Posts Tagged ‘International’

The 15 Must-See Charts That Explain The Global Economy

Morgan Stanley: The 15 Must-See Charts That Explain The Global Economy

Courtesy of Vince Veneziani at Clusterstock/Business Insider 

Google Earth moneybag

Morgan Stanley just released a research report that painstakingly details the current state of our global economy.

Inside the 88-page report is a section called "Charts You Can’t Miss." It’s broken down in the following order of countries: Global economy, Europe, Asia (excluding Japan), and Japan. These charts focus on the underlying issues that truly affect our economy.

Credit spreads are at their highest levels ever post-Lehman and Germany’s industrial production is falling. Clearly there’s cause for concern.

If you’ve ever wanted a quick, comprehensive breakdown of the global marketplace, here’s your chance.

Check out these can’t miss charts >

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Tsunami Fears In Hawaii Following Massive Earthquake In Chile

Tsunami Fears In Hawaii Following Massive Earthquake In Chile

Courtesy of Business Insider 

ocean waves tbi

(AP) A tsunami warning was in effect for Hawaii Saturday following a massive earthquake that struck central Chile.

The Pacific Tsunami Warning Center also issued a tsunami advisory for the coast of California and an Alaskan coastal area from Kodiak to Attu islands.

The first waves were expected to arrive in Hawaii at 11:19 a.m. Saturday (4:19 p.m. EST).

The center said a tsunami has been generated that could cause damage along coastlines of all islands in the Hawaii. It said a tsunami in California and Alaska was possible.

The Ewa Beach, Hawaii-based center called for "urgent action to protect lives and property" in Hawaii, which is among 53 nations and territories subject to tsunami warnings.

"The main thing is we want everyone to take this event seriously," said Charles McCreery, director of the center. 

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Chile Struck By Massive 8.8 Magnitude Quake

Courtesy of Vincent Fernando at Clusterstock/Business Insider


Chile was struck by an enormous 8.8 magnitude quake Saturday, which was luckily 200 miles from Santiago.

Still, tsunami warnings have been issued on the coast:


A tsunami warning was issued for Chile and Peru by the Pacific Tsunami Warning Center, and a tsunami watch was issued for Ecuador, Colombia, Panama, Costa Rica and Antarctica.

Soon after, the U.S. Geological Survey said the quake had generated a tsunami that may have been destructive along the Chilean coast near the epicenter. The USGS said the earthquake struck 56 miles northeast of the city of Concepcion at a depth of 34 miles at 3:34 a.m./1:34 EST.

Its magnitude was initially reported at 8.3 then 8.5. An earthquake of magnitude 8 or over is classified as a "great" earthquake that can cause "tremendous damage," according to the USGS website.

The earthquake that devastated Haiti’s capital Port-au-Prince on January 12 was rated at magnitude 7.0.

Read more here > 

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Scott Brown Is The Reason We’re On An Export Collision Course With China

Scott Brown Is The Reason We’re On An Export Collision Course With China

scott brown, tbiBy Andy Xie, courtesy of Clusterstock

From Caing

U.S. President Barack Obama dramatically altered policy direction during his first State of the Union address by announcing plans to focus fully on creating jobs while doubling exports in five years. This could put the United States on a collision course with China’s export strategy. And a head-on crash, possibly centered on China’s foreign exchange rate policy, might occur before America’s mid-term elections in November.

No one wants confrontation, especially at such a critical time for global trade, the world’s recovering economy and China’s property market. But a changing political mood is steering Washington into Beijing’s lane. China can respond by turning the wheel before it’s too late.

The trigger for Obama’s policy turnaround was the defeat of the Democratic Party in the Massachusetts election for a U.S. Senate seat left vacant when Ted Kennedy died.

Read the full article at Caing --> 

See Also:

The US Fiscal Problem Is A Ticking Timebomb, And Obama Lacks The Political Capital To Deal With It

The Entire World Is Screwed Without A US Recovery

China’s Mercantilist Policies Are Screwing Us Out Of 1.4 Million U.S. Jobs 

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Confirmed: US Officials Say Terrorists Who May Have US Passports Are Plotting Another Attack Against US

Confirmed: US Officials Say Terrorists Who May Have US Passports Are Plotting Another Attack Against US

Courtesy of John Carney at Clusterstock/The Business Insider

gulf aden yemen middleeast saudiCredible intelligence has emerged that the branch of Al Qaeda Yemen is plotting another attack against the United States and U.S. interests abroad.

A senior U.S. counterterrorism official confirmed the terror plot to a number of news outlets, including the Daily News and Fox News.

