I am struck by several things over the last few days. First is how level-headed we all are as Greece and China develop. Second is how very helpful it is to see the different trading styles we have, partly because of personal preference and partly because of different stages of development and education. It's very helpful. Well-done, Phil, to have developed this community.
I don't post much, but I guess this morning has brought me out. This site has made me tens of thousands, every year since I have become a member. It took me nearly two years devoting 3 hours per day to get on the ball, and actually understand portion sizing, and which trades fit my personal trading style. Before that I spent at least two years working on Buffet style fundamental investing. (Intellegent Investor, Security Analysis, ect.). This site really will teach you amazing things if you just pay attention. Literally it has changed my day to day life, has allowed my family and I to move back to the U.S. from overseas with confidence even with a paycut at my day job, and literally put me in a different league financially. Seriously my life and my children's is better because of this site.
Brilliant covering of the arcane, the profane , but never the mundane!
Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.
Oil – thanks Phil,
got in late at 0.53 on the 38p today, set a sell for 0.75 and took the dog for a walk – 70% gain and more than enough $$ to buy dog food. TZA Aug 35/40 BCS – closed out for a 100% gain in under a month – thanks again for introducing me to these trades.
PSW AC Conf: For those who may be on the bubble, I attended my first PSW LV in November. It was a real eye-opener. What I accomplished in a couple of days of exposure to Phil, Pharm, Craig, et al made my previous couple of years of hanging around the web site seem silly. If you are inclined in the slightest, you really should go. Just rubbing shoulders with other PSW members proved to be really valuable. Strictly on the basis of value, it's a great deal. You will have real time conversations with Phil and the gang and they will get to your questions and agenda items.
USO, QQQ- Phil, thanks for these plays. Out of USO for about 65% gain today and just keeping 1/4 QQQ.
Nice call on the QQQ puts this morning Phil. I bought 10 at .13 this morning for fun day trade. Just closed at .95. Sweet hedge for the day!
Way to go Phil! Have I said how much I appreciate your site lately! Your ability to teach and your willingless to give others a forum to demonstrate their own skill sets makes your site remarkable. I got great help from you, jmm1951, and Iflantheman (special thanks!) today. Hell, if I have many more days like this I may even be able to sign up for a full year rather than doing it just quarterly. Tomorrow is another day but, fabulous job today!
hil, I hit my targets for the year in my 401K (thanks in no small part to your site), so I cashed out of all positions a couple of weeks ago. Feels good... I'm conservative with this money –looking for 2% per month, which i've been able to do… thx.
Once again, many muchos for the SODA trade of last week. Finally out of all three legs. I didn't want to wait for expiration tomorrow and the possible peg at $70.00, following your dictum to not get greedy.
PHIL: The most important lesson I have learned is how to hedge using SQQQ, SDS and TZA. A big thanks.
I have been trading for quite a few years and in good years made about 25%. After joining PSW, I followed closely the PSW strategy and my trading profit for this year is close to 70% to date. For fun, I like to mix in a few "Hail Mary" plays that really worked out well, but overall the simpler Buy/Write strategy, as presented by Phil so often, created the majority of the profit.
A truly great website with a lot of information for investors. Whether you are a novice, seasoned, or a professional there is a lot to be gained about stock options and options trading from this very informative website.
Personally I admire and respect you disciplined approach to investing. My style is at the extreme side of aggressive and I have to learn how to be less that way. If I yell " Let it Ride" at my house, no one says a word so I can't use that to temper my behavior. Phil has done a pretty good job of knocking some of my potential moves and as a result, I have increased my portfolio value by almost 25% since late July.
Its been a "perfect" month. Every stock I wrote calls against looks like it will be called away next week, every put I wrote will expire worthless. Thanks Phil, now I need some new buy/write candidates, or the new 100K portfolio….
Well I want to thank P. Davis for his style and for the fact that he affirmed my thoughts for a correction. He was right and his confirmation of my bias saved me thousands. Mr. Davis is amoral when it comes to money. He realizes the poor are screwed but we must fight to win. A measure of sarcasm and dark humour and it is great reading. 100% right on the correction.
Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.
