Archive for the ‘Immediately available to public’ Category

Why The Bulls Will Get Slaughtered

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by David Stockman via Contra Corner blog,

Well, they got that right. Detecting that “parts of the U.S. jobs report for January seem fishy”, MarketWatch offered this pictorial summary:


Needless to say, none of that stink was detected by Steve Liesman and his band of Jobs Friday half-wits who bloviate on bubblevision after each release. This time the BLS report actually showed the US economy lost 2.989 million jobs between December and January. Yet Moody’s Keynesian pitchman, Mark Zandi described it as “perfect”

Yes, the BLS always uses a big seasonal adjustment (SA) in January – so that’s how they got the positive headline number. But the point is that the seasonal adjustment factor for the month is so huge that the resulting month-over-month delta is inherently just plain noise.

To wit, the seasonal adjustment factor for the month was 2.165 million. That means the headline jobs gain of 151k reported on Friday amounted to only 7% of the adjustment amount!

Any economist with a modicum of common sense would recognize that even a tiny change in the seasonal adjustment factor would mean a giant variance in the headline figure. So the January SA jobs number cannot possibly reveal any kind of trend whatsoever—-good, bad or indifferent.

But that didn’t stop Beth Ann Bovino, US chief economist at Standard & Poor’s Rating Services, from dispatching the usual all is swell hopium:

“Today’s numbers are about momentum, so while 151,000 new jobs in January is below expectations and off pace from prior months, the data shows America’s recovery is continuing.

Amid all the global economic turmoil and domestic market gyrations, positive job growth, the drop in the unemployment rate to 4.9%, and the uptick in wages show the U.S. is heading in the right direction.”

Actually, it proves none of those things. For one thing, the January NSA (non-seasonally adjusted) job loss this year of just under 3 million was 173,000 bigger than last January—-suggesting that things are getting worse, not better. In fact, this was the largest January job decline since the 3.69 million job loss in January 2009 during the very bottom months of the Great Recession.

So are we really “heading in the right direction” as claimed by Bovino, Zandi and the rest of the Cool-Aid crowd?

Well, just consider two alternative seasonal adjustment factors for January that have been used by the BLS in the last five years. Had they used the January 2013 adjustment factor this time, the headline gain would have been 171,000 jobs; and had…
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“Folly For The Ages”: After Buying Back 63 Million Shares At $83, Hess Just Sold 25 Million Shares At $39

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Having long mocked the sheer idiocy of using organic cash or worse, debt proceeds, to fund buybacks just so management can eek out a few more million in equity-linked compensation while activists enjoy a few extra points in P&L on the back of naive bondholders managing ‘other people’s money’, we were delighted to see the buyback bubble begin to burst in the middle of 2015 starting with Michael Kors (as detailed in “When Stock Buybacks Go Horribly Wrong“) and Monsanto (“When Buybacks Fail…”), when each respective stock plunged far below the average buyback price.

But nothing compares to what Hess did yesterday.

A quick recap: back in 2013, when it was trading at a discount to its peers, Hess became the target of an activist campaign led by Paul Singer’s Elliott Management who demanded a quick boost in the stock price, as a result of which the energy producer decided to exit its refining business (arguably the only line of business that would have benefited from the current depressed oil price) while not only raising its dividend but also authorizing a $4 billion share buyback.

The company then boosted its buyback further with proceeds from the sale of its retail gas stations (for $2.9 billion) while growing its debt by $1 billion from 2013 to 2015, leading to the repurchase of a total of 62.7 million shares through the end of 2014 at an average price of $83.

The stock price reacted as expected: it soared past $100 from below $60 before Elliott turned up. It then continued to spend more billions under additional buyback all the way through the third quarter of 2015, which however took place just as the worst oil downturn in history was taking place. The full history of Hess’ stock buybacks is shown below.

And then the stock crashed, as investors finally realized that plunging oil, sliding cash flow and surging debt meant the company found itself in a life and death fight for survival.

Which brings us to yesterday, when in an attempt to shore up liquidity and avoid halting its dividend, Hess sold 25 million shares at a price of $39/share: a 10% discount to the prior closing price.

