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

Balls to the Wall Wednesday – The Bull is Back!

SPY 5 MINUTEIgnition and BLAST OFF!  

Sure it's low volume (see Dave Fry's SPY chart), but who cares?  TSLA jumps 16% in a day, gaining $3Bn in market cap in 5 hours and they tack on another $1Bn overnight – just for good measure.  Yes they delivered 20% more cars than expected but that was for one quarter, not the whole year and Musk himself says the long-awaited cheaper Tesla is "about 3 years away" the same 3 years away it was 3 years ago!  

I'm not going to use the word "scam" because we shorted TSLA yesterday (Feb $140 puts for $5) and that wouldn't be fair.  I also won't say "pump and dump" or anything else derisive other than paying $20Bn for a company that has no earnings and projects, at best, $200M next year (for a p/e of 100) in a sector where the average p/e is in the teens – may be a little overpriced.  

We've played this game before with TSLA and we know not to stand in the way of a runaway train.  We'll stop out of our Feb puts with a small loss if we have to and then re-short for April and again for July if they keep going higher because that strategy, of followed last year, eventually hit the jackpot as they dove from $195 all the way back to $120 between Oct 1st and Thanksgiving.  

Just like a Futures trade (and see Tuesday's Webcast for a good example), the key to success is having tight stops when you are wrong so you have another chance to reload at the next stop.  We expect some resistance at $165 and a pullback to $150 but, if not, then we'll see how $180 goes ($24Bn!).  While TSLA was crowing about ramping up production to 600 cars a week, TM, who produce 600 cars AN HOUR announced their HYDROGEN fuel cell Prius should be ready next year.  

TM has already sold 6M hybrid Prisus', a number TSLA is on pace to hit about 100 years from now!  Yet TSLA is already at 1/6th of TM's
continue reading





Testy Tuesday – Letting off Steam or Sending a Warning?

SPY 5 MINUTEWheeeee – that was fun!  

It was fun because we were short-term bearish and we finally got a bit of a sell-off.  During yesterday's live Webcast, in fact, we had just shorted the Russell Futures at 1,060 in PSW Member Chat and, as I was demonstrating the Futures trade on /TF, we were already down to 1,052 and up $800 per contract.  We never got a strong bounce and the next leg took us down to 1,138, stopping out at 1,140 for a $2,000 per contract gain on the day – wheeeee! indeed.  

Our very bearish, very aggressive, Short-Term Portfolio positions popped from +18,000 on Friday to +$42,000 but we closed that one and we're going to stick to more conservative trading this year, rather than endure daily $24,000 swings, even when they are in our favor!  We already have a more conservatie virtual Short-Term Portfolio in our seminar series and, as planned, that STP popped 2.3% as it was the bearish offset to our Long-Term bullish portfolio, that fell back 0.3% to +0.2%.  

We'll be doing a full review in today's Webcast at 1pm, which you can sign up for here.

Meanwhile, the question is, how worried should we be by this little sell-off.  Looking at this Dow chart from Zero Hedge that compares the current Dow to the Dow movement just ahead of the great crash of 1929 - it does kind of look like we should be concerned, from a pattern-recognition standpoint at least.  Even a bounce today is expected, according to the historical chart, giving us false hopes before the big drop in a week or so.  

Last Tuesday we predicted how far the indexes would fall using our famous 5% Rule™, and they were the 1.25% and 2.5% drop lines at:

  • Dow 16,300 and 16,100


continue reading





Merger Monday – Suntory Buys Beam for 25% Premium ($16Bn)

Jim Beam Whiskey AdMergers are great market boosters.  

They make investors think everything is undervalued in a sector when one company gets bought for high cash premiums and BEAM (Jim Beam) is one of those companies many of us know and love but not, apparently, as much as the Japanese who will be taking over this 110 year-old American Icon.  BEAM did not rise 30% last year, making it "cheap" vs other S&P choices and, of couse, the only thing in the World more plentiful than Free Dollars is Free Yen – so why not gobble up some assets while the gobbling's good? 

The company’s combined portfolio of brands will include Beam’s Jim Beam, Maker’s Mark and Knob Creek bourbons; Courvoisier cognac and Sauza tequila; plus Suntory’s Japanese whiskies Yamazaki, Hakushu, Hibiki and Kakubin; Bowmore Scotch whisky; and Midori liqueur and, if you went from "yeah, I know those" to "who?" while reading that list, then you can see why Suntory values Beam's distribution network and brand recognition as much as they do the product. 

