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Stocks will be hungry for growth after emotional reset

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 »

The best plays for November

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 »

Bond volatility's grim message for the market

June 6, 2013

As the Fed continues to issue hints about its “tapering” program, the bond market has gotten more nervous because the government’s regular bond purchases have set prices, and no one... Continue Reading »

Daily Issues

Stocks Struggle to Find Traction Despite Plenty
of Positives

July 24, 2014

Stocks ripped higher, then sold off, then ripped higher again and retreated before ultimately landing on their backs, out of breath and largely unchanged.

It was kind of an unseemly outing for the bulls. They could just not get their act together despite ample positives, such as a blow-out earnings report from high-beta, new-age superstar Facebook (FB) as well as good reports earlier in the week from Microsoft (MSFT), Apple (AAPL), Intel (INTC) and Google (GOOGL).

In today's Trader's Advantage, I'll review the key winners and losers in Thursday's session, and I'll update you on our current holdings. We entered two new trades today, and I'm adding options to one of our stock positions.

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Trades Update

July 23, 2014

Despite worsening tensions overseas and a mixed bag of earnings reports, stocks were mostly higher on the day, continuing Tuesday's advance. The S&P and the Russell 2000 each gained 0.2% and the Nasdaq rose 0.4%, while the Dow gave up 0.2%.

The blue-chip index was dragged down by Boeing (BA), which met Q2 earnings expectations but failed to live up to revenue forecasts. Also on the earnings front, Caterpillar (CAT) also disappointed the Street with its report, while Apple (AAPL) beat expectations, as did Intuitive Surgical (ISRG).

In today's Trader's Advantage, we took profits on one position and entered another, and I have three new trade ideas to share. I'll also update you with my latest recommendations for all of our current holdings, including canceling two unfilled buy orders.

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Trades Update

July 22, 2014

Earnings took center stage today as the market started to absorb the news from Gaza and Ukraine. On the economic front, the Core CPI reading for June came in at 0.3%, which aligned with estimates, and existing home sales for June came were slightly better than expected.

As long as inflation remains relatively low and earnings growth is relatively strong, it's pretty hard to have a major correction. That's not to say that you can't have plenty of aggravating 5%-8% corrections, but bears might have to wait a while for a whopper. That's why we'll stay nimble and slightly mixed; today, two of our bullish plays hit their profit targets while a bearish put stopped out. Let's look at the tape, and also two new recommendations.

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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
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