Guest View
User: Pass: | become a member
Phil's Newsletter

GDPhursday – Fiscal Cliff Progress Good for 200 Points Ahead of GDP

Wow, what a move!

The Dow opened yesterday and quickly dropped to 12,760 but we finished the day at 12,984 as both John Boehner and President Obama made nice noises about the ongoing Fiscal Cliff talks.  Since then, we've had another 100 points of follow-through in the Futures and, as I commented in Member Chat yesterday, this is all very, very brave action ahead of the 8:30 GDP report, which is expected to show Q3 growth of 2.8% but, based on yesterday's Beige Book (see our commentary here) may come in closer to 2.4%.

If we can avoid or get past that disappointment, THEN we can put a rally together on happy talk out of Washington.  Other happy talk comes from John Hilsenrath, who claims the Fed is nearing a decision at the upcoming meeting to create an additional bond-buying program to replace Operation Twist with something in the $500Bn range – and we know how the makets love rumors of More Free Money! 

SPY 5 MINUTE As you can see from Dave Fry's intra-day SPY chart, the bears were severely punished yesterday and this morning we move back within striking distance of closing out November back where we started – at S&P 1,420 – and we'd have to call a flat month a huge victory for the bulls at this point but still a long way to go before we work our way back to the October highs (1,470).  

8:30 Update:  GDP was indeed a little lighter than 2.8% expected but 2.7% is not too bad and the Futures are only taking a small pause on that release.  Inventory builds, which are considered a positive, were the main contributor to the bump and now the question is whether or not we actually sell that stuff in Q4.  Private Business Inventories jumped $61.3Bn in Q3, adding 0.77% to the GDP while Real Final Sales of Domestic Products only increased 1.9% – leading to the pile-up in inventories.  

Goldman Sachs is clearly trying to engineer a big finish to November, releasing a report detailing their 1,575 price target for the S&P next year.  Expecting better growth than most, the firm likes cyclical over defensive sectors, and tech over staples, telecom, and health care. A "grand bargain" in D.C. along the lines of Simpson-Bowles "would spark a PE multiple expansion and a higher target." 

goldman 2013 forecast"S&P
continue reading

Will We Hold It Wednesday – Fiscal Cliff Fever Edition

Time to worry about the cliff again!

We took a few days off from worrying but comments from Senators Harry Reid and Mitch McConnell yesterday both indicated that little progress was being made on the ongoing negotiations and that was all it took to panic people out of positions yesterday afternoon, as we gave back most of Friday's ill-gotten (low volume) gains.

In context, we're still making good, bullish progress but yesterday's action pretty much takes a "V"-shaped recovery off the table and now we'll have to fight and claw tooth and nail just to get back to our strong bounce lines by the week's end.  Anything less than that will not be a bullish signal into the weekend.  Our levels remain:

  • Dow 12,720 weak, 12,950 strong. 
  • S&P 1,375 weak, 1,400 strong.  
  • Nasdaq 2,900 weak, 3,000 strong. 
  • NYSE 8,000 weak, 8,100 strong.
  • Russell 790 weak, 805 strong. 

No serious damage yet but those paying attention to what's going on in China are becoming very concerned about the Shanghai Composite, which just spent it's 2nd day below the the very-critical 2,000 line – and that's down 16.66% since June.

So far, the Hang Seng has avoided the same fate – trading at 22,000 and that's up from 18,500 in January (18,9%) but it's going to matter a lot which one of these indexes breaks first to follow the other.  So far, the drag is down, with the Shanghai finishing today down 0.9% at 1,973 and the Hang Seng dropping 0.62% to finish at 21,708.  It's been a while since China has been a big concern but, if we finish out the month this way – expect it to be a big topic of conversation in December.  

continue reading

Technical Tuesday – Setting Up For What?

Click to ViewHow will we finish November?

With just 4 trading days left to the month and then just 19 more to close out the year – it's already been a wild ride but, as you can see from Doug Short's S&P chart, we're up a very solid 200 points for the year (16.66%) and not likely to give much of that back and, of course, 1,400 on the S&P represents a 100% recovery off those 2009 lows.