Suntory is a 1 TRILLION Yen Company and a steady, 4% dividend payer in Japan.  A move like this is another bullish signal for the markets as this is the proverbial money coming off the sidelines, when foreign companies begin buying up US companies and Japan is a prime candidate as the Nikkei was up 45% last year – making the S&P look pretty cheap to them. 

If you want to find other companies that look cheap, I would suggest the S&P's 20 Most Concentrated Hedge Fund Holdings, where BEAM was number 7.  These are the companies most favored by hedge funds and it's not the usual suspects:

The Free Money is still out there, as long as you can service a 10-year loan at 3%, any of these companies can be yours and refinancing a decade from now is the next CEOs job – especially if you are a CEO already over 55 and looking to put your stamp on your company with a big move.  STZ, for example, is a $15Bn company at $80 a share (expect it to move higher on this news) and a
continue reading





Non-Farm Friday – To Work or Not to Work, That is the Economic Question

We're waiting on the Jobs Report.  

I don't think it's going to matter, whether or not we employed more or less than the expected 200,000 new people in December doesn't matter as much as what we had to pay them.  Hourly earnings are, so far, up 0.2% for the year and the average work-week for "employed" people is 34.5 hours and that's GOOD news for Corporation, who are spending 15% less per worker than they did in 2005.  

Now, you may wonder how the workers feel about that but, if you do, then you are some kind of LIBERAL and you have to leave right now because this is a stock newsletter and we should care no more about the feeling of labor as we do about the feelings of a barrel of oil – the second biggest cost for our beloved Corporate Masters.  

Of course, there are some Corporations that do own oil, and they do care about the price of each and every barrel they own, but there are no Corporations who own people (not legally, anyway) - so f*ck them, right?  

Our current trickle down economic policy guarantees us a steady supply of cheap labor.  Labor costs were, in fact, rising in 2007 but "accidentally" wrecking the economy wiped out over 9M jobs and, at an average of 100,000 jobs a month added since Obama took over in Jan, 2009, we've now added back 5M of them – leaving plenty of people still scrambling for work – so many, in fact, that Congress wisely decided that they are just lazy and cut off their unemployment benefits.  

And, the best part is, we've replaced all those nasty high-paying jobs with cool low-paying jobs – leading to record corporate proifts – Yay Capitalism!!!

8:30 Update:  And here's the number - just 74,000 jobs added, a 63% miss from what Economorons were estimating and the lowest positive figure since 1978.  Will that tank the market?  Hardly – because it means the Fed will have an excuse to give us MORE FREE MONEY!!!  Again, we're buying stocks, we're capitalists, we don't give a crap if 126,000 people…
continue reading





Thursday Thrust – Futures Pop Back to Highs BUT We Smell Last Gasp

That's it, I'm officially the last bear in America.  

Well, according to the AAII Bull-Bear Sentiment Survey, anyway.  In the entire 23-year history of this survey, there have never been more bulls or less bears and, as you can see from the ratio, it won't be long now before they track me down and shoot me – well, that's what it feels like to be bearish in this market.  

I guess the people at Macy's are crazy too, they are closing 5 stores and laying off 2,500 people in the middle of the greatest bull market (sentiment-wise) in history.  It won't hurt their stock, of course, which is up 30% from last year (along with the rest of the market) and, in fact, BMO Capital just gave them an upgrade because firing people is what American Corporations are all about these days.  

We're still short in our Short-Term Portfolio, and painfully so at the moment but we ARE playing the technicals and we need to see the S&P confirm with a move over 1,840 and then 1,850 to match up with Dow 16,500, Nas 4,175, NYSE 10,400 and Russell 1,070 – as which point we are HAPPY to make more bullish plays. 

Meanwhile, our last set of bullish plays is doing just fine.  Aside from our 3 Trade Ideas for 2014, which were all bullish, we had our last 5 Bullish Trade Ideas on December 17th which followed up on November 25th's 5 MORE Trades That Can Make 500% in a Rising Market.  

Needless to say (obvious from the chart), all of those trades are doing fabulously, even our ABXs have finally come on strong.  The ten trade ideas from those two posts (and you can get trade ideas like this delivered to you daily with a PSW Subscription) were:

  • 10 QQQ March $83/88 bull call spread at $2.18 ($2,180), selling 1 AAPL 2015 $450 puts for


continue reading





Will We Hold It Wednesday – S&P 1,825 Edition

INDU WEEKLY1,825 or bust!  

