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 [...]
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 [...]
This video covers all of the Growth & Income Trade Ideas currently listed on Right Side of the Chart in the following order: FFC, JPI, NLY, NMO, NSL, & RNO.
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 [...]
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 [...]
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 [...]