I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears shed, and gnashing of dentures all over the world. Well. I have had several short DX contracts in the $78ish range during the last month and upon your two statements 1) don't be greedy, and 2) 76 could be a bottom, I yesterday put a buy GTC order to close my positions at 76 and for some inexplicable reason the DX spiked down after the close and now I can safely say that once again you have confirmed for me that you have been one of the best investment services I have yet to come across. Almost to the point that I'm beginning to think that maybe I'm completely wrong about my political stance as well. Almost. In any event, I wanted you to know that this has been my third execution based on your comments and recommendations that I have followed and this one has also worked to my advantage. My subscription fee has been more than justified for the next year and there's some left over to pay for my stay in Toronto this week, dinner at Joso's in the Yorkville section of town. If I smoked I'd have a Montecristo to salute you. Be well, stay well.
Phil – Not that you dont usually, but you have DEFINITELY earned your money this week. THe recommendations have been PERFECT. Selling into the initial excitement (MULTIPLE TIMES), hedges, everything. Im reading this when I get home from work and want to cry b/c I cant trade at work! I might have to start getting up at 3 AM though to catch those trades bc youre killing it then too! May you and yours have a blessed weekend!
WOW, look at DRYS go. Nice call on the entry the other week Phil. I got 200 at $6.66 and sold a 7.5 call for $.50, then on the tear today sold another 7.5 call for $1. This should puts me in at an average of $5.91 and called away at $7.5 for a profit of $300+ after commisions. Once again another Phil trade pays for this months membership.
GLD I took out my callers and rolled down my longs this morning, woo hoo!
Kudos on the POT puts! I studied the charts last night and you couldn't have hit the inflection points more perfectly. Since there are often many head fakes in the charts, that was very well done. I know they can't all work this well, but that was an extra unexpected bonus yesterday.
Phil - I celebrate today, having reached my goal for the year, trading in sync with your education and guidance, of 1 million in profit. I learned a lot, achieved much, and am profoundly grateful. To be honest, when I set the goal I thought it was daunting, as I have for many years been an investor in equities but did very little with options. Learning and doing has for me been a blast!
I reached my goal by following Phil's strategies - lots of Buy/Writes, covered calls on equities , naked put entries for income production. I did it with 2.5 mil and kept 600,000 in cash in case I got in trouble. I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in appreciation.
Gel1…..I've been here 6 months, mostly watching and learning. Lots of smart people on the site and I've learned a lot from Phil and many others. //// Inflan - I have to trump your sentiments regarding the wisdom of the board. I have to thank Phil and the many contruibutors for a 80% profit for 2009. I have learned a lot and am still learning ( even occasionally about political issues - ha! )
Iflantheman & Gel1
I would like to thank Phil and PSW crew for the insight and assistance (even the liberals).
In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.
Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect
AMZN ... thanks Phil; boy did they run a squeeze on everyone there ... made me sweat ... scaling helped! I think AMZN has an 85 handle tomorrow ... maybe lower.
Thanks for the USO directions today. Made it 3 times (up/down/up) for a very nice win.
By the way thank you Phil for the DNDN idea. 3x till this morning and will 4x my small investment by next OE THANKS !!!!
I have followed a lot of Phil's picks over the last several years and made money using the exact option strategies he outlines. Of all the contributors on SA, he offers the most actual and ready to implement advice that has put money in my account. Many of us on SA actually are sad when we don't see Phil's postings for an extended period.
As we’ve been monitoring all year, the total amount of gold allegedly “delivered” through the Comex has soared in 2016. This is simply another anecdotal datapoint of gold demand but the trend is certainly noteworthy, particularly when you see the numbers thus far in October.
We’ve already written about this trend several times this year. Our most recent article is linked below and I strongly encourage you to read this post as a refresher before you continue.
As noted in the post above, 2016 has seen a very unusual “delivery” pattern for gold on the Comex. Consistent with surging open interest and surging demand for gold in all its forms around the world, “deliveries” of gold through the Comex have increased as well. However, when you compare “deliveries” for 2016 versus 2015, you’ll notice that the divergence and increase didn’t really begin in earnest until June if this year. See below:
As you can see, for the first six months of 2015, the amount of Comex gold “deliveries” totaled 4,149 for 414,900 ounces or about 13 metric tonnes. Through May of 2016, total Comex gold “deliveries” were 9,683 for 968,300 or about 30 metric tonnes. As you can quickly do the math, this is over a 2X increase and certainly noteworthy on its own merit.
