Archive for the ‘Immediately available to public’ Category

European Stocks Have Never, Ever Been This Cheap Relative To American Markets

Courtesy of ZeroHedge. View original post here.

European stocks are offering the biggest discount on record relative to U.S. peers, according to one metric.

Members of the Stoxx Europe 600 Index are trading at 1.8 times the value of their assets, almost half that of S&P 500 Index constituents, the largest gap since Bloomberg started tracking the data in 2002.

World-beating gains in U.S. equities since the bull market kicked off in 2009 has widened the distance between the two, while recent volatility has also rendered its derivatives the most expensive relative to Europe since August 2015's China deval collapse…

However, it appears Europe's macro surprise data is rolling over and catching down to US macro surprise data…

And perhaps worse still, EURUSD is rolling over (just as it did in 2013), ready to catch down to its rates-implied level, crushing USD-relative returns…

But of course, it's what happens next here that really matters…

Yellen and Draghi next week in Jackson Hole may hint ath whether this is the end of the beginning or the beginning of the end.

Urban Warfare: NATO Issues RFP For Training To Fight In Big Cities With “Dense, Interconnected Populations”

Courtesy of ZeroHedge. View original post here.

Throughout the 2016 campaigning cycle, then candidate Trump frequently criticized NATO as “obsolete” and repeatedly knocked allies for not paying their “fair share.”

Then, in a shocking reversal, Trump hosted a joint press conference with NATO Secretary General Stoltenberg, just a few months after moving into the White House, in which he declared: "I said it was obsolete.  It's no longer obsolete."

"The Secretary General and I had a productive discussion about what more NATO could do in the fight against terrorism.  I complained about that a long time ago and they made a change.  And now they do fight terrorism.  I said it was obsolete.  It's no longer obsolete."

"(NATO) is no longer obsolete."

— Salvador Hernandez (@SalHernandez) April 12, 2017

Well, it now seems he may have been right in the first instance.  According to a new request for pricing (RFP) from NATO entitled, "Development of NATA Military Operations In Urban Environment Concept," NATO forces are "not sufficiently organized, trained, or equipped to  comprehensively understand and execute precise operations" in modern urban environments.  Here's how NATO defines their problem:

Problem statement: NATO is not sufficiently organized, trained, or equipped to  comprehensively understand and execute precise operations across the maritime, cyberspace, land, air, space dimensions/domains in order to create desired effects in an emergent complex, urban littoral system possessing a dense, interconnected population.

So why the sudden interest in urban warfare?  NATO's RFP conveniently cites urban population statistics from the United Nations as its justification but that's hardly a new trend so it will undoubtedly leave the cynics among us a bit skeptical.

Projections by the United Nations indicate that by the year 2035 the world population will increase to 8.7 billion people, an increase of 1.4 billion people, and that most of this growth will take place in developing countries and in urban areas. Currently 80% of the global population lives on or within 100 km of the coast; this also will likely continue. The SFA1 2013 Report – including 2015 Interim Update Report and the FFAO2 2015

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Rocktoberfest Sponsorships And NYC Finance Luncheon At Zuma New York

By VW Staff. Originally published at ValueWalk.

ValueWalk is a proud partner of the event and organization which raises money for a great cause. See their newest press release below.

Rocktoberfest Sponsorships and NYC Finance Luncheon at Zuma New York All to Support ALTSO’s Work With Children In Emerging Market Countries

NEW YORK – August 17, 2017 – Hedge Fund Rocktoberfest, the annual fundraiser for children’s charity A Leg To Stand On (ALTSO), will unite over 2,000 leaders from the alternative investments and finance industry for rock & roll and acoustic music, featuring over a dozen bands whose talented performers are industry leaders. New York anticipates a total of more than 15 acoustic and main stage acts with nearly 10 performances to headline in Chicago.


Sponsorships for the event are already filling up with more than twenty committed companies in the alternative investment and finance industry. Returning sponsor Lyxor Asset Management out of Paris is among them.

“Lyxor Asset Management has been sponsoring this event for several years and is proud to continue to be part of such an incredible cause,” said Andre Donatiu, Director, Business Management and Development. “Rocktoberfest makes an outstanding contribution to the social inclusion of the children that benefit from their precious aid and affirms our commitment in having a responsible impact on the world around us.”

