Archive for the ‘High Mailing Priority’ Category

Welcome To The Currency War, Part 21: Japan Goes Negative; US To Return Fire In 2016

Courtesy of John Rubino

Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus — which the markets liked — and then the BoJ upped the ante with negative interest rates — which the markets loved. Here’s a quick summary from Bloomberg:

Central Banks Intensify Campaign for Negative Rates

In surprising markets by penalizing a portion of banks’ reserves, the Bank of Japan on Friday joined a growing club taking the once-anathema step of pushing some borrowing costs beneath zero.

“Negative rates are now very much the new normal,” said Gabriel Stein, an economist at Oxford Economics Ltd. in London. “We’ve seen they are possible and we’re going to see more.” Negative rates once “sounded illogical,” said Stein. “We now know what we thought was true isn’t.”

This is a resounding admission of failure. Over the past seven years the world’s central banks have cut interest rates to levels not seen since the Great Depression and flooded their banking systems with newly-created currency, while national governments have borrowed unprecedented sums (in the US case doubling the federal debt). Yet here we are in the early stages of a global deflationary collapse. Commodity prices have followed interest rates to historic lows, while growth is anemic and may soon be nonexistent.

The official response: More extreme versions of what has hasn’t worked. Here’s a JP Morgan chart published by Financial Times that shows just how sudden the trend towards negative interest rates has been:

NIRP Jan 16

 

Future historians will have a ball psychoanalyzing the people making these decisions, and their conclusion will almost certainly be some variant of the popular definition of insanity as repeating the same behavior while expecting a different result.

So what does this new stage of the Money Bubble mean? Many, many bad things.

This latest leg down in bond yields presents savers (the forgotten victims of the QE/NIRP experiment) with an even tougher set of choices. Previously they were advised to move out on the risk spectrum by loading up on junk bonds and high-dividend equities. Now, after…
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Rules for the Revenant

Joshua Brown writes an important "Bear Market Survival Guide" for anyone trying to star in their own portfolio management adventure. (And yes, we're already in a bear market. And yes, if you haven't seen The Revenant, be careful not to read the italics in the Fortune article. )

Rules for the Revenant

Courtesy of Joshua Brown

rev

How’s the correction treating you so far? I know it’s not fun. For a lot of areas in the markets, we’ve already gone beyond a correction and into the dreaded “bear market territory.”

But it’s not so bad. We’ll get through it.

In the meantime, I wrote up some rules for surviving the stock market’s version of The Revenant at Fortune Magazine. Hope this is helpful / entertaining. This title wasn’t mine, btw:

What Leonardo DiCaprio Can Teach You About Surviving The Bear Market (Fortune)

***

If you haven't already read Joshua's "If You’re Reading This It’s Not Too Late," read that too. Long excerpt:

I want to reiterate something I’ve said here many times: a cyclical bear market does not have to end in a crash nor does it have to be accompanied by a recession.

It’s possible, although rare, to have a mid-cycle bear after which the economy and stock market simply pick up the pieces and move forward. In 1984, with many oil companies going bust (sound familiar?), there was a peak-to-trough decline in the S&P 500 of 14.4% from the start of the year through the summer. There was a 19.9% decline in the summer of 1990 as markets were shocked by the Savings & Loan crisis and a 19.3% sell-off during the Asian currency crisis in the summer and fall of 1998.

In other words, cyclical bear markets can happen even during a powerful secularbull market. Not every cyclical bear results in “the next 1929.” Investors in the modern era do not have a lot of experience with these relatively benevolent plunges. The dot com bust of 2000 and the Great Financial Crisis of 2008  – both of which resulted in the


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PSW’s Weekly Webinar is Here!

 

Market review. Trade ideas. The economy, the Fed, earnings, oil, currenies, etc… Watch Phil's Stock World's Weekly Webinar below and subscribe to our YouTube channel here. 

 

 

Major Topics:

00:02:00 Checking on the stock market, and AAPL, BA, AMZN, YG, SI, NG.
00:07:00 World: A new entire paradigm, because we are not going back.
00:30:09 SPY: Trade idea, puts and calls.
00:38:13 Commodities: Pre-Earning Panic.
00:38:52 Dollar Index: Doesn’t work for Oil, Yen, Euro, Yuan. 
00:47:39 QE: the Fed has to redeem its bonds, collect cash and not recycle it beyond this point.
00:50:38 Butterfly Portfolio: trade idea, calls.
00:59:15 FED: No bigger reaction, a bit bullish. It's not going to raise rates.
01:06:08 More checking on the stock market.
01:07:28 GDP: 3rd Revision to the GDP
01:08:30 SDS: Trade idea
01:14:49 More markets, S&P.
01:19:20 FED: no wonder we crash!
01:22:46 Everything is bouncing, still good. 

