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April 29th, 2016 9:31 am
Courtesy of Doug Short's Advisor Perspectives.
Note: This commentary has been updated to include this morning's release of the March data for Real Personal Income Less Transfer Receipts.
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.
There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are:
April 29th, 2016 9:00 am
Submitted by Tyler Durden.
A key index of gold stocks is hitting its first level of major potential resistance since its false breakdown to all-time lows in January.
Flashback to January 26 of this year. The PHLX Gold/Silver Index, or XAU – the longest running index of gold stocks – was recovering from its breakdown earlier in the mo...
April 29th, 2016 7:49 am
By Jacob Wolinsky. Originally published at ValueWalk.
THE MOST IMPORTANT THING BY BILLIONAIRE HOWARD MARKSGet The Full Henry Singleton Series in PDF
Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.Published on Mar 14, 2016
Download Stig & Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist
Subscribe to The Investors Podcast on iTunes: ...
April 29th, 2016 2:02 am
Courtesy of Mish.
First quarter GDP came it at a very weak +0.5%.
Despite obvious weakness, that GDP estimate is likely overstated.
Moreover, hopes for a huge second quarter bounce are highly overrated.
Those are pretty bold statements so let’s consider the case.
Seasonal Adjustment Flashback
Dateline May 22, 2015: The Wall Street Journal reports First-Quarter Growth May Look Better After Upcoming Statistical Tweaks.
The Commerce Department on Friday said it is planning a series of steps to smooth out statistical quirks that may be affecting quarterly gross domestic product data...
April 29th, 2016 1:15 am
Financial Markets and Economy
A bull market that has been derided as fake, doomed and history’s most-hated just earned a new title: the second-longest ever.
Dear Prudence – A Warning In Today’s GDP Growth Data (Value Walk)
While there is no doubt that patience is a virtue for investors, exercising prudence is equally important. In our prior article “Limiting Losses”, we examined how taking prudent measures, at certain times, can enhance your ability to create wea...
April 29th, 2016 12:00 am
Courtesy of Benzinga.Related XOM Check-up on Energy: XOM and CVX Earnings Preview What's Weighing on Markets? AAPL, Tech Stocks ...
April 28th, 2016 1:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
April 28th, 2016 8:59 am
Courtesy of Chris Kimble.
Below takes a look at the Valu-Line index over the past couple of decades. Could a “Triple Top” be in play in the broad based index?
CLICK ON CHART TO ENLARGE
One year ago this week (4/24/15) the Valu Line peaked, as it was hitting the highs it reached in the late 1990’s and 2007.
Was this index influenced by the “Sell In May” theme one year ago th...
April 28th, 2016 12:24 am
Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.
Remember this? It was Monday. PRGO is down from around $130 to under $100 since I started following it LAST WEEK. That's down almost 25% in a week, and almost 50% in the last year. So I wrote,
"Perrigo CEO Joseph Papa leaves Perrigo (PRGO) to lead Valeant (VRX) while PRGO issues a warning about missing earnings expectations. Not surprisingly, PRGO stock plummeted today.
Robert Ingram, Chairman of the [Valeant] Board, stated, "The Board has conducted a thorough search process and believes that Joe is the ideal leader for Valeant at this time. He has a strong shareholder orientation,...
April 25th, 2016 11:03 am
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 ...
April 21st, 2016 9:23 pm
Back on September 2, 2015 when bitcoin was trading at $230, we laid out the simplest and most fundamental reason why, irrelevant of one's ideological persuasion with "alternative" or digital currency - bitcoin would soar.
it was earlier this summer when the digital currency, which can bypass capital controls and national borders with the click of a button, surged on Grexit concerns and fears a Drachma return would crush the savings of an entire nation. Since then, BTC has dropped (in no small part as a result of the ...
March 4th, 2016 12:48 pm
Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,
The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now.
And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now.
Phil writes back,
I was expecting them to start throwing poop at each other &n...
December 15th, 2015 2:15 pm
We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!
PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!
News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.
If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...
May 22nd, 2014 5:03 pm
"Hello PSW Members –
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at firstname.lastname@example.org with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
Thank you for you time!
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...