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June 1st, 2015 10:48 pm
Digesting Stock Gains
Courtesy of Wade of Investing Caffeine
Despite calls for “Sell in May, and go away,” the stock market as measured by both the Dow Jones Industrial and S&P 500 indexes grinded out a +1% gain during the month of May. For the year, the picture looks much the same…the Dow is up around +1% and the S&P 500 +2%. After gorging on gains of +30% in 2013 and +11% in 2014, it comes as no surprise to me that the S&P 500 is taking time to digest the gains. After eating any large pleasurable meal, there’s always a chance for some indigestion – just like last month. More specifically, the month of May ended as it did the previous six months…with a loss on...
June 1st, 2015 10:30 pm
Submitted by Tyler Durden.
Think of this as a little imperial folly update -- and here's the backstory.
In the years after invading Iraq and disbanding Saddam Hussein’s military, the U.S. sunk about $25 billion into “standing up” a new Iraqi army. By June 2014, however, that army, filled with at least ...
June 1st, 2015 10:00 pm
Courtesy of Doug Short.
Note: This commentary has been updated to include the Real Retail Sales data for April.
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.
There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are:
The Latest Indicator Data
Real Retail Sales: Retail Sales were flat in April (-0.001%) following the March bounce that in turn followed three months of contraction. The seasonally adjusted Consumer Price In...
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
June 1st, 2015 2:13 pm
Financial Markets and Economy
Telemarketers’ jobs have the highest chance of being automated, according to recent report. Other positions with huge potential for being overtaken by robots? Cashiers, tellers and drivers, among others, according to this new NPR interactive.
While telemarketers have a 99% chance of one day being totally replaced by technology (it’s already happening), cashiers, tellers and drivers all have over a 97% chance at being automated...
To play around with the complete data, check ...
June 1st, 2015 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
June 1st, 2015 9:38 am
Courtesy of Chris Kimble.
Almost 90-days ago the US Dollar was dealing with a 14-year resistance line that dated back to its all-time highs in 1985, around the 95 level. It pushed above this resistance line and closed just above the 100 level on the week ending 3/13/15. Since then the US$ has backed off some, coming back to test the old resistance line as potential test of support for its first time in history, around the 93 level.
Since testing this support line for the first time in history, the US$ has rallied around 4%.
At this time the US$ finds itself above the 93 support level and below this highs it hit at the 100 level.
June 1st, 2015 12:00 am
Courtesy of Benzinga.Related ESI Five Prime Therapeutics, TiVo, ITT Educational Services Lead Tuesday's After-Hours Movers SEC Charges ITT Educational Services Executives With Fraud, Peers Trading Lower Midday Gainers / Losers (Seeking Alpha)
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
ITT Educational ...
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 firstname.lastname@example.org 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...