 





The Volcanic Core Fueling the 2016 Election

Robert Reich discusses the appeal of Bernie Sanders and Donald Trump in the upcoming election. Reich's argument is that people want big money and corruption out of politics. It explains an interesting headline I read earlier, POLL: Without Trump 83% Say They WILL NOT Watch GOP Debate. My first thought was, "Without Trump and his bigoted attacks on just about every group, the debate would be boring. There'd be no show."

But Reich invokes the popular mood to explain Trump's and Sander's popularity. "Either you’re going to be attracted to an authoritarian son-of-a-bitch who promises to make America great again by keeping out people different from you…" [Trump]. Or "you’ll go for a political activist who tells it like it is, who has lived by his convictions for fifty years, who won’t take a dime of money from big corporations or Wall Street or the very rich,.."

The Volcanic Core Fueling the 2016 Election

Courtesy of Robert Reich

Not a day passes that I don’t get a call from the media asking me to compare Bernie Sanders’s and Hillary Clinton’s tax plans, or bank plans, or health-care plans. 

I don’t mind. I’ve been teaching public policy for much of the last thirty-five years. I’m a policy wonk. 

But detailed policy proposals are as relevant to the election of 2016 as is that gaseous planet beyond Pluto. They don’t have a chance of making it, as things are now. 

The other day Bill Clinton attacked Bernie Sanders’s proposal for a single-payer health plan as unfeasible and a “recipe for gridlock.”

Yet these days, nothing of any significance is feasible and every bold idea is a recipe for gridlock. 

This election is about changing the parameters of what’s feasible and ending the choke hold of big money on our political system. 

I’ve known Hillary Clinton since she was 19 years old, and have nothing but respect for her. In my view, she’s the most qualified candidate for president of the political system we now have.

But Bernie Sanders is the most qualified candidate to create the political system we should have, because he’s leading…
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Slicing into Apple’s Earnings

 

The good news is that Apple earned a record $18.4 billion in profit in Q1 2016. Earnings beat estimates, although revenue came short, $75.9 billion vs. the $76.5 billion expected.

Apple Reports Record First Quarter Results (Apple)

Apple® today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per diluted share, in the year-ago quarter. Gross margin was 40.1 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

So why is the stock trading down to around $95 today (~ 5% drop)? Although Apple posted its largest quarterly profit ever, it forecast a decline in sales for this quarter. Apple lowered Q2 2016 revenue guidance to $50 – $53 billion (analysts were estimating around $55.5 billion). In Q2, iPhone sales will be lower than in 2015 — marking the company's first year-over-year decrease in iPhone sales. Q2 will also mark AAPL's first sales decline since 2003. 

Investors are skeptical about this drop in sales being a temporary glitch in the company's growth.

Tim Cook: iPhone sales will grow again but investors don't believe (Yahoo Finance)

While analysts and investors fret about market saturation, Apple (AAPL) CEO Tim Cook firmly rejected that view on Tuesday, despite having to concede that iPhone sales at the beginning of this year will be significantly lower than in 2015, the company's first ever year-over-year decrease.

"If we make a great product and have a great experience then we ought to be able to convince enough people to move over," Cook said, when asked about market


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Why You Should Question “Buy-And-Hold” Advice

Courtesy of Lance Roberts of Real Investment Advice

I recently received an email from an individual that contained the following bit of portfolio advice from a major financial institution:

“Despite the tumble to begin this year, investors should not panic. Over the long-term course of the markets, investors who have remained patient have been rewarded. Since 1900, the average return to investors has been almost 10% annually…our advice is to remain invested, avoid making drastic movements in your portfolio, and ignore the volatility.”

First of all, as shown in the chart below, the advice given is not entirely wrong – since 1900, the markets have indeed averaged roughly 10% annually (including dividends). However, that figure falls to 8.08% when adjusting for inflation.

SP500-Real-Nominal-TotalReturns-012416

It’s pretty obvious, by looking at the chart above, that you should just invest heavily in the market and “fughetta’ bout’ it.”

If it was only that simple.

There are TWO MAJOR problems with the advice given above.

First, while over the long-term the average rate of return may have been 10%, the markets did not deliver 10% every single year. As I discussed just recently, a loss in any given year destroys the “compounding effect:”

“Let’s assume an investor wants to compound their investments by 10% a year over a 5-year period.

