PSW – Price/Value; The value of PSW on a regular basis exceeds by far the price of the annual subscription. The edition of February 26 'Which Way Wednesday – Popping or Topping?', – priceless for the serious investor.
Phil I have been telling you for a while how I feel like I am really understanding you now and thanking you. Well today may have been my most successful futures trading day since I began here and the week has been spectacular! It has just seemed so easy when you give us a range and I execute properly. Thanks once again for teaching me to fish. My portfolio gained over 10% this week which is just amazing.
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.
Every time I read Mr. Davis' market analyses and reports about his super profitable trades I feel admiration mixed with envy for the overall brilliance of this man, intellectual and verbal, his extraordinary savvy in the exotic art of options and, last not least, his moral passion with which he writes, even if in passing, about the darker aspects of capitalism.
I have been a member of Phil's site for three years and counting, and my advice is that all investing takes time. There are o shortcuts, no secret way to riches. Same with Phil's site- you need time and patience to start benefitting fully from his advice. But it is often spot on and also very useful, especially to me as I try to keep a level head in this turbulent stock market environment.
Market manipulation…. One of the things I've gained from this site is the concept of market manipulation. I never thought it was so prevalent, but now I know it is. I actually consider its effect when I make trades. Several days ago, when AAPL was moving toward 220 I sold 210 calls. My reasoning was that they will probably pin this month at 210. They came in big time as the stock moved ever closer to 210. I agree with Phil's comment that one of the things we need to do is find out what they are manipulating, and how, and hitch a ride. They are doing this with several equities. I've actually seen one article describing several equities that were being manipulated to pin at expiration each month, and describing how it was done, and of course Phil has described it well. In some ways it's easier to figure this out than it is a ‘normal' market behavior, and thus easier to make money in certain equities.
The strategy you have laid out pretty much mirrors much of my trading activity. I also mix in some momentum plays and "drop dead" bargains that come across my radar. My YTD trading profit is 63%. Back in March when Phil said "unless you think the world is coming to an end, then NOW is the time to start taking positions in Buy/Writes with the VIX so high." I jumped in with both feet - ( thanks, again Phil)
I enjoy your informative materials, Phil... as it is obviously beneficial to so many "styles" of trading the markets... long term, swing or day trading the market moves.
As a longer term trader, I really like you long term calls, as I for one recognize the difficulty of calling these, because the further out you go in time, projecting price movement becomes more difficult.
I have to congratulate you for your accuracy... You called the March 2009 market upward reversal almost to the day, and the AAPL reversal to THE day. Only one who has been a student of the economy and the markets over a period of time could have done this, and so many other accurate calls. I'm sure it was difficult and consistent work, but it did pay off... thanks from one who benefited big time !
Sold out my AAPL mar95 calls. Up over 100% today on them!
You guys gotta give it to phil–the voice of reason yesterday, last nite and this morning.
I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable.
Phil does not baby people and certainly can't make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions.
Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.
Rookie IRA Investor
Phil, I wanted to thank you for all of your teaching, advice, and guidance. Because of you I don't chase, don't worry about missed chances, and play things much more selectively. Yesterday's /ES and /TF and today /CL are my first futures plays of the month. Thanks Phil. (Out of /TF and /ES yesterday with a nice gain)
Phil – great calls this past week, esp. friday and monday. in the old days I would have let Prechter et al scare me into trimming my longs and going short at just the wrong time. your feel for the markets is Tiger-esque. CHK, HOV, BX, TLT and XLF are big winners for me today. My biggest up day in a long time. Thanks!
/NKD- Kownichiwa Cowboy!! One week of patience and scaling in and out pays off. This is a testament to Phil's fundamental analysis with the PSW technique. Thanks Phil.
Phil- I am a former portfolio manager and now retired. I have been following you for about six months and I now know why you have so many followers you are very insightful and knowledgeable.
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.
