CLICK HERE TO SEE THE STOCKTIPS RECORD

WE’RE ON YOUTUBE NOW! See HERE, HERE, & HERE (Yeah … I’m REALLY excited about this).

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red on the Earnings Calendar Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

StockTips is NOW on Odyssey. It’s like discord but better in my opinion

TODAY’s OBSERVATIONS: We have the 4th of July Weekend coming up & plethora of market moving data. I for one hope this rally continues (to short it later), however there is plenty that can rain on the bull parade. Nevertheless, the most critical data will not be here until 7/06 & 7/13 (Both on Wednesday’s) where we will get to see the FOMC Minutes & June Inflation Data. Of course there is plenty in-between, but nothing will affect markets, in my opinion, more than those two.

Now, I hope you’re rested after the weekend & with a clear mind. You may even feel quite nice. Perhaps your sentiment on markets has improved with a little rest? It happens. Futures are indeed up. But please, read me now … save your money, look after your loved ones, & understand that this market (regardless as to temporary sentiment), is likely going much lower. Gas is still high, people are still getting gouged by inflation, & I’m willing to bet you have adjusted your spending habits accordingly. This is no joke folks! When people spend less you will find lower company EPS. And I don’t know about you, but I’m spending less. Trust what you can see with your own eyes. Trust your experience & that of the people you know.

MAJOR KNOWN UPCOMING ECONOMIC CATALYSTS:

MAY NEW HOME SALES (LAST FRIDAY): Previous was 0.591m, consensus was 0.588m. Actual was 0.696m … what!!! 0.696m!!?? Oh … the data was “seasonally adjusted.” Well … you know what that means … when they revise upward there is always hell to pay in later data.

MAY DURABLE GOODS ORDERS (TODAY): Consensus Month over Month data is expected to come in at 0% for May while April came in at +0.4%. Remember that durable goods are those goods expected to last for three years or so.

MAY PERSONAL INCOME/SPENDING (THURSDAY): Personal Income consensus is an increase of 0.5% Month over Month with April registering 0.4%. Consensus Personal Spending is an increase of 0.5% Month over Month with last April coming in at 0.9%.

MAY PCE PRICE INDEX (THURSDAY): Of note but not necessarily highlighted in red, the Personal Consumption Expenditure is forecasted (no consensus) to come in at an increase of 6.7% Year over Year with April registering 6.3%. Month over Month numbers are forecasted at 0.9% with April coming in at 0.2%. Personal consumption expenditures, a measure of consumer spending, support the reporting of the PCE Price Index, which measures price changes in consumer goods and services exchanged in the U.S. economy. The Fed prefers PCE data though the CPI takes all the glory in the eyes of the public.

Looks like there is some bullish momentum leading into Monday in all world markets.

• Dow futures gain as stocks try to keep comeback from bear market lows going

• Hong Kong’s Hang Seng up 2% as Asia-Pacific markets rise

• European markets climb as positive global momentum continues

BUY LIST UPDATE: It’s always tough after a market dump to add either long or short plays. Be patient folks. All of the suggested short plays I posted earlier worked marvelously! But I’m hesitant to add more given the market lows.

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PAID CONTENT IN THE PAYWALL BELOW: 1 Stocks on the BUY LIST near/at/above the Buy Zone (Waiting to Swing) / 1 Options Strategy / A Detailed Breakdown of Yesterdays Earnings Beats & Misses / Most Recent Insider Buys/Sells / IPO Lockup & Quiet Period Expirations / 10 Stocks on the Price Based Assessment Watchlist / 3 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) / 3 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) / 6 Stocks on the short possibilities list.

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