Author Archive for Market Shadows

Breaking News And Best Of The Web

Courtesy of John Rubino.

US stocks down from yesterday’s record high. Fed likely to raise interest rates next month. Gold and silver at multi-week highs. Bitcoin near all-time high. Trump national security adviser scandal evolving, EPA chief controversy ramping up after email release. Debate over Putin and fake news intensifies.  

Best Of The Web

Dazed & confused… Treasury buying vs. asset valuations? – Econimica

Michael Belkin interview – King World News

Global trade disaster nearly certain – Mish

The four horsemen of the retirement Apocalypse – Financial Sense

Fed went from lender of last resort to destroyer of American wealth – Danielle DiMartino Booth

Mother of all financial bubbles – Peak Prosperity

China credit and global inflationary dynamics – Credit Bubble Bulletin

Not nearly enough growth to keep growing – Automatic Earth

11 stunning visualizations of gold show its value and rarity – Visual Capitalist

Bucket economics in global macro – Capitalist Exploits

This is how the status quo unravels – Charles Hugh Smith

Global growth in energy consumption (& economic growth) all about China – Econimica

‘Fed Up’ exposes the elite rot inside the Federal Reserve – MarketWatch

Vice-chairman of EuroThinkTank: “euro may already be lost” – Mish

—————————————————————–

Breaking News

The Economy

2/24    Stocks fall ahead of Trump’s fiscal policy speech – Bloomberg

2/24    Preparing for the next great disruption – Garret Galland

2/24    Debt rattle February 24 2017 – Automatic Earth

2/24    How France scrapping the euro could go beyond a ‘Lehman moment’ – CNBC

2/24    Former IMF chief, dozens of former bank execs just sentenced to jail – Wolf Street

2/24    Trump’s ‘big fat bubble’ trouble in the stock market – Politico

2/24    JC Penney to shut as many as 140 stores as industry slumps – Bloomberg

2/24    Is the Trump trade


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Dollar Falls With Stocks Amid Dovish Fed Minutes: Markets Wrap (Bloomberg)

The dollar fell while Treasuries advanced after minutes from the Federal Reserve’s latest meeting showed officials confident they can raise rates gradually amid little threat that near-term inflation will accelerate.

U.S. Solar Surged 95% to Become Largest Source of New Energy (Bloomberg)

Solar developers installed a record 14.6 gigawatts in the U.S. last year, almost double the total from 2015 and enough to make photovoltaic panels the largest source of new electric capacity for the first time.

Fed Minutes Could Offer Hints on Timing of Rate Rises, Balance Sheet Moves (The Wall Street Journal)

The Federal Reserve left interest rates unchanged at its Jan. 31-Feb. 1 meeting, issuing a statement that skirted any signals about the timing of future rate increases, the central bank’s plans for its portfolio of assets or its take on the Trump administration’s fiscal policies.

Why Trump's Immigration Crackdown Could Sink U.S. Home Prices (Bloomberg)

In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office.

Hedge funds may see a new dawn, analysts say—but sailing won’t be smooth (Market Watch)

Following a rough 2016, a year marked by high-profile fund closures, redemptions, and underperformance, analysts are increasingly optimistic that the new year, along with the new presidential administration, will mean a turnaround for the beleaguered industry.

Auto Makers Ask EPA’s Pruitt to Reverse Fuel-Economy, Emissions Decision (The Wall Street Journal)

Auto makers asked the Environmental Protection Agency to undo the Obama administration’s decision to lock in future stringent fuel-economy and emissions standards, as the companies seek to take advantage of President Donald Trump’s pledge to roll back regulations.

Hong Kong Halts Stock's 543% Debut in Volatile Equity Market (Bloomberg)

Hong Kong traders are used to seeing strange things on the city’s small-cap exchange, home to some of the world’s biggest price swings. But the initial public offering of GME Group Holdings Ltd. on


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Oil Sands Batter Major Explorers' Reserves as Rout Sinks Value (Bloomberg)

Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.

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

Don't be fooled by the strong rebound in Wall Street trading revenues at the end of 2016: Investment banks still had a lousy year.

