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June 3rd, 2015 6:30 pm
Submitted by Tyler Durden.
In the wake of the violent protests, looting, and riots that shook Baltimore to its core and left parts of the city smoldering in late April, Benjamin Shayne — who had just sat down in his backyard to enjoy a radio broadcast of an Orioles game — inadvertently uncovered a secret FBI aerial surveillance program when he noticed a small plane circling overhead and asked Twitter if anyone could explain the aircraft’s low, circular flight pattern. As it turned out, one of Shayne’s followers had some answers:
June 3rd, 2015 4:40 pm
Courtesy of Declan.In a low key move, the Russell 2000 broke from its channel in a relative swing in favour of Small Caps and away from Tech and Large Caps. This is important development for bulls looking for a larger push outside of 2015 consolidations for range bound S&P, Dow, Nasdaq and Nasdaq 100. The S&P remains caught sub-2,120. Today's attempt to break this level was again rebuffed, but action in the Russell 2000 offers another opportunity for bulls to drive a breakout tomorrow. The Nasdaq finished pegged at 5,098 with...
June 3rd, 2015 3:53 pm
Financial Markets and Economy
Stocks are chill as bonds freak out. Can this go on? (Yahoo Finance)
Government bonds and currencies are the things most sensitive to such concerns about the immediate and future cost of loans and trading capital. The jumpiness in bonds and currencies is also probably made more extreme by reduced liquidity in those markets, a result of stricter bank capital rules and the heavy presence of central banks as buyers of fixed-income paper.
The puzzle now - as yet another Greek-bailout flashpoint approaches and a US employment report helps determine the Fed’s plans – is whether stocks can continue to simply absorb the other asset market’s emotional moves without getting getting caught up in them....
June 3rd, 2015 3:17 pm
Courtesy of Mish.
John Hussman just pinged me with this Trade Deficit Tweet in response to my post Second Quarter GDP Estimate Gets Lift from Reduced Imports.
@MishGEA ... except that current account "improvement" typically matches weak gross domestic investment. (Hey Mish!)
Mike "Mish" Shedlock
June 3rd, 2015 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
June 3rd, 2015 9:13 am
Courtesy of Chris Kimble.
It is easy to find talk these days about the Fed moving interest rates higher. Humbly I don’t know what Janet will do next. Could it be more important what billions of free thinking people do with bond positions they have at the cross roads below?
From a price perspective, the yield on the 10-year note looks to be at a pretty important price point right now in the chart below!
The yield on the 10-year note has remained inside of a falling channel the past two years. In February yield hit the bottom of a falling channel and the rally sinc...
June 3rd, 2015 12:00 am
Courtesy of Benzinga.Related BofA Asks: What Can Move Airline Stocks Higher? Benzinga's Top #PreMarket Losers Opportunities Ahead For American Airlines (Seeking Alpha)
Analysts at Bank of America downgraded American Airlines Group Inc (NASDAQ: AAL) from Buy to Neutral.
The price target for American Airlines Group has been lowered from $64.00 t...
June 1st, 2015 5:06 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Here's an update on a stock that Pharmboy is well familiar with, PLX. Pharmboy provided his thoughts for this article which was published by Lowenthal Capital Partners, and which I contributed to them. One reader asked the question: While PLX has sufficient cash for another year's operation, it needs to conserve resources and will likely need to raise money in the future. Would you care to venture a guess as to when you believe they will raise money (and what type vehicle they will use)?
Pharmboy's response: They will sell stock, and my guess is in 4Q15. I agree--selling stock is probably on the horizon sooner rather than later. Let's hope they get the stock moving higher before then. ~ Ilene
May 31st, 2015 11:49 pm
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 ...
May 26th, 2015 3:39 pm
Courtesy of Sabrient Systems and Gradient Analytics
Early last week, stocks broke out, with the S&P 500 setting a new high with blue skies overhead. But then the market basically flat-lined for the rest of the week as bulls just couldn’t gather the fuel and conviction to take prices higher. In fact, the technical picture now has turned a bit defensive, at least for the short term, thus joining what has been a neutral-to-defensive tilt to our fundamentals-based Outlook rankings.
In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the t...
May 11th, 2015 7:57 pm
Nasdaq's bitcoin plan will provide a real test of bitcoin hype
Bitcoin, the virtual digital currency, has been called the future of banking, a dangerous fad, and almost everything in between, but we're finally about to get some solid data to help settle the debate.
On Monday, the Nasdaq (NDAQ) stock exchange said it would ...
May 3rd, 2015 5:11 pm
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.
March 28th, 2015 7:45 am
Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene
The replay is now available on BNN's website. For the three part series, click on the links below.Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...
May 22nd, 2014 5:03 pm
"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 email@example.com 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!
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...