Archive for the ‘Phil’s Favorites’ Category

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

U.S. Rig Counts Jump in Wake of OPEC’s Production Accord: Chart (Bloomberg)

U.S. oil and gas producers increased drilling activity the most since April 2014 after OPEC agreed to its first production cut in eight years last month.

Oil Climbs as Saudis Show Commitment to Cut Output Before Talks (Bloomberg)

Oil advanced as Saudi Arabia was said to have informed its customers it will stand by its commitment to cut production before OPEC meets with producers from outside the group to discuss reductions.

Dollar Stalls Near Weekly High, Looking Toward FOMC Decision (Bloomberg)

The dollar is trading near its best level of the week as a rise in dollar-yen to a 10-month high is underpinned by still-robust U.S. Treasury yields and a stock market that refuses to say “enough.”

Venezuela Seizes Millions of Toys, Accuses Importer of Hoarding (Bloomberg)

Venezuela price regulators on Friday seized almost 4 million toys from warehouses around greater Caracas and said they’d distribute them to low income children ahead of the Christmas holiday.

S&P 500 Rises for Sixth Day, Hits Another Record; Drug Stocks Up (Bloomberg)

Gains in consumer staples stocks, health-care companies and tech firms sent U.S. equities higher for a sixth day as the S&P 500 Index, Dow Jones Industrial Average and Russell 2000 Index all closed at records Friday.

More Stocks Joining Trump Rally Than Any Time Since 2013: Chart (Bloomberg)

Donald Trump’s election has fueled one of the broadest rallies in history as the number of stocks making new highs on the New York Stock Exchange climbed to the highest on a closing basis since May 2013.

Stocks have only been this expensive during the crash of 1929, the tech bubble, and the financial crisis (Business Insider)

Stocks are getting a bit pricey.

All three major indexes break though their all-time highs on a seemingly daily basis, and this has pushed earnings multiples higher and higher.

STOCKS HIT ALL-TIME HIGHS: Here's what you need to know (Business Insider)

Stocks continued to be seemingly unstoppable


continue reading





Tomgram: Nomi Prins, The March of the Billionaires

 

Just whom Donald Trump will appoint to various key posts in his future administration has an unbearably enticing set of moving targets for the media (until, as at a recent rally in Cincinnati, dramatic announcements are made at unexpected moments, or released in other ways). And give The Donald credit: if he has a genius for anything, it’s for dominating the news cycle in ways — from his pre-crack-o’-dawn tweets to those rallies — that simply haven’t been seen here before. And be suitably amazed that, as during the election campaign, he continues to have an uncanny knack for flooding the screens of our world with that larger-than-life figure of his dreams, Donald Trump, nearly 24/7. He's the media-made man of our — and his — (endless) moment.

Until each appointment is announced, the speculation goes on endlessly about which billionaire or multimillionaire will be included in the latest round of The Chosen.  In some ways, those officially or unofficially being considered, whether appointed or not, offer us a strange window into the future Washington world of Donald Trump.  Take, for instance, two oily selections touted recently as possibilities for the man who has committed himself to elevating fossil fuel extraction to a high art.  Trump has, after all, already promised to make a future Saudi America independent of oil imports from the actual Saudi Arabia or any other “foe” or member of the “oil cartel,” come — if you’ll excuse a phrase that, in the context of climate change, is all too apt — hell or high water.

In such situations, it undoubtedly makes a certain sense to think about going directly to the trough.  If you want someone to oversee the Department of Energy, why not, for example, consider Harold Hamm, the Oklahoma oil tycoon and 60th richest person on the planet, whose fortune, according to Forbes, rose by $1.7 billion to $14.7 billion in the wake of Trump’s election victory?  (On the subject of such a possible appointment, Hamm himself has been diffident.)  Or if it’s the State Department you’re thinking about and global energy policy is on your mind, why not put aside the thought of frog legs and Mitt Romney for a second and at least consider — as Donald Trump reputedly is doing —…
continue reading





Naked Capitalism Threatens Lawsuit Over Washington Post Over “Fake News” Story; Obama Starts Russia Witch Hunt

Courtesy of Mish.

