Stocks Soar While Services PMI Weakens

Stocks Soar - Big Caps Rally, While Small Caps Sell Off Stocks soar - The past few weeks in the stock market have been much like 2017 as there hasn’t been much volatility. The VIX is now down to 11.64 and the S&P 500 is closing in on its January record. The S&P 500 was…

Apple Hits $1 Trillion; Tesla Stock Rallies 16.2%

Apple Hits $1 Trillion Apple hitting a $1 trillion market cap could boost consumer sentiment on the stock market. AAPL is larger than 3 entire sectors. The utilities have a market cap of $700 billion. The materials and telecom sectors have market caps of $653 billion and $492 billion respectively. The chart below shows the…

Tech Gets Boost From AAPL So What's Next?

After a giant market rally in part thanks to Apple (AAPL) earnings and reaction, we update our support plays off key price levels in leading stocks including Google, Amazon, Microsoft, Intel and more for current and future trades.

Fed Maintains Rates, Says The Economy Is Strong

Fed Decides To Maintain Rates Fed - In a widely expected move, the Fed decided to keep rates steady. They are currently in the range between 1.75% and 2%. The statement was short again as Powell wants to use press conferences to explain policy instead of explaining every detail in the FOMC statement. Since it…

Union & Private Sector Workers See Accelerated Compensation Growth

Union & Private Sector Workers - Income & Spending Growth Union & Private Sector Workers - Income and spending growth is also included in the PCE report. It implies continued steady economic growth as the personal income growth was 0.4% month over month. This met estimates and was the same as last month. Real personal…

XLF Hits Resistance Here's The Next Trade

In tonight's video we begin with our XLF price targets hit and then discuss the next trades from today's target. We also highlight leading stocks including JPM, C, WFC, GS, MS and more...and what a breakout or another planned fade from this level may mean for the broader market.

Apple Grows EPS By 40%

Apple Grows EPS - Stocks Were Up, Ending Their Best Month Since January Apple Grows EPS - The end of the month can be a curious time because there is occasional window dressing where fund managers try to make their portfolio look good for their investors. The action on Tuesday was fairly normal. July ended up being…

Inflation Misses Estimates

Inflation Misses Estimates - Core PCE Below 2% Target Inflation Misses Estimates - The all important June PCE report, which is chock full of useful economic data, was released Tuesday. In this article, I will look at the inflation section of the report. It is the most important part since the Fed is deciding whether…

Apple Beats But Is It Enough To Save The Nasdaq?

The monsters of tech waited for AAPL earnings and they were not disappointed. A stronger than expected earnings results has AAPL higher after hours, but within the expected move. Watch this video newsletter update for a sense of how the overall market is doing and what kind of trades you may want to pull the…

Tech Stocks Swoon, Led By FANG

Tech Stocks Swoon - Tech Leads Market Lower Tech Stocks Swoon - The stock market sold off on Monday like I expected because it reached overbought territory on Thursday. The S&P 500 was down 0.58%. The part of the selloff I was surprised by the was the big decline in the tech stocks as the Nasdaq…