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April 27th, 2017 5:51 am
President Trump assured a sleepless night for currency traders when in the span of just a few hours, he appeared to change his mind on NAFTA by 180 degrees, and shortly after White House officials disclosed that the president was contemplating an executive order to exit NAFTA, perhaps in days, late on Wednesday Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House statement said.
The White House had been considering an executive order exiting ...
April 27th, 2017 3:02 am
Courtesy of Mish.
In a few short hours Trump when from threatening to pull the plug on NAFTA (again), to stating “It is my privilege to bring NAFTA up to date through renegotiation.”
In the here we go again category, please consider Donald Trump will not terminate NAFTA treaty after ‘pleasing talks with Canada & Mexico’.
The President congratulated his Canadian and Mexican counterparts for “proceeding quickly” and is adamant the deal will allow all three countries to be “stronger and better”.
A White House statement said: ...
April 26th, 2017 8:51 pm
By insidesources. Originally published at ValueWalk.
For both environmentalists and oil companies, last Thursday was a grim anniversary. April 20, 2017 marked the seventh anniversary of the Deepwater Horizon oil spill, which gushed 4.9 million barrels of oil into the Gulf Mexico in the largest accidental marine oil spill in history. Preventing another such spill has been a concern for the industry, environmentalists, and government organizations. Although the goal is clear, the means of achieving it are less so. Fiber optic technology could help the operators of pipelines and oil rigs get valuable real time information about the oil flowing through their pipes, helping to point out potential leaks even before they begin, says David Brower, president of Astro Technology....
April 26th, 2017 5:22 pm
Courtesy of Declan.After two days of gains it was time for consolidation in markets. The Russell 2000 didn't get this memo and added a third day of gains managing a new closing high.
April 26th, 2017 4:04 pm
Financial Markets and Economy
Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after prices slid for several days on worries that a global crude glut was persisting despite cuts in output by producing countries.
Lucky, Good or Tipped Off? The Curious Case of Government Data and the Pound (The Wall Street Journal)
Some investors could be trading with knowledge of U.K. official statistics before they are publi...
April 26th, 2017 9:55 am
Courtesy of Chris Kimble.
Could the “Weekly Closing Highs and Lows” of last year, be impacting stock prices in 2017? The Power of the Pattern thinks so! Below looks at the S&P 500 over the past couple of years. where we applied Fibonacci to the “Weekly Closing Highs and Lows” of last year.
CLICK ON CHART TO ENLARGE
The S&P 500 ran into the 161% extension level at (2) and it stopped on a dime, at the end of February. Following a small decline the rally the past two weeks has it testi...
April 26th, 2017 12:00 am
Courtesy of Benzinga.Related WYNN 18 Biggest Mid-Day Gainers For Wednesday 25 Stocks Moving In Wednesday's Pre-Market Session ...
April 24th, 2017 9:50 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 ...
April 24th, 2017 12:45 am
Hello fellow PSW-ers, it's biodieselchris here. I've been interested in cryptocurrencies (informally, "cryptos" or "coins") since 2011 when I first heard about Bitcoin, Since that time I've become somewhat of a subject matter expert and personal investor in Bitcoin and other alternative cryptocurrencies ("altcoins"). I have even started one of my own!
I've been posting comments about cryptos in Phil's daily post from time to time. Recently, Phil and I got on a call and he asked if I would like to run a blog on his site specifically about cryptos, which I thought was a great idea. My goal would be to educate members on what I know about how coins work, how I research coins (what I find interesting), how exactly one can invest (buy, hold, and sell) coins and a basic, easy-to-follow general how-to on all things crypto. In addition, other members have expressed an interest in learning more directly...
April 21st, 2017 10:12 am
Courtesy of Phil Stasukaitis (pstas)
I was asked by my local investment club to do a presentation on "how to buy a stock?" As I pondered the question, I began by noting all the elements that I monitor regularly and which come in to play as part of my decision process. As the group is comprised novices to experts, I tried to gear my discussion to cover both basics and more advanced concepts.
Four Part Discussion
1. Macro Economic Indicators
We'll start with reviewing some basic concepts and measurements that have direct effects on the stock market.
A. Gross Domestic Product (GDP)
April 15th, 2017 3:32 pm
Courtesy of Jean-Luc
I am telling you Angel – makes no sense… BTW:Republicans Love Bombing, But Only When a Republican Does It
By Kevin Drum, Mother Jones
A few days ago I noted that Republican views of the economy changed dramatically when Donald Trump was elected, but Democratic views stayed pretty stable. Apparently Republicans view the economy through a partisan lens but Democrats don't.
Are there other examples of this? Yes indeed. Jeff Stein points to polling data about air strikes against Syria:
April 12th, 2017 10:50 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
PSW Members....it has been a while since my last post, but since many have all been on the board following the chat, it is time for a scientific lesson in a few of the companies we are long. In addition, another revolution is coming in the medical field, and it will be touched upon as well.
CAR-T - stands for Chimeric antigen receptors (CARs) and the T is for T-cell.
From the picture above, T-cells are one cell type of our immune system that fight off infection as well as they are one player at keeping rogue cells from becoming cancerous. Unfortunately, cancer somehow evades the immune system and so it begins.
CAR-T came along in the late1980s via a brilliant scientist, Zelig Eshhar...
March 7th, 2017 4:51 pm
Here's a free ebook for you to check out!
Phil has a chapter in a newly-released eBook that we think you’ll enjoy.
In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.
This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.
Some other great content in this free eBook includes:
· How 2017 Will Affect Oil, the US Dollar and the European Union...
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...