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Homebuilders are knocking on the door again

October 21, 2014

There are some groups of stocks that are the never-ending object of our attention for months and years on end, and then something happens and you gradually stop looking —... Continue Reading »

'Ebolatility' infects stocks, sparks bonds

October 16, 2014

Stocks keeled over on Wednesday like sawgrass in a stiff wind, bending and trembling but never actually breaking. There was a list of catalysts as long as your arm, even... Continue Reading »

Dollar surge puts Q4 earnings at risk and two-year stock uptrend in peril

October 8, 2014

Stocks opened this week with solid gains across the board, but sellers moved in on cat feet and began pawing at the highs until they unraveled like a ball of... Continue Reading »

Daily Issues

Trades Update

October 21, 2014

While none of the issues that were giving traders anxiety attacks last week have been resolved, it's clear that perceptions are changing and fears are abating with cash moving off the sidelines and back into equities. We're in the midst of a relief rally with earnings season well underway. Results have been largely positive, but not without some serious misses from big names including IBM, Chipotle, Coca-Cola and McDonald's.

But, for now, the market is focusing on the positive, which means our lineup of longs is sitting pretty. We were able to enter three new positions today, and I've got a couple more new ideas for you, including a call options trade.

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Market Dodges IBM Bomb

October 20, 2014

In summary, nice up day but volume was low. I suspect that bulls will improve on today's effort tomorrow and later in the week once more high-quality growth companies like Apple (AAPL) report improved results despite the many challenges in their way.

Let's consider some new recommendations to take advantage of the potential for renewed confidence.

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Trades Update

October 17, 2014

My expectation is that the low of the recent turmoil was hit on Wednesday morning. Though it may be tested again the coming week, it should hold once again as sellers step aside and allow buyers to take the S&P 500 back up toward the 1,975 level at least, if not all the way back to 2,000. U.S. corporate earnings will be negatively impacted by the surge of the dollar, but the past month and a half's downturn has discounted that, and now it is probably time to discount the recovery.

Given that, I'll keep my focus on bullish opportunities, and I have updated entry instructions for a new long. But I want to stay nimble in case a short-term move up later next week is a 'trap.' I review that possibility in today's podcast.

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Poll

Which of the following sectors of the market do you think will outperform for the balance of 2014?

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