Dodd-Frankly Speaking

 

Dodd-Frankly Speaking

Courtesy of 

The Wall Street Journal is reporting this morning that household debt grew in 2016 by the most in almost a decade. The composition is different (more auto, less mortgage) but this is exactly what the Federal Reserve has been trying to produce all this time – velocity of money moving throughout the economy.

Total household debt climbed by $226 billion in the final three months of 2016, according to a report Thursday from the Federal Reserve Bank of New York. Total household debts are now just $99 billion shy of the all-time peak of $12.7 trillion set in the third quarter of 2008 just as the banking system began crashing down. The New York Fed estimates that debt is highly likely to set a new record in 2017.

But “a new record” should be looked at in the context of the overall economy, not nominally. We’re not nearly in the same place we were headed into the financial crisis when viewed correctly, as Josh Zumbrun points out:

The New York Fed doesn’t adjust its figures for inflation. When measured against the broader economy, total household borrowing today is 67% of nominal gross domestic product, compared with about 85% in 2008.

The bad news is that much of the growth in household indebtedness has come from student and auto loans. The Fed’s data on auto loan delinquencies this week is somewhat troubling. Here’s the New York Post:

Auto loan delinquencies in the fourth quarter hit their highest level since the financial crisis, a report out Thursday revealed.

About $23.27 billion in loans were 30 days or more late as of Dec. 31 — a whopping 14 percent increase from the year earlier and the most since the $23.46 billion in the third quarter of 2008, according to the New York Federal Reserve.

Delinquencies have moved up as the credit quality of the loans has deteriorated and the length of the auto loans has increased — sometimes to 84 months.

Sounds scary. But – when you look at the breakdown between subprime auto loans and regular…
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  • Phil, Passed a milestone today since joining 2 months ago. 25% of my account is in buy/writes, bull call spreads and disaster hedges. A majority of the trades were taken directly from your ideas or someone else`s contributions. Some were daytrades that became spreads. That part of my account is up 30% as of today. I don`t worry about it, or mess with it much, did a few rolls etc. Rest of the account is there to day trade, cover the writes and take advantage of opportunities. Thanks to everyone who contributes here, what a sweet way to trade, so many opportunities.

    Ben1Be

  • Great calls this week!

    SNS1

  • Phil… My portfolio, in the past few months, has acheived a high degree of stabilization. I've noticed that on up days, down days, even days, it doesn't matter, my portfolio rarely varies more than 2%. And over the long haul it just slowly increases in value. I attribute this not to investment choices, but to style. Thanks to you and others on this site I'm paying close attention to position size, delta neutrality, downside protection, and concentrating on selling premium rather than buying it. I've developed increasing patience, not having to trade daily, or even weekly. I'm concentrating on the finer points of trading, letting the profits come to me, rather than the other way around. I appreciate the help everyone here has given in getting me focused on this principle. I'm pumped!…in a calm sort of way.

    Iflantheman

  • Wow, Phil, we pretty much made your levels. Your levels: Dow 7,404, S&P 775, Nas 1,466, NYSE 4,839 and RUT 402 My sceen is showing: Dow 7,404, S&P 777, Nas 1,462, NYSE 4,868 and RUT 404

    Jordan

  • Started my membership in mid-Oct and have since then learned so much about options by reading the site's articles and postings, members' chats and suggested trades – as a bonus, the articles are entertaining as well! Phil's long-term investing strategy makes really good sense as I've seen its effect on my GLW positions. Phil – thanks for sharing your knowledge of the market! I've worked as risk analyst for the investment dept of a $19B insurance company, and the scope and depth of your daily commentaries blows away what I have seen and heard from the PMs and even the chief investment officer! Most of all, I will continue to be a member because you have your priorities right (from my POV) – it's not all about money and power.

