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January 17th, 2017 10:39 pm
Financial Markets and Economy
The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, while Asian stocks are set to drift lower following a weak Wall Street.
Donald Trump may have a point: the dollar is indeed strong. Judging from the Federal Reserve’s own trade-weighted dollar index, the U.S. currency is now around 7 percent above its four-decade average.
January 17th, 2017 10:05 pm
By VW Staff. Originally published at ValueWalk.
Blue Tower Asset Management commentary for the fourth quarter ended December 31, 2016. But first check out our exclusive interview with the PM on some of the hedge fund’s favorite small caps.2016 Hedge Fund Letters
The Blue Tower Global Value strategy returned 4.98% gross of fees in Q4 2016 (4.66% net) and for the year of 2016 returned 34.83% gross of fees (33.36% net). 2016 has been an excellent year for the firm’s str...
January 17th, 2017 9:48 pm
A curious sight was observed in the skies above Area 51 in Nevada, on November 8, the day Donald Trump was elected President, by vacationing air traffic controller Phil Drake. According to Drake, the photographs below all taken by him, show a Russian-built Su-27P fighter jet taking on a US Air Force F-16 engaged in a mock dogfight training mission.
January 17th, 2017 5:42 pm
Courtesy of Declan.In the end, it was Theresa May and not Trump which saw the Russell 2000 cut through support and confirm the earlier 'bull trap'. This change coincided with a 'sell' trigger in +DI/-DI. Only stochastics are hanging on to its 'buy' signal.
January 17th, 2017 9:32 am
Financial Markets and Economy
The dollar fell as Treasury yields declined following a long weekend with investors seeking safety amid concern the U.K. is heading for a so-called hard Brexit.
European stocks fell on Tuesday, losing ground for a second day, as investors awaited U.K. Prime Minister Theresa May’s speech in which she is set to detail her plan for Brexit....
January 17th, 2017 8:56 am
Courtesy of Chris Kimble.
The US Dollar has been moving higher for nearly a decade, as the trend is up. Could the trend be changing? Could King Dollar loose strength here? If King Dollar would turn lower, what opportunities will present themselves?
Below looks at a chart of the US Dollar over the past 30-years, on a “Monthly Hi/Lo/Closing” basis-
CLICK ON CHART TO ENLARGE
The US Dollar finds itself in an uptrend and testing the underside of dual resistance at (1). With the trend being up, if King ...
January 16th, 2017 11:00 pm
Courtesy of Benzinga.Related HUM Crucial Dates To Watch As Aetna/Humana Deal Trial Comes To A Close The Market In 5 Minutes: GDP, Jobless Claims And Micron ...
January 16th, 2017 8:30 am
Courtesy of Nattering Naybob.In January 2016, as the Chinese stock market was taking a dip along with the SP500, Fed officials made some choice comments. One year later we review..
January 15th, 2017 11:28 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 ...
January 14th, 2017 10:16 am
Courtesy of Zero Hedge
China's bitcoin traders who use the most popular bitcoin exchange not only in China, but also the entire world, BTCChina, were met with an unexpected warning on Friday:
Starting from January 12th, 2017, BTCChina has suspended margin loan service. If you have any questions, please contact Customer Service: firstname.lastname@example.org.
BTCChina, which commands over 37% of global bitcoin trading...
... wasn't alone.
December 25th, 2016 8:40 pm
Brownback wants Trump to emulate what he did in Kansas because it worked so well:
By RICHARD RUBIN and WILL CONNORS
Sam Brownback, the Kansas governor whose tax cuts brought him political turmoil, recurring budget holes and sparse evidence of economic success, has a message for President-elect Donald Trump: Do what I did.
In 2013, Mr. Brownback set out to create a lean, business-friendly government in his state that other Republicans could replicate. He now faces a $350 million deficit when the Kansas legislature convenes in January and projections of a larger one in 2018. The state’s economy is flat and his party is fractured......
December 9th, 2016 12:32 pm
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.
December 5th, 2016 1:20 pm
Come join us for the Phil's Stock World's Conference in Las Vegas!
Date: Sunday, Feb 12, 2017 and Monday Feb 13, 2017.
Beginning Time: 8:00 am Sunday morning
Location: Caesar's Palace in Las Vegas
Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)
The more people who sign up,...
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
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...