Hotlines
Fed’s Statement is Slightly Hawkish at Best
The Fed issued its statement today and left the rates unchanged with no direct hint about an imminent hike in September or in the future. The only real changes in the statement came with the addition of wording that “near-term risks to the economic outlook have diminished,” while one Fed official actually favored a rate […]
Special Alert: Sell This Oil Position for 30% gains
Sell the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), which last traded at $107.28. Watch for our normal weekly ETF Trader’s Edge hotline after the Fed meeting’s statement is issued today at about 2:00 p.m. EDT. Sincerely, Doug and Tom
It’s All about the Benjamins
During the last several weeks, the dollar has quietly but meaningfully crept higher. As of this writing, the U.S. Dollar Index has broken above its recent trading range and boosted its 200-day average. We believe this advance is important because of the dollar’s role in commodity pricing, in corporate earnings and in serving as a […]
Reaching a Breaking Point
Over the course of the past two weeks, we have seen the S&P rally 8%. And in the last three weeks, bond yields have moved from about 1.7% to a low of 1.31%. Both of these moves seem misplaced. Technical factors have been the driver of these rallies rather than fundamental reasoning. With respect to the equities […]
Recommending Two Commodity Trades
The post-holiday trading in the markets brought about not only increased participation and volume but also some fireworks in the commodities sector. More specifically, we have seen volatility pick up to the downside in growth-sensitive commodities while upside volatility is seen in the safety commodities. While we believe these trends will persist over the longer term, […]
Wait, Not so Fast!
Since hitting the Brexit-induced closing low of 2,000.54 on Monday, the S&P 500 has managed to rally 3%, essentially halving the losses since Thursday. Small caps, on the other hand, still continue to struggle a bit and are down 50 basis points on the week. While this quick retracement has worked off some of the oversold conditions, […]
Special Alert: Brexit Happened! Sell TBT
Amid much surprise, the Brits decided to leave the European Union (EU) and weather the resulting storm. Markets are quite volatile, but the majority of our open positions are improving. So far, U.S. markets are back to the low end of the recent trading range above the 200-day moving averages for all major indexes. Our […]
Wait and See Tomorrow’s Results of the ‘Brexit’ Vote
There are few market data points that don’t get priced in prior to the data release. Generally when released, both sides of the trade are left to reconcile the grey of who is more right. With the “Brexit” vote tomorrow to let people in the United Kingdom decide whether to leave the European Union (EU), […]
Stocks Break Down
For the past two months, stocks have tried to break above their previous highs. The S&P 500 had rallied to within 1% of its high-water mark but also was unable to break out. Now the summer months have started to begin a traditionally challenging time for stocks. Economic and geopolitical news is starting to cause […]
U.S. Bonds Rise to Extreme Levels
The iShares 20+ Year Treasury Bond ETF (TLT) is trading about 1.7% from its 52-week high. After hitting this high mark in February, TLT tested its 52-week high in both April and May with the latest attempt becoming the third try. Each test has been turned back by the market and we suspect this occasion will […]
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
