Guest View
User: Pass: | become a member
Archive for January, 2012
« Older Entries

ETFs Quiet Before The Storm (SPY, DIA, QQQ, IWM)

by - January 31st, 2012 11:58 pm

Courtesy of John Nyaradi.

ETFs Quiet Before The Storm (SPY, DIA, QQQ, IWM)ETFs were quiet today as investors readied themselves for Econ Reports, Facebook IPO, and European woes tomorrow

Major markets and index ETFs were mixed today as investors anticipate tomorrow’s Econ Reports, a possible Facebook IPO, and a possible European solution.  The S&P 500 decreased .05%, the Dow Jones Industrial Average dropped .16%, the NASDAQ composite increased .07%, and the Russell 2000 Index decreased .06%.  Index ETFs followed suite as the SPDR S&P 500 ETF (NYSEARCA:SPY) declined .13%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) decreased .15%, the PowerShares QQQ Series 1 Trust ETF (NASDAQ:QQQ) increased .13%, and the iShares Russell 2000 Index ETF (NYSEARCA:IWM) decreased .04%.  Quiet before the storm…

Europe, of course, remains the largest wild card as policy makers struggle to find a sovereign debt solution and Greece debt talks continue to stall.  Of course, the only real way to fix the debt dilemma is to, well, to pay off all of the debt, except that paying off debt requires heavy revenue increases and heavy spending decreases, both of which would cripple an economy on the verge of (some would argue an economy already in) a recession.  Quiet before the storm…

Tomorrow also brings the Facebook IPO announcement, which could possibly send all markets skyward for a minute or two.  Facebook will file for a $5 billion IPO, which is the largest ever IPO from the Silicon Valley.  As Facebook is valued at approximately $80 billion, watch out for tech ETFs, especially the Q’s, as tomorrow will be a big day for the tech sector.  Quiet before the storm…

And lastly, tomorrow brings us a slew of economic report cards, including the ADP unemployment report, ISM report, construction spending report, and motor vehicle sales report, any of which would rock the boat on a normal day.  Quiet before the storm…

Commodities ETFs and VIX ETFs were flat today, while US Dollar ETFs and Treasury Bond ETFs were up slightly, likely because the Fed seems more stable than the European Central Bank.  Keep in mind that Iran could at any moment attempt to close the Strait of Hormuz or shut off  European oil supplies, which would create a whole different kind of chaos for us all.  Quiet before the storm…

Bottom Line:…
continue reading



Posted in Immediately available to public | No Comments »



Moving Averages: Month-End Update

by - January 31st, 2012 11:35 pm

Courtesy of Doug Short.

Valid until the market close on February 29, 2012

The S&P 500 closed January with a gain of 4.36% from the December close. All three index signals indicated an invested position. See the specifics here.

The Ivy Portfolio

The table below shows the current 10-month simple moving average (SMA) signal for each of the five ETFs featured in The Ivy Portfolio. I’ve also included a table of 12-month SMAs for the same ETFs for this popular alternative strategy.

Backtesting Moving Averages

Monthly Close Signals Over the past few years I’ve used Excel to track the performance of various moving-average timing strategies. But now I use the backtesting tools available on the ETFReplay.com website. Anyone who is interested in market timing with ETFs should have a look at this website. Here are the two tools I most frequently use:

Background on Moving Averages

Buying and selling based on a moving average of monthly closes can be an effective strategy for managing the risk of severe loss from major bear markets. In essence, when the monthly close of the index is above the moving average value, you hold the index. When the index closes below, you move to cash. The disadvantage is that it never gets you out at the precise top or back in at the very bottom. Also, it can produce the occasional whipsaw (short-term buy or sell signal), such as we’ve experienced this summer.

Nevertheless, a chart of the S&P 500 monthly closes since 1995 shows that a 10- or 12-month simple moving average (SMA) strategy would have insured participation in most of the upside price movement while dramatically reducing losses.

