Posts Tagged ‘EWG’

WTF Friday – Japan’s 80 TRILLION Yen Stimulus Dresses the Windows

She knows how hard her heart grows under the nuclear shadows

She can't just escape the feeling repeating in her head

When after all the urges some kind of truth emerges

We felt the deadly surges discovering Japan – Graham Parker 

Happy Halloween!

The shorts are certainly getting a scare this morning as the BOJ hands out another $124Bn (yes, we did the relative math in this morning's Alert to our Members) and that was more than enough to pop the Nikkei 5% in 90 minutes, with the /NKD Futures now testing 16,850 – almost catching up to the Dow for the 3rd time in 2 years.  

Unfortunately, each time the Nikkei has matched up with the Dow's gains, it's marked and overbought top and led to a sell-off so we were forced to officially reverse our long call on Russell Futures (/TF) from yesterday morning's post and flip short at 1,169 (with tight stops over 1,170).  That's OK though because a move from 1,132.50 to 1,169 on /TF is a profit of $3,650 per contract – not bad for a day's work, right?  

See, I told you we could pay for your trip to our Las Vegas Live Seminar next week with a Futures trade!  

Not that we advocate holding Futures positions overnight – it could just have easily gone the other way.  That's what Wednesday's TNA spread was for – the longer-term long position on the Russell, which will pop TNA well over our $80 goal this morning – that trade has a 316% profit potential in less than a month! 

Notice how we're popping out of the channel.  It would be one thing if we were doing it based on US earnings but doing on Japanese…
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Friday Follies – Will Today be the 13th Day Below S&P 2,000?

SPY 5 MINUTE12 failures so far.

12 trading days since the S&P first hit 2,000 (Aug 25th) in which we have failed to hold 2,000 for a full day.  Not one and, unless the Futures pop 10 points before we open, not today either.  On 10 of those days, we've had a late-day run-up on low volume that popped us over 2,000 and on 7 of those days, 2,000 held at the close but EVERY SINGLE DAY – it also failed to hold.  

Let's not forget that, during this time, we've had TRILLIONS of Dollars of additional stimulus pledged by Carney, Draghi, Kuroda and other minor Central Banksters and Yellen has certainly been as doveish as she could by (while still tapering our existing Trillion Dollar stimulus).  This is how our market behaves WITH Trillions of Dollars of cash being pumped into the Global economy – I wonder what will happen when it stops?  

Of course, maybe it won't stop but, if it doesn't, this chart will look even uglier.  This is a chart of our projected net annual interest payments on our debt in 10 years.  That's $880 BILLION Dollars each year, just in interest payments, up $650Bn from the $233Bn we are spending now.  

That's WITHOUT additional stimulus so I guess we can go for a bit more and make it an even Trillion, right?  These are what we used to call CONSEQENCES – back when we used to care about such things.  The US is not the leader in debt issuance, not by a long shot.  Japan is 150% more in debt than we are and China has now doubled our debt to GDP ratio, after having been a creditor back in 2007 but now the undisputed king of stimulus spending.    

EWG WEEKLYEurope is also a mess.  As I said to our Members in an early-morning Alert:  Another thing the US Media is purposely ignoring is the 12.5% correction in Europe (example on Germany chart) since July that, so far, has bounced weakly (4-point drop on EWG has weak bounce at 28.8 and strong at 29.6) – failing exactly
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Money, Power and Wall Street

Have you seen this?  

 

Frontline did this very good documentary and I'd file it under "those who forget the past are CONDEMNED to repeat it" – let's all TRY not to repeat the mistakes of 2008…   "Wall Street got bailed out and Main Street didn't" is the quote that neatly sums up the present situation.  Wall Street and the top 10% of this country – of this World – are partying like it's 1999 while the bottom 90% continue to languish in the worst Recession since the Great Depression.  

