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What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs.

Mid-cap Growth led the style/caps last week, up 2.87%, and Small-cap Growth trailed, up 2.22%. This week will bring well over 100 S&P 500 stocks reporting their March quarter earnings.  AMD, Hal and KMB highlighted yesterday’s earnings reports. Those reports were supplemented by a stronger than expected Leading Economic Indicators report yesterday morning.

After yesterday’s close, Netflix reported an earnings beat and the stock was up nearly 8% after hours; however, McDonald's (MCD) trailed estimates on slumping U.S. Sales. In addition to earnings reports, chain store sales, existing home sales, building permits, new home sales, jobless claims, and durable goods will round out the busy week and likely determine the market’s direction.

Treasuries were flat despite a robust market, so a continued rally is not assured.  Our forward 30-90 day sector outlook favors Technology and Healthcare, but there is still a little fear with Utilities third.  We continue to find undervalued growth stocks for you to consider during this earnings season.

Market Stats

3 Stock Ideas for this Market

The following stocks were selected from the top of our stock universe with great earnings growth projections, reasonable valuations and recent upward revisions to earnings estimates.

Valero Energy Corporation (VLO) –Energy

  • Trading for 11x current earnings and 9x forward earnings estimates
  • Analysts have revised earnings estimates up in the last 7 days
  • 99% projected EPS growth next quarter, 35% in 2014, 13% 5-year
  • Reports Earnings April 29

KapStone Paper and Packaging Corporation (KS)—Basic Materials

  • Trading for 20x current earnings and 10x forward earnings estimates


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Sector Detector: Rejuvenated market seeks follow-through, but earnings loom large

Courtesy of Sabrient Systems and Gradient Analytics

Scott MartindaleAs I suspected it might, the stock market bounced strongly last week. Weakness the prior week was due in part to traders exiting positions for vacation during the holiday-shortened week, protecting big capital gains, cashing out to pay taxes on capital gains, and “delta hedging” on put options. However, I’m not convinced that the pullback was sufficient to create the great buying opportunity — but it was sure a tradable bounce.

Among the ten U.S. business sectors, the big winner last week was Energy, which was up about +4.5%. Also, Financial and Industrial were each up about +3%. Defensive sector Utilities still stands alone as the year-to-date leader, up about +11%, while Energy’s strong performance last week has it in second place, up about +5% YTD. Healthcare has been the big loser as it has fallen from the penthouse to the outhouse since the beginning of March, led by the big selloff in momentum favorites from biotech and biopharma.

Wringing out some of the excesses has been healthy for the market overall. I expect that at this stage of the bull run, particularly with the Federal Reserve methodically tapering its liquidity injections, the higher-quality stocks with reasonable forward valuations that were sold off by the momentum traders will recover quickly while the lower-quality speculative stocks that surfed the wave of speculator euphoria will be left behind in a general flight to quality.

Many market commentators are warning of a similar “jobless recovery” as we saw in the 1990s. They lament the sky-high profit margins (that are likely to revert to the mean), growing income inequality, and the predominance of low-paying or part-time jobs among our anemic job growth. Moreover, most new investment and M&A in today’s high-tech society are in intellectual property or capital-intensive (rather than labor-intensive) business – whether new drilling technologies for the energy industry or Facebook’s $19 billion acquisition of WhatsApp (with all of 55 employees).

Thus, many are directing investors’ attention to emerging markets. The MSCI Emerging Markets Index is trading at a forward P/E of around 10.5x, compared with 15.5x for the S&P 500 — the biggest discount since 2006. Moreover, some of the key emerging market currencies appear severely undervalued, and there’s the potential for significant economic reforms following upcoming elections in many of the key emerging market countries.


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What the Market Wants: Positive News and Stocks at Bargain Prices

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine. 

