Archive for the ‘Topic’ Category

ISM Weaker Than Expected, Details Weak, Exports Contract Third Month

Courtesy of Mish.

Those expecting a boost from the ISM report for August were disappointed today.

The Bloomberg Consensus estimate for ISM was 52.8, with a range of 51.5 to 54.0. The report was below any economist’s expectation at 51.1.

The ISM index, at a lower-than-expected 51.1, is signaling the slowest rate of growth for the factory sector since May 2013. And the key details are uniformly weak.

New orders, at 51.7, are at one of the slowest rates of monthly growth of the recovery, since April 2013. Backlog orders, at 46.5, are in a third month of contraction. New export orders, at 46.5, are also in their third straight month of contraction and are at the lowest rate since July 2012.

ISM’s sample wasn’t hiring much in August, at 51.2 for a 1.5 point decline from July and the weakest reading since April. Production slowed and prices paid, at only a 39.0 level last since in March, points to deflationary pressures.

The good news for the economy is that this report failed to pick up the auto-led surge that lifted the factory sector noticeably in June and July. Still, the ISM is followed closely and will raise doubts, justifiably or not, over a September 17 rate hike.

ISM Details

Let’s investigate all the details of today’s report straight from the Institute for Supply Management Manufacturing ISM® Report On Business® released this morning.

Index Aug Jul PP Change Direction Rate of Change Trend in Months
PMI® 51.1 52.7 -1.6 Growing Slower 32
New Orders 51.7 56.5 -4.8 Growing Slower 33
Production 53.6 56.0 -2.4 Growing Slower 36
Employment 51.2 52.7 -1.5 Growing Slower 4
Supplier Deliveries 50.7 48.9 +1.8 Slowing From Faster 1
Inventories 48.5 49.5 -1.0 Contracting Faster 2
Customers’ Inventories 53.0 44.0 +9.0 Too High From Too Low 1
Prices 39.0 44.0 -5.0 Decreasing Faster 10
Backlog of Orders 46.5 42.5 +4.0 Contracting Slower 3
Exports 46.5 48.0 -1.5 Contracting Faster 3
Imports 51.5 52.0 -0.5 Growing Slower 31

Key Points

  • Backlog of orders are in contraction
  • Growth in new orders plunged but still positive
  • Customer inventories surged (not a good sign for future orders)
  • Exports contracting faster for the third month
  • Prices have plunged 

There’s nothing in the ISM report to make the Fed want to hike, but the Fed will do what they want.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com



Continue Here





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Global markets are melting down (Business Insider)

Global markets are getting smoked again.

Dow futures are down 323 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points.

futures

U.K. Stocks Fall as Investors Weigh Data Showing China Slowdown (Bloomberg)

U.K. stocks declined as investors considered further indications that the Chinese economy is slowing down.

Bwin.party Digital Entertainment Plc dropped 1.5 percent after its takeover battle took another twist with a revised proposal from 888 Holdings Plc. BP Plc slid 1 percent as oil’s biggest three-day rally in 25 years stalled before U.S. government data forecast to show crude stockpiles expanded.

Dollar slides against yen as weak China data spur safe-haven demand (Market Watch)

The dollar slumped against the yen on Tuesday, as a fresh bout of weakness in global stock markets following weak Chinese data sent investors scurrying to the perceived safety of the Japanese currency.

The greenback USDJPY, -1.04%  fetched ¥119.59, down from ¥121.22 late Monday in New York.

A major warning from the most reliable bellwether of the world economy (Business Insider)

South Korean exports plunged 14.7% in August from a year ago. This was much worse than the 5.9% decline expected by economist. And it was the biggest drop since August 2009

This is a troubling sign as Korea's exports represent the world's imports. Because it is the first monthly set of hard economic numbers from a major economy, economists across Wall Street dub South Korean exports as the global economic "canary in the coal mine."

korea exports

China Said to Ask Brokerages to Boost Market and Buy Back Shares (Bloomberg)

China’s securities regulator asked brokerages to step up their support for share prices by contributing 100 billion yuan ($15.7 billion) to the nation’s market rescue fund and increasing stock buybacks, according to people familiar with the matter.

The China Securities Regulatory Commission gave the order on rescue-fund contributions at a meeting with representatives


continue reading





China PMI Contracts Fastest Since February-March 2009

Courtesy of Mish.

China manufacturing and services are both in contraction at the fastest rate since early 2009.

The Caixin China General Manufacturing PMI shows operating conditions deteriorate at fastest rate since March 2009.

