Daily Issues

Time to Buy Highly Oversold Stocks

October 2, 2015

Looking back at the week, the market dropped sharply on Monday, and on Tuesday tried to rally but ended lower. Wednesday got off to a really good start: shot up at the beginning, came back in the middle and ended higher. Thursday was one of those interesting days in which it started down, found its feet in the middle of the day, and ended even.

Today was amazing; the market started off with a big decline – and then spent the rest of the day clawing its way back. Stocks got back to even around noon, paused around 1:30 p.m. ET, then shot higher all the way through the close, hitting the highest level of the past couple weeks on the last bar of the day.

There's a lot of speculation as to why that happened...but, the point is, it did. In today's Trader's Advantage, I'll analyze the market-moving factors in this week's Markman in a Minute podcast. Then I'll share two new trades and recap our positions, including one we closed on a stop.

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Barring a Big Reversal, Bull Market Looks Finished

October 1, 2015

Stocks were headed for another significant sell-off on Thursday before a midday rally left the market mostly unchanged. The S&P 500 rose 0.2%, as did the Nasdaq, while the Dow Jones Industrials finished slightly negative after reversing a 100-point midday loss.

It was an otherwise fairly uneventful session ahead of tomorrow's release of the September employment report, which is the next key input in the interest rate lift-off timing debate. There were some mixed takeaways for the economy, led by the ISM manufacturing index, which fell to 50.2 in September. This was slightly below the 50.6 consensus expectation.

In today's Trader's Advantage, I'll review the day's winners and losers, and share some analysis from the 'smartest guys in the room.' There are some arguments for a strong October -- but if that does not occur, stocks are in for a world of hurt. Then we'll take a look at how our recommendations are performing.

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1 New Buy as Market Rebounds 2%

September 30, 2015

Stocks were sharply higher on Wednesday, having taken a dip midday but then moved back toward their best levels of the early morning.

A very disappointing Chicago PMI report, slightly better-than-expected ADP employment and some merger activity are receiving attention today. None were market-moving on their own.

The advance today appeared to be primarily technical, and the S&P 500 Volatility Index (VIX) fell just 8%. That's not actually very much of a decline given the big move in markets, which should give bulls pause.

In today's Trader's Advantage, I have a new call trade, in addition to the new put trade and profits we took in my alerts earlier today. I'll then review my other current recommendations.

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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