Archive for the ‘Phil’s Favorites’ Category

News You Can Use From Phil’s Stock World


Financial Markets and Economy

Deutsche Bank Said in Early Stages of Mulling Bond Buyback (Bloomberg)

Deutsche Bank AG is considering buying back some of its bonds, potentially countering this month’s selloff over concern that Germany’s biggest bank will struggle to make payments on its riskiest debt.

Rates markets, at odds with Fed, seek clarity from Yellen (Business Insider)

While Federal Reserve Chair Janet Yellen is the one tasked with delivering a message over the next two days when she speaks to Congress, financial markets are keen to know if she has absorbed their message to her: stifle your rate hike plans.

World's Negative-Yielding Bond Pile Tops $7 Trillion: Chart (Bloomberg)

More than $7 trillion of government bonds offered yields below zero globally as of Monday, making up about 29 percent of the Bloomberg Global Developed Sovereign Bond Index.

One of Only Analysts Still Covering Sears Says It Isn't Viable (Bloomberg)

Sears Holdings Corp., the department-store chain run by hedge-fund magnate Eddie Lampert, plunged as much as 8.9 percent after an analyst warned that the company is no longer viable as a retailer in its current form.

Bank of America sees 25% chance of a U.S. recession in 2016 (Market Watch)

Despite increased chatter about the probability of an economic contraction, the odds of the U.S. slipping into a recession in the next 12 months are only about 25%, according to economists at Bank of America Merrill Lynch Tuesday.

Hedge Funds Make a Back-Up Plan (Bloomberg)

Hedge funds are bracing for another round of upheaval in the investment banking industry, judged by their closest day-to-day relationship.

star warsDisney crushes earnings expectations thanks to Star Wars but ESPN profits decline (Business Insider)

Disney reported quarterly results on Tuesday evening, crushing expectations for profits.

The company posted $1.63 in adjusted earnings per share for the first fiscal quarter. Revenues grew 14% to $15.2 billion. 

The FV Shuffle: Giant ETF Trades? No Problem! (ETF)

You’d think with the amount of hyperbole

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Nobody Knows Nothing, Episode 653

Courtesy of Joshua Brown

If you’re still investing based on Wall Street’s forecasts, you’re like a clown in the zoo.

Bloomberg with a Two For Tuesday…

First up: Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016

 Goldman Sachs Group Inc. has exited five of six top trading recommendations for the year after they were thwarted by financial-market turmoil linked to signs of a slowdown in global economic growth.

The New York-based bank closed its call for dollar strength versus an equally weighted basket of the euro and yen, recording a potential loss of about 5 percent, Charles Himmelberg, chief credit strategist, wrote in a note to clients Tuesday. Goldman has also ended a bet on five-year five-year forward Italian sovereign yields versus their German counterparts for a loss of about 0.5 percent, Himmelberg wrote.

“five-year forward Italian sovereign yields” get the f*** outta here.

What else?

Oh, there’s also this: More Wall Street Strategists Are Cutting Their S&P 500 Estimates

Just five weeks into 2016, seven of the 21 strategists tracked by Bloomberg have lowered their projections for the Standard & Poor’s 500 Index amid a rout that wiped more than $2 trillion from prices. The cuts have reduced the average annual estimate, the first time that’s happened this early in a year since the Iraq war in 2003.

“The reason there’s more divergence among forecasters is that equity strategists have a huge problem with predicting two wild cards right now: China and oil.”

Newsflash: You don’t need “wild cards” thrown into the mix. No one can ever do this reliably, it has nothing to do with oil or China. Next year it’ll be interest rates and Greece, or Chicken and Waffles or whatever comes down the pike.

Stop already. Strategists are interesting to read for context and to understand what other large pools of money and investors are thinking. Even the strategists themselves hate the fact that they have to play the target game.

And how could you not know better by now? Of course you do.

One of the benefits of having an investment process with diversification and a rules-based orientation is that you don’t end up chasing the guesses of others. Anyone’s guess is as good as anyone else’s in a world of almost infinite variability.

Deutsche Bank and the Banking Selloff


Nattering Naybob here at Phil's Stock World

On the subject of Deutsche Bank and why are banks getting hammered?  What Phil says is correct, the PPT or ubiquitous "they" don't want a repeat of 2008 and may intercede if necessary. TBD. 

I don't want to lead anyone astray, but its what I've been Nattering about for quite awhile. It's not oil, it's not credit, it's not bank stocks, it's not (FILL IN THE BLANK). Those laments are symptoms of a much greater problem, simply put in ONE WORD:  LIQUIDITY.  

