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NMO Growth & Income Trade Final Target Hit

NMO Final Target Hit NMO (Nuveen Muni Opportunity Fund) hit the final target of 12.52 & will be moved to the Completed Trades category. Consider booking partial or full profits and/or raising stops to protect profits for those planning to hold NMO as a longer-term income producing investment. With a current tax-free* distribution rate of 6.35%, NMO still offers a very attractive after-tax income stream for investors in higher-tax brackets seeking current income.  (*Most or all dividends free from federal but not necessarily state income tax.  Click here for more info on NMO)

2017-03-08T21:21:04+00:00 Feb 18, 2014 2:58pm|Categories: Completed Trades - Long, Fixed Income (Bonds), Growth & Income Trades- Completed, Long-Term Trades- Completed|Tags: |Comments Off on NMO Growth & Income Trade Final Target Hit

Growth & Income Trade Updates

In taking some time off this week, I just noticed that several of the active long Growth & Income Trade Ideas have recently hit an initial and/or final profit target. I have a few things outside of trading to take care this morning but will post updated charts on each of these trades later today or over the weekend. As always, all previous charts and commentary on any trade idea posted on RSOTC can be quickly referenced via the symbol tags. Symbol tags for each stock, ETF or index mentioned in a post will appear at the bottom right hand of [...]

2014-03-06T13:23:13+00:00 Feb 14, 2014 10:15am|Categories: Completed Trades - Long, Growth & Income Trades- Completed, Long-Term Trades- Completed|Tags: , , , |Comments Off on Growth & Income Trade Updates

NMO Growth & Income Trade Idea Update

The NMO Active Growth & Income Trade idea looks to offer an objective entry or add-on here on this pullback to support and/or adding on a possible move down the the next support around 11.95.  Keep in mind that the yield on the Nuveen Muni Opportunity Fund (another CEF) is lower than most of the other Growth & Income trade ideas because the interest on these bonds (passed through in the form of dividends of the fund) is exempt from most federal and some, (but not all) state income taxes.  Therefore, all other things being equal, a longer-term trader or investor [...]

2013-10-01T15:16:34+00:00 Oct 1, 2013 3:16pm|Categories: Completed Trades - Long, Fixed Income (Bonds), Growth & Income Trades- Completed, Long-Term Trades- Completed|Tags: |Comments Off on NMO Growth & Income Trade Idea Update

Municipal Bonds Looking Bullish

Back on December 17, 2012 I made a very comprehensive post on the fixed-income sector covering all major domestic (US) fixed-income classes: Treasuries, Municipals, Investment Grade Corporate and Low-Grade (Junk) Bonds.  This gist of that post, which can be viewed here, was that the entire sector looked very bearish and that rates were were likely to rise considerably which meant that prices would fall, which has clearly been the case since then. Although I did want to follow-up on that post as an example of how technical analysis works just as effectively on all asset class, not just stocks, the primary [...]

2017-03-08T21:21:23+00:00 Aug 26, 2013 9:54am|Categories: Completed Trades - Long, Fixed Income (Bonds), Growth & Income Trades- Completed, Long-Term Trades- Completed|Tags: |Comments Off on Municipal Bonds Looking Bullish

Bond Market Overview

In the past I was much more active in covering the fixed income markets but with bonds the primary target of Bernanke's printing party, I've felt, and still do, that many of the traditional "cues" for the stock market that have historically been derived from the bond market are of little, if any value at this time due to the extreme price manipulation of said instruments by the Fed.  For the most part though, I am referring to the US Treasury market but lately I've been paying much more attention to the rest of the fixed income market, primarily investment grade [...]

2017-03-08T21:21:54+00:00 Dec 17, 2012 11:46pm|Categories: Equity Market Analysis, Fixed Income (Bonds)|Tags: , , , , , |Comments Off on Bond Market Overview