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One Last Look At The Real Economy Before It Implodes – Part 1

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Brandon Smith via Alt-Market.com,

We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just as the Federal Reserve announced the end of QE3, indicating fiat money was used to hide falling demand), the Baltic Dry Index losing 30 percent since the beginning of the year, the Swiss currency surprise, the Greeks threatening EU exit (and now Greek citizens threatening violent protests with the new four-month can-kicking deal), and the effects of the nine-month-long West Coast port strike not yet quantified. This is not just a fleeting expression of a negative first quarter; it is a sign of things to come.

Stock markets are, of course, once again at all-time highs after a shaky start, despite nearly every single fundamental indicator flashing red. But as Zero Hedge recently pointed out in its article on artificial juicing of equities by corporations using massive stock buybacks, this is not going to last much longer, simply because the debt companies are generating is outpacing their ability to prop up the markets.

This conundrum is also visible in central bank stimulus measures. As I have related in past articles, the ability of central banks to goose the global financial system is faltering, as bailouts and low-interest-rate capital infusions now have little to no effect on overall economic performance. The fiat fuel is no longer enough; and when this becomes apparent in the mainstream, all hell will indeed break loose.

The argument that banks can prop up the system forever is now being debunked. In this series of articles, I will cover the core reasons why this is happening, starting with the basis of all economics: supply and demand.

The Baltic Dry Index has been a steadfast indicator of the REAL economy for many years. While most other indexes and measures of fiscal health are subject to direct or indirect manipulation, the BDI has no money flowing through it and, thus, offers a more honest reflection of the world around us. In the past two months, the index measuring shipping rates and international demand for raw goods has hit all-time historical lows, plummeting 57…
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And It’s Gone! After 3 Days, Beijing Bans Discussion Of Viral China Smog Documentary

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just 3 days after "Under The Dome" went massively viral (152 million views on China's Tencent alone), exposing the reality of China's disastrous pollution in an in-depth 104-minute documentary, The FT reports Chinese censors have moved to tamp down discussion domestically.  We had previously noted with surprise just how 'big' the story had got without Beijing's intervention and now we see propaganda authorities directed news outlets on Monday not to publish stories about Under the Dome.

Of course, the documentary is still available (with English subtitles) on YouTube…

As The FT reports,

Chinese censors have moved to tamp down discussion of a hard-hitting documentary on air pollution that sent the country’s blogosphere into overdrive, highlighting political sensitivity about China’s smog problem.

Propaganda authorities directed news outlets on Monday not to publish stories about Under the Dome, the emotional first-person documentary by a former state television anchor, journalists from three news organisations told the Financial Times on Tuesday.

The official Xinhua News Agency has deleted at least two original articles on the documentary from its website, including one about the environment minister’s praise for the film. The other deleted article is about how the film has become a hot topic at the parliament meeting. Both articles are still available on other news sites.

Xinhua has requested other media not to republish several other related articles remaining on its site, according to screenshots of the request that circulated on Weibo, the Twitter-like microblog platform.

A duty secretary at Xinhua surnamed Zhu said she was not aware of a notice sent to media clients.

The film is no longer a trending topic on Weibo, although it is not clear whether the change is the result of censorship. Posts featuring the Xinhua screenshot have also been deleted.

China maintains a multi-layered censorship apparatus that includes both explicit directives to media organisations from the Communist party’s propaganda department, self-censorship by news organisations and social media platforms, and outright blockages of some foreign websites.

*  *  *





Analysts On Dicks Sporting Goods: 'Pain Mostly Behind Us'

Courtesy of Benzinga.

Related DKS
Benzinga's Top Downgrades
Needham Downgrades Dick's Sporting Goods To Hold
DICK's Sporting Q4 Earnings Beat on Growth Strategies – Analyst Blog (Zacks)

Dicks Sporting Goods Inc (NYSE: DKS) faces pressure from winter weather and a West Coast port slowdown, but troubles from its golf and hunting segments are abating, analysts said Wednesday.

The Pittsburgh-based retailer was little changed Wednesday, closing at $55.98, after beating fourth-quarter expectations late Tuesday.