Earlier today, president Obama started a witch hunt based on Russia hacking claims.

In the second Russia-related story of the day, Yves Smith, author of Naked Capitalism, considers a lawsuit against the Washington Post for an extremely sloppy article on “Fake News”, primarily about Russia that mentioned her website.

The article listed Naked Capitalism, Zero Hedge, and 200 other sites for “spreading fake news”. Included in the list were Counterpunch, the Drudge Report, Truthdig, and Truth-out.

I failed to make the grade and almost feel slighted.

Please consider Washington Post on the ‘Fake News’ Hot Seat.

The Washington Post—whose coverage of Watergate four decades ago angered the powers that be, toppled a president, and defined courageous journalism—has unleashed a hornet’s nest of a different sort, one unlikely to earn a Pulitzer Prize.

The story, by Post technology reporter Craig Timberg and published Nov. 24, purported to reveal how “sophisticated” Russian propagandists had spread fake news through hundreds of web sites to destabilize American democracy, thwart Hillary Clinton and elect Donald Trump to the White House.

So far the story—which has attracted millions of page views and more than 14,000 comments—has provoked lawsuit threats from at least two of the web sites, notably the widely respected financial blog Naked Capitalism, which fired off a legal letter demanding a retraction and apology even though the Post story does not specifically mention Naked Capitalism or any of the other allegedly Russian-influenced websites.

There has also been a fusillade of disparaging commentary in publications ranging from The Intercept to The New Yorker.

“I thought it was completely ridiculous that the Post would put this sorry piece of trash on the front page,” Andrew Cockburn, the Washington editor of Harper’s magazine, told The Daily Beast in a typically vehement slam.

“The ‘Washington Post’ ‘Blacklist’ Story Is Shameful and Disgusting,” was the headline on Rolling Stone writer Matt Taibbi’s takedown.

The critics panned the Post story’s heavy reliance on the judgments of unnamed “researchers” for PropOrNot.com, a shadowy website launched three months ago ostensibly to expose “Russian influence operations targeted at US audiences, distinguish between propaganda and commercial ‘clickbait’, and help identify propaganda and push back.”

Naked Capitalism’s editor “Yves Smith,” the pen name of investment advisor Susan Webber who launched the blog in 2006,


continue reading





Hillary Backer, Republican Senator Lindsey Graham, Heads Obama’s Witch Hunt on Russia


I take issue with Mish on this. First, Lindsey Graham liking Hillary Clinton doesn't prove anything. Secondly, calling to "get rid" of Graham for "pushing for a probe into Russia’s election role" is irresponsible. The idea that a politician can't have legitimate American security concerns because they supported Clinton is seriously flawed. And it seems odd to take a position that the probe is a "witch hunt" before we know anything. And finally, Trump's previous assertion that numerous government agencies and private consultants who identified Russia as the hackers were politically motivated is hard to believe. Oh, and read this: Secret CIA assessment says Russia was trying to help Trump win White House. Is it all fake news? ~ Ilene 

Hillary Backer, Republican Senator Lindsey Graham, Heads Obama's Witch Hunt on Russia

Courtesy of Mish

Earlier today, president Obama ordered a Russia Hacking Claim Probe.

Republican Senator Lindsey Graham, a friend and backer of Hillary Clinton, heads up Obama’s witch hunt.

Barack Obama has ordered US intelligence agencies to conduct a “full review” of alleged Russian hacking into this year’s election and to issue a report before he leaves office next month.

Lisa Monaco, White House counter-terrorism adviser, said that the review, which would be sent to Congress but which might not be made public, would look at both what happened during the election and would consider “some after-action”.

The review comes as calls for congressional probes into the hacking of the election are increasing.

The growing rumblings over Russia’s role in the election could set up an early confrontation between Congress and the incoming Trump administration, which has called for closer ties with Moscow.

Although the US intelligence community issued a rare public statement in October claiming that Russia had been responsible for the hacks on Democratic politicians and political committees, president-elect Donald Trump has continued to cast doubt on Russia’s role in the hacking.

