Watch This Strong Sector!
In tonight's video we chart some of the strongest uptrending stocks in the XRT retail sector and note current and future price levels and opportunities on any pullbacks from current highs...
The Nasdaq Has Its Best August Since 2000
Nasdaq - Mixed Friday Market Nasdaq - The stock market was mixed on Friday as the Dow was down 9 basis points, the S&P 500 was up one basis point. The Nasdaq was up 0.26%, and the Russell 2000 was up 0.48%. VIX was down 4.95%. As you would expect with that type of action, the…
These Traders Control The Markets
In this crucial weekend video newsletter update we focus on the type of traders who are in control of this market. How they are in control and why they're doing it. Plus you don't want to miss where the opportunity is now...
Argentinian Peso Falls 45% Versus The Dollar This Year
Argentinian Peso - Argentina May Default Argentinian Peso - Emerging market stocks and currencies plummeted further even with the decline in the dollar. The MSCI emerging market equity ETF fell 2.66% on Thursday. One of the catalysts for the decline was the chaos in Argentina as its central bank hiked rates to 60%. The country’s…
Core PCE Inflation Increases To 2%
Core PCE Inflation - Personal Income Meets Estimates Core PCE Inflation - The July Personal Income and Outlays report was released on Thursday. This is the most important report I follow because it tells us about income growth, inflation, and consumer spending. The Fed follows core PCE inflation the closest which means if it accelerates,…
This Is Where The Stock Market Stands
In tonight's video we note where we are in the stock market, main sectors, and key commodity markets and what to watch as we start September. We're still planning for a small pullback against the new equity market highs and note key things to watch in this non-stop bull equity swing and we take a…
Equities - Another Record High
Equities - Stocks Ramp Further Equities - This has been an amazing summer for stocks. The party kept going on Wednesday. The S&P 500 was up 0.57% and the Nasdaq was up 0.99%. Amazon stock was up 3.4% which gives it a market cap of $932 billion. Amazon announced it will be unveiling a free…
Q2 GDP Growth Comes In At 4.2%
Q2 GDP Growth - Revised Higher Q2 GDP Growth - Even though Q2 is long gone, we need to review the Q2 GDP revision because the data is now much more accurate. If you only look at the advanced reports, you’ll be missing out on what actually happened. I expected GDP growth to be revised…
Markets Smash Expected Moves Providing these Trade Setup
Stocks breach the weekly expected move on the back of tech sector. Find out the types of trade set ups you may want to consider for the rest of the week...
Stocks Overbought
Stocks Overbought - Increase Slightly Stocks overbought - the S&P 500 was up 3 basis points after giving back some of its early gains on Tuesday. The other indexes were also slightly positive. As you can see from the chart below, the S&P 500’s 14 day relative strength index is at 69.49 which puts it…
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