    Bai2r

  • I enjoy your informative materials, Phil... as it is obviously beneficial to so many "styles" of trading the markets... long term, swing or day trading the market moves. As a longer term trader, I really like you long term calls, as I for one recognize the difficulty of calling these, because the further out you go in time, projecting price movement becomes more difficult. I have to congratulate you for your accuracy... You called the March 2009 market upward reversal almost to the day, and the AAPL reversal to THE day. Only one who has been a student of the economy and the markets over a period of time could have done this, and so many other accurate calls. I'm sure it was difficult and consistent work, but it did pay off... thanks from one who benefited big time !

    1234Gel

  • Phil- I would like to echo the sentiments of dclark41. Joining this site was the best thing I have ever done to aid my growth as a trader/investor. There are so many smart and experienced people here sharing their ideas that regardless what your investing style is you will learn something daily. Thank you and all the regular contributors for your generosity.

    Acd54

  • Being a bear is easy (and I am not convinced we are doing all that well on the whole as an economy), but one cannot fight the trend (didn't Phil say that a while ago)? Just cover, make 5-10-15-20% and move on. It really does add up by chipping away. All I can say is I am back to 2007 levels in my account b'f the crash with this run up and some very nice help on this board….so kudos to us (and me!!)…

    Pharmboy

  • Phil, I followed your investing ideas in LTP quite closely. It seems your insightful fundamental analysis knowledge serves you v. well. I get entertained and they are profitable.

    Investwizard

  • SPY/Phil, I took a big swing on January 26th following your advice to another member and bought 1615 contracts of Mar 185/190 BCS on SPY that will expire ITM today paying $290,700 on the $500k bet. I thought it might be fun to see what a winning trade looks like. Great call on your part and looking back it seems pretty obvious.

    Sibe14 (premium)

  • I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears shed, and gnashing of dentures all over the world. Well. I have had several short DX contracts in the $78ish range during the last month and upon your two statements 1) don't be greedy, and 2) 76 could be a bottom, I yesterday put a buy GTC order to close my positions at 76 and for some inexplicable reason the DX spiked down after the close and now I can safely say that once again you have confirmed for me that you have been one of the best investment services I have yet to come across. Almost to the point that I'm beginning to think that maybe I'm completely wrong about my political stance as well. Almost. In any event, I wanted you to know that this has been my third execution based on your comments and recommendations that I have followed and this one has also worked to my advantage. My subscription fee has been more than justified for the next year and there's some left over to pay for my stay in Toronto this week, dinner at Joso's in the Yorkville section of town. If I smoked I'd have a Montecristo to salute you. Be well, stay well.

    Flipspiceland

  • Phil, thanks for the call on the SKF puts earlier, I'm riding that horsie downhill right now, giddyup!

    MrMocha

  • Way back did 20 of your suggested short BP Jan 11 26 P @ 4.3 now .85 — sold half. this am — paid for a years sub AGain!! thank you very much!

    Ban2

  • This is my first month here. Today was a money train with futures. I gained 7500 USD with KC, RB, CL, NG. I took RB almost every direction up and down. And I only used 1 contract or maximum 2. Thank you. I think it was a good investment to subscribe…

    Kgabor

  • Thanks for your thoughts against buying BP ahead of earnings (yesterdays' member comments). It announced a loss of $3.3b and is down 3% in pre-market but still just above the bottom of the chaneel of $40-$50.

    mSquare

  • Phil & Ephmen85: I hadn't thought about selling the covered calls. That should be the easiest strategy for me since I'm a beginner. Thanks a bunch!

    JWick1981

  • Phil Thank you very much, I appreciate your help and wisdom.

    CdsdpDean

  • I like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.

    jjennings

  • Phil, I don't know how I can thank you enough for your guidance this past week. I'm up significantly in my portfolio and I've never been so relaxed watching the market panic. Thanks once again for being here for us.

    thechaser

  • WISH TO EXTEND A BIG THANK YOU! I netted about $18,000 on the short Jan puts and the annualized ROI/M is mind boggling! Hope to meet you some day and buy you and your significant other a nice dinner. Best Regards Newt

    Newthugger

  • I have to thank you for excelling yourself during this past week. I have spent a good few hours going over your notes and comments and there are so many gems on repairing and rolling trades that I have been beavering away on paying special attention to my major positions and analysing them using your approach on Tuesday. Being able to look at a group of trades on the same underlying (in this case AAPL) and taking a detached view by assessing the impact of the underlying reaching different price points was extremely reassuring.

