Make Money Trading The News

At SlingShot Trader we help subscribers make large, quick profits trading the news. Not every news story is worthy of a trade. In fact, very few are. But with our proprietary screening mechanism — the SlingShot Profit Screen — we cut through the noise to find the high-velocity trades that will put money in your pocket. LEARN MORE ›

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John Jagerson
Editor, SlingShot Trader

Wade Hansen
Editor, SlingShot Trader

Weekly Update: Jul 30, 2014

This is a busy week for economic reports. Not only are we still in the middle of earnings season, but the Federal Open Market Committee (FOMC) interest rate decision, the ADP labor report for July and the advance GDP figures were all released today. Overall, the data has been a little mixed. The GDP reading was good, but much of the gains were due to inventory accumulation.

The FOMC report didn’t have any surprises, but there was a dissenter from the vote, which adds to the uncertainty. The end result is that yields and stocks remained volatile, and support seems unlikely to break on the 10-Year Treasury note. This could put pressure on gold, stocks and dividend-payers in the short term, but, among all three asset classes, it will likely be worse for gold.

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Today’s Market

NASD 4369.77 0 0%
S&P 500 1929.8 -0.87 -0.05%
VIX 16.95 0 0%

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