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  1. phil

    Good morning!  

    Asia was up half a point and Europe is up 1/3 and we are up 1/10th.  I still have my /TF shorts (8 at 1,448) and my oil shorts (10 at $48.36) but looking to get both back to 2 asap.  Oh, even on oil would include getting back my loss so about $47.90.  Probably I'd drop to 5 from there with very tight stops over $48, hoping inventories go well.

    Meeting/StJ – I hope all went well.  

    Oil/Latch – As I often say, I don't end up using tight stops myself as I am not always paying attention to Futures.  That doesn't mean it's not a good idea – I simply don't have time to stare at it all day.  So, I play with conviction and was intending to DD up to $49 (to avg $48.75) but I ended up adding on the way below $48.50 for 8 short at $48.36 now (2nd round).

    Apparently, if the Fed tightens today, it will be quite a shock to the investing community but, if they don't, there's only Sept 20th, Nov 1st and Dec 12th left and Dec is too close to XMas (they learned that lesson) which means they pretty much have to hike both of the other meetings and the Fed likes to stay flexible so better to raise today and see what happens in 6 weeks – especially with the market at highs again.

    Non-condsenable/BDC – Well, if you want to be nit-picky about it, the CO2 itself doesn't cause the warming, the water vapor does but the addition of CO2 in the atmosphere increases the density of the water vapor (because it's non-condensable) and that, in turn, causes warming which then causes more water to vaporize which causes a feedback loop that leads to Venus.  Also, Hanj's chart only proves GDP is expanding faster than CO2, which is good but doesn't really help the planet if it's still increasing.

    Image result for venus global warming

    Image result for venus global warming

    Image result for venus global warming

    ESRX/Batman – Still BS'ing about the Anthem contract.  They have offered terms ESRX won't accept and they'll lose them in 2019 (biggest customer) if they don't have a deal by early next year.  The reality is ANTM, who sued ESRX for overbilling (and lost) can't find anyone who will come close to the current prices so they are just being dicks but it's a bad relationship to have with your biggest client.  

    Oil/Latch – Grinning and bearing at the moment ($48.38).

    Indexes popping too.  

    Demand/Malsg – A leap forward in battery tech and oil dies a sudden death.  





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Zero Hedge

Gartman: "Bloomberg Has Damaged Our Reputation"

Courtesy of ZeroHedge. View original post here.

One day after we reported that "Dennis Gartman Blows Up With Investment In Riot Blockchain", Bloomberg followed up with a virtually identical article, titled "Risky crypto bet blows up Dennis Gartman's retirement account."

And yet, oddly, despite being one of the most read features on Bloomberg this morning, the title was surprisingly changed, to the more bland "...



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Phil's Favorites

Trump's infrastructure plan rests on some rickety assumptions

 

Trump's infrastructure plan rests on some rickety assumptions

The new plan is supposed to boost the construction of new roads, bridges and other public works projects. AP Photo/Seth Perlman

Caroline Nowacki, Stanford University and Kate Gasparro, Stanford University

Experts greeted the long-awaited details of President Donald Trump’s promise to unleash a ...



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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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Insider Scoop

Earnings Scheduled For February 22, 2018

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • Quanta Services Inc (NYSE: PWR) is estimated to report quarterly earnings at $0.44 per share on revenue of $2.34 billion.
  • Sprouts Farmers Market Inc (NASDAQ: SFM) is projected to report quarterly earnings at $0.15 per share on revenue of $1.14 billion.
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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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