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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

JPMorgan: Something Has Gone Wrong With the Global Consumer (Bloomberg)

"It would be difficult to overstate the recent downside surprise in global consumer spending," writes JPMorgan Senior Global Economist Joseph Lupton.

Though retail sales in the U.S. have missed expectations for five consecutive months, disappointing consumer spending is far from just a made-in-the-USA story, he observes.

Japan Still Beating China on One Score: World’s Top Creditor (Bloomberg)

Japan’s foreign investments and assets climbed to a record in 2014, keeping it in front of China and Germany as the world’s top creditor nation.

The reading stretches Japan’s lead as No.1 creditor country to 24 years, with 71 percent more in net assets than China, even after its Asian neighbor surpassed it to become the world’s second-largest economy in 2010.

A Time Warner Cable office is pictured in San Diego, California October 15, 2014. REUTERS/Mike BlakeAltice seeks financing for Time Warner Cable bid: sources (Reuters)

French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matter.

The talks are an important step for Altice in putting together a bid for Time Warner Cable, which is also being courted by Charter Communications Inc after Comcast Corp abandoned its $45.2 billion offer for Time Warner Cable last month over U.S. antitrust concerns.

Deutsche Lufthansa AircraftQE Great for Europe Stock Markets, Not So Much for Pension Funds (Bloomberg)

Deutsche Lufthansa AG scrapped its dividend this year partly because of charges tied to its pension fund. Investors have been shunning the shares — and those of peers that are likely to follow suit.

An unintended consequence of Mario Draghi’s bond-buying campaign has been an increase in the estimated cost of providing for retired workers. According to an index designed by Citigroup Inc., companies with the biggest pension deficits that have been forced to reduce profit forecasts are trailing the rest of the market by the most since 2013.


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7 ideas completely lost on people who are “fiscally conservative but socially liberal”

To be "fiscally conservative/socially liberal" means overlooking many of the facts that make it impossible to separate social and fiscal issues. The following article discusses why the social and fiscal aspects of any political theory are so tangled that one is often just an unfortunate side of the other and why the relatively innocuous "fiscally conservative/socially liberal" position is inconsistent — a mix of ideas that do not hold up well together. 

For a "top down" approach to sorting out the inconsistencies of your economic and political theories (forgetting the "liberal" and "conservative" labels for a moment), explore how the laws define our economic playing field. (E.g. read Stiglitz on Inequality, Wealth, and Growth: Why Capitalism is Failing.)

Thoughts? Please give us yours in the comment section. 

7 ideas completely lost on people who are “fiscally conservative but socially liberal”

It's a popular refrain among "centrists." The truth is that social and fiscal issues are inextricably bound

By Greta Christina, originally published at Alternet (via Salon) 

Well, I’m conservative — but I’m not one of those racist, homophobic, dripping-with-hate Tea Party bigots! I’m pro-choice! I’m pro-same-sex-marriage! I’m not a racist! I just want lower taxes, and smaller government, and less government regulation of business. I’m fiscally conservative, and socially liberal.”

How many liberals and progressives have heard this? It’s ridiculously common. Hell, even David Koch of the Koch Brothers has said, “I’m a conservative on economic matters and I’m a social liberal.”

And it’s wrong. W-R-O-N-G Wrong.

You can’t separate fiscal issues from social issues. They’re deeply intertwined. They affect each other. Economic issues often are social issues. And conservative fiscal policies do enormous social harm. That’s true even for the mildest, most generous version of “fiscal conservatism” — low taxes, small government, reduced regulation, a free market. These policies perpetuate human rights abuses. They make life harder for people who already have hard lives. Even if the people supporting these policies don’t intend this, the policies are racist, sexist, classist (obviously), ableist, homophobic, transphobic, and otherwise socially retrograde. In many ways, they do more harm than so-called “social policies” that are supposedly separate from economic ones. Here are seven…
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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Banks Will Keep Doing FX Stuff That Got Them in Trouble (Bloomberg)

Here they're doing that grumbling in letters to clients the day after their guilty pleas. There is no promise of reform here: The Justice Department caught the banks doing things that it didn't like and fined them billions of dollars, but won't stop them from doing most of those things. As long as there are no more ambiguities or misunderstandings about what they are. It's a weird stalemate. The Justice Department doesn't like these practices, the banks like them fine, and they've agreed to disagree. These practices have been singled out, in the context of criminal plea agreements (a bad context!), as things that happened. But not quite as crimes. And the banks are careful to make clear: They're going to keep happening.

