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  1. phil

    VXX/Jash – So it was net $1,250 and now the Oct $38s are 0.95 ($1,900) so still salvageable.  If you want to continue to be long vol, You can assume we won't hit $42 by next Friday, cash the $38s and roll to the Jan $35 ($6)/38 ($5) bull call spread for $1 as those are almost $2 in the money.  The short puts are $3.60 at the moment and the Jan $34 puts are also $3.60 so, if you can roll down $6 (15%) every quarter – it's hard to worry about those, right? 

    • The pro-business policies of the new administration were hoped to unleash a wave of corporate lending, but Federal Reserve data show the growth in such loans dropping to 2.1% from 8.1% last November.
    • "All the turmoil and the inability to move policy through Washington set in,” says Jeff Glenzer from the Association for Financial Professionals.
    • Others, however, say the slowdown may just be a return to the mean – growth in corporate lending has run well head of GDP growth in the years since the financial crisis.
    • Q3 earnings results begin this week, with JPMorgan and Citigroup on Thursday. Analysts have been trimming some earnings estimates – U.S. Bancorp (NYSE:USB) and BB&T (NYSE:BBT) to name two – as bank managements during conference season last month signaled slower-than-hoped loan growth.
    • The Wall Street Journal reports that Apple (NASDAQ:AAPL) has struck a deal with Steven Spielberg to produce new episodes of a classic 1980s sci-fi and horror anthology.
    • The deal involves Apple, Spielberg’s Amblin Television, and Comcast’s (NASDAQ:CMCSA) NBC and pertains to NBC’s show “Amazing Stories.” 
    • Spielberg will likely serve as executive producer for the ten episodes, which reportedly each have a budget of over $5M. 
    • Apple has committed $1B to developing original programming over the next year and has hired top talent including former Sony TV executives Zack Van Amburg and Jamie Erlicht.   
    • Apple has dropped its planned Elvis Presley biopic with the Weinstein Co. as Harvey Weinstein’s removal from his company, due to an increasing number of sexual assault allegations, triggered a clause that let Apple leave the deal.    
    • Previously: 64% of Americans own an Apple product; Supreme Court seeks advice on Apple case (Oct. 10)
    • Sears Canada (OTCPK:SRSCQ) files for court approval to go through a liquidation process after failing to receive any viable bids for its business.
    • The retailer has a hearing set for October 13 with the Ontario Superior Court of Justice on the matter.
    • Shares of Sears Canada trade for pennies on the OTC market. Nasdaq-listed Sears Holdings (NASDAQ:SHLD) is down 4.48% on the day and is off 27% YTD.
    • Catalan President Carles Puigdemont defuses at least a little bit of tension with Madrid, declaring independence, but then stopping the separation process to instead have talks with the Spanish government.
    • Puigdemont and his team remain in danger of arrest for sedition, and Spanish President Mariano Rajoy has previously rejected any talks until secession plans are abandoned.
    • A Rajoy spokesman following Puigdemont's speech: "He has made a deferred declaration of independence … [Puigdemont] has taken his irresponsibility to the absolute extreme by ignoring the laws, citizens."
    • Down earlier in the session, the Spanish ETF (NYSEARCA:EWP) has jumped into the green, now up 1.5%.
    • Deutsche Bank has trimmed price targets on Sprint (S -2.9%) and T-Mobile (TMUS -0.5%), saying the much-discussed merger talks face risks as the coming election year brings a swell of populism.
    • "We remain very bearish on the prospects for deal approval," analyst Matthew Niknam says, trimming the firm's target on Sprint to $7 from $8 (Sprint's down to $7.09 today), and on T-Mobile to $65 from $70 (implying 6.1% upside).
    • A less corporate-friendly mood is taking over, he notes: "The Democrats' Better Deal agenda highlights ongoing corporate consolidation as a threat to U.S. consumers, and proposes sharper scrutiny of potential deals."
    • Also today: Sprint owner SoftBank (OTCPK:SFTBYup 2.8%; T-Mobile parent Deutsche Telekom (OTCQX:DTEGYup 0.8%.
    • Wal-Mart (NYSE:WMT) execs painted a bright picture during the company's presentation today for the investment community.
    • The fresh food business at Sam's Club was highlighted as an area of strength. It was also noted that Sam's e-commerce sales rose 27% during the first half of the year.
    • Look for zero-based budgeting to start in areas of the company and for e-commerce losses to narrow.
    • The company expects capex spending to be ~$11B for FY18 and FY19.
    • Walmart International is expected to open about 255 new stores, including a focus on Mexico and China.
    • In one of the biggest developments, Wal-Mart management said Walmart.com will feature the Jet.com smart-cart system that allows customers to find cheaper prices if they choose certain checkout and delivery options.
    • Wal-Mart 2017 Investment Community Meeting webcast
    • Previously: Wal-Mart update includes new buybacks, +3% growth forecast (Oct. 10)
    • Previously: Wal-Mart flies to 52-week high, lifts retail peers (Oct. 10)





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ValueWalk

2016 Prime Quadrant Conference: Chanos, Zuckerman, Schapiro, (Cliff) Robbins, Rubenstein And More

By Akhlaqahmed9941. Originally published at ValueWalk.