"They've almost fully dug out of the golf and hunting hole," said Deutsche Bank's Michael Baker, who raised his price target nearly 11 percent to $62 and maintained a Buy rating.

Golfing sales in the fourth quarter were off 7 percent, compared with 9 percent in the preceding period; Sales of guns and hunting gear, which crashed by a percentage in the high teens earlier in 2014, was down only slightly in the recent period.

"Most of the pain is behind us," Baker said.

Citi's Kate McShane raised her price target more than 12 percent to $62 and maintained a Buy rating.

The company plans to sharpen its focus on the stronger categories of athletic apparel and footwear, while its earnings prediction is "probably conservative," McShane said.

But Canaccord's Camilo Lyon maintained a Hold rating and said Dicks' plan to take over the operation of its e-commerce business from an outside vendor will require heavy investments that will weigh on earnings "for the next couple of years."

Lyon nonetheless raised his target on Dicks by 20 percent to $59 a share, and said he expects "continued momentum" in apparel and "a possible recovery" for golf and hunting.

Latest Ratings for DKS

Date Firm Action From To
Mar 2015 Barclays Maintains Equal-weight
Mar 2015 Needham Downgrades Buy Hold
Mar 2015 Canaccord Genuity Maintains Hold

View More Analyst Ratings for DKS
View the Latest Analyst Ratings

Posted-In: Camilo Lyon Canaccord Citi Deutsche BankAnalyst Color Reiteration Analyst Ratings Trading Ideas





Ukraine Bans Gold Transactions Over $125, Currency Derivatives and Interbank Purchases Exceeding $10,000; Update on Black Market Rates in Ukraine

Courtesy of Mish.

Today the National Bank of Ukraine announced new capital controls on currency transactions. All Interbank Transactions Over $10,000 are Banned.

The national Bank of Ukraine has expanded the list of administrative restrictions for stabilization of the hryvnia, in particular, completely prohibiting the withdrawal of foreign dividends and limiting the purchase of foreign currency on the domestic markets.

Resolution No. 160 is effective from March 4, 2015 and is valid until June 3, 2015.

Previously, prohibitions did not target dividends on securities that are traded on stock exchanges.

The NBU has also introduced limits on the balance of banks’ operations on the interbank market at the end of the day and banned financial institutions from using currency derivatives on stock exchanges.

These restrictions apply to customer’s accounts over $10,000 as valued by the official rates.

Gold Buying Prohibited

In addition, the NBU banned precious metal transactions in amounts over 3,000 UAH [about $125], and also the transfer of currency abroad in excess of 15 thousand UAH [about $625].

The list goes on and on, I translated what I could understand.

Interbank Rates

For my gold and currency estimates, I used today’s interbank rate of approximately 24 UAH per 1 US dollar even though the official rate is ridiculous.

Reader John whose sister lives in Lviv informs me the current rates in Ukraine are as follows.

  • As of 2:30PM today, the official rate is 23.7712 UAH to the dollar. (Rate was at 24.8206 on March 3)
  • The trading range of the USD tightened into the range of 21.5 – 23.5 UAH in the Interbank market. The Euro traded in the range of 24 – 26 UAH per Euro.



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Solutions Start With Innovation And Transparency

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

Innovation is selectively restrained in systems controlled by vested interests.

Just as everyone supports "solutions" until the solutions crush their share of the swag, everybody supports innovation and transparency (IT) until IT disrupts their share of the swag. Then they scramble to hide the ugly truths and suppress the spread of threatening innovation.
 
This parallel rejection of swag-crushing solutions and innovation/transparency by vested interests is not coincidental: innovation and transparency are the heart of real solutions.
 
It's not surprising that the Status Quo craves pseudo-solutions, for real solutions necessarily disrupt the corrupt, sclerotic, wasteful, inefficient, fraud-ridden and cronyist-paradise of vested interests. "Faster, better, cheaper" does not result in larger bureaucracies of do-nothing paper-pushers or multiplying crony-parasites. Rather, "faster, better, cheaper" destroys the friction of vested interests.