That's 25% a year folks!  What are you complaining about?  No, we didn't go up in a straight line but sticking with pretty much any stock over the past 4 years has been a winning strategy and that's been replenishing 401Ks and IRAs and Pension Funds and has allowed the investing class to recoup most of their losses from the crash and NOW the question is – what happens next?

Surely we can't grow the market 25% every year.  This year we will struggle to get back to 20% (1,450) – if it happens at all and, realistically, we have to assume that closing high of 1,565 was not deserved at the time and, if we figure it was a 10% overshoot of the proper top – then 1,400 IS the right level for the S&P to be hanging out at.  

Clearly we still have plenty of economic challenges to deal with and the World is not growing as fast as we thought it was in 2007 but it did grow and Corporate Profits are higher now than they were in 2007 and, if anything, tracking at the top of their 20-year trend so it makes sense that the S&P should be reflecting this – risk on or risk off.  

Notice, by the way, that's $1.6 TRILLION Dollars in annual Corporate Profits and that's AFTER deducting the net of losses from some Corporations to offset the profits of others.  How much tax do these Corporations pay on $1.6Tn in profits?  Last year – it was just $192Bn – 12%.  If Corporations paid 35% like their fellow citizens, that would drop another $368Bn into the US Treasury – THOSE are the rich people we need to chase down and force to pay their fair share!  Why is this not discussed more?

Mitt Romney's #1 backer, Shelly Adelson's LVS only paid $211M on $2,094M in income last year (10%) and now, rather…
continue reading

Cyber Monday – Record Retail Sales Trump Cliff Concerns, for Now

We shopped 'till we dropped this weekend.

Consumer spending over the four-day Thanksgiving weekend climbed 13% to $59.1B, although the growth was slower than the 16% last year. Average spending per customer rose 6.3% to $423. Online sales on Black Friday jumped 26% and topped $1B for the first time, says ComScore, which forecasts that Internet sales over the holiday season will grow 17% to a record $43.4B.  Movie tickets also hit a record $290M for the weekend.

Congress returns to work this week and seems to have made no actual progress on a deal to avoid the Fiscal Cliff – just 5 weeks away from triggering now.  Over in Europe, there's the imminent Greek Cliff, with the Troika making their 3rd attempt today to come up with an agreement to reduce Greece's debt burden so that Government can get a round of bailout money that must be on hand on Friday.

Over in Spain, pro-independence parties won Catalonia's elections as that country makes another step towards revolution and Egypt's markets fell 9.6% as President Morsi takes that country another step towards Dictatorship by granting himself "sweeping powers and judicial immunity."  Who does that guy think he is – Hank Paulson?

While all this geo-political nonsense may not bother the mighty US Consumer – investors sure are nervous about massive and sudden cuts like the cuts to Defense Spending illustrated in the chart on the left.  

As you can see, realistically, we've had military spending cuts before and survived – it's more the immediate and indiscriminate nature of forced sequestration that has market participants spooked.  

Friday's low-volume rally already gave us crosses on our strong bounce lines (see Friday's post) at Dow 12,950, S&P 1,400, NYSE 8,100 and Russell 805 as we wait for the Nasdaq to confirm the move by taking out 3,000.  Hopefully, the Nasdaq will get a little help from AAPL this week, thank's to C, who initiated them at a buy this morning with a target of $675.  Also, Gene Munster's crew was at Mall of America for 2 hours on Friday: Shoppers bought 17.2 items/hour at the Apple store, 3.5/hour at Microsoft (mostly XBoxes). 22 iPads were sold. Zero Surfaces.  If that's a trend – it's a very good one for AAPL!

UBS also came out for AAPL this weekend and set a $780 target…
continue reading

Dividend Investing – Giving Yourself an Automatic Edge (Members Only)

In uncertain markets, dividends can give you a critical investing edge.