You may wonder if anyone gets anything out of you seminars (or may not wonder). Anyway, I almost never day trade because of my job. Today, I was home due to the snow and since I was behind by 2 weeks on watching your recorded seminars I though I would watch one of them. I set up my pivot point charts in TOS to match the ones in your seminar and made the QQQ trade from this morning. I only bought 5 puts. While I watched the seminar, I would pause then switch back and forth and watch the live QQQ chart. I ended up stopping out for a $170 gain, but it was pretty cool to have the dip and recovery at the same time I was learning the art of stopping out when a pivot line was taken out.
Cory Booker for President. :) . Thanks for all the good futures guidance Phil! Having one of my best months yet. Account is up 75% YTD!
Thanks Phil, your note at the close was responsible for making those silly GOOG sellers pay for my NYC sojourn, nice!!
On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.
I am an Economist at Harvard and some of my colleagues and I would like to let you know that we follow your posts on SA, and find your analysis refreshing, rigorous, and acute. Great work! Though many of us (including myself) have our work covered in the Wall St Journal, in many ways your macro commentary is more fearless and accurate than what is generally found in that venerable publication.
I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future.
Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.
Great call on expe Phil! Went long 50 shares and sold for a nice profit! And Great call on the nkd shorts as well. I didn't use a stop that tight and was able to cover for a $400 gain. Works been keeping me pretty busy and I'm jealous of all the members who are able to check in here more often! It's almost always quite profitable! Looking forward to Vegas!
GMCR – Just bought back my Jan $90 callers on GMCR for a nice $10,000 gain. Thanks for the recommendation Phil! It was nice to cash in on a momo.
Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, you've been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your ‘buy oil if you're brave'recommendation. It's nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!
Joined last year and and started profitably trading options thanks to everything I have learned here. THANK YOU!!
Phil, you are the man. My positions in ABX and CLF are up massively this year, and doing very nicely with USO and UNG. TSR is another winner. Just waiting for the TSLA short now!
Rookie IRA Investor
Boring trading – Phil/ Thanks to PSW, my yearly covered-writes are on pace for 15%. Add the long puts and well over 20%… and I look at it once a day and never lose sleep over it. Actually doing better than my trading account at this point (Thanks, summer 2013)
Anyway, the point is that anyone with enough money would be wise to do the 20% – 40% stuff and do trading as a hobby…
Phil, i wanted to thank you again for helping me protect future stock allocations at work - finally, i feel like i am owning my own destiny with stocks vs. letting the market dictate what you get – thanks again.
Over the past several months President Trump has called out pretty much every major auto OEM for their efforts to move low-skilled assembly jobs to Mexico. But absent new tariffs, it's not terribly surprising to most people that American companies would seek to move low-skilled, labor-intensive jobs to lower cost labor markets…the math is pretty simple.
But what is somewhat surprising is how poorly the U.S. is performing versus international competition in the development of advanced manufacturing robotics. As the Wall Street Journal points out this morning, when it comes to automating a manufacturing floor, buying robotics 'Made in America' isn't even an option.
Vickers Engineering Inc. embodies the potential of American manufacturing. The New Troy, Mich., machining company supplies precision parts to clients including Toyota Motor Corp. and Volkswagen AG , and exports to Mexico and Canada. Its staff has risen fivefold and average pay has doubled over the past decade, says Chief Executive Matt Tyler.
What’s helping to power Vickers’s made-in-America success? Advanced Japanese and German factory equipment. When Vickers first bought industrial robots in 2006, it chose between only European and Japanese models, says Mr. Tyler, and has been adding Japanese robots ever since. “We were not aware of any American-made option.”
America is losing the battle to supply the kind of cutting-edge production machinery that is powering the new automated factory floor, from digital machine tools to complex packaging systems and robotic arms.
Commerce Department data show the U.S. last year ran a trade deficit of $4.1 billion in advanced “flexible manufacturing” goods with Japan, the European Union and Switzerland, which lead the industry. That is double the 2003 deficit. It was down from $7 billion in 2001, but much of the decline came from foreign equipment suppliers expanding in the U.S., not from an American comeback.
Meanwhile, U.S. firms are also losing market share at home, according to Germany’s VDMA industrial-machinery trade group. In 1995, they satisfied 81% of domestic demand for factory equipment. In 2015, the most-recent data, that had slipped to 63%.