Korea Pushes Back Against U.S. Over Currency, Sees China Risk (Bloomberg)

South Korea pushed back against U.S. pressure over its foreign exchange policy and current account surplus, with the central bank governor maintaining that the nation only acts to check extreme swings in the won.

Europe Savors Taste of Brazilian Oil With More Blocks Opening (Bloomberg)

European oil majors given a taste of Brazil may soon be ready for more.

The Bank of England struck back at plans to strip London of a €930 billion daily business after Brexit (Business Insider)

The Bank of England gave a robust defence of London's euro clearing business, saying it offered lower costs and greater financial stability over plans to move it to continental Europe after Brexit.

Japan Stocks Could Surpass Key Technical Level, Nomura Says (Bloomberg)

Several failed attempts by the Topix index to climb past a key technical level have left investors nervous, even amid signs the benchmark may eventually succeed, according to Nomura Holdings Inc.

Emerging-Markets Hedge-Fund Assets Reach Record in '16, HFR Says (Bloomberg)

Emerging-market hedge-fund assets reached a record at the end of last year, thanks to gains in energy prices and a strengthening dollar, according to Hedge Fund Research Inc.

The FTSE 100 is dropping on a busy day for company results (Business Insider)

The FTSE 100 is lower on Thursday morning on a busy day of results for the UK's biggest companies.

Dow eyes 10th day of gains as U.S. stock futures rise on back of oil rally (Market Watch)

U.S. stock futures pointed to small gains for Wall Street on Thursday, setting the Dow average on


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Breaking News And Best Of The Web

Courtesy of John Rubino

US stocks at record high. Inflation is spiking on stronger growth. Fed likely to raise interest rates next month. Gold and silver at multi-week highs. Bitcoin near all-time high. Trump national security adviser scandal evolving. Debate over Putin and fake news intensifies.  

Best Of The Web

Dazed & confused… Treasury buying vs. asset valuations? – Econimica

Michael Belkin interview – King World News

Global trade disaster nearly certain – Mish

The four horsemen of the retirement Apocalypse – Financial Sense

Fed went from lender of last resort to destroyer of American wealth – Danielle DiMartino Booth

Mother of all financial bubbles – Peak Prosperity

China credit and global inflationary dynamics – Credit Bubble Bulletin

Not nearly enough growth to keep growing – Automatic Earth

11 stunning visualizations of gold show its value and rarity – Visual Capitalist

Bucket economics in global macro – Capitalist Exploits

This is how the status quo unravels – Charles Hugh Smith

Global growth in energy consumption (& economic growth) all about China – Econimica

‘Fed Up’ exposes the elite rot inside the Federal Reserve – MarketWatch

Vice-chairman of EuroThinkTank: “euro may already be lost” – Mish

—————————————————————–

Breaking News

The Economy

2/23    Melissa and millions like her are just one unpaid bill away from the abyss – Guardian

2/23    Why Greece’s crisis has broken all previous records – Ekathimerini

2/23    Fed’s National Activity Index drops in January – Zero Hedge

2/23    Spain is ruined for 50 years – Express

2/23    When was America’s peak wealth? – Automatic Earth

2/23    What investors need to know about US money market funds – GoldAndOilGuy

2/23    EC warns Italy over debt, Five Star movement will benefit – Mish

2/23    SEC nominee represented 8 of 10 largest Wall St. banks – Wall St. On Parade

2/23    Can Americans really depend on Social Security? – Miller On The Money

2/23    


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Fed may raise interest rates ‘fairly soon’ thanks to economy’s continued growth (The Washington Post)

The Federal Reserve said the economy’s continued growth might persuade it to raise its benchmark interest rate “fairly soon,” according to minutes from its policy meeting released Wednesday, even as it acknowledged that the ambitious policies proposed by the Trump administration could have unforeseen effects on the U.S. economy.

The Dow Is More than 2000 Points Above Its 200-Day Moving Average (The Wall Street Journal)

Chartwatchers take note: The Dow Jones Industrial Average just did something it’s never done before. The blue-chip index that holds names like Goldman Sachs Group Inc. and closed more than 2000 points above its 200-day moving average for the first time in its 120-year plus history, according to WSJ Market Data Group.

