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

Trades Update

August 27, 2014

Stocks closed just about flat in mixed trading on Wednesday, with telecom and utilities outperforming while financials and energy lagged. The bond market saw further rotation into Treasuries today, causing the 10-year Treasury yield to slip further to 2.36%.

In today's Trader's Advantage, I'll update you on our current trades, several of which did quite well in Wednesday trading. I'm raising my second profit target on one of them, and I'll share my latest take on the rest of our Buy List as well.

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Trades Update

August 26, 2014

The bulls weren't going to rest without a close above 2,000 for the S&P 500. Buoyed by a better-than-expected consumer confidence reading for August (92.4 versus the 88.3 consensus), the broader market reveled in the 11th positive session in the past 12.

As August winds down, I think there are still short-term bullish opportunities to be had ahead of the September seasonal slump, and I brought you one today earlier in the session. I give you my target for that new trade, along with a review of our other positions.

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S&P Touches 2,000

August 25, 2014

Stocks finished higher but off their best levels today in a quiet, low-volume, low-volatility, summer day kind of session. The S&P 500 briefly rose above 2,000 for the first time -- cue the trumpets -- before slipping back into the 1990s.

We took advantage of the surge by selling our SPDR Dow Jones Industrials (DIA) calls for a 61% profit and our SPDR Industrials (XLI) common for a 5.9% profit. It's great when a plan comes together. And we've got more to come.

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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