LUV is in the air

September 11, 2014

The investment research firm Bespoke has gotten into the business of consumer surveys, and last month they asked a representative sample of Americans to rank their most used and favorite... Continue Reading »

And now, the Scotland Scare

September 10, 2014

Investors have a new chunk of rock and nationality to worry about this week. Not Ukraine, not Syria, not Iraq, not Liberia … Look north, turn left, and zero in on... Continue Reading »

Pentagon contractors rev their engines amid new war rumors

August 21, 2014

Now that there is a hint of war in the air again, those Pentagon contractors in the iShares ¬†Aerospace/Defense¬† (ITA) exchange traded fund are roaring back. If it weren’t for... Continue Reading »

Daily Issues

A Death Cross Doesn't Mean Disaster

September 22, 2014

Stocks plotzed this afternoon without any specific catalyst other than some random comments out of China that maybe economic stimulus there would be muted, and some semi-random weak home sales data. Countervailing on both of those off-key vibes were some positive comments out of New York Fed honcho, William Dudley, that the central bank could be patient on raising rates, as well as some awesome merger announcements.

Normally, you would expect those two positive events to outweigh those two negatives, but that did not happen today. There is always something new in markets, which is why we find them endlessly fascinating and lucrative. Just when you think something is a lock to be true, it turns out to be false in certain circumstances.

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Trades Update

September 19, 2014

A 'no' vote in the Scottish independence election and a hugely successful initial public offering for Chinese Internet giant Alibaba (BABA) paved the way for a green session, following the S&P's new closing high Thursday. With just seven trading days left in September, indices will likely get a boost from fund managers who are 'window-dressing' portfolios as the third quarter comes to a close.

It's all coming up roses for the market, and we're sitting on a nice mix of bullish plays to benefit from it. We were able to snag entries on two new stocks today. A third new trade eluded us, so I have a recommendation to cancel but next week should be full of new opportunities.

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Market Lets Go of its Worries Ahead of Alibaba IPO

September 18, 2014

Stocks stormed higher again on Thursday, fueled by positive vibes from the Federal Reserve's monetary-policy announcement on Wednesday, renewed hope for eurozone stimulus and the excitement surrounding the biggest initial public offering in the history of mankind due on Friday.

Throw in some hope that the Scots will decide to keep their United Kingdom passports in the independence referendum today, and you can see why sentiment was supportive. People were in a good mood about the current state of affairs -- getting over their fears of beheadings in Syria and passenger-jet shootdowns in Ukraine -- and they expressed this ebullience in the market.

In today's Trader's Advantage, I'll share my take on the latest happenings in the investing world, including the Alibaba IPO, and I'm making a few changes to our trade parameters.

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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