Archive for the ‘Topic’ Category

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Dollar on defensive, Asia stocks subdued amid U.S. trade unease (Reuters)

The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump's focus on trade protectionism fuelled suspicions his administration might seek a competitive advantage through a weaker currency.

The head of the biggest exchange group in the world on Trump, China, and handling $1 quadrillion in trading (Business Insider)

Terrence "Terry" Duffy is a popular man.

Upon visiting the CME Group office in New York on January 11 to speak with Duffy, chairman and CEO at the $40 billion exchange group, I had a security guard scope me out. He joked he wasn't going to let me hurt "my Terry."

Central Banks Embrace Risk in Era of Low Rates (The Wall Street Journal)

By keeping interest rates low and in some cases negative, central banks have prompted some of the most conservative investors to join the hunt for higher returns: Other central banks.

Bitcoin is shrugging off some big news of out of China (Business Insider)

Bitcoin is little changed at $924 a coin as of 7:26 a.m. ET.

Monday's flat session comes despite some big news out of China. According to Reuters, the country's three largest bitcoin exchanges announced plans to begin charging a flat fee of 0.2% for each transaction. 

SEC Probes Whether Companies Are Misusing Adjusted Earnings Metrics (The Wall Street Journal)

The Securities and Exchange Commission’s enforcement division has informed some companies in recent weeks that it is examining their use of adjusted earnings measures, according to people familiar with the matter.

OPEC Shrugs Off Threat of U.S. Cutting Oil Imports (Bloomberg)

OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad.

The Trump effect has rallied US markets – but it's based on illusion (The Guardian)

Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are


continue reading





Become the Landlord of Your Stocks

This article can be applied to the act of selling options. When you sell a covered call, for example, you are using your stock position to collect premium as you sell someone the right to buy the property (stock) from you at a specific price in the future. It's like renting your shares. A strategic use of options (which we teach) can help you to be a better landlord of your stock portfolio. 

Become the Landlord of Your Stocks

Courtesy of Wade of Investing Caffeine

modern-apartments-1203635

“Why do you buy stocks?” Unfortunately, many people do not truly understand how to answer that particular question. If they were honest with themselves, many stockholders would respond by saying, “Because they are going up in price,” or maybe, “My neighbor told me to buy stock XYZ.” However, if somebody asked the same question regarding the purchase of a real estate property or an apartment building, would the answer be the same? The short answer is…probably not. There certainly could be some people who answer the stock versus real estate valuation question in the same way, but in general, real estate investors understand the tangibility and relevant factors of a property better than equity investors understand the jargon and abstract nature of most stocks.

There are many ways to value an asset, but in many cases, the value of an asset is spontaneously left in the eye of the beholder. Nevertheless, there is one common approach, applicable across asset classes, which is the net present value or discounted cash flow approach. This valuation methodology basically states any asset is worth the cumulative value of cash inflows minus the value of cash outflows, after adjusting that netted figure for time and interest rates.

In the case of an apartment building, a layman generally understands the basic valuation concept behind adding up the relevant cash inflows and cash outflows. For example, being a landlord of an apartment building involves simple rent collection (cash inflows) in addition to maintenance, repairs, construction costs, employee wages, taxes, and other payments (cash outflows). After making additional assumptions about future…
continue reading





India’s Downward Spiral Accelerates: “The Real Pain Is Just Beginning”

Courtesy of Jayant Bhandari at Acting-Man

India’s Prime Minister Narendra Modi announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender.

Sadly, the despondency visible in the old man’s facial expression has become a widespread phenomenon since the currency ban, particularly among India’s poor

Here are links to Part-I, Part-II, Part-III, Part-IV, Part-V, Part-VI, Part-VII, and Part-VIII, which not only provide updates on the demonetization saga, but explore and dissect India’s culture and why in this country of 1.34 billion – more than 1 out of every 6 human beings on the planet – so many exist in wretched poverty in this modern age, in an insect-like existence.

People storming a bank. If this is not an insect-like existence, what is it?

Oppression, exploitation, extreme stress, and the resulting millions of untimely deaths every year possibly make the story of the post-independent India one of the biggest crimes against humanity. Alas,it is getting worse.

As I explored in earlier updates, Indian institutions were designed to be run by the British. With them no longer at the helm, these institutions have mutated over the last 70 years to accommodate the underlying irrationality, tribalism, and superstitions of India. They have slowly but surely crumbled away, decaying and becoming degraded.

