ISM PMI - Best Reading Since 1998
ISM PMI - Best Reading Since 1998 The non-manufacturing PMI was 61.6 which surpassed the consensus of 58. Out of 65 economists making predictions, the highest estimate was 59.6. This was a 5 standard deviation beat. It was much better than the prior PMI which was 58.5. As you can see below, this was the…
Today's Volatility Brings These Opportunities
Significant chart events occurred on the intermarket landscape today, notably Crude Oil's breakthrough of resistance and strong uptrend at the same time the US Dollar broke through resistance while US Treasuries shattered their floor of support. In tonight's video, Corey walks you through these developments along with chart updates on the US Stock Market and…
4.1% GDP Growth Expected Because Of Inventory Investment
4.1% GDP Growth Expected The Atlanta Fed Nowcast expects 4.1% Q3 GDP growth which is up from 3.6%. The government construction spending growth caused the Atlanta Fed Q3 estimate for real government spending growth to increase from 1% to 1.7%. The estimate for real personal consumption expenditures increased from 3.5% to 3.7% because of the…
Amazon Raises Its Minimum Wage To $15 Per Hour
Amazon Raises Its Minimum Wage To $15 Retail stocks fell because Amazon announced it will raise its minimum wage to $15 per hour. Amazon stock fell 1.65% and Gap stock fell 4.91%. The minimum wage is starting on November 1st. It will affect 250,000 of Amazon’s current employees which is 40% of its global workforce.…
Dow Levels and Key Stocks to Watch Now
In tonight's video, Corey walks you through the Dow Jones daily chart, paying specific note to the trend, levels, and short-term ideas, and then highlights which stocks are key for the Dow (like AAPL, BA, GS, and others). Update your levels and trendlines as we begin Q4 for these leading stocks.
Trade Deal - Canada and America Agree
Trade Deal - U.S. Makes A Trade Deal With Canada Last Friday, it looked unlikely that America and Canada would reach the September 30th deadline to make a trade deal. But it happened on Sunday night. The action on Monday makes perfect sense as the Dow increased 0.73% and the Russell 2000 fell 1.39%. America…
Global Manufacturing Hits A 22 Month Low
Global Manufacturing - Markit PMI Matches Highest Estimate The Markit global manufacturing PMI beat estimates and increased from August. The ISM PMI did the reverse. Prior to this set of reports, the ISM reports have been wildly optimistic. But the Markit ones have shown weakness. Let’s review the Markit report first. The September flash Markit…
Higher Rates Rock the Russell – What’s Next?
As interest rates march higher interest rate sensitive small cap stocks are taking the biggest hit. Take a look at some of the winning trades today returning 100%, 150%, and over 200%. Here are the biggest opportunities in the market for the rest of the week...
Healthcare Sector Increases 14.1% In Q3
Healthcare Sector - Without GE Dow Increases 9.3% Healthcare was the best sector in Q3 as it increased 14.1%. That was its best quarter since Q3 2013. The next two best sectors were the industrials and tech which were up 9.7% and 8.5%. While tech has changed its makeup, Apple remains in the sector. Apple…
The Real Truth Behind Stock Buybacks
Time to separate fact from fiction when it comes to stock buy backs. With over $1 trillion in stock buy backs this year, the most since 2007, many traders don't know the crucial buyback rules. Find out the real truth in buybacks and the incredible trading opportunities that exist right now... If you want to…
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