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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys.

YESTERDAYS INSIDER BUYING

TODAYS COMMENTARY Get a Cup of Coffee & Enjoy Catching Up! If you aren’t reading this daily you are missing out on a wealth of information that could prevent unforced & unnecessary trading errors.

BUY LIST UPDATE: One Option Strategy Added Today

TRADING TODAY: Federal Reserve Chair Jerome Powell will be speaking today (See the Economic Calendar Above). Powell's speech is at 11 a.m. ET & he's already said (in May) that the Fed is ready to raise interest rates by 50 basis points. Powell is also scheduled to speak again at 1 p.m. ET, at the International Monetary Fund alongside European Central Bank President Christine Lagarde. Yes … the markets can & will likely move on what he says. Traders will be looking for statements that imply a more or less aggressive posture on inflation. And trust me, no matter how good he paints a picture, the markets usually gives 10x the credit to the one or two negative observation/s he may have.

The next big data release on the economic calendar (above) will be the durable goods orders next Tuesday. This report covers new orders for US manufactured durable goods (That’s goods that are expected to last for 3 years or longer). In short, these are not your one time use goods like food, gas, chemicals, toiletries, etc … but rather furniture, household appliances, machinery, etc. They are generally more expensive than your temporary goods & can often be a “one time,” or “once in a while,” purchase. When inflation bites you can generally see it first in the durable goods market. People tend to forgo large expensive purchases when everyday items increase … effectively depleting their spending power. Last month durable goods came in at -2.2% month over month (MoM). Consensus at the time was -0.5%, a 1.5% spread to the negative below analyst expectations. In the next report analyst expect a 1% increase MoM. A higher or lower than expected swing in new durable goods orders has the tendency to move markets.

YESTERDAYS HOUSING DATA: The average price of a single family home increased to over $370,000, housing starts came in at 7.93m (higher than the 7.45m expected), building permits came in at 8.73m (higher than the expected 8.65m), existing home sales plummeted 2.7%, mortgage applications are down the lowest level in over 2 years, Refinancing is down big, & the average 30 year fixed interest rate comes in at over 5%. Big takeaway? We are still in a housing shortage which is why demand remains & housing prices are increasing despite the increase in interest rates. Less people are refinancing as a result of the higher rates & investors are buying homes keeping demand high. Few are selling & many are buying. The implications are many & some were explained in Monday’s Newsletter.

YESTERDAYS EARNING RESULTS PG RCI NDAQ MCRI MKTX MTB LAD KNX HCSG GATX FCCO FMAO CTBI CMA CPF CATC BFC BKR ANTM ABT VMI UAL UMPQ TBK TCBI TSLA THC STLD SNBR SLG SEIC RLI MMLP LBRT LSTR LRCX KMI KALU GL FR EFX EGBN CVBF CSX CCI CNS CVNA BDN BANR AA

Significant News Heading into 04.21.2022:

• Stock futures advance as investors digest more earnings reports

• Mainland Chinese markets tumble more than 2%, leading losses in mixed Asia trading day

• Treasury yields climb ahead of remarks by Fed Chair Powell

• European markets trade higher; Ukraine war remains in focus

• As the U.S. 10-year Treasury yield keeps climbing, here’s what it means for China

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PAID CONTENT IN THE PAYWALL BELOW:

• 6 Stocks near/at/above the Buy Zone (Waiting to Swing).

• 2 Options Strategies

• 25 Stocks on the Price Based Assessment Watchlist 5 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) 6 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) 4 Stocks on the short possibilities list

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

LOGIN INSTRUCTIONS: You will need to login to see the detailed list. The “email login link” will send the link to login directly to your inbox (Click the link & it will automatically log you in). You can also choose the “login with password” option. You will need to set up a substack password for this option.

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