Chinese manufacturers saw the quickest deterioration in operating conditions for over six years in August, according to latest business survey data. Total new orders and new export business both declined at sharper rates than in July, and contributed to the most marked contraction of output since November 2011. Lower production requirements prompted companies to reduce their purchasing activity at the fastest rate since March 2009, while weaker client demand led to the first rise in stocks of finished goods in six months. Meanwhile, softer demand conditions contributed to marked falls in both input costs and output charges in August.

Key Points

  • Output contracts at quickest rate in 45 months as new business falls solidly
  • Purchasing activity declines at sharpest rate since March 2009
  • Input costs and output charges both fall at marked rates

China Manufacturing PMI

Composite Contract Most Since February 2009

The bad news in China does not stop with manufacturing. Markit reports the Caixin China General Services PMI has the fastest contraction of output seen since February 2009.

Key points

  • Composite output and new orders both contract for the first time in 16 months
  • Job shedding intensifies at manufacturers, while employment rises only fractionally at service providers
  • Composite input costs and output charges continue to fall

By now it should be perfectly clear to everyone that the entire global economy is cooling and the US will not decouple from that slowdown. Nonetheless, most economists, including those at the Fed, still do not see the obvious.

Mike “Mish” Shedlock



Continue Here





Greece Loses 17,000 Jobs in July, Most Since 2001

Courtesy of Mish.

It's no wonder Greek prime minister Alexis Tsipras wanted elections now rather than later. He does not want the grim news of job losses and austerity to hit when he is more vulnerable.

Tsipras' problem may well be that he is too late.

Via translation from Libre Mercado, The Greek Economy Lost 17,000 Jobs in July, the Worst Result Since 2001.

Industrial production recorded a record drop in July, according to estimates by Markit.

 

In addition, capital controls, have resulted in record job losses according to data published on Monday the National Confederation of Commerce and Companies (ESEE ).

Consequently, economic sentiment has suffered an unprecedented collapse, returning to its lowest level since the start of the crisis.

According to the local press, Greece destroyed about 17,000 jobs in July, the worst result since 2001. In addition, another 40,000 people went to work part time from full time, with a consequent reduction in salary.

What a disaster.

Mike "Mish" Shedlock

 




Getting Started – The Hardest Part of Investing

 

Getting Started – The Hardest Part of Investing

Courtesy of The Banker

Let's start at the very beginning, a very good place to start...

“Let’s start at the very beginning, a very good place to start,” sings my children’s favorite nanny-from-the-movies, Maria.

School started for my girls this week, so I’m in the mood for new beginnings. New school uniforms, freshly sharpened #2 pencils, and lined notebooks still unblemished with unicorn stickers.

Besides inheritance (obviously the very best way, because remember your first $5.43 Million arrives tax free!) the next two best ways for a person to get wealthy are investing throughout your lifetime, and starting a business.[1]

Neither of these two methods – slow-and-steady investing beginning at a young age or entrepreneurship – require extraordinary talent or prior knowledge. In fact, the biggest common barrier to both methods is simply getting started.

But how does one even do that? Let’s not under-estimate the difficulty of the “getting started” part!

discount_brokerage_firms

I have a reader who regularly emails me to the effect (I’m paraphrasing a bunch of his emails) “You need to tell everybody – especially young people – how to call up a brokerage company and how to buy their first stock or mutual fund. They don’t need special knowledge, they just need to get started now, contribute regularly, and never sell. And they’ll end up rich.”

Of course he’s right. You should all totally do this.[2]

Even so, many will resist the advice.

A managerie of discount brokers. Sadly, none of them pay me to list their brands

My question back to my reader: How do we get people to start at the very beginning?

I really don’t know how to fulfill my reader’s wish of inducing people to call up a brokerage firm, open up an account, and buy their first stock or mutual fund. I wish I had the words to express the importance of beginning, like, right now.

famous_goethe_quote_beginning

Goethe didn’t really say this, but…

The German writer Johann Wolfgang von Goethe didn’t really say, but…
continue reading





Re: the Death Cross

Michael Batnick studies the "death cross" and finds that the 50-day moving average crossing below the 200-day moving average is a short-term bad sign but post-death cross life is not as bad as the name suggests. 

Re: the Death Cross

Courtesy of Joshua Brown

Michael Batnick, our firm’s director of research, goes toe to toe with the Death Cross fixation among traders and the financial media:

On Friday the S&P 500 experienced what is known as a “death cross.” This is when the 50-day moving average crosses below the 200-day moving average and as you can guess by the name, is allegedly a negative signal for stocks moving forward.