But once again, positive economic trumped the beating of the war drums. Retail Sales jumped up 1.1% over a projected 0.8% and last month’s tepid 0.3%, which was revised up to 0.7%.  While autos led, sales were up solidly overall.  Business inventories were about as expected with a positive tone.  Citigroup (C) handily beat estimates to add to the morning’s surprises.  As a result, the market was positive through most of the day, led by the DJI, up 0.91%, and the S&P 500, up 0.82%.  NASDAQ had a less robust day in part due to the continued sell-off in the biotechnology industry late in the day.  The NASDAQ ended up 0.57%.

Joining Utilities, two sectors moved into or near positive territory for the month: Energy and Non-Cyclical Consumer Goods and Services. While Non-Cyclicals isn’t exclusively iShares IYK, raw sector data moved it into the black (see market stats). Our 30- to 90-day sector outlook still favors Technology with Healthcare and Utilities still reflecting the flight-to-safety. 

Market Stats

There will be plenty of additional economic data over the remainder of the week: Consumer Price Index tomorrow, NAHB Housing Market data, Building Permits, Industrial Output, Initial Jobless Claims and Philly Fed data. A veritable flood of earnings releases will round out the week taking us into the three-day holiday weekend.  Undoubtedly, the Ukraine situation could help the market if tensions ease or hamper them should violent conflict increase.

Now that the market is well off its highs, this week offers a great opportunity to grab bargains and watch for positive surprises in well-priced stocks.  The VIX related derivatives continue to provide opportunity for short term hedging.

3 Stock Ideas for this Market

The following stocks were selected from the top of our stock universe with great earnings growth projections, reasonable valuations and recent upward revisions to earnings estimates.

Emerge Energy Services LP (EMES) –Energy

  • Trading for 76x current earnings and 14x forward earnings estimates
  • Analysts have revised earnings estimates up in the last 7 days
  • 5.8% dividend yield
  • 325% projected EPS growth next quarter,


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Sector Detector: Fast and furious selloff provides important market cleansing

Courtesy of Sabrient Systems and Gradient Analytics

Scott MartindaleThe sudden bearish turn last week in the market — after hitting new highs the prior week — has come fast and furious as selloffs are wont to do. And the pullback might have further still to go. But there are several reasons to expect a stabilization or bounce during this holiday-shortened week, and in any case I still expect that it eventually will turn out to be a great buying opportunity leading to higher prices later in the year. The major indexes are at or near round-number support levels, including NASDAQ at 4,000, Dow Jones Industrials at 16,000, S&P 500 at 1,800, and Russell 2000 at 1,100. And from a technical standpoint, despite violating support at the 50-day simple moving average, the S&P 500 remains well within the bounds of its long-standing bullish rising channel.

Among the ten U.S. business sectors, defensive sector Utilities stands alone as the year-to-date leader, up about +9% and hitting a new intraday high on Thursday. Healthcare had been keeping up for a while, but it has fallen back into the pack with the big selloff in biotech and biopharma.

No doubt, investors have been protecting capital, and there has been a rotation into the blue chips as the momentum darlings have been slaughtered. Experienced traders know that, although the glamour stocks can outperform value stocks over short periods of time, history shows that ultimately the tortoise beats the hare, i.e., value wins out.  As such, I would not suggest jumping back into stocks like Netflix (NFLX) or 3D Systems (DDD) that have poor earnings quality and still display high forward valuations even after their massive selloffs.

So, yes, a market cleansing like this is both important and inevitable. However, as I observed last week, the market will often throw out the proverbial baby with the bathwater, which is a boon for savvy investors. For example, Sabrient favorites Jazz Pharmaceuticals (JAZZ) and Actavis plc (ACT) remain fundamentally sound, and their previously fair valuation is now even much more attractive.

Although we will likely see positive returns in the U.S. market, many market commentators are predicting those returns to be modest in the U.S. and other developed economies this year, but better for emerging markets and potentially outstanding for frontier markets. Indeed, the IMF reported at their meeting on Saturday that…
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What the Market Wants: Market Conundrum

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

What can we say after yet another sharp sell-off?  Since last Friday’s open, the S&P 500 has fallen nearly 3%, the Nasdaq has fallen more than 4.3% and the Russell 2000 has fallen more than 3%. We might argue that the S&P 500 held slightly above its 50-day moving average, after falling below it.  Or that the Nasdaq didn’t, and it is well below the 50 day moving average and only about 4% above its 200 day moving average.  Perhaps, it would cooler to remind you that the style/cap down last week was Small-cap Growth, off only 0.46% or that Mid-cap Value was up 1.18% on the week to lead the cap/styles (see market stats). Is the glass half full or half empty?