Indian democracy today is simply mob rule, its educational system little but propaganda, and its citizens are mere cogs in the service of the State. Indian institutions, including the Supreme Court, are far from independent. They are yes-men to India’s prime minister, the demagogue Narendra Modi.

India never properly assimilated the concepts of reason, liberty or individuality. When these concepts were offered by Europeans free of cost on a plate, Indians completely failed to take notice them. All they saw and copied was the facade of western lifestyle: clothing, music, cinema, food, etc.

Under Modi, India’s degradation has picked up pace. Today the country is a full-fledged banana republic. However, all of this had to happen eventually, with or without Modi. India is


continue reading





Another Australia Home Builder Goes Bust

Courtesy of Mish.

Since June, at lest six home builders in Australia have gone bust. Builton Group is the latest, with 80 Homes in Limbo.

builton

Burswood-based builder Builton Group, which trades under the brands Platinum Homes and Aspireon Homes, seems poised to join the growing list of residential builders in Western Australia gone bust.

WAtoday understands around 80 homebuyers could be impacted, with approximately 50 homes under construction and around 20 to 30 at the pre-start stage.

Calls to its offices on Friday went unanswered – and WAtoday understands the company’s staff, up to 90 people, had been told not to come to work on Monday.

The expected closure comes two months after Collier Homes went into liquidation in November and high-end builder Quattro Homes being placed into administration in September.

Pitaro Homes and Nominated Homes went into liquidation in August following the collapse of Geraldton-based builder Shane Crothers Homes in June.

Out of Business

  • Builton Group
  • Collier Homes
  • Quattro Homes
  • Pitaro Homes
  • Nominated Homes
  • Shane Crothers Homes

@ProfSteveKeen Another Australia Home Builder Goes Busthttps://t.co/zkAoMhUFdH

It happens every cycle. Builders build until they go bust.

— Mike Mish Shedlock (@MishGEA) January 24, 2017

Mike “Mish” Shedlock


Original article here.





French Presidential Hopeful Fillon Challenges Merkel on Russia, Immigration, Turkey: Assessing Election Odds

Courtesy of Mish.

Regardless who wins the French presidential election in May, Angela Merkel may have a tough go of maintaining Franco-German solidarity.

Please consider François Fillon Urges Angela Merkel to Soften Stance on Russia.

François Fillon has urged Angela Merkel to soften her position towards Russia and harden her policies on migration, as France’s presidential frontrunner flew to Berlin for the first time since his victory in French centre-right primaries.

Speaking on Monday after meeting the German chancellor, Mr Fillon insisted on the need to restore better relations with Russian president Vladimir Putin, saying it would help to eradicate the Islamist terror threat to France and Germany rooted in war-torn Syria.

Mr Fillon said he opposed Brussels’ plan to spread refugees from the Middle East and Africa across the EU to share the burden of an unprecedented migration to Europe.

He also implicitly criticised Ms Merkel’s choice to engage Turkey in EU membership talks in exchange for Ankara’s commitment to keeping migrants on its soil.

“We have differences on the question of refugees and the economy? Let’s face up to them the better to overcome them,” Mr Fillon told German MPs and journalists at the Konrad Adenauer foundation, a conservative think-tank. “France cannot accept more refugees. The right to asylum does not equate to migratory disorder.”

Russia should “be a major partner”, Mr Fillon said in Berlin. “We need to get out of this deadlock that we put ourselves in and which does not benefit anyone,” he said.

Differences With Merkel

Assuming this comes down to the expected runoff between National Front candidate Marine le Pen and Republican candidate François Fillon, let’s assess that setup from the point of view of Merkel.

  • Fillon: Pro-Russia, anti-Turkey, Opposes Merkel’s refugee spreading
  • Le Pen: Pro-Russia, anti-Turkey, anti-immigration, anti-euro, anti-EU, Pro-Trump

Of course, this assumes the final pairing comes down that way.

Macron En Marche

Emmanuel Macron runs as an “outsider” for his newly founded En Marche party. His chance largely depends on ability to capture Leftist vote from the winner of the Socialist primary runoff between Benoît Hamon and Manuel Valls.

Macron plays himself up as a centrist who supports Merkel’s refugee policy. Can he win the Left vote on such a platform?

Socialist Round Two January 29


Continue reading here…





He Is Risen… But For How Long?

 

He Is Risen… But For How Long?

