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Phil's Newsletter

Thursday – ECB Cuts Rates Sending Euro Up, Dollar Down, Futures Up

$INDU WEEKLYNow this is interesting.  

We had a 1% sell-off yesterday into the ECB's expected rate cut (and they did, indeed, cut rates 0.25% this morning) and that sent the Euro flying up to $1.32 again (we discussed why in Member Chat yesterday) and the Dollar fell to 81.50 again (yesterday's low) and the Futures are up about half a point at 7:57.  

So, are happy days here again or is this just more irrational exuberance?  

As you can see from Dave Fry's weekly Dow chart, we're holding the bottom of the steeply rising channel so far but that Dollar has dropped from 83.32 last week to 81.50 this week and that's 2.2% and 2.2% of the Dow is 323 points so try putting 14,427 in as the bottom of that candle and you'll get a better idea of how the Dow is really doing without Central Bank shenanigans.  

Unlike Mr. Fry, we are not long on the Dow – not in the short-term anyway.  We are, in fact, using DIA puts as one of our hedges and TZA is another one, though I did want to cash out the more volatile TZAs yesterday in anticipation of an ECB bounce.  While the Dow is holding up fairly well – that's just 30 companies.  The Russell has 2,000 companies in the index and they dropped like 2,000 small rocks yesterday, falling the full 2.5% for the day – indicating they are more likely to drop another 1.25% than to bounce more than 0.5% today.  

As you can see from our Big Chart – those "M" patterns we were expecting are beginning to form and, of course, AAPL is keeping the Nasdaq above it's 10% line but thing can turn ugly very very fast if our favorite stock drops again.  We did, in fact, add two new AAPL trade ideas to our AAPL Money Portfolio in this morning's Member Chat and we do plan to sell a few short calls to lock in some of this run's gains on that one.  As to the indexes – we have fat support lines at 3,300 on the Nasdaq (10%), 9,200 on the NYSE (15%) and 920 on the Russell (15%) and, if those 3 break – we're looking at another 2.5% drop with virtually no support so watch out for a Dollar bounce that can set the
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Wall of Worries Wednesday – Will the Fed and ECB Push US Over?

.SPX WEEKLYAs foretold, we flatlined into the end of the month – now what?

Today is May Day, where we celebrate the Workers of the World (as long as they don't unite, of course) and that means most Global markets are closed or slow but the bad economic data keeps pouring in.

Slovena's credit is lowered to junk by Moody's, China's PMI came in at 50.6, which is expanding slightly (50 neutral) but lower than 50.7 forecast and lower and 50.9 in March and, if you were paying attention to my chart lesson on Monday, you are thinking of how these readings affect the curve of the 50 dma that WILL be drawn in the future and how this WILL make the chart look – that's how you use TA to predict, rather than just react.

More importantly on China, new orders fell from 52.3 in March to 51.7 in April and, even worse, new export orders fell to 48.6 (CONTRACTION) from 50.9.  The Shanghai Composite is already down 11% for the year and we are ignoring this the same way we ignored it in 2008 – as our markets flew and China declined.  Our situation is a little healthier this time as we're not being led higher by energy, commodity and builder stocks – all things that ultimately suck money out of the pockets of consumers – so not the same situation for a total collapse but – correction? – maybe.

As noted by Bloomberg re. China: "Growth risks include weakness in export demand, property-market overheating, a surge in so-called shadow banking and the damping of consumption by President Xi Jinping’s campaign to rein in official spending."

Don't forget, China is doing this on purpose to curb their out-of-control 8.5% growth/inflation and, as is very normal in Government tinkering, they are overshooting the mark ahead of making corrections (we assume they will).  By the way, China now surveys 3,000 manufacturers in their survey vs. 820 previously, so the data is now more accurate as well and, of course, I think it's bullish just to know they care enough to try!

Back to the bad news though (oops, this is getting to be the morning post!), Australia's Manufacturing DIED, dropping 7.7 points to 36.7 from an already crap 44.4.  This is their worst reading since 2004:

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Testy Tuesday – Drifting Along into the End of the Month

I apologize for the brief post.