As Reuters puts it, the “Hess folly is one for the
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“They’ll Return To Their Countries In A Wooden Coffin”: Iran, Syria Warn Saudis, Turks Against Ground Troops

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Two days ago, a Saudi military spokesperson told AP that the kingdom is ready to send ground troops to Syria “to fight ISIS.”

That served as confirmation of what we’ve been saying for months and represented an affirmative answer to the following question that we posed in December: “Did Saudi Arabia just clear the way for an invasion of Syria?

Four months ago, we previewed the “promised” battle for Aleppo, Syria’s second largest city, which is controlled by a mishmash of rebels and is one of the hardest hit urban centers in Syria. In October, Iran called up Shiite militias from Iraq, rallied thousands of Hezbollah troops, and coordinated with the Russian air force on the way to planning an assault on the city. Victory would mean effectively restoring Assad’s grip on power. So important was the battle, that Iran sent Quds commander Qassem Soleimani to the frontlines to spearhead a kind of pep rally prior to the assault.

Fast forward four months and Russia, Iran, and Hezbollah are on the verge of routing the Syrian opposition. After an arduous push north from Russia’s air field in Latakia, Aleppo is now encircled. Rebels and terrorists alike (assuming there’s a difference) are cut off from their supply lines in Turkey and Moscow’s warplanes are bearing down. Tens of thousands of people are fleeing the city ahead of what promises to be a truly epic battle.

Put simply: this is it. It’s almost over for the opposition.

That’s not to say ISIS isn’t still operating in the east. That, as we’ve said on a number of occasions, is another fight.

But the “moderate” opposition backed by the West and its regional allies is on the ropes. That’s why Saudi Arabia is floating the ground troop trial balloon. It has nothing to do with Islamic State and everything to do with making a last ditch effort to keep arch rival Iran from restoring the Alawite government in Damascus on the way to preserving the Shiite crescent and the supply line to Hezbollah in neighboring Lebanon.

Now, it’s do or die time. Either the Saudis and the Turks invade or it’s all over for the rebels.

And Iran knows it.

I think Saudi
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Is Shorting The Yuan Dangeorus?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Alasdair Macleod via,

Last Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge fund community who are betting heavily that the yuan will suffer a major devaluation any time between the next few months and perhaps the next three years.

The impression given is that this view is universal, almost to the exclusion of any other.

A market cynic would point out that when everyone is short, there is no one left to sell, so it is a good time to buy. This may indeed be true, and gives the Chinese authorities the opportunity to squeeze the bears mercilessly should they so choose. However, as Zero Hedge points out, some bear positions are in the form of put options rather than naked shorts, so hedge fund losses in this case would be limited to option money if the trade goes wrong. Instead, whoever sold the options to them will ultimately absorb the losses to the extent they have not hedged their corresponding positions in turn.

The advantage of buying long-dated OTC put options is that you can wait for a financial strategy to come right. The motivation for buying them is therefore less to do with market timing, and more to do with economic expectations.

At its simplest, the common view appears to be that China is suffering from the debt problems that follow an excessive expansion of bank credit, the unwinding of which is expected to lead to crippling deflation. This view is variously informed by the findings of Irving Fisher in his analysis of the 1930s depression, and perhaps the Austrian school's description of credit-driven business cycles thrown in. To these can be added the experience of modern credit bubbles, particularly the aftermath of the sub-prime crisis of 2007/08, which remains fresh in hedge-fund managers' minds. It amounts to a rag-bag of impulsive thought, and consequently it is assumed a large devaluation will be required to reduce the prices of China's exports, so that China's labour force will remain competitive and employed.

There are many empirical examples that disprove the idea that devaluation is the route to export success, so it is something of a mystery why it should be seen as a certain
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Anti-Refugee Rallies Sweep Europe As Nationalists Declare “We Will Not Surrender Europe To Islam”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Europe’s worsening migrant crisis is the best thing that ever happened to the PEGIDA movement.

The group very nearly faded into obscurity early last year after then-leader Lutz Bachmann posted a picture of himself dressed as Hitler on Facebook with the caption “He’s back.”

