Guest View
User: Pass: | become a member
Archive for the ‘Chart School’ Category

Moving Averages: Month-End Preview

Courtesy of Doug Short.

Here is a preview of the monthly moving averages I track after the close of the last business day of the month. All three S&P 500 strategies are now signaling “invested” — unchanged from last month. One of the five of the Ivy Portfolio ETFs, the PowerShares DB Commodity Index Tracking (DBC), has switched from “invested” to Cash.

If a position is less than 2% from a signal, it is highlighted in yellow.


Month-End Preview Note: My inclusion of the S&P 500 index updates is intended to illustrate a popular moving moving-average timing strategy. The index signals also give a general sense of how US equities are behaving. However, for followers of a moving average strategy, the general practice is to make buy/sell decisions on the signals for each specific investment, not based on a broad index. Even if you’re investing in a fund that tracks the S&P 500 (e.g., Vanguard’s VFINX or the SPY ETF) the moving average signals for the funds will occasionally differ from the underlying index because of dividend reinvestment, which is not factored into the index closes.

The Ivy Portfolio

The second of the three adjacent tables previews the 10-month SMA timing signals for the five asset classes highlighted in The Ivy Portfolio.

I’ve also included (third table) the 12-month SMA timing signals for the Ivy ETFs in response to the many requests I’ve received to include this slightly longer timeframe.


After the end-of-month market close, I’ll update the monthly moving average feature with charts to illustrate.

The bottom line, as I’ve pointed out earlier, is that these moving-average signals have a good track record for long-term gains while avoiding major losses. They’re not fool-proof, but they essentially dodged the 2007-2009 bear and have captured significant gains since the initial buy signals after the March 2009 low.





The Trillion Dollar Question: What Happens When Quantitative Easing Ends?

Courtesy of Doug Short.

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


One of the great questions being debated right now is how will the market react once QE3 ends this October. Those who believe asset prices (namely stocks, bonds, and real estate) are being supported by the Fed, and not by underlying economic growth, expect a correction or worse once the Fed withdraws its support.

Richard Duncan summed up this view quite well in a recent Financial Sense Newshour interview, Prepare for a Correction Once QE3 Ends:

[T]his is going to be a very interesting experiment because it will show us whether the economy is actually strong enough to grow by itself without government life support…and, unfortunately, I don’t think it is. For an economy to grow one or more of the following three things has to happen: either the workforce has to grow in size, wages have to go up, or credit has to expand. And, right now, none of those things are happening on a large enough scale to drive the economy… So when you remove the one thing that has been stimulating the economy and creating effective demand by pushing up asset prices and creating a wealth effect, when you remove quantitative easing, then where’s the new source of growth going to come from? I just don’t see it.

Without sufficient credit growth in the economy, Duncan says that we’ll move back toward recession, which will then force the Fed to engage in a fourth round of quantitative easing:

Once liquidity starts to dry up at the end of this year it looks very likely that the yield on 10-year government bonds will go up. That will cause mortgage rates to go up…the property market to come down, a significant correction in the stock market, a negative wealth effect, less consumption and, I think, then the US will start moving back towards recession. In other words, we’ll hit another economic soft patch and before that goes too far I think the Fed will once again have to jump in with another round of quantitative easing, QE4, to follow QE3 and QE2 and QE1. It will be the same pattern.

This pattern of Fed launches QE – economy and stocks go up, Fed withdraws QE – economy and…
continue reading





GDP – Pre/Post Annual Revisions In Pictures

Courtesy of Doug Short.

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


The first estimate of GDP for the second quarter of 2014 came roaring in at 4% annualized growth. The following is an initial analysis as written by Neil Irwin from the NYT:

“First, here’s the overall growth number. As it shows, the 4 percent rate of economic expansion in the April-through-June quarter was the strongest since last summer and the third-strongest quarter in the expansion that began five years ago.

But there is an important qualifier. Of the 4 percent reported growth, 1.66 percentage points was attributable to businesses increasing their inventories. But when companies make more goods that end up on store shelves or in warehouses (and not because they’re selling more stuff), that doesn’t tell us much about the future of the economy. So economists often look at ‘final sales,’ excluding inventory effects, to get a sense of the true underlying pace of growth.

