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Markets rally on CPI data, but remain range bound
over 1 year ago by noreply@blogger.com (Declan Fallon) @ Fallond Picks

Today's gains reversed what was looking like a new leg lower, and the degree of today's advance was no doubt supported by short covering coming off yesterday's preferred strategy.  I wouldn't read too much into the CPI data - news is used to fit the narrative - and many of the indices are still locked inside trading ranges which could go either way. The S&P managed to make its way past the most recent swing high as it looks to push towards its 200-day MA. Technicals are improving, although On-Balance-Volume retains its 'sell' signal. If this buying is real, the S&P should be the index to benefit.<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu_7WdTZDKV_J0rDmeXIlUId27gjLZLl40KhnO5uPNw7Oy70D6ET27LHJiXeD9pPhTtvnAPwQqKkhI_S8O8jW8DNEg_ABWKthWeJ6_K5kwH7tEqBQRTkaqCKHGV6kG8YrqXSdludXyhXNWY2JTbxgOUDUh5OCQc3fxAHualZD9hS1hkzRruw/s800/SPX_Nov10b.png" imageanchor="1" style="margin-left: 1em; margi...

Realtor.com Reports Weekly Active Inventory Up 42% Year-over-year; New Listings Down 20%
over 1 year ago by Calculated Risk @ Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Nov 5, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, increasing 42% above one year ago. Inventory accelerated by a more modest amount this week, but it was still the fourth consecutive week of roughly 2+% inventory gains after a fair amount of stability since July. Inventory growth even in the face of fewer newly listed homes indicates how many buyers have retreated from the housing market rather than navigate higher costs stemming from higher purchase prices and higher mortgage rates....• New listings–a measure of sellers...

Value Stocks Follow Rates Higher
over 1 year ago by Ian Culley @ All Star Charts

From the Desk of Ian Culley @Ianculley It’s been a lonely rise for interest rates. The stocks and commodities that tend to accompany rising yields haven’t kept pace since early spring. Rates across the curve have accelerated higher, leaving these risk assets in the dust.  But the seasons have changed – and the dust has […] The post Value Stocks Follow Rates Higher appeared first on All Star Charts.

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Creating My Own Luck
over 1 year ago by Sean McLaughlin @ All Star Charts

There’s a profound mental shift that happens when you flip from being in positions where bad luck could damage or ruin your trading account, to being in a position where the unexpected might actually make you a ton of money! For options traders, an excellent example of these two positions is a short straddle vs. […] The post Creating My Own Luck appeared first on All Star Charts.

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Swing Trader Pro: Afternoon Briefing (11-10-2022)
over 1 year ago by David @ All Star Charts

From the Desk of Kimmy Sokoloff What a day. The S&P 500 and the Nasdaq Composite were both up more than 5%. The market liked the October CPI data and also what Fed speakers had to say. Here are today’s trades: I bought $ROKU at 53.37 and sold at 54. I shorted $CAT at 230.68 […] The post Swing Trader Pro: Afternoon Briefing (11-10-2022) appeared first on All Star Charts.

Multiple Time Frame Method | Joe Rabil | Stock Talk (11.10.22)
over 1 year ago by StockCharts @ StockCharts.com YouTube Channel

Joe Rabil of Rabil Stock Research shows when he would use an extra timeframe in his analysis. Usually, he discusses a 2-timeframe method which works in most cases.  However, for someone who wants to be more aggressive, Joe shows how to use 3-timeframes.  He then covers the stock requests that came through this week.  Send your stock requests to stocktalk@stockcharts.com. 00:00 Intro 02:03 Trading Lesson - Multiple Time Frame Strategy 09:54 S&P 500 ($SPX) 12:38 US Dollar Index (UUP), Energy Sector (XLE), 17:11 Amphenol Corp (APH), Elevance Health (ELV), Archer Daniels Midland (ADM) 20:35 Ethan Allen Interiors (ETD), Occidental Petroleum (OXY), APA Corp. (APA) 23:37 Penn National Gaming (PENN), Abbie (ABBV), Caterpillar (CAT) Connect with Joe: https://rabilstockresearch.com Email joe@rabilstockresearch.com https://www.linkedin.com/in/rabilstockresearch/ Symbol Requests Email stocktalk@stockcharts.com ––––– Enjoy this video? Subscribe to StockCharts on YouTube to watch more great c...