Copper Prices Zigzagged Wildly When Almost No One Was Trading (Bloomberg)

When copper went haywire late Monday evening in London, all but a few die-hard traders in China were asleep. The European workday was ending and Americans had a public holiday.

Investors may be banking too much on Trump lifting earnings (Market Watch)

The U.S. stock market has been in rally mode since President Donald Trump’s election victory, with the gains largely coming on the back of two ideas: that the new administration’s policies on taxes and regulation will accelerate economic growth, and that that will lead to improved corporate profits.

Oil rises 1 percent as OPEC sees higher compliance with cuts (Reuters)

Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market.

Chinese Banks' Off-Book Wealth Products Exceed $3.8 Trillion (Bloomberg)

Chinese banks had more than 26 trillion yuan ($3.8 trillion) of wealth-management products held off their balance sheets at the end of December, a 30 percent increase from a year earlier, according to the central bank.

China adjusts yuan midpoint mechanism – sources (Reuters)

China tweaked its formula for setting daily reference


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Understanding the Trump Rally (Bloomberg)

Experts and pundits predicted a stock market crash if Trump were to upset Clinton and win the presidential race, so the market's behavior seemed to confirm expectations. But then a funny thing happened — stocks came roaring back, almost immediately. Markets opened slightly down but quickly regained those losses and finished the day with gains of more than 1 percent as investors digested what Trump’s proposed infrastructure and tax policies would mean for the markets.

U.S. Stocks Slip From Records as Bonds Advance: Markets Wrap (Bloomberg)

U.S. stocks fluctuated near all-time highs after rising in nine of the past 10 days, while Treasuries advanced as investors awaited Federal Reserve meeting minutes for clues on the pace of tightening. The euro extended declines political risk in the region increased.

Higher dollar pressures gold, uncertainty offers support (Reuters)

Gold prices fell on Tuesday as renewed expectations of an increase in U.S. interest rates next month pushed the dollar higher, although political and economic uncertainties in Europe and the United States supported investor sentiment.

Institutional investors pull $469 billion from equities in 2016 – report (Reuters)

Institutional investors pulled $468.8 billion out of equities in 2016, a report by the research firm eVestment showed on Tuesday, notwithstanding a rally late in the year that drove stock markets to record highs.

China's Worst Bond Rout in a Decade Seen Worsening on Rules (Bloomberg)

The prospect of new rules in China on asset management products is sparking speculation that the worst corporate bond rout in a decade is about to get even worse.

China's red-hot housing market is now starting to cool (Business Insider Australia)

Chinese new home prices continued to moderate in January.

According to China’s National Bureau of Statistics (NBS), prices rose by 0.2% in January, continuing the deceleration that began in the final quarter of last year.

Investors Are Charging Into Emerging Market ETFs (Bloomberg)

U.S. President Donald Trump has supported many policies that could harm emerging market economies. But investors are betting that his bark will turn out to be worse than his bite.


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Breaking News And Best Of The Web

Courtesy of John Rubino.

US stocks at record high. Inflation is spiking on stronger growth. Fed likely to raise interest rates next month. Gold and silver down from multi-week highs. Trump national security adviser scandal evolving. Debate over Putin and fake news intensifies.  

Best Of The Web

Dazed & confused… Treasury buying vs. asset valuations? – Econimica

Michael Belkin interview – King World News

Global trade disaster nearly certain – Mish

The four horsemen of the retirement Apocalypse – Financial Sense

Fed went from lender of last resort to destroyer of American wealth – Danielle DiMartino Booth

Mother of all financial bubbles – Peak Prosperity

China credit and global inflationary dynamics – Credit Bubble Bulletin

Not nearly enough growth to keep growing – Automatic Earth

11 stunning visualizations of gold show its value and rarity – Visual Capitalist

Bucket economics in global macro – Capitalist Exploits

This is how the status quo unravels – Charles Hugh Smith

Global growth in energy consumption (& economic growth) all about China – Econimica