Then, 1.1 million Mid-East asylum seekers flooded across Germany’s borders.

At first the German people welcomed the refugees with open arms. Then, things quickly deteriorated. The Paris attacks instilled fear in the hearts of many Europeans who previously supported Angela Merkel’s open-door policies and then, the wave of sexual assaults that swept through Europe on New Year’s Eve killed whatever goodwill was left.

Far-right movements like PEGIDA have flourished amid the turmoil as nationalism – an ideology many assumed died with Hitler and Mussolini – is once again on the rise alongside a creeping sense of xenophobia among the bloc’s increasingly exasperated populace.

On Saturday, Europe’s unease was on full display as PEGIDA staged simultaneous protests in multiple cities. “We must succeed in guarding and controlling Europe’s external borders as well as its internal borders once again,” PEGIDA member Siegfried Daebritz told a crowd on the banks of the River Elbe who chanted “Merkel must go!”.

Demonstrations were staged in Amsterdam, Prague, Calais (site of the infamous “jungle” migrant encampment), Dublin, and the English city of Birmingham.

“At lunchtime Saturday, several hundred protesters gathered in front of a local eatery in Calais, chanting slogans such as “We are one” and singing the French national anthem,” CNN reports. ”You don’t understand the problems we have here,” on demonstrator shouted at journalists covering the protest.

“German media put the number [of protesters in Dresden] at up to 8,000,” Reuters notes.

We’re demonstrating against the Islamisation of Europe, we’re demonstrating against immigration, against an invasion,” Robert Winnicki, leader of Poland’s far-right Ruch Narodowy (National Movement), told a crowd of hundreds in Warsaw.

At the rally in Birmingham, PEGIDA supporters carried signs that read “Trump is right.”

There were also rallies in Slovakia and Estonia.

Here are the visuals.

From Birmingham:

From Calais:

From Dreseden:

From Dublin:

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The Truth About Politics

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Llewellyn Rockwell via The Mises Institute,

The very first votes of the 2016 presidential election season were cast this week in the Iowa caucuses. This is supposed to fill us with happy thoughts about self-government, civic virtue, rational deliberation, and about politics as the way the people’s will is put into effect.

But to the contrary, we should spurn what the establishment would have us celebrate. Politics operates according to principles that would horrify us if we observed them in our private lives, and that would get us arrested if we tried to live by them. The state can steal and call it taxation, kidnap and call it conscription, kill and call it war.

And yet we are taught to fear capitalism, of all things.

But what, after all, are capitalism and the free market? They are nothing more than the sum total of voluntary exchanges in society.

When we engage in a voluntary exchange — when I buy apples for $5, or when you hire someone for $25 per hour — both sides are better off than they would have been in the absence of the exchange.

We can’t say the same for our interactions with the state, since we pay the state under threat of violence. The state sure winds up better off, though. That’s for sure.

Business firms that increase their profits thanks to some new innovation cannot rest on their laurels. Other firms will adopt the innovation themselves, and those abnormally high profits will dissipate. The original firm must continue to press forward, striving to devise still newer ways to please their fellow men.

The state operates under no such conditions. It can remain as backward as it likes. Other firms are typically prohibited from competing with it.

The state’s priorities arbitrarily override your own. Ethanol “is important for the farmers,” one candidate says. So because the state has decided some interest group’s foolish and economically nonsensical pet project is “important,” what you yourself would have preferred to do with your money is simply set aside and ignored, and you are forced to subsidize what the state seeks to privilege.

Our schools and media portray corporations as sinister, and government as benign. But who wouldn’t rather take a sales call from Norwegian Cruise Line than an audit demand from
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Economics Explained (In 1 Simple Cartoon)

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

“That’s good, right?”

h/t @BrattleStCap

“Back Then I Was A True Believer” – How A Military Officer’s Life Changed Forever 13 Years Ago

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black via,

Thirteen years ago my life changed forever.

Colin Powell, then US Secretary of State and the most credible person in George W. Bush’s cabinet, made the case for war in Iraq on February 5, 2003.

As a young military intelligence officer at the time, watching from a makeshift army base in Kuwait not far from the Iraq border.