Click to View

Despite a myriad of worrying data, the Corporate Media is in full-blown promotional mode – pushing stocks as if it were modern snake oil – the panacea that will cure all your ills.  We often forget that essentially ALL of our news sources are publicly traded companies and have a vested interest in the stock market going higher.  Hell, we have an interest in that too, as our longer-term virtual porfolios are entirely bullish - but that shouldn't preclude us from making a realistic assessment of the CURRENT situation, should it?  

Caterpillar, 3M, United Technologies and ABB are among the manufacturers that have reported weak performances in China in the first quarter as economic growth has slowed nearly to a three-year low.  Caterpillar’s sales in China fell between $250 million and $300 million in the first quarter, pushing the company, the world’s largest maker of earth-moving equipment, to export to other countries a large share of the equipment it made in China.  

Concerns about China overshadowed better-than-expected earnings at the company, which is based in Peoria, Illinois, and led investors to push the stock down 5 percent Wednesday, which was great for us as CAT was on our Long Put List.

ABB, a maker of power equipment, reported profits in the past week that were below analysts’ expectations, caused by weak Chinese demand. “It was a very slow start to the year for China. China in January was extremely weak,” ABB’s chief financial officer, Michel Demaré, said Wednesday.

Our business in China is off to a slow start,” said Gregory J. Hayes, the chief financial
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Will We Hold It Wednesday – Weak Bounces and Beige Books

Are you buying the dips?

We're not yet.  Notice that we've now blown 4 of our 5 Must Hold lines (the Dow never did make theirs, which kept us bearish in the first place) and, technically, the S&P failed to hold 1,360 as well but close enough to avoid panic so far.  

Falling from 1,420 to 1,360 is 60 points so we'll be looking for a weak bounce (20% retracement) to 1,372 and a strong bounce (40%) past 1,384 would get us back in a buying mood but let's not count those chickens before they're hatched. 

France and Germany are bouncing 1.5% this morning as the Euro stages a recovery back to that critical $1.31 line and the UK is up 0.77% (7:40) with the Pound back at $1.59.  We noted in Member Chat that this seems like SNB buying to support that 1.20 line on EUR/CHF as we;re certainly not getting a move back up in copper ($3.65), Natural gas ($2.04) or gasoline ($3.24) that we'd expect if we had any additional stimulus or some sort of positive economic data.  Even gold is down this morning ($1,659) so I do not have a lot of faith in this early-morning market movement so far.  

Clearly we're not going to get excited about anything until our indexes can at least take back those 50 dma's (red lines) and the Dollar holding it's line at 79.60 is also bad news for the bulls.  To keep that 1.5% gain in perspective, it's 88 points – back to 6,695 and we're down from 7,150 so "only" 5 more 1.5% up days to go and Germany is back on top.  

SPY DAILYThis is always the tricky part about retracements – it's not so much what you get on the bounce (not even 20% on the DAX), but is the bounce going to be sustainable to get you to 6,850, which is the 20 dma (3% higher than we are now) and then to 7,000, which is the falling 50 dma – 5% over the current mark?  

Keep in mind that the longer it takes to retake the 50 dma, the more it curves down and then you are running into a declining 50 dma, which has a much better chance of rejecting you – especially as you are running out of gas after having to climb 5% just to get there.…
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Thursday Fix – Victory In Our Time!

You ask, What is our aim? I can answer with one word: Victory—victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory there is no survival. – Winston Churchill 

I do HAVE to say "I told you so!"  

When I was interviewed on Monday and they asked why I’m bullish, I replied that "stimulus trumps everything" and that’s what we’ve been playing for, especially in our new White Christmas Portfolio, which will be off to a rockin’ start with the aggressive upside trades that I not only mentioned in yesterday’s post - which made easy fills yesterday morning, as the markets shook out the last of the weak hands on yet another rumor-driven dip.  

