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Why the SEC Really Pulled the Plug on Stops – and What You Can Do About It

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

stop orders

Last month the New York Stock Exchange (NYSE) announced that it would no longer accept stop-loss and good 'till cancelled (GTC) orders. It went on to say that it would cancel existing orders of those types in its books, too.

The policy, subject to Securities and Exchange Commission (SEC) rule filings, goes into effect on February 16, 2016, so there's plenty of time to prepare. Besides, GTC orders usually expire in 90 days, anyway. And of course the brokerages will continue to offer these types of orders. They'll simply trigger in-house and then be sent as limit or market orders for execution.

So, on the surface, this announcement doesn't seem like such a big deal.

But it is a very big deal. Partly for its effect on investors - though I'm going to show you how to get around it - but even more so for what the NYSE and its regulator, the SEC, are telegraphing with this decision: That they're essentially washing their hands of what's about to happen... Full Story

What Can Close the NYSE?

By , Associate Editor, Money Morning • @TaraKateClarke -

Dow Jones Industrial Average

On July 8, the New York Stock Exchange (NYSE) shut down for nearly four hours, without warning. A "technical issue" temporarily halted trading from 11:32 a.m. to 3:10 p.m. ET.

But the unexpected closing that rattled investors was actually just one in more than 400 "special closings" in the exchange's 223-year history.

Exactly what can close the NYSE?

Here's a look at some notable special and emergency closings that put Wednesday's glitch into perspective...

Update: New York Stock Exchange Reopens

By , Money Morning -

NYSE Closed Yesterday

It’s not unprecedented for the New York Stock Exchange to shut down. In its 223-year history, the index has had more than 400 “special closings.”

But Wednesday’s unexpected three-hour closing came without warning. It left investors confused — even panicked — and asking the question, “Why did the NYSE shut down today?”

Here's What Happened...

NYSE Shutdown Shows Cybersecurity Risks - and Opportunities

By , Money Morning -

Dow Jones Today

The New York Stock Exchange's meltdown on Wednesday shows how fragile our financial infrastructure is. But it also shows how canny investors can position themselves to profit from that fragility.
The NYSE, a unit of the Intercontinental Exchange (NYSE: ICE), shut down at 11:32 AM ET, and was offline until after 3:00 PM ET.

Frankly, it was scary to see the NYSE - the ideal of exchanges for a decade - melt down.

Why Did the NYSE Shut Down Today?

By , Associate Editor, Money Morning • @TaraKateClarke -

why did the nyse shut down today

It’s not unprecedented for the New York Stock Exchange to shut down. In its 223-year history, the index has had more than 400 “special closings.”

But Wednesday’s unexpected three-hour closing came without warning. It left investors confused -- even panicked -- and asking the question, “Why did the NYSE shut down today?”

You see, the NYSE “temporarily halted” trading at 11:32 a.m. ET. It resumed at roughly 3:10 p.m. ET.

Here’s what happened…

Shah Gilani: "You've Got To Be In It To Win It"

By , Money Morning -

Appearing on Fox Business, Capital Wave Strategist Shah Gilani engaged in the age old debate: Bullish or bearish?

Shah made the bullish case, saying the stock market's rising and investors may want to jump in.

"I think you got to be in it to win it," Gilani said. "You got to stay in the market as long as the trend is up."

On the other side was Dan Shaffer of Shaffer Asset Management. He had a decidedly bearish view, warning of a "deflationary depression"

Check out the lively debate between Gilani and Shaffer in the accompanying video.

Read More…

Stock Market Today: June off to a Guarded Start

By , Contributing Writer, Money Morning -

The first trading day of June got off to a muted start at the opening of the stock market today.

Shortly before noon, the Dow Jones Industrial Average added 34.66, or 0.23%, to 15,150.23. The Standard & Poor's 500 Index slipped 6.42, or 0.39%, to 1,624,32. The Nasdaq gave back 33.87, or 0.98%, to hit 3,422.04.

Market participants were hoping for a rebound in today's stock market following Friday's steep sell-off.

Jitters over tumbling Japanese stocks and worries about the Fed winding down its market-supportive bond-buying program sent stocks spiraling Friday, the last trading day of May.

To continue reading, please click here...

Why the Bulls Are Back in the Stock Market Today

By , Contributing Writer, Money Morning -

The stock market today is off to a strong start with the Dow Jones Industrial Average up more than 150 points around noon.

Right out of the gate, the Dow advanced 107.78, or 0.70%, to 15,410.88, the Standard & Poor's spiked 14.82, or 0.90%, to 1,664.42, and the Nasdaq jumped 40.47, or 1.17%, to 3,499.61.

Boosting the stock market today were accommodative comments from international central banks that the printing presses won't be turned off anytime soon.

The Bank of Japan and the European Central Bank both reaffirmed that their easy money policies will remain intact as long as necessary. The news sent European and Asian markets all up more than 1%, with the momentum spilling over to the United States.

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Stock Market Today Reacts to Merger Monday on Wall Street

By , Contributing Writer, Money Morning -

It was a muted start for U.S. equities when the stock market today (Monday) opened. But by mid-day, the bulls were back and benchmarks marched higher.

Just before noon, the Dow Jones Industrial Average rose 13.41, or 0.09%, to 15,354.40. The Standard & Poor's 500 Index added 2.54, or 0.15%, to 1,670.01. The Nasdaq was higher by 6.42, or 0.18%, to 3,505.39

Year-to-date, the Dow is up 17.17%, the S&P up 16.92% and the Nasdaq 15.88%. Moreover, the number of stocks in the S&P hitting 52-week highs rose to 37.2%, according to Bespoke Investment Group, proof the rally is indeed broad based.

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Stock Market Today: Starting the Week in the Red

By , Contributing Writer, Money Morning -

The stock market today (Monday) paused on news that a U.S. Federal Reserve policy shift may not be as far away as people think.

Just before noon, the Dow Jones Industrial Average was lower by 34.22, or 0.23% at 15,084.27. The Standard & Poor's 500 Index was flat at 1,632.97. The Nasdaq eked out a 0.02% gain, or 1.08 points, at 3,438.12.

Last week, equities continued their seemingly unstoppable climb with the Dow and the S&P closing at records several times. The Dow ended the week up 1%, the S&P 1.2%, and the Nasdaq 1.7%.

Now with all three indexes up 15% year-to-date, many investors have turned cautions.

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