 
There's no other way to become "faster, better, cheaper" than to destroy the costs of the current arrangement.
 
While the disruptive impact of technological innovation is widely appreciated (and feared by despots and vested interests alike), less well-understood is the critical importance of the quality and distribution of transparency and innovation.
 
While apologists for vested interests will claim the U.S. economy is transparent, they fail to account for the poor quality of the transparency. All sorts of economic vital signs are collected and issued by government and private sources, but the quality of these statistics is suspect.
 
The unspoken reality is that the vast majority of these statistics are collected and organized to present the most bullish case possible. House sales typically reflect the number of initial offers, not the number of sales that closed escrow, because the first number will always be larger than the second number.
 
Unemployment, GDP and other key official stats are designed to maximize bullish interpretations by understating systemic unemployment and the poor quality of "growth." What isn't bullish--for example, the declining quality of new debt--is simply not measured at all.
 
Key trends such as the diminishing returns of financialization are only found in in obscure academic papers few know about and even fewer understand. For example, Reassessing the impact of finance on growth (BIS Working Papers #281, via B.C.).
 
Dissent is relegated to the archives or washed away by a tsunami of happy-story propaganda. The quality of what passes for corporate accounting is also suspect; after scraping away pro forma adjustments


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Canary Meet Coal Mine: Miami Condo Sales Are “Cooling Down”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

This time is always, always different. 

One month ago exactly, the WSJ highlighted the booming Miami luxury condo market, noting that a preponderance of wealthy Brazilians fleeing an undesirable political environment has played an outsized role in fueling demand for high-end real estate in the city. 

Similarly, NPR ran a piece in November of last year which cited a laundry list of factors to account for the robust foreign demand Miami has seen for luxury properties. Those factors, according to several people quoted in the article, include: nightclubs, jets, diversity, beautiful weather, great taxes, great restaurants, beaches, and the perception among Russian oligarchs that Miami is “the next Singapore.” Peter Zalewski, who runs cranespotters.com and is an authority on these matters, told NPR the following: “…if we were to sit down in a year from now, we will be well over and above what we did during our last boom and ultimate bust and then ultimate recovery.” 

Average resale prices for Miami condos jumped by 20%+ in 2012 and 2013, a torrid pace that we recently called unsustainable and in fact, we predicted the boom in high priced Miami condos might well suffer the same fate as ultra luxury Manhattan apartments should foreign interest suddenly dry up for whatever reason. As it happens, Miami’s Downtown Development Authority is out with its Annual Residential Market Study Update and wouldn’t you know it, average retail value per square foot not only fell below 20%, but in fact fell to under 16%, the slowest pace in three years.

Also, note the caption under the graph which says, “IRR-Miami predicts further slowdown in appreciation and resale transaction volume as new projects deliver to market in 2015.” 

One of the main culprits for slowing growth is the simple fact that foreign buyers (especially Brazilians) are seeing their buying power crushed by the rapidly appreciating dollar. 

From the Miami DDR report: 

The primary driver for the Downtown Miami Condominium market is foreign investment. At the early stages of this cycle, South American capital was extremely strong versus the dollar and represented significant purchasing power for South American buyers using foreign currency to purchase pre-sale units that were being sold in U.S. Dollars. In addition to the favorable currency exchange rates, South American buyers are typically hedging against their


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Who’s Isolated Now? Kazakhstan Authorities Announce Plans To De-Dollarize Economy

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following the approval of the government, Kazakhstan's Central Bank has announced it plans to de-dollarize its economy by the end of 2016. The goal is to avoid the macroeconomic instability that the USD creates and to give priority to Tenge in trade agreements (banning price designations in foreign exchange). Coming just 2 weeks after the ratification of the $100 billion BRICS bank, and Russia's creation of a SWIFT-alternative, one wonders – as one by one foreign nations agree non-dollar trade and swap agreements – who is becoming 'isolated' now?

