Retail sales came in much higher than expected, showing a 3.8% increase versus the consensus of 2.1%.
Remember, retail sales make up two-thirds of the U.S. economy, so this number bodes well for the market, especially the Consumer Discretionary sector.
Consumer Discretionary is once again approaching its 200-day moving average… And if it can break above that level, it should continue to rally.
Wednesday’s retail sales data doesn’t account for inflation, however, so a higher number doesn’t necessarily mean more actual profits.
In this stock market recap video, you'll also get an update on retail sales and inflationary pressure… a review of the bond market and current trends… plus a long trade and a short trade setup, both complete with options!
Let’s take a look at private spaceflight company Virgin Galactic after it opened its ticket window.
If you have $450,000 and want to fly higher than anyone who wasn’t an astronaut, then Virgin Galactic has some good news for you!
Billionaire Richard Branson’s fledgling space tourism company officially opened reservations to the public for a ticket on one of its ships for a small $150,000-per-seat booking fee.
Of course, this wasn’t the only options play institutional buyers hope will go through the mesosphere. I have four more out-of-this-world trades waiting inside…
“This is the best I have ever seen. Answers that I have been seeking for over 30 Years!”
Marvin C.
The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD, called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell — or short — the security when the MACD crosses below the signal line.
Give us a follow and join the conversation on our official social media channels! Just this week, Jeff Z discussed whether or not inflation is going away anytime soon.
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "1 Long, 1 Short Trade as Market Reacts to Strong Retail Sales Data"
Post a Comment