Archive for the ‘Uncategorized’ Category

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Financial Markets and Economy

The Fed just tweeted a brutal chart showing the sorry state of US department stores (Business Insider)

It's Black Friday, which means American consumers everywhere are knocking down doors in their efforts to take advantage of what they perceive to be a good deal.


Oil prices fall more than 3% as dollar and oversupply continue to weigh (Market Watch)

Oil prices settled sharply lower Friday, pressured by a stronger dollar and the global oversupply of crude still clouding the outlook for the industry.

Weak industrial data from China and a regulatory crackdown on Chinese stockbrokers also put pressure on the commodity, as fears about oil demand resurfaced.

Canada's Oil Price Shock Means Better Prairie Borrowers for CMHC (Bloomberg)

The oil price shock has a silver lining for Canada’s state-owned housing agency: the quality of home buyers in energy-rich provinces is actually improving.

This is the roller-coaster ride stock market investors must be willing to endure (Business Insider)

Historically, the stock market has been able to deliver around 10% annual returns on average.

cotd sp500 performance around peaks

Dollar ends week higher in low-volume trading session (Market Watch)

The U.S. dollar rose against most of its major rivals Friday, pushing the euro below $1.06 in a low-volume trading session.

An overnight rout in Chinese equities, during which the Shanghai Composite Index  recorded its biggest one-day drop since Aug. 25, pushed the yen lower. The dollar traded at ¥122.82 in Friday afternoon New York trade, compared with ¥122.65 late Thursday in New York.

Half of Gold Output May Not Be `Viable' as Price Sags: Randgold (Bloomberg)

Half of the gold coming from mines may not be viable at current prices, underscoring the industrys need for consolidation and cuts in output, according to the best-performing producer of the metal in the past decade.

Disney is demonstrating what 'pricing power' is all about at its Magic Kingdom (Business Insider)

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Fully Stuffed Friday – Markets Popping or Dropping?

SPX DAILYWhat an interesting year it has been.

On the whole, the markets have gone nowhere and it's up to December to either make or break a positive close for 2015.  As you can see from Dave Fry's S&P 500 Chart, we had a big "W" pattern that seems to be leading into an "M" pattern that, on the whole will drag us back down to about 2,000 at some point.

That point, however, plus or minus 2 weeks, will make or break the markets in 2016.  Brokers need to have a good finish to 2015 or their brochures for 2016 investing won't look attractive enough to get customers to pull their cash off the sidelines – especially in a rising rate environment.  At the moment it's "sure bonds were only good for 3% last year but stocks were down" – that's NOT a good way to get baby boomers to cash in their bonds and open a new trading account, is it?  

And Americans are saving.  After all – it's a Recession.  Just because the Government doesn't want to call it a recession and the Corporate Media isn't even allowed to say the word – it doesn't mean it isn't happening and the consumer spending data clearly indicates recessionary behavior has certainly taken hold.

Very sadly, looking at this BLS chart of Consumer Spending, the average family spends more after-tax money than they earn and that really doesn't leave a lot of growth for economic expansion in a country where nearly 70% of our GDP is consumer spending.  Savings is not even a category on this chart – for goodness sakes!  

As we know, less money has gone to gasoline this year and it was hoped that the savings would flow to other spending but that has not been the case as the average 48 year-old consumer is, of course, a little concerned with all this campaign talk about cutting the Social Security checks they expect to begin collecting in 17 years.  

I know this may come as a shock to 9 out of 10 "experts" they trot out on TV to explain things to you but, when you don't raise salaries, then all the consumer can…
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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Rich Asians Mostly Stick With Dollar Rally UBS Sees Almost Done (Bloomberg)

UBS Group AG, the world’s largest private bank, is telling its wealthy clients that the U.S. dollar’s gains are set to be limited as the Federal Reserve will probably tighten policy gradually after liftoff next month.

swiss guard army soldierSwitzerland is about to launch a huge experiment in 'the war on cash' (Business Insider)

A huge economic experiment will begin in Switzerland and Sweden in 2016, and some people are calling it the "war on cash."

Both countries have central banks that have imposed negative interest rates on their commercial banks, making it costly for those banks to store cash. The intent is to force the banks to lend out the cash, thus spurring the economy and a small amount of healthy inflation.

There’s much about the economy to be thankful for (Market Watch)

You know how the media is: always trumpeting bad news. It’s not news, for example, when a plane lands safely, right? But when something goes wrong, they’re all over it like white on rice. That’s how it usually is with our economy too. We’re always hearing about our problems. Some $19 trillion in federal debt. Tens of millions on food stamps. The increasing challenge of being able to pay for college, buy a home, or have a comfortable retirement. On and on. These are big, serious problems, no question about it.