However, beginning with the “delivery month” of June, Comex gold “deliveries” began to explode at a startling pace. Check the charts above again and note the totals over the past four months. For the period June-September 2015, total Comex gold “deliveries” were 8,832 for 883,200 ounces or about 27.5 metric tonnes. For the same period this year, total Comex gold “deliveries” totaled 39,646 for 3,964,600 ounces or about 123.5 mts. This is about 4.5X times the
Because the viewpoint expressed here will be a controversial one not frequently expressed or encountered, links are provided in order to enable the reader quickly to access the documentation wherever a particular allegation might seem to be dubious on the basis of false assertions that any particular reader might have read elsewhere; but, otherwise, the links that are provided here are intended to be simply ignored, especially because so many of the allegations here are highly contentious and therefore require providing ready access to the documentation (and because no reader should waste his time to read documentation at a linked item that the reader already believes to be true):
The rape-allegations that have been raised recently against Donald Trump, turned the US Presidential contest so drastically, that a Hillary Clinton victory now appears to be all but certain. Morning Consult headlined on October 18th, “Donald Trump Has a Growing Problem With Men”, and reported: “Before the first debate, Trump led his Democratic counterpart, Hillary Clinton, by 8 points among men in a Morning Consult survey of likely voters. After the second debate and nine women making sexual assault allegations against Trump, those numbers have nearly flipped: Clinton now leads Trump among men by 6 points.”
That’s a 14% swing away from Trump, among half of the electorate, during a time-interval extending from 24 September to 15 October — 21 days — with only 22 days left until voting ends (hardly enough time to reverse that plunge and then to rise into the lead). Rape allegations couldn’t get Bill Clinton forced out of office, but they likely will force Hillary Clinton into office. Future historians might say that the biggest issue in the 2016 US Presidential contest was rape — more important to voters than the economy, the wars, the income-stagnation of the bottom 99%, trade-policy, criminal-justice reform, or any other public-policy issue. But, if this turns out to be so, then is America at all a functioning democracy? Might it instead be a sick society, whose values are so out-of-kilter, so plainly stupid, that it fits more the stereotype of a backward culture, than of a successful and forward-looking one?
Some of the issues that are actually at stake in this election — especially nuclear war — could quickly end all civilization as we know it; but the voters’ main issue seems instead to
“Global warming”? “Obamacare”? “Terrorism”? all rank in the Top 10 fears for Americans. While ‘creepy clowns’ are all the rage, according to the Chapman University Survey of American Fears, corruption of government officials is the top fear among U.S. adults this year.
This chart shows the % of Americans who reported being “afraid” or “very afraid” of the following…
Andy Duncan of FinLingo.com interviewed Claudio Grass, managing director of Global Gold in Switzerland. Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove.
A Looming Banking Crisis – Is a Perfect Storm About to Hit?
Andy Duncan: How do you see the current situation in banking particularly in Europe?
Claudio Grass: One interesting indicator is that today in certain countries not bankers are making the highest average salaries any longer , they have been replaced with government servants. Overall I would say it is bad, but that was predictable. The system and the assumptions the whole sector is operating under are just not sustainable, and printing money out of thin air does not create wealth; on the contrary, it is destroying capital.
All state interventions have backfired and current monetary policy with low / negative interest rates is putting insupportable pressure on the banks. Bad actors have been allowed to get away with reckless and catastrophic positions for too long. The history of bailouts has sent the message that such actions don’t really have consequences, and therefore my understanding is that moral hazard and risk linked to it have increased.
Andy Duncan: Do you think we ever actually got out of the 2008 crisis or do you think that this money printing and quantitative easing over the last eight years has just been keeping that crisis on ice? And is what we are seeing now just the crisis trying to reemerge again?
Consider the state of Nebraska. What comes to mind?
Common associations with the Cornhusker state include: row crops, silos, college football, Warren Buffet, and wholesome, earnest Americana.
Now try this one: Refugee Capital of the United States.
So far this year, the City of Omaha has settled over 900 people fleeing war, persecution, and disaster around the world. That may be a small figure relative to the estimated 21.3 million refugees worldwide (or relative to the population of Omaha, for that matter, which is roughly 434,000). But it’s still higher than the number of refugees resettled in Los Angeles and New York City combined.
