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Drought could drain California of its power

April 9, 2015

You may have heard that California is experiencing an historic drought – the worst in  200 years by some measures. While this might seem like a problem isolated to lawns... Continue Reading »

Big Nasdaq breakdowns tend to worsen before they heal, data shows

March 26, 2015

When stocks were hit with a hard left jab on Wednesday, techs and biotechs took the brunt of the impact. The Nasdaq Composite fell 2.4%, its first loss of  greater than 2%+ since October.If you have... Continue Reading »

Stocks show impatience is a virtue

March 19, 2015

Equities pulled out of a steep dive in the middle of the Wednesday session, then turned up and shot higher after the Federal Reserve announced it would stop being patient, but wouldn’t be... Continue Reading »

Daily Issues

Trades Update

April 24, 2015

Volatility has vanished this week just as quickly as it emerged last week, with the S&P gaining 1.8% on the week as the market settles back into a sense of complacency.

Investors are increasingly converging on the notion that the Federal Reserve is not likely to raise interest rates at either its June or December meetings due to signs that the U.S. economy is weakening. However, there are clues that the consensus view is wrong -- and that the Fed may stand its ground and raise rates as soon as June, with follow-up rate hikes to come in September and December. If that occurs, you can expect the current low-volatility environment to evaporate and for a sharp round of volatility ramps to take its place.

In the meantime, we'll continue to look for profits with short-term long trades. In today's Trader's Advantage, I'll update you on the latest happenings in our Buy List, including two new trade entries.

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Trades Update

April 23, 2015

The rally continued on Thursday amid a heavy round of earnings reports and some additional weak economic data. One of the day's biggest winners was IBM (IBM), which gained another 2.9% as it continues to ride the wave higher after reporting earnings on Monday. Apple (AAPL) was up 0.8%, which played a big part in bringing the Nasdaq to a new closing high.

Among key S&P sectors, telecom and energy outperformed, while consumer staples was the only major sector to trade lower. Crude oil and gold were both higher, and Treasurys were flat. In today's Trader's Advantage, I'll provide my latest recommendations for our trades, one of which we just entered today.

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Trades Update

April 22, 2015

Stocks rebounded smartly on Wednesday, up 0.5% amid a flurry of headlines. Today's round of earnings reports included a nice beat from Coca-Cola (KO) and news that the new CEO of McDonald's (MCD), Steve Easterbrook, will announce a 'turnaround plan' on May 4. On the economics front, existing home sales came in better than expected.

All sectors traded higher on the day; tech and financials led the way, while consumer sectors lagged. Volatility has eased substantially as traders reflect their complacency about current conditions. In today's Trader's Advantage, I have four new trade ideas for you, and I'll provide my latest recommendations for our current holdings.

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Poll

Which of the following sectors of the market do you think will outperform for the balance of 2015?

  • Utilities
  • Energy
  • Healthcare
  • Technology
  • Financials
  • Industrials
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