Market Stats

Frankly, it could be either. I have read compelling arguments for both this weekend. The fact is that we just don’t know.  Year-to-date, all major markets are down with the S&P 500 doing the best, down only 0.2%. The DJI, NASDAQ and Russell 2000 are all off around 2% or a bit worse.  Does the economy look 2% worse than it did at 2013’s end?  Domestically, globally, or universally? That’s probably a stretch with political progress domestically.  But in turn, one could argue that the market was overvalued by 5% to 10% at year end.

It is a conundrum, but where else shall we put our money?  All sectors were down today as well as Friday, except for Utilities. But do we really want to put our equities in Utilities with the likelihood of a rising 10-year treasury yield over the next year or so?  Housing prices are up a bit, but if so, then one should expect the economy to grow.

I hate to sound like a broken record but since February of 2009, undervalued growth stocks have been the best choice for most of us, and I would argue that it still is. It just isn’t that hard to find a few dozen stocks that carry very reasonable forward PE’s and are destined to grow their earnings over the next…
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Sector Detector: Rankings take a bearish turn as the flight to safety solidifies

Courtesy of Sabrient Systems and Gradient Analytics

Scott MartindaleAlthough the large caps set new highs early on Friday, small caps and NASDAQ have not come close to their prior highs. Friday closed with extreme weakness across the board, and it was on high volume. The technical picture and our fundamentals-based sector rankings have both taken a bearish turn, so we might see more weakness ahead. But longer term, I expect higher prices, so an extended pullback likely will turn into a good buying opportunity. In any case, the rotation from speculative stocks into higher quality companies should continue, so it’s best not rush back into the lower quality speculative stocks on this selloff.

Indeed, the momentum darlings from biotech, internet, and social media have taken a severe hit. And many of the highly popular but lower quality/overvalued stocks like Netflix (NFLX) and Tesla Motors (TSLA) have been taken out to the wood shed. During cleansing periods like this, however, the market will often throw the proverbial baby out with the bathwater. Sabrient favorite Jazz Pharmaceuticals (JAZZ) is an example. It is still in great shape fundamentally, but it is either guilty by association (with biotech) or the momentum traders (weak hands) are protecting their fabulous profits, or both. Whatever the reason, longer-term investors are getting a new chance to scoop up at reduced prices high quality companies like JAZZ that had become momentum favorites.

Among the ten U.S. business sectors, Utilities has solidified its position as the year-to-date leader, up +8.2% and hitting a new intraday high on Friday and closing very near its all-time closing high.

Examining ETF money flows, the first two months of Q1 saw positive inflows for fixed income funds and negative for equity funds. Even during the big rally in stocks during February, capital did not rotate out of bonds as one might have expected. But then March saw a reversal, led by traditionally bullish sectors Financial, Technology, and Basic Materials, even though the major indexes did not advance. Of course, last week was a different story as equity funds bled redemptions. So, in retrospect, one might wonder whether February actually a bull trap.

From the standpoint of fundamental strength, the U.S. economy is strong enough to tolerate rising interest rates, but most other countries are not. Japan is implementing quant easing and Europe will soon see it, too.…
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What the Market Wants: Where are Valuations Now?

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Today’s market was strong with lots of volume to open the week and close the quarter.  The strongest index of the day was the Russell 2000, up 1.8%, followed by the S&P 500, up 0.8%, and the NASDAQ, up 0.7%.  NYSE volume was a strong 810 million.  The S&P 500 squeaked out a narrow 0.7% gain for the month, which is better than the NASDAQ’s 2.5% drop and the Russell 2000’s 1% drop.  The biotechnology ETF, IBB, delivered an exceptionally strong performance, up 3.1% for the day after a dreadful month.  The quarter was led by the S&P 500, up 1.4%, with the Russell 2000 up 1.0% and the NASDAQ up 0.8%.