This is a good piece of analysis which provides a good starting point for discussing the current state of the economy. The latest release of data also included annual revisions. These revisions are almost always overlooked by analysts since they are “past history” but provide an interesting perspective on how far the estimates have been away from reality. The charts below show both the pre- and post-2014 revisions to the data to provide some context to the economic strength/weakness debate.

Real Final Sales

Neil is correct, real final sales can tell us much more about the state of the economy than just headline GDP. In the latest quarter, final sales of domestic product rebounded 2.3 percent after dipping 1.0 percent in the first quarter. However, as shown below, real final sales on an annual basis actually declined near levels that are normally associated with recessionary drags in the economy.

Click to View

As shown, real final sales were weaker than originally forecast in 2012, however, 2013 was revised up to stronger sales. Importantly, the decline in real final sales in the Q4 of 2013 and Q1 of 2014 has been substantially worse than originally thought. This sharp decline in real final sales is a primary contributor to the build in inventories. Companies have been producing products,…
continue reading





S&P 500 Snapshot: GDP Soars, QE Taper Continues and the Index Goes Nowhere

Courtesy of Doug Short.

This morning’s Advance Estimate of Q2 GDP soared above expectations, and this afternoon’s FOMC statement continued the current pace of QE tapering. The S&P 500 responded to the good GDP with a modest 0.45% intraday high about two minutes after the open and then sold off to its -0.38% low early in the lunch hour. The 2 PM FOMC statement made no changes to the pace of QE taper, but we got the usual transitory market blip. The index closed with a 0.01% gain.

The Treasury market had a slightly more palpable reaction to GDP and the Fed. The yield on the 10-year note ended the day at 2.57%, up 10 bps from the previous close. It is now 13 bps above its interim closing low of May 28th.

Here is a 15-minute chart of the past five sessions. The S&P 500 is up 6.58% year-to-date.

Volume was above its 50-day moving average but came in below yesterday’s anticipatory trade.

For a longer-term perspective, here is a pair of charts based on daily closes starting with the all-time high prior to the Great Recession.

Click to View
Click for a larger image

Click to View
Click for a larger image





Daily Market Commentary: Mixed Action

Courtesy of Declan.

Bears got the volume, but not the action to suggest they succeeded in breaking bulls morale.

The S&P continued with the channel breakdown, but finished with an indecisive ‘spinning top’. Even if bears were to press tomorrow, the 50-day MA would quickly come into range as support. I suspect we are looking at a trading range, something part of a larger move higher.  However, it remains to be seen where the low of this range lies.


The Nasdaq continued its bump along 4,485 resistance. It looks ready to pop higher, but Wednesday’s doji represents indecision. Action suggests a breakout, but until it does it remains in neutral ground.

The Russell 2000 has (so far) stopped the rot of its decline. Like the Nasdaq, it finished with an indecisive doji, although the doji is positioned above the 200-day MA. Bulls have a small edge, but one day’s solid selling would kill it.

If there is a canary in the mine it might be the Dow. The Dow index is reversing from a position of strength. The bullish trend is intact, but it doesn’t look like it will hold on to 50-day MA support. Technicals are also on the verge of turning net bearish. If this breaks, it might signal the end of the safe haven, Large Caps play – at least for the next few weeks.

If you are a bull, look to go long the Nasdaq. If you a bear, look to short the Dow. Because of the strength of the broader bullish trend, the Nasdaq play is more favored over the bearish Dow one.

Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more.





Visualizing GDP: Dissecting the Q2 Advance Estimate

Courtesy of Doug Short.

Note from dshort: The charts in this commentary have been updated to include the Q2 2014 Advance Estimate.


The chart below is my way to visualize real GDP change since 2007. I’ve used a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics:

The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

Let’s take a closer look at the contributions of GDP of the four major subcomponents. My data source for this chart is the Excel file accompanying the BEA’s latest GDP news release (see the links in the right column). Specifically, I used Table 2: Contributions to Percent Change in Real Gross Domestic Product.

