growth is slowing. Good reports are either outliers or possible green shoots for a re-acceleration of GDP growth. The October Markit PMI flash reading was solid even though other reports such as durable…
The Key Levels to Trade Right Now
We're into a critical price level and what happens here determines whether or not we'll trade bullishly or bearishly for the rest of the week. In tonight's video, Corey walks you through the reasons why 2,680 is our key short-term planning level in the /ES and then what two targets we'll be targeting for the…
Stocks Rally Despite GM Layoff Announcement
Stocks Rally - Big Monday Rally There are often big rallies within corrections and bear markets. Monday was an example of this as tech led the market higher. S&P 500 was up 1.55%, Nasdaq was up 2.06%, and Russell 2000 was up 1.16%. This was an oversold rally as the CNN fear and greed index…
Durable Goods Report Signals American Economy Officially In Slowdown?
Durable Goods Report - Orders Driven Down By Defense & Aircrafts The October durable goods report was weak. This signals hard economic data is supportive of the recent correction in stocks. The headline matches the takeaway from this report. But the underlying results need to be examined. That one time crash in defense orders isn’t…
Here’s Why The Rally Builds in More Risk
Stocks explode higher today as is expected in the midst of volatility. The buying is on much lighter volume than we saw last week. Here are the stocks and ETFs you'll want to watch for opportunities this week...
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