The Dow Jones Today started 200 points down after the U.S. Department of Labor's February jobs report failed to meet expectations.
Wall Street should see a lot of red today, but there are still winners to watch in the market...
The Dow Jones news today will focus on political developments in Washington, as President Trump nominates a new FBI director ahead of former FBI Director James Comey's testimony tomorrow.
In other stock market news, the United Kingdom will hold parliamentary elections tomorrow, which could affect the speed of Brexit.
The stock market soared in 2016, and that means the best stocks of 2016 saw huge gains.
The Dow Jones Industrial Average is up nearly 15% on the year and smashed through 25 record closes.
by Tom Gentile
By now, you know I'm absolutely crazy about data. I've got tons of it – years of price records on the best stocks on the S&P 500… years of earnings data… proven, backtested patterns, and a lot more.
All that data is one of the reasons why we do so well with our trading.
News networks like data, too, but they don't have the same variety and depth of data I've got at my fingertips. Nowadays, they're focused exclusively on every upcoming jobs and GDP report they can get their hands on.
Here's the thing – by themselves, those reports aren't worth paying much attention too, let alone basing your trading decisions on them.
But in the right context, these data can confirm or predict trends. Last week, for instance, I mentioned that quarterly earnings could point the way to a recession by March 2017.
Today I have to tell you that that recession is looming even larger on the horizon, so we'll want to alter our trading accordingly.
You see, I'm looking at another piece of data, an indicator, used by some of the most successful traders in the business, to see exactly how the economy is doing in real time.
This is incredibly accurate, and you don't have to have special access to anything to take a read on this powerful indicator, either.
It's as easy looking out your car window...