My morning post was lost as I stayed in AC yesterday and had a spot of computer trouble this morning.   Anyway, not much action and I'll certainly catch up in chat today.  Futures pretty flat.  I hope everyone enjoyed yesterday's conference  - it was great getting to meet some of the Members in Person.  Between here and Las Vegas, I've met about 60 of our Members so far and I hope to meet many more of you at future conferences

As you can see from the Big Chart – we're actually doing a good job of avoiding those "M" patterns so far but we are mindful of the fact that the Dollar has dropped 1% in the past two sessions so we take the 1% move up with a huge grain of salt.

Of course, there's no reason to think the Yen will get stronger (now 97.42) and push the Dollar even lower and we get a Fed Rate decision tomorrow followed by the ECB's decision on Thursday morning so we'll have to stay tuned to see how those two balance each other out but, most likely, the ECB will lower rates, drop the Euro below $1.30 and that will be supportive of the Dollar and NOT supportive of stocks and commodities – in the short run.

 photo 4-29-20135-16-19PMroll_zpsfd609bd7.jpgIn the long run – as we discussed at the conference, the free money continues to flow but, as Dave Fry notes:  "The bad-news-is-good theme continues as both Personal Income and Spending came in at 0.2% and missed expectations. The Dallas Fed Index plunged to -15 vs 7.4 previously but Pending Home Sales rose to 1.5% vs prior -1%. As to housing data, one would expect spring and summer home sales to increase so this comes as no surprise. "

Data continues to be poor in Europe but stocks rallied on the hopes of more easing from the ECB, a new government in Italy, and even a relaxation of austerity measures. China is taking a more measured view of fiscal policies but stocks rallied there anyway which helped Asia in general. U.S. stocks rallied as more QE/ZIRP keeps bulls stuck on Fed life support as noted in Reuters. Recent inflation data, no matter how you view its authenticity, allows central banks more flexibility to
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East Coast Conference Monday – Greetings From Atlantic City!

Good morning!

Nothing to read here, just re-posting the early morning commentary to move chat along:  It's been a busy busy weekend in Atlantic City – hope everyone is doing well.

Yesterday we discussed the Global market outlook in depth and talked about the relationships of the US, China, Europe, Emerging Markets, the Fed, the BOJ and the ECB, the austerity myth as well as the money supply, unemployment, income disparity and the real current economic situation in the US, Europe and China.

Nothing shocking of course, just a very in-depth run-down of what we talk about here all the time. We also discussed long-term investing strategies, portfolio management, valuations, buy-write strategies, retirement strategies, income strategies and Craig gave a presentation on his own IRA Portfolio Strategy.

Today will be crazy short-term betting days and, hopefully, we'll be able to give you guys audio live during the day.

To summarize yesterday's conference session – real economy still teetering on the edge of Recession in most of the World but China is artificially deflated and Central Bank pumping by the Fed and the BOJ still override reality. Inflation monster barely contained in the box but not likely to be unleashed until/unless we seem home sales closer to 1.5M (new) and more like 300,000 jobs a month being added with pressure on rising wages.

Counter-intuitively (and we had a chart for this last week), Corporate Profits will decrease on margin pressure but that will spur the inflation rally – which will likely be the great last leg of this bull market. If we're lucky – it can last for years. On the whole, there was nothing to be bearish about until and unless the ECB disappoints us on Thursday (it is expected they will ease) or the Fed and the BOJ stop printing money (beats much watch "Waiting for Godot" every morning before trading on that hope).

All seems calm in the World over the weekend, China and Japan are closed (Hong Kong was open and flat on low volume) for some holiday or other, Italy (good auction) and Spain are very happy and up 1.25% but DAX and CAC are pulling back below their 0.5% levels and the FTSE is just going red (not sure why yet).

This is another huge earning week…
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GDPhriday – Make or Break for the Rally?