‘Fed Up’ exposes the elite rot inside the Federal Reserve – MarketWatch

Vice-chairman of EuroThinkTank: “euro may already be lost” – Mish

—————————————————————–

Breaking News

The Economy

2/22    China’s $9 trillion moral hazard is now too big to ignore – Bloomberg

2/22    Bank for international settlements warns of looming debt bubble – MunKnee

2/22    The IMF lent to Greece knowing it could never pay back debt – CounterPunch

2/22    Sovereign bond yield spreads signal nervousness – MarketWatch

2/22    The next financial crisis might be in your driveway – Bloomberg

2/22    Why we could be on the verge of a major selloff – Casey Research

2/22    Goldman Sachs warns US stocks are now reaching peak optimism – Bloomberg

2/22    Hedge funds continue to chase the herd – Bloomberg

2/22    Dallas police and fire pension backs cutbacks to avoid collapse – Bloomberg

2/22    American


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

S&P 500 Is Already Trading at Wall Street's Year-end Forecast (Bloomberg)

The market bellwether has already reached the average year-end target of Wall Street analysts with a 5.5 percent gain since December, according to data compiled by Bloomberg.

French Economy Grows Fastest Since 2011 as Services Strengthen (Bloomberg)

A composite Purchasing Managers’ Index climbed to 56.2 from 54.1 in January, IHS Markit said on Tuesday. That’s the eighth consecutive reading above the 50 mark that divides expansion from contraction and above an economist estimate for 53.8.

Fed's Williams Says Historically Low Interest Rates Will Persist (Bloomberg)

Historically low interest rates are here to stay, making it much harder for central banks in wealthy countries to prevent and limit recessions in the future, according San Francisco Federal Reserve Bank President John Williams.

Why Does Economic Growth Keep Slowing Down? (Federal Reserve Bank Of St. Louis)

The U.S. economy expanded by 1.6 percent in 2016, as measured by real gross domestic product (GDP). Real GDP has averaged 2.1 percent growth per year since the end of the last recession, which is significantly smaller than the average over the postwar period (about 3 percent per year).

German Yields Set to Resume Drop, Technical Indicators Suggest (Bloomberg)

Germany’s benchmark 10-year bond yield, which moved higher on Tuesday, may drop to levels seen at the beginning of this year because of weakening momentum indicators, technical studies suggest.

Goldman Sachs Warns U.S. Stocks Are Now Reaching Peak Optimism (Bloomberg)

Goldman Sachs Group Inc. says the surge in confidence following Donald Trump’s November victory is reaching an inflection point. Investors counting on tax cuts and an economic boom to fuel a surge in corporate profits are getting ahead of themselves, according to the bank.

Britain is sliding towards Scoxit (The Economist)

Little more than half a year after the vote to leave the European Union, there is talk of another referendum in Britain. This time the people who could be offered the chance to “take back control” are


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

U.S. Stocks Rise With Dollar as Commodities Climb: Markets Wrap (Bloomberg)

U.S. stocks rose to records as commodities from copper to crude surged and retailer results topped estimates. The dollar resumed its advance amid fresh signs global growth has started to accelerate.

Dollar rises after Fed comments; euro weakens (Market Watch)

The dollar gained against its rival currencies Tuesday, as comments from a Federal Reserve official drove up U.S. Treasury yields in Asia, along with demand for the U.S. currency.

Oil prices rise as investors increase their bullish bets (Market Watch)

Crude futures moved higher Tuesday as investors held onto their bullish positions, betting on the supply to tighten as major oil producers cut their output.

The Donald Trump Stock Rally: Who’s Winning and Losing (Fortune)

The companies that President Trump tweets about get the attention (hello, Nordstrom), but those aren’t the ones whose stocks have been affected most by the White House agenda.

China stocks rise as investors see a bull market on the horizon (Market Watch)

Asian stocks ended mostly higher Tuesday, with Japanese equities rising as the yen pulled back against the U.S. dollar while banking stocks bolstered gains in Chinese trade.

