Faltering Friday – Minor Pullback Makes for a Nervous Weekend

Matt Taibbi's New Book: 'Insane Clown President'Who says politics don't matter?  

The whole World is freaking out this morning about the guy Matt Taibbi calls "The Insane Clown President" as he and his posse take a hard turn to the right at the Conservative CPAC gathering in Maryland.  I'm not going to get into all the hateful and offensive things going on over there other than to say the rest of the world is rather horrified and today, Trump himself will address the crowd and it's going to be a lot like waving red flags at a bull – so we have that to look forward to.

Unfortunately, I'm going to be live at the Nasdaq this morning so I won't be able to attend the 9:25 MAIN STAGE presentation entitled "If Heaven Has a Gate, a Wall and Extreme Vetting, Why Can't America?"  Oh yes, I wish I were joking but it's REAL!   The session is moderated by Colorado Rep Bob Beauprez along with CO's Ken Buck, Arizona's Andy Biggs along with Mike Gonzales from The Heritage Foundation and Helen Krieble from the Kreible Foundation.  

After that, things get more serious with "Rustbelt, Religion and Realignment".  I know, I can't believe I'm missing the fun!  Pence, Bannon and the rest of the B Team were there yesterday and the Big Kahuna flies in today and it's interesting because last year he was so vilified at this Conference that he cancelled his appearance.

So, aside from the Conservative feeding frenzy, we had Mike Pence saying yesterday that "America's ObamaCare nightmare is about to end" and Steve Bannon saying "The Globalists aren't going to give us our country back without a fight" and warning the base that "It’s not only not going to get better, it’s going to get worse every day in the media" while Trump is calling China a currency manipulator and Treasury Secretary Mnuchin rolls out a "Weak Dollar Policy."

That's sent Gold and Silver (our Trade of the Year) flying higher while the weaker Dollar covers the flight out of equities by holding up the index (stock prices up as Dollar weakens) long enough to cover the tracks of the smart money crowd.  It wasn't enough to help oil though and you are very welcome
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  • Phil thanks. You never cease to amaze me with your thoughtful perspective on a myriad of different issues and challenges. It's kind of an embarrassment of riches since I joined this board a few years back. The ride from Dow 9,000 or was it 8,000? up to Dow 15,000 seems hard to believe. I wish I could have it all over again, except with the capital I have now.

    Winston

  • Phil - I know I am small change compared to most others members, but I just wanted to let you know that during the last two weeks with the shorts you and others suggested I have 6 winners and 5 losers. My losers were small because I tried to follow your guidelines as best I could. On the other hand my winners on average were around 50%. Consequently, I am up $2000 in 14 days. Thank you for your patience and help. I think I am making progress getting rid of some of my poor trading habits of the past!

    DCalrk41

  • Great call on expe Phil! Went long 50 shares and sold for a nice profit! And Great call on the nkd shorts as well. I didn't use a stop that tight and was able to cover for a $400 gain. Works been keeping me pretty busy and I'm jealous of all the members who are able to check in here more often! It's almost always quite profitable! Looking forward to Vegas!

    Jromeha

  • My watch list looks like a grid where Phil's recommendations went UP and everything else went DOWN! It looked something like an ad for Philstockworld. I am half in cash, followed the recommendations (AAPL TASR YHOO) on a 20K portfolio and still up 1% for the day. Thanks!

    Sn0gr00ve

  • Peter D, Just a note of thanks. Eight weeks ago, I entered my first RUT strangles, when the RUT was at 625. Tomorrow, I will let them expire, with the RUT at 625 (give or take). I didn't care when the RUT went to 650, nor when it dropped to 590. Easiest, no touch money I've made in a long time.

    Judahbenhur

  • Phil, I've got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!

    Samlawyer

  • Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.

    Zeroxzero

  • The virtuous trade / Phil throws out so many ideas, that understandably he rejects all calls for a running total of how all ""quoted"" ideas are performing – it would be unworkable. But without such a list, I think it behooves us to call out the trades that have made a difference. January 13 expiration is going to be a big month for me as a significant number of sold put positions will expire worthless. One example of the power of patience and leaving well alone: VLO – sold Jan 13, 17.5 puts for $3.45 – and this trade was placed in August 2011. VLO is currently a tad over $35! And as time went by, and I got more experienced – with the help of Phil and the contributions from board members, I started selling short term puts and calls around this position. Sometimes having to roll, sometimes doubling down but always knowing what I was getting into, and feeling very calm and focussed that whatever happened I could handle it. And if I couldn't then there was always Phil to lend a helping hand. All in all, my profits since August 2011 would qualify as a tidy addition to any earnings from the day job. Thank you Sir.