As you can see from the chart on the left, just mindlessly investing in dividend-paying stocks can give you more than a 2:1 annual advantage in your investments and that adds up to quite a difference over time

Of course, here at PSW, we teach the art of selling options premiums – something that turns virtually any stock into a "dividend" payer.  For example, MSFT is only a small, 3.3% dividend-payer but a fairly solid cash-machine of a stock that we don't feel is likely to go bankrupt overnight so it makes for a nice safe staple in a long-term virtual portfolio.  But MSFT is also a very poorly-run company that hasn't grown in 20 years but we can make it a much more interesting stock by simply selling covered calls.

For example, we buy MSFT for $27.70 and we sell the Jan $27 calls for $1.28.  This lowers our effective basis to $26.42 and selling the call puts us in no special danger – we are simply agreeing to sell MSFT for $27 on expiration day in January (the 18th).  Should the stock be called away from us, we make a .56 profit or 2.1% of our net $26.42 cash investment in just 54 days.  That works out to a 14.2% annualized ROI and, even if we get called away, we can simply buy the stock again and again and sell calls every month.  Of course, you can optimize all this with timing and we favor stocks that are on sale – this is just a very simple example of how our most basic options strategy can drastically boost your annual returns on any stock in your portfolio.

Let's say you don't want to mess around with MSFT every month.  You can simply sell the 2015 $28s for $3.35 that drops your net entry from $27.70 to $24.35 and getting called away at $28 would be a profit of 14.9% over 26 months PLUS you would be getting your .92 annual dividend so let's call it $1.84 more for a total profit (if MSFT holds $28) of $5.49 or 22.5% – 1% a month certainly beats what the banks are offering these days!  Not as sexy as the 17.5% annual ROI you make by working the trade every month (with the dividend), but you do get a built-in cushion that…
continue reading

Friday – Be Thankful for Small Bounces

Are we going to have a "V"?

We haven't had a good V bounce-pattern in a while – one where the entire drop is entirely reversed on the other side – as if it were some mistake that's correcting itself as quickly as possible.  According to ThePatternSite

"Price at the bottom of the V will form a one-day reversal, island reversal, or tail, usually on heavy volume, perhaps gapping upward.  Price trends up, usually at the mirror angle of the downtrend. If price dropped by 30 degrees, price will rise following a similar angle. The price trend tends to be a straight-line run with few or no pauses, often fitting inside a channel."

Of course, we don't have a V yet, we just have a bounce off a hard floor that we expected – it's the next 7 days that will be critical but so far, so good on our bottom call.  The  NYSE is already over our strong bounce line (8,100) and we wait for the rest of the indexes to confirm a recovery at Dow 12,950, S&P 1,400, Nasdaq 3,000 and Russell 805 with less than a 1% move between our indices and their goals – other than the Nasdaq, which needs 2.5% and has been dragging along.

Click to ViewWe'd better be up this morning as the Dollar is way down at 80.59 as the Euro climbs back over $1.29 with the Pound at $1.59 and the Yen as weak as it's been in ages at 82.20 to the Dollar.  That has been thrilling the Nikkei, which touched 9,450 overnight, up almost 10% from the 8,600 line we liked for a long just 8 sessions ago!  While the US doesn't tend to get as excited about a weak Dollar as Japan does about a weak Yen – failing that 80.50 line today should be a fairly bullish indicator for US Equities.  

We had some good manufacturing reports from Europe and Asia with Chinese PMI at 50.4, the first growth in 13 months and Manufacturing Output rising to 51.3 in November from 48.2.  "The economic recovery continues to gain momentum," says HSBC's Qu Hongbin. "However, it is still the early stage of recovery and global economic growth remains fragile." 

Eurozone Manufacturing PMI also ran up to an 8-month high of 46.2 from 45.4 in October with Manufacturing output at 45.9, up from 45 but Services…
continue reading

Why Worry Wednesday – Same Problems No Longer Bothering Markets

Nice and bouncy!

Check out our Big Chart.  Check our our bounce levels, which I posted on Monday and still are

  • Dow 12,720 weak, 12,950 strong. 
  • S&P 1,375 weak, 1,400 strong.  
  • Nasdaq 2,900 weak, 3,000 strong. 
  • NYSE 8,000 weak, 8,100 strong.
  • Russell 790 weak, 805 strong. 