In an interview with Time magazine this week, he said that he did not believe that Russia had interfered in the election. “It could be Russia. And it could be China. And it could be some guy in his home in New Jersey. I believe that it could have been Russia and it could have


continue reading





Wholesale Trade Inventories Dip 0.4 Percent

Courtesy of Mish.

The Census Bureau Wholesale Trade Report wholesales rose 1.4% while inventories declined 0.4%.

Once again, this news had the Bloomberg Econoday parrot squawking about “lean inventories”.

Highlights

Inventories were looking heavy going into the fourth quarter but, given strength in demand, are turning out to be perhaps too lean. Inventories at the wholesale level fell 0.4 percent in October, drawn down by a 1.4 percent surge in wholesale sales. The mismatch drops the stock-to-sales ratio from 1.32 to 1.30 for the lowest reading in nearly two years. Advance data for retail point to a similar decline for retail inventories to be posted next week while factory inventories, posted earlier in the week with the factory orders report, were unchanged.

Advance Readings

This was pretty much non-news given advance readings on December 6. The Econoday consensus was -0.4%, bang on.

Curiously, the consensus range was -0.4 % to 0.3 %, a likely indication that one economist did not read or did not believe the the advance sales reports.

Inventory-to-Sales

inventories-to-sales-2016-12a

There is nothing particularly lean about this adjustment. Rather, it’s starting to look “normal” if one considers 1990-2000 as normal as opposed to 2001-2015 (excluding the recession).


Continue reading here…





Geert Wilders Guilty Without Penalty

Courtesy of Mish.

In a politically inspired witch hunt, a panel of 3 judges in the Netherlands convicted Geert Wilders of incitement to discrimination, and also of insulting an ethnic group.

The ethnic group in question was Moroccans, as if Morocco is a race. Charges stem from 2014 when Wilders replied “We’re going to take care of that.” to a group of cheering supporters who shouted that they wanted fewer Moroccans in the Netherlands.

No matter what one may think of Wilders personally, the charge appear ridiculous. Nonetheless, Geert Wilders Found guilty, With No Penalty when he could have been fined or jailed for his comments.

Geert Wilders, the Dutch anti-Islam politician, has been found guilty of incitement to discrimination and insulting an ethnic group but managed to avoid punishment in a trial in the Netherlands.

Prosecutors had demanded that Mr Wilders, whose rightwing Party for Freedom, or PVV, tops the polls, face a fine of €5,000 for leading anti-Moroccan chants at a rally. But judges opted not to impose any punishment, arguing that a conviction alone was damaging enough.

Mr Wilders’ PVV is forecast to be the Netherlands’ biggest party in elections in three months, with a slim lead over the centre-right VVD of Mark Rutte, the prime minister.

In a video released after the verdict, Mr Wilders said: “I am not a racist and neither are my voters.”

In his final statement to the court in late November, Mr Wilders accused senior ministers, from Mr Rutte down, of running a political trial and conducting a witch hunt against him.

The case was the second in which Mr Wilders has been accused of inciting hate speech, after he was cleared of similar charges in 2011. That long-running case, which stemmed from comments made between 2006 and 2008, helped raise Mr Wilders’ profile in the country.

Before the trial, Mr Wilders had struck a defiant tone. “I will continue to speak the truth regardless, including about the Moroccan problem, and no judge, politician or terrorist will stop me,” he told a Dutch newspaper.

Nexit Next?

I commented on Wilders including his final statement to the judges on November 30 in Multiple Simultaneous Threats: Nexit Next?

Wilders elected to not defend himself save a very long final statement to the judges. For excerpts, click on


continue reading





Correlations Nosedive!

 

Correlations Nosedive!

