Pro Trader Latest Reports for Subscribers

Tax Data Supports Fed Continuing to Drain Money Out of the Pool

current data continues to reflect patchy growth. The top line numbers are strong, but there’s evidence of weakness in some areas. It appears that top income earners are paying a lot more taxes and skewing the totals. But they’re the investors, so these increases in income to some extent generate demand for stocks. At the same time, strong top line…

Daily Trades for November 17, 2017

The selection algo generated 46 longs and 4 shorts on Wednesday. That’s an impressive imbalance. I’m skeptical but it is what it is. There were some nice looking bullish charts. I have added 6 picks on the long side for today. There are no new shorts. Current performance metrics on open trades and trades closed yesterday are shown below the…

Daily Trades List for November 16, 2017

The selection algo generated just 4 longs and 22 shorts on Tuesday. I have made a few adjustments to stops on existing picks, but have not added any new ones. Current performance metrics on open trades and trades close on Tuesday are shown below the tables. November has been a difficult month. The SPX is virtually unchanged since October 31…

Daily Trades List for November 15, 2017

The selection algo generated just 13 longs and 26 shorts on Monday. I’ve added 2 shorts to the list. With average holding time dropping to 8 calendar days, the average net gain has slipped to 2.5%. The overall win rate is 62% of open trades and those closed on Tuesday. Shorts are up an average of 1.4%, with a 6…

Daily Trades List for November 14, 2017

With an average holding time of 9 calendar days, the average gain for all currently open trades, both long and short, is now 3.+%. The overall win rate is 64% of open trades and those closed on Monday. Shorts are up an average of 2.6% with an 80% win rate. Longs are up an average of 4.3% with a win…

Market Teeters

The SPX is now threatening to break multiple trendlines in the 2570-80 area. If it does, that could be big! Market Update Pro subscribers click here to download the report. Not yet a subscriber? Try the Market Update Pro including Daily Trades risk free for 90 days. If, within that time, you don’t find the information useful, I will give you…

Daily Trades List November 13, 2017

List performance has degraded over the past couple days, signaling greater market incoherence. It’s typically not bullish when losers like retail stocks rally violently, but nevertheless our stops have taken us out. With an average holding time of 10 calendar days, the average gain for all currently open trades, both long and short, is now 4.5%. The overall win rate…

Daily Trades List Update for November 10, 2017

Daily trades list update for November 10, 2017. New buys, sells, short sales, cover shorts, and updated stops. Market Update Pro subscribers click here to download the report. The daily trades list update is an addendum to the weekly market update published every weekend. Click here for the latest Market Update. Not yet a subscriber? Try the Market Update Pro including…

Daily Trades List for November 8, 2017

Daily trades list update for November 8, 2017. New buys, sells, short sales, cover shorts, and updated stops. The average gain for currently open trades is 5.8%. The average holding time is 11 calendar days. The overall win rate is 71% of total trades. Shorts are up an average of 5.9% (all cash) with an 86% win rate. Longs are…

Posts from Other Publishers

It’s Approaching A Record, But Not For Expansion

Home construction activity bounced back in October from several months of appreciable weakness. It may have been hurricane related where plans and projects delayed by the path of Harvey and Irma were finally cleared to resume. More likely, in my view, it was just the normal variation that the construction figures always have exhibited. Total…

Huge Crude Stakes

There is a titanic struggle going on right now in the oil market. On the one side of the futures market are the usual pace setters, the money managers. Last week, the latest COT data available, they went the most net long since March. If it continues, it will close in on the most positive…

Industrial Production Still Reflating

Industrial Production benefited from a hurricane rebound in October 2017, rising 2.9% above October 2016. That is the highest growth rate in nearly three years going back to January 2015. With IP lagging behind the rest of the manufacturing turnaround, this may be the best growth rate the sector will experience. Production overall was still…

Why I Don’t Care About Jerome Powell, and Why You Shouldn’t Either

The other day reader Mike M asked in our comments section:

Hi Lee -What do you think of this Powell fellow as Fed Chair? It appears from an article I read that he is fond of the TBTF bailout.

Mike, you are not the only one to ask me this question. In fact, people right here at Money Map Press have been asking me. No doubt, the entire world wants to know.  CNBC talking heads talk about it. The Wall Street Journal and Bloomberg and Reuters have probably written great tomes about it.

Click here to continue.

The post Why I Don’t Care About Jerome Powell, and Why You Shouldn’t Either appeared first on Lee Adler’s Sure Money.

Can’t Hide From The CPI

On the vital matter of missing symmetry, consumer price indices across the world keep suggesting there remains none. Recoveries were called “V” shaped for a reason. Any economy knocked down would be as intense in getting back up, normal cyclical forces creating momentum for that to (only) happen. In the context of the past three…