The Tenge is at record lows against the USD…

Full Zazakhstan Central Bank Statement (via Google Translate):

On measures to reduce dollarization of the economy

March 4, 2015 in Almaty

National Bank jointly with the Government to develop a plan to reduce the level of dollarization of the economy of Kazakhstan for 2015 – 2016 years, which was approved at a meeting of the Government of February 17, 2015. In addition, the plan approved at the meeting of the Board of the National Bank February 25, 2015.

The plan includes three main strategic directions:

  1. Ensuring macroeconomic stability;
  2. The development of non-cash payments and reduce the shadow turnover;
  3. Priority over foreign currency.

In the first direction in the plan includes measures to diversify the economy and increase the local content in goods, works and services.

The second area includes measures for the development of non-cash payments.

In the third direction is provided to increase the size guarantee on deposits in the national currency with 5 million. Tenge to 10 million. Tenge, reducing interest rates on deposits in foreign currency up to 3% annual, providing liquidity to banks and recovery of the banking sector, a ban designation on prices in foreign currency (including in arbitrary units).

Reducing the level of dollarization of the economy is a long process, whose progress is possible with constant and systematic work with a set of interrelated measures and joint efforts not only of the Government and the National Bank, but also of all economic actors.

*  *  *

With China's earlier statement and now this, today is not a great day for the US reserve currency's future. Just as the dollar emerged to global reserve currency status as its economic might grew, so the chart below suggests
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ECB Will Cut Rates To Minus 3%: JP Morgan

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

A running theme here over the past several weeks has been that the ECB’s €1.1 trillion foray into quantitative easing will be severely hindered by a laundry list of constraints (some of which were unwittingly self-imposed). Another topic we’ve covered exhaustively is the idea that the world’s central banks will likely all, in relatively short order, run up against the natural limits of accommodative monetary policy (indeed, even some Japanese policy makers are starting to agree on this). 

Thinking about these two things in conjunction raises an interesting question for the ECB: if a tail event comes rearing its ugly head and the global central bank race to the bottom accelerates, will Mario Draghi, effectively fighting with one hand tied behind his back by virtue of Q€’s limitations, be able to fend off an outright collapse?

Here’s FT with more: 

…the ECB is now close to running out of ammunition. The true constraints on further ECB intervention lie in the 25 per cent issue limit and 33 per cent issuer limit on its sovereign bond purchases.


Except for Greek debt, the 25 per cent and 33 per cent caps should not prove binding in a scenario where the ECB keeps its monthly asset purchase pace of €60bn. However, the limits could be reached in worst-case scenarios where the ECB would have to boost the size of its QE programme or implement OMTs targeted on specific sovereigns.


The first type of worst-case scenario would be a new global deflationary shock. It might be triggered by faltering US growth or a sharper-than-expected slowdown in China. The consequence would be fiercer currency wars with balance sheet expansion races among central banks.


In this competition, the ECB would be handicapped: it would not have much room to significantly increase the size of its bond purchase programme. For instance, if monthly purchases had to be raised to €100bn, the 25 per cent issue limit would be reached after only eight months in the case of German government debt.

Given the narrow size of the eurozone corporate bond market, any substantial further expansion of the asset purchase programme would then have to include equities. But this could prove controversial within the ECB governing council.

It seems to us that this “first type of worst-case…
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Markets Stumble After China Slashes Growth Target For 2015, Warns “Downward Pressure Growing”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

You wouldn't know it if you looked at the price of oil, but arguably the world's largest economy just unloaded a kitchen sink of fears, warnings, and downgrades on its economy; the most notable being:

  • *CHINA SETS 2015 GDP GROWTH TARGET AT ABOUT 7% (from 7.5% in 2014)

In a report to be delivered to the government tonight, Premier Li Keqiang warned China may face more economic difficulties in 2015 vs 2014 and downward economic pressure is still growing (despite Western 'analysts' proclaiming China fixed). The currency is weakening on the news and AsiaPac stocks are lower and as Chinese stocks open lower (despite hints at more easing), millions of newly minted "can't lose" Chinese investors begin to worry.

