Archive for 2010

DARK HORSE HEDGE – Sitting on the Dock of the Bay

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

DARK HORSE HEDGE - Sitting on the Dock of the Bay 

By Scott at Sabrient and Ilene at Phil’s Stock World

 

So I'm just gonna sit on the dock of the bay
Watching the tide roll away
Ooo, I'm sittin' on the dock of the bay
Wastin' time

By Otis Redding and Steve Cropper, On the Dock of the Bay

Heading into the week of August 23, 2010, the market is digesting another week of worse than expected data. The Philly Fed figure of -7.7 versus the expected +8 on Thursday, against a backdrop of 500,000 pink slips being handed out, was brutal. The data added fuel to the fire on our Road to Nowhere. When the dust settled on Friday after August options expired, the S&P 500 was sitting at 1071 and our market trend indicators were all pointing south. The MACD 12-26-9 has clearly crossed the bearish signal line at -3.3 and the RSI 14 day is back under 50 at 48.38 (chart below).

We covered many of the DHH Long positions by writing call options, which provided an advance net SHORT tilt in anticipation of the recent downward move in the market. Currently, our virtual DHH virtual portfolio is holding 8 SHORT positions (7.5% each) and 9 LONG (7.5% each). We covered our 9th Short position, HUSA, on Friday. After shorting a new stock on Monday morning, we will have the same number of Long and Short positions. The long positions are leveraged against the short positions which provides additional cash into our virtual equities account. Although we will have the same number of Longs and Shorts, we are tilted short because we sold calls against seven of the long positions. We also sold puts against three of these hedged Long positions, which makes them more bullish than bearish. However, we have the advantage of having sold premium for both the calls and puts.

At the open on Monday morning, we will add another SHORT position to replace HUSA.

Sell SHORT ComScore, Inc. (SCOR) at the open Monday, August 23, 2010

ComScore, Inc. (SCOR) provides a digital…
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Swing trading virtual portfolio – week of August 23rd, 2010

This post is for live trades 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

 

Optrader 

Swing trading virtual portfolio

 

One trade virtual portfolio





Israel Knesset Member Declares “We Are Preparing For War”

Courtesy of Tyler Durden

In an interview by Likud Knesset Member Danny Danon, speaking with WND senior reporter Aaron Klein, who hosts an investigative program on New York’s WABC 770 AM Radio, the Israeli said that “Israel is preparing for a time of war…We are ready for all scenarios, and we are able to defend our civilian population. I cannot tell you how long we can wait more. But we prefer to wait and see if the international bodies are acting, or [whether] it will be only the burden of Israel, like it was in the early ’80s, when the great leader, Menachem Begin, [made] the great decision to bomb the nuclear reactor in Iraq.” He concluded: “We don’t want this to be a war of Jews against Muslims. It should be a war of Western civilization [against] Iran.” Good luck explaining that to 1.5 billion Muslims around the world.

From 77WABC Radio, specifically WND’s Jerusalem Bureau:

While Israel is hoping for a peaceful resolution to Iran’s nuclear ambitions, the Jewish state is also preparing for “a time of war,” declared a Knesset member of Prime Minister Benjamin Netanyahu’s ruling Likud party.

“We are prepared for all risks,” said Likud Knesset Member Danny Danon. “And I think our enemies should know that even though we are speaking of peace, we are getting ready for a time of war, as well.”

Danon, the deputy speaker of Israel’s parliament, was speaking in a radio interview with WND senior reporter Aaron Klein, who hosts an investigative program on New York’s WABC 770 AM Radio.

Danon hinted that Israel may take action if the world does not stop the Iranian nuclear threat, recalling Israel’s lone strike on Iraq’s nuclear reactor in 1981.

Stated Danon: “We are ready for all scenarios, and we are able to defend our civilian population. I cannot tell you how long we can wait more. But we prefer to wait and see if the international bodies are acting, or [whether] it will be only the burden of Israel, like it was in the early ’80s, when the great leader, Menachem Begin, [made] the great decision to bomb the nuclear reactor in Iraq.”

