Watch Phil's Weekly Trading Webinar below (and subscribe at YouTube here).
Major Topics: Europe, Dollar, Bonds, Nikkei, GILD, BHI, BA, Futures, PE, Oil, VLKAY, SQQQ, Short and Long Term Portfolio
1:00 Stock market is horrible. Europe closed down over 3%, US Dollar running higher, bonds, trade ideas.
7:13 The US Dollar can move the Nikkei up and down. America has strict emission testing and Europe has a bogus emission testing. Volkswagon (VLKAY) is in big trouble.
11:00 Be in cash — there are problems everywhere, including the US government shutting down in 8 days.
12:45 GILD, Chart review, positions, trade ideas. When in cash, you can use margin to sell puts and possibly buy a stock at a substantial discount.
20:25 BHI: Long Term Portfolio, review positions. Do not be fooled by the balance on your sheet! Trade ideas.
32:25 Boeing (BA) trade ideas, chart review.
39:40 Finviz's chart of the futures, Nasdaq, Russell, S&P, Nikkei, DAX, Euro Stoxx, VIX, DJIA. Trade Ideas, chart review.
55:00 P/Es depend on stock. Phil likes P/Es to be less than 20 in general.
1:01:05 Oil last day of September contract trade. Chart review. The right price for WTI is about $45. How to trade the oil scam. Right now, Phil wouldn't touch it oil futures. Be patient, wait for good set up.
1:10:00 The correct time to enter the trade is not most of the time. Don't over-trade. Don't enter a trade unless you are pretty sure that all the factors are lining up in your favor.
1:17:07 Volkswagon (VLKAY) chart review. BP chart review — how stocks in crises trade. What's a good price? Phil would sell some VLKAY puts, but would not over-commit at current prices.
1:24:00 BA.
1:25:15 BMW and Ford good companies.
1:26:20 Italy's in bad shape, not much better than Greece.
1:27:40 JNJ chart review. Many recalls and problems in the medical devises division. Otherwise, it's a good company.
1:29:00 Market is not that strong here, there are bargains out there though. The Fed and what they are going to do if the market crashes. Negative interest rates.
1:31:45 Risk. Portfolio trade ideas. We should not have more than 10% in a single position. And 20 active plays max.
1:35:00 SQQQ
1:36:50 5% Portfolio, review positions, strategies.
1:38:45 Short-term Portfolio
1:40:30 SQQQ, position management and hedges.
1:43:00 Reits, ARR and others.
1:43:50 Emerging Markets – bad time for that. Reviewing the indexes.