    Winston

  • Fed days are fun! Just for grins I decided to see how much money I could make in two clicks. I bought DIA calls right when the surge started and then sold them the minute they hit my account. Net gain of 20% in 20 seconds. Can't do that very often…

    MrMocha

  • Phil - It is nice being more discipline with my trading. Generally, I am out earlier than most, but my results, overall, are much better than they were when I was trying to squeeze 80 cups of lemonade out of one lemon! On the other side, I am learning the value of rolling and turning losses into non-losses or small gains. I so appreciate the time you have spent with me and others who have benefited greatly from your knowledge. Thank you!

    Dclark41

  • GOOG, NFLX and AAPL all bought last hour Friday. Sold into the excitement the first hour today for an average of 15% on the options. And lots of them. Thanks again Phil for teaching me so well.

    lflantheman

  • Sold out my AAPL mar95 calls. Up over 100% today on them!

    Singapore Steve

  • Speaking of the "Man Who Planted Trees", it really works. I bought BTU back in March at $49.87. I practically bought it at the tippy top. However, I soon afterward found this site, started learning Phil's methodology(and those in the strategy section) and began selling calls/puts regularly against my bad position. As of yesterday, I still own the original 100 shares, but have brought my basis down by over $11.00. Couldn't be happier, what started out as a really bad entry, I have managed to work down to a good basis. Had I not watched that video and learned your system, I would sold out of the position, and been kicking myself for making such a bad entry.

    Hoss

  • Phil – just wanted to say a sincere thank you for teaching me how to offset, hedge, roll, and not panic. My account is up 10% in the last two weeks, and far from panic, this is becoming great fun. Thanks again,

    Deano

  • Its been a "perfect" month. Every stock I wrote calls against looks like it will be called away next week, every put I wrote will expire worthless. Thanks Phil, now I need some new buy/write candidates, or the new 100K portfolio….

    Barfinger

  • Phil, i wanted to thank you again for helping me protect future stock allocations at work - finally, i feel like i am owning my own destiny with stocks vs. letting the market dictate what you get – thanks again.

    Nramanuja

  • HOTT / Got great trades with it: Enter 6.75 at open, out at 7.18 (avg) at 10:13 Reentered at 7.00 and out all 7.11 few minutes ago- Was a small play but I collected enoght for next month PSW subscription.

    Spider

  • Thank God for Phil. A few months ago (April) I didn´t even know what hedging was, and someone recommended I should check out some of Phil´s plays, especially on the retirement portfolio. When I first started to read it, none of it made a blind bit of sense to me, but I stuck with it and gradually began to work through some of the trades to see how it worked. Now I am putting on 5:1 SPY backspreads combined with bear put spreads, entering and leaving positions after consulting the VIX, and engaging in other esoteric maneuvers that are keeping my portfolio above water.

    jmm1951

  • WOW, glad I went bearish… Phil, thanks for the help on the QID calls yesterday, I turned it into a partial cover rolling down to the Feb 52s selling the 55s 1/2 covered. Sold 1/2 and now lowered my cost basis to $4.38 on the $52s (fully covered).

    Texasmotion

  • I have been trading for quite a few years and in good years made about 25%. After joining PSW, I followed closely the PSW strategy and my trading profit for this year is close to 70% to date. For fun, I like to mix in a few "Hail Mary" plays that really worked out well, but overall the simpler Buy/Write strategy, as presented by Phil so often, created the majority of the profit.

    Gel1

  • I would like to thank Phil and PSW crew for the insight and assistance (even the liberals). In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.

    Texasmotion

  • Phil, I'm up 34x what I paid in fees for your service, and that only counts the trades I didn't think of myself. Thanks!