Click to View
Click for a larger image


Note: The conventional practice is to round GDP to one decimal place, the latest at 4.0. The 3.95 GDP in the chart above is the real GDP calculated to two decimal places based on the BEA chained 2009 dollar data series.


Over the time frame of this chart, the Personal Consumption Expenditures (PCE) component has shown the most consistent correlation with real GDP itself. When PCE has been positive, GDP has usually been positive, and vice versa. In the latest GDP data, the contribution of PCE came at 1.69 of the 3.95 real GDP. The Q2 contribution from PCE increased substantially from the previous quarter.

The latest GDP numbers support the general view that the unusually severe winter was the transitory cause of the Q1 GDP contraction rather than fundamental business cycle weakness.

Here is a look at the contribution changes between over the past four quarters. The difference between the two rightmost columns was addressed in the GDP summary quoted above. I’ve added arrows to highlight the quarter-over-quarter change for the major components.…
continue reading





Real GDP Per Capita Rises to 3.31%

Courtesy of Doug Short.

Earlier today we learned that the Advance Estimate for Q2 2014 real GDP came in at 3.95 percent (rounded to 4 percent), up from -2.1 percent for the revised Q1 data and well above most forecasts. Real GDP per capita was somewhat lower at 3.31 percent.

Here is a chart of real GDP per capita growth since 1960. For this analysis I’ve chained in today’s dollar for the inflation adjustment. The per-capita calculation is based on quarterly aggregates of mid-month population estimates by the Bureau of Economic Analysis, which date from 1959 (hence my 1960 starting date for this chart, even though quarterly GDP has is available since 1947). The population data is available in the FRED series POPTHM. The logarithmic vertical axis ensures that the highlighted contractions have the same relative scale.

I’ve drawn an exponential regression through the data using the Excel GROWTH function to give us a sense of the historical trend. The regression illustrates the fact that the trend since the Great Recession has a visibly lower slope than long-term trend. In fact, the current GDP per-capita is 11.6% below the regression trend and at a post-recession low.

Click to View
Click for a larger image

The real per-capita series gives us a better understanding of the depth and duration of GDP contractions. As we can see, since our 1960 starting point, the recession that began in December 2007 is associated with a deeper trough than previous contractions, which perhaps justifies its nickname as the Great Recession.

Quarterly GDP Compounded Annual Rate of Change

The standard measure of GDP in the US is expressed as the compounded annual rate of change from one quarter to the next. The current real GDP is 4.0 percent (rounded from 3.95 percent). But with a per-capita adjustment, the data series is currently at 3.31 percent. Both a 10-year moving average and the slope of a linear regression through the data show that the US economic growth has been slowing for decades.

Click to View
Click for a larger image

How do the two compare, GDP and GDP per capita? Here is an overlay of the two in the 21st century.


continue reading





Anticipating the Employment Report for July

Courtesy of Doug Short.

With the Q2 GDP report now history, attention will focus on the Friday employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, probably the most publicized in the near term being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository).

Today we have another curious pair of July estimates: 218K new nonfarm private employment jobs from ADP and a much larger 306K total new jobs from TrimTabs.

The ADP 218K estimate came in below the Investing.com forecast of 230K for the ADP number.

The Investing.com forecast for forthcoming BLS report is 230K nonfarm new jobs (the actual PAYEMS number). The Briefing.com PAYEMS consensus is 220K new jobs and their own estimate is for a higher 250K.

Here is an excerpt from today’s ADP report:

“Although down from June, the July jobs number marks the fourth straight month of employment gains above 200,000,” said Carlos Rodriguez, president and chief executive officer of ADP.

Mark Zandi, chief economist of Moody’s Analytics, said, “The July employment gain was softer than June, but remains consistent with a steadily improving job market. At the current pace of job growth unemployment will quickly decline. Layoffs are still receding and hiring and job openings are picking up. If current trends continue, the economy will return to full employment by late 2016.”

Here is the press release from TrimTabs:

“Employment growth this month was the highest since May 2010, when census-related hiring skewed the data,” said David Santschi, Chief Executive Officer of TrimTabs Investment Research. “The economy has created an average of 205,000 jobs per month this year, nearly double the 115,000 jobs per month in the same period last year.”