To what do we credit such strong close to a relatively flat month where strong openings were typically followed by very weak closes?  Last week, despite many good starts, only Large-cap Value ended the week positive, gaining 0.16%; Small-cap Growth dropped a nasty 4.28%.  President Putin’s call to President Obama gave hope for a diplomatic settlement to the Ukrainian issue.  Or, one could argue that Fed Chairman Yellen’s remarks that the Fed remains short of its employment and inflation targets created a feeling that the Fed might taper a bit more slowly, charging today’s market.  Of course, EOQ window dressing might have been the real trump card.  Regardless, we are once again nearing various index highs with the strength from today’s rally.

Reaching new highs might once again raise the issue of valuation in Q2.  We completed our quarterly analysis of Sabrient GARP ratios (growth at a reasonable price) to measure valuation.  You might recall that the Sabrient top 300 GARP stocks reached a historic low in February 2009, as did Sabrient’s 1000 best GARP stocks.  The indices are composed of a nearly 2500 stock universe that includes all publicly held domestic companies that have at least three IBES analysts following them. 

The forward P/E of the Sabrient 300 averaged the historically low figure of 6.46 on March 6 of 2009.  By May of 2011, it had reached a high of 9.37 before the summer pull back in 2011.  By early 2012, it had risen again to nearly 10 with an average of 9.44.  Once again, it fell back reaching 7.75 in the summer of 2012.  From that low, the resulting strong market drove it to…
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Sector Detector: Caution flag stays out as stocks continue their consolidation

Courtesy of Sabrient Systems and Gradient Analytics

Scott MartindaleAs Q1 of 2014 comes to an end, we can see that January was extremely weak, February gained it all back, and March treaded water. At this point, as we head into what has been the strongest month of the year over the past 20 years, signals are mixed, with a steadily recovering economy and bullish fundamental indicators mixed with neutral technical and some bearish sentiment indicators.

Most of the ETF inflows in Q1 have been into bond funds rather than rotating out of bonds and into equities, as has been expected given a recovering economy and Fed tapering. So, rather than seeing rising interesting rates, Treasury yields have come down, with the 10-year yield closing Friday at 2.72% (versus a 52-week high of 3.06% and 52-week low of 1.62%). Also, gold has made something of a comeback this year, up over +7% YTD. With the fed funds rate due to increase no sooner than six months after tapering is complete, we should see short-term rates remain low until around mid-2015.

There has been a notable selloff recently in many of the momentum stocks. This has been expected for some time, as the high equity correlations and “all boats lifted in a rising tide” mentality of 2013 transitions into a more thoughtful stock-picking environment, which should lead more investment capital into the higher quality companies and less into the speculative darlings. Also, the Russell 2000 small caps took a -3.5% hit last week. On the other hand, stocks in China and emerging markets have been trying to bounce after a miserable stretch. iShares China Large Cap (FXI) recently broke above its 50-day moving average, and the iShares MSCI Emerging Markets (EEM) is back above both its 50- and 200-day moving averages.

Among the ten U.S. business sectors, Among the ten U.S. business sectors, Energy was the big winner last week, up more than +2%. Utilities is still the leader year-to-date (+7.5%), followed by Healthcare (+4%). This is similar to what happened during Q1 of 2013.

When long-term rates finally begin to rise and the yield curve steepens, the Financial sector should prove to be a beneficiary. Notably, the securities industry paid $26.7 billion in bonuses during 2013, which was the highest since 2008. However, 904 hedge funds closed their doors during 2013, many of them long/short…
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Sector Detector: Doomsayers help keep bull market alive and well

Courtesy of Sabrient Systems and Gradient Analytics

Scott MartindaleBulls continue to climb their wall of worry, as uncertainty from the latest “bricks in the wall” created by Russia in Crimea, slowing growth in China, and Fed tapering fades into the mosaic. Thus, stocks continued their relentless climb last week, hitting yet another new intraday high — but notably not a new closing high — while global IPO volumes for 2014 hit $38 billion year-to-date (which is about double last year’s level), and the Federal Reserve’s balance sheet expanded to a new all-time high. Cautious optimism among investors is the prevailing sentiment, as opposed to the levels of extremes proclaimed by growing chorus of negativity. In fact, it seems that the doomsayers are helping keep the bull market from getting out of control — and keeping it healthy, too.

