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  1. phil

    Good morning!

    Terrible fire in London – you don't need terrorism when we are so terrible to each other.  As Malsg notes, for many years people have been saying the building is a fire trap and needed to be brought up to code but that would inconvenience the ultra-wealthy people who live in the area as it would have cost them about $10 each to give people decent living conditions in their own neighborhood.  One of these days, people will rise up and revolt….

    As we feared, /NG did not have good support under $3 and down to $2.93 now with /NGV7 at $2.96.  I've got 6 long at $3 and hoping to get back to $2 even.  The API report took it down along with oil and /RB.  Oil $46 is a good long, /RB $1.48 is good too but this is for quick money as there are still a ton of contracts to roll.

    Lazyboy/Scott – Wow, so now we're just our parents telling them to turn that crap off and ranting about how, in our day, people used to play actual drums and a record player was not an instrument…

    TSLA $380!

    Asia was flat and Europe, like our Futures, is up slightly ahead of the Fed.  Testing 1,430 on /TF – there's no reality here anymore, we'll just have to go with the flow.  /NQ right at the strong bounce goal at 5,780 but the money that flowed out of tech just went right back into other stocks as there is literally nothing else to do with money other than buy equities (or Bitcoins).  

    Watch /NKD at 20,000, above that is bullish.





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ValueWalk

Elon Musk, Steve Jobs, Jack Ma, Larry Ellison, Bill Gates, Charlie Munger Etc on Education - In their Own Words

By VW Staff. Originally published at ValueWalk.

See what the world’s most successful dropouts think about education. Several are illiterate. Re-evaluate your opinion on learning, knowledge, and success by seeing Elon Musk, Steve Jobs, Jack Ma, Robert De Niro, Larry Ellison, Bill Gates, Charlie Munger, Beatrix Potter, Chris Dawson who can’t write, Micheal Dell, Felix Dennis, Peter Thiel, Thomas Edison, Robert Kiyosaki, Richard Branson and others – reveal their views on the school system and learning.

]]> Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

...

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Phil's Favorites

Aid for Sex

Courtesy of The Automatic Earth.


J.J. Grandville ‘A Comet’s Journey’, Illustration from ‘Un Autre Monde’ 1844

Oxfam. I’m wondering if I should warn this is not for the faint of heart, or say don’t read on an empty stomach. If so, hereby. I know I found it hard.

The first and foremost thing the BBC last week felt its audience should know about the sleaziest scandal to come out of Britain in quite some time -and that’s saying something- is that an actress had turned her back on the aid organization. Your news in bite-size pre-chewed headlines.

While a guy who ‘served’ Oxfam in Bosnia claims it’s nobodyȁ...



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Zero Hedge

'Bump Stock' Prices Spike After Trump's Ban Plan

[Maybe it's time to close up shop. 1. Bump stocks are not protected the second amendment. 2. It's hard to make a serious argument that these items have a useful purpose that outweighs their potential for harm.]

Courtesy of ZeroHedge. View original post here.

"I built something, and a madman is taking it all away," exclaimed Jeremiah Cottle, shortly after the deadliest mass shooting in American history took place last year in Las Vegas.

Who is Jeremiah Cottle? The inventor of the 'bump stock' wh...



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Insider Scoop

BofA Sees 12% Upside In Global Payments

Courtesy of Benzinga.

Related GPN Earnings Scheduled For February 15, 2018 Benzinga's Top Upgrades, Downgrades For January 9, 2018 ...

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Chart School

Sellers Come In But Semiconductors Gain

Courtesy of Declan

Markets were set up for sellers with most indices experiencing broad selling. However, the one index which looked set up best for shorts - the Semiconductor Index - actually managed to gain.  Anyone taking up Friday's short in the latter Index will have been stopped out but another shorting opportunity may have presented itself. Technicals haven't returned to becoming net bullish but only the ADX remains to shift.
 


The S&P eased a little lower but didn't return below what was channel support. Tec...



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Digital Currencies

As Bitcoin Nears $11,000, Here's A History Of Its Biggest Ups And Downs

Courtesy of ZeroHedge. View original post here.

The cryptocurrency rebound off Feb 5th's bloodbath lows (below $6,000 for Bitcoin) has been impressive, as a 'mysterious' massive buyer 'bought the dip' and momentum took care of the rest.

With Bitcoin now nearing $11,000 (almost a double off the lows), ...



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Biotech

What is 'right to try,' and could it help?

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

 

What is 'right to try,' and could it help?

In this March 18, 2011 photo, Cassidy Hempel waved at hospital staff as she was being treated for a rare disorder. Her mother Chris, left, fought to gain permission for an experimental drug. AP Photo/Marcio Jose Sanchez

Morten Wendelbo, Texas A&M University and Timothy Callaghan, ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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OpTrader

Swing trading portfolio - week of September 11th, 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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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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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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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.

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