Author Archive for Insider Scoop

Watch These 8 Huge Call Purchases In Friday Trade

Courtesy of Benzinga.

Benzinga’s newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Thursday’s regular session.

  • The Coca-Cola Co (NYSE: KO) Jan18 47.0 Calls Sweep: 994 @ ASK $0.93: 5173 traded vs 11k OI: Earnings 7/25 Before Open (est) $45.04 Ref
  • Ciena Corporation (NYSE: CIEN) Jun 25.0 Calls Sweep: 3500 @ ASK $0.633: 3781 traded vs 5677 OI: Earnings 6/1 Before Open $23.27 Ref
  • Express, Inc. (NYSE: EXPR) Jun 9.0 Calls Sweep: 501 @ ASK $0.35: 3215 traded vs 34k OI: Earnings 6/1 Before Open $7.99 Ref
  • Corning Incorporated (NYSE: GLW) May 26th 29.5 Calls Sweep: 712 @ ASK $0.135: 3156 traded vs 466 OI: Earnings 7/25 Before Open (est) $29.50 Ref
  • Fred’s, Inc. (NASDAQ: FRED) Oct 20.0 Calls: 2916 @ ASK $1.05: 3000 traded vs 140 OI: Earnings 6/6 Before Open $13.98 Ref
  • Staples, Inc. (NASDAQ: SPLS) Jun 9th 9.5 Calls Sweep: 2782 @ ASK $0.10: 2782 traded vs 14 OI: Earnings 8/17 Before Open (est) $8.90 Ref
  • Rite Aid Corporation (NYSE: RAD) Aug $5.5 Call; 7840 @Ask @$0.35; Ref = $3.67
  • Momo Inc (ADR) (NASDAQ: MOMO) Jun 2nd 37.5 Calls Sweep: 1017 @ ASK $1.441: 2213 traded vs 27 OI: Earnings 8/15 Before Open (est) $37.43 Ref

Posted-In: Huge Call PurchasesOptions Markets Movers Trading Ideas





The Market In 5 Minutes

Courtesy of Benzinga.

The Market In 5 Minutes

IN THE NEWS

BENZINGA

The disruption of retail is in a revolutionary stage, with traditional retail’s presence and influence dwindling by the day: Link

On May 25, 1931, the New York Stock Exchange delivered its first public report on the total number of shares sold short to that day, as well as that amount as a percentage of the total equity available on the market — the short interest: Link

With Memorial Day ushering in the unofficial beginning of summer, gas prices are set to rise. The peak summer driving season is typically a period when gas prices see an uptick due to the increase in demand: Link

THE WALL STREET JOURNAL

The New York Stock Exchange is seeking to change its listing standards as it vies for Spotify AB and other hot startups that are considering an unusual tactic called a direct listing: Link

Big companies are giving up on the stock split, once considered a way to keep shares affordable for the retail trader, as companies aspire to new heights: Link

REUTERS

U.S. President Donald Trump on Thursday intensified his accusations that NATO allies were not spending enough on defense and warned of more attacks like this week’s Manchester bombing unless the alliance did more to stop militants: Link

The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend “worrisome.”: Link

BLOOMBERG

Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows: Link

The rules of insider trading are complicated. You might think it’s as simple as “don’t trade on nonpublic information you got from an insider,” but it isn’t: Link

NY POST

Amazon (NASDAQ: AMZN) may have finally killed the bookstore once and for all — by opening one: Link

ECONOMIC DATA

  • Data on durable goods orders for April will be released at 8:30 a.m. ET.
  • Data on Gross Domestic Product for the first quarter will be released at


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A Peek Into The Markets: U.S. Stock Futures Drop Ahead Of GDP, Durable-Goods Orders Data

Courtesy of Benzinga.

A Peek Into The Markets: U.S. Stock Futures Drop Ahead Of GDP, Durable-Goods Orders Data

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on durable goods orders for April and Gross Domestic Product for the first quarter will be released at 8:30 a.m. ET. The University of Michigan’s consumer sentiment index for May is schedule for release at 10:00 a.m. ET. U.S. markets will be closed Monday for the Memorial Day holiday.