Prime Quadrant just posted these videos from the 2016 Conference and there are some great speakers find the videos below- see 2017 ones here

More conference coverage here

[singletion]

Stanley Bergman was a speaker at the 2016 Prime Quadrant Conference in Toronto, Canada. The Prime Quadrant Conference is an annual event, bringing together 350+ ultra-high-net-worth investors in support of medical research and care. ...



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Zero Hedge

IBM "Beats" Thanks To Record Low Tax Rate

 

IBM "Beats" Thanks To Record Low Tax Rate

Courtesy of Zero Hedge

Last quarter, IBM - once again - almost fooled the market  when it "beat" but only thanks to using the lowest (until then) effective non-GAAP tax rate in its history (excluding one charge-filled quarter in which the rate N/M). Fast forward to the last quarter of 2017 when IBM did it, or at least tried it, yet again: in the three months ended Dec. 31, IBM reported Non-GAAP EPS of $5.18, barely above the ...



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Phil's Favorites

Gallup Poll: U.S. Is Dramatically Losing Global Respect

Courtesy of Pam Martens.

By Pam Martens and Russ Martens: January 19, 2018

Since the inauguration of Donald Trump on January 20, 2017, the stock market has performed as if it is operating in an alternative universe, regularly setting new record highs despite unprecedented chaos coming from the White House. Now, a new Gallup poll is calling into question how long the divergence between the market’s view of Trump and the world view of Trump can continue.

A new Gallup poll released...



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Insider Scoop

14 Stocks Moving In Friday's Pre-Market Session

Courtesy of Benzinga.

Gainers
  • Forward Industries, Inc. (NASDAQ: FORD) rose 64.5 percent to $2.04 in pre-market trading after the company reported the acquisition of Intelligent Product Solutions.
  • PLx Pharma Inc (NASDAQ: PLXP) rose 31.2 percent to $8.00 in pre-market trading. Janney Capital initiated coverage on PLx Pharma with a Buy rating and a $14.00 price target.
  • Acorda Therapeutics Inc (NASDAQ: ACOR) rose 15.4 percent to $28.85 in pre-market trading amid M&A chatter. The...


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

Digital Currencies

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

 

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

Courtesy of Vitaliy Katsenelson, Contrarian Edge

If you invested in the markets circa 1999, it is hard to observe the Bitcoin mania and not experience the feeling that you’ve seen this movie before and know how it will end – in losses and tears. The internet was a great idea that convinced a lot of great minds to invest capital and energy into businesses that have transformed the world – Amazon, eBay, Cisco, PayPal … the list is very long (though in fairness the list of non-survivors is even longer – but they are not here to remind us of their nonexistence).

R...



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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker.

Investors see this, higher support levels in metals and metal stocks, the big boys may be done with their tricks and a move up is near.

readtheticker.com has been watching the price move over the Gann angles with gold (GLD). Demand has proved it self so far, 2018 may see the red bearish 1x1 (down line) challenged near $140. Of course this does not mean another test of $125 is unlikely, the big boys are using all the tricks in the book to not allow the public to enjoy are profitable market up process.

Gann Angles mixed with cycles and ...

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Biotech

How Alzheimer's disease spreads throughout the brain - new study

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

 

How Alzheimer's disease spreads throughout the brain – new study

Courtesy of Thomas E CopeUniversity of Cambridge

Harmful tau protein spreads through networks. Author provided

Alzheimer’s disease is a devastating brain illness that affects an estimated 47m people worldwide. It is the most common cause of dementia in the Western world. Despite this, there are currently no treatments that are effective in curing Alzheimer’s disease or preventing its relentless progressio...



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Mapping The Market

Trump Admin Bans CDC From Using Words Like 'Science-Based,' 'Diversity'

By Jean-Luc

These are the policies of a theocracy, not a modern democracy:

Trump Admin Bans CDC From Using Words Like ‘Science-Based,’ ‘Diversity’

The Trump administration has prohibited the Centers for Disease Control and Prevention (CDC) from using words like “science-based,” “diversity,” and “transgender” in their official documents for next year’s budget, according to the Washington Post.

Senior CDC budget leader Alison Kelly met with the agency’s policy analysts on Thursday to announce ...



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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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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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