Guest View
User: Pass: | become a member
Archive for the ‘Appears on main page’ Category

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

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

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

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

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

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

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

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

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

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

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


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

U.S. Retail Sales Disappoint Again (Bloomberg)

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

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

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

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

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

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

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

 

Too Big To Fail

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

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


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Korea's Export Engine Slips into Reverse as Japan Steps on the Gas (Bloomberg)

South Korea’s much-vaunted export machine is losing steam as the won rises against the euro and the yen, undercutting sales in global markets.

That's in sharp contrast to Japan, where currency depreciation is giving a leg up to large manufacturers that ship their wares abroad. 

American Meritocracy Isn’t What It Used To Be, In Five Charts (Wall Street Journal)

Last week’s WSJ/NBC poll found that Americans, by more than two to one, are more worried about their ability to get ahead financially than they are about the widening income gap.

A new book by Robert Putnam, the Harvard University political scientist, delivers some detailed insights into what’s behind those worries. Mr. Putnam joins President Barack Obama and Arthur Brooks, president of the American Enterprise Institute, for a discussion on poverty at Georgetown University on Tuesday.

Owens-Illinois to buy Mexican glass container business for $2.15 billion (Market Watch)

Owens-Illinois Inc. has agreed to buy Vitro S.A.B. de C.V.’s food and beverage glass container business for $2.15 billion in cash, a move that will give Owens-Illinois a foothold in the Mexican glass-packaging market.

Vitro VITROA, +0.20%   is the largest supplier of glass containers in Mexico. The deal includes five plants in Mexico and one in Bolivia, with a total of 4,700 employees.

Euro Strengthens for Second Day as Region’s Growth Accelerates (Bloomberg)

The euro rose for a second day against the dollar as a report showed growth in the currency bloc expanded at the fastest pace in almost two years in the first quarter.

The 19-nation currency was about 1.4 percent from a 2 1/2-month high reached last week versus the greenback. While German gross domestic product data for the three months through March came in below economists’ estimates, a separate report showed France grew the most in almost two years in the same period.

European GDP Growth Trounces America In Q1, Biggest Rise In 4 Years; Greece Back In Recession (Zero Hedge)

While the US economy was crushed by harsh snow in Q1, with its GDP set to be


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Barack Obama sadSenate Democrats just snubbed Obama and blocked his Pacific trade bill (Business Insider)

Legislation giving U.S. President Barack Obama authority to speed trade deals through Congress failed a crucial procedural test on Tuesday, delaying a measure that may be key to President Barack Obama's diplomatic pivot to Asia.

In a setback to the White House trade agenda, the Senate voted 52-45 – eight votes short of the necessary 60 – to clear the way for debate on the legislation, which would allow a quick decision on granting the president so-called fast track authority to move trade deals quickly through Congress.

U.S. companies aren’t doing enough to battle the buck (Market Watch)

Lately, the buck has been the biggest bugaboo of U.S. corporations.

Many U.S. companies have blamed the strong dollar for eating into earnings — so consistently, in fact, that some have likened CEO’s griping about exchange rates to the ubiquitous laments about “bad weather” heard during last year’s first-quarter earnings season.

The US economy is prepared for liftoff (Business Insider)

The U.S. economy is once again underperforming expectations, as it has in the first quarter of the past five years. Yet despite the recent slowdown, the economy is ready for a Federal Reserve (Fed) interest rate hike.

BlackRock US EmploymentIndex

oil rig visit inspectThis has been the single biggest surprise of 2015 (Business Insider)

Energy companies have astonished investors with their first quarter earnings.

According to FactSet's Jonathan Butters, the energy sector currently has an earnings per share surprise rate of 28.7%, meaning companies are, in aggregate, beating earnings expectations by this amount.

This follows a quarter in which analysts cut their earnings expectations for energy companies by 50.3%, the largest decline since FactSet started tracking the data in 2002.

Greece Empties IMF Reserve Account To Pay IMF; Liquidity "Terribly Urgent" Says Finance Minister (Talk Market)

 Greece emptied an IMF holding account to repay 750 million euros ($840 million) due to the fund, a Greek central bank official said, avoiding default but underscoring the dire state of


continue reading





News You Can Use From Phil’s Stock World

Financial Markets and Economy

Verizon Communications to Buy AOL for $4.4 Billion (Bloomberg)

Verizon Communications Inc. agreed to buy AOL Inc. in a deal valued at $4.4 billion that intensifies the battle for advertising on mobile devices.

