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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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Phil's Favorites

Can math predict what you'll do next?

 

Can math predict what you’ll do next?

Courtesy of Daniel J. DenisThe University of Montana and Briana YoungThe University of Montana

Big data makes it a bit easier to guess your next move. blackboard1965/shutterstock.com

Good scientists are not only able to uncover patterns in the things they study, but to use this information to predict the fu...



more from Ilene

Zero Hedge

Mueller "Improperly" Obtained "Tens of Thousands" Of Trump Transition Emails

Courtesy of ZeroHedge. View original post here.

Special Counsel Robert Mueller's team has taken possession of "many tens of thousands" of emails from the Trump transition team, obtained through the General Services Administration - the government agency responsible for hosting the transition email system which used a "ptt.gov" address, and which according to a Trump lawyer were improperly obtained through "unlawful conduct."

The trove of documents, which includes sensitive emails to and from Trump son-in-law and top advisor Jared Kushner, comprise 12 email ac...



more from Tyler

Digital Currencies

What Bitcoin "Deserves"

Courtesy of Slope of Hope

[As posted at Zero Hedge]

I will preface this by saying I don't have a dog in this fight. Whether Bitcoin plummets to its intrinsic value of $0.00 and makes people look like idiots, or whether it goes to a trillion dollars per Bitcoin, it doesn't matter to me. But I want to point out something I find just.......weird.

The press (and, in particular, Bitcoin fanboyz) seem obsessed with the notion that the market cap, so to speak, of Bitcoin is DESTINED to ascend to some higher level. We see diagrams like this:

This is as if to say that Bitcoin "deserves" to be as big as........well......typically, all the gold in the world. I have no earthly idea where this notion came from. Bitco...



more from Bitcoin

Chart School

Tape Reading - Dow Jones Price Waves

Courtesy of Read the Ticker.

This is a continuation of price wave analysis.

More from RTT Tv

RTT Volume wave analysis like this helps the retail investor find price action that is true. The reference to 'tape reading' is by the definition of Richard Wyckoff (section 5M of the Wyckoff Course), you can learn more about RTT Volume Wave here.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net ...

more from Chart School

Insider Scoop

Attention Contrarians: This Analyst Says JD.com Set Up Could Be In Your Favor

Courtesy of Benzinga.

Related JD Want Some Exposure To China's Growth? Stifel Says Buy JD Or Alibaba Q3 13F Roundup: How Buffett...

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

Biotech

Designer proteins that package genetic material could help deliver gene therapy

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

 

Designer proteins that package genetic material could help deliver gene therapy

Courtesy of Ian HaydonUniversity of Washington

Delivering genetic material is a key challenge in gene therapy. Invitation image created by Kstudio, CC BY

If you’ve ever bought a new iPhone, you’ve experienced good packaging.

The way the lid slowly separates from the box. The pull...



more from Biotech

ValueWalk

Tax Bill May Spark Exodus From High-Tax States

Courtesy of FinancialSense.com via ValueWalk.com

The following is a summary of our recent podcast, “Exodus – The Major Wealth Migration,” which can be listened to on our site here on on iTunes here.

It’s looking increasingl...



more from ValueWalk

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...



more from Our Members

Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

more from M.T.M.

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 ...



more from OpTrader

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...



more from Kimble C.S.

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...

more from David



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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