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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 22, 2014

Stocks started higher on Wednesday but ran into some technical resistance at the key level of 1,950 for the S&P, which ultimately slid back down to 1,927 for a loss of 0.7% on the day. Contributing factors included a shooting in the Canadian capital of Ottawa, the next round of corporate earnings and a rise in consumer inflation.

Comparing the 10 S&P sectors shows a strong flight to safety: only consumer staples and utilities traded higher, while energy and industrials underperformed. In today's Trader's Advantage, we took half profits on an option play, and the market pullback allowed us to enter four new positions. I'll recap all of those outcomes and share my latest recommendations for our current Buy List.

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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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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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