Courtesy of 

Nick Colas, chief market strategist at Convergex, on the “curse of the correlations” starting to wash away in the wake of the election – which is what active stock pickers and traders have been yearning for during the last 8 years or so: 

We have tracked the “Curse of Correlation” on a monthly basis since October 2009. The basics are simple: the average sector (tech, financials, utilities, etc) correlation to the S&P 500 has been 82.3% since we started looking at the data.  Other asset classes, such as Emerging Market and EAFE (Europe, Asia, Far East) developed economy equities have been in that same low-80% range.  High yield corporate bonds have shown a 70% average correlation to equities. History, experience, and common sense tell us that all these correlations to U.S. stocks should be closer to 50%.  Yes, they are all financial assets, but how much should tech stocks trade like junk debt or utilities?  Not as much as they have.

Now, correlations have declined dramatically.  We’ve included several charts and tables in the attachment to this note, but here is the highlight reel from the last month:

  • Average sector correlations to the S&P 500 were 56.8% over the last month, the lowest reading since we started looking at the data in 2009. The prior low of 58.4% was in December 2014. Just 2 months ago, average correlations were 79% and last month they came in at 66%.  The trend is clearly our friend here.
  • Correlations between non-US equities and the S&P 500 were 77.5% for the developed economies of the EAFE countries and 51.6% for the Emerging Markets.  Two months ago those readings were 88.4% and 87.8%, respectively.
  • Domestic high yield corporate bonds showed a 54.75% correlation to the S&P 500 over the last month.  That’s well below the long run average of 70% and the 87.8% of two months ago.
  • Looking at the individual sectors, all show materially lower correlations to the market as a whole over the past month.  Technology is down to a 70% correlation from 92.9% two months ago.  Energy stocks are less than 50% (41.4%, to be exact) correlated to the S&P 500, versus


continue reading





ECB Rejects Monte dei Paschi Plea for More Time, Bail-In Likely

Courtesy of Mish.

Yesterday, the Financial Times reported Italy demands more time from ECB to rescue Monte dei Paschi.

I was wondering how the bank or the Italian government was in a position to demand anything. It wasn’t.

Today, the ECB Squashed Italy’s Plea.

The European Central Bank has rejected a request from Rome to delay a private sector-led rescue for Monte dei Paschi di Siena, leaving Italy little option but to trigger a government bailout and impose losses on creditors.

Shares in MPS, Italy’s third-largest bank by assets, were suspended in afternoon trading and closed down more than 10 per cent in Milan trading.

Some Italian officials are fearful of a government bailout of MPS ahead of an effort by UniCredit, the country’s largest bank, to raise €13bn in capital, which is due to be announced on Tuesday.

MPS junior bonds collapsed in value on Friday over fears that they would be exposed to losses as part of the government rescue. A €241m bond included in last week’s debt-for-equity swap traded as low as 18.7 cents on the euro.

A state-led rescue of MPS is expected to include protection for its smaller investors, people involved in the talks said.

The long-mooted state rescue of MPS, which already has the Italian Treasury as its largest shareholder, could poison relations between Rome and European authorities.

MPS has a market value of just €635m, having lost 85 per cent of its value this year.

The bail-in of MPS is expected to have implications for the rest of Italy’s banking sector. Shares in UniCredit, Italy’s largest bank by assets and only globally significant bank, were down nearly 6 per cent following the reports. Bankers expect that UniCredit will have to put a lower price on a €13bn equity raising it is planning for early in 2017.

Monte Paschi’s board is investigating options including immediately triggering precautionary recapitalisation.

Individual junior bondholders may be wiped out unless they can present evidence they were duped into buying shares. Large holders of junior bonds are guaranteed to take a massive hit in a forced buy-in.

Collapse of Monte dei Paschi

mps

The bank could have raised capital at €945. Instead it raises capital at €19.50 or so, following a 97.94% loss.

Junior bondholders face 80% to 90% losses, in a forced bail-in.


Continue reading here…





If Trump Nominates John Allison as Bank Supervisor at the Fed, It Will Be a Triumph for Charles Koch and the Loony Ideas of Ayn Rand and Greenspan

Courtesy of Pam Martens.

