Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.…
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Has the Market Run Up Too Quickly?
On Monday, we talked about the momentum in the Transportation (IYT) and Semiconductors (SMH) sectors, which showed strength when compared…
Continue ReadingThe Roaring 20s
Nest is cool, but central air changed the world. Electric vehicles are cool, but cars changed the world. Streaming is…
Continue ReadingSF Fed: Weather Increased March Employment by About 100 Thousand
Every month, the San Francisco Fed estimates Weather-Adjusted Change in Total Nonfarm Employment (monthly change, seasonally adjusted). They use local…
Continue ReadingApril 6th COVID-19 Vaccinations, New Cases, Hospitalizations
Note: I’ve been posting this data daily for over a year. I’ll stop once all three of these criteria are…
Continue ReadingOver 90% of “The Market” is in an Uptrend
Every first Tuesday of the month, I look at Asset Classes and Sectors’ developments using monthly charts. This start-of-the-month routine…
Continue ReadingLas Vegas Real Estate in March: Sales up 36% YoY, Inventory down 68% YoY
This report is for closed sales in March; sales are counted at the close of escrow, so the contracts for…
Continue ReadingMillionaire Mentor Update: Realized vs. Unrealized Gains
Serious traders understand the difference between realized and unrealized gains. Sadly, a lot of newbies follow promoters who say, “Don’t…
Continue ReadingFilter Out Market Noise with Heiken Ashi Candles
Heiken Ashi candles were designed to filter out market noise and more easily identify market trends. Developed in the 1700s…
Continue ReadingBLS: Job Openings Increased to 7.4 Million in February
From the BLS: Job Openings and Labor Turnover Summary The number of job openings edged up to 7.4 million on…
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