Math-Of-Loss-10pct-Compound-011916

The “power of compounding” ONLY WORKS when you do not lose money. As shown, after three straight years of 10% returns, a drawdown of just 10% cuts the average annual compound growth rate by 50%. Furthermore, it then requires a 30% return to regain the average rate of return required. In reality, chasing returns is much less important to your long-term investment success than most believe.”

Here is another way to view the difference between what was “promised,” versus what “actually” happened. The chart below takes the average rate of return, and price volatility, of the markets from the 1960’s to present and extrapolates those returns into the future.

SP500-Promised-vs-Real-012516

When imputing volatility into returns, the differential between what investors were promised (and this is a huge flaw in financial planning) and what actually happened to their money is substantial over…
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Don’t Do Something…Just Stand There!

 

Don’t Do Something…Just Stand There!

Courtesy of Wade of Investing Caffeine

shadow-man-1191081

Like a full plane hitting a rough patch of turbulence, investors have been shaken by the recent price volatility in the stock market over concerns of a slowing Chinese economy, plummeting oil prices, and a host of other alarming headlines. As a result, investors are left picking up the pieces of the S&P 500 decline, which currently sits off -11% from its 2015 highs (down -15% at the 1/20/16 low). The picture looks even uglier if you consider the Russell 2000 small cap index, which has collapsed -21% from its 2015 highs (-26% at the 1/20/16 low).

What now, and what does this mean? There has been all kinds of crazy technical trading activity occurring around heavy options expirations, stop-loss selling, and short cover buying. With all the frenetic gyrations in the stock market (e.g., 2,000 point swing in the Dow Jones over the last month), there have been no shortage of opinions on TV, on the internet or at the watercooler. However, the best sage advice probably came from 86-year-old investor legend, John “Jack” Bogle (founder of Vanguard Group – $3.4 trillion in assets under management at 12/31/15), who emphatically told investors to “Don’t do something…just stand there!”

The advice to “stay the course” can be very counter-intuitive to human nature. In periods of stress, our brains tend to revert back to our ancestors’ Darwinian survival instincts, which tell us to flee from the ferocious lion (see also Controlling the Investment Lizard Brain). The fact is these periods of turbulence are normal – no different than a bumpy flight into San Francisco. In fact, we’ve hit quite a few choppy air pockets in recent years:

  • Debt Downgrade/Debt Ceiling Debate/European PIIGS Crisis (-22% in 2011)
  • Arab Spring/Grexit Fears (-11% in 2012)
  • Fed Taper Tantrum (-8% in 2013)
  • Ebola Outbreak (-10% in 2014)
  • China Slowdown Fears (-13% in 2015)

Through all of this mayhem, including the current 2016 dip, the stock market has still managed to rise an impressive +77% since the 2011 pullback, which sure beats the sub-1% yield earned on bank CDs.

Inevitably, with the…
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Weekend Reading: The Bear Awakens

Courtesy of Lance Roberts of Real Investment Advice

Of the last several weeks, I have suggested that markets are oversold and that a bounce was likely. However, such a reflexive bounce should be used to sell into as it is now becoming clearer the markets have changed their trend from positive to negative. As I discussed earlier this week:

“The concept of the full-market cycle is critically important to understand considering the markets have very likely broken the bullish trend that began in 2009. Take a look at the first chart below.”

SP500-MarketUpdate-011516-3

“This “weekly” chart of the S&P 500 shows the bullish trends which were clearly defined during their advances in the late 1990’s, 2003-2007 and 2009-present. Each of these bullish advances, despite ongoing bullish calls to the contrary, ended rather badly with extremely similar circumstances: technical breakdowns, weakening economics, and deteriorating earnings.

As I have shown in the chart above, when the markets broke the bullish trends (blue dashed lines), the subsequent bear market occurred rather rapidly. The conversion from the bull market to the bear market was marked by a breakdown in prices and the issuance of a very long-term “sell signal” as noted in the bottom of the chart.

We can look at this same analysis a little differently and see much of the same evidence.”

SP500-MarketUpdate-011516

“The chart above shows something I discussed last week: ‘Markets crash when they’re oversold.’”

The inability for the markets to muster a rally from currently extremely oversold short-term conditions suggests market dynamics have indeed changed from a “buy the dip” to “sell the rally” mentality.

This weekend’s reading list is a collection of articles on the current state of the market. Is this just a correction within a bullish tend? Or, is this the beginning of the long awaited bear?


