January 20, 2021 | Daily JAM |
Gold futures on the COMEX for February delivery closed up 1.4% today, January 20, at $1866.50 an ounce. That’s the highest finished for the most active contract on the futures market since January 7. Silver for March delivery closed up 1.8% to $25.766 an ounce. All the talk about the need for a big stimulus program, bigger even than in response to the global financial crisis and the Great Recession, has sent some traders looking for inflation plays.
January 4, 2021 | Daily JAM, Jubak Picks |
Yes, the big indexes were down today, January 4, with the Standard & Poor’s 500 off 1.48% at the close; the Dow Jones Industrial Average down 1.25%; and the NASDAQ Composite lower by 1.47%. But I think we can find some clues about tomorrow’s action–and the moves over the next month or more–from taking a look at individual stocks and sectors.
December 28, 2020 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1, 2016. It runs only on JAM and won’t appear anywhere else. (Because I haven’t done one of these in a while and because there’s so much news, this might run on for a while.) For example, today at 10:20 a.m. I posted: More than 2.4 million people moved through TSA airport checkpoints this past weekend. That’s about 50% down from the number of people who went through airports in the two days after Christmas in 2019. But it’s the busiest weekend since March. More than 1.28 million people traveled Sunday, the biggest number since 1.52M people flew on March 15. Air travel hit a low of 90, 500 people flying on April 12. The CDC has advised, and state health officials have pleaded, for people to stay home for the holidays in an effort to damp the surge in coronavirus infections.Â
December 10, 2020 | Daily JAM, Volatility |
Stock have moved up so strongly that the Put Options I own in my Volatility Portfolio are no longer providing any significant downside protection against a market downturn. Especially since two of the three–the Puts on MGM Resorts International, and Vale l expire on December 18. The last Put, the one on American Airlines, expires on January 15, 2021, but I’m closing that position as well. I’m also selling my two Call Options on Barrick Gold, and the VanEck Vectors Gold Miners ETF since they also expire on December 18 and they are also so far out of the money the holding is pointless. Those Calls on gold were also added as protection against an outbreak in market volatility that never arrived.
December 1, 2020 | Daily JAM |
The Dollar Spot Index (DXY) fell by 0.7% today to the lowest level in more than two years on the biggest drop in almost four weeks.
October 27, 2020 | Daily JAM, Morning Briefing, Volatility |
What I like to see--if I'm on the long side of stocks--after a drop like yesterday when the Standard & Poor's fell 1.86% for its biggest loss in a month and the Dow Jones Industrial Average gave up 2.29%--is a bounce that speaks to investors and traders thinking...
October 13, 2020 | Daily JAM, GDX, GOLD, Volatility |
In my Special Report "Your Investment Guide for the Next 6 Dangerous Stock Market Months" I wrote "I'm pessimistic about the month before the election and for the lame duck months after it. I think there's a chance either in the United States or in Europe of some...
October 8, 2020 | Daily JAM |
Yesterday in my Special Report: "Your Investing Guide for the Next 6 Dangerous Stock Market Months" I wrote: "I'm pessimistic about the month before the election and for the lame duck months after it. I think there's a chance either in the United States or in Europe...
September 29, 2020 | Daily JAM, KCAC, Mid Term, Special Reports, Volatility |
Yikes. Does this market have enough volatility for you? And I think that volatility will only get worse over the next two to six months, I can't remember a market with so much potential to move up or down in big relatively short-term volatility as this one. Just as...
September 28, 2020 | Daily JAM, Morning Briefing |
Today, Monday, September 28, as of 1:15 p.m. New York time the Standard & Poor's 500 was up 1.60% to trade at 3352.78. Along with Friday's 1.60% gain in the index, I think that shows the market's downward momentum stalled for the moment. Only for the moment,...
September 25, 2020 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
Today looks like a strong rally but I've got my doubts. At the close the Standard & Poor's 500 was up 1.60%. The Dow Jones Industrial Average was ahead 1.34%. The technology laden NASDAQ Composite was higher by 2.26%. The NASDAQ 100, dominated by the technology...
September 24, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
Stocks moved up modestly this morning (modest considering the damage down in the last few days) with the Standard & Poor's 500 up 0.99% at 1 p.m. New York time, the Dow Jones Industrial Average ahead 0.94%, and the NASDAQ Composite gaining 1.16%. The move seems to...