Just two days later we're right in the zone and – most importantly, our weak bounce lines held on yesterday's dip – that's a very good sign.  

The best thing about re-establishing trading ranges is that it lets us take advantage of channel bets like yesterday's USO trade from the morning post, where we caught a nice 50% gain for the day and we took that money and ran as oil tested the $86 line – just $1 off our target without all that tedious waiting…  Of course the Futures bet on /CL was well-timed and a $3 move in the Futures pays $3,000 per contract so thanks to the oil crooks for being so predictable.  We got our cease-fire rumor in the Gaza and that was all it took to knock oil back 3% but it was a rumor only – which is why we quickly got out and now, maybe, we'll be able to do it all again on a new set-up (oil currently back at $87.50).  

Unfortunately, the HPQ Jan $12 puts we also talked about in the morning post only made it to $1.17 at the open but, as expected, they have already fallen back to .90 for a 23% gain on the day.  Trades like that simply follow PSW's Rule #1 (and there are only 2): "ALWAYS sell into the initial excitement."  Our job is to sell premium – so
continue reading

Testy Tuesday – Can We Hold Our Weak Bounce Levels?

That was nice!

In one day, we erased all of last week's losses and cleared the 200 dma before it had a chance to bend lower but, as you can see from Doug Short's chart, the 50 dma is already in decline and we have to do MUCH better than this to get back over that line and turn that frowning average upside down before we are able to say we're back on a long-term bullish path.  

What we have so far is a 30-point, 2-day bounce on the S&P after a 16-day 105-point drop or, we could look at the post election day dip of 80 points over the previous 7 sessions and then 30 points back up is almost exactly that magical 40% retraces we'd be looking for and the short time-frame makes more sense that way.  

UUP WEEKLY Overall, we're looking for follow-through on this move, hopefully back to at least 1,400, which will take another 50% of yesterday's move to complete.  As we noted yesterday, we were looking to make weak bounces to Dow 12,720, S&P 1,375, Nasdaq 2,900, NYSE 8,000 and Russell 790 and we made all of those targets so now we just need to hold them as we attack our strong bounce levels at Dow 12,950, S&P 1,400, Nasdaq 3,000, NYSE 8,100 and Russell 805.  If we can't do that – it's not a real rally.

Dave Fry's Dollar chart shows how close the inverse relationship between stocks and the Dollar has been this Summer and Fall and we finally got the Dollar back below the 81 line yesterday, so of course we are rallying.  It's not about the one-day rally but about what sticks once the variables calm down – and that remains to be seen.

Shorting oil off the $89 line (/CL) is working well this morning and we never quite got to $90 yesterday, which was a good sign for our bearish bets.  The constant parade of "experts" on CNBC who say oil will fly back over $100 because Israel and Gaza are shooting at each other makes it hard to hold conviction on these bets but the bottom line is there is an insane amount of product in storage and very little demand – until and unless the supply is somehow actually disrupted (and this little skirmish simply won't do it) – our premise for…
continue reading

Monday Market Momentum – Changing for the Better?

As I noted Friday, we were due for at least a bounce:

It doesn't really matter why but, as of this morning, the Global consensus is that our fiscal cliff issue may not come to pass and that's cheering up the Global Markets and weakening the Dollar (now 81.08) to give us a little follow-through on Friday's bouncy action.  So much so that we should open on the way to our weak bounce lines and, hopefully, get past those and test our strong bounce lines this week.  I sent a detailed study to Members earlier this morning but the quick summary of our bounce zones is:

  • Dow 12,720 weak, 12,950 strong. 
  • S&P 1,375 weak, 1,400 strong.  
  • Nasdaq 2,900 weak, 3,000 strong. 
  • NYSE 8,000 weak, 8,100 strong.
  • Russell 790 weak, 805 strong. 

