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May 6th, 2016 4:00 am
Submitted by Tyler Durden.
With her country's political landscape shifting significantly before her, Angela Merkel has now put her political hat on in order to survive politically in Germany.
As France 24 reports, Angela Merkel is urging European Leaders to protect the EU's external borders or risk a "return to nationalism." Merkel said the "freedom of movement" in Europe is at stake as it deals with the worst migration crisis since WWII.
The irony of course, is that it wasn't very long ago that Merkel was vehem...
May 6th, 2016 2:54 am
Courtesy of Mish.
On May 4, Brussels gave its approval to visa-free travel for Turks. That approval still needs to be ratified by a weighted average of ministers as well as the European parliament.
Just a few hours after the Brussels green light, Turkish president Recep Tayyip Erdogan sacked Ahmet Davutoglu, the prime minister who negotiated the deal with German chancellor Angela Merkel.
In between, Renzi and Merkel held a love fest with an extremely skeptical France on the sidelines.
Final result: Uncertain but is Merkel pulling her hair out as her scheme is set to collapse.
My, how things change in a day.
EU Set to Approve Deal With Turkey
Flashback May 4: ...
May 5th, 2016 10:54 pm
Financial Markets and Economy
Oil Patch Bankruptcies Hit $34.3 Billion (Value Walk)
The number of oil patch bankruptcies continues to rise, and the number of companies filing for creditor protection is accelerating, that’s according to according to law firm Haynes and Boone LP’s May Oil Patch Bankruptcy Monitor.
Oil Price Drop Vanquishes Cutting-Edge Projects (Wall Street Journal)
May 5th, 2016 9:35 pm
By Jacob Wolinsky. Originally published at ValueWalk.
Donald Trump – How the Ghost of Watergate Haunts This Election
There is a line of reasoning in political circles that says Barack Obama created the phenomenon of Donald Trump.
I aver that Donald Trump is a creation of the post-Watergate media. Collectively we have made running for office so abso...
May 5th, 2016 5:35 pm
Courtesy of Blain.
Indexes opened up but once again buyers failed to show much spirit and we saw minor losses as most sat on the sidelines awaiting tomorrow’s employment data. The S&P 500 fell 0.02% and the NASDAQ 0.18%. It was a quiet day on the news front.
The NASDAQ continues to drift along our trendline in blue which connects multi year lows. So if there is a strong reaction to the employment data tomorrow we should see the NASDAQ either bounce off this level or break through it. It is probably going to take a very weak number to push the NASDAQ through a level like this so one might be apt to expect a “relief bounce” of some sort. This was the NASDAQ’s 10th down day out of 11.
“An oversold bounce is likely to interrupt the pullback in the SPX today, b...
May 5th, 2016 1:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
May 5th, 2016 9:41 am
Two years after Newsweek wrote an inaugural article upon returning to print in which it "unmasked" bitcoin creator Satoshi Nakamoto and which turned out be a hoax (the author "found" Nakamoto using a white pages search), earlier this week the world was fixated on the story of another self-professed bitcoin "creator", this time Australian entrepreneuer Craig Wright, who &quo...
May 5th, 2016 9:07 am
Courtesy of Chris Kimble.
How many of you like “Choppy/Sideways” markets? I humbly suspect that most don’t. They do present some short-term trading opportunities for sure, nothing wrong with that. From a trend perspective, I would understand if some think a sideways pattern is boring.
Below takes a close look at the S&P 500 over the past couple of years.
CLICK ON CHART TO ENLARGE
The S&P 500 has spent the last couple of years, forming...
May 5th, 2016 12:00 am
Courtesy of Benzinga.Related PCLN Vetr Top Raters Upgrade Priceline Following Post-Earnings Decline Cantor Fitzgerald Maintains Buy On Priceline Despite Poor Outlook Overshadowed Solid Q1 Results Tesla, Apple Supplier P...
May 5th, 2016 12:00 am
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Courtesy of Benzinga.
Relypsa Inc (NASDAQ: RLYP) shares have plummeted 51 percent year-to-date, under pressure from debt-financing related concerns. Cantor Fitzgerald’s Mara Goldstein reiterated a Buy rating for the company, while reducing the price target from $42 to $41. The analyst believes the 1Q16 results would be “a stabilizing force for the shares.”Positive Data Points For Veltassa Launch
Veltassa metrics look favorable so far, including a low payer rejecti...
May 2nd, 2016 10:21 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 ...
March 4th, 2016 12:48 pm
Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,
The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now.
And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now.
Phil writes back,
I was expecting them to start throwing poop at each other &n...
December 15th, 2015 2:15 pm
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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.
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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...