Lyxor Asset Management is sponsoring alongside companies including lead sponsors PAAMCO and CME Group as well as ABN AMRO Clearing, ADM Investor Services, Back In The Game Therapy, Cortland Capital, Eurex, GlobeTax, GQR, Hentsu, Perkins Fund Marketing, Intercontinental Exchange, MKP Capital Management, The OCC, Societe Generale, Trading Technologies, Wells Fargo – Equity Exchange, Wells Fargo – Securities and more.

Packages are still available by emailing ALTSO’s Executive Director, Gabriella Mueller, at

This year’s event will also host sponsors from the NYC Finance Luncheon, an event hosted by Tricap Partners & Co., Eaton Partners, Reed Smith LLP and ACG. The NYC Finance Luncheon is an exclusive luncheon bringing together senior professionals from the hedge fund, private equity and family office communities. The event will be held Thursday, September 28th at Zuma New York and will feature a special menu prepared by Zuma Executive Chef Oliver “Ollysan” Lange and will be hosted by CNBC’s Ron Insana. Guests of the luncheon will also each receive two complimentary tickets to ALTSO’s Hedge Fund Rocktoberfest – NYC.

“What ALTSO does…
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Portfolio Diversification Guide

By Jeff Miller. Originally published at ValueWalk.

Periodic portfolio checkups and rebalancing are important processes for individual investors. Ben Carlson wrote today about Seven Strategies for Investing at Market Peaks. He avoids saying that the current market is “the” peak, but the title clearly captures the interest of investors with that suspicion. He lists seven different strategies, noting some pluses and minuses for each. Then he stops.

My mission is to go a step further, providing some criteria for making rebalancing choices.

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Why now?

You can, of course, simply rebalance your portfolio to a preset allocation. Most people believe that they might try to do a little better, depending upon current market conditions. Is it really a market peak, for example?

There is some irony in the current interest in reviewing portfolio balance. When the market was registering big losses, many people did not even read their statements. The news was probably bad. They would do better by waiting out the decline. With the market hitting new highs, there is greater interest. “How am I doing? Is my account also at a record?”

Investors who have safe and sensible allocations are now wondering why they were not more aggressive. How easy this is to see after the fact! The long, gradual rally, without significant corrections, may have instilled a false sense of potential risks.

Picking Winners is a Key to a Successful Rebalance

This may seem obvious, so let me explain a bit. We all love winners. Two of my friends are experts at thoroughbred handicapping. Both made a six-figure income for many years, even after the 17% rake from the track. Did they have a secret?

Not really. It was what equity investors would recognize as risk/reward. The popular horse often had enough action that the…
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How Can We Learn From The Past If We Erase History?

Courtesy of ZeroHedge. View original post here.

Authored by Daisy Luther via The Organic Prepper blog,

Removing monuments from the Civil War to erase history is a mistake.

This won’t be a popular opinion, and I’m okay with that. Because for now, we still have freedom of speech.

While I can understand why some people would strongly disagree, I’d like to respectfully offer a different perspective. My opinion that those monuments should be left alone isn’t because I support the horrible things that have been done in our history. It’s exactly the opposite.

Every country’s history has a dark spot in it. More than one, if we’re being honest. But the fact that we aren’t still mired in those dark places means that we have made strides toward becoming better. Erasing history, though, is a dangerous path because it means that the truth becomes something malleable that has been created instead of recorded.

Rewriting history is positively Orwellian, and a terribly dangerous path.

After President Trump won the election, his opponents began snapping up copies of 1984 so quickly that Amazon sold out of the classic. At that point, I was hopeful that it meant people would find some common ground.

Amazon has sold out of copies of George Orwell’s authoritarian classic, 1984, and they won’t have more until Feb. 2nd. The book was the number one bestseller on Tuesday and Wednesday. The publishing company, Penguin, is rushing more copies to print.

This surge in sales came after Trump’s senior adviser Kellyanne Conway used the creepy term “alternative facts” to explain away some misleading statements in White House Press Secretary Sean Spicer’s statement to the press. (source)

Alas, my hope was short lived.

All sorts of breathless articles were penned, comparing President Trump to Big Brother. (This one, for example.) But then, something else happened. And it isn’t good.