The 10-month exponential moving average (EMA) is a slight variant on the simple moving average. This version mathematically increases the weighting of newer data in the 10-month sequence. Since 1995 it has produced fewer whipsaws than the equivalent simple moving average, although it was a month slower to signal a sell after these two market tops.

A look back at the 10- and 12-month moving averages in the Dow…
continue reading



Posted in Chart School, Immediately available to public | No Comments »



CBO REPORT – OMG!

by - January 31st, 2012 9:47 pm

Courtesy of Bruce Krasting

The Congressional Budget Office (CBO) is out with its annual report. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outlook for the economy. There is one data point I'd like to focus on.

Here is the CBO forecast for real GDP for 2012 and 2013:

 

 

 

The 1.1% Real GDP number for 2013 surprised me. The CBO’s expectations are way under those of both the “Blue Chip” economists and the Federal Reserve:

What does it mean if the economy is going to slow, as CBO now thinks? Some consequences:

 
.
.

 

The CBO now forecasts Social Security to run into trouble in just a few years. This is a very substantial change in the outlook for SS. Changed fortunes make it certain that America’s favorite entitlement program will be on the table for a significant re-vamp.

The CBO has answered two critical question:

1) In what year does SS first goes into deficit (including interest)?

2) What is the size of the SS Trust Fund when #1 has been achieved?

Key data is here:

 

 

Using this information, we can estimate the Trust Funds (TF) balances over time, and compare them to what SS forecast in its report to Congress ten-months ago:

 
 
SSTF's "Intermediate" (Base) case:

 

The bottom line is that the SSTF is going to top out three years ahead of “schedule” and be $800B shy of what it was “supposed” to be.

I think the CBO report has created a big headache for a good number of folks in D.C. Most of them are running for office this year. They certainly won't be able to wave the CBO report as a measure of how well they are doing.

 


Posted in Appears on main page, Immediately available to public, Phil's Favorites | No Comments »



Bill Dudley’s Financial Holdings Disclosed At Time Of AIG Bailout

by - January 31st, 2012 9:25 pm

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Earlier today, the New York Fed was kind enough to voluntarily disclose the finacial holdings and assets of one former Goldman Sachs employee, and current FRBNY president Bill Dudley. Bill Dudley is also known as the gentleman to have received, when he was stil head of the PPT, aka the Fed’s Open Markets Group, a waiver signed by one Tim Geithner on September 19, 2008, allowing him to keep not only his investment in AIG, which was “de minimis” at $1,200, but also in General Electric, which was not de minimis at $106,830. And while his modest holdings of AIG likely did not impact Dudley’s protocol of bailing out the failed insurer, his interest in GE, and thus its then fully held subsidiary NBC Universal, parent of such comedy channels as CNBC, could potentially have been a source of conflict. Which is why the Fed has disclosed the full holdings of Dudley as of the 2008 year, in which we find that the bulk of Dudley’s net worth was held by JPMorgan Chase Deferred Income Benefit Award (over $1MM) and JPM Chase Deferred Compensation ($500,001-$1,000,000). Was Mr. Dudley also completely conflict free vis-a-vis the bulk of his holdings, and their custodian, and did the New York’s Fed largesse to bail out JPM among many others, have anything to do with this particular heretofore unknown detail? Of course not. After all, Jon Corzine is a free man. In other news, anyone who needs urgent access to the discount window or a $1 trillion overnight loan at 0.001% interest, should just call the Fed’s 24/7 hotline: 877-52-FRBNY.

This is how the Fed generously classified its release:

In order to promote transparency and in response to media interest, the
Federal Reserve Banks are today making available the financial
disclosure forms and related documents filed by their current presidents
with Federal Reserve Bank ethics officers. 