1) 7 Reasons Not To Be A Bear by Jeff Reeves via MarketWatch

  • Jobs
  • Housing
  • Oil
  • Insulation From China
  • Valuations
  • US Dollar
  • The Long Term

But Also Read:  Growth Fears Grip The Market by Robert Johnson via Morningstar

2) Charts To Retain
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This happens all the time

 

This happens all the time

Courtesy of Joshua Brown, The Reformed Broker

What’s taking people’s breath away about this year’s stock market sell-off is probably some combination of three things: A) we’re unaccustomed to it, we’ve been spoiled for years, and B) it’s global in nature (and some would say global in origin), and C) the speed of the selling is incredible, by any historical standard – it feels like a whoosh straight down.

But as disorienting as this all feels, the truth is that double-digit drawdowns from prior highs in the S&P 500 are not an anomaly – they are the norm, statistically speaking. In fact, this happens during 2 out of every 3 years.

My colleague Michael Batnick has run the numbers…

  • The average intra-year decline is 16.4%. This current decline might feels worse due to the speed at which it’s happening, and because it’s occurring right out of the gate.
  • Double digit declines are to be expected, 64% of all years experienced them.
  • It’s not unusual for those double digit declines to be of little importance. 57% of the years with 10% drawdowns finished positive.
  • Stated differently, 36% of all years saw a double digit decline and still finished positive.
  • Drawdowns of 20% or more have happened 23 times, or 26% of all years. On five of those 23 occasions, stocks still ended up positive on the year.

He’s also got a great pair of charts showing the decline in each year along with that year’s closing gain or loss. This is a very powerful thing to be aware of given the cacophony of fear-mongering you’re coming into contact with right now.

Head over and check it out:

What’s Going On? (The Irrelevant Investor)

 





PSW Weekly Trading Webinar – 1-20-16

In our weekly market review and instructional trading video (below), we discuss current market conditions, stocks, options, trade ideas, and more. Major topics are listed below the video. 

PhilStockWorld.com Weekly Trading Webinar – 1-20-16

 
Major Topics:
  • 00:01:46 Checking on the markets: It’s horrible! This is good market sell-off. NASDAQ, S&P, NIKKEI, DJIA — all have been selling off. 
  • 00:05:51 Short-term portfolio: bearish. Offset to the long-term portfolio.
  • 00:12:46 Europe finished 3 1/2% lower.
  • 00:13:30 Butterfly portfolio: bullish
  • 00:14:50 Value of DOW
  • 00:17:35 FED announcement 
  • 00:19:48 Energy sector is down 6% today, but not everything is falling.
  • 00:21:34 Sector Performance Charts
  • 00:24:51 Short-term portfolio: bull calls spread, puts, trade idea.
  • 00:32:00 HAL: Trade idea
  • 00:33:16 Trade idea
  • 00:37:00 SPX
  • 00:42:00 DOW, AAPL, AXP, CVX, XOM
  • 00:46:00 FUTURES: CL, RB, WYNN, VIX, AAPL, TSLA, NFLX, NIKKEI, NG, TLT
  • 00:48:15 UCO: Trade idea
  • 00:53:43 Oil continues to go down.
  • 00:55:17 IRBT: 5% Portfolio, call spread, trade idea
  • 01:04:40 TWTR
  • 01:07:00 UCO Trade
  • 01:09:28 OIL is at $28.50
  • 01:10:15 RUSSEL
  • 01:14:00 ARR, NLY, CIM, AGNC, STWD, trade idea
  • 01:17:49 VNQ: Construct the hedge, trade idea
  • 01:20:55 NLY: Puts, dividend, trade idea
  • 01:25:20 ARR: Calls, dividend, trade idea
  • 01:27:22 IBM: Trade idea, puts and calls
 
Enjoy the program!
 




 
 
 

Zero Hedge

Possible Silver U-Turn Report, 7 Feb, 2016

Courtesy of ZeroHedge. View original post here.

Submitted by Monetary Metals.

Wow, did the dollar move down this week! It dropped more than it has in quite a while. It fell 1.3mg gold, or 0.1g silver.

Gold and silver bugs of course are excited, as they look at it as the prices of the metals going up $55 and 72 cents respectively. The collapse of what most think of as money—including especially said gold and silver bugs—is great fun and profitable. At least if you’re short the dollar.

By the way, when we say the dollar fell we do not mean in terms of its derivatives such as euro, pound, yuan, and so on. We’re well aware that the dollar index fell from 99.6 to 97. The euro and other currencies are no more suitable for measuring the dollar, than, well the dollar is to me...



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Chart School

Bears Break Deadlock

Courtesy of Declan.