Verizon, the largest U.S. wireless provider, gets two of AOL’s technologies: its mobile streaming service, featuring live TV, original shows and pay-per-view, and its ability to automatically send targeted ads to mobile devices.

467429844 A FIN POL USA DCInflation worries have Treasury yields rising (USA Today)

The stock market might seem stalled, but there has been a lot going on in the bond market, where sinking prices recently have yields on a steady rise.

The 10-year Treasury note yield is creeping up, thanks to a domino effect of rising energy prices and growing expectations that inflation will tick up as well.

S&P 500: A Pause That Refreshes, Or Is the Top In? (Wall Street Examiner)

The current rally has reached extremes: more than three years above the neutral line of MACD and almost 500 points above the 200-week moving average.

People walk inside JP Morgan headquarters in New York, October 25, 2013.  REUTERS/Eduardo MunozBank parents or main units seen pleading guilty over FX: sources (Reuters)

The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter said.

A handful of banks will likely resolve forex-rigging investigations by the U.S. Justice Department as soon as this week: JPMorgan Chase & Co (JPM.N) Citigroup (C.N), British banks Royal Bank of Scotland (RBS.L) and Barclays (BARC.L) and Swiss bank UBS (UBSG.VX).

bank occupy protestBank execs held a secret meeting to prepare for anti-Wall Street talk in the 2016 presidential campaign (Business Insider)

Top executives from the biggest US banks, concerned about anti-Wall Street rhetoric that is already bubbling up on the 2016 campaign trail, are working to push back


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Hedge funds are miles ahead of small investors when it comes to one crucial piece of market data (Business Insider)

Hedge funds have a big leg up on individual investors in the stock market when it comes to short interest data.

That means information on whether or not people are shorting a company's stock – or betting that it will fall. It's one of the best indicators of performance for any security, but the exchanges usually report the numbers about two weeks late, reports Bloomberg's Sam Mamudi and Saijel Kishan.

America's future got $7 trillion worse since the financial crisis (Bloomberg)

Still feeling uncomfortable about that tax bill you owed last month? Think about it this way: If you didn't pay it, America's fiscal future would look even worse than it does now, six years out from the financial crisis.

Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent in 2012, the federal debt held by the public is expected to hit $40 trillion in 2035, according to calculations by the Committee for a Responsible Federal Budget based on Congressional Budget Office estimates. Back in 2009, soon after President Barack Obama took office, the forecast for the 2035 burden was at least $7 trillion lower.

Can Economists Measure Society's Self-Absorption? (The Atlantic)

Last month, Bank of America Merrill Lynch released the compellingly titled report, “Vanity Capital: The global bull market in narcissism,” which put a price tag on the amount spent globally on products and services that enhance appearance or prestige. That price tag is huge: $4.5 trillion, according to the report—larger than the fourth largest economy in the world, Germany’s, with its GDP of $3.7 trillion—and still growing.

The immediate question the report raises is whether it’s even possible to measure such a thing. The premise—to quantify the dollar value of all purchases worldwide motivated in some way by vanity—is a little nutty at its foundation. 

Firecracker explodingChina's stock bubble has gotten so outrageous this stock rose 10% after the company changed its name (Business…
continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Are The Lows In Place For Crude Oil? (Value Walk)

After a precipitous decline from June 2014 to late January, oil prices have been forming a base over the past few months. As the chart below indicates, oil prices have mostly been trading between $45 and $55 per barrel this year. The recent rise above $60 per barrel is raising hopes that the bottom could be in for crude oil.

Crude Oil

3d glasses movie audienceThere's been a stunning development in corporate America (Business Insider)

We may not see an earnings recession after all.

In a research note on Friday, FactSet's Jonathan Butters observed that earnings for S&P 500 companies were now on track to grow 0.1%, turning positive for the first time since January.

Drillinginfo CEO Allen GilmerAmerica’s Oil Drilling Boom Is Sputtering Back to Life (Bloomberg)

The oil boom isn’t dead after all.

For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and started drilling for crude once again. And then one returned to the Permian Basin, the nation’s biggest oil play, field services contractor Baker Hughes Inc. said Friday.

Study Confirms That Revolving Door Helps Produce “Alpha” (Value Walk)

A team of academics decided to take a close look at the so-called revolving door of Washington, that is, individuals moving from federal government positions into the private sector. The idea was to examine the relationship between senior government employees joining private sector firms and long-run stock returns.