Now here is something to read, and, yes, it's from ZH, which makes Phil and my "conspiracy" theories, look tame.  It's a purported email from a Deutsche Bank analyst sent out today. Some may not understand half of what he is writing about, unfortunately I do.  And whoever wrote that email knows their stuff, i.e. how the bifurcated banking system really works, double entry ledgers and balance sheets.  

Is that email REAL? If it's not it's a great media plant fed to the deep throat ZH. I dunno, but I'll tell you… not what I believe or think, but what I have researched and written about at length and do KNOW.  Because I've had my head buried so far up their system, I know what they had for lunch and sometimes breakfast… I can confirm exactly what the email drives at and most of its other trade talk content, aside from the speculation as to solutions, as being spot on.   

If this is a TRUE exemplar from an analyst inside DB, he is probably out of a job.  If so, then what do you think the big boys or "they," who have known this for awhile, are doing behind the scenes?  No panic, all is well here at DB, don't worry and pay no heed to …

Somebody either thinks they know something (spook the herd media narrative) or they know something (informed) and the elephants are quietly trying to get out the theatre doors. One or the other, and the selloff is no surprise to me. Take it for what its worth, the price of admission, a box of popcorn, sit back, relax and watch the show. Or not. TBD.

Picture by Jason7825 - "I took it," CC BY-SA 3.0, clilck here. 

The Economy In Pictures: We’ve Seen This All Before

Courtesy of Lance Roberts of Real Investment Advice

Last week, I gave a presentation discussing the current market environment and the economy. As I was preparing the slide presentation, I noted some concerning similarities to a presentation that I gave in 2007. At that time, I was regularly discussing the potential onset of an economic recession, and then like now, I was dismissed as being a “perma-bear.” There was no inverted yield curve, the vast majority of the media saw no recession in sight, and the Federal Reserve continued to tout a “Goldilocks” economy. Yet, a year later, it was quite evident. 

Currently, there is a plethora of commentary strongly suggesting that the U.S. economy is nowhere near recession currently. That may very well be the case, however, by the time the data is revised to reveal the recession it will be far too late for investors to do anything about it. The market, a coincident indicator of economic recessions historically, may already be revealing future economic data revisions will eventually disclose.

With the economy now more than 6-years into an expansion, which is long by historical standards, the question is: “Are we closer to an economic recession or a continued expansion?”

How you answer that question should have a significant impact on your investment outlook as financial markets tend to lose roughly 30% on average during recessionary periods.  However, with margin debt at record levels, earnings deteriorating and junk bond yields rising, this is hardly a normal market environment within which we are currently invested.

Leading Economic Indicators


Durable Goods







ISM Composite Index


Employment & Industrial Production



Retail Sales



PCE & Imports


Corporate Profits As % Of GDP


The Broad View


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No One Wants to Be Fed Chair Janet Yellen This Week

Courtesy of Pam Martens

Janet Yellen Appears Before the House Financial Services Committee, November 4, 2015

Janet Yellen Appears Before the House Financial Services Committee, November 4, 2015

Tomorrow, Janet Yellen will scurry over to the Rayburn House Office Building to give her semi-annual testimony to the House Financial Services Committee, now under the control of a deeply paranoid Republican majority when it comes to the Federal Reserve. (Not that some of that paranoia isn’t justified.) There is no question that Yellen will face hostile questioning from Republicans on the Committee, as she has in the past, although the questions tend to venture far afield from the real financial threats to U.S. stability.

Most Democrats, on the other hand, are so wedded to holding up the Dodd-Frank financial reform legislation as their grand achievement after the 2008 crash that they refuse to look out the window and see the equity capital of the Wall Street mega banks currently in a death spiral as the same banks invent ever more creative ways to loot the public and garner its distrust. With this fatal blind spot, House Democrats on the Committee are unlikely to fashion questions hinged to reality.

Thursday may hold out some promise, however. Yellen will present her semi-annual testimony to the Senate Banking Committee, beginning at 10 a.m. Since Republicans took control of the Senate in January 2015, this Committee has been chaired by Richard Shelby. Three Democrats well versed in Fed policy and the workings of Wall Street sit on the Committee: Senators Sherrod Brown, Elizabeth Warren and Jeff Merkley. Warren, in particular, has a penchant for zeroing in on hot button topics that produce nervous squirming from Yellen.

Back on July 15, 2014 when Yellen appeared before Senate Banking to present her semi-annual report, a tense exchange took place between Yellen and Warren. After reminding Yellen that Section 165 of Dodd-Frank mandated that the Wall Street mega banks had to submit annual, “credible” plans to the Fed explaining how they could be quickly liquidated if they got into trouble, rather than requiring another taxpayer bailout, Warren noted how massive some of these banks had become since the 2008 crash. Lehman Brother, said Warren, had $639 billion in assets and 209 subsidiaries when it failed in 2008 and it took three years to unwind the bank.…
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Computerized Trading Creating Oil Price Volatility

Courtesy of Leonard Brecken via

[As posted at Zero Hedge, here.]

