I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?
Phil, thanks for the call on the SKF puts earlier, I'm riding that horsie downhill right now, giddyup!
Phil - I celebrate today, having reached my goal for the year, trading in sync with your education and guidance, of 1 million in profit. I learned a lot, achieved much, and am profoundly grateful. To be honest, when I set the goal I thought it was daunting, as I have for many years been an investor in equities but did very little with options. Learning and doing has for me been a blast!
I reached my goal by following Phil's strategies - lots of Buy/Writes, covered calls on equities , naked put entries for income production. I did it with 2.5 mil and kept 600,000 in cash in case I got in trouble. I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in appreciation.
Wishing Phil and all fellow PSW members a Happy, Healthy and Prosperous New Year 2017! Thanks to all of you for your insights and comments which help make me a better investor every day. Wishing everybody the best of luck for 2017
I'm just starting my second year as a member, and I'd like to thank all of you for sharing your trading ideas and insight, and especially Phil of course for great all-around investing advice as well as trades! In addition to learning patience and profit-taking, I think one of the most important things I'm learning here is to stick to stocks and trades that suit my temperament. And wow, I had NO idea how hard it was to learn patience. I should say "practice" instead of "learn", because it seems to be a constant struggle. Phil, please keep reminding us how nice CASH is!
I discovered PSW while reading up on the US economy and how it applies to all the poor folk of the world and to myself as a humble UK desk slave.
This year I put time into learning options trading. I upgraded (with great administrative difficulty!) my stock dealing account to deal options. Now I am an avid reader of PSW and subscribed for voyeur membership. Initially feeling out of my depth struggling to keep up with the peculiar language of options traders, I unsubscribed feeling a little under confident and uncertain if the small stake I have to invest in options could generate enough to justify my PSW subscription. Nevertheless, I've benefited considerably from the member's material. From a small number of initial trades, I've exceeded profit targets enough to consider re-subscribing in some capacity. Thanks for the knowledge and more than anything I appreciate the human angle, the humour and the ecologically sympathetic approach rarely seen in other financial media. Best wishes all - Jon
Every time I read Mr. Davis' market analyses and reports about his super profitable trades I feel admiration mixed with envy for the overall brilliance of this man, intellectual and verbal, his extraordinary savvy in the exotic art of options and, last not least, his moral passion with which he writes, even if in passing, about the darker aspects of capitalism.
I have been a "silent" member for the past year, and am 1,000 hours into the 10K hours of training (The last week is worth at least 500 hours!). Made lots of mistakes and misunderstood quite a few of Phil's calls, … some actually made money when reversed. The chat (Including the politics) is very engaging (Many great minds with international coverage), and a great companion, while nursing a trade gone wrong, through the night. The webinars (despite technical difficulties) are extremely useful. Thanks for your coaching … it has made me a consistently profitable trader, with a better understanding of what I do not know.
Phil – great calls this past week, esp. friday and monday. in the old days I would have let Prechter et al scare me into trimming my longs and going short at just the wrong time. your feel for the markets is Tiger-esque. CHK, HOV, BX, TLT and XLF are big winners for me today. My biggest up day in a long time. Thanks!
Phil - I caught the interview…. terrific!. Your host recommended that the viewers should " go to your site, as you will be entertained ". That is for sure if you consider entertainment is laughing while you read, learn and make unbelievable leveraged profits that you never thought were possible. That is my kind of entertainment !
Once again, many muchos for the SODA trade of last week. Finally out of all three legs. I didn't want to wait for expiration tomorrow and the possible peg at $70.00, following your dictum to not get greedy.
Phil fantastic call on the markets… I owe you BIG…thanks and have a great weekend!