That's the deal today as we wait for the Fed minutes at 2pm.  We already had the Fed statement back on December 17th, when the Fed announced a very light version of tapering along with a promise to keep rates near zero for at least another year.  

That sent the Dow flying from 15,750 back to 16,500 (4.5%) and a 750-point run gives us the expectation of a 150 point retrace (20% – weak) to 16,350 or a 300-point retrace (40% – strong) back to 16,200 and, so far, 16,350 has held and that's a bullish sign for the Dow.  

BUT, it's held on ridiculously low volume (see Dave Fry's chart) so it don't mean a thing until we see a proper test and it's hard to imagine what the Fed can say that would be worth adding to the 5% pop that's already been baked into these minutes – so I made the call to short the Dow Futures at 16,450 (/YM) this morning in our Member Chat Room.  

During yesterday's Member Chat, we caught a nice move on the Russell.  Aside from our usual Futures short (/TF) we looked at the option combo of buying the Jan $17 calls for .52 and selling the Jan $17 puts for .47 for a net entry of 0.05.  That was at 11am and, by the time we were doing our weekly Webinar, at 2pm, that combo was at 0.25, up 400% in two hours.  This is why we don't mind being mainly in CASH – you can make a Hell of a lot of money in this market by just deploying small amounts of your sidelined capital.  

UUP WEEKLYAlso, keep in mind that CASH has gained 1.5% since we went to it over the holidays – that's something investors often lose sight of – cash is also an asset class that, sometimes, we want to get into when it's cheap.  We had a situation where stocks were expensive-looking and cash was cheap, so we traded our stocks for cash – a very simple plan.  

Brokers don't like you to be in cash because cash is the…
continue reading





Trending Tuesday – Still Going Up?

It's only a little pullback – so far.  

As you can see from Doug Short's S&P chart, we're having a modest pullback on increasing volume as things return to "normal" following the holidays.  You can see why we elected to sit out the past two weeks – already the gains have reversed and we're right back to where we were just before Christmas, where we took the opportunity to get to CASH!!!

We've deployed that cash in a very profitable fashion with some great short-term plays, including last Thursday's short on oil.  In yesterday's morning Alert to Members, which I also tweeted out at 7:30 am, my trade idea to short oil at $94.50 yeilded a nice $1,250 gain on the day as oil bottomed out at $93.20 with a stop out at $93.25.  Those Alerts are usually sent out to our Voyeur and higher subscription levels.  Though, for all of our Trade Alerts, you need a Premium Membership, of course.  

Once the markets opened, my first idea for a Futures trade in Member Chat was shorting the Russell (/TF) at 1,160 and the Dow (/YM) at 16,450.  The Russell fell to 1,142 for a $1,800 per contract gain and the Dow hit 16,340, up $550 per contract.  When you can make quick moves like that off a cash position, what's the rush to get "back into" the market?  

We haven't re-opened our USO short or SCO long positions as we're hoping for a run back to $95 on oil inventories (tomorrow, 10:30) where we can make a contrary play BUT, if oil hits $94.50 and fails again, we will take that short with tight stops.  Meanwhile, the absense of short-term shorts leaves us long-term long with our Dec 2019 contract hedges - so let's hear it for the manipulators today!  

IYT WEEKLYDave Fry's Transport chart shows us a little break-down in that sector, despite FDX's $2Bn share buy-back announcement.  Dow theorists watch the Transports carefully, so we should too but part of this may be attributable to the storm conditions in the Northeast – so we're not going to read too much into it until/unless next week continues the trend
continue reading





Monday Musings – It’s Still the Economy, Stupid

89% of Republicans and Democrats agree on one thing!

That thing is that the economy is the number one issue facing our nation. Just like it was when Clinton said it in 1992, when he first used the phrase in campaign to unseat Bush the 1st, it has been in 2004, 2008, 2010 and 2013 – the economy matters more, followed closely by Unemployment as a bi-lateral concern

Presumably, from the way the stock martet behaved in 2013 – going up about 30% in a single year (as opposed to the 5 years it usually takes to gain that much), the economy must be booming – so why all the concern?  Well, the simple answer to that is that the economy isn't benefitting the bottom 90% very much – from their point of view, things have not gotten much better at all.  Not only that, but now we've cut off the Unemployment Insurance to 1.3M already struggling Americans.  