A quick post before the Superbowl begins. Friday's action was very disappointing if you were in the bullish camp; poor jobs data contributing to the malaise. However, investors can view this as another buying opportunity, with the Nasdaq clocking the 10% percentile of historic weak prices dating back to 1971, and the Russell 2000 making fast work of a push back to 958. Again, it's not about investing everything at once, but perhaps using the coming year(?) to build long term positions. I would be happier to see a 40-60% trim from highs - keep an eye on my bottom watch table, but this is the kind of action which helps reset the bulls count.

The S&P registered a clear break of rising trend. Volume was lighter, so it wasn't necessarily a panic sell. And while it could be viewed as a breakown, the glass half full crew would see this as a drop back...

more from Chart School

All About Trends

Mid-Day Update

Reminder: Harlan 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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Phil's Favorites

What The Charts Say: "Now Is The Time To Worry"

Courtesy of Lance Roberts of Real Investment Advice

RALLY FAILS, ALERTS RISE

Last week, I discussed the boost the market received as the BOJ made an unexpected move into negative interest rate territory combined with end of the month buying by portfolio managers. I wrote:

“However, the announcement by the Bank of Japan (BOJ) to implement negative interest rates in a desperate last attempt to boost economic growth in Japan was only the catalyst that ignited the bulls. The “fuel” for the buying came from the end of the month portfolio buying by fund managers.”

But more importantly, was the push higher by stocks that I have been discussing with you over the last couple of weeks. ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Wall Street has finally learned an important lesson about Tesla (Business Insider)

The past month has been horrific for Tesla's shareholders.

After hitting $240 on the last day of 2015, shares have lost one-third of their value. Something close to $10 billion in market cap has been erased.

The World's Biggest Wealth Fund Is Unhappy With Volkswagen's Leadership (Bloomberg)

The world’s biggest sovereign wealth fund criticized...



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Kimble Charting Solutions

S&P could reach 1,600 if this gives way, says Joe Friday

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

S&P 500 tops in 2000 and 2007 took place 91 one months apart. Did another top take place 91 months after the 2007 top. So far it looks very possible.

If you double that time frame, you get 182 months. What is the odds that the NDX 100 topped 182 months after the 2000 high, at the SAME price it hit in 2000?

We applied monthly momentum to the charts above, reflecting that momentum for the S&P is back at 2000 and 2007 highs and turning lower and the momentum for the NDX is back at 2000 levels.

...

more from Kimble C.S.

ValueWalk

Why Most Investors Fail in the Stock Market

 

Why Most Investors Fail in the Stock Market

Courtesy of ValueWalk, by  

Throughout the past 30 days of wild volatility, here’s what I didn’t do.

Panic. Worry. Sell.

In fact, the best I did was add to a couple of positions yesterday. The world was already in an uncertain state for the past 3+ years. It’s just that with the market rising, we pushed the issue to the back of our  mind and ignored it.

If you read Howard Marks latest memo, ...



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Insider Scoop

Tyson Foods' Stock Ticks Higher Following Q1 Print

Courtesy of Benzinga.

Related TSN 7 Stocks You Should Be Watching Today Earnings Scheduled For February 5, 2016 Tyson Foods beats by $0.26, misses on revenue (Seeking Alpha)

Shares of Tyson Foods, Inc. (NYSE: TSN) were trading higher by more nearly 4 percent early Friday morning after the company reported its ...



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

OpTrader

Swing trading portfolio - week of February 1st, 2016

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

2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies

Courtesy of Charles Hugh-Smith at Of Two Minds

A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies.

We all know money is created and distributed by governments and central banks. The reason is simple: control the money and you control everything.

The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies--money that is global and independent of any state or central bank, or indeed, any bank, as crypto-currencies are structurally peer-to-peer, meaning they don't require a bank to function: people can exchange crypto-currencies to pay for goods and services without a bank acting as a clearinghouse for all these transactions.

This doesn't just open t...



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Sabrient

Sector Detector: New Year brings new hope after bulls lose traction to close 2015

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

Chart via Finviz

Courtesy of Sabrient Systems and Gradient Analytics

Last year, the S&P 500 large caps closed 2015 essentially flat on a total return basis, while the NASDAQ 100 showed a little better performance at +8.3% and the Russell 2000 small caps fell -5.9%. Overall, stocks disappointed even in the face of modest expectations, especially the small caps as market leadership was mostly limited to a handful of large and mega-cap darlings.

Notably, the full year chart for the S&P 500 looks very much like 2011. It got off to a good start, drifted sideways for...



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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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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 ...



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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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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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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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