Back then I was a true believer, trusting that the government was a force for good “making the world safe for democracy. . .”

But that night it all changed.

Powell told the world unequivocally that Iraq had weapons of mass destruction, an assertion that history has proven categorically wrong.

But within the intelligence community, many people knew the appalling truth immediately.

That night it became clear to me that the government was lying and that the whole case for war was being fabricated.

It was crushing, like finding out everything I’d been told throughout my life was total bullshit.

So for the first time, I broke out of the spell and began questioning. Everything.

I started learning about the extraordinary political power of the military industrial complex that President Eisenhower warned about.

That led me to the fraud of many previous wars going as far as the Mexican War in 1845, one deeply criticized by Abraham Lincoln himself.

That led me to the Constitution, to which all military officers swear an oath to support and defend…

… and it surely didn’t seem like supporting or defending the Constitution in waging an ill-conceived, illegal war.

Needless to say I couldn’t talk to my professional colleagues. Everyone was so gung-ho, I felt like an outcast.

When I returned home, things didn’t improve.

While I was away the country had noticeably turned into a police state.

Yet people seemed oblivious to the change, drinking in the propaganda like a spiked punch bowl.

All the loud, bombastic nonsense and pledges of allegiance were merely illusions masking modern day serfdom.

It was the summer of 2004, I remember hearing on TV that the Libertarian Party’s national convention was starting in Atlanta.

I immediately hopped in the car hoping to find some sympathetic minds.

And at the convention I did meet some wonderful, freedom-minded people.

But the event was an unproductive circus, something like a cross between…
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Is This How The Smart Money Is Betting On A Market Crash?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Instead of allocating capital to expensive tail risk bets on direct asset class collapse (in equities, credit, and commodities), it appears, just as we detailed previously, the 'smartest money in the room' is "betting" indirectly on a stock market crash through eurodollar options.

As we previously detailed, the costs of tail risk protection in credit and equity markets are soaring (and perhaps the crash in global financial stocks and spike in systemic credit risk supports that concerning possibility).

And so traders are looking for cheaper alternatives to place large bets on significant downside in over-inflated assets.

As we noted previously, since the Fed folded in September (under the same conditions that are playing out now), basically admitting it is terrified to raise rates and willing to backtrack due to market fragility, IceFarm Capital's Michael Green explains, it appears many market participants are piling into par Eurodollar calls:

[the chart shows the cumulative open interest in par calls on eurodollar futures contracts that expire in 2016 and 2017 - basically options on short-term interest rates with a strike price of zero, such that they pay out if the Fed takes rates negative]

When queried whether this is indeed a trade to bet on a market drop, Michael Green responded as follows:

[A reader] thought  this might be an attempt by hedge funds to hedge out their exposure to rising interest rates very cheaply.

My initial idea was that it actually could be a bet on negative rates (if for some reason the Fed had to come back into the picture with QE4).

The bottom line:

"Deep OTM puts on the S&P are very expensive while par ED calls are relatively cheap.

In my view, we are that inflection point where the Fed is going to start to waffle…the bear market beckons and they will not be able to stick with their interest rate guidance. Of course, markets tend to frown on Central Bankers revealed as less than omniscient…"

As the chart makes clear, since the initial exposure of this trade, Open Interest has soared as market fragility, The BoJ's shift to NIRP (and Peter Panic Policy), along with various Fed speakers indirectly hinting at the possibility, as we detailed previously

The Fed may "seriously consider" negative rates after moving rates

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UN Rules WikiLeaks Founder Julian Assange Being Detained Unlawfully

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Claire Bernish via,

Wikileaks founder Julian Assange’s years-long confinement in the Ecuadorian embassy in London has been ruled unlawful by the U.N.’s Working Group on Arbitrary Detention, and his lawyers have now called for Sweden’s extradition request to be dropped immediately.

The ruling is not binding and the British Foreign Office maintains the legal obligation to extradite Assange. Accordingly, he will be arrested should he decide to vacate the embassy premises.