Despite his assertion that Jerusalem is preparing to act alone, Danon stressed that Iran is an international concern. He called on the Western world to


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After Finally Covering The Massive Retail Outflows, The NYT Also “Discloses” The Nanex Crop Circle Mystery

Courtesy of Tyler Durden

Reading the NYT these days sure is enlightening: first, one gets news about some odd phenomenon, previously unheard of, that for 15 straight weeks retail investors have been pulling money out of retail funds (hmm, where has one seen this before), and now, with much fanfare, the NYT brings the Nanex Crop Circles to the center stage. At least unlike the former story’s 15 week delay, it took the NYT a mere 3 weeks to rehash what Zero Hedge readers had known since July (how is that whole “value added content” paywall idea going?). Nonetheless, it is satisfying that the criminal stock churning activity reported on first by us, has finally gone mainstream. Of course, the NYT conclusion is typical: “The idea that shadowy computer masterminds were trying to disrupt the nation’s stock trading struck many people as ridiculous. Wall Street experts generally characterize it as a conspiracy theory with little basis in fact.” Interesting: yet a mere 4 minutes ago we pointed out that Finra is starting to ferret out illicit HFT trading practices… Maybe the NYT can put two and two together (in real-time this time).

More from the article:

The stock market mysteriously plunges 600 points — and then, more mysteriously, recovers within minutes. Over the next few weeks, analysts at Nanex, an obscure data company in the suburbs of Chicago, examine trading charts from the day and are stunned to find some oddly compelling shapes and patterns in the data.

To the Nanex analysts, these are crop circles of the financial kind, containing clues to the mystery of what happened in the markets on May 6 and what might have caused the still-unexplained flash crash.

The charts — which are visual representations of bid prices, ask prices, order sizes and other trading activity — are inspiring many theories on Wall Street, some of them based on hard-nosed financial analysis and others of the black-helicopter variety.

To some people, like Eric Scott Hunsader, the founder of Nanex, they suggest that the specialized computers responsible for so much of today’s stock trading simply overloaded the exchanges.

He and others are tempted to go further, hypothesizing that the bizarre patterns might have been the result of a Wall Street version of cyberwarfare. They say high-speed traders could have been trying to


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Clampdown On Market Abuse By High Frequency Churners, Er, Traders Begins

Courtesy of Tyler Durden

It couldn’t happen to a nicer group of pirates. After a year-long campaign by Zero Hedge warning about the ongoing threat to market structure by the HFT plague, culminating in a the May 6 crash, whose incipient conditions exist to this day, the FT reports that the even more worthless regulator, FINRA, is beginning a clampdown on broker dealers who allowed high-frequency traders to have access to the markets without undertaking proper checks. As this means all of them, there is about to be a huge change in market structure as arguably more than half of the market “participants” are suddenly excluded from constant daily churning activity. What the outcome of this will be is anyone’s guess, but definitely expect strange things if this is truly a first step towards reverting to some form of normalcy.

The FT reports:

The Financial Industry Regulatory Association is undertaking a “sweep” of broker-dealers that offer market access to high-frequency traders to find out if they allowed these firms to run computerised trading programs – algorithms – without undertaking proper risk-management controls.

“We’re looking to find out if the brokers understood what was being done with the algorithm and whether the high-frequency trader had thought through how it would work under big market changes,” Richard Ketchum, chairman and chief executive of Finra, told the Financial Times.

Brokers also face scrutiny of their checks on the ownership of the firms they allow – directly or through sponsorship arrangements – to access the markets.

“The brokers should be satisfied they know who’s really operating these systems,” Richard Ketchum, chairman and chief executive of Finra, told the Financial Times. “The sub-custodian chain can bury the identity of high-frequency traders in Eastern Europe and elsewhere who raise serious regulatory concerns.”

And you thought those pesky Eastern European were only responsible for reverse engineering any softward that ever came out and movie piracy – guess what: it turns out they now can just as easily hack the entire market too. And now please put back all your capital in stocks.

Nonetheless, this is a market test run by a US regulator: an entity better known for being the most corrupt organization in the history of the world. As such some may be skeptical.

The probe


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At £4.8 Trillion In Total Debt Including Unfunded Liabilities, UK Debt Is Six Times More Than The Official Number

Courtesy of Tyler Durden

Everyone knows that the total US debt is over $120 trillion when accounting for such underfunded liabilities as Medicare and Social Security. Well, it appears that the bankrupt US welfare state is not alone. According to the UK’s Institute of Economic Affairs (IEA), the country’s national debt is £4.8 trillion once state and public sector pension liabilities are included, or £78,000 for every person in the UK. This number translates to about 330% of UK’s GDP. Which of course is nothing compared to the total US adjusted debt-to-GDP number which when accounting for all off balance sheet items is roughly 10x the US GDP of $13.6 trillion, a number which is Rosenberg and Bridgewater are correct, may decline quite soon.