Euro-Area Economic Recovery Broadens as France Outpaces Germany (Bloomberg)

A gauge for economic activity rose to the highest level in almost six years in February, following previous signals that the region’s frail recovery is finally taking shape. National gauges showed France outpacing Germany for the first time since 2012 — a development that could signal growth in the 19-nation region is becoming more broad-based.

Records for U.S. stocks hang in the balance ahead of Wal-Mart results, PMI data (Market Watch)

U.S. stock futures pointed to a moderately higher start for Wall Street on Tuesday, poised for another shot at record territory that may hinge on the outcome of manufacturing and service surveys due later.

6 charts that show how the 'gig economy' has changed Britain – and why it's not a good thing (Business Insider)

Tax incentives such as low rates of corporation tax have fuelled


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Commodities Have Been Down So Long It May Be Time To Snap Them Up (Forbes)

The post-crisis years have not been good for real assets, the catchall term for commodities, energy, real estate and other investments based on selling real things instead of clever ideas.

A trader psychologist who consulted on Showtime's 'Billions' reveals the biggest mistake traders make (Business Insider)

Denise Shull is a decision coach and performance architect who consulted on Showtime’s BILLIONS for the Wendy Rhodes character, the in-house psychotherapist for Axelrod hedge fund.

China’s bitcoin traders are finding new ways to trade after an official clampdown (Quartz)

China’s central bank has stepped up oversight of bitcoin exchanges this year, leading major trading platforms to impose halts on withdrawals and other checks to appease the regulator.

Warning signs are piling up that the bull run in stocks is nearing an end (Business Insider)

If it feels like this bull market has been going on for a long time, that's because it has.

In fact, the current market rally, which has lasted 2002 trading days, is the longest one since the rally that preceded the 1929 stock market crash.

Goldman: 'Cognitive dissonance exists in the US stock market' (Yahoo Finance)

Goldman Sachs analysts believe investors and traders in the stock market are acting irrationally.

“Cognitive dissonance exists in the US stock market,” Goldman Sachs’ David Kostin said. “S&P 500 (^GSPC) is up 10% since the election despite negative [earnings per share] revisions from sell-side analysts.”

Solar Energy Production Hit a Record High in 2016, So What's Wrong With Solar Stocks? (Fool.com)

2016 was an amazing year for the solar industry overall, even if it wasn't great for solar stocks. GTM Research recently reported that its upcoming U.S. Solar Market Insight Report done with the Solar Energy Industries Association will reveal a 95% jump in installations last year to 14.6 GW.

This company's productivity soared after replacing 90% of employees with robots (Futurism)

It’s hard to argue against automation when statistics are clearly illustrating its potential. The latest evidence comes out of a Chinese factory in Dongguan City.

India: Investors
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Zero Hedge

France: Deradicalization Of Jihadists A "Total Fiasco"

Courtesy of ZeroHedge. View original post here.

Via Soeren Kern of The Gatestone Institute,

  • The report implies that deradicalization, either in specialized centers or in prisons, does not work because most Islamic radicals do not want to be deradicalized.
  • Although France is home to an estimated 8,250 hardcore Islamic radicals, only 17 submitted applications and just nine arrived. Not a single resident has completed the full ten-month curriculum.
  • By housing Islamists in separate prison wings, they actually had become more violent b...


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ValueWalk

President Trump's Address to Congress: A Preview for Investors

By Jeff Miller. Originally published at ValueWalk.

A Presidential address to Congress is an important occasion. In the first year of a term, it is called just that. In later years, it will be called the State of the Union Address. The circumstances, ceremony, and protocol are the same. I have been watching these speeches for decades, first as a political science and public policy professor and more recently as an investment manager. The combination of these perspectives helps me identify the most important aspects of these events.

KBaucherel / Pixabay

Background

The first such speech is especially important as a clue about the new relationship between the executive and l...



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Phil's Favorites

Who Says It Can't Happen Here?

 

Who Says It Can’t Happen Here?

Courtesy of 

This post first appeared on BillMoyers.com.

Donald Trump’s candidacy and now, presidency, have resurrected a public discourse not heard in this country since the Great Depression — an anxious discourse about the possible triumph in America of a fascist-tinged authoritarian regime over liberal democracy. It’s a fear Sinclair Lewis turned into a 1935 bestselling novel, It Can’t Happen Here — although, as Lewis told it, it sure as hell could happen here.

