Daily Issues

Trades Update

September 17, 2014

Today was the day we've all been waiting for: September FOMC Day. Investors watched with bated breath for the meeting minutes and Fed Chair Janet Yellen's policy statement, and ultimately the Fed reiterated that quantitative easing will end in October while there will be 'considerable time' before any hike in short-term interest rates.

The market's reaction was largely positive: After an initial drop-off, the S&P recovered to close up 0.1% on the day, as did the Dow, while the Nasdaq rose 0.2% and the Russell 2000 small-caps outperformed with a gain of 0.3%. In today's Trader's Advantage, I have four new buys for you to consider, and I'll provide my latest recommendations for our existing holdings.

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Trades Update

September 16, 2014

A single headline can drive the markets and, today, the bulls jumped all over the news that WSJ's Jon Hilsenrath indicated that the Fed will keep 'considerable period' language in its statement tomorrow. From there, it was off to the races for the major averages.

Whether Hilsenrath is the new 'Deep Throat' or not, the reaction sent the S&P straight up through the 2,000 level, as the Dow made a new high. In the mix, one of our stocks hit its target for a nice gain, and I've got two bullish call option trades to play the upward momentum.

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Fed Frenzy Abounds

September 15, 2014

Small-caps, techs and biotechs were beaten up on darkened corners, while large caps and consumer staples luxuriated in sunshine and appreciation. Basically, if you made anything from food to cigarettes and were over $10 billion in market cap, it was a great day. If you made computer software and were under $1 billion in cap, you wished you had stayed in bed.

The main focus of attention, once again, for the umpteenth time and I'm not even kidding was the highly anticipated meeting of the Federal Reserve on Wednesday. There is still a lot of concern over two little words, 'considerable time.'

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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