Courtesy of James Howard Kunstler

If the first forty-eight hours are any measure of the alleged Trumptopia-to-come, the leading man in this national melodrama appears to be meshuga. A more charitable view might be that his behavior does not comport with the job description: president. If he keeps it up, I stick to my call that we will see him removed by extraordinary action within a few months. It might be a lawful continuity-of-government procedure according to the 25th Amendment — various high officials declaring him “incapacited” — or it might be a straight-up old school coup d’état (“You’re fired”).

I believe the trigger for that may be an overwhelming financial crisis in the early second quarter of the year. In, the first case, under Section 4 of the 25th Amendment, it works like this:

Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Or else, it will be an orchestrated cabal of military and intelligence officers — not necessarily evil men — who fear for the safety of the nation with the aforesaid meshuganer in the White House, who is summarily arrested, sequestered, and replaced by an “acting president,” pending a call for an extraordinary new election to replace him by democratic means. I’m not promoting this scenario as necessarily desirable, but that’s how I think it will go down. It will be a sad moment in this country’s history, worse than the shock of John Kennedy’s assassination, which happened against the background of an economically stable Republic. History is perverse and life is tragic. And shit happens.

Returning to the first forty-eight hours of the new regime, first the ceremony itself: there was, to my mind, the disturbing sight of Donald Trump, deep in the


continue reading





The Myth Of The “Passive Indexing” Revolution

Courtesy of Lance Roberts via RealInvestmentAdvice.com

There is little argument that Exchange Traded Funds, more commonly referred to as “ETF’s” have and will continue to change the landscape of investing. As my colleague Cullen Roche penned:

“The rise of low-cost indexing is one of the most transformational trends in modern investing…The rise of low-cost diversified index funds has changed the meaning of an important debate in finance – the active vs passive debate.

Currently, the debate over “Active vs. Passive” is raging as article after article is penned discussing the money flows into ETFs.

For example, the Wall Street Journal published an article entitled “The Dying Business of Picking Stocks” stating:

Over the three years ended Aug. 31, investors added nearly $1.3 trillion to passive mutual funds and their brethren—passive exchange-traded funds—while draining more than a quarter trillion from active funds, according to Morningstar Inc.”

CNBC also jumped on the bandwagon with “Peak Passive? Money Is Gushing Out Of Actively Managed Funds.” 

“Investors bailed on actively managed funds in record numbers during 2016, preferring the reliability and low costs of index funds over taking a chance on finding a stock picker who could beat the market.”

It would certainly seem to be the case given the flow of funds over the last couple of years in particular as noted by ICI and shown in the chart below.

The exodus from actively managed mutual funds is occurring for four primary reasons.

  1. Expenses: The management fees on passive funds are extremely low as the funds do not require investment analysis. In fact, an excel spreadsheet with a few lines of macro coding can replace a traditional portfolio manager. The WSJ article found that fees are almost eight times higher for active funds than passive ones (.77% vs. .10%).
  2. Relative Performance: Not surprisingly, in a market that has been fueled by massive Central Bank interventions, passive funds have outperformed actively managed funds. In the aforementioned article, the WSJ found that over the last five years a meager 11.2% of U.S. large-company mutual funds (actively managed) outperformed the Vanguard 500 passive index fund. Of course, this is due to expense difference as


continue reading





Trump Kills TPP, Opposes “Border Adjustments”, Promises “Major Border Tax”: Trade Hardball

Courtesy of Mish

On January 16, president-elect Donald Trump chastised Paul Ryan for proposing “border adjustments”. Today President Trump promises a Major Border Tax and pulled the US out of TPP.

President Donald Trump said Monday the U.S. will impose a “very major” border tax on companies that move some operations overseas and signed a memorandum withdrawing the U.S. from the Trans-Pacific Partnership, as he sharpens his focus on recasting America’s international trade relations.

“We’ve been talking about this for a long time,” Mr. Trump said as he signed the order removing the U.S. from the trade pact with 11 other nations. He said the move will be a “great thing for the American worker.”

Before withdrawing from TPP, Mr. Trump met with business leaders at the White House and asked them to devise a plan to boost U.S. manufacturing.

Regulations, he said, have “gotten out of control,” and while he described himself as a friend of the environment, he said “some of that stuff makes it impossible to get anything done.”

“There will be no country that’s going to be faster, better, more fair,” Mr. Trump said.

He promised incentives for businesses that produce and hire in the U.S. but warned the leaders, “if you go to another country…we are going to be imposing a very major border tax.”