Full Dudley financial disclosure:

 

 

Full text of Waiver granted to Bill Dudley, and signed by Tim Geithner:

 

 

And as a reference, the New York Fed’s code of conduct:

 



Posted in Immediately available to public | No Comments »



Goldilocks Is Back – China PMI Rises To 50.5, Modest Beat Of Expectations, Shy Of Whisper Number

by - January 31st, 2012 8:09 pm

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

China’s goal-seeked economy performed admirably in January, and its Manufacturing PMI came absolutely golidlocks at 50.5, an increase from 50.3, previously, just modestly beating Wall Street expectations of a slight contraction of 40.6, yet a less than earlier whisper numbers which put it at 52. As such, thereis absolutely no indication if the PBoC will further tighten or ease in the next month, just as the PBoC likes it, because while many have been demanding easing in the last several weeks, and especially the housing market, the reality is that hot pockets of inflation still remain. Furthermore, the last thing China needs is to proceed with full on easing just as Bernanke goes ahead and launches QE x which will export more hot money, and thus inflation, to China than anywhere else, with the possible exception of gold.

And here are some observations from Bloomberg’s Michael McDonough:

  • Headline PMI remained above 50 for two consecutive months; another 50-plus reading in Feb. would be very positive sign,
  • Underlying data still weak with new export orders falling to 46.9 from 48.6, while new orders rose to 50.4
  • Typically if this were true bottom, all forward-looking sub-components would rise above 50 in a month prior or the same     month as headline index 
  • Building domestic pressure coupled with foreign risks should  continue to weigh on the Chinese economy, including the PMI going forward, forcing policy makers to cut RRR and eventually policy rates once they are convinced threat of inflation has been squelched

PMI charted:



Posted in Immediately available to public | No Comments »



First Results Are In – Live Tracker Of Florida GOP Primary

by - January 31st, 2012 7:23 pm

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The first numbers in the Florida GOP Primary have started trickling in with the polls still open, and while as already noted DieBold did ‘leak’ the final results of the election previously, those who either care what the outcome of tonight’s event is, or are masochists, or both, are welcome to follow the latest developments below.

CNN Live:

and Live maps:



Posted in Immediately available to public | No Comments »



Benzinga’s M&A Chatter for Tuesday January 31, 2012

by - January 31st, 2012 7:13 pm

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 31, 2012:

Multiband Announces Expiration of Letter of Intent to Acquire WPCS International

The Expired Offer:
Multiband Corporation (NASDAQ: MBND) announced Tuesday that it will allow a Letter of Intent for the remaining portion of an acquisition with WPCS International (NASDAQ: WPCS) to expire effective February 1, 2012 as the Company believes it is not viable to conclude the transaction as originally intended given current market valuations. This will result in Multiband losing exclusivity to negotiate a purchase of the remaining business operations of WPCS. The original agreement included a provision that during the exclusivity timeframe, Multiband would not sell any of the 709,271 common shares of WPCS International it currently owned. This restriction will now be lifted as well. The terms are consistent with those detailed in the parties’ original June 2011 Letter of Intent.

WPCS International closed at $1.69 Tuesday, a loss of 0.59% for the day on 4.75 times the average daily volume.

Global NuTech Acquires Texas Gulf Oil and Gas

The Deal:
Global NuTech (BOCL) announced Tuesday that the company has acquired 100% of the stock of Houston, Texas based Texas Gulf Oil & Gas. The acquisition from private equity firm Corporate Strategies Merchant Bankers includes individual oilfield producing assets and options throughout the Austin Chalk and near the Eagle Ford shale play in Texas. These assets include leases, options and working interests in 19 oil wells throughout the area and additional options to invest in wells to be drilled or re-entered in three leases identified as the Tilmon, Lay, and Rodenberg. David Mathews, CEO of Global NuTech, said, “Texas Gulf Oil & Gas provides us a platform to expand vertically in the energy markets, specifically in energy services, exploration and production. The President of Texas Gulf, Damon Wagley, brings many years of experience and a qualified team to expand the company’s service and exploration business. The Wagley family first entered the oil and gas business in 1952, and brings a wealth of knowledge, experience and relationships that extend from central Texas to the North Sea. We are quite fortunate to have Damon Wagley’s oil field experience and leadership to build Texas Gulf…
continue reading



