ADVERTISEMENT

Pentagon contractors rev their engines amid new war rumors

August 21, 2014

Now that there is a hint of war in the air again, those Pentagon contractors in the iShares  Aerospace/Defense  (ITA) exchange traded fund are roaring back. If it weren’t for... Continue Reading »

Smarter consumers are dragging down retail sales

August 19, 2014

Cornerstone Macro analysts were out with a fascinating report this week that tries to explain why retail sales growth is stagnating despite the improvements in hiring and the economy. The... Continue Reading »

AOL beats, guides up and crows, "You've got buybacks!"

August 7, 2014

Some good earnings news emerged Wednesday from fallen dot-com  star  AOL  (AOL), which reported a top- and bottom-line beat for Q2 as well as announced a $150 million buyback program... Continue Reading »

Daily Issues

Buyers are Gonna Buy -- At Least for Today

August 21, 2014

Stocks shot higher again today without much help from a quiet news cycle or the economic calendar. People just wanted to buy stocks, and the exchanges were open, so up they went as sellers let go of their holdings with a firm sense of reluctance.

I put it that way because there is a lot of misconception about the auction system on Wall Street. Newcomers figure that for every seller there is a buyer, and that is true. But what gives every single day a complexion is the conviction level of each side.

In today's Trader's Advantage, I'll explain how the struggle between bulls and bears works and my expectation for how it'll play out tomorrow after Janet Yellen's Jackson Hole speech. I'm cancelling one of our unfilled buy orders and adjusting a few other trade parameters, and I'll update you on the rest of our trades, including two we closed today and one in which we took partial profits.

Continue Reading »

Trades Update

August 20, 2014

Stocks extended their rally into a third day on Wednesday after the Fed released the minutes from its July meeting and several positive earnings results hit the wire. One key report came from Home Depot (HD), which beat on earnings and raised guidance; this was taken as a potential sign of strength in the housing market.

Industrials and consumer discretionary were the strongest S&P sectors today, while health care, tech and consumer staples lagged. In today's Trader's Advantage, I have a new long trade in the semiconductors area, I'm adjusting the parameters on a few unfilled trades, and I'll update you on the balance of my current recommendations as well.

Continue Reading »

Trades Update

August 19, 2014

Tuesday was another very good day for equity markets following better-than-expected data from the home-building sector -- which is precisely why I recommended covering our short trades.

The Dow, S&P and Nasdaq were all ahead by at least 0.4% on the day, and those who were waiting for a pullback were sorely disappointed. Markets are funny like that; sometimes you have plenty of time to get into position and other times you just need to buy and sell at the market because things are moving so quickly. Speaking of moves, I've got a look at our open trades, along with some updated instructions, and two new ideas for you.

Continue Reading »

Poll

With the markets trading near all-time highs, where do you think the S&P 500 will be at the end of the year?

  • 2,100 or greater
  • 2,000 - 2,100
  • 1,900 - 2,000
  • 1,900 or lower
ADVERTISEMENT