And while the U.S. lags, China is looking to make aggressive moves
If a financial advisor could just accomplish one thing for clients – help them capture more of the returns that their own investments offer, then he or she has done something extremely worthy and valuable. This requires difficult work though: It’s easier to promise a client that they’ll be able to avoid drawdowns than it is to convince a client why they must learn to tolerate them. Every advisor’s client yearns to be able to say “My guy got me out” at the country club.
Steve Russolillo looks at the well-known phenomenon in which investors systematically underperform their own investments by acting emotionally, over-trading and making poor timing decisions.
Via Wall Street Journal:
Consider a long-running study of investor returns by Dalbar, a financial-research firm in Boston. It found the average investor in U.S. stock mutual funds lost 2.3% in 2015, whereas the S&P 500 was slightly positive that year, including dividends. Dalbar, which has published this study each year since 1994, plans to release an updated version this week.
And 2015 wasn’t an anomaly. The gap between investors’ returns and the market’s performance is even wider over a longer time horizon. Equity-fund investors earned just 3.7% annually over the past 30 years through 2015 compared with a 10.4% annual return for the S&P 500.
The gaps between blue and green in the chart above are abominable. Critics will say that the Dalbar study has flaws and that the calculations overstate the problems. Anecdotally, I disagree. We see investor portfolios every week coming in over the transom at my shop and I am never not surprised by what goes on out there.
The brokerages don’t care if this happens – and, in fact, some of them actively encourage it given the fact that they get paid on the trading you do, and not the sitting. Volatility avoidance is what crushes long-term returns, which is very counterintuitive. Vol is not the enemy because it causes fluctuation – rather, it is the enemy because it drives bad decisions.
There might always be a gap between the performance available and the performance an individual receives,
I'll bet those hedges are looking better and better every day now, right? Now that the enthusiastic GOP investors have learned their first (of many) political lessons of the Trump Error (and we had plenty under Obama when we had both houses), we'll see how their enthusiasm for the market holds up because, as we've noted before – there is/was a huge disparity between economic optimism of Republicans and Democrats and, if the Republicans begin to doubt to the Power of Trump – all those confidence numbers can drop like a rock tied to a bigger rock.
Even as I write this we're getting mail from people trying to explain gravity to us. Yes, we get it, it was an expression! On the other hand, a lot of the basics need to be explained to the Trump camp and their supporters if they are going to get anything other than executive orders passed this term (however long that lasts). The Futures, meanwhile, are following through to the downside this morning and we ran our 5% Rule through the Charts in this morning's Alert to our Members. Here are the Dow notes as an example:
So Dow 21,000 less 5% is 19,950 and 2.5% is 20,475 so we'll look for that for support and the 525 drop we can call 20,500 the line that matters with 100-point bounces to 20,600 and 20,700 but I'd start shorting at 20,600 – if we even make that. Worse would be failing to retake 20,500 – then it's almost a certainty we drop another 500.
This is happening despite us being wrong about the Dollar on Friday morning, as 99.50 did not hold and we are now at 98.90, which is down $700 per contract (/DX) at the moment but I still have faith but, if I'm right, that will be bad news for the indexes as the weak Dollar is the only thing keeping them from those 5% corrections that we think are inevitable at this point (so you may was well lay back and enjoy it – hat tip…
Once upon a time, there were presidents for whom English seemed their native language. Barack Obama most recently. He deliberated. At a press conference or in an interview — just about whenever he wasn’t speaking from a text — his pauses were as common as other people’s “uh’s.” He was not pausing because his vocabulary was impoverished. He was pausing to put words into sequence. He was putting phrases together with care, word by word, trying out words before uttering them, checking to feel out what they would sound like once uttered. It was important to him because he did not want to be misunderstood. President Obama valued precision, in no small part because he knew he lived in a world where every last presidential word was a speech act, a declaration with consequence, so that the very statement that the sky was blue, say, would be scoured for evidence that the president was declaring a policy on the nature of nature.
That was then. Now we have a president who, when he speaks, spatters the air with unfinished chunks, many of which do not qualify as sentences, and which do not follow from previous chunks. He does not release words into a stream of consciousness but into a heap. He heaps words on top of words, to overwhelm meaning with vague gestures. He does not think, he lurches.