Tax Credits Framework ChartAs I noted in our Member Chat Room this morning:

As I said about that last week, screw those guys (from a top 1% perspective) because they only get about $1,200 a month so 1.3M of those lazy bastards losing their benefits is only $1.5Bn a month taken out of consumer spending – not a big effect – unless you happen to be one of those losers, then it's a life-changing effect but, hey, by the end of the year we save $18Bn, that's enough to paint an aircraft carrier – with the blood of those 1.3M of the families we're supposedly protecting…

Wall Street seems to have had a much better recovery than Main Street. Asset prices have responded vigorously while real wages have been squeezed. Inequality has been widening (see Free exchange). It is hardly surprising that voters have become discontented, with a surge in support for the populist right in Europe and plenty of partisan bickering in Washington. The combination of an angry electorate and nervous governments may lead to unpredictable policy measures--and an atmosphere that is hardly helpful to either business or investor confidence.

According to Business Insider:…
continue reading





Friday Already? 2014 Off to an Exciting Start

USO WEEKLYWheeee, what a ride!  

Those 10 Oil Futures (/CL) contracts I mentioned as a short in yesterday's morning post gained another $23,000 during the day as oil plunged back to $95.50 – not a bad pick for the first post of the year.  We set our stops at $95.80 to lock in gains and we already took our USO puts off the table as they were up 100% and we hate to be too greedy, though we're happy to re-enter them if they get cheap again.  

We still have our SCO (ultra-short oil) plays in place, to take advantage of a proper break-down.  They had a longer time-frame so we chose to leave them active as we feel USO will be well below that $33 line ($92.50 oil) but, as Dave Fry notes in his chart, inventories are today and anything can happen.  

The Nikkei is another Futures play (/NKD) I've been banging the table on, shorting them whenever they go over the 16,300 line and we got the big pay-off yesterday, as the index fell all the way down to 15,900 for a lovely $2,000 per contract gain.  Don't worry if you missed that one, this index is like a yo-yo!

As I reminded you yesterday, when we added 2 more trades for 2014, our big trade idea for 2014 is AAPL and, this morning, Cantor's Brain White agrees with me and makes it his top pick for 2014 as well.  White declares Apple's valuation (just 9x his calendar 2014 EPS estimate exc. cash) "remains depressed," and predicts "new product innovations" will help it return to growth after posting its first EPS declines in a decade. He also expects Apple, which opposes Carl Icahn's buyback proposal but says it's still weighing cash-return options, to return more cash to shareholders in 2014.  

GLD WEEKLYWe were actually hoping AAPL would take more of a dip and give us a cheaper entry, but White may have screwed that up for us by re-ignighting excitement in the stock.  Oh well, there's bound to be other fun things to buy.  CLF, for example, went down a bit yesterday but ABX (also…
continue reading





2013+1 – What a Difference a Year Makes and 3 New Trade Ideas to Get Started!

SPY 5 MINUTEHappy New Year!  

We ended 2013 with a bang.  As you can see from Dave Fry's SPY chart, the last hour was all window-dressing but we couldn't quite get to 1,850 on the S&P, closing at 1,848.36 for the year, up 29.1% in 12 months, which was a big 7.5% behind the small-cap leadership of the Russell, which finished the year officially at 1,1656,64, up 36.6% or an average of 3.05% each and every month of the year!

If we take just $100,000 and compound it at a rate of 3.05% per month for 10 years, we get $3.64 MILLION Dollars.  10 years later, it's $132.7M and 10 years after that, we have $4.8Bn so, if you want to be a multi-Billionaire in 30 years, just put $100K into the Russell and go fishing, I suppose.

That's what the Pundits and Financial Advisers are telling you when they say last year was "normal" or that we have a "new paradigm" and it's OK to chase performance, despite the fact that history has shown us, over and over and over again – that it's usually not.  My very simple investing premise for 2014 is to buy the worst performer of 2013, which is gold, which fell 28.2% for the year.  It seems to me that if everyone who has $100,000 today and sticks it into an index fund has $4Bn in 30 years, they might choose to buy something shiny for their spouse down the road.  

As we noted on Tuesday, there are 373M people in the World with more than $100,000 today and they average, if you include the top 29M (the top 0.4%) they average $491,689 each so, by bullish market logic, they should have an average of $23.8Bn each in 30 years and that's $8.87 QUADRILLION or 40 times more money, just for the top 5%, than there is TOTAL in the World today.  