Posted in Benzinga, Immediately available to public | No Comments »



Did God Hack Goldman Sachs?

by - January 31st, 2012 6:00 pm

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It is oddly appropriate that when a reader opens the client portal of Goldman Sachs, also known as the bank that does God’s work, in order to pull Jan Hatzius’ take on today’s economic data assortment, one would encounter the following amusingly intentional easter egg…

As a reminder Psalm 138:

1 A Psalm of David. I give thee thanks, O LORD, with my whole heart; before the gods I sing thy praise; 2 I bow down toward thy holy temple and give thanks to thy name for thy steadfast love and thy faithfulness; for thou hast exalted above everything thy name and thy word. 3 On the day I called, thou didst answer me, my strength of soul thou didst increase. 4 All the kings of the earth shall praise thee, O LORD, for they have heard the words of thy mouth; 5 and they shall sing of the ways of the LORD, for great is the glory of the LORD. 6 For though the LORD is high, he regards the lowly; but the haughty he knows from afar. 7 Though I walk in the midst of trouble, thou dost preserve my life; thou dost stretch out thy hand against the wrath of my enemies, and thy right hand delivers me. 8 The LORD will fulfil his purpose for me; thy steadfast love, O LORD, endures for ever. Do not forsake the work of thy hands.

All joking aside, it appears out friends at 200 West have a bit of a mole infestation on their hands…



Posted in Immediately available to public | No Comments »



S&P 500 Snapshot: Fourth Day Down, But a Great January

by - January 31st, 2012 5:35 pm

Courtesy of Doug Short.

The S&P 500 popped at the open, but then fell to a midday low, off about half a percent, before making a steady comeback. The closing hour played touch-and-go with break even, with the finally tally being a fractional loss of 0.05% for the day. That’s the fourth consecutive finish in the red. But the month of January saw a gain of 4.36%. To put that into context, that’s the 11th best January since the inception of the S&P 500, in March 1957. The index is 3.76% below its interim high at the end of April 2011.

From an intermediate perspective, the S&P 500 is 94.0% above the March 2009 closing low and 16.1% below the nominal all-time high of October 2007.

Below are two charts of the index, with and without the 50 and 200-day moving averages.

 

Click to View
Click for a larger image

 

 

Click to View
Click for a larger image

 

For a better sense of how these declines figure into a larger historical context, here’s a long-term view of secular bull and bear markets in the S&P Composite since 1871.

For a bit of international flavor, here’s a chart series that includes an overlay of the S&P 500, the Dow Crash of 1929 and Great Depression, and the so-called L-shaped “recovery” of the Nikkei 225. I update these weekly.

These charts are not intended as a forecast but rather as a way to study the current market in relation to historic market cycles.

 

 

 

 



Posted in Chart School, Immediately available to public | No Comments »



Digimarc Resolves License Dispute with Verance

by - January 31st, 2012 5:00 pm

Courtesy of Benzinga.

Digimarc Corporation (NASDAQ: DMRC) announced today resolution of all disputes with Verance Corporation regarding existing patent and breach of contract claims. Digimarc and Verance will file a joint motion to dismiss Digimarc’s breach of contract claim against Verance related to Verance’s alleged failure to make payments under a license agreement entered into between Digimarc and Verance in August 2002. They also will file a joint motion to dismiss Verance’s appeal in its action for declaratory judgment alleging invalidity and non-infringement of twenty-two Digimarc patents.

In connection with the resolution of these matters, Digimarc and Verance entered into a three year renewal and extension license agreement, effective October 1, 2011, pursuant to which Verance paid Digimarc $8 million for amounts due to Digimarc through September 30, 2011. The agreement further provides that Verance will continue to pay royalties quarterly to Digimarc. Upon completion of the initial three year term, Verance may renew the agreement for up to nine additional one year periods. The renewal and extension license agreement replaces the August 2002 license agreement between the parties.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.



