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  1. yodi

    Winston Your short covering of selling callers is in my terms selling Cherry calls!!! The problem is stocks have gone up to fast so you will find these callers (cherry calls ) very quickly ITM and in many cases it would have been better at the present market situation to leave the BCS standing alone.





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ValueWalk

New Study Examines How RIAs Select Actively Managed U.S. Equity Funds

By Advisor Perspectives. Originally published at ValueWalk.

BOSTON, MA. August 21, 2017. A new study reveals how large registered investment advisors (RIAs) select actively managed U.S. equity mutual funds. Among its key findings were that advisors are relatively insensitive to expense ratios on those funds – and that most fund companies should not be pressured to reduce fees. The study also found that wholesalers have little influence getting advisors to select their funds.

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Zero Hedge

So You Wanted To Be "Long Electricity" Into The Eclipse?

Courtesy of ZeroHedge. View original post here.

Energy traders who had hoped to make an easy profit by betting that spot electricity prices would climb around midday on Monday – an idea they may have found on this website - were bitterly disappointed when, instead of spiking, prices tumbled because of an unexpectedly large drop in demand.

Utilities and grid operators had contingency plans ready to compensate for the expected drop in solar. But even with utilities’ backup grids humming, supplies were still widely expected to drop. Instead, energy providers encountered something that they hadn’t anticip...



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Phil's Favorites

Trump is wrong: his 'new' Afghanistan policy looks like more of the same

 

Trump is wrong: his 'new' Afghanistan policy looks like more of the same

Courtesy of Elisabeth Leake, University of Leeds

Donald Trump surprised international audiences with his announcement that he plans to expand the US military intervention in Afghanistan, without setting an end date. This is a turnaround from Trump’s own campaign rhetoric and Barack Obama’s previous goal of dialling back the US’s military campaign – ...



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Chart School

Transports- Global bulls market needs this support to hold!

Courtesy of Chris Kimble

Below looks at the Dow Jones Transports ETF (IYT) that remains in a long-term bull market.

...

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Insider Scoop

Earnings Scheduled For August 23, 2017

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • Lowe's Companies, Inc. (NYSE: LOW) is estimated to report quarterly earnings at $1.62 per share on revenue of $19.54 billion.
  • American Eagle Outfitters (NYSE: AEO) is expected to report quarterly earnings at $0.16 per share on revenue of $823.66 million.
  • Express, Inc. (NYS...


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Biotech

Will CRISPR fears fade with familiarity?

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

 

Will CRISPR fears fade with familiarity?

Courtesy of Patricia StapletonWorcester Polytechnic Institute

With all these ‘test-tube babies’ grown up, how have our reactions to the technology evolved? AP Photo/Alastair Grant

The first “test-tube baby” made headlines around the world in 1978, setting off intense debate on the ethics of researching human ...



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Digital Currencies

Cryptocurrency Hedge Fund Returns 2,129% YTD

Courtesy of ZeroHedge. View original post here.

We'll preface this post by saying we have never heard of the Alternative Money Fund - which "Specializes in Returning Freedom and Value" - and very well may never hear of it again, however it is notable for two things: i) it is a "hedge fund" invested entirely in cryptocurrencies and ii) it has allegedly generated a 2,129% return YTD, making it the best performer in hedgeco's ranking of asset managers YTD.

The "fund's" own description is similar to what one would find in any traditional asset manager, with one...



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OpTrader

Swing trading portfolio - week of August 21st, 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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Members' Corner

Why we need to act on climate change now

 

Why we need to act on climate change now

Interview with Jan Dash PhD, by Ilene Carrie, Editor at Phil’s Stock World

Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, Jan devotes a chapter to climate change and its long-term systemic risk. In this article, Ilene interviews Jan regarding his thoughts on climate change and the way it can affect our futu...



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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...



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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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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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