    Barfinger

  • Why were the analysts wrong? If I were a Japanese investor who purchased US stocks prior to November at Y80 yen to the dollar, with the US market up an average of 15% or more and upon selling the asset I covert dollars to Yen, also realizing an additional 25% gain (one dollar now converts to 100+ Yen rather than the 80 I used at time of purchase), I think I would be unloading US assets also. But analysts never do the math in their articles nor very rarely bring up or discuss the ramifications of currency fluctuations. I don't include Phil in this group as this is a valuable lesson I am learning from him.

    Denlundy

  • Phil: That NFLX call was awesome. The speed at which NFLX options decayed was precipitous. The blow out spike that allowed me to double and roll my callers to 190(!) and the ridiculous 170 weeklies @3.50 a day away from Op-Ex. The gains I realized in that trade floored me when I took a long at my portfolio value on Friday. What a great way to start the 3rd Quarter.

    Kinkistyle

  • I am not a user of phil's site now, but was for a couple years. His advice and information is excellent. Perhaps even better, you get access to real-time trades of additional traders on his site (OptTrader, etc) and the other members who post what they are buying and selling. Overall, its a very valuable information tool. Expensive, but paid for itself many times over. I did not renew my membership because I switched jobs and did not have time to trade nearly as much.

    XRTrader

  • I discovered PSW while reading up on the US economy and how it applies to all the poor folk of the world and to myself as a humble UK desk slave. This year I put time into learning options trading. I upgraded (with great administrative difficulty!) my stock dealing account to deal options. Now I am an avid reader of PSW and subscribed for voyeur membership. Initially feeling out of my depth struggling to keep up with the peculiar language of options traders, I unsubscribed feeling a little under confident and uncertain if the small stake I have to invest in options could generate enough to justify my PSW subscription. Nevertheless, I've benefited considerably from the member's material. From a small number of initial trades, I've exceeded profit targets enough to consider re-subscribing in some capacity. Thanks for the knowledge and more than anything I appreciate the human angle, the humour and the ecologically sympathetic approach rarely seen in other financial media. Best wishes all - Jon

    Jon

  • Your discussion during your web seminar on SPX and SDS today was great. It really let me see how you look at the numbers and use the 5% rule to see where inflection points occur and what the bands look like. This was incredibly helpful. I actually sold out of my small short position at a good profit ( which was more a bet on a short term fluctuation rather than a hedge after listening to you) and will look more deeply at my portfolio and how to hedge it. In addition your view on hedging was also very helpful looking at the leverage you can get w/ a small spread, and protect portfolio against a big move against me. Thank you for your sharing this. Very helpful.

    Batman

  • Phil, I meant to post over the weekend, but I was busy having fun . Last week was a very nice week for me, and I wanted to thank you for all that you do. I am pretty much back to cash and really feel like I am learning. I have out performed the $5kp by a very large margin. Thanks again for the service you provide.

    Scotbraze

  • Phil - I celebrate today, having reached my goal for the year, trading in sync with your education and guidance, of 1 million in profit. I learned a lot, achieved much, and am profoundly grateful. To be honest, when I set the goal I thought it was daunting, as I have for many years been an investor in equities but did very little with options. Learning and doing has for me been a blast! I reached my goal by following Phil's strategies - lots of Buy/Writes, covered calls on equities , naked put entries for income production. I did it with 2.5 mil and kept 600,000 in cash in case I got in trouble. I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in appreciation.

    Gel1

  • Phil - FAS - I dont know whether to be happier I averaged down and sold calls or that I got myself out of FAZ the other day…thanks for that help

    BCFla

PhilStockWorld.com Weekly Trading Webinar

 

PhilStockWorld.com Weekly Trading Webinar – 02-22-17

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here

Major Topics:

00:02:30 Checking on the Markets
00:05:18 FOMC Meeting
00:11:42 Futures
00:12:47 AMZN
00:14:53 TSLA
00:22:28 Batteries
00:23:47 Tesla Powerwall
00:34:22 NAP
00:38:22 SLW
00:43:27 NGJ7 Trade Ideas
00:46:19 Natural Gas Chart
00:52:17 ESRX on Long-Term Portfolio
00:54:11 QCOM on Long-Term Portfolio
00:56:25 Trade Ideas
01:01:30 TEVA Trade Ideas
01:04:10 LNG Charts
01:10:26 PFE Charts
01:11:49 Crude Oil
01:14:09 UCO
01:17:56 Gasoline
01:21:38 PFE Trade Ideas
01:22:55 Checking on the Markets
01:37:06 LL
01:39:41 LL Charts
01:42:28 Checking on the Markets

Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars, here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – join us at PSW — click here!