Comments following the FOMC meeting last Wednesday about its expectations for economic growth and forward guidance on its flexibility to react to economic data regarding interest rates caused some consternation, but then the Fed announced that 29 of 30 banks passed the annual U.S. bank stress test, which was well received. Nevertheless, global investors continue to buy U.S. Treasuries as other countries like China and Japan seek to depress their currencies relative to the dollar. The 10-year yield closed Friday at 2.75% (versus a 52-week high of 3.06% and 52-week low of 1.62%).

Among the ten U.S. business sectors, Telecom, Financial, and Technology were each up more than 2% last week. Utilities is still the leader year-to-date, followed by Healthcare, and these were the first quarter leaders last year, as well. However, Utility stocks are often considered to be substitutes for bonds by income-seeking investors, so any hint of rising interest rates hits this sector, as we saw last week. After showing impressive strength the prior week, the Utilities sector was hit particularly hard on Wednesday and may be forming a bearish double-top on its chart.

Of course, with valuation multiples continuing to climb, the bearish voices are growing louder, with the inevitable comparisons to previous periods of extreme optimism and irrational exuberance. The average P/E for the S&P 500 is now 16.5x on a 12-month trailing basis and around 15.5x on a forward-basis (based on Wall Street consensus estimates, which many consider overly optimistic even after recent downward revisions). However, it seems to me that there…
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What the Market Wants: Risk On? 3 Growth Stocks at Bargain Prices

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Today was another surprise Monday.  Short sellers who thought a rough weekend in Ukraine might stir up the war drums again were wrong.  In addition, China took several steps to boost its economy, and the domestic economic reports were fairly positive.  As a result, the shorts capitulated at the opening and risk was on.  The day ended led by the DJI (every stock was positive!), up more than 1%, with the S&P 500 up nearly 1% and the NASDAQ up about 0.8%.  All sectors rose, led by the normal risk-on leaders, Technology and Industrials, both up +1.3%.  Financials were up 1.0%, and Healthcare was up 0.9%.  While Utilities were favored last week, it trailed all sectors, up 0.6%. 

It isn’t that there was a lot of positive news from the Crimean secession referendum, but rather that it passed by a resounding 95% without military action or rioting.  The U.S. and Western Europe grumbled about legality and possible sanctions, although only relatively minor ones were thrown on the table today.

The crisis is hardly over.  Putin could escalate against Ukraine but hasn’t yet. Sanctions could get worse, but they haven’t yet.  There are many issues of infrastructure support for Crimea.  But it is possible that the parties to the crisis could agree that maybe everyone could get what they want without too many dramatics to restore the severe crisis atmosphere. Probably not very likely, but at least for today, the shorts have miscalculated.

China’s new urbanization plan stabilized Chinese economic worries as did daily trading Yuan’s rise from 1% to 2%, which should assist Chinese exporters. China’s market liked what it saw, at least today, with the Shanghai market up almost 1%.  European markets all rose more than 1% except the FTSE 100 which rose 0.61%.

Meanwhile here at home, Industrial Production surprised coming in at +0.6%, much better than expectation of 0.1% and last month’s dreadful -0.3%.  The NY Empire Manufacturing Index also rose to 5.6, better than the expected 5.4 and better than last month’s 4.48.

So a good day for the bulls after last…
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Phil's Favorites

China Manufacturing Output and New Orders Contract Once Again

Courtesy of Mish.

Chinese manufacturing remains in contraction for 2014. Output and new orders were down for the 4th consecutive month, but at a slightly reduced pace according to the HSBC Flash China Manufacturing PMI.



Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co - Head of Asian Economic Research at HSBC said:

“The HSBC Flash China Manufacturing PMI stabilised at 48.3 in April, up from 48.0 in March. Domestic demand showed mild improvement and deflationary pressures eased, but downside risks to growth are still evident...



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Insider Scoop

Delhaize Group Announces Sale of Bosnian & Herzegovinian Stores

Courtesy of Benzinga.

Related DEG Why Companhia Brasileira de Distribuicao (CBD) Has A Bright Short-Term Future? - Tale of the Tape The Fresh Market (TFM) in Focus: Stock Moves 6.7% Higher - Tale of the Tape

Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announces that it has signed an agreement with Tropic Group B.V. on the sale of its Bosnian & Herzegovinian stores.

Delhaize Group has signed an agreement with Tropic Group B.V., to divest all of its 39 Bo...



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Zero Hedge

Eyeing Pipeline, Russia Forgives North Korean Debt

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Zachary Zeck via The Diplomat,

On Friday Russia’s parliament voted to write off roughly 90 percent of North Korea’s debt as Moscow seeks to build a gas pipeline through the Hermit Kingdom.

This weekend Reuters reported that Russia’s Duma voted to write off roughly $10 billion worth of the debt that North Korea owes Moscow from the days of the Soviet Union. The vote ratified an agreement made in September 2012, after a meeting between th...



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Chart School

STTG Market Recap April 22, 2014

Courtesy of Blain.

We continue in this "V shaped" move off last week's touch of the 200 day moving average on the NASDAQ.  The S&P 500 gained 0.41% and the NASDAQ 0.97%.  The indexes are nearing overbought near term so a day or two of rest would serve the bulls well to try to attempt a new leg higher.  In economic news existing home sales hit 4.59 million in March, versus a 4.55 million estimate.

In terms of the indexes the S&P 500 stalled at the trend line that connected the lows of summer 2013; some congestion lies ahead at year highs.

The NASDAQ has come back from deeply oversold conditions as this index is heavy with biotech and momentum stocks.  The dotted blue line is the previous high; since early March we have not seen the NASDAQ make...



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Market Shadows

Soy Numero Uno

Soy Numero Uno

By Paul Price of Market Shadows

Bunge Limited (BG) is the world’s largest processor of soybeans. It is also a major producer of vegetable oils, fertilizer, sugar and bioenergy.

When commodities got hot in 2007-08, Bunge’s EPS shot up and the stock followed, rising 185% in 19 months.

The Great Recession took its toll on operations, dropping EPS to a low of $2.22 in 2009.  Since then profits have recovered.  They ranged from $4.62 - $5.90 in the latest three years. 2014 appears poised for a large increase. Consensus views from multiple sources see BG earning $7.04 - $7.10 this year and then $7.83 - $7.94 in 2015.

...



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Option Review

Casino Stocks LVS, WYNN On The Run Ahead of Earnings

Shares in Las Vegas Sands Corp. (Ticker: LVS) are up sharply today, gaining as much as 5.7% to touch $80.12 and the highest level since April 4th, mirroring gains in shares of resort casino operator Wynn Resorts Ltd. (Ticker: WYNN). The move in Wynn shares appears, at least in part, to follow a big increase in target price from analysts at CLSA who upped their target on the ‘buy’ rated stock to $350 from $250 a share. CLSA also has a ‘buy’ rating on Las Vegas Sands with a $100 price target according to a note from reporter, Janet Freund, on Bloomberg. Both companies are scheduled to report first-quarter earnings after the closing bell on Thursday.

...

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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Sabrient

What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs.

Mid-cap Growth led the style/caps last week, up 2.87%, and Small-cap Growth trailed, up 2.22%. This week will bring well over 100 S&P 500 stocks reporting their March quarter earn...



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OpTrader

Swing trading portfolio - Week of April 21st, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's this week's Stock World Weekly. Click here and sign in with your PSW user name and password, or sign up for a free trial.

...

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Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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Pharmboy

Here We Go Again - Pharma & Biotechs 2014

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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