Here are some examples from TIME’s transcript of their cover story made out of their phone interview with the president of the United States. I have italicized the non sequiturs, incomplete propositions, indefinite pronouns and other obscurities that amount to verbal mud.
Scherer: So you don’t feel like Comey’s testimony in any way takes away from the credibility of the tweets you put out, even with the quotes?
Trump: No, I have, look. I have articles saying it happened. But you have to take a look at what they, they just went out at a news conference.
On March 25, European Union leaders celebrate the 60th anniversary of their founding treaty, a central pillar of the structure set up in the aftermath of World War II to solidify peace, prosperity and partnership in Europe.
Over the last 60 years, the EU (and its predecessors) has served as an essential U.S. partner: for example, by enhancing economic opportunity for U.S. companies in Europe and increasingly supplying vital foreign assistance and diplomatic support to help solve international problems. Indeed, if the EU did not already exist, the United States would be looking to invent something like it to help preserve peace and generate prosperity on a continent that suffered through two devastating world wars.
More recently, however, the EU has faced a variety of existential threats as the euro crisis rattled its members’ financial well-being, economic growth slowed, U.K. voters opted to leave the union and “euroskeptics” in countries like France and the Netherlands use criticism of Brussels to contest elections. And even in the U.S., some reacted to Brexit with cheers.
The bottom line – based on our many year of experience as diplomats, policymakers and researchers on transatlantic issues – is that the U.S. needs a strong economic and political partnership with Europe to advance its own economic well-being and address vexing international and regional issues. Such a partnership would be enormously more difficult to maintain without the EU’s single voice, something Washington would be wise to remember.
Ensuring peace and prosperity
As it happens, the EU might not even exist today if it wasn’t for the United States and its efforts to rebuild Europe – via the Marshall Plan – and stop the spread of Communism following World War II.
Seventy years ago, U.S. Secretary of State George Marshall, U.S. President Harry Truman and members of Congress – Republicans and Democrats alike – agreed that the way to ensure peace and prosperity in Europe was for Europeans to…
“Speaking of low volatility, the market has now gone 108-trading days without a drop of 1% for both the Dow and the S&P 500. This is the longest stretch since September of 1993 for the Dow and December of 1995 for the S&P 500.
The issue becomes, of course, which way the market breaks when volatility returns to the market. Over the course of the last three years, in particular, those breaks have been to the downside as shown below.”
“Given the particularly extreme overbought condition that currently exists, the strongest odds suggest the next pickup in volatility will be in the form of a corrective action to reverse some of that condition.”
Of course, on Tuesday afternoon that long streak of complacency came to an end as all major U.S. markets tumbled by more than 1% by the close.
While such an event has been expected, it still seemed to catch investors by surprise. Of course, given such a long period of upwardly trending prices with exceptionally low volatility, investors had been lulled into very high levels of complacency. The media had also fallen into the trap, as noted by the graphic above, suggesting the one-day correction had been a major mean reverting event.
As shown in the chart above, updated through Thursday, all indicators remain extremely overbought. While the markets may indeed rally into Friday’s close, it is quite likely the correction that began on Tuesday is not complete as of yet.
Furthermore, after such a long period of low volatility, the sharp decline in asset prices is one day FELT much worse than it actually was.
This is the important, and often missed point about “passive indexing.”
While a 10% decline in the market certainly does SOUND that bad, with a 2000 point loss on the Dow, or a 230 point loss on the S&P 500, FEELS entirely different. This is where investors start making emotionally bad investment decisions where “passive investing” ultimately becomes “panic selling.”
It is the “lack of perspective” by investors that eventually lead them into the myriad of investment mistakes which destroys investment capital.
As noted by the GOP leadership: "There is no Plan B" to the TrumpDon'tCare Act. Either the GOP guts health care and takes insurance away from 24M Americans and begins to defund Medicaid or, as Trump now states "Obmacare Stays." I know – WTF? Is it possible that the GOP has purposely put forth an unpassable bill BECAUSE they realize Obmacare is too good to kill?
