Sabrient

To see Sabrient's Gold Content, click here.




Sector Detector: Finally, market capitulation gives bulls a real test of conviction, plus perhaps a buying opportunity

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

Courtesy of Sabrient Systems and Gradient Analytics

The dark veil around China is creating a little too much uncertainty for investors, with the usual fear mongers piling on and sending the vast buy-the-dip crowd running for the sidelines until the smoke clears. Furthermore, Sabrient’s fundamentals-based SectorCast rankings have been flashing near-term defensive signals. The end result is a long overdue capitulation event that has left no market segment unscathed in its mass carnage. The historically long technical consolidation finally came to the point of having to break one way or the other, and it decided to break hard to the downside, actually testing the lows from last October! Many had predicted that the longer we go without a meaningful pullback, the harder and scarier it would be when it finally broke down. In addition, program trading kicked in to deleverage positions, with preset algorithms exacerbating the selling and volatility.

Actually, there are four main issues creating uncertainty for investors: China’s true growth outlook, commodity prices, the Federal Reserve’s plan for rate hikes, and the upcoming corporate earnings season. But all is not lost, and a capitulation event like this also provides a healthy cleansing, providing the opportunity for capital to transfer from weak to strong hands, and now there is suddenly a lot of room to the upside — if bulls can keep their composure and regain their conviction.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

With signs of slowing growth reducing demand from China, coupled with further devaluation of the yuan, other exporting nations are racing to debase their currencies in order to stay competitive. But as I discussed last week, the devaluation of the yuan (which is pegged to the dollar and thus must manually adjust the valuation) pales in…
continue reading





Sector Detector: Currency wars take the spotlight as stock investors must gauge which news is relevant

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

Courtesy of Sabrient Systems and Gradient Analytics

Much ado was made of China’s surprise 3% devaluation of their currency last week. But keep in mind, the yuan is pegged to the dollar, and with the dollar so strong, every major floating currency and commodity is down a lot more than that. Deflation is now a real threat. Then, there is the suddenly resolved issue of Greece’s debt (along with the worry of a domino-like fall of the entire Eurozone). Also, with earnings season drawing to a close, it is evident that both revenues and earnings are down from the same quarter last year, and yet about 70% of S&P 500 companies beat earnings expectations (albeit at a lowered bar). Overall, the lack of revenue growth combined with relatively high equity valuations (P/E multiple around 17x on the S&P 500) seems to indicate little room for stock price appreciation through rising multiples.

Yes, mixed signals abound, paralyzing investors. It can be hard to gauge which crisis is truly relevant and which is not. Nevertheless, equity valuations are not irrationally exuberant and given that stocks tend to price expectations for six months out, there is optimism that GDP and revenue growth will accelerate in the coming quarters. Moreover, where else are you going to invest your liquid assets? So, equities are neither selling off nor breaking out, and thus we continue to plod along with this historically lengthy consolidation period.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

As the world's largest manufacturing nation, China consumes and stockpiles commodities of all sorts, so the threat of a slowing of its growth has hurt commodity prices, which were already falling due to the stronger dollar. China has long pegged its currency to the dollar, which was fine while the dollar was weak, but in this new strong-dollar era,…
continue reading





Sector Detector: Rankings take a defensive turn as bulls lack a suitable catalyst to sustain a rally

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

Courtesy of Sabrient Systems and Gradient Analytics

As a rather uninspiring earnings season winds down, bullish investors eager for a significant catalyst from company reports instead have been left a bit flat-footed and disheartened. With consumer sentiment and retail sales flagging in key overseas markets like Europe and China, global capital continues to flow into the safety of U.S. Treasuries, driving down bond yields despite a supposedly imminent fed funds rate hike. Furthermore, given narrow market breadth, high equity correlations, a tenuous technical picture (especially small caps), and a defensive turn in Sabrient’s fundamentals-based quant rankings, there seems little reason for bulls to get pumped up about jumping back into equities at the moment. Nevertheless, the longer term direction is still up.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

With 80% of S&P 500 companies having reported, the conclusion is that both revenues and earnings are down from the same quarter last year. On the other hand, about 70% of those who have reported beat earnings expectations, and if you strip out the anomalous Energy sector, the other sectors in aggregate display reasonably good growth in both revenues and earnings. In particular, auto sales have been scorching hot. And of course, Healthcare has been by far the best performing sector.