 





Thursday Thoughts – Tesla’s Emperor Musk Has No Clothes!

Our Tesla (TSLA) short is looking good!  

Despite releasing an earnings report that looks more like a sales brochure (and the CFO promptly quit, so he won't have to justify these numbers) it's pretty clear to investors that all is not well under the hood of the auto hobby shop.  You have to make much more than 8,000 vehicles a month to be considered an actual "manufacturer" – in 1914, with 13,000 employees, Ford (F) produced 300,000 Model Ts while TSLA's 13,058 employees have only managed to produce 75,000 cars (mostly the Model S) in their "amazingly automated" plant.  

You would think, 103 years after Ford invented the assembly line, that Tesla could do a little better but hey, give them a couple of more years and they might give the 1914 Model T a run for its money!  Given the shortfall in production (90,000 cars were promised for 2016) and the rapidly bleeding cash position, the departure of the CFO and the massive dilution of the shareholders (SCTY was given stock), we're very confident the $2,163 short we gave you yesterday will return the full $7,500 on March 17th (up 246% in less than 30 days) so you're welcome for that and happy St. Patrick's Day!  

Other than warning you not to buy the dip in TSLA, I've lost interest and am moving on.  Paulo Santos wrote a great article analyzing their earnings if you are interested, but we have bigger fish to fry now that we're done with Tesla – no sense beating a dead horse, even an electric one.  Just be aware that there are only 790 Super Charger sites in the US and that's 36% growth from last year – how do they get to 300,000 sales with that slow growth (and there are 114,533 gas stations)?

So, what else is going on in the World?  Well, we scored a nice win on Natural Gas Futures (/NGV7) from yesterday's live Trading Webinar with a nice $1,190 per contract gain for our Members – not bad for a half day's work, right?  

The weak Dollar is boosting all commodities this morning as it slumps back to 101, down 0.5%…
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Want a stronger economy? Give immigrants a warm welcome

 

Want a stronger economy? Give immigrants a warm welcome

Courtesy of Kevin Shih, Rensselaer Polytechnic Institute

Immigrants have long been a scapegoat when economies are sputtering, jobs are being lost or security is a concern.

President Donald Trump’s planned wall along the Mexican border, for example, is premised on the notion that immigrants are pouring across the border (they’re not), taking Americans’ jobs (they haven’t) and committing a disproportionate share of crimes (they don’t).

The presumed threats of immigration were also front and center in Trump’s recently announced plan to deport millions of people who were in the U.S. illegally.

We saw something similar when U.K. voters opted for a “Brexit” from the European Union last year, when many British politicians cast immigrants as a threat to the physical, social and economic welfare of natives.

While it has become a popular notion in the West that immigrants jeopardize the job prospects of natives, over 30 years of economic research (including my own) give strong reason to believe otherwise.

And in fact, the opposite may be more likely: There’s evidence immigrants actually promote economic growth.

Why we blame immigrants for our troubles

Extensive reviews of research on the topic (like this one) show that most studies of how immigration affects native wages and employment found very little effect.

Although economists have yet to arrive at a complete consensus, decades of studies generally do not support the notion that immigration harms the economy, market wages or native employment. So why do so many believe it when research suggests otherwise?

A central issue is that it is easy to think that the labor market is a zero-sum game and the number of jobs available is fixed. If everyone were competing over a finite number of jobs, more immigrants would mean fewer opportunities for natives, and vice versa, right? The reality, however, is much more complex, as I will show. Further, it is simply false to think of the number of jobs as fixed in the first place. Employment has been generally rising since 2010, which means more jobs for everyone.

A new migrant interested…
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“Trump-O-Nomics” – An exploration of the proposals

 

"Trump-O-Nomics” – An exploration of the proposals

Courtesy of John Mauldin, Outside the Box

As readers know, I have been doing a multipart series on the proposed tax reforms for the last three weeks in Thoughts from the Frontline. My intention is to finish this week. In part two I talked about what I like about the Better Way proposal, and in part three I pretty much eviscerated the border adjustment tax (BAT), which I think has the real potential to create a global recession. You’ll need to read the series to see why, but a lot of it has to do with simple game theory, which the measure’s Republican proponents are ignoring. If you upset the equilibrium, the other partners at the table will change their strategies, too.