That disproportionate hospitality extends across the entire state, where over 1,300 refugees have found new homes this year. That may not be much compared to the resettlement statistics in larger states, like California, Texas, and New York. But given Nebraska’s population of fewer than 2 million, on a per person basis, this makes the state the most welcoming of refugees in the nation. For every 100,000 residents, Nebraska resettled roughly 71 refugees in 2016. By the same measure, California welcomed fewer than 18.
If these figures don’t jibe with your understanding of where refugees live in the United States, that might be because you’ve been following this year’s presidential election. When Donald Trump claims that we “have no documentation” about the “Trojan horse” refugees who live in this country, and when Republican governors across the country insist that they will not abide Syrian refugees resettling within their borders, they not only raise suspicions about some of the world’s most vulnerable people, they fundamentally mischaracterize what may be the most complex human relocation system on the planet.
This is a system in which international, federal, and charitable organizations all work together to bring more refugees to the United States than any other country—and which places more of them in Boise, Idaho; Des Moines, Iowa; and Bowling Green, Kentucky; than in New York City.
How does this system work and how did we get to this point?
Somalis in the Buckeye State
If you’re looking to answer these questions, a good starting point might be Columbus, Ohio.
Over the last two decades, the city has become one of the most popular
Despite repeatedly bragging about all the good work the Clinton Foundation did to help Haiti recover from the devastating 2010 earthquake, at least one Haitian, former Senate President Bernard Sansaricq, thinks it was the Clintons, not the Hiatian people, who benefitted most from the Foundation’s “charitable work” in Haiti. Appearing on a radio show last week, Sansaricq offered a scathing assessment of the Clinton’s track record in Haiti saying they are “nothing but common thieves…and they should be in jail.” Per PJ Media:
Sandy Rios of American Family Radio interviewed former Haitian Senate President Bernard Sansaricq on Thursday, and the enraged Haitian had nothing good to say about the Clintons. He angrily claimed that they brought their “pay to play” politics to Haiti at the expense of the Haitian people.
Sansaricq said that the Clinton Foundation received 14.3 billion dollars in donation money to help with the relief effort. President Obama and UN Secretary General Ban Ki-moon put the Clinton Foundation in charge of the reconstruction, but Haiti has seen no help. The money all went to friends of Bill Clinton.
“They are nothing but common thieves,” the enraged Sansaricq told Rios. “And they should be in jail.”
As also highlighted in the movie “Clinton Cash,” Sansaricq argued that the Clinton’s did nothing more than bring their pay-to-play tactics to Haiti resulting in the enrichment of Clinton cronies, including Hillary’s brother Anthony Rodham, whose company was awarded a lucrative gold mining contract.
Sansaricq said although Bill Clinton was put in charge of the reconstruction, he did absolutely nothing but give contracts to his cronies and built a sweatshop next to a goldmine that was given to Hillary Clinton’s brother, Anthony Rodham, in violation of the Haitian constitution.
He said he could go on for hours about the Clinton Foundation’s destruction of the rice production in Haiti because they were importing rice from Clinton’s cronies in Arkansas. And rice is something Haiti could really use right now.
The Clintons also awarded the country’s only cell phone company to another crony, Denis O’Brien, using taxpayer dollars. O’Brien has made 265 million dollars, and a substantial portion of that has gone back to the Clinton Foundation.
The philanthropist George Soros recently published a letter in the Wall Street Journal entitled, ‘Why I’m Investing 500 million USD in Migrants’. In this article, I will be looking at that letter and separating what it means from what it appears to say.
Soros’ letter begins: “The world has been unsettled by a surge in forced migration. Tens of millions of people are on the move, fleeing their home countries in search of a better life abroad. Some are escaping civil war or an oppressive regime; others are forced out by extreme poverty, lured by the possibility of economic advancement for themselves and their families.”
This is quite true. And Soros should know since his think tank is fully on board with that “forced migration”. He has either initiated it or facilitated it and, according to Viktor Orban, Prime Minister of Hungary (which is presently holding a referendum on whether to accept migrant quotas as demanded by the EU), as quoted by Bloomberg: “His name is perhaps the strongest example of those who support anything that weakens nation states, they support everything that changes the traditional European lifestyle […] These activists who support immigrants inadvertently become part of this international human-smuggling network.”