Cyber Monday Is Dead. Long Live Cyber Friday (Bloomberg)

The last thing shoppers need is another name for their holiday binge; and yet here it is. First there was Black Friday. Then there was Cyber Monday. Now there’s Cyber Friday as the lines blur between online and traditional shopping in a weekend of frenzied consumption.

Norway: Oslo to Bergen by trainElite funds prepare for reflation and a bloodbath for bonds (The Telegraph)

One by one, the giant investment funds are quietly switching out of government bonds, the most

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

25 Years of Stock Market Milestones for China (Bloomberg)

This year has been a wild ride for Chinese stocks, something that long-time investors have come to expect from a country that's seen 55 bull and bear markets since the ruling Communist Party first allowed equity trading in 1990. As the Shanghai Stock Exchange celebrates it's 25th anniversary on Thursday, here's a look at some of the key milestones on China's path from equity-market upstart to $7 trillion behemoth.

Oil rig count falls (Business Insider)

The US oil rig count fell by 9 to 555 this week, according to driller Baker Hughes.

11 25 15 oil rigs chart

Junk-bond yields are soaring — and the Fed hasn’t raised rates yet (Market Watch)

Is there trouble brewing in the junk-bond market?

Deal of the Week: Pfizer Sticks It to U.S. Treasury (Bloomberg)

In this episode, Alex and Global M&A Managing Editor McCracken discuss the largest deal of the year and the biggest health care deal ever, Pfizer Inc. and Allergan Plc's $160 billion merger. They ponder whether the deal, constructed so that Pfizer will pay lower taxes by domiciling in Ireland, opens the door for more so-called inversions just as the U.S. Treasury tries to crack down on them.

car dealership auto salesWall Street is betting on a big rebound in a grim business (Business Insider)

There's one business on Wall Street where deal flow is at a fraction of what it was a few years ago.

It's also the place where bankers and lawyers are in high demand right now. 

Anticipating a wave of new business ahead, Wall Street firms are ramping up hiring for restructuring and bankruptcy specialists.

Market Wavers as Holiday Approaches (NY Times)

HP shares were sinking after the company reported weak PC, printer and software sales, but shares of its HP Enterprise unit rose as sales improved.

Gold Daily and Silver Weekly Charts – Happy Thanksgiving (Jesse's Cafe Americain)

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Passersby walk past in front of stock quotation board outside a brokerage in Tokyo, Japan, September 29, 2015.  REUTERS/Issei Kato Asia stocks mixed amid geopolitical tension, oil eases from highs (Business Insider)

Asian stocks were mixed in early trading on Wednesday as investors assessed the geopolitical risk surrounding Turkey's downing of a Russian fighter jet, while crude oil prices eased from two-week highs.

If China Killed Commodities Super Cycle, Fed Is About to Bury It (Bloomberg)

For commodities, it’s like the 21st century never happened.

The last time the Bloomberg Commodity Index of investor returns was this low, Apple Inc.’s best-selling product was a desktop computer, and you could pay for it with francs and deutsche marks.

'Silk Road' Countries' Gold Reserves Accumulation Has Grown 450% Since 2008 (Jesse's Cafe Americain)

Silk road total demand, including the growth of official reserves and commercial imports, has risen from 1,493 tonnes in the year 2000 to over 27,087 tonnes in 2015.

Twitter raises questions for investors (Market Watch)

We’ve been on the right side of what I predicted would be a Bubble-Blowing Bull Market, and I’ve reminded you to ignore the noise, as we’ve used hyped non-crises — the Euro-crisis, Fed rate-hike hysteria, China slowdown, currency wars, and so on — to buy more stocks and have then been able to take some partial profits when the bull market got back to new highs. 

China Nickel Makers Said to Plan Meeting to Weigh Cuts Amid Rout (Bloomberg)

Nickel makers in China including Jinchuan Group Co., the country’s largest supplier of refined metal, plan to gather on Friday to discuss measures to respond to the lowest prices in 12 years, including possible cuts to supply, according to people with knowledge of the event.

Europe Index Futures Indicate Stocks to Rebound From 2-Day Drop (Bloomberg)

European stock-index futures advanced, indicating equities will rebound after falling the most in almost two weeks.