Keep in mind this is just the House Vote on Health Care, which was supposed to be easy, the Senate vote is next and the changes they made in the bill could cause it to fail simply under the parliamentary rules (because they changed it to a simple majority, which caused other rules to kick in).
If 3 GOP Senators defect, the Bill dies and, even if it passes, the Dems can tie it up in court for a long time. Since they have a 44 vote advantage in the House (10%) and can't get them in line, it's reasonable to assume they are going to have trouble with at least 5 Senators and Senators have to Represent whole states – this is a suicide mission for Republican Senators from Democratic states. It's very possible this battle will cost the GOP the Senate next year and the Senate gets to do all those fun investigations. So that's the upside on the Bill – the downside is TOTAL CHAOS!
Of course, that may be exactly what the White House wanted because, clearly, they did not have a real Health Care plan but, much more importantly, you forgot all about Trump's false accusations that Obama tapped his phone and, even though Devin Nunes jumped on a grenade for Trump and tried to convince the American People that mentions of the Trump team in some investigations justified Trump's paranioa (destroying his own reputation in the process) - no one really fell for it but, suddenly, Health Care distracted us – how convenient!
00:02:17 Checking on the Markets
00:07:22 TSLA & AMZN
00:08:24 S&P 500
00:12:12 Nasdaq 100
00:13:32 Russell 2000
00:15:11 Trade Ideas
00:16:01 SDS Trade Ideas
00:19:11 The age you peak at everything
00:27:04 Top Trades
00:29:21 Long-Term Portfolio
00:32:08 M Trade Ideas
00:36:25 Short-Term Portfolio
00:42:21 Trade Ideas
00:51:03 USO Charts
00:52:57 Active Trader
00:58:05 Crude Oil Brent
01:12:26 Petroleum Status Report
01:20:42 More Trade Ideas
01:29:48 Active Trader
01:30:50 Russell 2000
01:39:13 5% Portfolio
01:51:48 More Trade Ideas
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars, here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – join us at PSW — click here!
If the TrumpDon'tCare Plan is approved (the CBO says it can no longer be called a health plan since the overall goal is to kill as many people as possible), then Trump's agenda is winning and the markets could leg higher. If, on the other hand, the GOP revolts against The Donald, all Hell could break loose so ignore the politics if you want to but we're paying very close attention!
Interestingly, the main GOP objection to TrumpDon'tCare is that it still cared about forcing Health Insurance Companies to provide minimum benefits to their customers. That has now been removed by the White House and now the Insurance Companies don't have to do anything for anyone at any time – isn't that great? As noted by Politico, however:
While altering the coverage requirements could help win over the Freedom Caucus members, it could drive away moderates — another coalition that House leaders need to build upon in the final 24 hours before the planned vote on Thursday. House leaders are still short of the 215 votes they need.
It's going to be hard to bridge the gap because the bill still is not Draconian enough for the "Freedom Caucus":
Freedom Caucus members, led by Meadows, want at least some parts of Title One of the bill removed. Included in Title One are many of the Affordable Care Act's benefits, like a prohibition on insurers denying coverage over pre-existing conditions and a prohibition on lifetime and annual limits.
That's right, your pre-existing conditions can now stop you from getting coverage and, even if you are covered, there can be a cap – so don't get too sick or you'll be on your own! Aside from leading to a great unwinding in the Health Care, Pharma and Biotech sectors, TrumpDon'tCare will put a huge burden on the bottom 99% and eat into their disposable income…
You and I are both rational beings who let facts drive our thinking, but it seems our fellow humans are not so thoughtful. Or at least that’s what the research says. It turns out that behavioral psychologists have been undermining the bastions of human reasonability for decades, starting with some nefarious characters in the Stanford University psych department back in the ’70s, whose devilishly clever experiments were then taken a frightening step further at that equally suspect institution over on the other coast: Harvard. Don’t these mental types have anything better to do than conclusively prove that nobody (but you and I) can think straight?