We got our daily double on the AGQ calls, as expected and SSO fell all the way to $44.20 (150% profit on that trade if they finish Friday above $45) while FAS dropped $13.35 and that spread will be good for a 2,100% gain if FAS can get back to and hold $14 – which should be a snap thanks to our friends at the EU.  

In the morning Alert to Members, I put up this cute little Gif to illustrate the day’s action and it was a real roller-coaster day but we stayed generally bullish, taking quick profits off our morning bear plays on DIA and USO.  We added a bullish trade ideas for AMZN (complex spread), TNA (short Nov $40 puts at $3.60) but that was it for the day because my comment to Members at 11:01 was: "Dollar rejected at 76.80 – still hope for the bulls!"  

Well, those bulls were us and we already had our bets in place from last week, when things were cheaper so there was nothing to do but watch as the markets took off like a rocket from that point forward.  Heck, we were so bullish we even sold NFLX puts (Nov $67.50 puts for $3) as a bullish offset to a DXD hedge (which we’ll pull the bottom of today).   On Monday we had picked up bullish trades on AAPL and GLW and I mentioned EWG in Friday’s post (those should be looking good this morning!) as well as our plays to go long in the Russell Futures at…
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Friday Market Follies – Following Murdoch’s Money

A statement was issued by Merkel and Sarkozy yesterday

As translated by the Financial Times, it read:  

The President and German Chancellor spoke today by telephone to prepare the European dates in the coming days.

The President and the Chancellor have agreed to provide a comprehensive and ambitious global response to the current crisis in the euro area.

This response will include the following:

- The operational implementation of new forms of intervention EFSF.
- A plan to strengthen the capital of European banks.
- The implementation of the economic governance of the euro area and the strengthening of economic integration.

For a lasting solution to the situation in Greece, the Greek authorities will have to make ambitious commitments to address the situation of their economies as part of a new program. Based on the report of the troika and the analysis of debt sustainability Greece, France and Germany call for immediately undertake negotiations with the private sector to reach an agreement for strengthening sustainability.

The President and the Chancellor will meet Saturday night in Brussels ahead of the European Council summit in the euro area on Sunday. France and Germany have agreed that all elements of this ambitious and comprehensive response will be discussed in depth at the summit on Sunday in order to be finally adopted by the Heads of State and Government at a second meeting no later than Wednesday.”

As I said to our Members in Chat (we went bullish on the news, of course) – could they possibly be more clear in their statement?  Well, apparently they should have been because the interpretation of this statement, as headlined in the WSJ, was as follows:  

Disagreement between Germany and France over virtually every point in a plan to resolve the euro-zone debt crisis forced Merkel and Sarkozy to concede that a summit of EU leaders Sunday won’t produce an agreement.

And that’s what moved the markets yesterday.  Fortunately, we have learned to ignore almost everything printed in the Wall Street Journal or any other Murdoch-owned publication and, of course, it goes without saying that if any news is being broadcast on Fox, there’s probably another side to the story that is true.   

Still, the Wall Street Journal manages to have not squandered all of the…
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Which Way Wednesday: Durable Goods and The Bernank

SPY DAILY Strap in for another wild one!  

We fixed our targets yesterday morning, in the main post, at Dow 11,300, S&P 1,200, Nas 2,575, NYSE 7,100 and Russell 685 and, at 10:46 in Member Chat, my comment was: "Past 10:30 without breaking 10,300 and the Dollar over 78.20 so over 78.25 is a good reason to tap the DXD hedge or grab the DIA FRIDAY $111 puts, now .98 so let’s watch that VERY CAREFULLY although it could just be a bit of profit taking into the EU close with the DAX up 12% since Friday morning. A pullback to 10% (from the DAX 5,000 bottom) is very much expected here and EWG naked calls can come off the table for now until they prove they can break $20."

We ended up holding that 10,300 line through the afternoon but we finally broke down at 3:07 and we stuck to the plan but my adjustment on the trade idea for Members in chat was: "Game on for the DIA puts but now we can pick up the $112 puts for $1.10 – 10 in the $25KP with a stop at .90 in case we dive into the close."