The Telegraph has more:

The IEA raised its concerns after the latest public finances data from the Office for National Statistics (ONS) this week, which showed that the total debt, excluding bank bail-outs, is £816bn – itself a record high. However, the figures strip out the state’s pension liabilities in a contravention of standard accounting practices.

Mark Littlewood, the IEA’s director-general, said: “The latest official national debt figure is seriously misleading. Looming in the background are pension liabilities. These should be moved to the forefront.

“The ONS should include these liabilities in their calculations. It is shocking enough to see official figures revealing a jump in national debt over the last year from the equivalent of 48pc of GDP to 56pc, but the grave reality is that our real national debt stands at 333pc of GDP.”

Nick Silver, an IEA research fellow, said the full figure, including the £1.2 trillion public sector pension liability and £2.7 trillion state pension liability, should be published either monthly or annually alongside the net debt data for reasons of transparency.

The ONS has already begun to assemble the data, publishing the full list of Britain’s debts and liabilities for the first time in July, which came to a total of between £3.68 trillion and £4.84 trillion.

The ONS numbers included a £1 trillion to £1.5 trillion liability for the Government’s stakes in the part-nationalised banks, equivalent to the relevant portion of their total liabilities, £1.35 trillion for state pension liabilities, and £1.2 trillion for public sector pensions.

At this point these statistics are just that-


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The Complete Q2 Hedge Fund Holdings Update (In Which We Discover That 181 HFs Hold Apple Stock)

Courtesy of Tyler Durden

The quarterly Goldman Hedge Fund Trend Monitor, aka the HF groupthink update, is released, chock full of HF holding trivia, such as that should Apple ever miss its priced to absolute perfection business model, a whopping 181 hedge funds are going to suffer, and 75 HFs, who have Apple as a top 10 holding, are going to get crushed. Also, we uncover the latest top 10 hedge funds ranked by equity assets (DE Shaw, RenTec and Paulson are the new top 3, although with 2,048 and 2,669 holdings for the first two, they are now receiving 2 and 20 for their quant models which as the NYT highlighted recently no longer work). On the other end of the quant spectrum, are the traditional hedge funds, and as of Q2, the typical fund had an average of 63% of its long-equity assets invested in its 10 largest positions, compared to 30% for a typical large-cap mutual fund, 17% for a small-cap mutual fund, 19% for the S&P and just 2% for the Russell 2000. The top 5 most concentrated hedge fund holdings are AutoNation (46% of market cap held by HFs), Sears (45%), AutoZone (32%), Pactiv (28%) and Novell (27%). Also hilarious perpetual LBO candidate Radioshack has hedge funds make up 24% of its market cap. In other words, any bad news here will kill the stock price faster than a HFT can frontrun the exponential pulling of bids. On the other side, or the names most hated by hedge funds, is Brown Forman, where only 0.2% of HFs make up its market cap, followed by Roper Industries, Stericycle, Hormel, and Praxair. From a surprise upside potential perspective, Goldman estimates that the most HF-shorted names is Crown Media, which has a 99 day short interest ratiom followed by Lifeway Foods, Isramco, K-Fed Bancorp, First South Bancorp, and Costar Group. Shorts Squeezes in these names could be violent. Looking at ETFs, the biggest gross long ETF held by HFs is GLD with $8 billion in long ownership, while the most shorted is SPY with $27.6 billion in shorts, indicating that funds are now “hedging” using this proxy for the entire market. Lastly, in confirmation that hedge funds are for the most part worthless “groupthink” contraptions which merely ride a leveraged beta wave, and suck out management fees, Goldman highlights that the “Most Concentrated” basket of…
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Welcome to the Wolf Market?

Courtesy of Leo Kolivakis

Via Pension Pulse.

A couple of interesting articles appeared this Sunday. Graham Bowley of the NYT reports, In Striking Shift, Small Investors Flee Stock Market:

Renewed economic uncertainty is testing Americans’ generation-long love affair with the stock market. 

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.

If that pace continues, more money will be pulled out of these mutual funds in 2010 than in any year since the 1980s, with the exception of 2008, when the global financial crisis peaked.

Small investors are “losing their appetite for risk,” a Credit Suisse analyst, Doug Cliggott, said in a report to investors on Friday. 

One of the phenomena of the last several decades has been the rise of the individual investor. As Americans have become more responsible for their own retirement, they have poured money into stocks with such faith that half of the country’s households now own shares directly or through mutual funds, which are by far the most popular way Americans invest in stocks. So the turnabout is striking.