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Barclays bets on stock boom as world money growth soars (The Telegraph)

Barclays has advised clients to jump into world stock markets with both feet, citing the fastest growth in the global money supply in over thirty years and an accelerating recovery in China .

Ian Scott, the bank’s global equity strategist, said the sheer force of liquidity will overwhelm the first interest rate rises by the US Federal Reserve, expected to kick off next month.

The Pfizer logo is pictured at their building in the Manhattan borough of New York October 29, 2015. Botox maker Allergan Plc and Pfizer Inc on Thursday said they were in early, friendly talks to create the world's largest drugmaker and potentially set up Pfizer to take advantage of Ireland's lower tax rates. Both New York-based Pfizer and Dublin-based Allergan said no agreement has been reached and declined to discuss any terms. REUTERS/Carlo Allegri      TPX IMAGES OF THE DAY      - RTX1TUPSThe reason Pfizer doesn't have to care what politicians say about its $160 billion merger (Business Insider)

It took no time for news of a $160 billion merger between Pfizer and Allergan to spur objections from several presidential candidates.

The deal will allow Pfizer to move its domicile from the US to Ireland, where its tax bill will fall drastically. The politicians see this expatriation as a slap in the face.

Wall St. Ticks Upward Amid Global Instability Fears (NY Times)

Energy stocks rose, but shares of airlines and travel companies sank as investors feared a drop in travel and vacation spending.

Singapore to Trump Hong Kong in Millionaire Growth (Bloomberg)

Singapore will outpace Hong Kong in growth in the ranks of millionaires over the next five years, with about one in 30 people qualifying as high net worth by 2020, swelled by Indians and Chinese keen to avoid social unrest, according to WealthInsight.

Third-quarter GDP upped to 2.1% from 1.5% (Market Watch)

The U.S. economy grew faster in the third quarter

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All in or all out?

Ian Scott at Barclays argues the bright side for equities, especially liking the weak — e.g., materials and commodities, value stocks, the financial sector, and emerging markets.

Barclays bets on stock boom as world money growth soars

Commodities and emerging markets may have hit bottom. Fed rate rises mean leadership is switching to "anti-bond" sectors



Barclays has advised clients to jump into world stock markets with both feet, citing the fastest growth in the global money supply in over thirty years and an accelerating recovery in China .

Ian Scott, the bank’s global equity strategist, said the sheer force of liquidity will overwhelm the first interest rate rises by the US Federal Reserve, expected to kick off next month.

Global equities rose by an average 15pc over the six months after the last three US tightening cycles began, on average, and Barclays argues that this time stocks are cheaper.

The cyclically-adjusted price to earnings ratio (CAPE) for the world’s equity markets is currently 18, compared to 25.5 at the beginning of the last rate rise episode in 2004.

Keep reading >

Goldman disagrees, suggesting that you may as well sell everything and come back in 2017.

"Sell In December And Go Away" – Why Goldman Sees The Market Going Nowhere In 2016

Courtesy of ZeroHedge. View original post here.

When it comes to 2016, Goldman says that it is "deja vu all over again", and that the S&P 500 index will tread water for a second consecutive year. Specifically Goldman says that its "year-end 2016 target of 2100 represents a 1% price gain from the current index level (2089), which itself is just 1% above the year-end 2014 level of 2059."

Hardly the double-digit annual growth everyone has gotten used to over the past 7 years, that was so easy anyone could do it.

Here are the reasons why Goldman expects all the main themes from 2015 to be repeated in the coming year, and why the one…
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News You Can Use From Phil’s Stock World


Financial Markets and Economy

U.S. Index Futures Drop After Turkey Shoots Down Russia Warplane (Bloomberg)

U.S. stock-index futures declined after Turkey said it shot down a Russian warplane, while investors await data for further indications of the strength of the world’s biggest economy.

Airline shares are plummeting as easyJet suspends more flights to Egypt (Business Insider)

Shares in British listed airlines are tanking this morning after easyJet said it's cancelling all flights between the UK and Sharm el-Sheikh on Egypt's Mediterranean coast until at least January 6.

EasyJet 24/11/15

China and U.S. Say They’ve Made Strides in Trade Talks (NY Times)

In their first top-level trade talks since President Obama hosted China’s leader in September, the United States and China said on Monday that they had made progress on sticking points, including preventing the theft of trade secrets and opening the Chinese market more broadly to American multinationals.

Still, the lack of larger breakthroughs on bigger issues — like negotiations for a broad trade deal — contrasted with America’s improving economic ties with the rest of Asia.

