Headlines & Special Reports

Sell In May? DIA, QQQ, SPY, IWM

Sell in may and go away is a popular catch phrase for media headlines at the beginning of summer almost every year, but before you do that it is important to understand relative valuation for the broader markets.  Our focus here is on the Dow Jones industrial average, which is represented by the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA), but these observations largely roll over to the S&P 500, whose ETF is SPDR S&P 500 ETF Trust (NYSEARCA:SPY), the NASDAQ and PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), and the Russell 2000 iShares Russell 2000 Index (ETF) (NYSEARCA:IWM).

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Short Wynn Resorts, Limited (NASDAQ:WYNN) Maintained

Our Short was issued on Wynn Resorts, Limited (NASDAQ:WYNN) when the stock was trading near $99.00 and although the stock is up today, we maintain that position because our downside price target has not been reached.  Our recommendation was issued through Reuters, First Call, Zacks Institutional Research, and of course to our clients specifically (subscribe).  .

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Tesla Motors Inc (NASDAQ:TSLA) Short Still in Play at Stock Traders Daily

Stock Traders Daily issued a short recommendation on Tesla Motors Inc (NASDAQ:TSLA) when the stock was near $254.  This short recommendation was issued through Reuters, First Call, Zacks Institutional Research, and to subscribers of Stock Traders Daily specifically (subscribe).  Shares of Tesla have since declined by approximately $14.00, but our price target is meaningfully lower than that so we are maintaining our recommendation and persons engaged in the short side of this trade from our levels should maintain their position according to our observations.

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Update: Apple Inc. (NASDAQ:AAPL) Short

Our short recommendation on Apple Inc. (NASDAQ:AAPL) is working nicely and we suggest that traders maintain their short positions.  Reuters also has confirmed to us that we were the only analyst on the street with a short recommendation, only a few had sell or hold recommendations, and almost everyone had buy recommendation on the stock, which goes to show just how surprised almost everyone was at this horrible earnings miss, but we were not bearish on AAPL when t was much lower earlier this year. 

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Should the FOMC Raise Interest Rates?

The FOMC has two primary responsibilities, to Foster full employment and to keep inflation at a moderate pace, but there is no additional responsibility defining direct reactions to either financial markets or investors.  Of course, in the effort of attempting to satisfy the mandates appointed to it the FOMC must understand financial markets, they must recognize the risks that financial markets recognize, but reacting to the whim of Wall Street is not something that the FOMC should ever do.

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