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Wednesday, January 28, 2015

Facebook – Why I Went Long Again

Two weeks ago, on a day when Facebook (Nasdaq: FB) was dropping by more than $2 to around $74.30 a share, I took a new long position. Warren Buffett is known for advising amateur investors to buy when the blood is on the street, and that’s exactly what I did, but for more reason than the blood alone. There are two other good reasons I see further upside for Facebook in the offing and am still long today, despite the share move to over $78. See the Facebook report here.

DISCLOSURE: Mr. Kaminis is long FB. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Apple Quells Market Fear of Currency Exposure

Just a day after the SPDR S&P 500 (NYSE: SPY) fell by 1.3% on currency impact fear generated by the reports of Caterpillar (NYSE: CAT) and Microsoft (Nasdaq: MSFT), the stellar report of Apple (Nasdaq: AAPL) and news from Boeing (NYSE: BA) had the SPY up sharply. The market was sent into a tizzy Monday after the currency-dirtied EPS reports of Caterpillar (NYSE: CAT), Microsoft (Nasdaq: MSFT), 3M (NYSE: MMM) and others. Suddenly, what should have been expected given the sharp gains of the dollar this past quarter was shocking the entire market. The Dow Jones Industrials took an even bigger hit than the S&P 500 thanks to the multinational exposure of its components; the SPDR Dow Jones Index (NYSE: DIA) was down 1.65% yesterday. The PowerShares QQQ (Nasdaq: QQQ) was off by 2.6% thanks to Microsoft. Needless to say, given Apple’s influence, it’ll be up significantly today. See the market report here.

DISCLOSURE: Mr. Kaminis is long AAPL. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Friday, January 16, 2015

Today's Trading - Why the 200-Day Moving Average Matters Near-Term

Friday’s trading will likely be hampered early by relatively weak economic data and more bad news from corporate America, namely Intel (Nasdaq: INTC) and Goldman Sachs (NYSE: GS). However, investors will want to keep their eye on how we close the day and on how well 200-day moving average support holds for forward direction for the rest of this month. Unfortunately, we still have the European Central Bank meeting and the Greek vote to worry about, so that underlying risk aversion should hold through January. That means that what has worked, namely gold as we suggested at the start of the year, should continue to work. What has failed so far, high-beta and momentum stocks and energy, threatens to continue to fail over the near-term. See my report on the market here.

Security
01-16-15
YTD
SPDR S&P 500 (NYSE: SPY)
-0.9%
-3.2%
SPDR Dow Jones (NYSE: DIA)
-0.6%
-2.7%
PowerShares QQQ (Nasdaq: QQQ)
-1.3%
-3.2%
SPDR Gold Shares (NYSE: GLD)
+2.5%
+6.0%
iPath S&P Crude Oil (NYSE: OIL)
-5.1%
-14.2%
PIMCO Total Return (Nasdaq: BOND)
+0.5%
+1.6%
PowerShares DB US $ Bullish (NYSE: UUP)
+0.3%
+1.2%
iPath S&P VIX ST Futures (NYSE: VXX)
+2.9%
+16.6%

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