    Winston

  • Simply the best blogger with the greatest group of members a person could surround himself with on trading day. I've been trading for quite some time now and the insights & suggestions offered by Phil and the members keep me on a continuous learning cycle.

    DDay

  • Greetings Phil, I am an Economist at Harvard and some of my colleagues and I would like to let you know that we follow your posts on SA, and find your analysis refreshing, rigorous, and acute. Great work! Though many of us (including myself) have our work covered in the Wall St Journal, in many ways your macro commentary is more fearless and accurate than what is generally found in that venerable publication. Kind regards, Daniel

    Daniel

  • I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?

    Bill Hoffman

  • Phil- I want to let you know that you really helped me make some money this morning when I probably would have lost on my own. I was stuck in doctors waiting rooms most of the morning starting at 8AM. By following the game plan you laid out and using my smartphone, I went short on oil whenever we got to 61.50 and long at 61 waiting for the spikes ahead of inventory. When 10:30 rolled around I was out after selling longs at 61.60 a few minutes earlier. I went short at 61.75-61.80 and voila, rode it down to 60.60 or so. Thank you.

    craigsa620

  • On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.

    Iflantheman

  • I have been reading the "free" PSW for about a year and have always liked Phil's style as it closely resembled the way I like to trade (mostly naked put options). I have been a paid subscriber for about 5 weeks and I have been learning a lot from Phil and other members. I had made some money on Phil's "free" ideas in the past and I joined because one of Phil's futures ideas paid for my subscription within the same day (NG). Phil deserved my subscription and I was eager to learn more. I just did a quick tally and within the last 5 weeks the ideas that I chose to follow from Phil generated over 25K in options profits and 12K in futures profits (some of my trades were more conservative than what Phil's had suggested). I have a lot to learn, experience and confidence to gain. Thanks again Phil and Successful Trading to all.

    Verreaul

  • USO, QQQ- Phil, thanks for these plays. Out of USO for about 65% gain today and just keeping 1/4 QQQ.

    Ksone88

  • Phil, I'm up 34x what I paid in fees for your service, and that only counts the trades I didn't think of myself. Thanks!

    Barfinger

  • Phil/ et al- Thanks for the answers to my spread questions last night, as I really needed that little piece of knowledge to crystallize my understanding of spreads. Your help is much appreciated and I have been doing really well for the last couple of months with fewer and fewer missteps as I embrace the PSW ways and watching my portfolios grow.

    Craigsa620

Faltering Friday – Market Finally Pulls Back on Day 2,003

DJIA2,002 trading days.

That's how long this bull market has been going on.  That is also exactly how long the 1920s bull market lasted so today is the great Crashiversary of that historic event – happy Black Friday to you all!

There is, of course, no reason to expect a significant correction today – we are simply passing a milestone that makes this the longest bull rally in history (assuming we survive the day). Of course, like many pre-crash markets, the volume sucks:

"For decades rising volumes have preceded a rise in prices in the stock market. Likewise, declining volume leads to a decline in prices,"Michael Paulenoff of Pattern Analytics said.

"Right now volumes are 50% lower in the S&P than they were in the weeks leading up to the November election when the markets saw a streak of declines," he added.  "The VIX is all messed up, we are somewhere around 11 and 12 when we should be at 8." 

Using Fibonacci levels, a technical analysis tool used by traders 'to identify strategic places for transactions to be placed, target prices or stop losses,' Raymond James identified the resistance point for traders to exit the market the S&P 500 at around 2,335, right above the current level of 2,349.  

