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Daily Issues

Trades Update

November 21, 2014

It was another pretty exciting week. The market started off strong on Monday and Tuesday before gapping lower on Wednesday, closing relatively flat, then was just a little higher on Thursday. Today we gapped higher on news out of Europe that the European Central Bank is closer to quantitative easing than was previously believed, and overnight there was word that the People's Bank of China had cut interest rates, moving to a much more accommodative position than investors had expected.

The only problem was that the really big move that futures made overnight, where the S&P 500 essentially jumped about 15 points in about 5 minutes -- most of that was given back during today's session. But basically I would say that we're a really good position for next week.

In today's Trader's Advantage, I'll share my future outlook for the market and review the latest action in our Buy List during this week's Markman in a Minute podcast. I also have three new buys to share, and I'm making changes to a few parameters for our current trades.

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Central Bank Heroes at Center Stage

November 20, 2014

The day's initial color was blue as investors showed a measure of sadness about new signs of global growth trouble with disappointing flash PMI data out of China and Europe. But then it was like, 'Oh well,' and stocks took off around noon ET.

There was nothing specific behind the resilience other than the overall feeling that the central banks are going to bail the world out of industrial and financial setbacks that otherwise would lead to a vale of tears. All in all, a pretty darned good day that provided a boost for our more aggressive positions.

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Trades Update

November 19, 2014

Stocks were down on Wednesday, with investors focused on two major areas of concern: the October FOMC meeting minutes, which were more hawkish than expected, and mixed U.S. housing data for October. Specifically, building permits came in above the forecast, while housing starts were light of expectations.

Telecom and tech stocks were today's biggest losers. Meanwhile, several retailers reported better-than-expected Q3 results, namely Target (TGT) and Lowe's (LOW), which pushed the consumer discretionary sector to one of the biggest gains in the S&P, second only to energy. In today's Trader's Advantage, we were able to enter two new trades in Wednesday's session; I'll share my latest recommendations for those and our other positions.

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Poll

Which of the following sectors of the market do you think will outperform for the balance of 2014?

  • Utilities
  • Energy
  • Healthcare
  • Technology
  • Financials
  • Industrials
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