All the Money in the World

So, if the markets are going to continue to go up, I humply submit that there MAY be just a little more inflation on scarce things that rich people like to buy.  Stocks are one of those things, of course and art and, of course, GOLD!  Between now and the time our 3D printers
continue reading





 
 
 

Market Shadows

Riding in Toyota Today

Riding in Toyota Today

By Paul Price of Market Shadows

Market Shadows Virtual Value Portfolio put most of our remaining cash reserves to work this morning in buying 38 ADRs (American Depository Receipts) of Toyota Motor Company (TM) the world’s largest seller of automobiles and trucks.  We like and already own shares of Honda (HMC) as well.

The stock was down overnight due to negative action in the Japanese marketplace so we got a great entry price of just $106.57 per ADR today.

Toyota’s 52-week range has b...



more from Paul

Chart School

How Long to the Next Recession? iM's Weekly Update

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The BCI at 169.3 is down from last week's upward revised level of 169.5. BCIg, the smoothed annualized growth of BCI, at 16.9 is down from last week's upward revised 17.5. This week's BCI shows no recessionary trends.

Figure 1 plots BCIp, BCI, BCIg and the S&P500 together with the thresholds (red lines) that need to be crossed to be able to call a recession.



Click for a larger image

The off-peak indicato...



more from Chart School

Zero Hedge

Desperate Ukraine Pleads: "Red Line Has Already Been Crossed"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Ukraine's Deputy Foreign Minister Danylo Lubkivsky exhorted to US State department officials, "let's not look for further time frames," demanding "all necessary pressure" be applied now. The red line has already been crossed and, as Bloomberg reports,  Lubkivsky says he hopes U.S., EU don’t prioritize political concerns over moral ones and that the West will help with economic, diplomatic and military assistance.

 

As Bloomberg reports,

“Let’s not look for further time frames” and instead exert “all necessary pressure,” Ukrainian deputy foreign minister Danylo Lubkivsky tells State Dept officials, jo...



more from Tyler

Phil's Favorites

Initial Jobless Claims Jump Most In 4 Months, Continuing Claims At Best Since 2007

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Initial jobless claims surged from 304k to 329k this week, the biggest weekly rise since mid-December. From exuberance at new cycle lows, we swing to the average of the last 8 months. This is the biggest miss to expectations in over 2 months. Continuing Claims dropped further to new cycle lows at 2.68 million (beating expectations) - its lowest since Dec 2007. So this is as good as it gets for continuing claims - America is back at its best!

Initial claims surges back up to its average of the last 8 months...

...



more from Ilene

Insider Scoop

Zogenix Announces Sale of SUMAVEL DosePro Migraine Therapy to Endo International for $85M, Up to $20M Milestone Payments

Courtesy of Benzinga.

Related ZGNX Zogenix Responds to Governor's Action Singling Out Zohydro ER in Massachusetts Zogenix Shares Soar on Massachusetts Developments - Analyst Blog

Zogenix, Inc. (Nasdaq: ZGNX), a pharmaceutical company developing and commercializing products for the treatment of pain-related and central nervous system (CNS) disorders, announced today that it has entered a definitive agreement to sell its SUMAVEL® DoseP...



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

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

Option Review

Casino Stocks LVS, WYNN On The Run Ahead of Earnings

Shares in Las Vegas Sands Corp. (Ticker: LVS) are up sharply today, gaining as much as 5.7% to touch $80.12 and the highest level since April 4th, mirroring gains in shares of resort casino operator Wynn Resorts Ltd. (Ticker: WYNN). The move in Wynn shares appears, at least in part, to follow a big increase in target price from analysts at CLSA who upped their target on the ‘buy’ rated stock to $350 from $250 a share. CLSA also has a ‘buy’ rating on Las Vegas Sands with a $100 price target according to a note from reporter, Janet Freund, on Bloomberg. Both companies are scheduled to report first-quarter earnings after the closing bell on Thursday.

...

more from Caitlin

Sabrient

What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

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

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs.

Mid-cap Growth led the style/caps last week, up 2.87%, and Small-cap Growth trailed, up 2.22%. This week will bring well over 100 S&P 500 stocks reporting their March quarter earn...



more from Sabrient

OpTrader

Swing trading portfolio - Week of April 21st, 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

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 this week's Stock World Weekly. Click here and sign in with your PSW user name and password, or sign up for a free trial.

...

more from SWW

Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



more from Bitcoin

Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



more from Promotions

Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



more from Pharmboy



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 >>