Webinar Replay – Pre-Market Rundown (May 1, 2020)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

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Weekly Update

#1 Indicator

Reviews

  • April – Another Historic Month (Jumped The Shark)

    • Trifecta – Treatment Drug, Fed Stimulus, Grand Re-Opening
    • Small-Caps Have Best Month in History
    • Earnings – Better Than Feared…
      • BUT – Only Partial Period of Lockdown
    • Markets Running on Every Story
  • SPY 61.8% Retracement Line In Play (FWIW)
  • States Starting Re-Opening Plans (Georgia Test Kitchen)
  • Economic

    • Initial Claims – 3.6M (30+ Million Total Jobs Lost)
    • Priced In?
  • Negative Crude AGAIN?
    • June Contract at Risk
    • USO and OIH – BROKEN
  • Re-balancing Programs May Work Against Markets This Coming Week
  • Worst to Best
    • Biggest hit companies in leisure and travel benefited end of month
  • Economics
    • Consumer Confidence Falls, Fed All–In (No Change), Personal Spending Drops off a Cliff, Deflation
  • Next Week:
    • Factory Orders, Productivity (Q1), Initial Claims, Non-Farm Payrolls, Unemployment Rate

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Movers

  • Stocks to Watch: AAPL, MSFT, TSLA, COOP, NCLH, QQQ, IWM, DAL, LUV, XLF

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