For me, I don't buy into that technical mumbo-jumbo.  I think the market is going to pull back simply because it's ridiculously overvalued and is not taking into account all the potential negatives that lie ahead including Trade Wars, Currency Wars and Rate Hikes – among the things most likely to happen before Q1 ends in 45 more days. At which time we will have to face the reality of Q1 earnings – the ones that are supposed to be flying higher to justify these ridiculous valuations.  

By the way, you are welcome on oil – down another $500 per contract on /CL Futures and that's $2,000 worth of winning oil plays alone that we've given you this week so don't tell me you can't afford to subscribe you cheap bastard!  More to the point – can you afford not to in this trading environment?  

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On Monday he ate through one Apple. But he was still hungry!

 

On Monday he ate through one Apple. But he was still hungry!

Courtesy of 

How about a round of applause for Warren Buffett!

He’s in his 80’s but still evolving his investment process, and keeping an open mind to the fact that things change in this world. Unless you know a lot of older people, it’s hard to understand how monumental his latest moves have been.

This week, we learned that Warren Buffett’s Berkshire Hathaway has become the fifth largest investor in Apple after a nearly lifelong aversion to technology stocks.

We also learned that he’s upped his stakes in four airline stocks – American Airlines, Delta Airlines, Southwest Airlines and United Continental Holdings. He is the largest or the second largest holder of each of the four. This after publicly despising the airline business for decades upon decades.

For longtime Buffett watchers, these new investments are not so much of a shock as they might appear to more casual observers. Because what Buffett loves more than anything in the world is paying a fair price for a business with huge barriers to entry. In the parlance of stockpickers, we call these moats (as in the defensive ring of water that surrounded the medieval castles of yore). A good moat means sustainable profit margins and a defensible business model that allows for an investment holding period of (hopefully) forever.

 

An illustration of Buffett’s love for moats (and disinterest in companies without them) can also be seen in another bit of news we learned from the Berkshire 13F filing this week – he’s almost completely slashed his position in Wal-Mart. Wal-Mart is being disrupted mightily right now for the first time in its history. The story of WMT was always about how good its logistics and efficiencies were. This allowed them to beat everyone on price.

But Amazon is pulling this vaunted advantage down brick by brick, with investments in infrastructure, shipping technology and physical distribution on a massive scale. They’re building their own trucking fleets, warehouses, distribution centers and even their own fleet of UPS-like planes. Wal-Mart is no longer the cheapest or the most efficient retailer in the country – just the one…
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PhilStockWorld.com Weekly Trading Webinar

 

PhilStockWorld.com Weekly Trading Webinar – 02-15-17

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here

Major Topics:

00:01:43 CL Trade
00:03:01 Checking on the Markets
00:06:22 Seeking Alpha Market News
00:08:21 Yahoo
00:12:43 RB Trades
00:19:13 5% Portfolio
00:22:04 UNG and LNG
00:28:27 NG
00:33:53 Active Trader
00:48:58 Checking on the Markets
00:52:50 Containers
00:55:00 LTP
00:56:47 Butterfly Portfolio
00:58:07 April Sales
00:59:54 PG Charts
01:04:54 Futures Trading Charts – Light Crude Oil
01:07:43 Futures Trading Charts – Gasoline
01:12:07 Active Trader
01:14:56 More Trade Ideas
01:17:01 Dollar
01:24:12 Oil & Gasoline Charts
01:26:56 AAPL Trade Ideas
01:42:07 SLW Charts
01:47:39 Active Trader
01:50:32 More Trade Ideas
01:52:24 YELP
01:58:47 AAPL
02:01:28 Active Trader

Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars, here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – join us at PSW — click here!

 





Thrilling Thursday – March Rate Hike Looms But Market Ignores Risk

How many ways can they tell you?  

Every Fed speaker this week has indicated that rates will be going up sooner than later and CPI and PPI coming in at DOUBLE expectations yesterday indicated the Fed is already behind the curve on raising rates and Yellen, yesterday and Tuesday said to Congress "if we do not raise rates we run the risk of causing a Recession" – seems pretty clear to me.  Still the markets are only pricing in a 41% chance of a hike at the March 15th meeting – beware the ides of March indeed!  