Recently, I dedicated some time studying in much further depth the explosion in volatility in the broader market as well as in underlying stocks. We have witnessed unprecedented volatility in E&P stocks in recent months. But the commodity crash is spreading to Biotechs and even the broader technology sector with the implosion of Linkedin stock last week.

First, it is important to note what is driving the incremental volume as overall investor participation in day-to-day trading wanes. Every investor has witnessed a huge decline in overall liquidity, in part due to an investor class disenfranchised by 7 to 8 years of central bank easing and resulting asset price distortions. If an investor can’t rationalize valuation then they simply won’t invest. That has exacerbated price movements by those who are left: shorts and algo-trades (i.e., computers). On the former, it’s clear that the unprecedented level of short positions in the E&P space and in futures market illustrate the drivers of this volatility.

But more importantly, the price surges on certain short-term headlines – such as a potential OPEC meeting on output changes – leads to spiking prices one day, only to have them revert lower in the days that follow. These are classic tells to short covering. Broadly speaking the advent of computer driven trading that "captures headlines" and trades off it is part of this. But also the computerization of portfolio management through low-cost ETFs has become an even greater force. And as a result, money flows are becoming increasing disconnected from fundamental price movements.

This is occurring institutionally and through retail-based wealth management adoption of new technology. It is why you see individual stocks rise and fall by double digits in a single day when fundamental events like an earnings report are released, like LinkedIn. Simply put, institutions play macro factors, such as central bank policy moves, pulling moneys in and out of ETFs irrespective of underlying stock fundamentals or valuations. It is why large-cap tech stocks have risen to ridiculous valuations, such as with AMZN, only to fall some 30 percent in weeks – again, largely tied to macro money flows.

On the wealth management front it is getting even more ridiculous. The use of robo-advisors,…
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Last Pillar Standing Breaks – They’re Taking Out The “Generals”

Courtesy of Dana Lyons

The relatively few leaders (aka, “generals”) that had been propping up the indexes are being systematically taken out.

“The way we see it is that the 6-year bull market is running out of steam, the steam being the number of stocks contributing to its advance. This occurs at the end of cyclical bull markets, ala 1999 and 2007. Once the relatively few stocks that are still propping up the market roll over, there is no foundation of support left to prevent a significant decline. This isn’t doom and gloom propaganda. It’s just part of the market cycle and should be something to monitor closely as we enter 2016.” – Conclusion from our final 2015 post (and perhaps a dozen other posts).

The point of our statement above – and all of the warnings we issued regarding the deterioration of the market’s internals over the past year – was that eventually the few stocks that were propping up the major indexes were going to collapse under the weight of that burden. And at that point, there will be no foundation left across the broad market to continue to buoy the averages. Well, since the start of the year, and in particular over the past week, that inevitable reckoning has been unfolding. Those few leaders left standing at the end of 2016, aka the “generals”, have finally succumbed to the selling pressure that preceded them in the rest of the market.

This includes one of the last men standing: the internet sector. The unraveling of the internet stocks is a relatively recent development – and a swift one at that. This is what happens when there are very few areas attracting almost all of the money flow. Once that avenue too is shut off, the reversal can be powerful as all of the inflows attempt to exit at once. Such has been the case with the internet sector. Just 4 days ago, we posted an chart intraday of the Dow Jones U.S. Internet Index, noting the fact that the index was hitting an all-time high. Well, the index gave up its gains of early that day and has been plunging ever since as the selling has finally reached this sector as well.



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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Gold Up 12%, Silver Up 11% YTD As Stocks Crash … Again (Business Insider)

Gold jumped 2 percent to a 7-1/2-month high yesterday, briefly touching the psychological level of $1,200 an ounce. Falling bank shares and stock markets and worries over global economic growth and a new financial crisis prompted investors to seek the safety of gold.


Kuroda's Three Strikes Drive 10-Year Yield Below Zero: Chart (Bloomberg)

Japan’s benchmark 10-year yields touched a record low of minus 0.01 percent Tuesday in the wake of the Bank of Japan’s surprise decision on Jan. 29 to charge some lenders on excess reserves held at the central bank. Governor Haruhiko Kuroda drove down yields to unprecedented levels after initiating a monetary base target in April 2013 and a boosting the BOJ’s bond purchases to a record in October 2014.