We're off to a weak start

Not that it matters ahead of our GDP report but Asia was off just a bit but Europe is down 1% as the BOJ offered no new candy at their meeting this morning.  The Nikkei fell from 14,100 (in giddy anticipation of more free money) all the way back to 13,900 but only down net 1%.  Our own indexes were up in giddy anticipation of a 2.8% GDP number but, as we discussed in Member Chat (and I tweeted the comment for the general public):

GDP – I think we got weak Durable good, less exciting jobs, lower Corporate Revenues and Sequestration should lower Government spending and even oil was cheaper so another downer.  Makes it very hard to imagine that we'll hit the very high expectations of 2.8% from 0.4% last Q.  This is the main reason I can't let go of our beaten-up shorts yet. 

Are we really going to flip from 0.4% to 2.8%.  Last Q1 was 2% and Q3 was our best at 3.1% so it's asking a lot.  The big move up was nonresidential investment (apartments) which bumped 13.2% and, by itself, added 1.28% to the GDP.  Personal consumption sucked and should continue to suck and I doubt exports will save us (to who?). 

We'll see shortly but this is not a market that's pricing in a bad GDP number and the data we've been seeing for the past two months doesn't really build the case for it.  Of course, sometimes the GDP goes up due to one big metric move – especially the counter-intuitive inventory builds and all those unsold items on store shelves due to poor retail sales could lead us to a pretty big build in inventory.  Inventory builds are considered bullish as we still labor under the myth that markets are efficient but they're not efficient when companies can build inventory on sub-2% loans – that doesn't give you a real picture of selling pressure, does it?  Inventory is also a factor of farmers re-filling their silos after last summer's drought.  Without the EXPECTED 1% boost from farm inventories alone – growth would be under 2% at best.  

That's why we're skeptical and that's why we've been hanging on to our bearish hedges, even as we get yet another re-test of our market tops.  The Nasdaq hit
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Thursday Already? Earnings Week Is Too Much Fun!

RUT WEEKLYWheeeee, what a ride!

The Russell is one of our key shorts (using TZA calls) and you can see on Dave Fry's chart how resistance at the 950 line has not been futile so far.  If it does pop – it's a clear signal for us to run with the bulls again but so far, it's going pretty much the way we thought as we had QE from the Fed in November and QE from the BOJ in December and they were both good for 100-point runs on the RUT but now what?  

On the S&P we've gone from 1,400 to 1,600 so also 100 points twice but 100 on the RUT is a much bigger percentage than 100 on the S&P – hence both the RUT's relative outperformance and relative danger of a precipitous fall should some of the bad stuff (and here's a dozen items to mull over) be realized.  

So, what next?  Our formula dictates that $1Bn of stimulus buys one S&P point for one month and the Fed is pumping in $85Bn a month (1,485) and the BOJ is contributing $75Bn a month (1,590) and, as long as that keeps coming, we should be able to maintain these levels but that assumes that 1,400 is justified without the support.  So earnings do matter – we need to see that stocks today are not worse off than they were when the S&P was trading at 1,400 – where we were last year at this time.  

4-24-2013 5-39-25 PM trailingThere's the rub.  So far, earnings have not been spectacular, with only 56.9% of the reporting companies beating earnings and an atrocious 44.1% beating on Revenues or, to put it more accurately, 55.9% of the companies MISSED or were just in-line on revenues compared to last year, when the S&P was 14% lower.  

What then, are our mitigating factors?  Well, there's all that FREE MONEY the CBs keep pouring in.  And what have companies been doing with all this cash?  Have they been hiring workers?  NoNoNo – that's what small businesses do.  Big Businesses buy back their own stock and pay dividends to the top 1% so they can pay what is still a 15% tax on dividends rather than capital gains on the stock appreciation.  Even AAPL is playing that game now – becoming the biggest dividend-paying stock of all time
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Will We Hold It Wednesday – Apple Gives Us No Reason To Cheer

What a wild market!

As you can see from our Big Chart – we're still 3 of 5 over our 10% lines but it seems like we're always 3 of 5 over and it's getting about time for the Dow (needs 15,200) and the Nasdaq (needs 3,300) to put up or shut up.  The Dow made a mighty move yesterday – up 152 points but still 500 shy of goal at 14,700 and the Nasdaq just lost AAPL as a possible catalyst as their conference call indicated there would be no new iStuff at least until Christmas

That's going to weigh on AAPL's suppliers this morning so most likely the Nasdaq goes lower but we did get good news from FDX and BA this morning and BA is a Dow component and FDX is big in the Transports so that should help the overall picture on the Industrial side.  

