August 27, 2014
Stocks closed just about flat in mixed trading on Wednesday, with telecom and utilities outperforming while financials and energy lagged. The bond market saw further rotation into Treasuries today, causing the 10-year Treasury yield to slip further to 2.36%.
In today's Trader's Advantage, I'll update you on our current trades, several of which did quite well in Wednesday trading. I'm raising my second profit target on one of them, and I'll share my latest take on the rest of our Buy List as well.Continue Reading »
August 26, 2014
The bulls weren't going to rest without a close above 2,000 for the S&P 500. Buoyed by a better-than-expected consumer confidence reading for August (92.4 versus the 88.3 consensus), the broader market reveled in the 11th positive session in the past 12.
As August winds down, I think there are still short-term bullish opportunities to be had ahead of the September seasonal slump, and I brought you one today earlier in the session. I give you my target for that new trade, along with a review of our other positions.Continue Reading »
August 25, 2014
Stocks finished higher but off their best levels today in a quiet, low-volume, low-volatility, summer day kind of session. The S&P 500 briefly rose above 2,000 for the first time -- cue the trumpets -- before slipping back into the 1990s.
We took advantage of the surge by selling our SPDR Dow Jones Industrials (DIA) calls for a 61% profit and our SPDR Industrials (XLI) common for a 5.9% profit. It's great when a plan comes together. And we've got more to come.Continue Reading »
With the markets trading near all-time highs, where do you think the S&P 500 will be at the end of the year?
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