TrimTabs’ employment estimates are based on analysis of daily income tax deposits to the U.S. Treasury from the paychecks of the 140 million U.S. workers subject to withholding.

In a research note, TrimTabs explained that its estimate of job growth is consistent with a range of other indicators. The TrimTabs Macroeconomic Index accelerated in the past two months, the employment indices of the Institute for Supply Management’s Manufacturing and Non-Manufacturing Surveys are in expansion…
continue reading





Q2 GDP at 4.0% Soars Above Expectations

Courtesy of Doug Short.

The Advance Estimate for Q2 GDP, to one decimal, came in at 4.0 percent, and the annual revision for Q1 GDP lifted it from -2.9 percent to -2.1 percent. The Advance Estimate of the GDP deflator used to calculate real (inflation-adjusted) GDP rose to 1.9 percent from an upwardly revised 1.4 percent in Q1 (previously 1.3 percent). Investing.com had forecast 3.0 percent for today’s GDP estimate and the deflator to rise from the Q1 1.3 percent to 1.8 percent.

The general consensus among economists was the vicinity of 3.0 percent (more on that topic here).

Here is an excerpt from the Bureau of Economic Analysis news release:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.0 percent in the second quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 2.1 percent (revised).

The Bureau emphasized that the second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3 and “Comparisons of Revisions to GDP” on page 10). The “second” estimate for the second quarter, based on more complete data, will be released on August 28, 2014.

The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased. [Full Release]

Here is a look at GDP since Q2 1947 together with the real (inflation-adjusted) S&P Composite. The start date is when the BEA began reporting GDP on a quarterly basis. Prior to 1947, GDP was reported annually. To be more precise, what the lower half of the chart shows is the percent change from the preceding period in Real (inflation-adjusted) Gross Domestic Product. I’ve also included recessions, which are determined by the National Bureau of Economic Research (NBER).

Click to View
Click for a larger image

Here is a close-up of GDP alone with…
continue reading





Market on tender hooks

Courtesy of Read the Ticker.

market-on-tender-hooksCan the market hold up?

Alibaba.com IPO with $200 Bn to raise! That’s a lot of cash taken out of the game! It has been known that markets peak on massive IPOs!!

2014 Mid term elections, can they keep the market up to win votes. Every thing is fine, nothing to see here!

US GDP bounce back tomorrow. Then revised down latter most likely, hmmm!!

The Russell 2000 is the a lot harder to fiddle, a true market. Hold on to that hope!

Click for popup. Clear your browser cache if image is not showing.
IWM



NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..”At long as a stock is acting right, and the market is right, do not be in a hurry to take profits”..

Jesse Livermore Trading Rule


..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..

George Soros








 

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!

 
 

Phil's Favorites

Expect higher treasury yields in second half

Expect higher treasury yields in second half

Courtesy of Sober Look

While many investors refuse to accept this fact, we are clearly marching toward higher treasury yields later in the year and in 2015. Even after today's bond selloff, we are still around the yield levels we had during the dark days of the government shutdown. Here are a couple of key factors that will drive yields higher from here.

1. Many are pointing to record low yields in Europe (see chart), suggesting that on a relative basis treasuries look attractive. Perhaps. But it's important to make that comparison based o...



more from Ilene

Zero Hedge

Russia And Germany Allegedly Working On Secret "Gas For Land" Deal

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While many were amused by this photo of Putin and Merkel during the world cup final showing Europe's two most important leaders siding side by side, some were more curious by just what the two were scheming:

 

Thanks to the Independent, we may know the answer, and it is a doozy, because according to some it is nothing shy of a sequel to the ...



more from Tyler

Insider Scoop

Warren Resources Enters Marcellus with Citrus Asset Buy - Analyst Blog

Courtesy of Benzinga.

Independent energy company, Warren Resources, Inc. (NASDAQ: WRES) announced that it has acquired certain assets in Pennsylvania's Marcellus Shale from Colorado-based oil and natural gas producer, Citrus Energy Corporation and two other parties that owned working interest in the region. The transaction, which marks Warren Resources' entry into the prolific natural gas basin, was for a purchase price of $352.5 million.