Soros-backed activists are at the center of that network.
Soros continues: “Our collective failure to develop and implement effective policies to handle the increased flow has contributed greatly to human misery and political instability—both in countries people are fleeing and in the countries that host them, willingly or not. Migrants are often forced into lives of idle despair, while host countries fail to reap the proven benefit that greater integration could bring.”
I have touched on Soros’ psychological peculiarities elsewhere; his narcissistic traits notwithstanding, I shall assume he is not using the royal “we”. That granted, about whom is he speaking when he talks of “Our collective failure to develop and implement effective policies”? If about governments, we should remember that he is elected to no nation’s government, nor has he ever been.
That does not prevent him, however, from meddling in their internal affairs and supporting insurrections such as so-called Color Revolutions, including in Georgia and Ukraine, and whipping up chaos via BLM in the US.
This morning, Julian Assange offered a chilling and succinct assessment of the 2016 U.S. election, namely, that there is, in fact, no election but rather just an illusion of democracy that has been usurped by a corrupt political ruling class.
There is no US election. There is power consolidation. Rigged primary, rigged media and rigged ‘pied piper’ candidate drive consolidation.
Only half of Republicans would accept Clinton, the Democratic nominee, as their president. And if she wins, nearly 70 percent said it would be because of illegal voting or vote rigging, according to a Reuters/Ipsos poll released on Friday.
Conversely, seven out of 10 Democrats said they would accept a Trump victory and less than 50 percent would attribute it to illegal voting or vote rigging, the poll showed.
For example, nearly eight out of 10 Republicans are concerned about the accuracy of the final vote count. And though generally they believe they will be able to cast their ballot, only six out of 10 are confident their vote will be counted accurately.
Obviously, this data is fairly alarming, to say the least, but not terribly surprising in light of the staggering, systemic corruption recently exposed through WikiLeaks and the ongoing Congressional review of the FBI’s investigation into Hillary’s private email server…not mention DNC operatives openly talking about committing massive election fraud on undercover Project Veritas videos and working behind the scenes to incite violence at Republican rallies. For those of you who still haven’t seen the videos, they’re worth a look.
The following video takes a look behind the scenes of the DNC’s efforts to incite violence at Trump rallies:
And this one provides an excellent tutorial on how to commit voter fraud on a massive scale:
Given the exposure of mass corruption it should hardly be surprising that the “level of concern and mistrust in the system, especially among Republicans, is unprecedented,” as a professor at the University of New Mexico told Reuters, but apparently it is.
“Republicans are just more worried about everything than Democrats,” said Lonna Atkeson, a professor at the University of New Mexico and head of the Center for the Study of Voting, Elections,
Yesterday, when Philippine president Duterte finally took the plunge to announce his “separation” from the US (even if his government has backtracked somewhat today), he said that not only would he “realign” himself in China’s ideological flow but, in a nuance that was missed by many, said that “I will also go to Russia to talk to (President Vladimir) Putin and tell him that there are three of us against the world – China, Philippines and Russia. It’s the only way.”
To be sure, an offical axis between China, Russia and a nation that until recently was a core US ally in the Pacific Rim – whose loss would be a huge slap in the face of Obama and whoever replaced him as president – would be music to Putin’s ears, which is why just minutes after Philippine president announced his stunning separation from the US, Russia’s ambassador to the country promptly said Moscow is ready to provide assistance to and fully cooperate with Manila.
“Formulate your wish list. What kind of assistance do you expect from Russia and we will be ready to sit down with you and discuss what can and should be done,” Russian Ambassador Igor Khovaev told GMA News on Friday. He then went on to state that Russia is open to working with the Philippines in “any area, any field of possible cooperation.”
The ambassador assured the news outlet that Moscow would not “interfere with the domestic affairs of a sovereign state,” and that the “true Russia” is much different than the one portrayed in Hollywood films. Khovaev added that the Philippines and Russia “deserve to know each other much, much better.”
The aggresive, if diplomatic brownnosing continued, when the ambassador also said that Duterte impressed Russian Prime Minister Dmitry Medvedev during a meeting in Laos last month, and that Moscow supports the leader’s fight against illegal drugs and criminality. In short, he said everything that Durterte wanted to hear just to make sure the Chinese-Russian-Philippino axis takes hold.
