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Comment by stjeanluc

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  1. stjeanluc

    Yeah, he only gave the money recently after journalists researched who received his personal donation and no one had until last week. So sure, it will be in the list next week…

Comment by jelutuck

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  1. jelutuck

    I recall some time back people talking about their TOS commission rate. Can anyone tell me what a good option commission rate might be and how to get it?  Thanks!

News You Can Use From Phil’s Stock World


Financial Markets and Economy

Oil Slips After Touching $50 a Barrel for First Time This Year (Bloomberg)

Oil fell after touching $50 a barrel for the first time in more than six months Thursday as U.S. crude supplies and production declined.

A labourer welds steel frames at a steel factory in Huaibei, Anhui province June 2, 2010.  REUTERS/China Daily U.S. panel launches trade secret theft probe into Chinese steel (Business Insider)

The U.S. International Trade Commission said on Thursday it launched an investigation into complaints by United States Steel Corp <X.N> that Chinese competitors stole its trade secrets, engaged in price fixing and misrepresented the origin of their exports to the United States.

The Dow: An Index of Winners (The Atlantic)

One hundred and twenty years after its birth, the Dow Jones Industrial Average is as relevant as ever. There’s hardly a news story about the American stock market that doesn’t mention the index’s industrial average.

The Real Threat to Currency Traders (Bloomberg Gadfly)

Today's the day when regulators give the financial world a glimpse of how they reckon traders in the $5.3 trillion-a-day foreign-exchange market should behave.

LendingClub Fund Falters (Wall Street Journal)

A fund controlled by LendingClub Corp. that invests in the company’s online consumer loans suffered one of its worst monthly performances for April and disclosed it was buying riskier loans than originally intended, according to letters reviewed by The Wall Street Journal.

Hedge Funds Seek Brexit Trading Advantage Before Voting Closes (Bloomberg)

Hedge funds and banks are seeking to cash in on the outcome of next month’s referendum on British membership of the European Union hours before the first results are known.

Here's Why Our Infrastructure Is Crumbling and Our Recovery Is So Weak (Mother Jones)

Tim Fernholz says that this chart shocked him.

If You're Such a Great Investor, Where's Your Alpha? (Bloomberg View)

Is alpha, the Wall Street term for market-beating returns, sustainable? Or is it a unique, statistical outlier, indistinguishable from random chance?

continue reading Weekly Trading Webinar – 05-25-16

During the Live Trading Webinar, we shorted the Nikkei (/NKD) Futures at the 17,000 line, and we made a live $525 gain on /NKD along with another $580 on our Natural Gas (/NG) Futures longs. Making over $1,000 in a 2-hour webinar (plus another $110 on the Dow shorts) was plenty to lock in at the time! Weekly Trading Webinar – 05-25-16

Don't miss next week's webinar in real-time. Get LIVE access to Phil's Weekly Webinars by joining us at Phil's Stock World — click here!

Major Topics:
00:02:30 AAPL stock, Trade Ideas, Long -Term Portfolio
00:08:40 Long-Term Portfolio: Trade Ideas
00:22:00 Checking on the Markets: NG, NKD, DOW,
00:25:36 Impact on Dollar inflation
00:29:54 Brexit, Rate hike in June
00:33:00 Spike result
00:33:45 SQQ calls
00:34:10 Futures Trade
00:36:14 Re-Invest in Dividends
00:37:33 SPX
00:42:30 TSLA: Gigantic Ponzi Scheme
00:44:32 TGT, HPQ, Short-Term Portfolio
00:49:54 Inflation is good for gold?
00:54:40 Low Rates
00:55:20 Checking on markets
00:56:05 Self-Driving Cars
01:01:52 Bullish on Gold or Nugget
01:01:28 RIO
01:02:36 FCX
01:03:16 Selling puts: The stock drops below the stike price. Now what? Buy the stock, roll the puts, or just get out? If the stock is AAPL, your approach would likely be different than if the stock was VRX. 
01:06:30 Biotechs, printing organs, game-changing technlogy. Will we be able to 3-print a person, like in Star Trek?
01:10:45 Dollar – Upward pressure. 
01:12:52 Oil report this morning – Mixed. 
01:15:45 Oil, Natural Gas contracts
01:15:57 Checking on energy trades, Nikkei (NKD), Dollar (DX)
01:19:25 Brent crude oil – will it punch through $50? Don't just trade on technical factors. Evaluate the whole situation. 
01:21:45 If the DX goes down that is bad for the NKD. DX down, Yen up… 
01:22:25 Manipulation in the oil market will never stop. It's all BS but it's a game we all agree to play. 
01:25:30 Futures. Example of Phil taking a big loss on oil when something blew up.
01:31:10 DX, NKD, currencies and risks.
01:34:45 SDS (SDS reflects S&P 500, subject to decay).  
01:36:56 Digital Currencies – We're on Scandal-Watch, but Phil likes Greenbank Capital. It's important to get in a Ponzi scheme early!
01:43:50 TWTR
01:45:39 Checking on the Market
01:46:38 Hedges