“We don’t have free trade because we’re the only one that makes it easy to come into the country,” Mr. Trump said.

Among the CEOs in attendance were the leaders of Ford Motor Co., Lockheed Martin Corp., Under Armour Inc., and Whirlpool Corp., according to the companies, as well as Michael Dell and Tesla Motors Inc. Chief Executive Elon Musk.

Dow Chemical Co. Chief Executive Officer Andrew Liveris said after the meeting that Mr. Trump asked them to come back to him within 30 days with specific ideas to boost U.S. manufacturing. He said Mr. Trump had to take a phone call halfway through the meeting but then invited the 12 chief executives to join him and continue their conversation in the Oval Office.

Mr. Liveris said the executives discussed at length with Mr. Trump his proposal to set up a


continue reading





This Video Is For Up-and-Coming Traders (Video)

Courtesy of EconMatters

We discuss two videos in one here, the first is some mentoring advice to struggling traders, and the last half is some specific market education that will help struggling traders develop some of the fundamentals needed to properly analyze daily price action in financial markets related to tracking the fund flows. Most people at Investment Banks are just faking it, because they will never make it on their own with a profitable Fund independent of Investment Bank Resource advantages.





El-Erian Warns “Investors Are Underestimating Sudden Policy Shifts”

Courtesy of Zero Hedge

Separate comments last week from European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen confirmed an ongoing change in the policy configuration facing their two systemically important central banks: The recognition of a transition in both economic conditions and prospects, along with questions about robustness and durability.

For now, Mohamed El-Erian notes, their response is to maintain a stimulative direction to their policies, and to use verbal guidance that avoids rocking the boat. Although it's consistent with investor expectations, the forward-looking policy path may not be as secure and smooth as market pricing would suggest, however.

As we noted previously, if the past 20 years of global historical data is anything to go by, that 'awakening' of economic policy uncertainty is very bad news…

And now, it appears Mohamed El-Erian agrees that markets and market participants are missing this uncertain picture…

Facing an unusually timid cyclical response and a challenged structural one, central banks have again demonstrated that they would rather err on the side of too much stimulus rather than too little, despite the risks entailed for future financial stability and the efficient allocation of resources. And that is what traders and investors have gotten to expect after observing and internalizing central banks' preferences over the last few years. Indeed, in the case of the U.S., market pricing related to the policy rate still suggests less tightening in 2017 than the three hikes indicated by the Fed at its most recent policy meeting and reiterated in subsequent statements by individual Fed officials. These more subdued interest-rate expectations also extend beyond 2017, to the medium-term path of policy rates, again notwithstanding what Fed officials have signaled about that.

But the more central banks persist with this approach amid changing economic and fiscal conditions, the greater the potential need for a sudden shift in monetary policy that, while economically warranted, could be quite jarring for markets. And it is a possibility that investors may be underestimating as judged by market metrics, including measures of implied volatility.

While the upward movement in yields further out the curve for U.S. government bonds would likely be contained by arbitrage flows from Europe


continue reading





 
 
 

Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Dollar on defensive, Asia stocks subdued amid U.S. trade unease (Reuters)

The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump's focus on trade protectionism fuelled suspicions his administration might seek a competitive advantage through a weaker currency.

The head of the biggest exchange group in the world on Trump, China, and handling $1 quadrillion in trading (Business Insider)

Terrence "Terry" Duffy is a popular man.

Upon visiting the CME Group office in New York on January 11 to speak with Duffy, chairman and CEO at the $40 billion exchange group...



more from Ilene

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Dollar on defensive, Asia stocks subdued amid U.S. trade unease (Reuters)

The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump's focus on trade protectionism fuelled suspicions his administration might seek a competitive advantage through a weaker currency.

The head of the biggest exchange group in the world on Trump, China, and handling $1 quadrillion in trading (Business Insider)

Terrence "Terry" Duffy is a popular man.

Upon visiting the CME Group office in New York on January 11 to speak with Duffy, chairman and CEO at the $40 billion exchange group...



more from Paul

ValueWalk

TRUMP TAX POLICY: Destination Based Cash Flow Tax - WATCH THIS SPACE

By Caleb Gibbons, CFA, FRM. Originally published at ValueWalk.

By Caleb Gibbons, CFA, FRM,– Originally at IBankCoin.