Phil: I am always able to figure out your trades, including the rational when put in the right context of previous comments, etc. Keep doing what you're doing. It is much appreciated, and invaluable. Your hit rate of successful trades has been very high in my 1.5 months as a member, but even more importantly is your teaching of how to repair and DD positions that haven't gone your way yet. As with most members, we all have our ‘pet' trading interests, and learning how to think about trading is much more important than a specific trade, which could see the conditions behind it change an hour later. This is the classic case, of ‘Teach us to Fish', rather than just giving us a fish once in a while. Thank you!
Thanks for all the work you put into this site. I have looked at a few other option advisory or "mentoring" services this year, but no one offers even a fraction of the content or the level of services you provide at PSW!
Thank you so much for the good daily news in review Phil. I love your commentary! It is such a breath of fresh air in the smog cluttered news networks.
Thanks for you guidance – Your "student" will be passing on the McMuffins and having Lobster dinners tonight!
Phil, Thanks for the long calls@ $ 85 on AAPL. A quick $4900. Paid for my subscription!!
Against all prognostics (bears) Phil pointed in the morning the correct direction, and in middle of day he pointed the possible move to 2.5% Incredible… I'm starting to serious believe on the program trading and the human nature behind the programing those "trade-bots".
I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future.
I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership.
Phil/Everyone here/Thank you - What everyone here with their insightful comments (including yourself) has helped me with is that I'm greatly increasing my ability to trade more psychologically neutral, although I've got a ways to go. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.
I have followed a lot of Phil's picks over the last several years and made money using the exact option strategies he outlines. Of all the contributors on SA, he offers the most actual and ready to implement advice that has put money in my account. Many of us on SA actually are sad when we don't see Phil's postings for an extended period.
Great calls this week!
Hey Phil - writing to thank you!
First of all, and I know you have heard this a few times form some others - the portfolio updates you have done - with entries and targets and even margin reqs are invaluable!
I find myself understanding what is done here IN THEORY most of the time..however, there is a much bigger difference in placing and setting up the hedges properly than just understanding…This has been eye opening for me and Ifeel like I just took a major step in trading during the last week.
I want to thank you for sharing your wisdom with us. I've learned a lot (and still am) about your trading strategy, but also I see a man who truly cares about our country, America. Thank you.
Happy holidays to all members of PSW. Just completed my 6th year and still my favorite site to read. Thank you all for your contributions and support especially you, Phil!
The best play I made this year was PSW. Will renew my membership tonight. Looking for the same trading profit percentages next year, but will have an advantage from the compounding, and much better skills acquired from you and the many skilled PSW co-pilots. Thanks!
I like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.
The virtuous trade / Phil throws out so many ideas, that understandably he rejects all calls for a running total of how all ""quoted"" ideas are performing – it would be unworkable. But without such a list, I think it behooves us to call out the trades that have made a difference. January 13 expiration is going to be a big month for me as a significant number of sold put positions will expire worthless. One example of the power of patience and leaving well alone:
VLO – sold Jan 13, 17.5 puts for $3.45 – and this trade was placed in August 2011. VLO is currently a tad over $35!
And as time went by, and I got more experienced – with the help of Phil and the contributions from board members, I started selling short term puts and calls around this position. Sometimes having to roll, sometimes doubling down but always knowing what I was getting into, and feeling very calm and focussed that whatever happened I could handle it. And if I couldn't then there was always Phil to lend a helping hand. All in all, my profits since August 2011 would qualify as a tidy addition to any earnings from the day job.
Thank you Sir.
WISH TO EXTEND A BIG THANK YOU! I netted about $18,000 on the short Jan puts and the annualized ROI/M is mind boggling! Hope to meet you some day and buy you and your significant other a nice dinner.
In general, most people would agree that the housing collapse of 2008/2009 was a negative event in U.S. history. A combination of misinformed regulations from Washington D.C., low interest rates, poor underwriting standards that allowed for, among other things, the idiotic “cash out” mortgage, and an insatiable demand for securitizations drove one of the biggest asset bubbles in history which almost brought down the entire global financial system.