The Senate Has a $66 Billion Gift for U.S. Banks (Bloomberg)

A U.S. Senate proposal to raise the level at which banks are deemed systemically important could help free up as much as $66 billion in capital at 11 lenders and allow for increased shareholder payouts.

Dodd-Frank Overhaul: Raising the SIFI Threshold

There may be a simple, overlooked reason for the EU bond meltdown (Market Watch)

A recent meltdown in the eurozone’s bond market caught global markets by surprise, spreading fears of a repeat of the 2013 taper tantrum.

The jitters were so intense that it took a clear message from European Central Bank policy makers that the central bank stands firmly behind its aggressive stimulus program, for the market to calm and resume some bullish momentum.

Self-Driving Trucks Are Going to Kill Jobs, and Not Just for DriversSelf-Driving Trucks Are Going to Kill Jobs, and Not Just for Drivers (Gizmodo)

The first road-legal autonomous truck made a splashy debut earlier this month. The Freightliner Inspiration Truck is shiny and new, but it will not be good for everyone. Autonomous trucks will destroy


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Income gap: CEOs make 373 times average worker pay (CNBC)

The numbers are in on 2014 CEO compensation, and as the old Seinfeld joke goes, they are real and they are spectacular. CEO pay is also controversial as the income gap widens in America.

The average S&P 500 company CEO made 373 times the salary of the average production and non-supervisory worker in 2014, up from 331 times in 2013, according to the AFL-CIO.

Here's the story behind that huge disconnect in the stock market (Business Insider)

There's been a growing disconnect in stocks. 

Over the last few weeks, we've highlighted versions of the following chart from Bank of America Merril Lynch, which shows that US equity funds have seen massive outflows this year while stocks continue to climb to record highs

May 18 COTD

Wall Street is on the verge of saying 'recession' (Business Insider)

Wall Street has almost said it.

In a note to clients on Monday morning, Deutsche Bank's Jim Reid comes within inches of saying the word "recession" to describe the US economy's fate during the first half of the year.

Graphing The Evolution Of The World's Debt Addiction (Zero Hedge)

It's no secret that the world is addicted to debt.

China for instance, has an astounding $28 trillion debt load that amounts to 282% of GDP, while the country's local governments are now undertaking a multi-trillion yuan refi initiative in order to cut the debt servicing costs on a mountain on high interest loans they acquired off balance sheet in an effort to skirt official borrowing limits.

Bank of America is forecasting a ‘scary summer’ for the stock market (Market Watch)

Investors might want to add a little cash and some gold to their portfolio’s summer outfit.

So say analysts at Bank of America Merrill Lynch, who are forecasting a grim summer for stocks this year. In other words, it might be wise to apply ample dollops of market-correction block in addition to any sunscreen you might wear.


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News You Can Use From Phil’s Stock World

Financial Markets and Economy

Bank of America: Markets Are in a 'Twilight Zone' and It's Time to Hold More Cash and Gold (Bloomberg)

In a note sent out this morning, Bank of America Merrill Lynch has a warning for investors: 

Investors remain trapped in “The Twilight Zone”, the transition period between the end of QE and the first rate hike by the Fed, the start of policy normalization…until (a) the US economy is unambiguously robust enough to allow the Fed to hike and (b) the Fed’s exit from zero rates is seen not to cause either a market or macro shock (as it infamously did in 1936-7), the investment backdrop will likely continue to be cursed by mediocre returns, volatile trading rotation, correlation breakdowns and flash crashes. For this reason we continue to advocate higher than normal levels of cash, adding gold and owning volatility in mid 2015. Given extremities of liquidity, profits, technological disruption, regulation, income inequality…potential for a cleansing drop in asset prices cannot be dismissed. Most likely catalysts: Consumer, Rates, A-shares, Speculation, High Yield.

Here's your complete preview of this week's big economic events (Business Insider)

Stocks are back at all-time highs. 

After spending about a month trading just off record levels, the S&P 500 powered back to an all-time high on Thursday and fractionally improved on this to end the week, closing at 2,122.73 on Friday

Screen Shot 2015 05 17 at 3.32.45 PM

Bank of America: Markets Are in a 'Twilight Zone' and It's Time to Hold More Cash and Gold (Bloomberg)

Investors remain trapped in “The Twilight Zone”, the transition period between the end of QE and the first rate hike by the Fed, the start of policy normalization…until (a) the US economy is unambiguously robust enough to allow the Fed to hike and (b) the Fed’s exit from zero rates is seen not to cause either a market or macro shock (as it infamously did in 1936-7), the investment backdrop will likely continue to be cursed by mediocre returns, volatile trading rotation, correlation breakdowns and flash crashes. For this reason we continue to advocate higher than normal levels of cash, adding gold and owning volatility in mid 2015. Given extremities of liquidity, profits, technological disruption, regulation, income inequality…potential for a cleansing drop


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Secular Versus Cyclical: Notes from SIC 2015

 

John Mauldin shares his notes and his thoughts on a wide range of financial topics presented at the recent Strategic Investment Conference, which he also says was the best ever, complete with intense and divergent views. In addition to his own notes, Mauldin includes notes from his associate Pat Watson and links to a summary by Chris Bailey and Steve Blumenthal.