John Allison (With Cato Lapel Pin)

John Allison (With Cato Lapel Pin)

On December 4 the Wall Street Journal reported that President-elect Donald Trump was considering the following three individuals for Vice Chairman of the Federal Reserve for Bank Supervision: John Allison, the long serving head of BB&T bank and a Board Member of the right-wing Cato Institute which was half owned by the Koch brothers for decades; Paul Atkins, a consultant, former member of the Securities and Exchange Commission and a Visiting Scholar at the right-wing think tank, the American Enterprise Institute, which has heavy ties and financial backing from the Koch brothers. Also under consideration, and as far removed as one could possibly get from the other two, Thomas Hoenig, Vice Chair of the Federal Deposit Insurance Corporation and the former President of the Federal Reserve Bank of Kansas City.

Thomas Hoenig would deliver America from the stranglehold of the Ayn Rand lunatic fringe and the libertarian propaganda swamp that the Federal Reserve’s been thrashing about in since Ayn Rand’s devoted disciple, Alan Greenspan, chaired the Fed for a staggering 18 years, through four Presidents, from 1987 to 2006. Atkins would dig the Ayn Rand swamp deeper while Allison would try to elevate it to become the formal creed of every college and university in America – something he and the Koch brothers are well on their way to doing already.

Charles Koch and his related foundations have famously funneled tens of millions of dollars into the economic programs at public universities, frequently mandating the approval of faculty hires and curriculum to push free markets and deregulation. In partnership with that effort, the bank that Allison formerly headed from 1989 to 2008, BB&T, was providing lavish gifts to the schools while mandating that Ayn Rand’s book, Atlas Shrugged, be taught and distributed to students.

So who exactly was Ayn Rand? The book that best connects all the pieces of Ayn Rand’s philosophy to today’s right wing free markets mantra, is Ayn Rand Nation: The Hidden Struggle for America’s Soul by Gary Weiss. 

Weiss describes the “Collective” that Rand presided over in New York City as follows: “For much of its existence the Collective was for all intents and…
continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Uncertainty Looms as Triple-Leveraged Oil Bets Go Dark (The Wall Street Journal)

Thursday is the final day of ordinary trading for a pair of popular exchange-traded products that deliver turbo-charged returns on the price of crude oil.

China warns WTO members not to use non-market economy clause after December 11 (Reuters)

China's Commerce Ministry said on Friday it would take "necessary measures" if World Trade Organization members continue to use a non-market economy clause in its to WTO deal to assess dumping duties against it after Dec. 11.

Deutsche Bank's 'smoking gun' evidence to expand U.S. silver rigging case (Reuters)

Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank AG following a settlement.

Oil, Gas Exploration Spend to Fall to 12-Year Low as Prices Bite (Bloomberg)

Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd.

Beyond Calm Chinese GDP Numbers, Volatility Runs Deep: BofAML (Bloomberg)

Beneath the stability of China's infamously suspect gross domestic product figures lies a volatility that betrays policy-induced changes, according to economists at Bank of America Merrill Lynch.

Draghi Braces for More Upheaval as Europe Heads to Election Year (Bloomberg)

If you thought this year has already exceeded the limit for political upheavals, Mario Draghi is warning there may not be much respite in 2017.

Canada Wonders, if U.S. Balks, Is Carbon Pricing Still the Answer? (NY Times)

OTTAWA — When Prime Minister Justin Trudeau meets on Friday with the leaders of Canada’s provinces and territories to work out a national carbon pricing plan, Donald J. Trump will also be in the room, in a manner of speaking.

The Stock Market 'Trump Bump' May Have Hit a Turning Point (Fortune)

On Thursday, the CBOE Volatility Index (VIX), which uses options-trading


continue reading





 
 
 

Kimble Charting Solutions

Gold could blast off, if this resistance cluster holds!

Courtesy of Chris Kimble.

Below looks at the US Dollar/Gold Ratio over the past 30-years. When the ratio is heading lower, US$ is weaker than Gold/Gold stronger than US$. When the ratio is heading higher, US$ is stronger than Gold/Gold weaker than the US$

At this time, the ratio in the chart below, has created a Power of the Pattern setup, that is seldom if ever seen.