But, at least one person, namely New York Fed President Bill Dudley, thinks that a repeat of the 2008 mortgage crisis is exactly the cure for America’s stagnant retail sales. Speaking at the National Retail Federation’s annual convention in New York, which was undoubtedly full of perplexed retailers wondering why their store traffic remained so weak amid Obama’s stunning “economic recovery”, Dudley intimated that the cure for weak retail sales was a return to 2006 practices in which debt thirsty Americans repeatedly withdrew every dollar of equity in their homes to fund their trips to the mall.
“The good news is that, while the current expansion is quite old in chronological terms, it is still relatively young in terms of the health of household finances,” Dudley said in a speech to the National Retail Federation.
“Whatever the timing, a return to a reasonable pattern of home equity extraction would be a positive development for retailers, and would provide a boost to economic growth,” Dudley said.
Homeowners may have overlearned the lessons from the housing boom and bust, the New York Fed President said.
Even though home values have risen over 40% since 2012, housing debt has stayed virtually flat, he said.
“The previous behavior of using housing debt to finance other kinds of consumption seems to have completely disappeared,” and people are leaving the wealth generated by rising home prices “locked up” in their homes, he said.
Sure, just forget that the last cycle resulted in millions of personal bankruptcies, short sales and ruined personal credit scores…we’re sure this time will work out much differently.
Dudley continued by noting that at the “height of the boom, annual consumption was being supplemented by around $400 billion in cash flow from debt, much of it collateralized by housing.” Apparently he is convinced that levering up your personal life to such an extreme
Earlier today, investigative journalist James O’Keefe of Project Veritas released his second undercover exposé of the “DC Anti-facist Coalition,” which is using hashtag #DisruptJ20 in their plot to disrupt the Inauguration and related events. After successfully infiltrating the anarchist Democrat movement, O’Keefe’s team recorded ”DisruptJ20″ organizers Luke Kuhn and Colin Dunn at the infamous Comet Ping Pong pizza restaurant in Washington DC, where they divulged their plot to release butyric acid at the “Deploraball” Inauguration party. According to event organizer Mike Cernovich, the FBI has been notified. Interesting side-note; after the Veritas video was released yetserday, nimble navigators assembled what appears to be rock solid evidence linking “Disrupt” organizer Luke Kuhn to the whole #PizzaGate controversy - but I’ll get to that in a minute, or just scroll down. Back to the Veritas releases:
The meeting, captured on hidden camera, was held at Comet Ping Pong, a DC pizza restaurant that is better known as the location of the Pizzagate controversy,” Project Veritas said. “The coalition members discuss the steps they would need to take to halt the Deploraball event.” -Project Veritas
See the full first O’Keefe video here which details plans by democrat agitators to gas their enemies at an event (released 1/16/2017):
In today’s release, as ZeroHedge reports, O’Keefe’s team reveals DisruptJ20 plans to “shut down the city, at like, mid-inauguration.”
“So simultaneous to the checkpoint blockades in the morning, we are also doinga series of clusterfuck blockades, where we are going to try to blockade all the major ingress points in the city.”
“Which include, they can includeshutting down major bridges and highway access points as well as shutting down metro rail. So to do that we are going to try to break into several teams kind of like the checkpoints.”
“So fears in doing that, we don’t think these are going to be necessarily arrestable actions but there is a possibility you could be; so keep that in mind if you want to participate.”
“I CAN CALL MY COMRADE RIGHT NOW”
NOW it gets even more interesting…
And it seems that in 1998, the “Utopian Anarchist Party” which Kuhn was a big part of began to distance themselves after Kuhn’s posts in “chickie-hawk/kid-porn
The first push for gun rights in the upcoming Trump administration is already shaping up, and Trump hasn’t even taken office yet.