1984 has become an instruction manual.

Despite the initial furor, now it seems like these folks have decided to instead use 1984 as a how-to manual. As you watch people destroying monuments of Southern Civil War generals, renaming streets,

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Using The Blockchain To Clean Up The Niger Delta

By Knowledge Wharton. Originally published at ValueWalk.

In southeastern Nigeria, in an area known as Ogoniland off the coast of the Gulf of Guinea, is the site of one of the most polluted regions in the world. Over half a century of oil drilling and spills in the Niger Delta by Shell and other companies have left the area’s creeks, swamps, fishing grounds and mangroves awash in black, oily crude. A 2011 United Nations report said some areas remain contaminated 40 years after a spill, despite clean-up efforts.

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Public_Domain_Photography / Pixabay

The environmental devastation is widespread within the 1,000 square kilometers of Ogoniland — equivalent to roughly 390 square miles or about a third of the size of Rhode Island. It has destroyed the livelihoods of farmers and fishermen in surrounding villages, while jobless youth facing a bleak future are taking up arms, destroying pipelines and wreaking other havoc. Damaged pipelines have led to more oil spills, while corruption and locals’ deep distrust of outsiders have further hampered assistance.

Cleaning up the Niger Delta and improving the economic plight of the area’s villagers have long been a passion of Chinyere Nnadi, founder and CEO of Sustainability International, a U.S. nonprofit whose goal is alleviating poverty in Africa. His family came from Nigeria and he remembers vacations back to their village where they had to deal with lack of electricity, unpaved roads, armed robbers and devastated agricultural crops. Since other groups have already tried to clean up the oil mess with mixed results, Nnadi realized that any solution must start with fighting corruption and building trust before any real progress is possible.

“I’m personally invested in it because it’s my family history,” Nnadi says in an interview with Knowledge@Wharton. “From the outside, it looks like it’s something as simple as solving an environmental problem. But then when you…
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Greece Should Copy New Zealand’s Dramatic Policy Reform

By The Foundation for Economic Education. Originally published at ValueWalk.

I wrote last September that New Zealand is the unsung success story of the world.

No, it doesn’t rank above Hong Kong and Singapore, which routinely rank as the two jurisdictions with the most economic liberty. But it deserves praise for rising so far and fast considering how the country was mired in statist misery just three decades ago.

That’s the story of this great video, narrated by Johan Norberg, from Free to Choose Media. It runs 56 minutes, but it’s very much worth your time.

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But just in case you don’t have a spare hour to watch the full video, I can tell you that it explains how New Zealand made a radical shift to free markets in key areas such as agriculture, trade, fisheries, and industry.

I wrote about New Zealand’s shift to a property rights-based fisheries system, which is a remarkable success. But I’m even more impressed that the country, which has a very significant agricultural sector, decided to eliminate all subsidies. I fantasize about similar reforms in the United States.

To give you an idea of New Zealand’s overall deregulatory success, it is now ranked first in the World Bank’s Doing Business.

How Did They Do It?

As a fiscal policy wonk, my one complaint is that the video doesn’t give much attention to tax and budget policy.

Greece New Zealand

Which is an unfortunate oversight because there’s a very positive story to tell. In the early 1990s, the government basically imposed a nominal spending freeze. And during that five-year period, the burden of government spending fell by more than 10-percentage points of GDP.

And because policy makers dealt with the underlying disease of too much spending, that also meant eliminating the …
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Fearful Investors Losing Faith in Trump?

Courtesy of Mish.

Mainstream media likes to assign a reason for every squiggle in the stock market, bond market, or commodities.

Today provides an amusing example.

Reuters says Washington’s Mounting Woes Push S&P to Biggest Loss in Three Months.

U.S. stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration’s ability to push through its economic agenda rattled investors.

Investors appeared to be losing faith in the Trump administration’s ability to move forward with tax cuts and the rest of its domestic economic agenda, some strategists said. The latest cause for concern was speculation over the possible departure of National Economic Council Director Gary Cohn.

Real Reason Investors are Fearful

CNBC’s Art Cashin believes he knows the Real Reason Investors are Fearful.

The rumor that President Donald Trump’s chief economic advisor, Gary Cohn, would leave the administration, widely circulated before being denied by the White House, is not the only reason why stocks dropped as much as they did Thursday, Wall Street veteran Art Cashin told CNBC.