Even ABX chipped in with a beat and our stock of the year (AAPL) may be getting kicked in the teeth but our stock of the century, IRBT, is up 16% pre-market on way better than expected earnings and raised guidance.  We just added 20 short Sept $17.50 puts at $1.50 to our Income Portfolio last week – and that's how fast we can lock down a $3,000 gain!  We were actually hoping they'd go $3 the other way, so we'd get a chance to buy them but it looks like $3,000 will be our consolation prize for not being able to buy the stock below $17.50…

SPY 5 MINUTESpeaking of machines taking over the World: Yesterday's rally was briefly interrupted by a tweet from the official AP site, which has 2M followers, stating:  "Breaking:  Two Explosions in the White House and Barack Obama is injured."  That caused the major indexes to drop 1% in less than a minute as News-Reading Trade Bots (yes, they have those) took those key words as a sell signal and crashed the market.   

Turns out, of course, that it was a false rumor from someone who hacked the AP account (will an arrest be made or is Lloyd Blankfein still at large?) and was quickly corrected by human traders but, as there are less than 12 of us left – it took 5 minutes for the markets to correct.  

Actually, the "Syrian Electronic Army" is taking…
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Toppy Tuesday – NFLX Leads Us Back to the Promised Land

S&P 500 versus inflation expectationsI have been to the mountaintop!

Actually, this is our third trip to the mountaintop since early 2000 and our last two trips did not end well and, as you can see from this chart by Paragon Capital, the DJ/CS 10-year Inflation Breakeven Index (which measures changes in inflation expectations) has completely gone off the rails and that has, in the past, been a VERY STRONG SELL SIGNAL.

This time is not different yet, just like when we have a cold day in the winter and all the Climate Deniers start saying "see, there's no Global Warming because it's cold," we can't assume that we can ignore what the bond market is telling us just because the market is spiking – again. 

Of course, we do need to consider that the Fed is artificially depressing bond prices and the government is artificially manipulating inflation data to depress those bond prices so, perhaps, we are getting a drastically false signal from the Breakeven Index.  NFLX popped 35% in 24 hours (so far) and this is not a penny stock, folks.  

Whether you agree with the move or not (we don't, we thought $200 tops), the fact of the matter is that plenty of people seem to think a widely held, closely followed, highly liquid stock like NFLX can be 35% underpriced and that the stock can gain $3Bn in market cap on a $7M earnings beat.  

That's a very nice 428:1 reward for the extra earnings scraps!   AAPL might beat by $1Bn ($11Bn vs $10Bn expected) – wouldn't it be funny if their stock jumped $428Bn this evening?  The funny thing is, even if it did double overnight, AAPL would be trading at $800Bn with $40Bn+ in earnings – a p/e of under 20 vs NFLX's p/e of about 160 now (assuming the rest of the year is as good as this Q, of course).    

The problem with NFLX earnings is, of course, that they are tiny.  NFLX made $15M this Q but revenues were not higher – they just spent less money.  Of course, as Croy Johnson points out, NFLX has a MINIMUM of $5.7Bn of future contracts committed to studios for content already and, at $1Bn per quarter in total revenues – I hope those are very long-term deals!  As noted by Dividend Pros

In response to a

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Monday Morning: Markets Up, Democracy Down

Our Democracy has been corrupted.

I mentioned in weekend Member Chat that, on Politically Incorrect, Bill Maher had made an excellent point about how the Senate now grossly misrepresents the will of the American people as we need 60 votes to get anything done (with juvenile GOP filibustering on every bill) and that those votes come from Senators like the ones in Wyoming that represent 100,000 people who carry as much weight as the ones in California, who represent 8M people (who voted for them). 