Economic reports show continued improvement. Unemployment claims have remained below 300,000 for 21 weeks (which is less than 0.2% of total jobs), and Friday's jobs report showed that the number of full-time jobs as a share of total employment rose to 81.7% (which is the highest level since November 2008). ISM services index came in at 60.3, which is up from 56.0 last month, and it is the highest reading in 10 years (and only the third time above 60 in 15 years). Moreover, the New Orders component reads 63.8, which is promising for the future. The trade deficit widened by 7.1% in June to $43.8…
continue reading





Sector Detector: Lackluster earnings reports put eager bulls back into waiting mode

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

Courtesy of Sabrient Systems and Gradient Analytics

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Corporate earnings reports have been mixed at best, interspersed with the occasional spectacular report — primarily from mega-caps like Google (GOOGL), Facebook (FB), or Amazon (AMZN). Some of the bulls have taken their chips off the table until after Labor Day, while others have merely scaled back to scalping some trades. Either way, stocks appear destined to thrash about for the rest of the summer.

Market overview:

Earnings season is off and running, and yes, some of the reports have been startlingly strong. Beyond the blowout numbers from mega-caps like Google, Facebook, and Amazon, we have heard the occasional terrific report from firms like Sabrient-favorite Valeant Pharmaceuticals (VRX). On the flip side, IBM (IBM), United Technologies (UTX) and Verizon (VZ) have disappointed. In any case, leadership has been narrowing, and market breadth is about the worst in the past 15 years.

Healthcare has been by far the best performing sector again this year, but Financials are starting to perk up. And looking forward, there is optimism that banks will do well in an environment of rising rates and a steepening yield curve.

Of course, given the strength of the US dollar, commodities across the board are in glut mode, with much weeping and gnashing of teeth in the Energy and Basic Materials sectors. Nevertheless, refiners of petroleum products are doing quite well, thank you, and enjoying strong operating margins. The “crack spread,” i.e., the difference between the cost paid for crude oil versus the price received for refined product has been very attractive. Sabrient favorites in the space include Tesoro (TSO), Valero Energy (VLO), and Marathon Petroleum (MPC).

Other than earnings, the other big news story is China’s stock market, which took…
continue reading





Sector Detector: Stocks break out from their holding pattern as global uncertainties begin to settle out

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

Courtesy of Sabrient Systems and Gradient Analytics

We all know the big news stories that have kept both corporate leaders and investors in a semi-state of paralysis. They involve the future of Greece in the Eurozone, China’s growth and stock market stability, and the Federal Reserve’s plan for gradually normalizing the fed funds rate. I noted in my article last week that the technical picture appeared to be firming up for the bulls as the 200-day moving average kicked in with solid support and traders seemed to be doing an orderly retreat-and-retrench rather than panic-selling. As if on cue, today brought news of a deal to keep Greece in the Eurozone, and bulls appear to have seized a new buying opportunity.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

Although today’s news about a deal for Greece was met with cheer by equity investors, the truth of the matter is that the proverbial can is merely being kicked down the road a bit further, with no confidence-inducing signs that anything in that country is going to change in a significant way. And although Greece has a trivial impact on EU GDP, a Grexit would leave too much uncertainty about the future of the euro. As for China, their experiment with their unique brand of authoritarian-capitalism is being tested to the extremes, particularly what happens when unfettered growth runs up against some natural limits. And then of course there is the Federal Reserve, which is bound-and-determined to start hiking rates at some point soon, which investors seem to fear but which history shows does not tank markets if done in a measured way.

All of this has brought back the risk-on/risk-off behavior that traders and institutional portfolio managers loathe.