A cloud over the Trump administration’s image and ability to enact its agenda drove the Dow Jones industrial average to close down 1.2 percent, or 274.14 points to 21,750.73 on Thursday. The S&P 500 index declined 1.5 percent to 2.430.01 and the Nasdaq composite dropped 1.9 percent to 6,221.91.

“No disrespect to Mr. Cohn, but what’s really affecting the market is not the fear that only he would leave,” Cashin, UBS director of floor operations at the New York Stock Exchange, said Thursday on “Closing Bell.”

An unverified Twitter account, which has since been debunked by reporters and the administration itself, claimed on Thursday that Cohn was set to resign, Reuters reported. The White House released a statement later assuring that Cohn “intends to remain in his position.”

Cashin said Cohn’s departure could catalyze a “mass exodus” that would hurt many investors’ confidence in the Trump administration.

Hundreds of Reasons Stocks May Decline

There are hundreds of reasons stocks may have declined today, most of which we may only find about later.

Stocks may have declined for the simple reason valuations are insane or out of fear of Fed balance sheet normalization.

What about Unexpectedly Poor Industrial Production Numbers today, accidentally released a half houry early?

Continue reading here…

Millennials Are Using Financing To Pay For $450 Blenders

Courtesy of ZeroHedge. View original post here.

Low wages, mounting student debt and rising rents in the trendy urban centers where millennials prefer to live leave young people with little to spend on luxuries like an iPhone, or tickets to Fyre Festival pt. II. So, since millennials can’t seem to buy anything outright, payment companies are partnering with businesses to offer financing options for goods that, in the past, would’ve gone straight on the credit card, according to MarketWatch.

With interest rates ranging from 0% to 30%, compared with the average rate of 17% on credit cards, millennials are increasingly financing purchases from airplane tickets to luxury bedsheets with loans from payment companies like PayPal and Affirm. Indeed, millennials' seeming inability to pay for anything outright has caused revolving debt in the US to balloon past $1 trillion.

Millennials want luxury sheets, Peloton exercise bikes and music festival tickets, but they don’t always have enough cash or a desire to put them on a credit card. So they are turning to an even more expensive method of payment: financing. In recent years, payment companies including PayPal, Affirm and Bread have created installment plans for retailers that give consumers the option to finance the weirdest purchases over time.”

PayPal works with retailers to offer financing to consumers, who typically use it to pay for a range of goods, from guitars to luxury handbags. If borrowers don’t pay down their balance within an agreed-upon timeframe, they could see interest rates on the purchase rise as high as 20% APR.

“PayPal offers two types of credit, both as part of a program called PayPal Credit. One option is to wait six months without paying anything, and no interest on purchases over $99 from select retailers. The other option is an installment payment plan called Easy Payments: Consumers pay interest at an APR of 19.99% if they don’t first pay off their balance within the term they select.

Before shoppers are approved for either product, PayPal does a hard credit inquiry, which can result in a few points docked from consumers’ scores, temporarily. But once approved, PayPal doesn’t need to do a second one for future products. Consumers finance luxury handbags, guitars from Dave’s Guitars, pots

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Amid Tensions With America, Businesses Flock To Iran

By Stansberry Churchouse Research. Originally published at ValueWalk.

Right now, the U.S. is doing the rest of the world a big favour…

It’s locking itself out of one of the largest and more attractive pre-frontier markets.

I’m talking about Iran.

Most of the world is clamouring to do business with the country. But for the U.S., Iran is near the top of President Donald Trump’s “naughty” list…

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Tensions between the U.S. and Iran are heating up (again)

Iran has been enemies with much of the rest of the world – the west, at least – for most of the past few decades. Former U.S. president George W. Bush labelled it as part of his “axis of evil” (along with Iraq and North Korea). And economic sanctions have prevented western investment in and trade with Iran – a pivotal power in the Middle East that’s the world’s 29th largest economy (just ahead of the United Arab Emirates and Norway) – for more than 35 years.

That started to change in July 2015, when a long-negotiated deal on Iran’s nuclear development programme paved the way for some normalisation of relations between the U.S. and Iran. It looked like Iran was slowly edging its way into the global economy.