The Hearing Protection Act of 2017 (HPA) was introduced a week ago today, on Monday January 9th. The bill is aimed at removing suppressors from regulation under the National Firearms Act (NFA), which requires an extremely difficult application process and a $200 “tax stamp” to “transfer” ownership from one individual to another. The NRA sums up the truth on suppressors and the HPA below:
The HPA would remove sound suppressors from regulation under the National Firearms Act (NFA) and treat them as ordinary firearms under the Gun Control Act of 1968 (GCA). As with other firearms, commercial manufacturers, dealers, and importers would still have to be licensed, and the items’ retail sales would be subject to the GCA’s background check and transfer form requirements.
Currently, suppressors (misleadingly referred to as “silencers” in federal law) are subject to the NFA’s cumbersome and lengthy application process and a $200 tax stamp. Lawful purchasers can expect a raft of red tape and months of waiting. This is so, even though the devices themselves are completely harmless and very rarely used in crime.
Contrary to their portrayal in movies and television shows, suppressors do not render firearms all but soundless. They do, however, make them safer and quieter to operate.
Suppressors have soared in popularity in recent years, as more and more hunters and firearm owners have discovered their benefits. Private ownership is legal in 42 states, and they are lawful for hunting in 40 of those states.
Ironically, regulation of suppressors is one area where American gun owners are at a relative disadvantage to their counterparts in other countries. In England – which has gone a long way toward eradicating private firearm ownership – suppressors are nevertheless encouraged for private firearm owners and mandatory for uses such as pest control.
I’ve previously detailed this exact point – suppressors are hardly the scourge the gun control crowd portrays them as. The sound reduction is in the 20-30db range, maximum, and that sound reduction is only achieved by attaching a large,
By The Foundation for Economic Education. Originally published at ValueWalk.
I don’t like tax increases, but I like having additional evidence that higher tax rates change behavior. So when my leftist friends “win” by imposing tax hikes, I try to make lemonade out of lemons by pointing out “supply-side” effects.
I’m hoping that if leftists see how tax hikes are “successful” in discouraging things that they think are bad (such as consumers buying sugary soda or foreigners buying property), then maybe they’ll realize it’s not such a good idea to tax – and therefore discourage – things that everyone presumably agrees are desirable (such as work, saving, investment, and entrepreneurship).
Though I sometimes worry that they actually do understand that taxes impact pro-growth behavior and simply don’t care.
But one thing that clearly is true is that they get very worried if tax increases threaten their political viability.
This is why Becket Adams, in a column for the Washington Examiner, is rather amused that Mayor Kenney of Philadelphia has been caught with his hand in the tax cookie jar.
Philadelphia Mayor Jim Kenney fought hard to pass a new tax on soda and other sugary drinks. He won, and the 1.5-cents-per-ounce tax is now in place, affecting both merchants and consumers, because that’s how taxes work. Businesses pay the levies, and they offset the cost by charging higher prices. That is as basic as it gets. The only person who doesn’t seem to understand this is Kenney, who is now accusing business owners of extortion. “They’re gouging their own customers,” the mayor said.
Yes, consumers are being extorted and gouged, but the Mayor isn’t actually upset about that.
He’s irked because people are learning that it’s his fault.
Philadelphians are obviously outraged by the skyrocketing cost of things as simple as a soda, which has prompted some businesses to post signs explaining why the drinks are now so damned expensive. Kenney said that this effort by businesses to explain the rising cost is “wrong” and
President-elect Donald Trump has complained about paid activists both before and after the 2016 presidential campaign, and as The Washington Times reports,he may have a point.
Job ads running in more than 20 cities offer $2,500 per month for agitators to demonstrate at this week’s presidential inauguration events.
Demand Protest, a San Francisco company that bills itself as the “largest private grassroots support organization in the United States,” posted identical ads Jan. 12 in multiple cities on Backpage.com seeking “operatives.”
“Get paid fighting against Trump!” says the ad.
“We pay people already politically motivated to fight for the things they believe. You were going to take action anyways, why not do so with us!” the ad continues. “We are currently seeking operatives to help send a strong message at upcoming inauguration protests.”