Following this announcement, shares of Warren Resources gained around 2.6% to close at $6.30. Shares also touched an intraday high of $6.70 that marked a new 52-week high for the stock.

The company mentioned that it will issue $40 million in shares at $6.00 per share as part of the transaction cost. The...



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

Chart School

3 Things Worth Thinking About (Volume 2)

Courtesy of Doug Short.

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

Last week, I started a new weekly series entitled "3 Things Worth Thinking About". The focus here will be three things, ironically enough, that are worth considering with respect to your portfolio and related investments. As I have discussed many times previously, focusing only on "bullish" commentary when markets are rising is really of little use as it creates a "blind spot" to related investment risks. The same goes for when markets are falling. These cognitive biases get in the way of making logical and disciplined investment decisions to not only garner returns when markets rise, but avoid depletion of capital when they don't.

I hope you will...



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

Option Review

Kellogg Call Options Active Ahead Of Earnings

Shares in packaged foods producer Kellogg Co. (Ticker: K) are in positive territory on Monday afternoon, trading up by roughly 0.20% at $65.48 as of 2:20 p.m. ET. Options volume on the stock is well above average levels today, with around 12,500 contracts traded on the name versus an average daily reading of around 1,700 contracts. Most of the volume is concentrated in September expiry calls, perhaps ahead of the company’s second-quarter earnings report set for release ahead of the opening bell on Thursday. Time and sales data suggests traders are snapping up calls at the Sep 67.5, 70.0 and 72.5 strikes. Volume is heaviest in the Sep 72.5 strike calls, with around 4,600 contracts traded against sizable open interest of approximately 11,800 contracts. It looks like traders paid an average premium of $0.37 per contrac...



more from Caitlin

Sabrient

Sector Detector: Bold bulls dare meek bears to take another crack

Courtesy of Sabrient Systems and Gradient Analytics

Once again, stocks have shown some inkling of weakness. But every other time for almost three years running, the bears have failed to pile on and get a real correction in gear. Will this time be different? Bulls are almost daring them to try it, putting forth their best Dirty Harry impression: “Go ahead, make my day.” Despite weak or neutral charts and moderately bullish (at best) sector rankings, the trend is definitely on the side of the bulls, not to mention the bears’ neurotic skittishness about emerging into the sunlight.

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, incl...



more from Sabrient

OpTrader

Swing trading portfolio - week of July 28th, 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 in the comments below each post. 

Our weekly newsletter Stock World Weekly is ready for your enjoyment.

Read about the week ahead, trade ideas from Phil, and more. Please click here and sign in with your PSW user name and password. Or take a free trial.

We appreciate your feedback--please let us know what you think in the comment section below.  

...

more from SWW

Digital Currencies

BitLicense Part 1 - Can Poorly Thought Out Regulation Drive the US Economy Back into the Dark Ages?

Courtesy of Reggie Middleton.

An Op-Ed piece penned by Veritaseum Chief Contracts Officer, Matt Bogosian

This past weekend (despite American Airlines' best efforts), Reggie and I made it to the Second Annual North American Bitcoin Conference in Chicago. While there were some very creative (and very ambitious) ideas on how to try to realize the disruptive Bitcoin protocol, one of the predominant topics of discussion was New York Superintendent of Financial Services Benjamin Lawsky's proposed Bitcoin regulations (the BitLicense proposal) - percieved by many participants at the event as an apparent ...



more from Bitcoin

Market Shadows

Danger: Falling Prices

Danger: Falling Prices

By Dr. Paul Price of Market Shadows

 

We tried holding up stock prices but couldn’t get the job done. Market Shadows’ Virtual Value Portfolio dipped by 2% during the week but still holds on to a market-beating 8.45% gain YTD. There was no escaping the downdraft after a major Portuguese bank failed. Of all the triggers for a large selloff, I’d guess the Portuguese bank failure was pretty far down most people's list of "things to worry about." 

All three major indices gave up some ground with the Nasdaq composite taking the hardest hi...



more from Paul

Pharmboy

Biotechs & Bubbles

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

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

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



more from Pharmboy

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



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 >>