Secular Versus Cyclical: Notes from SIC 2015

Courtesy of John Mauldin, Thoughts from the Frontline

I put a great deal of effort into planning the speaking lineup for my conference. It is routinely called the best macroeconomic investing conference in the country each year, and I have to humbly agree. It takes work to make it that way. Last fall, when I began to consider my lineup for this year’s conference, one of the big questions on my mind and the minds of nearly everyone I was speaking to was Federal Reserve policy, so I specifically looked for a few new speakers who could address that concern.

The topic of what the Fed would do and what the effects would be was a running theme throughout the conference. That concern is mirrored in the following quote from Stan Druckenmiller. (I think I’ll try to get him to come to the conference next year.)

"Earnings don’t move the overall market; it’s the Federal Reserve board. And whatever you do, focus on the central banks and focus on the movement of liquidity. Most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets."

Note: In a departure from tradition, cosponsor Altegris Investments has agreed to allow me to share one video of a conference speaker per week for the next few months. The videos are in production, and I hope to be able to bring you the first one next week. Now let’s look at my notes.

SIC 2015: Speaker Notes

First up was David Rosenberg. Rosie has been my leadoff hitter for a number of years and is a crowd favorite. Never in all these years has he failed to bring a new…
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News You Can Use From Phil’s Stock World

Financial Markets and Economy

Obama Lambasts Fox News, Jon Stewart Puts The Final Nail In Their Coffin (Liberals Unite)

During a panel discussion at Georgetown University this week, President Obama lambasted FOX and the media at large, but mostly FOX, for their narrative of the poor as lazy, parasitic, sloths.

During the discussion, Obama saidOver the last 40 years, sadly, I think there’s been an effort to either make folks mad at folks at the top, or to be mad at folks at the bottom. And I think the effort to suggest that the poor are sponges, leeches, don’t want to work, are lazy, are undeserving, got traction.

(Video here)

The Middle Class Has a Debt Problem (Bloomberg View)

Of all the burdens weighing on the American middle class, one has grown immensely in recent years: debt. Absent reform, it presents one of the gravest threats to the prosperity of the typical family.

For much of the past century, easier access to credit benefited most Americans. It helped them buy what many see as the necessities of a middle-class life — a home, a car, an education. Those assets, in turn, gave them the stability and earning power they needed to build wealth. Regular mortgage payments acted as a form of saving, making home ownership almost synonymous with financial security.

Interest Rates And The Bond Market: Why You Should Care (Value Walk)

Over the past couple of days, the bond market has had a bit of a snit. Rates for government bonds have risen—meaning that prices have dropped—around the world.

Take a look at the rates on the 10-year U.S. Treasury in the chart below, from MarketWatch.com.

Interest Rates Bond Market

Chicago-Cloud-Gate-#2-original.jpgStudy First to Give Investor Views on Complexity in Corporate Financial Reporting (CFA Institute)

Now that standard setters know what investors want in their financial reports, can they make them truly less complex?

Here’s where things currently stand: For years, corporate managers, auditors, and accountants have complained that financial statements are too long and complex, and that this complexity increases companies’ compliance costs.


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News You Can Use From Phil’s Stock World

Financial Markets and Economy

The Oil Price Bounce Has Failed to Excite Equity Analysts. So Far. (Bloomberg)

As oil fell in the second half of last year, analysts followed by lowering their ratings on European energy companies. They're still cutting, even as oil rebounds.

A Bloomberg measure that converts each analyst’s current stock recommendation into a number —from one for a 'sell' to five for a 'buy'— has continued to fall every month this year despite a 10 percent rally in the price of Brent crude. 

China Man bicycle bikeNothing China is doing is working (Business Insider)

A bunch of data about the state of China's economy came out Tuesday night, and altogether it told us one thing — nothing the government has been doing to save its economy from falling deeper into a slowdown is working.

Since November, China has cut benchmark interest rates three times, including once Saturday. It has also loosened mortgage policies to prop up the housing market.

