Daily Issues

Finding Order in Market's Chaos

February 12, 2016

Stocks are up sharply today but remain down heavily for the week. That has been par for the course lately, as bears have repeatedly ganged up on the major market indexes for a few days at a time, only to then relent for a day or two to regroup and reload.

The S&P 500 Volatility Index ($VIX) continues to be rather nonplussed about these jolts up and down. It's almost as if institutional investors have simply gotten used to these up and down streaks and are not hedging them out as much.

In today's Trader's Advantage, we'll close out of a trade and do a review of the remaining open positions.

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No Save Haven for Equities

February 11, 2016

Stocks have spent most of today selling off, with the Dow Jones Industrials down as much as 380 points, amid another rout in oil prices and revulsion for the Swedish central bank moving to negative interest rates in a desperate effort to ward off deflation.

All sectors are in the red today, with financials and industrials leading the declines. Telecom and discretionary are modestly outperforming.

The S&P 500 Volatility Index ($VIX) has been strangely quiescent during the sell-off, rising only as much as 10% today, which is about half of what you would expect if the Dow is down as much nearly 400 points.

In today's Trader's Advantage, we'll close out of two trades and review the remaining open positions.

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Fed Chair's Testimony in Focus

February 10, 2016

Stocks traded higher in choppy action on Wednesday as most of the focus was on Fed Chair Janet Yellen's testimony and Q&A in front of the House Financial Services Committee.

Earnings, fresh OPEC forecasts, and a crude inventory draw were also in headlines, and China remains closed for the week.

Health care, IT, and discretionary led gains, while utilities and telecom were the only sectors in the red.

In today's Trader's Advantage, we'll focus on a review of our open positions.

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

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