A lot of work has been done to debunk the myth of the death cross and yet we continue to hear about it whether it’s in an index, a sector or a specific stock. Here are two reasons why it refuses to go away: 1) It sounds ominous, people love that and 2) over the last fifty years, a death cross occurred before each of the ten worst years. Not only did they appear but in eight of those ten years the indicator was quite timely, saving those who listened from further downside.

So if it identified the very worst years, wouldn’t it be foolish to dismiss this as a valid indicator?

Keep reading:

Beware the (stories of) the death cross (Irrelevant Investor)

Picture via Pixabay.

 





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Summer's Over Get Smart on Cash Flow and Become a Very Serious Investor (Bloomberg)

In 1863, the Dowlais Iron Company had recovered from a business slump, but had no cash to invest for a new blast furnace, despite having made a profit. To explain why there were no funds to invest, the manager made a new financial statement that was called a comparison balance sheet, which showed that the company was holding too much inventory. This new financial statement was the genesis of [the] cash flow statement that is used today. In the United States in 1973, the Financial Accounting Standards Board (FASB) defined rules that made it mandatory under Generally Accepted Accounting Principles (US GAAP) to report sources and uses of funds, but the definition of "funds" was not clear. Net working capital might be cash or might be the difference between current assets and current liabilities.  — The Cash Flow Statement, Wikipedia.

selloff stocks marketsA big bank's glitch adds to confusion on Wall St. (CNN)

The past week has featured an unprecedented 1,000-point plunge for the Dow, dramatic stock market rebounds and mini-flash crashes for General Electric (GE) and some exchange-traded funds.

As if those events weren't enough, a technology glitch is adding to the confusion.

Dow posts worst August decline in 17 years (Market Watch)

The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China.

As far as Augusts go, this has been the worst in nearly two decades for the Dow Jones Industrial Average DJIA, -0.69%

A service truck drives past an oil well on the Fort Berthold Indian Reservation in North Dakota, November 1, 2014.   REUTERS/Andrew Cullen  Stocks Fall, Oil Explodes Higher: Here's what you need to know (Business…
continue reading





Say Goodbye to Normal

 

Say Goodbye to Normal

Courtesy of James Howard Kunstler

The tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis — regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which means, in particular, the business cycle of the standard economics textbooks. Those cycle are dying.

They’re dying because there really are Limits to Growth and we are now solidly in grips of those limits. Only we can’t recognize the way it is expressing itself, especially in political terms. What’s afoot is a not “recession” but a permanent contraction of what has been normal for a little over two hundred years. There is not going to be more of everything, especially profits, and the stock buyback orgy that has animated the corporate executive suites will be recognized shortly for what it is: an asset-stripping operation.

What’s happening now is a permanent contraction. Well, of course, nothing lasts forever, and the contraction is one phase of a greater transition. The cornucopians and techno-narcissists would like to think that we are transitioning into an even more lavish era of techno-wonderama — life in a padded recliner tapping on a tablet for everything! I don’t think so. Rather, we’re going medieval, and we’re doing it the hard way because there’s just not enough to go around and the swollen populations of the world are going to be fighting over what’s left.

Actually, we’ll be lucky if we can go medieval, because there’s no guarantee that the contraction has to stop there, especially if we behave really badly about it — and based on the way we’re acting now, it’s hard to be optimistic about our behavior improving. Going medieval would imply living within the solar energy income of the planet, and by that I don’t mean photo-voltaic panels, but rather what the planet might provide in the way of plant and animal “income” for a substantially smaller population of humans. That plus a long-term resource salvage operation.

All the grand movements of stock indexes and central banks are just a diverting sort of stagecraft within…
continue reading





Witch Hunt Victim “Confesses”: Word Police in China vs. Word Police in US

Courtesy of Mish.

Witch Hunt Review

As I noted earlier today China Starts Witch Hunt for Those Obstructing Government Efforts to Prop Up Stocks.

Public Confession

It took less than a day for a victim of the witch hunt to be rounded up for public display. The Financial Times reports China Reporter Confesses to Stoking Market ‘Panic and Disorder’.

A leading journalist at one of China’s top financial publications has admitted to causing “panic and disorder” in the stock market, in a public confession carried on state television.

The detention of Wang Xiaolu, a reporter for Caijing magazine, comes amid a broad crackdown on the role of the media in the slump in China’s stock market, which is down about 40 per cent from its June 12 peak. Nearly 200 people have been punished for online rumour-mongering, state news agency Xinhua reported at the weekend.