The Fed needs 3 hikes in 2017 and if not March, we're left with May 3rd, June 14th, July 26th, Sept 20th, Nov 1st and Dec 13th.  They won't want to raise two meetings in a row so, if not March, then May is a must and every other after that but May is a long time to wait when inflation is double your expectations on Feb 15th.  So, unless CPI and PPI have substantially calmed down over the next 30 days – expect a rate hike at the March meeting.

Another thing that's gotten ridiculously inflated is the S&P's Price to Book Value Ratio, now back over 3 for the first time since the catastrophic top of 2007.  Ah, good times…

The Book Value of equity is an accounting measure that is based on the historic cost principle, and reflects past issuances of equity, augmented by any profits or losses, and reduced by dividends and share buybacks.  Essentially, it's the price a buyer would be expected to pay for the company, as is, in a takeover or liquidation.  The Price of an equity is nothing more than speculation on the future value of the company so a PBV of 3 indicates you are paying 3 times more than the stocks are actually worth.  

Now, the average company is not going bankrupt, so it's normal to pay something for the operation of the company and your expected future income but 2-2.4 is a more normal PBV, not 3 – 3 is simply about 30% too expensive.  

Of course, President Trump promises to lower those nasty taxes but, as
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Clear the Smog

 

Clear the Smog

Courtesy of  and 

This post first appeared on BillMoyers.com.

Scott Pruitt is an alarming choice to lead the Environmental Protection Agency, yet the Republican majority in the Senate is pushing to confirm him later this week.

This is an agency, remember, that was created to protect our health, our children’s health and our environment from toxic products and pollution. President Richard Nixon, a Republican president, signed it into law.

Pruitt, currently the attorney general of Oklahoma, is on the side of the polluters. He shut down his state’s own environmental enforcement unit. He joined polluters at least 14 times to sue the EPA in order to weaken laws.

He’s a living, breathing, walking conflict of interest. The Intercept’s Sharon Lerner reported on his conflicts earlier this week. Some 15 companies with EPA enforcement actions against them in recent years have either donated directly to Pruitt, to his super PAC or to the Association of Attorneys General when he led it. Those companies include Koch Industries, Murray Energy, Peabody Coal and Monsanto.

Pruitt’s conflicts were so brazen that at the Senate hearing Democrats boycotted the vote to confirm him. Republicans, on whom polluters spend lavishly, pushed his nomination out of committee and onto the Senate floor, where it is to be voted on possibly as soon as Friday afternoon.

More evidence has surfaced that will show just where Pruitt’s loyalties lies: 3,000 emails between Pruitt and fossil fuel companies that could potentially reveal even more cozy ties with the energy industry. Some have been released already, like the letter to the EPA written by lawyers for one energy company which Pruitt then sent with his name on it to dispute the EPA’s methods for estimating methane emissions.

But the public interest group Center for Media and Democracy says Pruitt is withholding many more documents. For more than two years, the center has asked for these emails to be released. They are supposed to be public under Oklahoma’s open records rules. During the confirmation hearing, senators also…
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Zero Hedge

Gallup Finds Americans' Hostility To Russia Soared After Obama's 2012 Re-Election

Courtesy of ZeroHedge. View original post here.

Submitted by Eric Zuesse via The Strategic Culture Foundation,

The Gallup organization samples Americans’ approval-disapproval of Russia in February of each year, and the approval-figure for this year is only slightly more than half as high as it had been back in 2012...



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Phil's Favorites

Can Trump resist the power of behavioral science's dark side?

 

Can Trump resist the power of behavioral science's dark side?

Courtesy of Jon M Jachimowicz, Columbia University

More than two dozen governments, including the U.S., now have a team of behavioral scientists tasked with trying to improve bureaucratic efficiency to “nudge” their citizens toward what they deem to be higher levels of well-being.

A few recent examples include a push by the socialist French government to increase the numbers of organ donors, a conservative UK government plan to prevent (costly) missed doctor appointments, and efforts by the Obama White House to ...