Futures for the Dow Jones Industrial Average dropped 38 points to 21,025.00, while the Standard & Poor’s 500 index futures fell 4.75 points to 2,408.75. Futures for the Nasdaq 100 index declined 8.25 points to 5,773.75.

Oil prices traded lower as Brent crude futures fell 0.37 percent to trade at $51.27 per barrel, while US WTI crude futures dropped 0.27 percent to trade at $48.77 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 1.01 percent, STOXX Europe 600 Index falling 0.52 percent and German DAX 30 index dropping 0.52 percent. The UK’s FTSE index was trading lower by 0.02 percent, while French CAC 40 Index declined 0.77 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.64 percent, Hong Kong’s Hang Seng Index rose 0.03 percent, China’s Shanghai Composite Index gained 0.07 percent and India’s BSE Sensex rose 0.90 percent.

Broker Recommendation

Analysts at JP Morgan upgraded Ecolab Inc. (NYSE: ECL) from Neutral to Overweight.

Ecolab shares rose 0.77 percent to close at $130.31 on Thursday.

Breaking news

  • Big Lots, Inc. (NYSE: BIG) reported better-than-expected earnings for its first quarter and raised its FY17 outlook.
  • GameStop Corp. (NYSE: GME) reported stronger-than-expected results for its first quarter. However, the company reaffirmed its FY17 earnings outlook.
  • Costco Wholesale Corporation (NASDAQ: COST) reported better-than-expected earnings for its third quarter.
  • Ulta Beauty Inc (NASDAQ: ULTA) reported upbeat results for its first quarter and raised its FY17 outlook.

Posted-In: A Peek Into The MarketsEarnings News Guidance Eurozone Global Pre-Market Outlook Markets





Bitcoin, Bitcoin, Bitcoin: Why Some Buy And Some Don’t

Courtesy of Benzinga.

Bitcoin, Bitcoin, Bitcoin: Why Some Buy And Some Don't

Amid the hype of the WannaCry scare, which catalyzed a 43-percent pop in bitcoin value, the cryptocurrency is all anyone’s talking about.

In the last two months, it has more than tripled in price, from $925.20 on March 24 to $2,791.70 May 25. Wednesday’s rate was more than double that of April 30 and represented a 447-percent year-over-year gain. At the beginning of 2015, it was trading below $200, and at a present rate of $2,577.32, it’s continuing to shatter all-time highs.

But even as the bitcoin rockets, some traders are disinclined to engage.

Why Some Won’t Buy

Dennis Dick, proprietary trader at Bright Trading LLC and co-host of Benzinga’s PreMarket Prep radio show, remains skeptical, deterred primarily by uncertainty surrounding valuation and price targeting.

“How do I sit back and crunch numbers and come up with a fundamental value for bitcoin?” he quipped on Thursday’s PreMarket Prep. “If you have a traditional currency like the Canadian dollar, you can look at trade, you can look at interest rates, you can look at what shape the economy is in to try to get a gauge for if people are going to demand Canadian dollars or not.”

Jeff Goldman, author of “Failed Traders,” can empathize.

Related Link: Is It Possible To Turn $100 Into $70 Million? It Is If You Bought Bitcoin 7 Years Ago

“It just comes down to supply and demand,” Goldman said on the show. “But the supply part is set on bitcoin, and now all it is is being demand-driven right now, so fundamentally, I don’t know how you value it, to be honest.”

But that hasn’t prevented him from trying. Goldman weighs cryptocurrencies’ fundamental values partly by looking at “smart players” and high-profile companies buying in, and it appears other investors entertain similar strategies. Since Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC) and JPMorgan Chase & Co. (NYSE: JPM) made a February play on Ethereum, the currency’s value has rose from $14.58 to $193.04.

Another method of valuation is tracking the scheduled mining of bitcoins. Specific quantities are released periodically, and the exact number in circulation is easily discovered for calculations.