“I shouldn’t have released a report with a major negative impact on the market at such a sensitive time. I shouldn’t do that just to catch attention which has caused the country and its investors such a big loss. I regret . . . [it and am] willing to confess my crime,” [said Xiaolu]

When the market turmoil began in June, Beijing imposed restrictions on media reporting of the stock market. The independent China Digital Times, which monitors internet censorship in the country, said in June media were told to avoid stoking panic.

Do not conduct in-depth analysis, and do not speculate on or assess the direction of the market,” it reported an official directive as saying. “Do not exaggerate panic or sadness. Do not use emotionally charged words such as ‘slump’, ‘spike’ or ‘collapse’.”

Word Police US Style

With thanks to reader Mark for the link,  Campus Reform reports that Professors Threaten Bad Grades for Saying Oppressive Words.

Multiple professors at Washington State University have explicitly told students their grades will suffer if they use terms such as “illegal alien,” “male,” and “female,” or if they fail to “defer” to non-white students.

According to the syllabus for Selena Lester Breikss’ “Women & Popular Culture” class, students risk a failing grade if they use any common descriptors that Breikss considers “oppressive and hateful language.”



Continue Here





Nicole Foss Talks Energy, Psychology, Collapse and The Future

Courtesy of The Automatic Earth.



Dorothea Lange Hoe culture in the South. Poor white, North Carolina July 1936

Nicole Foss recently participated in a live Google Hangouts (not Skype. I’m told) ‘forum’ discussion at the Doomstead Diner site that also included among others, Gail Tverberg, Steve Ludlum, Norman Pagett and Ugo Bardi. Apologies for the fact that I haven’t watched the videos yet and I’m getting the details as I go, so my info will be a bit sketchy.

I’ll run this in episodes. Today’s post contains episode 4. Previously, I posted episode 2 and 1,

Nicole Foss Talks Economics At The End Of The Age Of Oil

and

Nicole Foss Talks Energy Industry Issues and Oil Price Collapse.

Episode 3 has apparently not even been recorded yet, but we’ll post it as soon as it is available,

Part IV- Futurology

The Doomstead Diner site blurb:

Renewable Energy
One of the biggest hopes as the fossil fuels run thin or become too expensive to dig up is a switch to renewable forms of energy. How can such forms of energy be utilized, and how much of our current technological society can be maintained with the renewables?

Building Community
As the larger structures of society begin to break down, a more localized organizational structure will become necessary, both on the food production and distribution level as well as new political organizations. How can communities come together and create the kind of structures necessary for a low per capita energy society of the future?

Psychology of Collapse
Collapse is creating many psychological issues and problems as it progresses and accelerates. More people are under more stress all the time, losing jobs, losing their homes to foreclosure, becoming homeless, waiting on long bread lines for food aid etc. We read daily about increasing suicide rates and the number of mass shootings is also on the increase, recently there were 142 mass shootings catalogued in 142 days, 1 every day. How can we handle these psychological problems that are cropping up, and likely will worsen as the overall economy worsens?

Prognosticating the Future
The toughest part in all of these discussions is trying to figure out what is going to occur in the future,…
continue reading





 
 
 

All About Trends

Mid-Day Update

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

Click here for the full report.




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

more from David

Phil's Favorites

ISM Weaker Than Expected, Details Weak, Exports Contract Third Month

Courtesy of Mish.

Those expecting a boost from the ISM report for August were disappointed today.

The Bloomberg Consensus estimate for ISM was 52.8, with a range of 51.5 to 54.0. The report was below any economist's expectation at 51.1.
The ISM index, at a lower-than-expected 51.1, is signaling the slowest rate of growth for the factory sector since May 2013. And the key details are uniformly weak.

New orders, at 51.7, are at one of the slowest rates of monthly growth of the recovery, since April 2013. Backlog orders, at 46.5, are in a third month of contraction. New export orders, at 46.5, are also in their third straight month of contraction and are at the lowest rate since July 2012.
...



more from Ilene

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Global markets are melting down (Business Insider)

Global markets are getting smoked again.

Dow futures are down 323 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points.

U.K. Stocks Fall as Investors Weigh Data Showing China Slowdown (Bloomberg)

U.K. stocks declined as investors considered further indications that the Chinese economy is slowing down.