For its part, the Philippines’ budget minister announced that his country is open to all forms of assistance, but will choose what is in the “best interest of the country,” Reuters reported. This could also include yet another U-turn, and prompt return to the safety of
After the first debate, numerous videos surfaced alleging that Hillary was using some sort of teleprompter built into her podium to assist with answering questions or to offset whatever medical condition she’s dealing with. The videos were largely dismissed as “cooky alt-right conspiracy theories” and didn’t get much attention outside of those spheres.
But, when similar abnormalities surfaced on Hillary’s podium in the third debate, combined with the fact that she spent an awkward amount of time during her answers peering down rather than at the camera, we grew a bit more curious.
With that said, here is a video analyzing the abnormalities from debate 1. Notice that around 18 seconds into this video one can very clearly see a light shut off on Hillary’s podium even though there is no such light at Trump’s podium.
But, you don’t have to take that guy’s word for it. Here is the actual debate footage from NBC...fast forward to the 1:38:30 mark at the very end of this video and you can see the exact same phenomenon.
And here is a screen capture from the end of the debate. Notice there is a light on Hillary’s podium while Trump’s is completely dark.
But where things get really interesting is that the exact same phenomenon occurred at debate 3 this week as pointed out by the following video posted by Anonymous.
Again, as you can see, there seems to be a light on Hillary’s podium…
…but none at Trump’s.
And here is one more angle…
And the two together…
But again, no need to take our word for it as you can simply scan through the full debate footage posted by USA Today and see the phenomenon for yourself. Also note that, at numerous points while answering questions throughout the debate, Hillary seems to be looking down at her podium for extended periods of time rather than at the camera…to the point that it was actually awkward for people watching the debate live.
Don’t believe it? In the following video, fast forward to the 42:25 mark and watch Hillary’s eyes as she responds to the question…where is she looking?
Now, recall that debate 2 was structured as a town hall discussion so this type of cheating
Andy Duncan of FinLingo.com interviewed Claudio Grass, managing director of Global Gold in Switzerland. Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove.
According to Morningstar, the average US equity manager, has underperformed the S&P 500 Index over the past one, three and five years. Given investors natural tendency to chase what’s working, and ditch what’s not, “the death of active management” is becoming a popular consensus sentiment.
Before writing off active management and jumping on the index fund bandwagon, investors would be well served to pause and reflect. Might this be a cyclical phenomenon? If so, when have we seen this in the past? And most importantly, how did it play out last time? Spoiler alert: yes, this is cyclical; yes, we have seen this in the past; no, it didn’t turn out so hot for overvalued indices overweighted in overvalued large caps.
At one point in time, actually for years, Bio-Tech (IBB) was a market leader. From the 2009 lows to 2015, IBB out gained the S&P by more than 250%. Since the summer of 2015, Bio Tech has remained a leader, a “downside leader!” IBB has lagged the S&P by over 35% in the past 15-months.
Is the downside leadership over for IBB? Below updates the pattern on IBB
The last few days have seen little movement in key markets. The one potential development to look to resolve tomorrow or Monday are rising wedges in certain markets. The advantage bulls have is that if markets can push above wedge highs (which are close), shorts will be squeezed in a buying scramble.
The S&P has a created a small, rising wedge off a larger rising wedge from September. The 20-day and 50-day MAs lend additional overhead resistance as does higher volume distribution for the index today (although the trading range for the day was very narrow).
A continuation of a Naybob of IT's Natterings from Part 1 and Part 2...
While many Christian churches expressed grief and offered free funeral services for the victims of the Orlando shooting, the fundamentalist Westboro Baptist Church held an anti-gay protest during the funeral of the victims.
But the Westboro Baptist Church's protest rally was blocked by about 200 people who formed a human barricade on the main street in downtown Orlando, ...
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
There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.
Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...
I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer. One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."
Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.
Genetic components are the DNA sequences that are 'inherited.' Some of these genes are stronger than others in their expression (e.g., eye color). Yet, some genes turn on or off due to external factors (environmental), and it is und...
Note: The material presented in this commentary is provided for
informational purposes only and is based upon information that is
considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW)
nor its affiliates
warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Site owned and operated by PSW Investments, LLC. Contact us at: 403 Central Avenue, Hawthorne, NJ 07506. Phone: (201) 743-8009. Email: email@example.com.