Goldman’s Bitcoin Play

As a believer…
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Citi Says Don’t Buy Etsy Shares Here

Courtesy of Benzinga.

Citi Says Don't Buy Etsy Shares Here

Shares of Etsy Inc (NASDAQ: ETSY) hit an all-time low of $8.40 immediately following the company’s earnings report in early May. But the stock quickly rebounded as investors become optimistic that an activist investor campaign and a new management slate could result in a potential sale of itself.

Wait And See

But with shares trading north of $13 per share on Wednesday, analysts at Citi aren’t prepared to recommend investors accumulate new positions in Etsy’s stock.

Citi’s Mark Kelley commented in a research report that he isn’t optimistic that Etsy will sell itself in the near term. But investors who already own the stock shouldn’t necessarily look to sell; the analyst thinks Etsy could fetch a price tag of $21 to $22 per share in any eventual sale.

However, Kelley also thinks that as a standalone entity Etsy is worth just $7 per share; operating alone implies little to no improvement in operational performance.

Justification For The Downgrade

As such, the analyst is downgrading Etsy’s stock rating from Buy to Neutral with a $14 price target, which is in line with its last 12-months average and comps.

Bottom line, Kelley argued that “the market is hoping for near-term M&A but holding on to this thinking could disappoint investors.”

Related Links:

Analyst: Etsy Could Make Sense For eBay, But Sale Over Near Term Is Unlikely

Etsy Hits Highest Level Of 2017

Latest Ratings for ETSY

Date Firm Action From To
May 2017 Citigroup Downgrades Buy Neutral
May 2017 Loop Capital Downgrades Buy Hold
Dec 2016 Stifel Nicolaus Initiates Coverage On Hold

View More Analyst Ratings for ETSY


View the Latest Analyst Ratings

Posted-In: Citi Etsy Mark KelleyAnalyst Color Downgrades Price Target Analyst Ratings Tech Best of Benzinga





Watch These 5 Huge Put Purchases In Wednesday Trade

Courtesy of Benzinga.

Benzinga’s newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Tuesday’s regular session.

  • Royal Bank of Scotland Group PLC (NYSE: RBS) Jun 7.0 Puts Sweep: 1000 @ ASK $0.30: 7244 traded vs 139 OI: Earnings 8/4 Before Open $6.90 Ref
  • Rite Aid Corporation (NYSE: RAD) Jun 3.5 Puts: 1000 @ ASK $0.35: 1013 traded vs 3287 OI: Earnings 6/22 Before Open (est) $3.59 Ref
  • Urban Outfitters, Inc. (NASDAQ: URBN) Jun 18.0 Puts: 1446 @ Above Ask! $0.38: 1501 traded vs 561 OI: Earnings 8/15 After Close $18.87 Ref
  • Exelixis, Inc. (NASDAQ: EXEL) Jun 20 Put; @2355 @Bid @$1.05; Ref=$19.92
  • Chico’s FAS, Inc. (NYSE: CHS) Jun 10.0 Puts Sweep: 750 @ ASK $0.30: 771 traded vs 44 OI: Earnings Today Before Open $11.07 Ref

Posted-In: Huge Put PurchasesOptions Markets Movers Trading Ideas





Intuit’s Q3 Proves The Company Can Continue Positive Growth, Says Credit Suisse

Courtesy of Benzinga.

Intuit's Q3 Proves The Company Can Continue Positive Growth, Says Credit Suisse

Shares of Intuit Inc. (NASDAQ: INTU) gained more than 8 percent after the financial management solutions provider reported its fiscal third-quarter earnings report.

Following the report, Credit Suisse’s Michael Nemeroff maintained an Outperform rating on Intuit’s stock with a price target boosted from $120 to $150. Part of the analyst’s bullish stance stems from the company’s earnings report in which revenue, earnings per share, cash flows, and Quickbook net sub adds all came in at or above consensus estimates.