Among the most notable headlines:

  • *CHINA SETS 2015 GDP GROWTH TARGET AT ABOUT 7%
  • *CHINA TARGETS ABOUT 6% TRADE GROWTH IN 2015
  • *CHINA MAY FACE MORE ECONOMIC DIFFICULTIES IN 2015 VS 2014
  • *CHINA'S ECONOMIC DOWNWARD PRESSURE IS STILL GROWING: LI
  • *CHINA MONETARY POLICY MAY EASE FURTHER IN 2Q: CHEN YULU
  • *CHINA WILL BUILD ADDITIONAL 7.4M UNITS OF PUBLIC HOUSING
  • *CHINA TO EXPAND YUAN'S GLOBAL USE: LI KEQIANG WORK REPORT
  • *CHINA TO INCREASE TWO-WAY YUAN FLEXIBILITY
  • *NO NEED TO WIDEN TRADING BAND THIS YEAR, CHEN YULU SAYS

And the reaction…

The offshore Renminbi is 160 pips weaker than its early morning levels and gapped 50 pips weaker on the growth target cut…

Chinese Stocks are lower…

But can you spot the moment that the world's largest economy took an ax to its economic forecast for the year in the oil chart below?

*  *  *

Just two short weeks ago, one of Beijing's official mouthpieces printed a story which seems to have pre-empted much of this with a warning from no lesser person than Lu Lei, the head of the research bureau of the People's Bank of China, the central bank…. As ChinaDaily reports, strcutural adjustments may cause a liquidity squeeze…

The nation is paying a price for economic structural adjustment, reflected in commercial banks' surging nonperforming loans. To avert further risks, the People's Bank of China may take measures to control the expansion of debt.

Difficulties are increasing for the central bank to manage liquidity. The traditional measure of increasing money supply based on the


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US Ambassador To Cyprus Withdrawn After Diplomatic Blunder Involving Nemtsov Murder

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

US Ambassador to Cyprus, John Koenig, was forced to issue a clarifying statement on Monday, after a series of tweets on Sunday, about President Anastasiades’ recent Russia visit, sparked a hostile reaction from Anastasiades, the Archbishop, the political parties and journalists. As RedPillTimes reports, Koenig has been promptly "relieved of duty" after he posted on his Twitter account what was essentially a clever ploy to link Cyprus President Anastasiades (who recently visited Moscow) to the assassination of Boris Nemtsov. Anastasiades was furious, calling Koenig's tweet "exceedibly undiplomatic," adding that it "creates 'icy' bilateral relations."

As RedPillTimes reports, in the Twitter conversation…

…Ambassador Koenig even goes as far as accusing the Cypriot President of hanging out with ‘bad company’… in reference to Russia’s democratically elected and wildly popular President Vladimir Putin.

And Koenig also tried to imply that Putin was the mastermind behind the murder…

“I wouldn’t suggest Anastasiades is linked to Nemtsov assassination. Be real. But Putin could be.”

Of course Koenig is not a forensic expert, Moscow homicide detective, or even US Ambassador to Russia, but he still felt he needed to jump on the western media “Trash Russia” express train.

In a statement he issued on Monday, Koenig said

“My question on Twitter, ‘What do people in #Cyprus think about the week in Russia as seen from here? Anastasiades visit and statements, #Nemtsov assassination?’ was misunderstood”.

The US Embassy
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Market Shadows

Kimble Charts: Utilities

Kimble Charts: Utilities

By Ilene

Chris Kimble shared his chart of the Utilities Select Sector SPDR ETF, XLU, with us.

The one month performance inset shows XLU’s uninspiring performance compared to every other ETF on the list. However, the rather steep bullish falling wedge pattern says that it may be time for a bounce.

[Click on chart to enlarge]

Chris likes XLU for a short-term bounce off the 200 day moving average at $44. One way to play this setup is to buy the XLU outright. Chris suggests a 3% stop loss on the shares.

