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.
Daily Issue | aug 19, 2016
Volatility has shrunk and stocks have skittered sideways again this week. The strange thing is that volume seems to be eroding, too. The last day we had above-average volume in the SPDR S&P 500 ETF (SPY) was July 15. That’s 25 straight days of below-average volume.
The bottom line, though, is that the low-volatility, low-volume, meandering path that the markets are now enduring does not naturally lead to chaos and loss, as the bears would have you think. They can get a little bumpy, but it’s more common for these types of conditions to result in higher prices three to six months out. We’ll note that and act accordingly.
In today's Trader's Advantage, I'll recap the day's three new exits and provide my latest recommendations for our remaining holdings.