Comment by phil

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  1. phil

    Speaking of Trump – I like the fact that he said he'd debate Sanders in California for $10M (for charity) – it's good to pull back the curtain and demonstrate what a joke this whole process is.  Certainly I wouldn't be surprised if networks are already bidding for the rights.  

    Markets/Pat – My take is this is a low-volume, BS rally that will likely keep up to close the month next Tuesday but that we can only ignore reality for so long before it bites us in the ass.  Smart money has already left the market – if you are in, you are with the dumb money crowd.  

    And what Lunar said I said.  

    /NG/Japar – I like it there but not below so only good to play if you're going to keep stops.  Personally, I'd rather go out for dinner.  

Insider Activity: Not So Much Lately

Here are some charts from showing that insider activity is relatively low, both buying activity and selling activity. Some notable buys recently were in ENDP (a mini-Valeant), FEYE, and AVID. 

Comment by phil

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  1. phil

    Oil/Jabob – I'm happy to get 0.50 out of the deal ($49.50), so that's a stop now (and we can play that line below with tight stops if it goes back over).

    GOGO/Hanj – Nice, 10% pop!  

    Great for the OOP – that thing is cruising now:

    • SJB – Fell off sharply as people get complacent about JNK, I still like this trade but $1,400 is enough to risk.  

    • ABX – Just waiting for those to expire.  
    • FCX – Also just waiting.  
    • TGT – New one. 
    • USO – Waiting. 
    • WSM – Big part of our recent gains.  
    • SDS – Sept hedge. 
    • SQQQ – June hedge. 
    • TZA – July hedge.  On this one, we may was well invest and roll the July $42 calls ($2) to the October $37 ($6)/45 ($3.90) bull call spread at $3.10 so we spend $1.10 to be $1.95 in the money with 3 more months of insurance.  

    • UNG – A bit off track but the spread is even at the moment.  
    • TLT – On track 
    • USO – On track
    • AAPL – On track and I didn't log the cover of 5 short July $97.50 calls at $3.70 (now $4.20).
    • BHI – Love them
    • BID – What a comeback!

    • DIS – Already zooming higher.  
    • GOGO – Fantastic today.
    • HOV – I still have faith.  
    • IMAX – Very happy with these.  
    • LABU – We're stuck with the pre-split options but I'm fine with it our target and time-frame.  
    • MRVL – On track.
    • SQQQ – This is the one we added to yesterday. 
    • TASR – On track for a full

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Stock futures slightly higher as economic data awaited (Business Insider)

U.S. stock index futures were slightly higher on Thursday, after the S&P 500 posted its strongest two-day run since early March, and as investors await data to gauge the economy's strength.

Visitors looks at an electronic board showing the Japan's Nikkei average at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 9, 2016. REUTERS/Issei KatoOil tops $50, lifts commodity stocks but Fed, China weigh (Reuters)

Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and energy-related shares in Europe and Asia though worries about U.S. interest rates and signs of slowdown in China limited gains.

Fed's Bullard: global central bank policy divergence has been priced in (Reuters)

The divergence in monetary policy between the U.S. Federal Reserve and other major central banks has been generally priced in, St. Louis St. Louis Federal Reserve President James Bullard said on Thursday.

Occupy Wall Street is back — and it might actually succeed this timeOccupy Wall Street is back — and it might actually succeed this time (Salon)

What the hell happened to Occupy Wall Street?

After the Great Recession of 2008, the climate was ripe for populism. Americans were pissed off. The same people who wrecked the economy were, once again, rewarded for their recklessness. The logic of “too big to fail” made sense, but the reality was that these institutions were too big for justice. Necessary or not, the bailouts were an affront to the people whose livelihoods were plundered by the banks.