Corporate tax policy is very important for global investors, for obvious reasons. Trump’s first full week in the big chair is a good time to remind people of what the potential drivers are for relative valuation going forward. The topic of tax has come up already today, “We will cut taxes massively”, “We are going to impose a very large border tax”.

As a non-American, I can analyze such matters with a degree of detachment. It appears difficult for Americans to move on and accept that the card have been dealt, played, and that the spoils will be split w...



more from ValueWalk

Zero Hedge

Paul Craig Roberts Asks "Are Americans Racists?"

Courtesy of ZeroHedge. View original post here.

Authored by Paul Craig Roberts,

“Racist” is the favorite epithet of the left. Every white person (except leftists) is a racist by definition. As we are defined as racists based on our skin color, I am puzzled why we are called racists a second, third, and fourth time due to specific acts, such as favoring the enforcement of immigration laws. For example, President Donald Trump says he is going to enforce the immigration laws. For the left this is proof that Trump has put on the White...



more from Tyler

Chart School

Russell 2000 Turns Net Bearish Technically

Courtesy of Declan.

It was another day of modest change with little real turn in bullish/bearish outlook.  The Russell 2000 was the only one index to mark a technical change with a net bearish switch in technicals (MACD, Slow Stochastics, On-Balance-Volume).


There wasn't much to add for other indices. The S&P finished with a narrow doji on its 20-day MA. Technicals were little changed.

...

more from Chart School

Promotions

Phil's Stock World's Las Vegas Conference!

 

18 people have signed up, but it's not too late to join in!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

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:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We n...



more from Promotions

Digital Currencies

As China Slaps Fees On Bitcoin Trades, Japan Monthly Volumes Soar by 8,900%

Courtesy of Zero Hedge

There is one reason why bitcoin quickly became the darling of HFT and various high speed algo traders operating out of China and the rest of the world: domestic transactions were "frictionless", as there were no fees on buys or sells. Until last night, that is, because as China's three largest bitcoin exchanges, BTCC, Huobi and OkCoin, all said in separate statements on their websites late on Sunday, starting Tuesday they will charge traders a flat fee of 0.2% per transaction. This is only the latest fallout from the recent crackdown on Chinese bitcoin exchanges whose activities have drawn increased scrutiny from the centra...



more from Bitcoin

OpTrader

Swing trading portfolio - week of January 23rd, 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 ...



more from OpTrader

Kimble Charting Solutions

Post Christmas- Gold Miners & Metals the place to be!

Courtesy of Chris Kimble.

Christmas is now nearly one month ago, how time flies. Ole Santa has been taking a rest and so far over the past month, the S&P 500 has done the same. Not so much for a few other high flying assets!

CLICK ON CHART TO ENLARGE

Since the first day of trading after the Christmas break, the broad market has been pretty quiet, up .23%. Bonds (TLT) and the Euro (FXE) have made a little bit more than the broad markets.

The Metals Sector has done pretty well since Christmas, as Gold ...



more from Kimble C.S.

Insider Scoop

Earnings: Last Call for Yahoo? Johnson & Johnson, Alibaba Also Release This Week

Courtesy of Benzinga.

Earnings season kicks into high gear this week with a number of big names reporting. Among the Monday releases, YYahoo! Inc. (NASDAQ: YHOO) will report what may be its last quarterly earnings numbers, as its pending acquisition by Verizon Communications Inc. (NYSE: VZ), announced in July 2016, moves toward completion.  

On Tuesday before the opening bell, pharmaceutical giant Johnson & Johnson (NYSE: JNJ) and Chinese e-commerce heavyweight ...



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

Members' Corner

How To Poop At Work?

Courtesy of Nattering Naybob.

Once again it's "in the Toilet Thursday" or "Thursday's in the Loo". 

In our last episode, How to Poop On A Date? we were graced with a delicate shituation: what ever to do when your finally back at her place, snuggling in for a little "brown chicken brown cow" and you get hit with "Love Potion #2".

This week in How to Poop At Work? ,what to do when your at a big fancy pants meeting, when out of nowhere, you need to download a brown load?



...

more from Our Members

Mapping The Market

If we try it enough, it will work.

Via Jean-Luc

Brownback wants Trump to emulate what he did in Kansas because it worked so well:

Sam Brownback Calls on Donald Trump to Mimic His Kansas Tax Plan

By RICHARD RUBIN and  WILL CONNORS

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...

...

more from M.T.M.

Biotech

The Medicines Company: Insider Buying

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

more from Biotech

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...

more from David



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 >>