Nemeroff highlighted the company’s Consumer Tax revenue growth in the quarter rose 9.8 percent year-over-year, which contributed most of the revenue outperformance in the quarter. Growth in the Small Business unit was also “much better” than expected and driven primarily by Desktop revenue, which rose 12.2 percent.

Confidence In Growth

The analyst also argued the earnings report gives him confidence that management will be able to show a high-single-digit to low-double-digit revenue growth over time while simultaneously delivering faster earnings growth.

The analyst increased his fiscal 2017 earnings per share estimate from $5.08 billion to now $5.14 billion while his earnings per share estimate also rose from $4.38 to $4.39 per share.

Finally, Nemeroff’s price target implies a revenue compounded annual growth rate of 8.3 percent from 2019 to 2026 and terminal operating margin of 40 percent.

See Also:

25 Stocks Moving In Wednesday’s Pre-Market Session

How Your Taxes Will Be Different Next Year, And Why You’ll Have Trump To Thank

Latest Ratings for INTU

Date Firm Action From To
Apr 2017 Benchmark Initiates Coverage On Buy
Feb 2017 Credit Suisse Upgrades Neutral Outperform
Nov 2016 Evercore ISI Group Initiates Coverage On Hold

View More Analyst Ratings for INTU


View the Latest Analyst Ratings

Posted-In: Consumer Tax Credit Suisse intuit Michael Nemeroff taxesAnalyst Color Price Target Analyst Ratings Best of Benzinga





Venerable Sports Car Maker Lotus Sold To Chinese Billionaire

Courtesy of Benzinga.

Venerable Sports Car Maker Lotus Sold To Chinese Billionaire

Legendary carmaker Lotus — once a force in Formula One racing and a star of such British television series as “The Avengers” and “The Prisoner” along with the late Roger Moore vehicle “The Spy Who Loved Me”-- has been sold.

The purchase is part of a deal by Zhejiang Geely Holding Group, owned by billionaire Li Shufu, to buy a 49.9 percent stake in Malaysian carmaker Proton, which owns Lotus, BBC reported. Geely, which also owns the London Taxi Company and Sweden’s Volvo Car Group, will have a 51 percent stake in Lotus.

The deal was announced Wednesday, though the two sides are still negotiating a final price, Bloomberg reported.

Rich History

The epitome of British motoring style, Lotus has a history arguably as rich as Maserati, Lamborghini, Porsche and Ferrari.

A Lotus Formula One car driven by Stirling Moss won the marque’s first Grand Prix in 1960 at Monaco.

The Lotus Esprit SQ gained more global attention when it was featured in the 1977 James Bond movie “The Spy Who Loved Me” — starring Moore, who died on Tuesday — when it replaced the racy Aston Martins favored by his Bond predecessor, Sean Connery.

Bond’s Lotus doubled as a submarine.

A Lotus was also featured in the Julia Roberts-Richard Gere romantic comedy “Pretty Woman” The car was also driven by Diana Rigg character in “The Avengers” and Patrick MacGoohan’s unnamed spy in “The Prisoner.”

See Also:

James Bond’s Aston Martin Sells For $4.6 Million

Elon Musk Says You Can Take Your Model S In The Water, But Doesn’t Recommend It

Image credit: Thomas’s Pics, Flickr

Posted-In: Geely James Bond Li Shufu Lotus Proton Zhejiang Geely Holding GroupNews M&A Best of Benzinga





Watch These 4 Huge Put Purchases In Tuesday Trade

Courtesy of Benzinga.

Benzinga’s newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.

