Market Update: The Fed Proves Its Dovish Bias, Again 09-17-14

Perhaps even more than usual, observers eagerly awaited the Federal Open Market Committee’s policy statement, released earlier this afternoon. There was little doubt that Fed Chair Janet Yellen and her lieutenants were going to reduce QE by another $10 billion. But the key question on everyone’s mind was whether the policymakers would alter language describing their plan of action regarding interest rates. Read more about Market Update: The Fed Proves Its Dovish Bias, Again 09-17-14

Indicator Suggests Recent Selling Will Be Limited 09-10-14

Last Friday, I closed out the iShares Russell 2000 ETF (IWM) November 116 put recommendation for a roughly 9 percent gain when my S&P 500 stock indicator showed improvement, suggesting that my small-cap indicator could soon likewise improve. Indeed, as of today, my stock indicators have moved into neutral territory. Subscribers who may have missed the Friday Trade Alert and still have the option should sell to close the put.   Read more about Indicator Suggests Recent Selling Will Be Limited 09-10-14

Tough Uphill Climb Past Milestone 09-03-14

After the S&P 500 ended last week above the 2000 mark for the first time, in the first two trading sessions in this shortened week, with market participants back to their posts after the summer holiday season, U.S. stocks have not been able keep the positive momentum going. Approximately 4 stocks traded on the New York Stock Exchange are down for every 3 that are up, with the small fry underperforming yet again. It’s not a panicky rush to the exits, but I am having trouble spotting catalysts for the market to head meaningfully higher. Read more about Tough Uphill Climb Past Milestone 09-03-14

The Doves Fly At Jackson Hole 08-27-14

For the first time ever, after previously coming close several times, the S&P 500 has finally cracked the 2000 level. Emboldened by central bankers’ dovish tones in Jackson Hole last week, market participants drove the blue chip index above the milestone in intraday trading on Monday, and helped it close just above 2000 yesterday. While the significance of the achievement is more psychological than fundamental, it’s a reminder of how far the stock market has come since the dark days of the financial crisis. Read more about The Doves Fly At Jackson Hole 08-27-14

Jobs on the Jackson Hole Agenda 08-20-14

This afternoon, the Fed released the minutes from its last Federal Open Market Committee meeting, held at the end of July. The details show that “many participants noted that if convergence toward the committee’s objectives occurred more quickly than expected, it might become appropriate to begin removing monetary policy accommodation sooner than they currently anticipated.” Read more about Jobs on the Jackson Hole Agenda 08-20-14

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