Stocks survive Greekmaggedon

July 7, 2015

Stocks sank Monday but finished well off their lows as investors decided that Greek voters’ decision to stiff their creditors might not be the life-threatening event of the century it was presumed... Continue Reading »

Crude Awakening

May 5, 2015

About two months ago, when crude oil was crashing, the airwaves were filled with trend-followers’ predictions that the price was headed for $20 a barrel. As soon as that became the prevalent opinion,... Continue Reading »

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 »

Daily Issues

Trades Update

July 6, 2015

Selling resumed on Monday following the Greek referendum on whether to accept severe austerity measures in resolving the country's debt crisis. Following the 'no' vote, stocks fell sharply all across the world. After the smoke cleared, European stocks were down about 1.5%, while Chinese stocks had fallen 2% and U.S. stocks had cut losses to just 0.4%.

Looking at the key S&P sectors, energy was hit particularly hard amid a further 7.7% decline in WTI crude oil prices, while utilities eked out a small gain. In today's Trader's Advantage, we entered two new trades today; I'll share my latest recommendations for those and our other current positions.

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Which Way Will Greece Go?

July 2, 2015

The Greek referendum, which is being thrown together like a Friday afternoon margarita party in a college dorm, looms on Sunday. Greek Finance Minister Varoufakis said in an interview that he would resign if the nation votes to access a bailout proposal. Is that a promise? I like the fact that he commutes on a motorcycle, like yours truly. Also great haircut.

Other than that, he seems to be one of the key reasons the credit overlords of the eurozone are squishing the Greeks. I understand that it's a lousy deal and he's sticking up for the people. But the time for heroics is over. There is a lot of blame to go around. Right now, they need to get money flowing to Greece again, and he is not helping.

The latest poll to come out showed 'yes' votes outpacing 'no' votes. If there is a yes vote, there will still be a lot of confusion but markets will celebrate. If you can vote in Greece, or can manufacture a vote like they do in Chicago, then I encourage going with the program. A real debt relief package will follow.

This should boost our trades, which have held up really well in the face of this week's wild ride. Let's take a look at what I expect for our open positions, along with a great new stock recommendation.

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Trades Update

July 1, 2015

Stocks continued to rebound on Wednesday as, now that Greek debt negotiations seem to be on the verge of getting back on track, investors can focus on the potential for positive developments in that arena.

Here in the United States, macroeconomic data were generally positive, and there was some notable M&A activity in the insurance industry that lifted spirits. Financials led the rally, along with consumer stocks and health care, while energy was the only sector in the red.

In tandem with improving sentiment, the S&P 500 Volatility Index (VIX) declined as much as 14% during Wednesday's session. In today's Trader's Advantage, I'm making a few adjustments to our Buy List, including lifting several stop prices.

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

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