Archive Category: Andrew Zatlin's Superforecast Trader (Alerts)

We’re back for our Thursday market wrap on Superforecast Trader. Now, before I get to Matt and the good news about our trade this week, I want to review the jobless claims numbers from the Labor Department released this morning.

Optimism is running rampant in the market today. The S&P 500 has reached an all-time intraday high as investors continue to shrug off concerns about the Iran war. As I write, the benchmark index is up nearly 0.8%, while the Nasdaq is up 1.3%; however, the Dow Jones Industrial Average is off 0.2%. If the gains hold, the S&P 500 will notch its 10th positive session in the last 11. The Nasdaq could also hit an 11-day winning streak.

Hello and welcome back to Superforecast Trader! We’ve got a Super Divergence trade for you today, and Matt Clark will be spelling out all the specifics in his section below. First though, I’d like to share my thoughts on the cyclical nature of the job market, and why the latest numbers may not be telling the whole story.

Welcome to our weekly wrap for Superforecast Trader! It’s already been a great week for us (Matt will dive more into that in a second). But first, initial jobless claims are out from the Labor Department, and they were as I expected.

After one of the worst quarters in recent memory, the market appears to be erasing the past and starting the second quarter on a high note. Oil prices are easing back after President Trump posted that Iranian leadership is seeking a ceasefire with the U.S. and Israel… giving investors more confidence that an end to the conflict may come sooner rather than later. For us, that has provided a huge boost to our Super Divergence trade we opened yesterday on the SPDR S&P 500 ETF (SPY).