At Swinging Wall Street Parties, the Feds Are Now on the Prowl (Bloomberg)

The drinks were flowing in Miami Beach that evening when Wall Street’s top cop crashed the party.

No Treasuries Left for Wall Street Dealers Amid Blowout Auctions (Bloomberg)

After two notes sales this week left primary dealers with the fewest Treasuries on record, investors will get

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Expect the Unexpected


Expect the Unexpected

Courtesy of 

I repeat this Jeff Gundlach quote a lot because I love it and it constantly applies to something: “Whenever you hear people in the investment business say ‘Never’, that’s when you know it’s about to happen.”

The Dow is 2.6% away from record highs now that we’re through the fairly lousy earnings season. The SPX is even closer, just 2% away. There’s no reason. Anything can happen.

We’re getting a really great reminder of this every night, courtesy of the NBA East and West finals. Golden State barely lost a game in the regular season and pretty much manhandled their opponents in the first two rounds of the post-season. They broke dozens of records, both as a team and on an individual basis. Steph made 400 3-pointers, beating his previous record of 200 or something like that.

Now they can’t win a game against OKC. They can’t even win a quarter. They can’t shoot, they can’t rebound and they sure as hell can’t stop Westbrook and Durant. They can’t even stop the Thunder role-players. Two weeks ago they looked invincible. Now they need to win two straight just to stay alive.

Look north. The Cavs are now tied at 2-2 against Toronto. Another impossible situation. Cleveland swept the rest of the East in the first two rounds and it seemed like destiny that LeBron would face Steph Curry in the finals. He can’t even face f***ing Drake. Toronto is playing miraculous basketball while Kevin Love disappears and Kyrie Irving hits the front of the rim. It’s astonishing.

If present trends continue, the Raptors will be playing the Thunder in the finals and LeBron will be watching from a Buffalo Wild Wings. Let’s hope not, for the NBA’s sake. I think it’s clear they wanted expected CLE vs GS, but they very well may not get it.

Expect the unexpected.

And now, about that rate hike in June the Fed “definitely won’t” be doing…

Elites vs. Too Much Democracy: Andrew Sullivan’s Afraid of Popular Self-Government


Elites vs. Too Much Democracy: Andrew Sullivan’s Afraid of Popular Self-Government


This post first appeared on

British expatriate writer Andrew Sullivan recently returned to the public eye with a piece that has aroused considerable comment, some of it reasonably on point, and some bloviatingly incoherent.

What is all the fuss about? Sullivan, in critiquing the Donald Trump phenomenon and the political factors that gave rise to it, makes a few good points, but buries them under a ridiculous premise: The culprit responsible for Trump is too much democracy, and the cure is more elite control of the political process.

Sullivan gets everything backward. It is as if a safety inspector had gone aboard RMS Titanic, minutely examined her watertight hatches, boiler and steam turbine, and then declared her safe because he judged that the lack of lifeboats reduced the chances of capsizing from too much top weight.

Plato’s Retread

In a nutshell, Sullivan attributes Trump’s nomination for the presidency by one of our two major parties to the rise of what he calls “hyperdemocracy.” Accompanying this alleged excess of democracy is a mania for equality that leads to all manner of pointless leveling of social classes along with an undermining of authority. As chief witness for the prosecution, he calls to the stand no less than Plato, who argued that the ripening of democracy births manifold horrors like gender equality, the treatment of foreigners as equals, an abatement of cruelty to animals, and the rich mingling freely with the poor.

One wonders if Sullivan could have cited a more relevant critic of the contemporary political system of a continent-sized nation with 320 million people than a metaphysician dwelling in a tiny city-state more than 2,400 years ago. And a rather implausible critic at that: the bedrock of Plato’s philosophy was his belief that physical objects and events are mere shadows of their ideal forms, which exist only insofar as they crudely simulate the perfect idealizations of themselves.

This kind of patently silly epistemology may make for a great debate topic at the Oxford Union,…
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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

The side effects of negative interest rates are 'fanning out across the globe' (Business Insider)

The side effects of Negative Interest Rate Policies in Europe and Japan — what we’ve come to call the NIRP absurdity — are becoming numerous and legendary, and they’re fanning out across the globe, far beyond the NIRP countries.