I visited Iran a few years ago, when I was writing an investment newsletter focused on investing in out-of-favour markets around the world. At the hotel where I stayed (there were no international hotel chains due to sanctions) there were plenty of Chinese and Russian businessmen. There was cautious talk of American companies getting involved in Iran’s energy sector – the country has the world’s fourth-largest proven oil reserves and the second-largest proven gas reserves.

pouria / Pixabay

But then, Donald Trump took office. Within his first week, he signed an executive order barring citizens of seven Muslim-majority countries, including Iran, from entering the U.S.…
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Whoever Gets Appointed To The Fed, Expect Negative Rates And QE In The Next Crisis

By Mauldin Economics. Originally published at ValueWalk.

Janet Yellen’s current turn at the chair expires in February.

Who will be running the Fed next year, and will it matter? How will new leadership change anything?

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Zero Hedge

USA Is Now Twice As Likely To 'Default' Than Germany

Courtesy of ZeroHedge. View original post here.

While the market turmoil (stocks down a few percentage points from all-time record highs) is being pinned on various factors (from North Korea, Trump, & Cohn to terrible retailer earnings and J-Hole anxiety), we suspect the real cause of market uncertainty is starting to peak through - the looming debt ceiling crisis that has now become too big and too imminent to ignore.

Of course, uncertainty in The White House is starting to make investors realize the chance of successfully navigating the debt ceiling crisis without a government shutdown are dwindling...


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Phil's Favorites

Fearful Investors Losing Faith in Trump?

Courtesy of Mish.

Mainstream media likes to assign a reason for every squiggle in the stock market, bond market, or commodities.

Today provides an amusing example.

Reuters says Washington’s Mounting Woes Push S&P to Biggest Loss in Three Months.

U.S. stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration’s ability to push through its economic agenda rattled investors.

Investors appeared to be losing faith in the Trump administration’s ability to move forward with tax cuts and the rest of its domestic economic agenda, some strategists said. Th...

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Chart School

Volatility on the Rise

Courtesy of Declan.

Today's losses look big on current charts but in a historic context, they weren't too severe. However, big red bars are not to be ignored and 'market leading' Small Caps have felt the full brunt of the selling from July which is bad news for the broader market.  Today's losses in the Russell 2000 undercut the 200-day MA leaving 1,345 as next support (of which I would not be too confident of it holding).

If the Russell 2000 gives up 1,350s then a drop to 1,150s could be on the cards. Things could get ugly if this scenario pl...

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Insider Scoop

10 Stocks To Watch For August 17, 2017

Courtesy of Benzinga.

Related SMRT Earnings Scheduled For August 16, 2017 The Factors That Could Be Moving Short- And Long-Term Buyers ... more from Insider

Digital Currencies

Ukrainian Lawmakers Disclose $45 Million In Bitcoin Holdings

Courtesy of ZeroHedge. View original post here.

As Ukraine's crackdown on corruption continues, three lawmakers from Ukraine’s ruling party revealed this week that they own a combined $45 million in bitcoin, according to a report by RIA Novosti, a Russian foreign news service.

Their holdings came to light during mandatory financial disclosures by members of the Ukrainian parliament, part of an IMF-approved strategy to tamp down corruption in Ukraine. The country's democratic institutions, which were never very robust to begin with, have been further destabilized by...

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Swing trading portfolio - week of August 14th, 2017

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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Editing human embryos with CRISPR is moving ahead - now's the time to work out the ethics

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

Editing human embryos with CRISPR is moving ahead – now's the time to work out the ethics

Courtesy of Jessica BergCase Western Reserve University

There’s still a way to go from editing single-cell embryos to a full-term ‘designer baby.’ ZEISS Microscopy, CC BY-SA

The announcement by researchers in Portland, Oregon that they’ve successfully modified the genetic m...

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Members' Corner

Why we need to act on climate change now


Why we need to act on climate change now

Interview with Jan Dash PhD, by Ilene Carrie, Editor at Phil’s Stock World

Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, Jan devotes a chapter to climate change and its long-term systemic risk. In this article, Ilene interviews Jan regarding his thoughts on climate change and the way it can affect our futu...

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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...

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NewsWare: Watch Today's Webinar!


We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.


EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...

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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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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...

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About Ilene:

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

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