Certainly there is nothing at all to be impressed about with anything less than capturing and holding our weak bounce levels today and moving on to our strong bounce levels by Wednesday.  ANY failure of our lows (Dow 12,500, S&P 1,350, Nas 2,825, NYSE 7,900 and Russell 770) is a sign to flip even more bearish but we'll want to see all 5 weak bounces hold and then 3 of 5 strong bounces in order to not go into the holiday weekend with strong hedges (see last Wednesday's post for our Disaster Hedge updates).

Along with discussing our 5% Rule levels, we also had new trade ideas for AAPL and ABX in early morning Member Chat, so make sure you check that out as they are a couple of fantastic trades!  We've been doing plenty of bottom-fishing lately and now we're testing that bottom to make sure our fishing hole isn't deeper than we think.  That's why our most likely move into the bounce is not to add more long positions, which we'd have to chase off the bottom but to make sure we are properly hedged – in case those bounces disappoint us.

We're bouncing because we over-reacted to the Fiscal Cliff but before there was a fiscal cliff, there were terrible 3rd quarter earnings reports and, with 460 of the S&P now reporting, it is safe to say this was the worst quarter in 3 years with total earnings down 2.2% and total revenues down 3.6%.  

Only 38% of the companies reporting had upside guidance surprises despite…
continue reading

Finally Friday – Maybe Tomorrow the Markets Won’t Fall

Falling, falling, falling

That's all the markets have been doing lately.  As you can see from our Big Chart – it's been a pretty orderly sell-off according to our 5% rule with roughly a 4-5% drop during October with some consolidation, followed by a much steeper 4-5% drop after the election.

We're back to the point where we expect resistance at an 8% total drop as well as some bounce action where once again we'll be measuring for strong or weak bounces to determine whether or not we can get a turn again (our indicators kept us bearish last time).  Regarding the current action, I said to our Members yesterday in Chat:  

I think there is a lot of selling as people take capital gains while they can.  I think that it's very possible that it's going to be very difficult to get a proper rally into the end of the year because there are plenty of people waiting for a rally to take their gains, whether through timing or position.  The problem with this state of not knowing is it becomes prudent for people to hedge for the worst and, if someone had a 20% gain for the year and now it's 15% and they can take it off now and keep 12.75% (after 15% tax) vs possibly hitting another 5% drop and running down to 8.5% this year or possibly 7% (at 30%) if they wait until next year and there's no recovery (and the more the cliff looms the less likely recovery seems) then it almost doesn't make sense not to take the 12.75% and run.  So that's very possibly the selling pressure we see and it may continue to be relentless into the end of the year unless there is some sort of resolution or delay to the cliff. 

While we don't think the Fiscal Cliff will end up being a big deal – that doesn't stop others from panicking.  This week we've been scooping up positions they have been running away from but, if we're going to have another leg down – we'll be needing those disaster hedges (see Wednesday's post) to keep us out of trouble.  It doesn't take much to profit from a downturn, fortunately, when we use good hedges.  On Wednesday I suggested the TZA April $17/24 bull call spread for $1.40, selling the $14…
continue reading

Tags: , , , , , , , , , , , , ,



Swing trading portfolio - week of November 25th, 2014

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 ...

more from OpTrader

Zero Hedge

Swiss Gold Initiative: Good Idea with Unintended Consequences

Courtesy of ZeroHedge. View original post here.

Submitted by Gold Standard Institute.

by Keith Weiner


There is now a very interesting initiative on the Swiss ballot, which will require the Swiss National Bank (SNB) to hold 20 percent of its reserves in gold. The voters will decide on November 30. I won’t predict the vote, but I want to discuss the likely impact of a yes vote.

Much of the analysis of this initiative is about the price of gold. A typical prediction is that it will go up, as SNB buying will exceed supply. However Mike Shedlock ...

more from Tyler

Phil's Favorites

"Regin" World's Most Advanced Cyber Snoop Hits Russia, 4 Other Countries; Western Intelligence Agency Likely Responsible

Courtesy of Mish.

Telecom companies in Russia and Saudi Arabia have been hit by the world's most sophisticated hacking software to date.

Symantec believes a Western intelligence agency is responsible.