Those puts came off the table at $1.65 into the close, up 43% in less than an hour and even the original idea of the $111 puts topped out at $1.40 for a nice 43% gain on the day (but those took 6 hours, so not as good an annualized rate of return!).  As I noted to Members in this morning’s Alert – these are the kinds of quick adjustments we can make to re-balance our portfolios on the fly in a choppy market.  

We don’t want to let ourselves be chased in and out of short-term positions by these silly market fluctuations so we make quick adjustments with even shorter-term momentum plays that help us ride out these little moves.  As I said to our Members during the afternoon drop "I’m not changing my stance because Meredith Whitney told me to."  That was at 3:48 when people were asking if we should panic out of our bullish positions on FAS and other trades.  At 3:29 I had already pointed out:  "Also Whitney was no help – same BS as usual when they want to halt a rally. Next we hear from Roubini, Gross and El-Erian."

That
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Whipsaw Wednesday – What Us Worry?

That was easy!

Only 3 days of panic and we're back to manic already – I'd say that was a record but our last panic only lasted two days, on August 18th and 19th, when we dropped 600 points before bouncing back 800 points the next week so this last 3-day, 600-point drop was gentle by comparison.  That, of course, did not stop the usual round of Doomcasters from declaring the end of the World (especially the European section) as we know it but that was all so yesterday morning and now it's 24 hours later and the Dow is up 300 from that bottom in the pre-markets.  

Pre-market yesterday we were bullish but cautious, going long on Dow (/YM) futures at 11,000 (now 11,227 – up $1,135 per contract) and Russell (/TF) Futures at 666 (now 688, up $2,200 per contract) and our bullish EWG spread from the morning post should be going gangbusters already as the DAX pops 3% this morning! 

We also laid out new hedge ideas on EDZ and GLD but the point of those was, wisely, to take the money and run on our old hedges as they bottomed out in the morning (max profit), trading in our well-ridden horses for fresh ones that have more time to expiration and lower deltas to snap back on a bounce is all part of our range-trading strategy – we may need those hedges again, just not now….  

By the time the market opened, things looked too good not to play bullish and we ended up picking 19 bullish plays in yesterday's Member Chat with not one bearish one.  My comment to Members in the 9:44 Alert, where we took a very aggressive upside play on the Dow was: "Damn, and I said I wasn’t going to get too bullish. Oh well, what can you do?"  As I have been pointing out in our Range Trading posts – sometimes you just have to go with the flow

Just 18 minutes later, I put up 6 long-term trade ideas on CAT, DIS, HOV, JPM, SKX and T as we took advantage of low prices, a probable bottom and a high VIX.  The nice thing about our buy/writes is that they have a built-in 20%…
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Wednesday Wheeee – Our W’s Are Shaping Up Nicely!

Wheeeeeeeeeeee! 

Here we go again.  We made it through our "Testy Tuesday" and, as you can see from our Big Chart, we hit our goals with 4 of our 5 indexes coming right up to their resistance lines – not bad for support lines we first drew in April of 2009!  

As I often say: I am neither Bullish nor Bearish – just Rangeish.  Rangeish has been the winning play for us for quite a while.  I was on TV August 2nd, where I laid out our plan for the month (20% drop) and we were VERY HAPPY to do our bottom fishing at those -10% lines for the last few weeks and now we are back in a zone of relative uncertainty where we must hold our Must Hold lines.

On Friday, the 19th, we were confident enough in our bottom call (I led the post off with: "We are now officially getting silly" as the futures tanked that morning) that we shorted EWG puts in the morning post and shorted the VIX at $42.50 with a VXX spread that’s already up 1,433% but well on track to double that.   