Bond Traders Say Don't Count Out June Hike After Yellen Remarks (Bloomberg)


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Zero Hedge

How Russia Is Preparing For WWIII

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by The Saker,

I have recently posted a piece in which I tried to debunk a few popular myths about modern warfare. Judging by many comments which I received in response to this post, I have to say that the myths in question are still alive and well and that I clearly failed to convince many readers. What I propose to do today, is to look at what Russia is really doing in response to the growing ...

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Phil's Favorites

Japan Is First To Panic; Won't Be The Last

Courtesy of John Rubino.

The most widely-reported result of the recent G-7 meeting was Japan’s attempt to convince the other major economies to admit that a crisis is imminent and take appropriately radical steps. The response seems to have been a bunch of blank stares. As India’s Business Standard noted:

G7 pact offers minimal cover for Abenomics reset A Group of Seven compromise offers minimal cover for Shinzo Abe. The Japanese prime minister’s plan to revitalize the world’s third-largest economy needs fresh impetus. Abe didn’t get as much international backing as he might have liked from hosting the rich nations’ club. But, the summit communique can, just about, be spun his way.

Abe’s cou...

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Chart School

World Markets Weekend Update: The Global Rally Accelerates

Courtesy of Doug Short's Advisor Perspectives.

Seven of the eight indexes on our world watch list posted gains over the past week, up from five the week before, and the average of the eight was an impressive 2.60%. India's SENSEX was the outstanding out performer with a 5.34% surge, and three indexes, France's CAC 40, the Hong Kong's Hang Seng and Germany's DAXK closed the week with gains in the mid-three percents. China's Shanghai was the sole loser with its fractional 0.16% decline. Japan's Nikkei had the second worse performance with a modest gain of 0.59%. Incidentally, the Nikkei about 4% below its late January close when the Bank of Japan adopted its negative interest rate policy.

A Closer Look at the Last Four Weeks

The tables below provide a concise overvi...

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Billionaire Stephen Schwartzman How To Spot the Trends that Other Miss

By Jacob Wolinsky. Originally published at ValueWalk.

Billionaire Stephen Schwartzman How To Spot the Trends that Other Miss

Published on Mar 27, 2016

Billionaire Stephen Schwartzman How To Spot the Trends that Other Miss [HD]

Stephen Allen Schwarzman (born February 14, 1947) is an American business magnate and financier. He is the chairman and CEO of the Blackstone Group, a global private equity and financial advisory firm he established in 1985 with former US Secretary of Commerce Pete Peterson. His personal fortune is estimated at $12.9 billion, according to Forbes.As of 2015, Forbes ranked Schwarzman at 100th on its World’s Billionaires List.

The post ...

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Kimble Charting Solutions

Gold Mining Stocks- Most dangerous time to own them in years?

Courtesy of Chris Kimble.


The rally in mining stocks since the first of the year has been very impressive.

The rally has taken Gold Miners ETF GDX up to test the 23% retracement of the collapse over the past 5-years. At the same time it is hitting the 23% level, two other resistance lines are being put to a test, with momentum at the highest levels in the past 5-years.

Joe Friday Just The Facts...

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Insider Scoop

Graham Media Group To Buy WCWJ, CW affiliate In Jacksonville, NBC Affiliate in Roanoke

Courtesy of Benzinga.

Graham Media Group, Inc., a Graham Holdings Company (NYSE: GHC) subsidiary, said it struck a deal with Nexstar Broadcasting Group, Inc. and Media General, Inc. to purchase WCWJ, a CW affiliate television station in Jacksonville, Florida and WSLS, an NBC affiliate television station in Roanoke, Virginia for $60 million in cash and the assumption of certain liabilities.

The agreement to acquire Nextar Broadcasting included pension obligations. Graham Media Group, Inc. would continue to operate both stations under their current network affiliations.

Graham Media said the acquisition is subject to approval by the FCC, other regulatory appr... more from Insider


Swing trading portfolio - week of May 23rd, 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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Digital Currencies

The Biggest Bitcoin Arbitrage Ever?

Courtesy of Chris at CapitalistExploits

Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t?

Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found it all a bit silly. I never “got” computer games, and to this day still have poor comprehension of things like Angry Birds.

I suspect that many people around the world view Bitcoin in the same way as I view Angry Birds: with mild amusement and a general lack of understanding as to what the hell all the fuss is about.

I was thinking of this since a buddy of mine recently started ...

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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...

more from David


This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again



After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.


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Mapping The Market

About that debate last night

Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,

The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now. 

And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now. 

Phil writes back,

I was expecting them to start throwing poop at each other &n...

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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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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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