  • Corecivic Inc (NYSE: CXW) Sep 27.0 Puts Sweep: 1000 @ ASK $1.45: 1229 traded vs 152 OI: Earnings 8/2 After Close (est) $30.65 Ref
  • Thor Industries, Inc. (NYSE: THO) Sep 90.0 Puts Sweep: 726 @ ASK $5.40: 727 traded vs 87 OI: Earnings 6/5 After Close (est) $93.19 Ref
  • AmTrust Financial Services Inc (NASDAQ: AFSI) Jun 10.0 Puts Sweep: 1000 @ ASK $0.30: 1165 traded vs 1166 OI: Earnings 8/2 After Close (est) $11.97 Ref
  • GrubHub Inc (NYSE: GRUB) Jun 40.0 Puts Sweep: 670 @ ASK $0.448: 672 traded vs 889 OI: Earnings 7/27 Before Open (est) $43.37 Ref

Posted-In: Huge Put PurchasesOptions Markets Movers Trading Ideas





15 Biggest Mid-Day Losers For Tuesday

Courtesy of Benzinga.

  • Concord Medical Services Hldg Ltd (ADR) (NYSE: CCM) shares dropped 19.8 percent to $3.31.
  • Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) fell 9.6 percent to $104.42 after the company disclosed leadership changes. The company announced the resignation of CFO Dave Anderson. JPMorgan downgraded Alexion Pharmaceuticals from Overweight to Neutral.
  • AirMedia Group Inc (ADR) (NASDAQ: AMCN) shares plunged 9 percent to $1.82 as the company reported the receipt of deficiency letter from the NASDAQ.
  • AutoZone, Inc. (NYSE: AZO) declined 8.6 percent to $602.89 after the company posted weaker-than-expected earnings for its third quarter.
  • Kirkland’s, Inc. (NASDAQ: KIRK) shares tumbled 8.3 percent to $9.17 after the company posted a wider-than-expected loss for its first quarter.
  • Kosmos Energy Ltd (NYSE: KOS) shares dropped 7.7 percent to $7.24. Kosmos Energy reported a 40 million share secondary offering of common stock.
  • Nordson Corporation (NASDAQ: NDSN) shares dipped 7.5 percent to $121.27. Nordson posted upbeat results for its second quarter on Monday.
  • DSW Inc. (NYSE: DSW) dropped 6.9 percent to $16.44 after the company posted downbeat quarterly profit.
  • Sorl Auto Parts, Inc. (NASDAQ: SORL) shares fell 6.4 percent to $8.18 after surging 22.58 percent on Monday.
  • Xilinx, Inc. (NASDAQ: XLNX) fell 5.6 percent to $63.73. Wells Fargo downgraded Xilinx from Outperform to Market Perform.
  • Helmerich & Payne, Inc. (NYSE: HP) dropped 5.6 percent to $56.67. Goldman Sachs downgraded Helmerich & Payne from Neutral to Sell.
  • MiMedx Group Inc (NASDAQ: MDXG) fell 4.7 percent to $13.65. First Analysis downgraded MiMedx from Equal-Weight to Underweight.
  • Papa Murphy’s Holdings Inc (NASDAQ: FRSH) declined 3.8 percent to $4.85. Wells Fargo downgraded Papa Murphy’s from Outperform to Market Perform.
  • Advance Auto Parts, Inc. (NYSE: AAP) fell 3.4 percent to $142.35 after dropping 2.71 percent on Monday.
  • Spi Energy Co Ltd (ADR) (NASDAQ: SPI) shares fell 3 percent to $0.370 after the company reported the receipt of delinquency notice from the NASDAQ.

Posted-In: Mid-Day LosersNews Movers & Shakers Intraday Update Markets Analyst Ratings





 
 
 

Zero Hedge

Visualizing The Possible City Of London 'Brexodus'

Courtesy of ZeroHedge. View original post here.

The EU in Brussels has now given official powers to its top Brexit negotiator, but former French diplomat Michel Barnier is not expected to begin talks until after the UK general election in June. As Statista's Dyfed Loesche notes, Banks and financial institutions are already preparing for the world after Brexit and planning to pull some of their staff from the finance hub in the City of London...

...



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Phil's Favorites

Market Moving News

 

Financial Markets and Economy

A definitive breakdown of the gloomy state on Wall Street (Business Insider)

While Wall Street bank revenues appeared to bounce back in the first quarter of 2017, with banks posting strong results in fixed income trading in particular, industry-wide revenues were still down on the same period from 2012 to 2015. 