Please consider World’s Most Advanced Hacking Spyware Let Loose
A cyber snooping operation reminiscent of the Stuxnet worm and billed as the world’s most sophisticated computer malware is targeting Russian and Saudi Arabian telecoms companies.

Cyber security company Symantec said the malware, called “Regin”, is probably run by a western intelligence agency and in some respects is more advanced in engineering terms than Stuxnet, which was developed by US and Israel government hackers in 20...

more from Ilene

Chart School

Overreaching Enthusiasm?

Courtesy of Declan.

Bullish monetary policy rumblings from China and Europe had kick started a bright opening for markets, but the feel good factor gradually wore off as the day lengthened, and in the end, the day felt oddly bearish. The S&P closed with a bearish inverse hammer, which could turn into a bearish shooting star if there is a gap down on Monday. Volume climbed to register technical accumulation, but this could mark significant overhead supply if sellers come back tomorrow. I have widened the Fib levels for the next decline. Note, pending MACD trigger 'sell,' although other technicals are in good shape.

The Nasdaq did alright as it emerged from a secondary handle. The 'b...

more from Chart School

All About Trends

Mid-Day Update

Reminder: David 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...

more from David

Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the Happy Thanksgiving Edition of Stock World Weekly!

Click on this link and sign in with your PSW user name and password. 

Picture via Pixabay.


more from SWW

Market Shadows

Official Moves in the Market Shadows' Virtual Portfolio

By Ilene 

I officially bought 250 shares of EZCH at $18.76 and sold 300 shares of IGT at $17.09 in Market Shadows' Virtual Portfolio yesterday (Fri. 11-21).

Click here for Thursday's post where I was thinking about buying EZCH. After further reading, I decided to add it to the virtual portfolio and to sell IGT and several other stocks, which we'll be saying goodbye to next week.


1. th...

more from Paul


Sector Detector: Investors make up new rules for their new market paradigm

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

Courtesy of Sabrient Systems and Gradient Analytics

By Scott Martindale

Investors in U.S. equities seem to have embraced a new market paradigm in which upside spikes come more swiftly than the downside selloffs. Remember when it used to be the other way around? When fear was stronger than greed? The market is consolidating its gains off the early-October V-bottom reversal, and no one seems to be in any hurry to unload shares this time around, with the holidays rapidly approaching and all. After all, there are bright blue skies directly overhead giving hope and respite from the early freeze blanketing the country.

In this weekly update, I give my view of the current market environment, offer...

more from Sabrient

Digital Currencies

Ukraine Central Bank Bans Bitcoin "To Protect Citizens" From Financing Terrorism

If you would have supposed that Ukraine had enough problems to make banning bitcoins a backburner issue, you'd have been wrong. The rationale, "to protect consumers' rights" makes little to no sense... The other one, "to keep money in the country" makes more sense. 

Ukraine Central Bank Bans Bitcoin "To Protect Citizens" From Financing Terrorism

Courtesy of ZeroHedge. View original post here.

The Hryvnia has collapsed to new record lows near 15/USD this morning. The Central Bank and bankers "agreed to keep UAH at 15-16/USD" but are &qu...

more from Bitcoin

Option Review

Yamana Gold call options sink

Yamana Gold call options sink

By Andrew Wilkinson at Interactive Brokers

A four-year low for the spot price of gold has had a devastating impact on Yamana Gold (Ticker: AUY), with shares in the name down at the lowest price in six years. Some option traders were especially keen to sell premium and appear to see few signs of a lasting rebound within the next five months. The price of gold suffered again Wednesday as the dollar strengthened and stock prices advanced. The post price of gold fell to $1145 adding further pain to share prices of gold miners. Shares in Yamana Gold tumbled to $3.62 and the lowest price since 2008 as call option sellers used the April expiration contract to write premium at the $5.00 strike. That strike is now 38% above the price of the stock. Premium writers took in around 16-cents per contract o...

more from Caitlin


Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...

more from Pharmboy

Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

Thank you for you time!

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 >>

As Seen On:

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 >>