CLICK ON CHART TO ENLARGE

A rare cluster of resistance is in play for the US$/Gold ratio at (1...



more from Kimble C.S.

ValueWalk

Is Pakistan And Russia's 'Friendship' A Big Myth?

By Polina Tikhonova. Originally published at ValueWalk.

Russia is solidifying its support for Pakistan at the Heart of Asia conference. Russian envoy Zamir Kabulov rejected India and Afghanistan’s criticisms of Pakistan. In what serves as a yet another indication that the ice between Moscow and Islamabad are melting, Kabulov praised Pakistani Foreign Affairs Advisor Sartaj Aziz’s speech at the HoA conference for being friendly and constructive.

Image: Pakistan, Russia Flags

Saying that it’s wrong to criticize Islamabad, the Russian envoy urged the parties to drop the blame game and start working together. Kabulov also downplayed Russia’s joint milita...



more from ValueWalk

Zero Hedge

Soft Coup Attempt Imminent? Furious Trump Slams "Secret" CIA Report Russia Helped Him Win

Courtesy of ZeroHedge. View original post here.

Overnight the media propaganda wars escalated after the late Friday release of an article by the Washington Post (which recently admitted to promoted fake news itself in an attempt to smear other so-called "fake news" sites) according to which a secret CIA assessment found that Russia sought to tip last month’s U.S. p...



more from Tyler

Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. Rig Counts Jump in Wake of OPEC’s Production Accord: Chart (Bloomberg)

U.S. oil and gas producers increased drilling activity the most since April 2014 after OPEC agreed to its first production cut in eight years last month.

Oil Climbs as Saudis Show Commitment to Cut Output Before Talks (Bloomberg)

Oil advanced as Saudi Arabia was said to have informed its customers it will stand by its commitment to cut production before OPEC meets with producers from outside the group to discuss reductions...



more from Ilene

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. Rig Counts Jump in Wake of OPEC’s Production Accord: Chart (Bloomberg)

U.S. oil and gas producers increased drilling activity the most since April 2014 after OPEC agreed to its first production cut in eight years last month.

Oil Climbs as Saudis Show Commitment to Cut Output Before Talks (Bloomberg)

Oil advanced as Saudi Arabia was said to have informed its customers it will stand by its commitment to cut production before OPEC meets with producers from outside the group to discuss reductions...



more from Paul

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

Members' Corner

How To Poop At A Party?

Courtesy of Nattering Naybob.

Once again, it's "Toilet Thursday" or "Thursday in the Loo", so we follow up on Second Hand Stink with How to Poop At A Party. 

This hilarious video demonstrates how to control the Shituation when needing to Poopulate at a gathering, in no uncertain terms. 

We hope this recurring bathroom humor theme "shits" well with our readers. So please do relax, drop the cursor below, click and enjoy.

...

more from Our Members

Chart School

Dow Jones Gann Angle Update

Courtesy of Read the Ticker.

When the Dow Jones moves the media must have an explanation for it. However the insiders have the nod to what is going on.

The media story so far is that since the TRUMP win, managers have been rotating their portfolios to represent TRUMP trends (lower taxes, go easy on the 'too big to fail' Wall Street banks, more jobs for Americans). Prior the election the stock market was set up for a HILLARY win, due to more of the same, status quo, FED support. But....

Using Richard Ney logic, the short answer is, stocks were always going up and the election results do not matter nor would a higher 10 yr bond or lackluster fundamentals. The real story is the marke...

more from Chart School

Promotions

Phil's Stock World's Las Vegas Conference!

 

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

Notes

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.)

The more people who sign up,...



more from Promotions

OpTrader

Swing trading portfolio - week of December 5th, 2016

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

 

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

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

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

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



more from OpTrader

Digital Currencies

Largest US Bitcoin Exchange Is "Extremely Concerned" With IRS Crackdown Targeting Its Users

Courtesy of ZeroHedge. View original post here.

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.

The government’s request is part of a bitcoin tax-evasion probe, and se...



more from Bitcoin

Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...



more from M.T.M.

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 >>