Vietnam's Prime Minister Says He's Confident of 6.7% Growth Goal (Bloomberg)

Vietnamese Prime Minister Nguyen Xuan Phuc said he is confident economic growth this year will meet a goal of 6.7 percent without adding ...



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ValueWalk

Jesse Livermore - 21 Investing Rules That Have Stood The Test Of Time For 77 Years

By The Acquirer's Multiple. Originally published at ValueWalk.

Before the modern day tweeter @Jesse_Livermore, there was a famous investing legend also called Jesse Livermore. The original Livermore was born in 1877 and died in 1940. Livermore was famous for making and losing several multimillion-dollar fortunes and short selling during the stock market crashes in 1907 and 1929. Livermore was an investing genius who unfortunately could not stick to his own rules – Which is why one of his rules – “The human side of every person is the greatest enemy of the average investor or speculator”, is so relevant to every investor.

]]> Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in ...



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Chart School

Friday Kept Week's Performance Intact - Semiconductors Strong

Courtesy of Declan.

Memorial weekend brought with it holiday style trading on Friday. It was positive finish for bulls who were able to maintain and in some cases, build on, gains from earlier in the week

Best of the action came in the Semiconductor Index which finished with a new closing high. The rally from April brought with it an acceleration in pace, comparable to the latter part of 2016.  Relative performance against the Nasdaq 100 hasn't breached resistance, but it's very close. Semiconductors spent a long time in the doldrums after the 2000 peak, but they are finding their groove now.

...

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Digital Currencies

Visualizing The Expanding Universe Of Cryptocurrencies

Courtesy of Zero Hedge

Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike.

In fact, as Visual Capitalist's Jeff Desjardins details, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now hovers near US$2,200, a massive increase from this time last year.

But the true impact of Bitcoin is actually far more reaching than this – it’s a...



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Market News

Market Moving News

 

Financial Markets and Economy

Hedge Fund Billionaire Paul Singer: If Trump Agenda Fails, a Recession Could Follow (Fortune)

Market watchers who thought the stock market would drop if Donald Trump were elected were burned following his win: markets rose to new highs instead.

U.S. inflation path since 2012 is worrisome, policymaker says (Reuters)

The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome."

...



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Members' Corner

Robert Sapolsky: The biology of our best and worst selves

Interesting discussion of what affects our behavior. 

Description: "How can humans be so compassionate and altruistic — and also so brutal and violent? To understand why we do what we do, neuroscientist Robert Sapolsky looks at extreme context, examining actions on timescales from seconds to millions of years before they occurred. In this fascinating talk, he shares his cutting edge research into the biology that drives our worst and best behaviors."

Robert Sapolsky: The biology of our best and worst selves

Filmed April 2017 at TED 2017

 

p.s. Roger (on Facebook) saw this talk and recommends the book ...



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OpTrader

Swing trading portfolio - week of May 22nd, 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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Biotech

Beyond just promise, CRISPR is delivering in the lab today

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

Beyond just promise, CRISPR is delivering in the lab today

Courtesy of Ian HaydonUniversity of Washington

Precision editing DNA allows for some amazing applications. Ian Haydon, CC BY-ND

There’s a revolution happening in biology, and its name is CRISPR.

CRISPR (pronounced “crisper”) is a powerful technique for editing DNA. It has received an enormous amount of attention in the scientific and popular press, largely based on the promise of what this powerful gene e...



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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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Mapping The Market

Bombing - Right or Wrong?

Courtesy of Jean-Luc

I am telling you Angel – makes no sense… BTW:

Republicans Love Bombing, But Only When a Republican Does It

By Kevin Drum, Mother Jones

A few days ago I noted that Republican views of the economy changed dramatically when Donald Trump was elected, but Democratic views stayed pretty stable. Apparently Republicans view the economy through a partisan lens but Democrats don't.

Are there other examples of this? Yes indeed. Jeff Stein points to polling data about air strikes against Syria:

Democr...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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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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