Posted in Benzinga, Immediately available to public | No Comments »



« Older Entries
 
 
 

Zero Hedge

Quote Of The Day

May 23rd, 2013 3:07 pm

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The only sane central banker in the world, the Bundesbank's Jens Weidmann, take the prize for today's quote of the day with the following:

  • ECB'S WEIDMANN WISHES JAPAN `GOOD LUCK IN THEIR EXPERIMENTS'

So do we. They will need it.

And some other pearls from his speech:

  • WEIDMANN: JAPAN SHOWS MONETARY POLICY CAN BE PUSHED INTO DIFFICULT SPOT
  • WEIDMANN: COUNTRIES MUST RESPECT THE RULES OF MONETARY UNION
  • WEIDMANN SAYS ASKING ECB TO CALM MARKETS CREATES A WEAK EUROPE
  • WEIDMANN SAYS STATE INSOLVENCIES MUST BE POSSIBLE IN EURO AREA

And now cue the Princetonians.

...

more from Tyler

All About Trends

Mid-Day Update

May 23rd, 2013 1:40 pm

Reminder: David 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...

more from David

Phil's Favorites

It's a confidence game

May 23rd, 2013 11:47 am

Paul Price discusses the "Confidence Game" being played in the stock market and how to read the indicators. Some commonly used indicators are contrary indicators (e.g. individual investors' sentiment).

Paul made this video for Real Money Pro about a year and a half ago, so his closing thoughts on the market are out-dated. 

It's a confidence game

Courtesy of Paul Price 

...

more from Ilene

Chart School

The More, the Merrier

May 23rd, 2013 11:35 am

Courtesy of Doug Short.

Five years after the 2008 financial market collapse, governments and central banks across the globe have still re-ignited a sustained global economic expansion. What growth there has been, has been localized, sporadic and anemic. Europe remains mired in recession. The expansion in the U.S. is episodic, with alternating quarters of growth and contraction. While China, seemingly rebounding, lacks the aggregate demand to pull other economies along in its wake.

How to put the global economy on an even keel remains a puzzle to be solved. But, a more profound worldwide economic stagnation looms on the horizon. How we tackle today's problems will determine in part our ability to navigate the secular dearth of growth we are soon to face.

According to United Nations' projections, several nations in the developed world will begin to experience a contraction...



more from Chart School

Market Montage

Japan's Nikkei Down 7%+, Chinese Flash PMI Contractionary, Thoughts on "Tapering"

May 23rd, 2013 7:15 am

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Some quick notes:

  • Futures down moderately after yesterday's outside day.   The extreme overbought conditions on the weekly and monthly index charts are finally relenting some.   Even uber bulls would prefer solid entry points on stocks rather than chasing constantly.   The S&P 500 had not touched the 10 day moving average since May 2nd, until yesterday – a not common situation.   In theory the S&P 500 could go all the way down to 1597 – which was its primary breakout level – and still be in decent condition, but surely dip buyers trai...


more from Mark

Sabrient

Sector Detector: Fed tries to refill bulls’ fuel tank as cyclicals lead

May 23rd, 2013 1:52 am

Courtesy of Sabrient Systems and Gradient Analytics

The market went through some gyrations on Wednesday in reaction to Fed Chairman Bernanke’s testimony before the Joint Economic Committee. He first defended continued quant easing by warning, “A premature tightening of monetary policy could lead interest rates to rise temporarily but also would carry a substantial risk of slowing or ending the economic recovery.” Stocks dutifully rallied and all major indexes hit new intraday highs.

But alas, consensus is apparently not a given over the longer term. The minutes hinted that a tapering off could start sooner, “A number of participants expressed willingness to adjust the flow of purchases downward as early as the June meeting if the economic information received by that time showed evidence of sufficiently strong and sustained growth.” So …...



more from Sabrient

Insider Scoop

Long Setup in Herbalife Still Attractive; Stock Breaks Out as New Auditor Hired

May 23rd, 2013 12:00 am

Courtesy of Benzinga.

