May 22, 2013
Stocks closed materially lower today in highly volatile trading following remarks by Fed Chairman Ben Bernanke. The Dow Jones Industrials had been up as much as 120 points in the morning when the chairman was giving prepared remarks to Congress, but sold off when he offered some hints in a question and answer session that offered some hawkish nuances.
The move lower was then aggravated by the release of FOMC meeting minutes from last month that exposed some discord regarding conditions for and timing of any winding down of QE. In today's Trader's Advantage, I'll explain my plan if the market decline continues. I'll also recap our current trades, including new initial targets for two of them.Continue Reading »
May 21, 2013
After a slow start to the day, stocks finished Tuesday's session slightly higher, with the Dow Jones Industrials leading the charge. The Dow gained 52 points, or 0.3%, the S&P 500 ended higher by 3 points, or 0.2% and the Nasdaq edged up by 0.16%.
Tech stocks lagged the market with Apple (AAPL) and Microsoft (MSFT) both falling about 0.7% on the day. Both tech giants were in the news today as Apple CEO Tim Cook took questions from a Senate Subcommittee regarding the company's controversial tax practices and Microsoft announced their next generation Xbox console.
In today's issue of Trader's Advantage, I have parameters for two of yesterday's recommendations that filled, I'm canceling the other recommendation and I'll review our current positions.Continue Reading »
May 20, 2013
Stocks sank slightly lower in quiet, low volume trading on Monday despite a strong uptick in the sort of merger and acquisition activity that has ignited risk appetites in the past. Energy led the gainers list, which was good for us, as crude oil prices edged higher. Consumer staples mostly declined, as did retailers and utilities.
No major economic data points were released, so investors were on their own with company-specific news. The second half of May and the first half of June are mostly news-free zones for companies, however, as first-quarter results are already reported and investors have not yet started thinking with any great detail about second-quarter results. In today issue of Trader's Advantage, I have a detailed explanation about the great number of factors that will determine the direction of the market for the rest of the year, I have two new recommendations and I'll review our current trades.Continue Reading »
Which sectors do you believe will see the biggest gains during first-quarter earnings season?
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