March 12th, 2014 2:39 pmA man and his signals
Courtesy of Joshua M Brown, The Reformed Broker
Once upon a time there was an egotistical man who sold subscriptions to a stock market research product based on the premise that his “signals” could tell people when to buy and sell. To get attention for his service, he railed regularly against the Wall Street establishment, whom he referred to derisively as outdated, hopeless “bagholders”. He had come out of the woodwork and shot to fame during the late stages of a grueling bear market, at a time when the American public was willing to believe that it was a good idea to rapidly buy and sell stocks on a daily basis. He’d sold a ton of subscriptions fo...
March 12th, 2014 1:48 pm
Submitted by Tyler Durden.
A week ago, we highlighted something that very few had noticed- an FTC retweet regarding Herbalife. To wit:
Retweets are not endorsements... but they really usually are. Which is the reason some are wondering just why did the FTC show a specific appreciation of this particular tweet sent out yesterday by a user who appears to have a bone to pick with Herbalife, Nu Skin and other alleged pyramid schemes:
#NCPW2014 Why have you not shut down pyramid schemes like Herbalife, Nu Skin and o...
March 12th, 2014 12:35 pm
Courtesy of Doug Short.
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.
Forecasting the General Market for me is fun. I use my Cycle Analysis and Forecasting Methodology along with the 30 Dow Industrial Component Companies and their respective Industry Groups. I use the same procedures with several broader based indices for verification and comparative analytics. With a brief narrative and rather simple graphics / charts, I will attempt to share how I go about getting consistently positive results.
My monthly composite article for all 30 of the Dow Companies can be read here.
The Dow 30 represents about 33% of the total market-cap of the world's universe of companies. At pr...
March 12th, 2014 11:06 amSatoshi: Why Newsweek isn’t convincing
By Felix Salmon
I had a 2-hour phone conversation with Leah McGrath Goodman yesterday. Goodman wrote the now-notorious Newsweek cover story about Dorian Nakamoto, which purported to out him as the inventor of bitcoin. At this point, it’s pretty obvious that the world is not convinced: in that sense, the story did not do its job.
As Anil Dash says, the geek world is the most skeptical. Almost all of the critiques and notations attempting to show that Dorian is not Satoshi are coming from geeks, which makes sense. If the world is what you perceive the world to be, then there is almost no overlap between the world of geeks in general, and bitcoin geeks in particular, on the one hand, and the world of a magazine editor like Jim Impoco, on the other ...
March 12th, 2014 12:00 am
Courtesy of Benzinga.
Michigan, one of the top exporters of copper to China, has seen a drastic increase in scrap metal theft over the past few years.
The often-unmarked metals are difficult to track, leaving a lack of evidence for law enforcement to use when prosecuting illegal scrappers.
To deter criminals, State Representative Paul Muxlow introduced House Bill 4593 last year to beef up laws on how scrap metal transactions are handled.
Here's what you need to know about it.
Delayed payment for certain items
The legislation calls for a three-day delay in payment on catalytic converters, air conditioners and copper wire. This means dealers...
March 11th, 2014 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
March 11th, 2014 1:27 pm
March 10th, 2014 7:37 pm
Today was the beginning of “spring break” for the market. At least it seemed that way with a very low trading volume of only 600M shares on the NYSE. Either the college crowd does more trading than we imagined or parents are taking the week off as well.
The market barely woke up for the session with the S&P 500 down 0.05% and the NASDAQ down 0.03%. However, the DJI must have gotten extra sleep this weekend as it was up 0.21%. Small caps took a bigger hit with the Russell 2000 dropping nearly 0.50% percent. There was nothing major in the news other than a disappointing trading figure from China. Indeed, the whole week will only include a meager four major economic reports with Wholesale Inventories tomorrow, Retail Sales and Jobless Claims on Thursday, and Producer Price In...
March 10th, 2014 9:47 am
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...
March 9th, 2014 3:05 am
Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.
Please click on the new Stock World Weekly and sign in with your user name and password.
We discuss the Ukraine/Russia conflict, Bitcoin, and more. We also share some new trade ideas from Phil.
January 12th, 2014 2:12 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.
And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference. Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014? The Biotech ETF beat the S&P by better than 3 points.
As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...
December 3rd, 2013 6:03 pm
Bloomberg Brief Economics - An award winning newsletter now available to the public. Click here to find out more and for your free trial....
September 29th, 2013 10:56 pm
Welcome to the fouth update of the IRA Virtual Portfolio. First I am going to summarize the current state of the Portfolio then I will get into all the activity we had during September expiration.
Profit and Loss – Net of closed positions the portfolio is up a total of $769
Market Commentary – Last expiration I said, "I would like to put a total of $20,000 to work by the end of SEP expiration. If the VIX pops up to around 20 I plan to put about $50,000 total to work." The market didn't quite reach the goal but I did manage to deploy $15,000 of buying power. I still feel the market is too high and expect a correction during October. If the vix pops up to around 20 I still plan to put about $50,000 to work. If a correction doesn't happen I still plan to have a total of $25,000 in buying power put to work by October expiration. Now on to the act...
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...