The job offers a monthly retainer of $2,500 plus “our standard per-event pay of $50/hr, as long as you participate in at least 6 events a year,” as well as health, vision and dental insurance for full-time operatives.
While there have been “fake” ads in the past, as The Washington Times notes, if the Demand Protest ads are ruses, however, someone has gone to a great deal of trouble to sell the scam.
The classifieds are running in at least two dozen cities, including Los Angeles, New York, Chicago, Dallas and Houston, and the company operates a slick website that includes contact information.
A San Francisco phone number listed on the website was answered with a voice-mail message identifying the company by name. A request for comment left Monday evening was not immediately returned.
The website, which says that the company has provided 1,817 operatives for 48 campaigns, promises “deniability,” assuring clients that “we can ensure that all actions will appear genuine to media and public observers.”
“We are strategists mobilizing millennials across the globe with seeded audiences and desirable messages,” says the website. “With absolute discretion a top priority, our operatives create convincing scenes that become the building blocks of massive movements. When you need the appearance of outrage, we are able to deliver it at scale while keeping your reputation intact.”
A U.S. diplomatic cable made public by WikiLeaks provides evidence that U.S. troops executed at least 10 Iraqi civilians, including a woman in her 70s and a 5-month-old infant, then called in an airstrike to destroy the evidence, during a controversial 2006 incident in the central Iraqi town of Ishaqi.
[The above] cell phone photo was shot by a resident of Ishaqi on March 15, 2006, of bodies Iraqi police said were of children executed by U.S. troops after a night raid there. Here, the bodies of the five children are wrapped in blankets and laid in a pickup bed to be taken for burial. A State Department cable obtained by WikiLeaks quotes the U.N. investigator of extrajudicial killings as saying an autopsy showed the residents of the house had been handcuffed and shot in the head, including children under the age of 5. McClatchy obtained the photo from a resident when the incident occurred.
White House spokesman, Joshua Earnest, discussed the “pretty stark difference” between Ms. Manning’s case for mercy with Mr. Snowden’s. While their offenses were similar, he said, there were “some important differences.”
“Chelsea Manning is somebody who went through the military criminal justice process, was exposed to due process, was found guilty, was sentenced for her crimes, and she acknowledged wrongdoing,” he said. “Mr. Snowden fled into the arms of an adversary, and has sought refuge in a country that most recently made a concerted effort to undermine confidence in our democracy.”
He also noted that while the documents Ms. Manning provided to WikiLeaks were “damaging to national security,” the ones Mr. Snowden disclosed were “far more serious and far more dangerous.” (None of the documents Ms. Manning disclosed were classified
A consistent, sustainable investment process is vital to weathering all economic climates. The strength of our investment philosophy is based on an unwavering commitment to investing in quality businesses. We believe these quality companies possess sustainable competitive advantages, creating value as profitable businesses that can, over time, provide attractive returns with less risk than the overall-market.
We are extremely-selective.
From a pool of over 5,000publicly-traded
U.S. companies, fewer than 250 companies meet our initial threshold for inclusion in the Jensen Quality Universe. The first step in defining our investment universe is to identify all U.S. companies with a market capitalization of $1 billion or more. The Jensen Quality Universe then includes only those businesses that have produced a return on shareholder equity of 15% or greater in each of the past ten years, as determined by the Investment Team. We search for quality companies by targeting exceptional business performance combined with endurance. For those businesses that qualify, we have found the stamina of these quality businesses to be powerful; possessing sustainable competitive advantages and producing consistent earnings growth which, when compounded, can deliver tremendous value to shareholders.
Jensen Quality Growth Fund Commentary
U.S. Performance Summary
The U.S. equity market, as measured by the S&P 500 Index, produced a return of 3.82% during the fourth quarter. Economic positives such as strengthening employment figures and increased U.S. corporate profit forecasts provided a supportive backdrop. However, in anticipation of the U.S. general election, the market traded down through early November. Post the election, in contrast, the S&P 500 index rallied strongly, favoring the Financials and Energy sectors while disregarding the Information Technology and Consumer Discretionary sectors.
