William Dudley Warns on the Dollar 09-24-14

As discussed last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) kept intact the “considerable time after the asset purchase program ends” language vis-à-vis when the committee feels it will be appropriate to begin to “normalize” interest rates. Had the FOMC set a firmer guideline it would have been interpreted as a precursor to actually raising rates. However, the monetary policymakers again proved their dovish inclination. With moderate economic growth, slack in the labor market, and tame inflation, the Fed has leeway to wait to raise rates. Read more about William Dudley Warns on the Dollar 09-24-14

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

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