Bwin.party Digital Entertainment Plc dropped 1.5 percent after its takeover battle took another twist with a revised&...



more from Paul

Zero Hedge

How The US State Department Help Desk Unexpectedly "Discovered" Hillary Clinton's Personal Email

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The following exchange, released as part of the most recent data dump by Hillary Clinton in which she unveiled over 7,000 pages of "non-personal" emails, and which is the direct result of the scandal erupting once it was revealed that Hillary Clinton had a personal email account (hdr22@clintonemail.com) and a personal email server which supposedly nobody knew about, reveals that not only did the State Department help desk know about said personal email as early as 2010, but that revelation led to the following delightf...



more from Tyler

Kimble Charting Solutions

Nikkei (Japan) topped last 5 times it was here, its back again!

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

Could a price zone that started impacting the Nikkei 30-years ago still impact it again today? Well it looks like it is!

The Nikkei found the 21,000 level, line (1), to be support several times between 1987 and 1992. Once this support broke it then switched from a support to a resistance level.

As you can see several times from 1992 to 2000 the Nikkei ran into this resistance zone and failed to solidly break above it, leading to a top numerous times. The last time it hit this resistance zone was back in 2000. After failing to break above resistance then, it ...



more from Kimble C.S.

Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Friday, 24 July 2015, 03:08:15 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: The Guerrilla Economist on Greece, China, Petrodollar...http://youtu.be/31bYU7v0jbc



Date Found: Friday, 24 July 2015, 04:11:54 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: For the first time since records began, hedge funds are net short gold futures, according to CFTC data...RTT: The smack down effect is minimal. The shake out has born little fruit, lower prices have created massive demand for physical, lower prices will destroy anti gold intent making gold ugly.


...

more from Chart School

OpTrader

Swing trading portfolio - week of August 31st, 2015

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

 

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

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

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

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



more from OpTrader

Insider Scoop

Lowered Miner Estimates Lead To Southern Copper Downgrade

Courtesy of Benzinga.

Related SCCO How To Play Copper Long Term Amid A Low Prices Environment HSBC Initiates Southern Copper At Buy
  • Southern Copper Corp (NYSE: SCCO) shares are down 8 percent in the last three months, even after picking up momentum last week and rising 6 percent.
  • JP Morgan’s Rodolfo Angele downgraded the rating on the company from Overweight to Neutral, while reducing the price targ...


http://www.insidercow.com/ more from Insider

Sabrient

Sector Detector: Finally, market capitulation gives bulls a real test of conviction, plus perhaps a buying opportunity

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

Courtesy of Sabrient Systems and Gradient Analytics

The dark veil around China is creating a little too much uncertainty for investors, with the usual fear mongers piling on and sending the vast buy-the-dip crowd running for the sidelines until the smoke clears. Furthermore, Sabrient’s fundamentals-based SectorCast rankings have been flashing near-term defensive signals. The end result is a long overdue capitulation event that has left no market segment unscathed in its mass carnage. The historically long technical consolidation finally came to the point of having to break one way or the other, and it decided to break hard to the downside, actually testing the lows from last ...



more from Sabrient

ValueWalk

Some Hedge Funds "Hedged" During Stock Market Sell Off, Others Not As Risk Focused

By Mark Melin. Originally published at ValueWalk.

With the VIX index jumping 120 percent on a weekly basis, the most in its history, and with the index measuring volatility or "fear" up near 47 percent on the day, one might think professional investors might be concerned. While the sell off did surprise some, certain hedge fund managers have started to dip their toes in the water to buy stocks they have on their accumulation list, while other algorithmic strategies are actually prospering in this volatile but generally consistently trending market.

Stock market sell off surprises some while others were prepared and are hedged prospering

While so...



more from ValueWalk

Digital Currencies

Bitcoin Battered After "Governance Coup"

Courtesy of ZeroHedge. View original post here.

Naysyers are warning that the recent plunge in Bitcoin prices - from almost $318 at its peak during the Greek crisis, to $221 yesterday - is due to growing power struggle over the future of the cryptocurrency that is dividing its lead developers. On Saturday, a rival version of the current software was released by two bitcoin big guns. As Reuters reports, Bitcoin XT would increase the block size to 8 megabytes enabling more transactions to be processed every second. Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on with some believing ...



more from Bitcoin

Pharmboy

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 ...



more from Pharmboy

Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

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

Since...



more from M.T.M.

Promotions

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

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

 

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

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

more from Promotions

Help One Of Our Own PSW Members

"Hello PSW Members –

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

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




FeedTheBull - Top Stock market and Finance Sites



About Phil:

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

Learn more About Phil >>


As Seen On:




About Ilene:

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

Market Shadows >>