It did not happen, however. Not then, at least.&nb...



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Members' Corner

Covered Call Income Calculations

Courtesy of Yodi

Covered Call Income Calculations

Calculations and explanations with respect to our member Randy's covered call (CCall) writing may be somewhat confusing. I further cannot agree to hold a stock for a month, sitting idle, while I am waiting in hopes that the stock will recover.

There are actually two ways I write CCalls, and I'll use JNJ as an example. 

1.     Buy the stock and sell an equal amount of calls against it, provided the stock offers more than a 3% dividend. (JNJ only pays 2.6%.)

2.     Set up a leap BCS and sell ½ the amount of shorter month calls against it.

JNJ was trading at $122.71 on Friday, Feb 24. Randy chose two different months to sell his calls.

We first look at the March 17 position. As you will notice, JNJ has gone from another member’s ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Hedge Funds May Be Falling Back in Love With Commodities (Bloomberg)

Hedge funds are raising their exposure to commodities as prices rally and investors respond to macro shifts including the prospect of accelerating inflation under U.S. President Donald Trump, according to Citigroup Inc.

U.S. pending home sales fall to lowest level in a year (Reuters)

Contracts to buy previously owned U.S. homes dropped in January on a shortage of inventory in the Midwest and West regions, the National Association of Realtors said on Monday.

...



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Chart School

Weekly Market Recap Feb 26, 2017

Courtesy of Blain.

Before we begin please check out our sister site’s highly popular annual broker review!  This is an elegantly designed site with completely unbiased reviews of brokers – simply a must read.

To narrow down your choice of a broker best suited to you, you can start with the “Best in Class” category lists below where you can see recommended brokers based on aspects that matter most to you. Then read a full-length review and compare your favorites side by side, using the comparison tool to finalize your selection.

—————ȁ...



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OpTrader

Swing trading portfolio - week of February 27th, 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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Mapping The Market

Why Facts Don't Change Our Minds

Courtesy of Jean Luc

Good article about facts and why we reject them:

WHY FACTS DON’T CHANGE OUR MINDS

New discoveries about the human mind show the limitations of reason.

By Elizabeth Kolbert

In “Denying to the Grave: Why We Ignore the Facts That Will Save Us” (Oxford), Jack Gorman, a psychiatrist, and his daughter, Sara Gorman, a public-health specialist, probe the gap between what science tells us and what we tell ourselves. Their concern is with those persistent beliefs which are not just demonstrably false but also potentially deadly, like the conviction that vaccines are hazardous. Of course, what’s hazardous is not being vaccinated; that’s why vaccines were created in the first place. “Immunization is one of the triumphs of modern medicine,” the Gormans no...



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Digital Currencies

As Bitcoin Surges To Record High, China Prepares Its Own Digital Currency

Courtesy of Mike Shedlock (Mish)

Bitcoin hit an all-time high over $1200 today.

Traders are happy because the SEC is expected to rule on a Bitcoin ETF by March 11.

Meanwhile, Bloomberg reports China Is Developing its Own Digital Currency.
 

After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central...

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Kimble Charting Solutions

Crude Oil; Energy stocks suggesting its about to fall, says Joe Friday

Courtesy of Chris Kimble.

Below takes a look at the price action of Crude Oil, Energy ETF (XLE) and Oil & Gas Exploration ETF (XOP) over the past three years.

Could Energy stocks be suggesting the next big move in Crude Oil again? Which direction are they suggesting?

CLICK ON CHART TO ENLARGE

At this time the intermediate trend in Cru...



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Promotions

Phil's Stock World's Las Vegas Conference!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

Join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017            

Beginning Time:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has offered us rooms for $189 on Saturday night and $129 for Sunday night but rooms are limited at that price.

So, if you are planning on being in Vegas (Highly Recommended!), please sign up as soon as possible by sending...



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Biotech

The Medicines Company: Insider Buying

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

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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...

Learn more About Phil >>


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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.

Market Shadows >>