Revolving Door Of Washington

Legal Marijuana Faces Another Federal Hurdle: Taxes (NY Times)

Money was pouring into Bruce Nassau’s five Colorado marijuana shops when his accountant called with the bad news: The 2014 tax season was approaching, and Mr. Nassau could not rely on the galaxy of deductions that other businesses use to reduce their tax bills. He was going to owe the Internal Revenue Service a small fortune.

“I had


continue reading





News You Can Use From Phil’s Stock World

 

Let's start the weekend reading off with some fun before we get serious. 

HUMOR

Jon Stewart sums up every NFL fan's true feelings about DeflateGate (SB Nation)

Jon Stewart devoted eight delightful minutes of television to laughing with Gronk and at Tom Brady before arriving joke that pretty much explains how we look at DeflateGate.

"And by the way, if you think for a second I wouldn’t have chastised you if you had committed these acts while in my team’s uniform …

"…You would be right."

 

Desperate Residents of Austin Completely Surrounded by Texas (The Borowitz Report, NewYorker)

AUSTIN (The Borowitz Report) – In a deepening humanitarian crisis, residents of the city of Austin report that they are completely surrounded by Texas, a situation that locals are calling “dire.”…

The city is hoping that the United States will use its military might to liberate the isolated municipality and transform it into an independent state along the lines of Kurdistan.

Financial Markets and Economy

U.S. Companies Are Spending Like Crazy And Still Have A Record $1.73 Trillion In Cash (Forbes)

Last year, Microsoft made headlines when it announced it was spending $2.5 billion on a gaming company halfway across the world in Sweden, in what was its largest acquisition to date under new CEO Satya Nadella.

moody's 1

House Flippers Are Back Together With Wall St. What Could Possibly Go Wrong? (Bloomberg)

Real estate buyers seeking money to renovate and flip U.S. houses are getting help from some of the world’s biggest investment firms.

Colony Capital Inc., Blackstone Group LP and Cerberus Capital Management are among the companies that have started making bridge loans to investors who buy homes to sell them quickly for a profit. Borrowing costs — traditionally the highest in residential lending — are tumbling as the firms compete for customers.

Jobs in
continue reading





How to Dress for a Rainy Day

Outside the Box: How to Dress for a Rainy Day

By John Mauldin

Valuations are quite high and could spur financial instability, Janet Yellen told us yesterday. The question on the lips of the attendees at my recent Strategic Investment Conference was how to hedge their portfolios in a world of increasing volatility. For the last two years, my associate Worth Wray and I have been examining ways to design core strategic portfolios that are both robust and insulated. The challenge is that designing portfolios using backward-looking tools in a world that will not look like the past is an endeavor fraught with peril.

To add to the challenge, bond markets have very little left to the upside; long-term stock market appreciation from today’s levels will be muted; and many alternative risk assets have been stretched in price as the potential for future gains is less than what we’ve been used to – and certainly less than what most institutional investors have projected. It is going to be very difficult for pension funds to make the 7½ to 8% annualized returns over the next 10 years that they need to make in order to be able to cover their future liabilities. Insurance companies, which are even more risk-averse, face severe limitations. A recent UBS report suggests that many European insurance companies could be bankrupt within 10 years due to negative rates in Europe. What to do? What to do? What to do?

This week’s Outside the Box deals with those very questions. It’s part of a series of analyses done by my friend Niels Jensen of Absolute Return Partners in London. (You can see more of his work at www.arpinvestments.com.) This one is called “How to dress for a rainy day” and deals with the Lollapalooza Effect, a term coined by Charlie Munger. (It’s the polar opposite of the Perfect Storm.) The letter is written in Niels’ usual entertaining and informative way.

I’m starting to recover from a very intense 48 hours of investment conference. I will write my “report” this weekend, covering not only the highlights of the various presentations but also my takeaways. Attendees who have been at five or more of our conferences (there are some who have been


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

U.S. Unemployment Falls to Lowest Level Since May 2008 (Bloomberg)

Payrolls rebounded in April following an even bigger setback a month earlier than previously estimated, a sign companies are confident the U.S. economy will reboot after stagnating early this year. The unemployment rate dropped to 5.4 percent.
The 223,000 net increase in employment followed an 85,000 gain in March that was the smallest since June 2012, figures from the Labor Department showed Friday in Washington. The jobless rate fell to the lowest since May 2008 as more Americans entered the labor force and found work. Average hourly earnings climbed less than forecast.