His point was that the original 13 colonies had SLIGHT discrepancies in population and the House/Senate thing was meant to address that but surely they didn't envision one state having 100 times more people than another. Nor did the Founding Fathers intend the 3 branches of Government to be overwhelmed by the Senate – who could grind the whole process to a halt, even though both the House and the President agreed on legislation. It's a perversion of the Constitution and we do, as a nation, need to change the constitution to put an end to this abuse.

StJeanLuc pointed out this weekend that Slate had an article where they ran the numbers on the recent gun bill, which was almost a complete split between Democratic and Republican Senators and, as it turns out, the 54 Senators who backed the Manchin-Toomey bill represented 198.4 Million people while the Senators who successfully blocked the bill with 46 Senate votes represented just 114.9M people.  

Even in the House of Representatives, where the will of the people is supposed to rule, Democratic Reps got 54.3M votes while Republicans got 53.8M votes yet the GOP's severe gerrymandering of districts gave them a tremendous edge in the outcome – 234 to 201 Congressmen – more than enough to thwart the will of the President and the majority of the American people for another 2 years.  

I think, if we are going to do anything about this the Democrats have to first get angry about this and, to get angry about it they need to be aware about it so this is my first mission – to make sure people are talking about this into the next election cycle.  Even if you are a Conservative – if you truly care about the Constitution's INTENT and not
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Five Inflation Fighters Set to Fly – Part 2

And we're back!

This is a continuation of yesterday's post, which laid the background for our inflation premise and discussed F as our first trade idea.  That means we'll need 4 more to round this set off and the chart on the right, from Bespoke, illustrates another premise we've been touting since the Fall – BUY AMERICAN

F is American, of course and one of the reasons we like them is that most of their revenues come from domestic auto sales and domestic financing.  As you can see from the chart, there's a pretty strong correlation between NOT relying on Europe and Asia and market performance this year.

This is why we also like domestic Materials plays, like CLF, who do over 68.5% of their business in the US.  Yes, International demand as well as International pricing for iron ore does leave them at the mercy of overall global demand but that's already happened and CLF is already down from $96 in 2011 to $74 last year and $40 at the beginning of this year — all the way to $17.63 at Friday's close, the lowest it's been priced since March of 2009.

We already took a stab at CLF at net $19.90 in our Income Portfolio on 2/26 and added another round (through short put sales) at net $13.50 on 3/27 and, if we can double down again at net $10 – we probably will but for now, and as a new trade idea – I'm very happy with our recent sale of the 2015 $18 puts, which are now $5.25 for a net entry of just $12.75.  As with Ford, this is a margin-efficient sale with a net margin of just $3,551 to collect $5,250 for selling 10 contracts.  Doing nothing else on this trade can return up to 147% on margin in 20 months (Jan 2015) and all CLF has to do is struggle back over $18 – from $17.63 today (2%). 

Figuring out ways to make 147% on 2% stock moves is what options trading is all about!  And what's our worst case here?  We are obligated to own 1,000 shares of CLF at $18 per share ($18,000), less the $5,250 we were paid to accept that obligation so net $12,750, which is 27% below the current price.  Now we can get fancy, let's say we're happy to pay $15…
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Zero Hedge

How Belief in Mainstream News Propaganda Affects Belief in Gold & Silver Propaganda

Courtesy of ZeroHedge. View original post here.

Submitted by smartknowledgeu.

Today, most mainstream news channels in every country has devolved into nearly pure State propaganda. Recognition of this will prevent one from falling victim to the mountains of financial propaganda that also dominate mainstream TV shows and newspapers as well. In our SmartKnowledgeU Podcast #4, we discuss how to spot the mainstream news propaganda and how to connect the dots of the mainstream news propaganda to the propaganda that surrounds gold and silver news today to ultimately ferret out the truth.

You may listen to this podcast by clicking on the above image and then clicking the link "Watch this vid...

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Phil's Favorites

China moves to counteract stock market bubble


View image | China moves to counteract stock market bubble

Courtesy of Joshua Brown, The Reformed Broker

The Chinese stock market has effectively doubled over the past year and a full-scale mania has gotten underway with mainland individual investors opening millions of brokerage accounts a month. This is a good thing, not a b...