Few stocks have attracted more news over the last six months than nutritional supplement maker Herbalife (NYSE: HLF).

Even casual market observers are aware of the circumstances surrounding the the initial bout of extreme volatility in the name back in December 2012. The shares went into free-fall at the end of the year after hedge fund manager Bill Ackman revealed in typical sanctimonious fashion that his firm Pershing Square Capital Management was short around $1 billion worth of the stock.

Amid much pomp and circumstance, Ackman laid out his short thesis at a New York investment conference and...



http://www.insidercow.com/ more from Insider

Option Review

Big Volume In Saks Options As Shares Rip Higher

May 22nd, 2013 8:36 pm

 

Today’s tickers: SKS, USG & PFE

SKS - Saks, Inc. – Timely bullish bets initiated in Saks options just seconds prior to the closing bell on Tuesday are generating sizable gains for at least one trader today, with shares in the high-end retailer up at the highest level since 2008. The stock closed Tuesday up 11% on the day at $13.67 after the company reported first-quarter revenue above average analyst expectations. Within minutes of the close shares in SKS moved sharply to the upside after the New York Post, citing a source familiar with the matter, reported...



more from Caitlin

OpTrader

Swing trading portfolio - week of May 20th, 2013

May 19th, 2013 11:38 pm

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

Optrader 

...

more from OpTrader

Stock World Weekly

Stock World Weekly

May 19th, 2013 1:09 am

NEW: Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly! Just sign in with your PSW user name and password, or sign up to try it out. 

...

more from SWW

IRA Strategy/Income Trader

The IRA portfolio

May 15th, 2013 7:35 pm

Reminder: Craigzooka is available to chat with Members regarding his virtual portfolio performance, comments are found below each post.

By Craigzooka

I am going to share with you how I manage my IRA and the power of reducing your cost basis.  My goal each year is a 20% return in my IRA.  Sometimes I make it and sometimes I don't, but I believe that all of my success is due to reducing my cost basis.  To illustrate the power of reducing your cost basis here are some trades we did last year.  These trades are taken from an educational portfolio we ran in a paper-trading account for a little more than a year.

  • We bought RIG on 5/15/2012 for $44.13, sold it on 1/18/2013 for $46 but booked a profit of $1,154.
  • We bought MT on 1/4/2012 for $19.24, sold it on 12/21/2012 for $15 but booked a profit of $454.
  • We bought CHK on 1/27/2012 for $21.93, sold it on 10/19/2012 for $18 b...


more from Strategies

ETF Selector

Stock Market Gets Big News After Friday’s Close

May 12th, 2013 7:23 am

Courtesy of John Nyaradi.

Stock market posts another record setting week, but the big news came after Friday’s close.

Courtesy of NASA

The stock market put on another record setting show with the Dow Jones Industrial Average (NYSEARCA:DIA) closing at a record high 15,118 and the S&P 500 (NYSEARCA:SPY) closing at 1633.70, another all time closing high.

For the week, the Dow Jones Industrial Average (NYSEARCA:DIA) gained 1%, the S&P 500 (NYSEARCA:SPY) climbed 1.2%, the Nasdaq Composite (NYSEARCA:...



more from John

Pharmboy

Give Them an Inch, They Will Take a Mile

January 21st, 2013 8:09 pm

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

Well, well, well....it is good to know that there are others in the scientific arena who believed that YMI Bioscience's data (cough - Gilead) is a better drug than Incyte's Jakafi.  Now, the definitive data are still unknown, but there was enough evidence from a Phase 2 trial to take a small risk for a huge reward.  So, let's forget about Apple (AAPL), and do nothing but biotechs from now until Congress passes universal health care coverage for prescriptions....and drive the prices down so that research and development is no longer feasible to conduct in the US. Even Seattle Genetics (SGEN) has been on a tear as of late...



more from Pharmboy



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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the Favorites backup site (blogroll, archives, more). Contact Ilene to learn about our affiliate and content sharing programs.

Favorites Site >>