Do diverging monetary policies dictate a new market view? (QZ)

Lately, it seems, it’s every central bank for itself.

In embarking on an asset purchase program that will add more than €1 trillion ($1.13 trillion) to its balance sheet through September 2016, the European Central Bank (ECB) has committed to fighting deflation.

Jobless Claims in U.S. Hover Near Lowest Levels in 15 Years (Bloomberg)

Fewer Americans than forecast filed applications for unemployment benefits last week, dropping the average over the past month to the lowest in 15 years, indicating companies are holding on to workers.

dripping faucet water droplet drought liquidRosenberg: The number one issue in markets right now can be summed up in 2 words (Business Insider)

There is a "number one issue" that markets are worried about, says David Rosenberg.

"In two words: market liquidity."

In a note to clients, Rosenberg, chief economist and strategist at Gluskin Sheff, echoes a top concern of Allianz's Mohamed El-Erian, who said market liquidity is "one of the most under-appreciated risk factors facing most investors today."

China's Very High Mountain of Debt (Bloomberg)

China's debt mountain is casting a shadow over the world's second-largest economy.

Total debt has reached 282 percent of GDP, according to the McKinsey Global Institute. While other big economies aren't far behind, it's the pace of China's credit expansion that's worrying policy makers, spurring targeted stimulus strikes while trying to avoid a debt


continue reading





 
 
 

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...

more from David

Zero Hedge

Willem "Gold-Is-A-6000-Year-Bubble" Buiter Says A New Greek Currency "Would Be Rubbish"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Having shown his true colors in recent months by embarking not just on an anti-gold crusade, but more recently on an anti-cash mission, Citi's Willem Buiter has once again exposed his newly minted CFR status-quo-embracing status this morning. During an appearance on CNBC, Buiter notes that there would be "havoc" if Greece left the euro zone and adopted an alternative currency; but then he...



more from Tyler

Phil's Favorites

CPI Shows Sharply Rising Medical Costs; Huge Obamacare Hikes Planned

Courtesy of Mish.

The CPI came in exactly in line with the Bloomberg Consensus option today.




It's the details, not the overall number that is worrying. Medical care and rents have been rising rapidly.

The Fed likes to ignore food and energy costs. They have their chance to prove it.

From Bloomberg ...
Pull forward that rate hike is what some of the hawks are thinking after reading today's consumer price report where a benign looking headline, up only 0.1 percent in April, masks rising pressure through many components.

Excluding food and energy, core prices rose 0.3 percent which doe...



more from Ilene

Kimble Charting Solutions

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

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

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

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

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

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

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



more from Kimble C.S.

Chart School

Inflation: A Six-Month X-Ray View

Courtesy of Doug Short.

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation.

We can make some inferences about how inflation is impacting our personal expenses depending on our relative exposure to the individual components. Some of us have higher transportation costs, others medical costs, etc.

A conspicuous feature in the year-over-year table is the volatility in energy, significantly a result of gasoline prices, which is also reflected in Transportation.

Here is the same table with month-over-month numbers (not seasonally adjusted). The nose-dive in energy costs is clearly illustrated, ...



more from Chart School

Pharmboy

Big Pharma's Business Model is Changing

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

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

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



more from Pharmboy

Sabrient

Sector Detector: Bullish technical picture appears to trump cautious fundamentals

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

Courtesy of Sabrient Systems and Gradient Analytics

By Scott Martindale

Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a corrective selloff. However, bulls appear to be losing patience awaiting their next definitive catalyst, and the higher-likelihood upside move may now be underway. Yet despite the bullish technical picture, this week’s fundamentals-based Outlook rankings look even more defensive.

In this weekly update, I give ...



more from Sabrient

OpTrader

Swing trading portfolio - week of May 18th, 2015

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

 

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

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

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

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



more from OpTrader

Digital Currencies

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

 

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

By 

Excerpt:

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

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



more from Bitcoin

Market Shadows

Kimble Charts: US Dollar

Which way from here?

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

 

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

 

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



more from Paul

Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 

Since...



more from M.T.M.

Promotions

Watch the Phil Davis Special on Money Talk on BNN TV!

Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene

 

The replay is now available on BNN's website. For the three part series, click on the links below. 

Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...

more from Promotions

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!




FeedTheBull - Top Stock market and Finance Sites



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...

Learn more About Phil >>


As Seen On:




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.

Market Shadows >>