The Jensen Quality Growth Fund ended the quarter with a positive return, but underperformed the S&P 500 Index. The Fund fared well in the pre-election weakness, which provided a measure of downside protection. For the whole quarter, positive stock selection in Information Technology and Health Care boosted relative performance. The Fund’s underweight in Financials was the primary detractor from relative performance. Stock selection in Materials also negatively impacted performance.
At the company level, the Fund’s top performer this quarter was UnitedHealth Group (UNH), the largest health insurer in the U.S. Our long-term investment thesis for UnitedHealth…
This week, Congress passed a budget calling for increasing federal spending and adding $1.7 trillion to the national debt over the next ten years. Most so-called “fiscal conservatives” voted for this big-spending budget because it allows Congress to repeal some parts of Obamacare via “reconciliation.” As important as it is to repeal Obamacare, it does not justify increasing spending and debt.
It is disappointing, but not surprising, that the Obamacare repeal would be used to justify increasing spending. Despite sequestration’s minor (and largely phony) spending cuts, federal spending has increased every year since Republicans took control of the House of Representatives. Some will attribute this to the fact that the Republican House had to negotiate with a big-spending Democratic president — even though federal spending actually increased by a greater percentage the last time Republicans controlled the White House and Congress than it did under President Obama.
The history of massive spending increases under unified Republican control of government is likely to repeat itself. During the presidential campaign, President-elect Donald Trump came out against reducing spending on “entitlements.” He also called for a variety of spending increases, including spending one trillion dollars on infrastructure.
One positive part of the infrastructure proposals is their use of tax credits to encourage private sector investments. Hopefully this will be the first step toward returning responsibility for building and maintaining our nation’s infrastructure to the private sector.
Unfortunately, the administration appears likely to support increased federal spending on “shovel-ready” jobs. Claims that federal spending helps grow the economy rely on the fallacy of that which is not seen. While everyone sees the jobs and economic growth created by government infrastructure projects, no one sees the greater number of jobs that could have been created had the government not taken the resources out of the hands of private businesses, investors, and entrepreneurs. Despite what some conservatives seem to think, this fallacy applies equally to Republican and Democrat spending.
President-elect Trump has criticized the past two administrations’ reckless foreign policy, and he has publicly shamed the powerful Lockheed Martin company for wasting taxpayer money. Yet, he continues to support increasing the military budget and has called for increased military intervention in the Middle East.
In the end, it was Theresa May and not Trump which saw the Russell 2000 cut through support and confirm the earlier ‘bull trap’. This change coincided with a ‘sell’ trigger in +DI/-DI. Only stochastics are hanging on to its ‘buy’ signal.
The S&P experienced heavier volume distribution, but there wasn’t a big percentage loss, nor was there a break from the consolidation range
It was a similar story for the Nasdaq. It took a greater relative loss than the S&P, but it didn’t challenge support from the breakout. However, look for such a test tomorrow. All supporting technicals remain in the green.
With the bank holiday weekend over, traders can again look to push the Trump/May agenda. Shorts can remain tied to the Russell 2000 – shorting rallies as they emerge. Longs should to Large Cap indices and the short covering which is likely to follow once trading range resistance is breached.
You’ve now read my opinion, next read Douglas’ blog.
I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for “fallond”.
It has not taken much in the past to get the crazy out of Democrat Maxine Waters, and MSNBC’s Chris Matthews was the perfect catalyst for the Californian congresswoman to explain why Trump’s presidency is “not legitimate,” and why he should be impeached…
We strongly suggest you put down any sharp objects, and ask the children to leave the room, before watching the following debacle…
Some key excerpts…
Waters went as far as to suggest that the nicknames Trump used against all his political opponents, even Republicans, were fed to him by Russia.
