December 6, 2013
With the market chopping around a bit after racing to new highs, it’s nice to see the bulls take a breath, which should be a good sign that we’ll see... Continue Reading »
November 4, 2013
While buying the market is not a bad idea, there are specific plays that may hold more promise for investors than an index ETF. Here are a few plays that... Continue Reading »
July 31, 2014
Stocks came under substantial pressure Thursday, the last session of July, pushing the benchmark S&P 500 Index to its largest one-day knockdown since early April.
Market participants seem to be concurrently worried about the economy being too weak and too strong at the same time. And moreover, they appear to be worried about a debt default in Argentina, whose entire economy would fit into NBA star LeBron James' lunchbox.
In today's Trader's Advantage, I'll review the various events that had investors running for the exits, and I'll share my outlook on what's to come next, with some help from S&P 500 historical data. I'll also update you on our holdings, including three positions that we sold during Thursday's session.Continue Reading »
July 30, 2014
Stocks closed mixed on Wednesday despite a better-than-expected U.S. GDP figure for the second quarter. When all was said and done, the S&P was up just a fraction, the Nasdaq and the Russell 2000 each gained 0.4%, and the Dow slipped by 0.2%. The blue-chip index was dragged down by component Coca-Cola (KO), which fell 1.8% on the day.
Thursday will see a plethora of earnings reports: 41 companies are reporting tomorrow, including Exxon Mobil (XOM), Time Warner Cable (TWC) and Beazer Homes (BZH). In today's issue of Trader's Advantage, we sold one position on a stop, and I'll update you on our remaining holdings.Continue Reading »
July 29, 2014
As August approaches, the S&P 500 remains in a tight 25-point range with a slight upside bias, even in the face of many antagonistic geopolitical situations that are still unfolding. However, today, the market learned that consumer confidence hit the highest reading since October 2007, thanks to cheap gas, a rising stock market and improved job prospects.
Since stocks seem to want to trade higher amid a busy earnings calendar, we'll continue with our bullish approach. Many of our open trades advanced today; let's take a look at the latest tape.Continue Reading »
With the markets trading near all-time highs, where do you think the S&P 500 will be at the end of the year?
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