Also in that morning post (and this is just the free stuff!) I put up a bullish trade idea on XOM at $70 that is obviously doing very well (XOM $74 yesterday) as well as calling for longs on the Futures at Russell (/TF) at 650, Nasdaq (/NQ) at 2,050 and Oil (/CL) at $80.  If you didn’t play those bullish, don’t look now because you might cry…  

Once the market opened that day, we added an aggressive play on HPQ in our $25,000 virtual portfolio, buying 20 Sept $26 calls for .60 (now .93, up 55%) and paying for them by selling 5 Sept $23 puts for $1.57 (now .20, up 87%).  That trade was net $415 and is currently worth $1,760 – up 324% in two weeks.  

We are able to do that when we take advantage of the very high VIX (which we expected to go down) as well as taking specific advantage of HPQ coming off disappointing earnings but it’s not the charts — it can NEVER be the charts that tell you to buy a stock that is plummeting – it’s FUNDAMENTALS!  

We also picked up TIE that afternoon and an aggressive upside play on the Russell…
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TGIF – Are We There Yet?

EWG WEEKLY Where is the bottom?  

We are now officially getting silly, with Germany falling another 3% this morning, now down close to 30% in less than a month (see David Fry’s chart) with the banking sector off 50% and more.  To keep that in perspective, the S&P is down less than 20% and even our super-lame Transports (which go down with oil for some reason) are down "just" 24%.  So – do we have another 10% (at least) left to fall or is it kind of ridiculous that AAA-rated Germany, with arguably the World’s strongest economy, should drop 30% in 30 days?  

It looks like EWG is going to open around $19.50 this morning and you should be able to sell the Sept $19 puts for $1+ or the Jan $17 puts for $1.25+, giving Germany another 16% buffer before you have to give that $1.25 back at net $15.75, which is back at the non-spike lows of the crash.  

The VIX spiked up to $42.50 yesterday, that’s higher than it was in April’s sell off and that made an excellent short at the time.  You can sell VXX Sept $45 calls for $3.25 and buy the $45/40 bear put spread for $3.40 for net .15 on the $5 spread.  If the VIX and VXX do move higher, a 2x roll to the Sept $55s (now $1.60) is about even or the Dec $62 calls are currently $3.10 so it would take a pretty major, sustained move up in volatility for the short puts to really hurt.  

Here we are, back at our March lows for the Nikkei and 15% BELOW the March lows for the DAX and 10% below the March lows for the S&P.  REALLY?  Were we too optimistic in March by 15%?  We just had earnings reports and the numbers were generally fine – it’s the outlook that got gloomy, due to all the economic uncertainty.  That’s what happens when your Congress is a bunch of buffoons who are willing to sacrifice the Nation and it’s Citizens in order to improve their political posture

Other than the imaginary problems of debt (it’s been worse) and austerity (a poor solution to address the debt non-issue) and the real problem of the deficit (easily fixable by collecting taxes and cutting military spending) and a slightly slowing economy (caused by the idiotic austerity measures),…
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Zero Hedge

Brexit Day Arrives: Why One Trader Thinks It Will Lead To A "Hefty Rally" In Sterling

Courtesy of ZeroHedge. View original post here.

With Theresa May's signed Brexit exit letter due to be delivered in just over an hour to Europe, "severe risks to the U.K. economy litter the path ahead" but as Bloomberg's Mark Cudmore writes overnight "this isn’t the time to trade on them." Instead the former FX traders lookat flows, and specifically the record speculative sterling shorts, and notes that "at some point, these positions have to be unwound" adding that "after Brexit is officially triggered, there are no other concrete dates on the horizon for bad news, so many shorts will be closed." ...



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ValueWalk

Understanding the Debate Over Math Standards

By insidesources. Originally published at ValueWalk.

Math standards and Common core

Equity versus excellence, conceptual understanding versus procedural expertise, and classroom experience versus ivory-tower pedigree. When it comes to math instruction, opposing camps of experts dispute the correct set of priorities to emphasize among the above when directing how math is taught in K-12 classrooms.