“We have been consistently clear that Mr. Assange has never been arbitrarily detained by the U.K., but is, in fact, voluntarily avoiding lawful arrest by choosing to remain in the Ecuadorian embassy,” said the Foreign Office in a statement, according to the Guardian. “An allegation of rape is still outstanding and a European arrest warrant in place, so the U.K. continues to have a legal obligation to extradite Mr. Assange to Sweden.”

Prior to the U.N. panel’s ruling, Assange had said he would leave the embassy voluntarily and accept arrest should a determination against him be handed down, “as there is no meaningful prospect of further appeal. However, should I appeal and the state parties be found to have acted unlawfully, I expect the immediate return of my passport and the termination of further attempts to arrest me.”

Though the panel concluded its investigation and ruled on December 4, it is unclear whether Assange was informed of the findings. Anna Ekberg of the Swedish foreign ministry said there would be no statement before the ruling is formally published on Friday.

Should the Swedish or U.K. governments ignore the panel’s decision, an unnamed and unverified source “familiar with the U.N. working group” told the Guardian “it would make it very difficult for them to make use of U.N. human rights council decisions in the future to bring pressure on other countries over human rights violations — the ruling sends a strong political message.”

Julian Assange reportedly fears not only extradition to Sweden, but secondary extradition to the U.S. over charges of espionage for an historic leak of classified military and diplomatic documents, including infamous footage taken from an Apache helicopter in Baghdad in 2007 that appeared to show the arbitrary assassination of twelve people — including two Reuters journalists.

Ahead of the ruling, one…
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Zero Hedge

Why The Bulls Will Get Slaughtered

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by David Stockman via Contra Corner blog,

Well, they got that right. Detecting that “parts of the U.S. jobs report for January seem fishy”, MarketWatch offered this pictorial summary:


Needless to say, none of that stink was detected by Steve Liesman and his band of Jobs Friday half-wits who bloviate on bubblevision after each release. This time the BLS report actually showed the US economy lost 2.989 million jobs between December and January. Yet Moody’s Keynesian pitchman,...

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Phil's Favorites

PBOC Hedge Fund Battle

Courtesy of EconMatters 

The China currency debate in financial markets is rather interesting right now with many market ramifications. A rapid depreciation in the Chinese currency could lead to an Asian currency market crisis. I can see both sides of the current debate of a rapid devaluation versus a prolonged drawn out devaluation of the currency.


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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

Volatility in Tech Shares Drags Market Lower (NY Times)

Stocks posted steep losses Friday, ending the week with broad declines after a report showing that job creation in the United States slowed last month.

Tesla is getting crushed — again (Business Insider)

Tesla shares are down 9%, to $160, a...

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Chart School

Value Investing with help from Wyckoff Logic

Courtesy of Read the Ticker.

Buying something at good value is a good approach, however it is another approach to know when to enter and exit the market, enter Wyckoff logic. If You 'know nothing' of Wyckoff logic is a good time to start.

More from RTT Tv

NOTE: does allow users to load objects and text on charts, however some annotations are by a free third party image tool named

Investing Quote...

..“The market always tells you what to do. It tells you: Get in. Get out. Move your stop. Close out. Stay neutral. Wait for a better chance. All these things the market is continually impressing...

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All About Trends

Mid-Day Update

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

Click here for the full report.

To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Kimble Charting Solutions

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

Courtesy of Chris Kimble.


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

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

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


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Why Most Investors Fail in the Stock Market


Why Most Investors Fail in the Stock Market

Courtesy of ValueWalk, by  

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

Panic. Worry. Sell.

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

If you read Howard Marks latest memo, ...

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Insider Scoop

Tyson Foods' Stock Ticks Higher Following Q1 Print

Courtesy of Benzinga.

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

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


Swing trading portfolio - week of February 1st, 2016

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


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

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

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

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

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Digital Currencies

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

Courtesy of Charles Hugh-Smith at Of Two Minds

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

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

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

This doesn't just open t...

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

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

Chart via Finviz

Courtesy of Sabrient Systems and Gradient Analytics

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

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

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PSW is more than just stock talk!


We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

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

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

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Baxter's Spinoff

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

Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...

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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

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


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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at 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.

Thank you for you time!

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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