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ValueWalk

The 2017 Dirty Dozen List Is Announced

By VWArticles. Originally published at ValueWalk.

NCOSE Names Mainstream Companies and Groups Facilitating Sexual Exploitation

Washington, DC – The National Center on Sexual Exploitation announced its 2017 Dirty Dozen List today, naming twelve major contributors to sexual exploitation. NCOSE also announced a victory regarding Verizon.

lannyboy89 / PixabayWhy the Dirty Dozen List is Important

“No corporation or organization should profit from or facilitate sexual exploitation,” said Dawn Hawkins, Executive Director of the National Center on Sexual Exploitation. “That’s why we started The Dirty Dozen List—an annual project that names ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

S&P 500 Is Already Trading at Wall Street's Year-end Forecast (Bloomberg)

The market bellwether has already reached the average year-end target of Wall Street analysts with a 5.5 percent gain since December, according to data compiled by Bloomberg.

French Economy Grows F...



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Kimble Charting Solutions

Wal-Mart; Bull Flag Breakout In Play?

Courtesy of Chris Kimble.

Retail stocks don’t have much to brag about over the past couple of years. Is this trend about to change, at least for Wal-Mart (WMT)?

Below looks at a chart of WMT over the past decade. As you can see, since the highs in early 2015, WMT has created a series of lower highs.

CLICK ON CHART TO ENLARGE

WMT has struggled to make upside headway inside of the falling channel highlighted above...



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Members' Corner

President Trump's Analyst?

Courtesy of Nattering Naybob.

Once again, not to be mistaken for Tuesday's With Morrie, it's time for Tuesdays With Trump...



Summary
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
  • Macro Demographic Impact; F...


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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Wednesday, 13 July 2016, 03:17:09 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: .."But, investors truly wonder if the moves are sustainable. As we have stressed, the valuation on Utilities looks stretched..."... RTT: No kidding!!



Date Found: Monday, 18 July 2016, 03:28:53 AM

Click for popup. Clear your browser cache if image is not showing.
Comment: Catherine Austin Fitts-The Debt Game Is Over youtu.be/feW-iDhkoiA



Date Found:...

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OpTrader

Swing trading portfolio - week of February 20th, 2017

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

How to Use, Trade, Store and Invest in Bitcoin Digital Assets - Step by Step, Part 1

By Reggie Middleton

(Originally published on Zero Hedge)

I will teach novices and experts alike how to fit Bitcoin into an investment portfolio safely and with the optimum risk-adjusted potential - along with step-by-step guides, instructions and tutorials.

This first part of the series starts with the basics, obtaining and managing your bitcoin.

What is Bitcoin?

First off, we need to know what Bitcoin is since most media pundits and even experienced financial types truly do not know. Bitcoin (capital "B") is a protocol driven network (very similar to that other popular protocol-based network, the Internet). This network is a blank tapestry upon which smart and creative actors can paint a cornucopia of applications (just like applicat...



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Mapping The Market

NSA May Be Withholding Intel from President Trump

By Jean Luc

These GOP guys were so worried about Hillary's email server and now we find out that we had something close to a Russian mole in the White House. In the meantime, Trump keeps on using his unsecured phone, had high level conversation in his resort in front of dinner guests! It's getting so bad that rumors are now circulating that the NSA is not sharing information with the WH:

NSA May Be Withholding Intel from President Trump

By 

….Our spies have had enough of these shady Russian connections—and they are starting to push back….In light of this, and out of worries about the White House’s ability to keep secrets, some of our spy agencies have begun withholding intelligence fro...



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Promotions

Phil's Stock World's Las Vegas Conference!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

Join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017            

Beginning Time:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has offered us rooms for $189 on Saturday night and $129 for Sunday night but rooms are limited at that price.

So, if you are planning on being in Vegas (Highly Recommended!), please sign up as soon as possible by sending...



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Biotech

The Medicines Company: Insider Buying

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

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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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FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


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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.

Market Shadows >>