Daily Issue | aug 25, 2016
Stocks mostly resumed their comatose state today amid a lack of stimulus from corporate, economic or political news.
There was a "waiting for Godot" mentality as investors await a monetary policy speech from Fed chair Janet Yellen tomorrow from a central bank hoo-ha in Wyoming tomorrow.
In today's Trader's Advantage, we'll go over two new trades and then review all of our current recommendations.
Daily Issue | aug 24, 2016
Stocks traded lower, just above worst levels, amid a disappointing report on housing data and a slide in crude oil prices due to a surprise inventory build.
Trading volume was low and apathy seems to be one of the prevailing winds, if you care, which you probably don't.
In today's Trader's Advantage, we'll do a full review of our current recommendations.
Daily Issue | aug 23, 2016
Stocks were higher Tuesday but closed off their best levels. Some inconclusive economic data, including an impressive new-home sales report and a mixed set of earnings reports, received attention.
Materials and consumer discretionary led the way higher, while consumer staples and utilities lagged. Gold was flat, and crude oil was sharply lower in the morning but recovered and ultimately moved 1% higher.
In today's Trader's Advantage, we'll look at two new recommendations and cancel two unfilled buy orders.
Daily Issue | aug 22, 2016
Stocks were back to their old tricks today, dive-bombing the unchanged line repeatedly and ending up just a bit below flat.
Utilities, health care and staples led the gainers list, which helped our positions, while energy, materials and tech were among those that finished in the red. Basically, I would call this session Risk-Off Lite.
In today's Trader's Advantage, I am recommending two new trades and canceling two unfilled orders. We'll also discuss a vexing trend for web content providers, as well as the latest happenings among our positions, one of which we closed today.