Apparently not. And then the Harvard guys had the temerity to suggest that the human race’s muddleheadedness goes allllllll the way back to the time we spent trotting around on the African savannah. Remember that? Lotsa fun – if you didn’t get chewed up by a pack of hyenas or run down by a herd of water buffalos. You see, we weren’t just sitting out there on the plain playing checkers or debating the finer points of Cartesian philosophy. No, we were hanging on by the skin of our teeth – even as our teeth got smaller so our brains could get bigger. But it turns out that the most significant way our brains got bigger – and the main reason we survived and evolved into the total media animals we are today – was that we figured out how to cooperate.
Or at least that’s what the Harvard guys say. Their argument runs more or less like this:
It’s quite frustrating … when you think about it. But I guess it’s better to face the truth about ourselves than to go along blindly, always wondering over the irrational hijinks our fellow two-leggeds are forever getting up to.
The whole sordid – but not entirely unhopeful – story is laid out by Elizabeth Kolbert in a piece titled “Why Facts Don’t Change Our Minds,” in – you guessed it – The New Yorker … yes, the only rag in the greater English-speaking world that insists
Yesterday, 60 Minutes aired a segment on “fake news,” which featured correspondent Scott Pelley interviewing several guests as per their typical style. Regarding the guests, it was shocking to see Mike Cernovich of ...
By Confluence Investment Management. Originally published at ValueWalk.
February 12th was the 100-year anniversary of the Russian Revolution. Surprisingly, the Kremlin has taken a very low-key stance on the centenary. We believe the government’s decision to downplay this historical event offers an insight into Russian President Putin’s thinking.
In this report, we will present a history of the Russian Revolution, showing how civil order deteriorated in the years after 1917. We will offer observations of how the Kremlin’s treatment of the revolution reflect...
Over the past several months President Trump has called out pretty much every major auto OEM for their efforts to move low-skilled assembly jobs to Mexico. But absent new tariffs, it's not terribly surprising to most people that American companies would seek to move low-skilled, labor-intensive jobs to lower cost labor markets...the math is pretty simple.
But what is somewhat surprising is how poorly the U.S. is performing versus international competition in the development of advanced manufacturing robotics. As the Wall Street Journal points out this morning, when it comes to automating a manufacturing floor, buying robotics 'Made in Ame...
The damage was done premarket and value buyers were quick to take advantage. The index which benefited the most was the Nasdaq. It started today just above the 50-day MA and rallied off that. Volume wasn't great and the technical picture didn't really improve, but action like today's can prove to be a good starting point for a swing low.
Despite the gain in the Nasdaq, Breadth metrics are weakening but are neither overbought nor oversold. The next strong swing low will likely take a tag of the light green ...
Investors on Monday further unwound trades initiated in November resting on the idea that the election of Donald Trump and a Republican Congress meant smooth passage of an agenda that featured business-friendly tax cuts and regulatory changes.
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Since the summer of 2016, stocks have done very well and bonds have been thumped, as rates have risen sharply. Is it time for these trends to take a break? Below compares the performance of the S&P 500, with the popular bond ETF TLT over the past 9-months.
CLICK ON CHART TO ENLARGE
The performance spread between stocks and bonds over the past 9-months is a big one! Rare to see the spread between the two...
Having rebounded rapidly from the ETF-decision disappointment, Bitcoin suffered another major setback overnight as Chinese regulators are circulating new guidelines that, if enacted, would require exchanges to verify the identity of clients and adhere to banking regulations.
A New York startup called Chainalysis estimated that roughly $2 billion of bitcoin moved out of China in 2016.
As The Wall Street Journal reports, the move to regulate bitcoin exchanges brings assurance that Chinese authorities will tolerate some level of trading, after months of uncertainty. A draft of the guidelines also indicates th...
ISPs will soon be able to sell your most private data without your consent.
As expected, Republicans in Congress have begun the process of rolling back the FCC's broadband privacy rules which prevent excessive surveillance. Arizona Republican Jeff Flake introduced a resolution to scrub the rules, using Congress' powers to invalidate recently-approved federal regulations. Reuters reports that the move has broad support, with 34 other names throwing their weight behind the res...
Phil has a chapter in a newly-released eBook that we think you’ll enjoy.
In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.
This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.
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.
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