[Weekly Market Outlook] Grandpa Russell (IWM) Awakes

[newsletter.png] Grandpa Russell (IWM) Awakes May 5th, 2019 Keith Schneider CEO, MarketGauge.com Equities markets put in a respectable week as Fridays action turned things around from what was looking like a key reversal pattern. IWM was up almost +2% on Friday and +1.4 % on the week. The catalyst was the jobs report which was very strong, showing that unemployement is the lowest it’s been in 49 years at 3.6%. For those that think the glass is always half empty, wage growth was anemic. Classic analysis regarding employment would take these numbers as a strong positive, reducing the chance of a recession. Although the bond markets didn’t seem to care and barely budged. This week’s highlights are: - Risk Gauges are still strong but retreated from a 100 % bullish reading - High Yield Debt is having issues relative to US government debt - Small Cap (IWM) Stocks came alive clearing the 50 Week Moving Average for the first time in 6 months - Regional Banks moved up and cleared its 200 DMA - Fed minutes indicate that it is open to anything as its all about the data (a possible rise?) - Market Internals stabilized after showing topping action Some of you may already know that Mish’s book, Plant Your Money Tree: A Guide to Growing Your Wealth, will be released on May 8th. The book provides a simple compass for you to make money decisions of all kinds. - If you're new to the market, this is your fast-track way to understand which way the markets and economy going. - If you're an experienced trader or investor, you will enjoy the step-by-step rules for entering and exiting big swing trades. “Plant Your Money Tree” covers the core processes we use at Marketgauge. It’s the same process Mish used to win the award for the best trade of the year for 2018 from Real Vison. ( not an easy feat considering the roster of traders that partcipated ) Go to [ to save 30% on your pre-order plus, receive a special $97 bonus for free! We would very much appreciate it if you would please buy a book (you can pre-order it and receive it on the 8th ) and write a stellar review on Amazon on the release date. If you already bought one, THANK YOU! A review would be awesome. That would be so very helpful to us and we will be most grateful for your support. And of course we know the book will be very valuable to you as well. [Free Video]( [Premium Video]( Best wishes for your trading, Keith Schneider CEO MarketGauge [twitter.png]Get more - follow us on Twitter! [@marketgauge]( and [@marketminute]( To stop receiving this go [here.]( | Got Questions? (Office hours 9-5 ET (New York time)) Email: info@marketgauge.com Live Chat: Go to bottom right corner of our [home page](. Call: 888-241-3060 or 973-729-0485 "Market Intelligence at a Glance + Tools For Serious Traders" [Tap here to manage your email subscriptions or stop receiving this email.]( The information provided by us is for educational and informational purposes only. This is not intended to be individualized investment management. If you require investment management, please contact your investment adviser or our affiliated investment adviser, Market Gauge Asset Management, LLC, at [www.mgamllc.com]( MarketGauge.com 70 Sparta Ave, Suite 203 Sparta, New Jersey 07871 United States (888) 241-3060