Let me repeat that what I find encouraging about the proposed tax reforms is that they are fairly radical in the sense that there is not an obvious constituency for much of what is proposed, and it will require some real leadership in Congress to get them passed. In the past I have proposed a series of tax reforms (sometimes with my friend and fellow economist Steve Moore, in op-eds around the country) that are pro-business/entrepreneur, but we have always constrained our proposals by what we saw as political reality.

If the Republican leadership thinks they can get the BAT through Congress, then I’m going to take the constraints off my thinking and propose something that is even more radical but much more workable and would not come with the negatives that the current Republican proposal does. (It is also something that most economists would agree with, at least in theory.) It would unloose a massive amount of entrepreneurial spirit and free up capital to go where it can be most productive, AND it will balance the budget. My proposal will makes the United States heads up more competitive vis-à-vis the rest of the world world and yet allow other countries to respond in a similar fashion, making their own economies more competitive but without their having to try to outcompete with us and thereby hurt global trade. But that’s all for this weekend…

Today I want to offer as your Outside the Box an analysis of the current tax…
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Will We Hold It Wednesday – Tesla’s 7% Solution

How high can the market get? 

"The 7% Solution" was the "lost" manuscript of Dr. John Watson recounting his famous patient's recovery from cocaine addiction.  In a similar manner, we have a market that is clearly on crack and, coincidentally, the Nasdaq Composite is up exactly 7% (5,350) from it's 5,000 line since Jan 1st – time for a bit of reflection indeed!  

The real story to the Nasdaq is, of course, Apple (AAPL), which is up 19% at $137 from $115 at the start of the year.  AAPL is about 15% of the Nasdaq so it's responsible for 2.85% of the 7% gain in the Nasdaq, which is 40% of 7% – that's quite a burden for one company to carry.  However, we feel the move in AAPL is justified so it's not AAPL's value we're questioning but whether or not AAPL should have dragged his 99 brother and sister stocks up the hill with him or are they all irresponsibly flying too close to the sun and investors are about to get burned?

There are a lot of overpriced (by normal standards) stocks on the Nasdaq but I think Tesla (TSLA) can serve as a good proxy this evening when they report Q4 results (or lack thereof) after running up 53% since Dec 2nd, when they were at $181.50 (now $277).  That's a market cap of $44.6Bn, just shy of Ford (F) at $49Bn and GM (GM) at $56Bn – even though TSLA produces just 50,000 cars a year and lost approximately $2Bn doing it.  That's a loss of $40,000 per car people!  How on Earth are they going to sell $35,000 cars if they are losing $40,000 per $90,000 car they sell now?  

We're short on TSLA in our Short-Term Portfolio as this Q should include the "earnings" of SolarCity, Musk's solar venture which had been bleeding cash before TSLA acquired it.  Musk has to check a lot of boxes and explain how he's going to sell over 100,000 Model 3s in 2017 when there isn't even an actual car yet.  Our short play is this:

Nowhere to run on that one as it's a March spread, we need TSLA to disappoint tonight or it's an…
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Zero Hedge

The Revenge Of Comet Pizza

Courtesy of ZeroHedge. View original post here.

Submitted by Howard Kunstler via Kunstler.com,

Remember that one? It was about as weird as it gets. A meme generated out of the voluminous hacked John Podesta emails that some conspiracy connoisseurs cooked up into a tale of satanic child abuse revolving around a certain chi-chi Washington DC pizza joint. I never signed on with the story, but it was an interesting indication of how far the boundaries of mass psychology could be pushed in the mind wars of politics.

Sex, of course, is fraught. Sex and the feelings it conjures beat a path straight to...



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Phil's Favorites

Interest Rate Differentials Increasing Financial Market Leverage To Unsustainable Levels

Courtesy of EconMatters

We discuss the rate differentials between Switzerland, Britain, Europe, Japan and the United States and how this Developed Financial Markets carry trade is incentivizing excessive risk taking with tremendous leverage and destabilizing the entire financial system in the process in this video. You want to know what is behind weekly market records, borrowed money via punchbowl central bank liquidity. This ends badly every time Central Banks. You can run this model 1 Million iterations, and it plays out the same way, the financial bubble implodes in on itself where liquidity evaporates into nothingness. It is ironic that when the bubble pops, ...