So is the timing. After past recessions, ordinary investors have typically regained their enthusiasm for stocks, hoping to profit as the economy recovered. This time, even as corporate earnings have improved, Americans have become more guarded with their investments.

“At this stage in the economic cycle, $10 to $20 billion would normally be flowing into domestic equity funds” rather than the billions that are flowing out, said Brian K. Reid, chief economist of the investment institute. He added, “This is very unusual.” 

The notion that stocks tend to be safe and profitable investments over time seems to have been dented in much the same way that a decline in home values and in job stability the last few years has altered Americans’ sense of financial security.

It may take many years before it is clear whether this becomes a long-term shift in psychology. After technology and dot-com shares crashed in the early 2000s, for example, investors were quick to re-enter


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Welcome to the “Wolf” Market?

Courtesy of Leo Kolivakis

Via Pension Pulse.

A couple of interesting articles appeared this Sunday. Graham Bowley of the NYT reports, In Striking Shift, Small Investors Flee Stock Market:

Renewed economic uncertainty is testing Americans’ generation-long love affair with the stock market.

 

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.

 

If that pace continues, more money will be pulled out of these mutual funds in 2010 than in any year since the 1980s, with the exception of 2008, when the global financial crisis peaked.

 

Small investors are “losing their appetite for risk,” a Credit Suisse analyst, Doug Cliggott, said in a report to investors on Friday.

 

One of the phenomena of the last several decades has been the rise of the individual investor. As Americans have become more responsible for their own retirement, they have poured money into stocks with such faith that half of the country’s households now own shares directly or through mutual funds, which are by far the most popular way Americans invest in stocks. So the turnabout is striking.

 

So is the timing. After past recessions, ordinary investors have typically regained their enthusiasm for stocks, hoping to profit as the economy recovered. This time, even as corporate earnings have improved, Americans have become more guarded with their investments.

 

“At this stage in the economic cycle, $10 to $20 billion would normally be flowing into domestic equity funds” rather than the billions that are flowing out, said Brian K. Reid, chief economist of the investment institute. He added, “This is very unusual.”

 

The notion that stocks tend to be safe and profitable investments over time seems to have been dented in much the same way that a decline in home values and in job stability the last few years has altered Americans’ sense of financial security.

 

It may take many years before it is clear whether this becomes a long-term


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Market Collapse of Epic Proportions

Market Collapse of Epic Proportions

Courtesy of Allan

Let’s make the case with our biggest picture time frame, the SPX_Monthly Trend Model. This trend model reversed SHORT with the April-June decline in the market.  Note also that these monthly signals measure in years, not days, not weeks.  The implications are for a heck of a ride down in the months and perhaps years ahead. 

 SPX_Monthly Trend Model

There are two Elliott Wave counts embedded on this chart.  The first one (blue)  is automatically applied by my Advanced GET software.  I have been using this software since 1994.  It works more often then it doesn’t, I give it a lot of weight.  It represents the most bullish of the two EW counts, yet still projects a move to below 600 on the SPX, as is suggested by the horizontal blue support line in the lower right corner of the chart.

The second wave count (black) is from Robert Prechter, the controversial EW analyst that EW wannabes love to disparage because of his missing calls in the past.  They ignore his body of work which is staggering in its prescient analysis and observations of not just the stock market, not just the economy, but in particular social mood as the driving engine of all things financial, in the evolution of society to some extent the rise and fall civilization itself.  

A little too sweeping?  Only if you believe the ignorant, snide snippets of opinion of him so rampant on the Internet.  Not if you read is seminal works, Elliott Wave Principle: Key To Market Behavior and especially, the most important publication of last twenty years, Socionomics: The Science of History and Social Prediction.  There is no better Elliottician alive today.  Agree with him or not, I think his opinion is always worth paying attention to. 

All that said, I’ve placed  Prechter’s Cycle degree wave count on the above monthly SPX chart, a completed Wave 1 (early 2009), a completed Wave 2 (April, 2010) and now the beginning of Wave 3 down.  From Prechter’s  January, 2010, Elliott Wave Theorist:

The very center of the wave structure-the most volatile point in an impulse-should occur in 2010 when the market reaches wave iii of III of 3 of (3) of 3.  In a bull market, this point in the wave structure marks the time at which investors in the aggregate stop worrying about the downside risk and


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Phil's Favorites

What Jeff Bezos gets wrong (and right) with his populist philanthropy

 

What Jeff Bezos gets wrong (and right) with his populist philanthropy

Courtesy of Ted Lechterman, Stanford University McCoy Family Center for Ethics in Society

Jeff Bezos, the world’s second-richest person, trails his peers when it comes to generosity. His family’s donations to hospitals, museums and universities rarely make headlines, and he hasn’t signed the ...



