View Single Comment
See our disclaimer here.
See our disclaimer here.
May 18th, 2013 12:00 am
Courtesy of Benzinga.
Futures Slightly Lower on Mixed European Data
U.S. equity futures traded slightly lower in early pre-market trade following mixed economic data out of the eurozone. The moves follow basically flat trading on Wall Street from Monday after futures rallied into the open following weaker than expected Chinese data.
In other news around the markets:
May 17th, 2013 10:35 pm
Courtesy of Doug Short.
Here's the latest weekend update from Serge Perreault, a Chartered Professional Accountant and market technician located near Montreal, Canada. Serge has been following the U.S. market in a series of weekly charts. Here is his update on the S&P 500.
The S&P 500 continued its ascension, on 0.3% below-average volume and on mixed & near-resistance momentum.
Note also that:
May 17th, 2013 9:57 pm
Submitted by Tyler Durden.
Submitted by Michael Krieger of Liberty Blitzkrieg blog,
I’d like to say that the following is unbelievable, but it’s not. Unfortunately, it is all too believable.
The Internal Revenue Service official in charge of the tax-exempt organizations at the time when the unit targeted tea party groups now runs the IRS office responsible for the health care legislation.
Sarah Hall Ingram served as commissioner of the office responsible for tax-exempt organizations b...
May 17th, 2013 3:59 pm
Courtesy of Vitaliy Katsenelson.
Here is a joke that I heard from Warren Buffet years back.
A very successful oilman dies. He faces Saint Peter, who says, “You’ve been a good man and normally I’d send you to heaven, but heaven is full. We only have a place in hell.” The oilman says, “Any chance I could talk to other oilmen who are in heaven? Maybe I can convince someone to switch places with me?” Saint Peter says, “It’s never happened before, but sure, I don’t see any harm in it.” The oilman goes to heaven, finds an oilmen convention and yells, “They found a huge oil discovery in hell!” Oilmen are stampeding out of heaven to hell, and our oilman is running with them. Saint Peter asks him “Why are you going to hell with them? I have a spot in heaven, you can stay.” The oilman answers – “Are you kidding, what if it’s true?”
The morale of the story: don̵...
May 17th, 2013 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
May 16th, 2013 2:08 am
Courtesy of Sabrient Systems and Gradient Analytics
It seems that every Tuesday in 2013 since January 8 has been positive on the Dow. And this past Tuesday was no exception. Now that sounds like a trend to put money on -- buy the SPDR Dow Jones Industrial Average ETF (DIA) at the close each Monday and close out the position late on Tuesday.
The Dow and S&P 500 both hit new all-time highs once again on Wednesday, while the Nasdaq hit its highest level since November 2000. The “risk on” allocation of new investment capital into cyclicals continues, although Wednesday saw leadership from defensive sectors Consumer Staples, Utilities, and Telecom, along with Financials. Nevertheless, ConvergEx reports that the average correlation of the ten S&P business sectors to the overall index averaged 82% last month. While that is below the 86% averag...
May 15th, 2013 8:46 pm
Options brief will resume May 20th, 2013.Today’s tickers: BMY, TIBX & WM
May 15th, 2013 1:09 pmSubmitted by Mark Hanna
We are starting to see some very extreme readings on our monthly and weekly index charts since there has been no correction this year. I posted below first the monthly chart of the S&P 500 going back 15 years showing bollinger bands – rarely do we get above the upper one, and never have we been this far above. Then below that I posted (with 4 charts of 4 years each) the weekly data and you can see we are at a rare time we are above the weekly bollinger band as well. This non stop rally is getting very historical.
Monthly – we've never been this far a...
May 13th, 2013 1:11 am
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 12th, 2013 7:23 am
Courtesy of John Nyaradi.Stock market posts another record setting week, but the big news came after Friday’s close.
The stock market put on another record setting show with the Dow Jones Industrial Average (NYSEARCA:DIA) closing at a record high 15,118 and the S&P 500 (NYSEARCA:SPY) closing at 1633.70, another all time closing high.
May 12th, 2013 1:23 am
NEW: Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.
Here's the new Stock World Weekly newsletter. Please sign in with your user name and password for PSW, or sign up for a free trial. Thanks!
January 21st, 2013 8:09 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Well, well, well....it is good to know that there are others in the scientific arena who believed that YMI Bioscience's data (cough - Gilead) is a better drug than Incyte's Jakafi. Now, the definitive data are still unknown, but there was enough evidence from a Phase 2 trial to take a small risk for a huge reward. So, let's forget about Apple (AAPL), and do nothing but biotechs from now until Congress passes universal health care coverage for prescriptions....and drive the prices down so that research and development is no longer feasible to conduct in the US. Even Seattle Genetics (SGEN) has been on a tear as of late...
November 18th, 2012 11:09 amFAS Money $25KPA $25KPM AAPL Money Peter's Strangle Portfolio Income Portfolio ...
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...