Nervousness About Global Banking Giants Intensifies (NY Times)

An unsettling trend has emerged from the heavy selling that sent global markets tumbling this year: Investors are getting nervous about the world’s biggest banks.

Now’s the time to buy stocks — the stars are aligned (Market Watch)

Can anyone “call” a stock market bottom? Nope. But by tracking the right signals, you can get close.

Three “stars” I follow to spot market turns say we’re just about there.

Gold fashionThese four points unlock the secret to cracking China's luxury market (Business Insider)

The huge anti-corruption and anti-extravagance campaign led by president Xi Jinping, has transformed China's burgeoning luxury goods sector forever.

Luxury goods have become less accessible to the growing Chinese middle class, and less acceptable for members of China's elite.

The $102 Billion of Bank Debt That's Making Investors Nervous (Bloomberg)

Last year’s sure thing in credit markets is quickly becoming this year’s nightmare for bond investors.

Convertible bonds are alluring as stocks slip (Market Watch)

The performance of the equity and convertible bond markets diverged in the fourth quarter as

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Invest with a Telescope…Not a Microscope


Invest with a Telescope…Not a Microscope

Courtesy of Wade of Investing Caffeine



It was another bloody week in the stock market (S&P 500 index dropped -3.1%), and any half-glass full data was interpreted as half-empty. The week was epitomized by a Citigroup report entitled “World Economy Trapped in a Death Spiral.” A sluggish monthly jobs report on Friday, which registered a less than anticipated addition of 151,000 jobs, painted a weakening employment picture. Professional social media site LinkedIn Corp. (LNKD) added fuel to the fire with a soft profit forecast, which resulted in the stock getting almost chopped in half (-44%)…in a single day (ouch). [This analysis does not even include today's sharp selloff.]

It’s funny how quickly the headlines can change – just one week ago, the Dow Jones Industrial index catapulted higher by almost +400 points in a single day and we were reading about soaring stocks.

Coherently digesting the avalanche of diverging and schizophrenic headlines is like attempting to analyze a windstorm through a microscope. A microscope is perfect for looking at a single static item up close, but a telescope is much better suited for analyzing a broader set of data. With a telescope, you are better equipped to look farther out on the horizon, to anticipate what trends are coming next. The same principle applies to investing. Short-term traders and speculators are great at using a short-term microscope to evaluate one shiny, attention-grabbing sample every day. The investment conclusion, however, changes the following day, when a different attention-grabbing headline is analyzed to a different conclusion. As Mark Twain noted, “If you don’t read the newspaper, you are uninformed.  If you do read the newspaper, you are misinformed.”

Short-termism is an insidious disease that will slowly erode short-run performance and if not controlled will destroy long-run results as well. This is not a heretic concept. Some very successful investors have preached this idea in many ways. Here are a few of them:

‘‘We will continue to ignore political and economic forecasts which are an expensive distraction for many investors and businessmen.” –Warren Buffett (Annual Newsletter 1994)

‘‘If you spend more than 14 minutes a year

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Let’s Talk About the US Government’s Interest Burden (Pragcap)

Greg Ip had a piece in the Wall Street Journal yesterday discussing the debt burden in the USA and how low interest rates have “moved back” the “hands on the doomsday debt clock”.  The article touches on the important topic of entitlement spending and whether it’s sustainable, but does so in a manner that misleads readers about why this might be a problem.

For instance, Ip says that “higher federal borrowing puts upward pressure on interest rates”.  This is classic “crowding out”,an argument that has been thoroughly debunked in the last 20 years as interest rates have fallen despite soaring government debts around the globe.


(Higher interest rates are correlated to higher government debt?)

A Dying Breed: Currency Traders Are Left Out of New Wall Street (Bloomberg)

Charlie Stenger, a currency-broker-turned-recruiter, has seen it all. One fired trader wept in his office. Another admitted he hadn’t told his wife he was unemployed, and left the house every day in a suit to sneak off to a coffee shop. Then there are the delusional guys, who carefully explain how they’re not interested in jobs that don’t pay as well as those they just lost.

Tesla can't catch a break (Business Insider)

Tesla Motors fell as much as 10% on Monday, adding to a slide that's brought the shares to their lowest level in two years.

They are now trading below $150 apiece, down about $90 from where they ended 2015.

Fox Earnings Meet Estimates as Ad Gains Counter Film Drop (Bloomberg)

21st Century Fox Inc., Rupert Murdochs film and TV company, posted fiscal second-quarter profit that met analysts estimates, as growth in the cable and broadcast television businesses mostly countered lower revenue from filmed entertainment.