S&P Capital IQ reports that the Q2 earnings growth expectation for S&P 500 companies is…
continue reading





Sector Detector: Bulls prepare for a new buying opportunity, courtesy of Greece

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

Courtesy of Sabrient Systems and Gradient Analytics

Of course, all eyes have been on Greece in an ongoing saga that, although critical to the Greeks, is mostly just an annoying distraction for global investors — partly because it has been going on for so many years, with the proverbial can of inevitability continually being kicked down the road, and partly because there can be no winners in this intractable situation. Predictably, the electorate chose to follow the advice of the communists that they elected and reject the rigid bailout offer, calling the bluff of the IMF, ECB, and Eurozone and betting they will do whatever it takes to avoid losing one of its members. These are uncharted waters, and with the resultant shadow of uncertainty hanging over the markets, traders fled to the safety of cash, and the S&P 500 has relied upon support from its 200-day simple moving average to kick in (both last Monday and again today). But the technical picture may be firming up for the bulls. Moreover,, I would characterize the resulting market action as an orderly retreat rather than panic selling as traders appear to be simply taking risk off the table while preparing for a buying opportunity.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

At the close of 1H2015, among the U.S. business sectors, top performers for the first half were Healthcare and Consumer Services (Discretionary/Cyclical), particularly the homebuilders like the SPDR S&P Homebuilders ETF (XHB), while income-oriented Utilities and REITs, as well as Energy, and Metals & Mining have been big laggards. The 10-year US Treasury yield hasn’t moved much, closing last week at 2.39%.

Although Puerto Rico has thrown itself into the mix of debt calamities, the major crisis of the moment has been Greece and the Eurozone. After all, the whole concept of a single…
continue reading





Sector Detector: Bulls under the gun to muster troops, while bears lie in wait

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

Courtesy of Sabrient Systems and Gradient Analytics

Two weeks ago, bulls seemed ready to push stocks higher as long-standing support reliably kicked in. But with just one full week to go before the Independence Day holiday week arrives, we will see if bulls can muster some reinforcements and make another run at the May highs. Small caps and NASDAQ are already there, but it is questionable whether those segments can drag along the broader market. To be sure, there is plenty of potential fuel floating around in the form of a friendly Fed and abundant global liquidity seeking the safety and strength of US stocks and bonds. While the technical picture has glimmers of strength, summer bears lie in wait.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

Last week, the Fed sounded a predictably dovish tone while removing some of the uncertainty about their intentions on the fed funds rate, while investors seem to be coming to terms with the relatively low impact of any Greek outcome. As a result, stocks made another breakout attempt, led by the Healthcare sector and in particular biotech, with the iShares NASDAQ Biotechnology Index ETF (IBB) rising 3.1% on Thursday, as well as a tepid breakout in the small and mid caps. The 10-year Treasury yield closed Friday at 2.27%, as the Fed’s dovish tone brought back global investors.

Stocks have enjoyed the benefit of the double benefit of rising corporate earnings and falling interest rates (and rising liquidity). But if rising wages cut into profits, and interest rates start to creep up, the fear is that asset prices will be capped and stocks will suffer. But the fear is that raising rates high enough to make a difference to interest-hungry investors and retirees would cap (or even collapse) asset prices. Thus, any sign that the Fed will keep it slow with rate hikes is well received.


continue reading





Sector Detector: Bulls may be getting ready to push stocks higher

Courtesy of Sabrient Systems and Gradient Analytics

After a brief pullback to retest support levels, it appears that bulls may be preparing to take the market higher. Although retail investors are still hesitant, risk-taking among institutions is apparent. Cheap cash from abundant global liquidity is hungry for higher returns. Margin debt is high. Credit spreads are low. Subprime loans are back in vogue. Small caps and the banking sector in particular look ready to resume a leadership role.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

After last week’s strong jobs report (coming in 25% above expectations), Treasury yields spiked, the dollar strengthened, and dividend stocks took a hit while growth stocks held up, particularly the NASDAQ, mid caps, and small caps. Market commentators of course have expressed a wide range of views ranging from cautious optimism to outright collapse. For example, Goldman Sachs’s chief U.S. equity strategist David Kostin just announced a prediction that the S&P 500 will finish the year around current levels as the market simply treads water and relies upon dividends for further returns.

Some of the dominant concerns include the fact that total margin debt is at record levels, hitting $507 billion in mid-April, and while the major indexes have been hitting record highs, breadth is narrow (NYSE Composite has not challenged its high), GDP growth has shrunk, unit labor costs have surged, and corporate profits have struggled.