Recently, the debate over math instruction has been mistakenly rolled into the debate over the Common Core and other state math standards. These standards are a set of academic targets. Their stated purpose is to create a roadmap for what students need to know in which grades to become college and career ready. Backers of the standards say they were intentionally written to be flexible—so states, districts, and educators wedded to different teaching styles coul...



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Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

US consumer confidence explodes to the highest level since 2000 (Business Insider)

US consumer confidence spiked to a 16-year high in March, according to the Conference Board's monthly survey. 

Traders betting against Wall Street's favorite Trump trade are making a killing (Business Insider)

The biggest beneficiaries of the so-called Trump rally are giving up some of the gains they made after the election.

...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

US consumer confidence explodes to the highest level since 2000 (Business Insider)

US consumer confidence spiked to a 16-year high in March, according to the Conference Board's monthly survey. 

Traders betting against Wall Street's favorite Trump trade are making a killing (Business Insider)

The biggest beneficiaries of the so-called Trump rally are giving up some of the gains they made after the election.

...



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Chart School

Rallies Come Through

Courtesy of Declan.

Bulls were able to deliver across the board gains, helping to position yesterday's action as a swing low. Weakness at this point would offer itself as a buying opportunity, but markets wouldn't tolerate more than a couple of days of losses if they were to go down this route.

The S&P is at resistance of the prior swing low and the 20-day MA, but today's action is looking good for an upside break tomorrow? Technicals are firmly in the red and need more than today's gain to fix them.



The Nasdaq did today...

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Kimble Charting Solutions

Silver bear market could end here!

Courtesy of Chris Kimble.

Below looks at the performance of Silver, Gold and the S&P 500 year to date. Metals and miners are off to a good start in 2017. Even though the stock market has received a good deal of attention this year, metals have done even better. Is the performance in 2017 the start of something even bigger for Silver & Gold?

CLICK ON CHART TO ENLARGE

It’s been a long time since buy and holders have experienced a bull market in Silver. How long has it been? Silver has created a series of lower highs since 2011. The trend ...



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OpTrader

Swing trading portfolio - week of March 27th, 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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Members' Corner

More Natterings

Courtesy of The Nattering Naybob

[Click on the titles for the full articles.]

A Quick $20 Trick?

Summary

Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:

  • Last time out, Sinbad The Sailor, QuickLogic.
  • GlobalFoundries, Jha, Smartron and cricket.
  • Quick money, fungible, demographics, QUIK focus.

Last Time Out

Monetary policy is just one form of policy that effects capital,...



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Digital Currencies

Bitcoin Tumbles Below Gold As China Tightens Regulations

Courtesy of Zero Hedge

Having rebounded rapidly from the ETF-decision disappointment, Bitcoin suffered another major setback overnight as Chinese regulators are circulating new guidelines that, if enacted, would require exchanges to verify the identity of clients and adhere to banking regulations.

A New York startup called Chainalysis estimated that roughly $2 billion of bitcoin moved out of China in 2016.

As The Wall Street Journal reports, the move to regulate bitcoin exchanges brings assurance that Chinese authorities will tolerate some level of trading, after months of uncertainty. A draft of the guidelines also indicates th...



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Mapping The Market

Congress begins rolling back Obama's broadband privacy rules

Courtesy of Jean Luc

I am trying to remember who on this board said that people wanted to Trump because they want their freedom back. Well….

Congress begins rolling back Obama's broadband privacy rules

By Daniel Cooper, Endgadget

ISPs will soon be able to sell your most private data without your consent.

As expected, Republicans in Congress have begun the process of rolling back the FCC's broadband privacy rules which prevent excessive surveillance. Arizona Republican Jeff Flake introduced a resolution to scrub the rules, using Congress' powers to invalidate recently-approved federal regulations. Reuters reports that the move has broad support, with 34 other names throwing their weight behind the res...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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...

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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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