ADVERTISEMENT

Daily Issues

Market Continues Lower as Sentiment Remains Depressed

April 29, 2016

Stocks took a hit this week after having gained 0.5% in the week prior, as investors have generally given a thumbs-down to U.S. companies' first-quarter earnings reports and the current drift of global monetary policy.

The S&P 500 was flat for the week through the middle of Thursday -- but then suddenly pulled a hard right turn into the close that day and continued in the same direction today.

Last week, the earnings report culprits were Microsoft (MSFT) and Alphabet (GOOG), and growth investors appeared to be sensing that struggles in the quarter were limited to these behemoths.

But then the growth darling of all darlings, Apple (AAPL), also recorded a terrible quarter for reasons that appear to be persistent rather than ephemeral…and the optimism seemed to palpably seep out of the equity market. And that has occurred even though some growth stalwarts, such as Amazon.com (AMZN) and Expedia (EXPE), have managed to not only survive, but thrive.

As I noted yesterday, I'm still bullish on tech stocks with software products that are in high demand, and there are several other bullish themes I expect to do well, too. In today's Trader's Advantage, I'll share my latest trade instructions and recap the four positions we closed today.

Continue Reading »

Japan's Central Bank Slams Door on Monetary Stimulus

April 28, 2016

Stocks sank on Thursday and finished at their worst levels as investors around the world reacted with panic to the overnight decision by Japan's central bank not to add more monetary stimulus.

Defensive asset classes and commodities gained ground, with crude oil hitting new highs for the year, up 1.5%, and gold rallying 1.9% as well. Technology stocks sold off after influential investor Carl Icahn announced he had sold his entire Apple (AAPL) stake over concerns with the deterioration of its business in China. Utilities and telecom beat the tape as safe haven plays.

In today's Trader's Advantage, we'll review a profitable exit and do a full review of our current positions. I should have one or two new trades for you tomorrow morning.

Continue Reading »

Federal Reserve Keeps Hands Off Rates

April 27, 2016

Stocks traded mostly higher late Wednesday afternoon in a positive reaction to the Federal Reserve's decision to leave interest rates and its unchanged outlook on the U.S. and global economy.

Techs initially lagged in a major way on earnings disappointments but stormed back in late afternoon action.

Treasuries were notably stronger following the Fed release. The U.S. dollar was down against the euro. Gold was higher, and crude oil settled up 2.9% on a bearish inventory report.

In today's Trader's Advantage, we have a new profit target exit followed by an update on all of our current positions.

Continue Reading »

Poll

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

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