The SEC wants investors to be more aware of liquidity risks with some mutual funds and ETFs.SEC Raises Concerns About Bond ETFs (Wall Street Journal)

Most investors in mutual funds and exchange-traded funds probably don’t worry much about liquidity. After all, fund

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Zero Hedge

Is The US Leading Saudi Arabia Down The Kuwaiti Invasion Road?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by JC Collins via,

For the first time in a long time I feel concerned and worried about the prospect of war.  The reaction of Saudi Arabia to the Russian intervention in Syria has always been the wild card in the shifting geopolitical power base in the Middle East.  Turkey and Israel, along with Saudi Arabia are the three countries with the most to lose because of a strong alliance between Syria, Iran, Hezbollah, and Russia.

These three traditional American allies have been accustomed to We...

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Chart School

Bears Win Day - Just...

Courtesy of Declan.

There wasn't a whole lot of change by the close of business, but intraday strength was clawed back in worrisome fashion. The end result was to leave spike highs in markets.

The S&P finished with a MACD 'sell' trigger, but on lower volume. The 'sell' trigger was below the bullish zero line, which makes it a strong signal.

The Nasdaq closed with a 'black' candlestick, which would be more bearish if it occurred at a swing high, but it's still a warning. Technicals are all in the bear camp.


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Phil's Favorites

"Buy High, Sell Low" - The Psychology Of Loss

Courtesy of Lance Roberts of Real Investment Advice

In this past weekend’s newsletter, I discussed the formation of a very important “head and shoulders” topping pattern in the market.

I know…I know. As soon as I wrote that I could almost hear the cries of the “perma-bull” crowd exclaiming “how many times have we heard that before.” 

They would be right. The problem with the majority of technical analysis, in my opinion, is that time frames are too short for most investors. When looking at technical price patterns using daily data, there have been numerous occasions where analysts have spotted “Head and Shoulder” patterns, “Hindenberg Omens,” and &ldqu...

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All About Trends

Mid-Day Update

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

Click here for the full report.

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

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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

How Low Can Central Banks Go? JPMorgan Reckons Way, Way Lower (Bloomberg)

There are no limits to how far central banks can ease monetary policy.

Dollar languishes near three-and-a-half-month lows ahead of Yellen testimony (Business Insider)

The dollar nursed losses around three-and-a-half-month lows on Wednesday, pressured by fears of a global economic slowdown following recent falls in oil prices and growing concerns about the health of European banks.


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Kimble Charting Solutions

Transports working on breakout, after being hit very hard!

Courtesy of Chris Kimble.

When it comes to getting hit hard, the Dow Jones Transportation Index fits the bill over the past year. Few if any major indices have fallen harder, over the past 12-months.

Below looks at the DJ Transportation Index/S&P 500 ratio over the past decade. The ratio reflects that over the past year, the index has been much weaker than the broad markets.


The ratio hit channel resistance at (1) a year ago and decline almost as hard a...

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Swing trading portfolio - week of February 8th, 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 ...

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Why Most Investors Fail in the Stock Market


Why Most Investors Fail in the Stock Market

Courtesy of ValueWalk, by  

Throughout the past 30 days of wild volatility, here’s what I didn’t do.

Panic. Worry. Sell.

In fact, the best I did was add to a couple of positions yesterday. The world was already in an uncertain state for the past 3+ years. It’s just that with the market rising, we pushed the issue to the back of our  mind and ignored it.

If you read Howard Marks latest memo, ...

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Digital Currencies

2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies

Courtesy of Charles Hugh-Smith at Of Two Minds

A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies.

We all know money is created and distributed by governments and central banks. The reason is simple: control the money and you control everything.

The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies--money that is global and independent of any state or central bank, or indeed, any bank, as crypto-currencies are structurally peer-to-peer, meaning they don't require a bank to function: people can exchange crypto-currencies to pay for goods and services without a bank acting as a clearinghouse for all these transactions.

This doesn't just open t...

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Sector Detector: New Year brings new hope after bulls lose traction to close 2015

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

Chart via Finviz

Courtesy of Sabrient Systems and Gradient Analytics

Last year, the S&P 500 large caps closed 2015 essentially flat on a total return basis, while the NASDAQ 100 showed a little better performance at +8.3% and the Russell 2000 small caps fell -5.9%. Overall, stocks disappointed even in the face of modest expectations, especially the small caps as market leadership was mostly limited to a handful of large and mega-cap darlings.

Notably, the full year chart for the S&P 500 looks very much like 2011. It got off to a good start, drifted sideways for...

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PSW is more than just stock talk!


We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...

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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 ...

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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. 


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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 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.

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...

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About Ilene:

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

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