The intelligence doesn’t provides specifics about time, place or method of attack. But officials are taking the threat seriously. The Yemeni group is said to have been emboldened by the Christmas Day attack.

"Our concerns have intensified," the official told The News.

Frighteningly, Fox reports that some of the suspected terrorists may have US passports.

From Fox:

Al Qaeda in Yemen and the Al Qaeda affiliate in Somalia, known as Al Shabaab — translated as Mujahadeen Youth — are described as having "shared interests and shared goals."

U.S. counterterrorism officials say clear connections now can be traced between the two terrorist groups and they are not ruling out the possibility that they are working together to attack U.S. interests.

U.S. officials also remain concerned about two dozen Somali Americans who disappeared into the Al Shabaab training camps in Somalia in the last 18 months. Their American passports would allow them to reenter the United States.


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OPEC Has Way Too Much Oil For 2010

OPEC Has Way Too Much Oil For 2010

Courtesy of Vincent Fernando at Clusterstock/The Business Insider

According the Energy Information Administration’s (EIA) latest energy outlook, while world energy consumption is expected to grow in 2010, it will only be adding 1.1 million barrels of consumption and will remain below its past peak consumption.


This tepid demand growth will butt against production increases for many non-OPEC oil producers, which means that OPEC will be under substantial pressure to limit its output, and obviously will.

Yet this will require massive discipline for the member nations given that OPEC’s surplus crude oil production capacity will actually rise in 2010, after a huge increase in surplus capacity during 2009. 2010 will see the worst OPEC overcapacity situation since 2002, as shown below.

EIA: Through the forecast period, OPEC surplus crude oil production capacity should remain in excess of 4 million bbl/d, versus an average of 2.8 million bbl/d seen over the 1998-2008 period.


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Iran Says It’s Ditching The Dollar Completely

But not to worry, it will hardly be noticed. – Ilene

Iran Says It’s Ditching The Dollar Completely

Courtesy of Joe Weisenthal at Clusterstock’s Green Sheet

Second-rate petrol state and paper tiger Iran is ditching the dollar.

According to the Tehran Times, the country announced that it plans to hold no dollars as part of its forex reserves, and that all of its oil transactions shall take place in other currencies.

Should you be trembling? No.

The TPOI (Trade Promotion Organization Of Iran) has also announced that since October 2007 Iran has sold 85 percent of its oil exports in currencies other than the U.S. dollar and is determined to sell the remaining 15 percent in other currencies such as the UAE dirham.

Ok, so this was mainly the case already, and now they’ll do marginally less business in dollars.



See Also:

Is Obama’s Iran Policy Just Bush 2.0?

Iran Test-Fires Two Missiles

Raw Footage Of Iran’s Riots (NSFW)


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Sorry, There’s No Way Oil Runs Back To $150

Sorry, There’s No Way Oil Runs Back To $150

oil burning tbiCourtesy of Lawrence Delevingne at Clusterstock

We found another oil bear, but this one’s not quite as extreme as Robert Prechter (who thinks oil will crash to $10).

Edward Morseis, Managing Director of Louis Capital Markets and an ex-State Department energy official, argues in the upcoming issue of Foreign Affairs that oil prices won’t shoot back to the moon, as key producers boost production and capacity:

 …Last year’s high prices and the recession have severely damped demand, and the growth of new production capacity, especially in Saudi Arabia, is buoying supplies.

The rapid fall and then rebound in oil prices over the past year surprised many people. But it was not unusual: commodities markets are cyclical by nature and have a history punctuated by sudden turning points. Although this generally makes it difficult to forecast prices, it is safe to say that commodities markets will remain lower over the next few years than they have been over the past five. In the oil industry, the most important new factor that accounts for low prices is the return of surplus production capacity among the members of the Organization of the Petroleum Exporting Countries for the first time since 2002–3.


Later on, Moresis astutely points out it’s not in OPEC’s interest to spike oil. "[Saudi Arabia] will likely use its surplus capacity to keep prices moderate in order to spur global economic growth, maintain long-term demand for oil, and deter investments in alternative sources of energy."

Low oil prices is great news, so long as the administration remains focused on its alternative energy plans. Foreign Affairs suggests cheap oil presents an opportunity "to make energy markets less volatile and strike arrangements with producing countries that will better serve the United States’ long-term interests."

If we pull a redux of the 80′s though, and forget about the energy problem, lower oil prices could actually be our enemy.

Robert PrechterSee Also:

Prechter: Oil Will Crash To $10 A Barrel




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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...

more from Kimble C.S.


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. 


more from M.T.M.

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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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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