Of course, the strong dollar has been blamed as a prime culprit for hindering profits. However, the U.S. economy overall has enjoyed a net benefit from the strong dollar, with low oil and gasoline prices, affordable imports and overseas travel, and foreign investors flocking to the safety, yield, and bullish trend of the dollar. Nevertheless, although companies appear to be doing some hiring, they continue to be reluctant to make much in the way of new capital investment in PP&E.

As a result, 95% of profits at S&P 500 stocks last year were used for stock buybacks or dividends. In April, $133 billion of…
continue reading





Sector Detector: Stocks provide a tepid breakout as Fed greases the skids. So now what?

Courtesy of Sabrient Systems and Gradient Analytics

Early last week, stocks broke out, with the S&P 500 setting a new high with blue skies overhead. But then the market basically flat-lined for the rest of the week as bulls just couldn’t gather the fuel and conviction to take prices higher. In fact, the technical picture now has turned a bit defensive, at least for the short term, thus joining what has been a neutral-to-defensive tilt to our fundamentals-based Outlook rankings.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

Last Wednesday’s FOMC minutes confirmed investor expectations by indicating that economic data does not yet warrant a fed funds rate hike in June, and investors took this as a reason to finally break out above stubborn technical resistance. Both PMI manufacturing and the Philly Fed index came in with readings that show some growth, but below expectations. The 4-week average on jobless claims fell to 266,000, which is quite promising. Equities remain the favored asset class this year, particularly those playing catch-up, like China, Japan, Europe — and even emerging markets.

It now has been almost three years since the market pulled back at least 10%. Nevertheless, bulls are having a hard time gaining traction after this latest technical breakout (basically flat-lining after last Monday), and a test of conviction is sure to come. The psychological thresholds of Dow at 18,000, S&P 500 at 2100, NASDAQ at 5,000, and Russell 2000 at 1200 all must hold as support levels, or we are back to the market churn, searching for a new catalyst.

The CBOE Market Volatility Index (VIX), a.k.a. fear gauge, closed Friday at 12.13 and has held below the 15 fear threshold since a brief spike to that level back on May 6-7. In addition, the volatility of volatility (i.e., the VVIX) reached its lowest level since July 2014. In fact, ConvergEx points out that the expected volatility has fallen over the last month for a range of equities including U.S. small caps, emerging markets, and 8 of 10…
continue reading





Sector Detector: Bullish technical picture appears to trump cautious fundamentals

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

Courtesy of Sabrient Systems and Gradient Analytics

By Scott Martindale

Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a corrective selloff. However, bulls appear to be losing patience awaiting their next definitive catalyst, and the higher-likelihood upside move may now be underway. Yet despite the bullish technical picture, this week’s fundamentals-based Outlook rankings look even more defensive.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

Market overview:

All the major indexes are back comfortably above their psychological thresholds, including Dow at 18,000, S&P 500 at 2100, NASDAQ at 5,000, and Russell 2000 at 1200. And yet most of the U.S. economic reports lately have been surprisingly weak. Consumer sentiment fell to 88.6, industrial production fell for the fifth straight month (mainly due to the energy, mining and utilities segments), capacity utilization declined to 78.2%, consumer comfort index fell yet again, wholesale prices (PPI) tumbled, and April retail sales disappointed.

On the other hand, it must be said that “core” retail sales (x-autos, building materials, and gasoline) actually rose and March sales were revised upward to +1.1%. Also, the Federal budget deficit fell, overall debt levels continue to improve, the US dollar has receded from its recent highs, employment and wages are improving, public companies continue to reduce operating costs and leverage while boosting free cash flow; and Q1 corporate earnings reports have largely beat reduced expectations. Also worth noting, in April the U.S. Treasury Department reported an all-time monthly record of $288 billion in individual income tax payments (indicating that people are making more money and were under-withholding).


continue reading





 
 
 

Phil's Favorites

Odds Favor A Year-End Rally...After A New Low

 

Odds Favor A Year-End Rally…After A New Low

Courtesy of Dana Lyons' Tumblr

August 6-month lows have had a tendency to be broken in the coming months, prior to a year-end bounce.

After getting kicked in the teeth in August, the stock market is starting out September by getting stomped on the head. Following the historic rebound to end last week, investors were hoping that the worst was behind them. As we noted regarding such rebounds yesterday, however, perhaps we should not be surprised by renewed weakness. And adding further evidence to support the ...



more from Ilene

Zero Hedge

Former CIA Boss and 4-Star General: U.S. Should Arm Al Qaeda

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

Former CIA boss and 4-star general David Petraeus – who still (believe it or not) holds a lot of sway in Washington – suggests we should arm Al Qaeda to fight ISIS.

