Daily Issues

Poor Q1 Earnings Slap Market Back to Reality

May 11, 2016

Stocks have given up most of Tuesday's big gains today as investors reacted negatively to Q1 earnings disappointments from major national retailers like Macy's (M) and media giant Disney (DIS).

Crude oil and gold were higher, however, and utilities and energy producers led the gainers' list, while cyclicals and health care fared the worst.

In today's Trader's Advantage, we'll review some short-term earnings trades and then go over all of our current positions.

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Materials and Industrials Back in Favor

May 10, 2016

Stocks were higher on Tuesday, led by groups that were beaten up yesterday -- including materials and industrials. Health care and utilities were up but lagged.

The U.S. dollar extended its recent strength versus the yen, and Treasuries were flat, as was gold. Meanwhile, crude oil reversed its recent losses by gaining 2.8%, pushing energy stocks higher in tandem.

In today's Trader's Advantage, I'm lifting several stops on current trades and adding two new ones to our Buy List.

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China and Brazil Drama Keeps a Lid on Gains

May 9, 2016

Stocks groaned and moaned and huffed and puffed on Monday, but ultimately curled up on the floor like a tired old dog and took a nap. Trading volume was among the lowest of the year, and sentiment was pretty flat.

U.S. Treasurys were stronger across the board, however, as was the dollar. Both were a problem for gold (which fell 2.2%) and crude oil (which sank 3.2%). Commodity weakness was, in fact, the biggest story in an almost news-free session, with most of the blame going to that convenient villain, China. Not helping matters was another confusing turn in the politics of one of the biggest commodity-producing countries in the world, Brazil.

In today's Trader's Advantage, I'll explain why bears may soon press their advantage harder, and which stocks look to be the biggest losers and winners in the near term. Then we'll look at our current positions. We were able to take a quick 25% profit on the first half of a call position, and started a new stock position.

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Which of the following sectors of the market do you think will outperform for the balance of 2015?

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