Lira Drops With Stocks After Turkey Shoots Down Russian Jet (Bloomberg)

The lira dropped the most in emerging markets, and stocks fell with bonds, after the Turkish military shot down a Russian jet, threatening to escalate tension between the two nations as Turkey prepares to name a new cabinet.

Turkey’s Borsa Istanbul 100 index has now erased all gains since a decisive election on Nov. 1

Pedestrians holding their mobile phone walk past an electronic board showing the various stock prices outside a brokerage in Tokyo, Japan, September 9, 2015.  REUTERS/Yuya ShinoAsian shares stall, dollar firm near eight-month peak (Business Insider)

Asian shares dragged their feet on Tuesday after a healthcare mega-merger failed to impress investors while the dollar held firm near an eight-month high as investors grew more convinced of a U.S. rate hike next month.

MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was almost flat while Japan's

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Trickle Down Tuesday – Markets Pull a Slow Fade into Holiday

SPY  5  MINUTEGoing down!  

You can't draw any conclusions from these low-volume trading days but, in general, stocks have been in retreat and this morning the news of Turkey shooting down a Russian jet fighter did not help the mood one bit as European markets dove 1.5% and our Futures followed down half a point (so far).  

I already sent out a News Alert to our Members and, if you follow us on Twitter, you already saw it – so I won't go over all the details and possible repercussions again.  Needless to say World War III would be kind of a bummer so let's hope things don't escalate.  Fortunately, Vladimir Putin is well known for his diplomatic restraint.

The US State Department has already issued a Global Travel Alert that's likely to put a damper on holiday cheer this year.  Paris is already seeing a slump as airline bookings into the city are down 13% – enough to put a serious dent in the travel industry's bottom line.  I was in NYC this weekend and my children got to see heavily armed police hanging out in Times Square and it was way too easy to get stand-by show tickets on Sunday (but we knew it would be, that's why we decided to go).  Buffett's admonition to "be greedy when others are fearful" applies to more than just stocks…

Brussells has become a complete ghost town as the Government there is hunting for terrorists in the capital – not even the subways are running as the ECB must be protected at all costs, of course.  It is in this environment, amazingly, that I have gotten tons of messages and comments in the past week telling me I'm too bearish and the markets will fly on the biggest Santa Claus Rally of all time.  It really does scare me that so many investors believe in Santa Claus, not to mention the Fed.  

I'm tired of explaining why I'm more comfortable being in CASH!!! into the end of 2015 but David Stockman isn't, so you can hear his interview where he makes the case that the Fed is very
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Comment by phil

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  1. phil

    Good morning! 

    Things were drifting along until this:  

    Warplane apparently shot down by Turkish jets in Syria was Russian, officials in Moscow say

    Oops!  Of course, this is why I prefer to be cautious in the markets when there are wars and terrorism and such going on all over the place (aside from the weak economy) – you never know when things might escalate. Still, we'll probably bounce back as it's such low volume and Trade Bots don't care about such things…

    Europe being hit very hard:

    /NKD still getting rejected at 20,000 – EZ money there:

    Oil gains as Saudi Arabia reiterates its commitment to a more stable market

    OPEC Seen Holding the Line as $40 Oil Looms Over Vienna MeetingIt’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 meeting in Vienna. In the year since the Organization of Petroleum Exporting Countries chose to defend its market share, and let prices sink, a 44 percent plunge in crude has slashed members’ revenues by almost half a trillion dollars. Undeterred, the group will press on with its strategy to batter rival producers when ministers meet next week, according to 30 analysts and traders surveyed by Bloomberg.

    And, of course:

    So that's our allies, Turkey, shooting down a Russian jet using weapons we sold them!  

    This will be interesting….

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Phil's Favorites

Manufacturing ISM Contracts; Lowest Reading Since June 2009; Glimmers of Hope Extinguished

Courtesy of Mish.

After flirting with contraction for three months, the Manufacturing ISM fell into negative territory with a 48.6 reading, below the lowest Econoday estimate of 49.7. The Econoday Consensus guess was 50.5, an improvement over the October reading of 50.1
After skirting right at the breakeven 50 line since September, ISM's manufacturing index broke below in November to 48.6 which is more than 1 point below Econoday's low-end estimate for the lowest reading since June 2009. The decline includes a significant dip for new orders which are down 4.0 points to 48.9 and the lowest reading since August 2012. At 43.0, backlog orders are in a six-month streak of contraction. With orders down, ISM's sample cut back ...