“If we discover that Donald Trump or his advocates played a role to help provide strategy – if they’re the ones who came up with ‘Crooked Hillary,’ if they’re the ones who came up with, ‘she’s ill, something’s wrong with her energy,’ and the way that he basically described her during the campaign – I think that is something that would put the question squarely on the table whether or not he should be impeached.”
“So, you think you can commit an impeachable offense before you take office?” Matthews probed further.
“Well, I think that at the point that investigations discover and confirm and can document any of that role in helping to strategize - they had a role in attempting to determine the outcome,” Waters said, not answering the question.
She attempted further reasoning on the fly, again failing to deliver any logical conclusion:
“…In many ways they used the information they got when they hacked into emails etc. — if that was used against Hillary Clinton in some way, yes I think that’s impeachable.” Waters suggested.
Matthews also suggested that “Russian television was running a lot of propaganda that Hillary was mentally and physically impaired. That was their – That was the propaganda message.”
“Do you believe that Trump is somehow being held hostage by Vladimir Putin because of information on his behavior?” Matthews then asked, despite the fact that the story was revealed to be totally fake last week.
“You know, what we have heard, not in the classified briefing, but in this information about the dossier that has been collected by the
The Blue Tower Global Value strategy returned 4.98% gross of fees in Q4 2016 (4.66% net) and for the year of 2016 returned 34.83% gross of fees (33.36% net). 2016 has been an excellent year for the firm’s str...
A curious sight was observed in the skies above Area 51 in Nevada, on November 8, the day Donald Trump was elected President, by vacationing air traffic controller Phil Drake. According to Drake, the photographs below all taken by him, show a Russian-built Su-27P fighter jet taking on a US Air Force F-16 engaged in a mock dogfight training mission.
In the end, it was Theresa May and not Trump which saw the Russell 2000 cut through support and confirm the earlier 'bull trap'. This change coincided with a 'sell' trigger in +DI/-DI. Only stochastics are hanging on to its 'buy' signal.
The S&P experienced heavier volume distribution, but there wasn't a big percentage loss, nor was there a break from the consolidation range
The US Dollar has been moving higher for nearly a decade, as the trend is up. Could the trend be changing? Could King Dollar loose strength here? If King Dollar would turn lower, what opportunities will present themselves?
Below looks at a chart of the US Dollar over the past 30-years, on a “Monthly Hi/Lo/Closing” basis-
CLICK ON CHART TO ENLARGE
The US Dollar finds itself in an uptrend and testing the underside of dual resistance at (1). With the trend being up, if King ...
In January 2016, as the Chinese stock market was taking a dip along with the SP500, Fed officials made some choice comments. One year later we review..
"To me, it is not as surprising than maybe to some commentators that we're seeing a weaker data in terms of manufacturing. This seems to be part of a process that's been going on in the last couple of years. We have been seeing pretty good data out of China on consumer spending in some of the other areas, so I'm not as concerned about that." – Jan 4, 2016 - SF Fed President John Williams ...
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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.
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Sam Brownback, the Kansas governor whose tax cuts brought him political turmoil, recurring budget holes and sparse evidence of economic success, has a message for President-elect Donald Trump: Do what I did.
In 2013, Mr. Brownback set out to create a lean, business-friendly government in his state that other Republicans could replicate. He now faces a $350 million deficit when the Kansas legislature convenes in January and projections of a larger one in 2018. The state’s economy is flat and his party is fractured...
Come join us for the Phil's Stock World's Conference in Las Vegas!
Date: Sunday, Feb 12, 2017 and Monday Feb 13, 2017.
Beginning Time: 8:00 am Sunday morning
Location: Caesar's Palace in Las Vegas
Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)
Note: The material presented in this commentary is provided for
informational purposes only and is based upon information that is
considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW)
nor its affiliates
warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.
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