Daily Issues

Central Bank Heroes at Center Stage

November 20, 2014

The day's initial color was blue as investors showed a measure of sadness about new signs of global growth trouble with disappointing flash PMI data out of China and Europe. But then it was like, 'Oh well,' and stocks took off around noon ET.

There was nothing specific behind the resilience other than the overall feeling that the central banks are going to bail the world out of industrial and financial setbacks that otherwise would lead to a vale of tears. All in all, a pretty darned good day that provided a boost for our more aggressive positions.

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Trades Update

November 19, 2014

Stocks were down on Wednesday, with investors focused on two major areas of concern: the October FOMC meeting minutes, which were more hawkish than expected, and mixed U.S. housing data for October. Specifically, building permits came in above the forecast, while housing starts were light of expectations.

Telecom and tech stocks were today's biggest losers. Meanwhile, several retailers reported better-than-expected Q3 results, namely Target (TGT) and Lowe's (LOW), which pushed the consumer discretionary sector to one of the biggest gains in the S&P, second only to energy. In today's Trader's Advantage, we were able to enter two new trades in Wednesday's session; I'll share my latest recommendations for those and our other positions.

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Trades Update

November 18, 2014

Today's better-than-expected Homebuilder Confidence report gave the market another shot of positive momentum. The S&P 500 cleared the next technical resistance level of 2,050, and the rally is running rampant across all sectors with healthcare stocks leading the pack.

No surprise, then, that our bullish positions fared well and we were able to take profits in three trades with plenty more in line to hit their targets. I also have two new trade recommendations tonight, and one stock we're going to put on our watch list.

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Which of the following sectors of the market do you think will outperform for the balance of 2014?

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