He’s not alone …

As we’ve previously shown, other mainstream American figures support arming Al Qaeda … and ISIS.

The U.S. actually did ...



more from Tyler

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Americans' confidence in the economy has plunged to an 11-month low (Business Insider)

Americans' confidence in the economy continues to slide.

Who Crashed China's Stock Market? (The Atlantic)

China’s stock markets continue to stumble, despite the massive stimulus that the government has unleashed to prop them up. The Shanghai benchmark index fell by 1.23 percent Tuesday, after closing down slightly Monday. The index has fallen by nearly 40 percent from its mid-June peak.

...



more from Paul

Chart School

Distribution Selling Returns

Courtesy of Declan.

After the late recovery last week, sellers again made markets their home. Sizable losses were accompanied with higher volume distribution, although volume was down on earlier panic.  Another pass at August lows looks likely.

The S&P is again heading to the 10% 200-day MA envelope. Relative performance is shifting away from Large Caps to more speculative indices, which is bullish in a rising market, but in a falling market suggests a lack of sanctuary.


The Nasdaq is also in the early stages of a retest of the August low. Technicals are weak, although stochastics crept above the bullish mid-line, but not enough to suggest ...

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

Kimble Charting Solutions

Nikkei (Japan) topped last 5 times it was here, its back again!

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

Could a price zone that started impacting the Nikkei 30-years ago still impact it again today? Well it looks like it is!

The Nikkei found the 21,000 level, line (1), to be support several times between 1987 and 1992. Once this support broke it then switched from a support to a resistance level.

As you can see several times from 1992 to 2000 the Nikkei ran into this resistance zone and failed to solidly break above it, leading to a top numerous times. The last time it hit this resistance zone was back in 2000. After failing to break above resistance then, it ...



more from Kimble C.S.

OpTrader

Swing trading portfolio - week of August 31st, 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 ...



more from OpTrader

Sabrient

Sector Detector: Finally, market capitulation gives bulls a real test of conviction, plus perhaps a buying opportunity

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

Courtesy of Sabrient Systems and Gradient Analytics

The dark veil around China is creating a little too much uncertainty for investors, with the usual fear mongers piling on and sending the vast buy-the-dip crowd running for the sidelines until the smoke clears. Furthermore, Sabrient’s fundamentals-based SectorCast rankings have been flashing near-term defensive signals. The end result is a long overdue capitulation event that has left no market segment unscathed in its mass carnage. The historically long technical consolidation finally came to the point of having to break one way or the other, and it decided to break hard to the downside, actually testing the lows from last ...



more from Sabrient

ValueWalk

Some Hedge Funds "Hedged" During Stock Market Sell Off, Others Not As Risk Focused

By Mark Melin. Originally published at ValueWalk.

With the VIX index jumping 120 percent on a weekly basis, the most in its history, and with the index measuring volatility or "fear" up near 47 percent on the day, one might think professional investors might be concerned. While the sell off did surprise some, certain hedge fund managers have started to dip their toes in the water to buy stocks they have on their accumulation list, while other algorithmic strategies are actually prospering in this volatile but generally consistently trending market.

Stock market sell off surprises some while others were prepared and are hedged prospering

While so...



more from ValueWalk

Digital Currencies

Bitcoin Battered After "Governance Coup"

Courtesy of ZeroHedge. View original post here.

Naysyers are warning that the recent plunge in Bitcoin prices - from almost $318 at its peak during the Greek crisis, to $221 yesterday - is due to growing power struggle over the future of the cryptocurrency that is dividing its lead developers. On Saturday, a rival version of the current software was released by two bitcoin big guns. As Reuters reports, Bitcoin XT would increase the block size to 8 megabytes enabling more transactions to be processed every second. Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on with some believing ...



more from Bitcoin

Pharmboy

Baxter's Spinoff

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

Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



more from Pharmboy

Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 

Since...



more from M.T.M.

Promotions

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...

more from Promotions

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 jennifersurovy@yahoo.com 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.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

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 >>