Euro Pares Gain as Draghi Underlines Commitment to Easing Plan (Bloomberg)

The euro pared gains as Mario Draghi said the European Central Bank will implement its bond-buying program “in full.”

The common currency was little changed against the dollar after earlier rising 0.8 percent to the highest in almost three months. Draghi, the ECB president, said in a speech in Washington that the central bank’s unconventional measures have proven effective, and low interest rates haven’t yet led to financial imbalances.

Debt Traders to Fed: We Dare You to Try Raising Rates This Year (Bloomberg)

Go ahead, Federal Reserve, keep trying to prepare markets for an interest-rate increase this year.

It isn’t working.

The longer U.S. central bankers wait to initiate their tightening cycle, the more traders push back their expectations for when borrowing costs will start rising. On Thursday, futures contracts were implying that traders saw the fed funds rate at about 0.3 percent rate by December. That’s the lowest estimate of the year, and about half the forecast for the overnight lending benchmark that the Fed gave in March.


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Dems cave on TPP after "holding out for more sugar in the coffee" (Aaron Task, Yahoo)

President Obama's effort to pass the Trans-Pacific Partnership (TPP) hit a temporary roadblock earlier this week as Senate Democrats blocked debate on Trade Promotion Authority (TPA), which the President says he needs to finalize the massive trade deal between the U.S. and 11 other nations. But what many in the press called a "stinging rebuke" for the President indeed turned out to be a mere "procedural snafu", as the White House dubbed it.

Stan Druckenmiller sees ‘massive' problem caused by aging (Bloomberg)

Billionaire investor Stan Druckenmiller said an aging population will present a “massive, massive problem” for the U.S. in 15 years.

“The young people are not going to be talking about cutting back,” Druckenmiller said Wednesday night in New York at an event hosted by Addepar, a technology company that provides software to financial advisers, fund managers and family offices. “There will be nothing to cut back.”

Druckenmiller, 61, has argued for several years that the mushrooming costs of Social Security, Medicare and Medicaid will bankrupt the nation’s youth and eventually result in a crisis worse than the financial meltdown of 2008. The government will have to reduce payments to the elderly, he said at the event.

Wholesale Deflation Strikes US Economy: April PPI Has Biggest Annual Drop In 5 Years (Zero Hedge)

Something funny happened on the way to the global reflation (telegraphed so loudly by the recent surge in 10Y yields to the highest level of 2015): PPI just crumbled by a sequential 0.4% in the month of April, despite expectations it would rise by 0.1% and continue the 0.2% monthly increase seen in March.   This was a -1.3% drop in PPI – the fastest fall in 5 years.

International Dividend Momentum Is All About Emerging Markets (Seeking Alpha)

Income investors have known this day would come eventually – just as you shift all of your focus to U.S.-based markets where the momentum was strongest, the tide turns to overseas strength. Emerging markets in particular have been a well-documented story of "great fundamental theme, awful price action".


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

U.S. Retail Sales Disappoint Again (Bloomberg)

American shoppers’ reluctance to open their wallets has economists stumped.

HSBC: Central Banks Are Running Low on Ammunition (Bloomberg)

"The world economy is like an ocean liner without lifeboats." That's the headline in HSBC Chief Economist Stephen King's latest note. What he's getting at is that with interest rates sitting at or near record lows in economies across the globe, central banks could be set for major struggles if the economy starts to sour.

Russian Car Sales Slump 42% to ‘New Low Point’ in April on Year (Bloomberg)

Russian car sales continued to plunge in April from a year earlier as automakers look to government programs and a stronger ruble to support the market.

Advantages Of Too Big To Fail Kick In After $50 Billion: OFR (Value Walk)

Yesterday Senator Richard Shelby (R-AL) put forward a bill that, among other things, would only automatically designate banks as systemically important if they have more than $500 billion in assets instead of the current $50 billion threshold (the Fed could still choose to designate banks above $50 billion). While a proposed ten-fold increase came as a surprise (a proposed increase of some size was expected), it does raise the question of what an appropriate threshold should actually be.

 

Too Big To Fail

Wal-Mart teams with Alibaba's Alipay (Market Watch)

Wal-Mart Stores Inc. WMT, -1.01% said Wednesday it is teaming with Alibaba Group Holding Ltd. BABA, +0.88% to begin accepting the latter's Alipay mobile-payment system at its stores in southern China, the Xinhua News Agency reported. Customers at 25 of the U.S. retailer's stores in the southern city of Shenzhen are now able to pay using the Alibaba app, with more of the over 400 Wal-Mart stores in China to join the program soon, the report cited Wal-Mart as saying. While Wal-Mart reported a modest decline in its China sales for the fourth quarter of 2014, it nonetheless plans to expand its operations in the country, and the company said last month it intends to open another 115


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Phil's Favorites

Mario Draghi’s Slippery Downward Slope

Courtesy of The Automatic Earth.