Volatility Spike Ahead? | Jeffrey Huge, CMT | Your Daily Five (11.10.22)
over 1 year ago by StockCharts @ StockCharts.com YouTube Channel

On today's YD5, we explore the possibility that the VIX is setting-up for a potential epic surge in volatility. Our Long-Term Elliott wave count in the S&P 500 index remains bearish and suggests that the markets may be at the precipice of a "third-of-a-third" wave decline. 00:00 Intro 01:49 Montgomery Cycle Review 05:29 Volatility Spike Ahead? 06:55 Another VIXX Divergence 08:25 Brobdingnagian Base In VIX 09:50 Long Term Elliott Wave Count Connect With Jeffrey Website: www.jwhinvestment.comhttps://twitter.com/Alpha_Insights Trade Exchange: ALPHA INSIGHTS LinkedIn: Jeffrey W. Huge, CMTE-mail: jhuge@jwhinvestment.com ––––– Enjoy this video? Subscribe to StockCharts on YouTube to watch more great content from top financial experts, with new content posted daily: https://tinyurl.com/wvet7qj See what better financial charting can do for you! Start your FREE 1-month trial today at https://stockcharts.com FOLLOW US Twitter: @StockCharts : https://tinyurl.com/tt7429e @StockChartsTV ...

How Should You Choose Your Asset Allocation?
over 1 year ago by Ben Carlson @ A Wealth of Common Sense

Asset allocation selection is an art, not a science....

Housing and Inflation
over 1 year ago by Calculated Risk @ Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Housing and InflationA brief excerpt: A few key points:• The Fed has been raising rates to slow inflation. Since housing is a key transmission mechanism for Fed policy, the housing market has slowed dramatically as the Fed raised rates (and mortgage rates increased).• The CPI report this morning contained some good news on inflation.• The BLS reported “The index for shelter contributed over half of the monthly all items increase”.• The BLS measure for shelter is seriously lagged and is likely behind the curve on the sharp slowdown in rents....<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwvCSbv0i7_8DbgHhWD0EkFlfpaGS8Kynk-odl7U2wc5PejFql0aQbsbCF3876uSjaaa6GdUGYkCMPQY8GObLM_SAN838tCXdVmP4xXOI6-G3_dT7XHQ_zB1Pf9Vtu6YxfIn3fWxvcS_tmIvU4g-JEypj7KvLJ-Dtx_xghSZ...

Thursday links: investment and entertainment
over 1 year ago by abnormalreturns @ Abnormal Returns

[Video] BNN Bloomberg: The only thing we can trust is the price of assets
over 1 year ago by JC @ All Star Charts

In early October I was invited on to BNN Bloomberg where I was very clear in saying just how AGGRESSIVELY we wanted to be buying stocks. See here: Buying Stocks & Fading Dollars (10-4-22) That worked out well for us, and anyone else who was smart enough to follow along. On Wednesday of this week […] The post [Video] BNN Bloomberg: The only thing we can trust is the price of assets appeared first on All Star Charts.

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October CPI: Inflation Is Moving in the Right Direction
over 1 year ago by IBKR Traders’ Insight

In good news for consumers and the Federal Reserve’s aggressive inflation war, consumer price increases, while still high, were cooler than expected in October. The post October CPI: Inflation Is Moving in the Right Direction appeared first on Traders' Insight.

Respect the Levels
over 1 year ago by Louis Sykes @ All Star Charts

Guys, this is Technical Analysis 101. You don’t buy an asset that’s just broken a level of support. If you do, you’re only asking for trouble. As technicians, we keep things simple, and we tell it like it is. We’re not afraid to call something a piece of shit if that’s what the data tells […] The post Respect the Levels appeared first on All Star Charts.

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Why Bitcoin, Ethereum And Dogecoin Suddenly Exploded Higher Today?
over 1 year ago by IBKR Traders’ Insight

Several cryptocurrencies are trading higher in sympathy with major U.S. indices following key U.S. economic data, which showed a slowdown in inflation and a rise in jobless claims. The post Why Bitcoin, Ethereum And Dogecoin Suddenly Exploded Higher Today? appeared first on Traders' Insight.

China Could Spoil the Fed Pivot Party
over 1 year ago by IBKR Traders’ Insight

Real Vision’s Jamie McDonald looks at the recent jump in commodity prices and discuss what it means for the Fed if the rumors coming from China are true. The post China Could Spoil the Fed Pivot Party appeared first on Traders' Insight.

MBA: "Mortgage Delinquencies Decrease to New Survey Low in the Third Quarter of 2022"
over 1 year ago by Calculated Risk @ Calculated Risk

From the MBA: Mortgage Delinquencies Decrease to New Survey Low in the Third Quarter of 2022The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.45 percent of all loans outstanding at the end of the third quarter of 2022, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.For the purposes of the survey, MBA asks servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage. The delinquency rate was down 19 basis points from the second quarter of 2022 and down 143 basis points from one year ago.“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979 ...

Hopefully We Have Lift-Off
over 1 year ago by IBKR Traders’ Insight

Drones have historically been associated either with military warfare or keen hobbyists. However, the number of practical use cases for commercial drone deployment is growing significantly. The post Hopefully We Have Lift-Off appeared first on Traders' Insight.

Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.4% in October
over 1 year ago by Calculated Risk @ Calculated Risk

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.5% in October. The 16% trimmed-mean Consumer Price Index increased 0.4% in October. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".<img alt="Inflation Measures" border="0" src="https://blogger.googleusercontent.com/img/...