December 11, 2013
Stocks suffered a sharp across-the-board decline on Wednesday after the Senate passed a budget deal that includes measures to reduce the federal deficit by $23 billion over 10 years. This led to renewed speculation that the Fed will soon begin tapering its stimulus measures.
All told, the Dow declined by 0.8%, the S&P fell 1.1% to below the key 1,800 psychological level, and the Nasdaq and Russell 2000 each dropped by about 1.5%. In today's Trader's Advantage, I'm canceling one unfilled buy order, I'm raising the target on our crude-oil play, and I'll update you on the rest of our current positions.Continue Reading »
December 10, 2013
The major averages trended lower throughout the session, but finished with relatively small losses on the day. The Dow Jones and S&P 500 closed down 0.3% each, the Nasdaq finished lower by just 0.2% and the Russell 2000 lagged with a loss of 0.9%.
Eight of 10 sectors ended lower, while consumer discretionary and materials edged slightly higher. In today's issue of Trader's Advantage, we were stopped out of one position, we'll take a look at another recommendation that has yet to fill and I'll review the rest of our current trades.Continue Reading »
December 9, 2013
Stocks yawned slightly higher in a very, very quiet session unmarred by much new information either from government reports on the economy or from companies. The question of whether the Federal Reserve will begin to wind down the asset-purchasing program known as quantitative easing at its next meeting later this month has garnered most of the attention.
As you may know, my expectation is that the Fed governors will not feel as if they have seen enough improvement in the data on the economy's heartbeat to decide. The jobs picture may be brightening, but one or two months do not make a trend, and many other major soundings of late on the service economy and from housing have been disappointing.
In today's issue of Trader's Advantage, we'll take a look at economists' varying expectations for when the Fed will begin to taper its asset purchases, I'm adding one new recommendation that I believe will be one of the best stocks in 2014 and we'll review some changes to the rest of our current positions.Continue Reading »
Will you continue to invest in equities into the new year even as the major indexes make new all-time highs?
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