Harris&Ewing F.W. Grand store, Washington, DC 1925

Mario Draghi made another huge faux pas Thursday, but it looks like the entire world press has become immune to them, because it happens all the time, because they don’t realize what it means, and because they have a message if not a mission to sell. But still, none of these things makes it alright. Nor does Draghi’s denying it was a faux pas to begin with.

And while that’s very worrisome, ‘the public’ appear to be as numbed and dumbed down to this as the media themselves are -largely due to ’cause and effect’, no doubt-. We saw an account of a North Korean defector yesterday lamenting that her country doesn’t have a functioning press, and we thought: get in line.

...



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Zero Hedge

Have You Heard Of India's Newest Gold Ponzi Scheme?

Courtesy of ZeroHedge. View original post here.

Submitted by Secular Investor.

An interesting fact has recently crossed the newswires, as India’s banking system is ready to start paying its clients interest on physical gold.

The Indian Minister of Finance, Arun Jaitley, has revealed new guidelines for the financial system, and the proposed new rules are somewhat surprising, even though the minister had already hinted in an earlier speech that 'gold could become an even more important asset during his tenure'.

Banks would not only be ...



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Chart School

eToro Review

Courtesy of Declan.

763 followers 76 copiers A solid jump in both followers and copiers from the start of the month. This was in large part to my top-10 ranking in their People screener. Having said that, last week finished very poorly for me. Overtraded and wa...

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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Kimble Charting Solutions

King Dollar & Crude Oil reversing ST trends, says Joe Friday

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

King Dollar and Crude Oil have been have had little correlation over the past year, as each has traded in pretty much opposite directions.

Over the past 9 months King Dollar has had a historical rally and the opposite is true for Crude Oil.

Of late Crude hit its 23% Fibonacci resistance line, based upon last summers weekly closing highs and weekly closing low on 3/13/15.

Joe Friday just the facts….Crude oil is making an attempt to break short-term steep rising support this week and King Dollar is attempting to break short-term steep falling resistance.

Crude oil just experienced its 7th largest 2-month rally in its...



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Pharmboy

Big Pharma's Business Model is Changing

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

Understanding the new normal of a business model is key to the success of any company.  The managment of companies need to adapt to the changing demand, but first they must recognize what changes are taking place.  Big Pharma's business model is changing rapidly, and much like the airline industry, there will be but a handful of pharma companies left at the end of this path.

Most Big Pharma companies have traditionally done everything from research and development (R&D) through to commercialisation themselves. Research was proprietary, and diseases were cherry picked on the back of academic research that was done using NIH grants.  This was in the heyday of research, where multiple companies had drugs for the same target (Mevocor, Zocor, Crestor, Lipitor), and could reap the rewards on multiple scales.  However, in the c...



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Sabrient

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 ...



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OpTrader

Swing trading portfolio - week of May 18th, 2015

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

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Digital Currencies

Nasdaq's bitcoin plan will provide a real test of bitcoin hype

 

Nasdaq's bitcoin plan will provide a real test of bitcoin hype

By 

Excerpt:

Bitcoin, the virtual digital currency, has been called the future of banking, a dangerous fad, and almost everything in between, but we're finally about to get some solid data to help settle the debate.

On Monday, the Nasdaq (NDAQ) stock exchange said it would ...



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Market Shadows

Kimble Charts: US Dollar

Which way from here?

Chris Kimble likes the idea of shorting the US dollar if it bounces higher. Phil's likes the dollar better long here. These views are not inconsistent, actually, the dollar could bounce and drop again. We'll be watching. 

 

Phil writes:  If the Fed begins to tighten OR if Greece defaults OR if China begins to fall apart OR if Japan begins to unwind, then the Dollar could move 10% higher.  Without any of those things happening – you still have the Fed pursuing a relatively stronger currency policy than the rest of the G8.  So, if anything, I think the pressure should be up, not down.  

 

UNLESS that 95 line does ultimately fail (as opposed to this being bullish consolidation at the prior breakout point), then I'd prefer to sell the UUP Jan $25 puts for $0.85 and buy the Sept $24 call...



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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...



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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...

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Help One Of Our Own PSW Members

"Hello PSW Members –

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




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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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