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Chart School

World Markets Weekend Update: The Rally Shifts (Mostly) Into Reverse

Courtesy of Doug Short.

Six of the eight indexes on our world watch list traded lower this week, with Germany's DAX down 5.57%. The best performing of the six losers was the S&P 500, down only 0.99%. The big positive outlier was China's Shanghai Composite, up a jaw-dropping 6.27% for the week and now up 32.54% in 2015. Hong Kong's Hang Seng was a less conspicuous outlier with a 1.40% weekly gain.

Here is an overlay of the eight for a sense of their comparative performance so far in 2015.

Here is a table of the 2015 data performance, sorted from high to low, along with the interim highs for the eight indexes. All eight indexes are in the green, with the top five gains ranging 12.62% to 32.54%. Not bad for for the first three-and-a-half months of the year. At the bottom of the list, the S&P 500 is up 1.08%.


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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...

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Kimble Charting Solutions

S&P 500 vulnerable to a decline says Joe Friday!

Courtesy of Chris Kimble.


When it comes to investing in the stock market, do you feel leadership can be important. If so, you might want to pay attention to price action from a key global stock index. China has been in the news for hot stock market performance that past couple of months. When it comes to the past couple of years, Germany has been stronger than China and the S&P 500. In the past two years the DAX index has gained 18% more than the S&P 500, which is a 60% greater return.

The chart below looks at conditions in the DAX at this time and what message is coming from this index.


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Sector Detector: Earnings and GDP temporarily take investor spotlight off the Fed

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

Courtesy of Sabrient Systems and Gradient Analytics

As we get into the heart of earnings season and anticipate the GDP report for Q1, the investor spotlight has been taken off the Federal Reserve and timing of its first interest rate hike, at least temporarily. Even though Q1 economic growth will undoubtedly look weak, the future remains bright for the U.S economy – even though many multinationals will struggle with top-line growth due to the strong dollar – and any near-term selloff resulting from weak economic or earnings news should be bought yet again in expectation of better results for the balance of the year. High sector correlations remain a concern, reflectin...

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Swing trading portfolio - week of April 13th, 2015

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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Digital Currencies

SkyNet Is Almost Sentient: HFTs To Start Trading Bitcoin

SkyNet Is Almost Sentient: HFTs To Start Trading Bitcoin

Courtesy of ZeroHedge. View original post here.

As noted earlier, with equities now a barren wasteland of volume (and liquidity), the last remaining HFT master (of whale order frontrunning) has been forced to go to those asset classes where organic flow is still abundant such as FX, courtesy of central banks engaged in global currency wars. However, HFTs rea...

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Watch the Phil Davis Special on Money Talk on BNN TV!

Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene


The replay is now available on BNN's website. For the three part series, click on the links below. 

Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...

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Market Shadows

Kimble Charts: South Korea's EWY

Kimble Charts: South Korea's EWY

By Ilene 

Chris Kimble likes the iShares MSCI South Korea Capped (EWY), but only if it breaks out of a pennant pattern. This South Korean equities ETF has underperformed the S&P 500 by 60% since 2011.

You're probably familiar with its largest holding, Samsung Electronics Co Ltd, and at least several other represented companies such as Hyundai Motor Co and Kia Motors Corp.


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Mapping The Market

S&P 500 Leverage and Hedges Options - Part 2

Courtesy of Jean-Luc Saillard.

In my last post (Part 1 of this article), I looked at alternative ETFs that could be used as hedges against the corrections that we have seen during that long 2 year bull run. Looking at the results, it seems that for short (less than a month) corrections, a VIX ETF like VXX could actually be a viable candidate to hedge or speculate on the way down. Another alternative ETF was TMF, a long Treasuries ETF which banks on the fact that when markets go down, money tends to pack into treasuries viewed as safe instruments. In some cases, TMF even outperformed the usual hedging instruments like leveraged ETFs. There could of course be other factors at play since some of 2014 corrections were related to geopolitical events which are certain...

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2015 - Biotech Fever

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

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...

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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...

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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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