Nicholas Vardy
My New No. 1 China Internet Play
After a rip-roaring April, financial markets sold off sharply last week. The S&P 500 fell 1.7%, the Nasdaq dipped 1.6% and the MSCI Emerging Markets Index dropped by 3.5%. As many of your positions have breached downside technical levels, I have moved most of them to a HOLD. But it was the sudden drop in […]
Global Markets Wobble
The euphoria over the killing of Osama Bin Laden notwithstanding, global financial markets pulled back sharply over the past two days. The traditional advice has been to “sell in May and go away,” as we head into a seasonally weak part of the year. Seasonal weakness notwithstanding, I believe that the general bias of the […]
Locking in Gains in Cognizant Technology Group (CTSH)
Global stock markets ended on a high note in April. And they are likely to get at least a short-term boost from news of Osama bin Laden’s death. The S&P 500 has risen in eight out of the past nine sessions and now stands at levels last seen in the middle of 2008. Technology has […]
Booking 52.17% Profits in Millicom International (MICC) Options in Just Three Days!
The S&P 500 broke through a key resistance level of 1,340 on Monday, closing at 1,355. This bodes well for further upside in the U.S. market in the weeks ahead. Meanwhile, the Millicom International (MICC) options that you bought on Monday are already up 52.17%. As you may know, the general rule of thumb in […]
“Risk on” and Record Highs
It was a “risk on” week in global financial markets. The S&P 500 broke through a key resistance level of 1,344 yesterday, hitting multi-year highs. But as we noted earlier, emerging market stocks had already broken out to the upside a few weeks ago. So, the decision to re-enter many of your watch list holdings […]
Betting on “the Indiana Jones” of the Cell Phone World
Last week was a solid one, even though it was shortened by the holiday, with the Nasdaq advancing 2%, the S&P 500 rising 1.3% and the NYSE climbing 1.2%. Your positions in the Bull Market Alert portfolio did even better, with Sina Corp. (SINA) leading the charge and closing the week with 7.58% gains. You […]