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ValueWalk

Rapid rise of Chinese debt

By Dan Steinbock. Originally published at ValueWalk.

Despite seemingly mixed messages, China’s great shift from easing to tightening has begun. While growth will continue to decelerate, it can still remain on the deceleration track, even as deleveraging has begun.
In May, Moody’s Investor Service downgraded China’s credit rating. But it took less than a day for Chinese financial markets to recover from the downgrade. Recently, index giant MSCI announced the partial inclusion of China-traded A-shares in the MSCI Emerging Market Index. After all, China is currently under-represented in global equity indices relative to its economic influence. The inclusion is predicated on a long and gradual move.
In brief, Moody’s believes that the rapid rise of Chinese deb...



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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...



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OpTrader

Swing trading portfolio - week of June 26th, 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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Insider Scoop

Mid-Day Market Update: Crude Oil Up Over 2%; Xenon Pharmaceuticals Shares Slide

Courtesy of Benzinga.

Midway through trading Tuesday, the Dow traded up 0.10 percent to 21,430.46 while the NASDAQ declined 0.29 percent to 6,228.91. The S&P also rose, gaining 0.03 percent to 2,439.75.

Leading and Lagging Sectors

Energy shares rose by 0.67 percent in the US market on Tuesday. Top gainers in the sector included Zion Oil & Gas, Inc. (NASDAQ: ZN), Teekay Offshore Partners L.P. (NYSE: TOO), and SunCoke Energy Inc (NYSE: SXC).

In trading on Tuesday, technol...



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Zero Hedge

Seattle Min Wage Hikes Crushing The Poor: 6,700 Jobs Lost, Annual Wages Down $1,500 - UofW Study

Courtesy of ZeroHedge. View original post here.

Just last week we noted that McDonalds launched plans to replace 2,500 human cashiers with digital kiosks like the ones below (see: McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks: Here Is Its Math):

Of course, no matt...



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Chart School

Kelly Heros Sgt. OddBall philosophy to read stock charts

Courtesy of Read the Ticker.

Sgt OddBall said these famous words "Don’t hit me with them negative waves so early in the morning!".



More from RTT Tv

readtheticker.com PnF charts allows the chart reader the judge price waves of both positive and negative.

Waves are judged 3 (power), 2 (significant), 1 (above average). Blue is up, Red is down.

For each PnF wave you should judge: breaking into new ground or not, thrust, volume, net volume, strength (3, 2 or 1).

In an uptrend (mark up): You wish to see blue positive 3s and 2s controlling the trend, breaking into n...

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Biotech

We have a vaccine for six cancers; why are less than half of kids getting it?

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

 

We have a vaccine for six cancers; why are less than half of kids getting it?

Courtesy of Electra D. Paskett, The Ohio State University

Early in our careers, few of us imagined a vaccine could one day prevent cancer. Now there is a vaccine that keeps the risk of developing six Human Papillomavirus (HPV)-related cancers at bay, but adoption of it has been slow and surprising low.

Although it’s been available for more than a decade, as of 2014 only 40 percent of girls had received the full three doses of the vaccine, while only ...



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Digital Currencies

Bitcoin Buyer Beware

Courtesy of Zero Hedge

Entrepreneurs have a new trick to raise money quickly, and it all takes place online, free from the constraints of banks and regulators. As Axios reports, since the beginning of 2017, 65 startups have raised $522 million using initial coin offerings — trading a digital coin (essentially an investment in their company) for a digital currency, like Bitcoin or Ether.

One recent example, as NYT reports, saw Bay Area coders earn $35 million in less than 30 seconds during an online fund-raising event...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Members' Corner

Robert Sapolsky: The biology of our best and worst selves

Interesting discussion of what affects our behavior. 

Description: "How can humans be so compassionate and altruistic — and also so brutal and violent? To understand why we do what we do, neuroscientist Robert Sapolsky looks at extreme context, examining actions on timescales from seconds to millions of years before they occurred. In this fascinating talk, he shares his cutting edge research into the biology that drives our worst and best behaviors."

Robert Sapolsky: The biology of our best and worst selves

Filmed April 2017 at TED 2017

 

p.s. Roger (on Facebook) saw this talk and recommends the book ...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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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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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.

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