SPY surpassed my 1/6/23 target of 410 and is now running into overhead supply from last year. With lots of momentum and liquidity, SPY should have a new trading range between 390 and 431. Stay flexible moving money from extended stocks to names just breaking out.
Corporate earnings are now contracting, a trend that could continue throughout 2023. Profit margins are eroding and have now declined from 13.7% to 12.0%. https://t.co/Q2k0D5GJ1D
US mortgage rates have fallen almost a percentage point since November, to 6.02%: Freddie Mac data https://t.co/unwcqOtlxc
Today's mood. $SPY https://t.co/JGE8NYG3YF
2023 is going to be extraordinary, retweet if you agree and let’s make this THE BEST YEAR EVER!
Think like a samurai and get obsessed with refining your craft...not just stock trading, I'm talking about whatever you love most in life. And the best part about dedicating so much time to something you truly love, it won't feel like work AND you'll reap the rewards over time!
For a day when the S&P 500 is up over 1.5%, breadth is pretty weak with just 363 advancing issues.
"AI is going to enable the most massive productivity increase in our history," says $ARKK's Cathie Wood. https://t.co/6496dGCFom
This was THE moment @TraderBryce realized he had hit $1 million in trading profits due to $GNS & $GTII & I was SO PUMPED to be there with him & during an all-day https://t.co/occ8wKmlgm webinar too! Now I’m planning a proper 7-figure celebration…can you guess what we’re doing? https://t.co/JPsHsFUPly
Why are stocks rallying? It may be less about Powell and more about earnings season. Surprisingly, more companies have now raised guidance than lowered guidance so far this season -- not what investors were expecting... https://t.co/H4p1RcpfIn https://t.co/ShA2k2WTmf
If you invested $1,000 in $META when Jim Cramer cried & apologized... You'd have $1,775.44 today https://t.co/FFlqupjPnI
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