Another bullish play is to use options in a strategy designed by Phil:

1. Buy the XL...



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Zero Hedge

One Last Look At The Real Economy Before It Implodes - Part 1

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Brandon Smith via Alt-Market.com,

We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just as the Federal Reserve announced the end of QE3, indicating fiat money was used to hide falling demand), the Baltic Dry Index losing 30 percent since the beginning of the year, the Swiss currency surprise, the Greeks threatening EU exit (and now Greek citizens threatening violent protests with the new four-mo...



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Insider Scoop

Analysts On Dicks Sporting Goods: 'Pain Mostly Behind Us'

Courtesy of Benzinga.

Related DKS Benzinga's Top Downgrades Needham Downgrades Dick's Sporting Goods To Hold DICK's Sporting Q4 Earnings Beat on Growth Strategies - Analyst Blog (Zacks)

Dicks Sporting Goods Inc (NYSE: DKS) faces pressure from winter weather and a West Coast port slowdown, but troubles from its golf...



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Phil's Favorites

Ukraine Bans Gold Transactions Over $125, Currency Derivatives and Interbank Purchases Exceeding $10,000; Update on Black Market Rates in Ukraine

Courtesy of Mish.

Today the National Bank of Ukraine announced new capital controls on currency transactions. All Interbank Transactions Over $10,000 are Banned.
The national Bank of Ukraine has expanded the list of administrative restrictions for stabilization of the hryvnia, in particular, completely prohibiting the withdrawal of foreign dividends and limiting the purchase of foreign currency on the domestic markets.

Resolution No. 160 is effective from March 4, 2015 and is valid until June 3, 2015.

Previously, prohibitions did not target dividends on securities that are traded on stock exchanges.

The NBU has also introduced limits on the balance of banks' operations on the interbank ...



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Chart School

Close to an Inflection point for S&P

Courtesy of Declan.

A second day of losses brought markets closer to support, and a potential decision point.

The S&P tagged support at 2094 and the 20-day MA at 2090. Bulls will need to step up to the plate tomorrow if such key support is to hold. Lose 2093 and 2064 comes into play. Volume climbed today to register as distribution.


The Nasdaq was little changed. It was able to rally in late afternoon trading as it hugged the 10% envelope (relative to the 200-day MA.   The 20-day MA is looking like a logical next test, but if it was to do this, it would give up today's low without much question. Bulls need to be careful not to buy the dip too early. At least the inde...

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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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Sabrient

Sector Detector: Stocks break out again but may be running on fumes

Courtesy of Sabrient Systems and Gradient Analytics

Despite low trading volume, a strong dollar, mixed economic and earnings reports, paralyzing weather conditions throughout much of the U.S., and ominous global news events, stocks continue to march ever higher. The world remains on edge about potential Black Swan events from the likes of Russia, Greece, or ISIS (or lone wolf extremists). Moreover, the economic recovery of the U.S. may be feeling the pull of the proverbial ball-and-chain from the rest of the world’s economies. Nevertheless, awash in investable cash, global investors see few choices better than U.S. equities.

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 ...



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OpTrader

Swing trading portfolio - week of March 2nd, 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

MyCoin Exchange Disappears with Up To $387 Million, Reports Claim

Follow up from yesterday's Just the latest Bitcoin scam.

Hong Kong's MyCoin Disappears With Up To $387 Million, Reports Claim By  

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.

If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($129,000) each.

...



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Pharmboy

2015 - Biotech Fever

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

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's this week's Stock World Weekly.

Click here and sign in with your user name and password. 

 

...

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Option Review

SPX Call Spread Eyes Fresh Record Highs By Year End

Stocks got off to a rocky start on the first trading day in December, with the S&P 500 Index slipping just below 2050 on Monday. Based on one large bullish SPX options trade executed on Wednesday, however, such price action is not likely to break the trend of strong gains observed in the benchmark index since mid-October. It looks like one options market participant purchased 25,000 of the 31Dec’14 2105/2115 call spreads at a net premium of $2.70 each. The trade cost $6.75mm to put on, and represents the maximum potential loss on the position should the 2105 calls expire worthless at the end of December. The call spread could reap profits of as much as $7.30 per spread, or $18.25mm, in the event that the SPX ends the year above 2115. The index would need to rally 2.0% over the current level...



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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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