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ValueWalk

Southeastern Asset Management: "We Welcome Unpredictability"

By Advisor Perspectives. Originally published at ValueWalk.

Ross Glotzbach is Head of Research and a principal at Southeastern Asset Management. He serves as a co-manager for Longleaf Partners Small-Cap Fund and has been a research analyst at SAM since joining the company in 2004. He was an investment banking analyst at Stephens, Inc. in Little Rock from 2003 to 2004. He holds an AB degree from Princeton University with a major in Economics and is a Chartered Financial Analyst. Mr. Glotzbach has been a guest lecturer at the University of Memphis, is Chairman of Memphis Grizzlies Preparatory Charter School, and serves on the board of Ballet Memphis.

I spoke with Ross on February 15.

Southeastern Asset Management

In your fourth...



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Kimble Charting Solutions

Crude Oil; Energy stocks suggesting its about to fall, says Joe Friday

Courtesy of Chris Kimble.

Below takes a look at the price action of Crude Oil, Energy ETF (XLE) and Oil & Gas Exploration ETF (XOP) over the past three years.

Could Energy stocks be suggesting the next big move in Crude Oil again? Which direction are they suggesting?

CLICK ON CHART TO ENLARGE

At this time the intermediate trend in Cru...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Oil sold out of tanker storage in Asia as market slowly tightens (Reuters)

Traders are selling oil held in tankers anchored off Malaysia, Singapore and Indonesia in a sign that the production cut led by OPEC is starting to have the desired effect of drawing down bloated inventories.

Saudi Arabia's Oil Wealth Is About to Get a Reality Check (Bloomberg)

Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc.

The kingdom may have to ...



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Chart School

Good Recovery

Courtesy of Declan.

In early morning action it was a clear swing to sellers after yesterday's non-event. However, buyers came back and were able to make a good chunk of these losses into today's close.

Large Caps remained the most attractive as defensive stocks often are during times of doubt. The S&P registered higher volume accumulation as intraday action proved to be relatively tight.

The Nasdaq suffered larger losses, but there was no distribution to go with it. Technicals were relatively immune to today's action.

...

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Members' Corner

People With Cats Will Understand?

Courtesy of Nattering Naybob

Taking a "potty break" from "in the Toilet Thursday" or "Thursday's in the Loo."

This week's subject is self evident, starring two lovable felines Cole and Marmalade in, People With Cat's Will Understand.


...

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Digital Currencies

It's Time To Beat Up On Credit Suisse and Their Woefully Misinformed Bitcoin Advice

Courtesy of Reggie Middleton at Zero Hedge

Credit Suisse has been posting cryptocurrency advisories over the last few weeks. They are quite one-sided, although couched in the appearance of objectivity. To explain why it's couched in the appearance of objectivity, and not actually objective, let me give you some background. 

The Obama administration enacted a law known as the Fiduciary Rule, as per Investopedia

The Department of Labor’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients' interests above their own. It leaves no room for advisors to conce...



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OpTrader

Swing trading portfolio - week of February 20th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Mapping The Market

NSA May Be Withholding Intel from President Trump

By Jean Luc

These GOP guys were so worried about Hillary's email server and now we find out that we had something close to a Russian mole in the White House. In the meantime, Trump keeps on using his unsecured phone, had high level conversation in his resort in front of dinner guests! It's getting so bad that rumors are now circulating that the NSA is not sharing information with the WH:

NSA May Be Withholding Intel from President Trump

By 

….Our spies have had enough of these shady Russian connections—and they are starting to push back….In light of this, and out of worries about the White House’s ability to keep secrets, some of our spy agencies have begun withholding intelligence fro...



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Promotions

Phil's Stock World's Las Vegas Conference!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

Join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017            

Beginning Time:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has offered us rooms for $189 on Saturday night and $129 for Sunday night but rooms are limited at that price.

So, if you are planning on being in Vegas (Highly Recommended!), please sign up as soon as possible by sending...



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Biotech

The Medicines Company: Insider Buying

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>