S&P 500 headed to 2,500, courtesy of Japan?

November 12, 2014

Stocks finished a smidge higher Tuesday in a session so quiet that you felt compelled to check your Internet connection because it seemed like prices just were not moving. Knock,... Continue Reading »

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 »

Daily Issues

Trades Update

November 19, 2014

Stocks were down on Wednesday, with investors focused on two major areas of concern: the October FOMC meeting minutes, which were more hawkish than expected, and mixed U.S. housing data for October. Specifically, building permits came in above the forecast, while housing starts were light of expectations.

Telecom and tech stocks were today's biggest losers. Meanwhile, several retailers reported better-than-expected Q3 results, namely Target (TGT) and Lowe's (LOW), which pushed the consumer discretionary sector to one of the biggest gains in the S&P, second only to energy. In today's Trader's Advantage, we were able to enter two new trades in Wednesday's session; I'll share my latest recommendations for those and our other positions.

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Trades Update

November 18, 2014

Today's better-than-expected Homebuilder Confidence report gave the market another shot of positive momentum. The S&P 500 cleared the next technical resistance level of 2,050, and the rally is running rampant across all sectors with healthcare stocks leading the pack.

No surprise, then, that our bullish positions fared well and we were able to take profits in three trades with plenty more in line to hit their targets. I also have two new trade recommendations tonight, and one stock we're going to put on our watch list.

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The Market Ignores Japan's Economy - But You Shouldn't

November 17, 2014

Today's biggest headline was a report that Japan's economy unexpectedly contracted in the third quarter. But since very few people seem to care much about Japan's economy, or have much of an opinion about it, the news was like a rock tossed into a big lake that caused a modest ripple and disappeared. You would think that the Japanese asset buying program announced two weeks ago would be nonstop news on every financial media channel, because it really is a game-changer.

But, overall, it was the sort of session where you want to be careful not to draw too many conclusions, so stay in gear with our current holdings. Let's take a look at our open trades and one that we exited today for solid profits.

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

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