May 27, 2015
Stocks recouped much of the prior session's losses on Wednesday amid positive M&A activity -- namely, news that Avago Technologies (AVGO) is looking to buy competitor Broadcom (BRCM). BRCM gained 21.8% on the news, while AVGO enjoyed a 7.8% gain. There were some worrisome headlines surrounding Greece, with conflicting reports as to whether a deal with the country's creditors is soon to be reached.
Energy was the only group to decline today, thanks to lower crude-oil prices, while tech and health care outperformed. In today's Trader's Advantage, I have two new buys, I'm canceling an unfilled buy order and I'm revising a few stops higher.Continue Reading »
May 26, 2015
Stocks bucked a historical trend to trade in the green the day after the U.S. Memorial Day holiday, as they declined sharply today despite a round of mostly positive economic data, a rally in the U.S. dollar and some M&A activity. All sectors traded in the red, with energy and tech leading the way down. Crude oil and gold were both sharply lower, while Treasuries were higher.
Two of our plays were caught in today's crossfire, but the dip also allowed us to get positioned in two stocks we've been targeting for a while.Continue Reading »
May 22, 2015
The stock market apparently decided to enter the summer doldrums early, with the S&P down 5 points in quiet pre-Memorial Day trading. That cut the weekly gain of the broad market index to just 0.2%.
In fact, the S&P 500 was up just 0.5% over the past 10 days, and actually most of that happened a week ago. In sync with that sort of flat-lining of returns, the S&P 500 Volatility Index (VIX) has fallen 5% in slow motion, sort of like the ebbing of a tide. In today's Trader's Advantage, I'm adjusting several trade orders for the holiday-shortened week ahead.Continue Reading »
Which of the following sectors of the market do you think will outperform for the balance of 2015?
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