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Insider Scoop

Stifel Downgrades Rexx As Its Financial Risk Doesn't Warrant A Hold

Courtesy of Benzinga.

Related REXX Morning Market Gainers Benzinga's Top #PreMarket Gainers
  • Rex Energy Corporation (NASDAQ: REXX) shares have lost 73 percent year-to-date, and are currently trading close to the lower end of their 52-week range of $1.36 - $8.21.
  • Stifel’s Michael S. Scialla downgraded the rating on the company from Hold to Sell, while establishing a price target of $0.75.
  • The company does not seem to have sufficient funds to cover interest expenses in 2016, Scialla... more from Insider

Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

IMF Approves Reserve-Currency Status for China's Yuan (Bloomberg)

The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the progress China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan.

The most creative thing central banks have done since the financial crisis has had 'unspectacular' results (Bloomberg)

The most creative thing done by central banks since the financial crisis is taking benchmark ...

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Zero Hedge

Seeking A Savior

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Jeff Thomas via,

It’s an unfortunate truth that, when people are worried about the future, they often put their faith in politicians to somehow make everything better.

Politicians, of course, are famous for promising panaceas for whatever is troubling voters, and they even invent new troubles to worry about, presenting themselves as the only ones who can solve these woes.

Not surprising then, that, over time, any nation may slowly deteriorate into a population of nebbishes who turn to their government to do their thinking for them and take responsibility for their futures.


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Chart School

Semiconductor Index Breaks 200-day MA

Courtesy of Declan.

Today offered a heavier than expected volume day post-holiday. The majority of this action was to the downside, but the Semiconductor Index bucked the trend.  The latter index was able to push above its 200-day MA as it posted a relative advantage against the Nasdaq 100. While the Nasdaq and Nasdaq 100 suffered losses today, both will be helped by strength in the Semiconductor Index.  All technicals for the Semiconductor Index are in the green, with a return of the MACD to a 'buy' trigger (above the bullish zero line - a bullish development).

The Nasdaq suffered a minor loss. It wasn't able to challenge the recent high, but it's close enough ...

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All About Trends

Mid-Day Update

Reminder: David 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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Kimble Charting Solutions

Crude Oil Market As Oversold As 1999 Lows

Courtesy of Chris Kimble.

Crude Oil is quite simply the most important commodity on the planet. But volatility with Crude Oil prices emerges every time there is conflict in oil producing nations or an economic slowdown.

And this has led to some pretty big swings in Crude Oil prices over the past several years.

But the latest swing lower is nearing a moment of truth. In fact, this decline may be the most important swing lower of the 2000’s.

Why?  Because oil prices are currently testing a key price support level comprised of the 2004 breakout level (above the 1990 highs) and the 2009 price lows – see red circles and line. In fact, this price support area also marks the 23.6 Fibonacci support level (from the 1999 lows to 2008 highs).  AND crude oil is as oversold as it was back at the 1999 price lows!

But that’s no...

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Swing trading portfolio - week of November 30th, 2015

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 Bitcoin Universe Explained

Courtesy of ZeroHedge. View original post here.

As evidenced by the Greek, Chinese, and now Argentine 'jumps', the world remains increasingly aware of the inevitable worth of fiat currencies and fears the desperate acts of governments as the react to that reality (and is looking for alternatives).

This infographic explains the wide ranges of the Bitcoin universe, accompanied with quotes from some of its best-known business leaders.

Courtesy of: Visual Capitalist ...

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Sector Detector: Bulls wrest back control of market direction, despite global adversity

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

Courtesy of Sabrient Systems and Gradient Analytics

Some weeks when I write this article there is little new to talk about from the prior week. It’s always the Fed, global QE, China growth, election chatter, oil prices, etc. And then there are times like this in which there is so much happening that I don’t know where to start. Of course, the biggest market-moving news came the weekend before last when Paris was put face-to-face with the depths of human depravity and savagery. And yet the stock market responded with its best week of the year. As a result, the key issues dominating the front page and election chatter have moved from the economy and jobs to national security and a real war (rather than police ...

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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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Whitney Tilson On LL, EXACT, And Martin Shkreli


Whitney Tilson On LL, EXACT, And Martin Shkreli

Courtesy of Value Walk

1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:

  • The U.S. Preventative Services Task Force’s Colorectal Cancer Screening Draft Recommendation issued yesterday is devastating for Exact Sciences’ only product, Cologuard.
  • I think this is the beginning of the end for the company.
  • My price target for the stock a year from now is $3, so I shorted more yes...

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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!

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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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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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