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  1. Phil

    Good morning! 

    I see Ron's up nice and early – thanks for reminder on GOOG, looks like another nice pullback this morning.  

    No, it's not my birthday yet.  If it were my birthday, we'd be commemorating crucifixions and it would be a National Holiday with even the markets shut down to celebrate – not too long now…

    ABX/StJ – Thanks.  As long as it can be filled, then great but ABX will be popping at the open, I think.  HMY is more speculative than ABX so we'd play them differently if they both tanked and, also, we'd play them differently if they both ran up – being more likely to cash out HMY for short-term profits since it's less long-term predictable.  On INTC – I thought we had some short calls to roll.  If not – then we should do a 3/5 sale.  We'll go over it once the Portfolio is printed.  

    Dollar is 82.85 so higher than we like but keep in mind Dollar moves only matter short-term as they force a reprice in equities and commodities but they quickly adjust to the new range and then it's all about the relative moves.  So, last week it was over and under at 82.75 so it's not like 82.85 a week later is going to rock the markets.  I'd say under 82.75 is still bullish and over 83 still bearish but can range in between with little effect on the markets.  

    Gold re-tested $1,600 at 6:30 but new highs now at $1,606 with a spike to $1,609.20 when trading in NY opened at 8:30 so a preview of squeezes to come is most likely.  Forget how irrelevant Cyprus is in the grand scheme of things – all it takes is a couple of guys like Soros or Agnelopoulos or Latsis (gotta know your International Billionaires!) to pick up the phone and say (put me in 10% gold) and suddenly there's demand for a million shares of GLD, which is about 10% of days average volume, all to the buy side!  

    Wheee on oil already – $92.10 on /CLJ3!  $92.50 just tested on /CLK3 too!   Have I mentioned how much I love Futures trading lately? 

    Gasoline is testing $3.10 but nat gas holding just under $3.95 (way, way up from last year at $2.50 or less in first half) – should be some great buying opportunities there still as this is not at all priced in and $4 will cause a frenzy.  

    Copper $3.43 and a nice buy here but the $3.35 line will be tricky so I'd feel better about a cross over that on /HG.  Silver touched $29 (as predicted brilliantly at 4am) and now around $28.90 and same thing as gold, they could get a nice pop on very little panic but I'd short them at $30.  

    TZA/Yodi – Earlier than I would have liked but we only have two rules at PSW and the first one is: ALWAYS sell into the initial excitement and the second one is:  When in doubt, sell half – so that means we should be looking to take at least 1/2 off the table here and then maybe see how the day goes to decide on the rest. 

    Whoa – there goes $92 on J3!!!!  Congrats to all our oil shorters….  

    That's going to clip the Dow at the open as XOM and CVX react (not to mention the rest of the energy sector dragging the other indexes).  

    What a great start to the week! 



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ValueWalk

Georgia: Pope Visits Tbilisi

By EurasiaNet. Originally published at ValueWalk.

Georgia: Pope Visits Tbilisi by Monica Ellena, EurasiaNet

Pope Francis arrived in Georgia on September 30, aiming to extend his outreach campaign to the Christian Orthodox world. The pontiff’s ecumenical message, however, is not an easy sell in Tbilisi.

The central element of the 79-year-old pontiff’s visit was a meeting with the Georgian Orthodox Church’s leader, Patriarch Ilia II. The September 30 encounter with the 83-year-old Georgian patriarch was the latest in a recent string of meetings the pope has had with Orthodox leaders, starting with a first-ever sit-down with Russian Orthodox Church’s patriarch last February, followed by a get-together with the Eastern Orthodox Church’s ecume...



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Zero Hedge

Secret Swiss Military Bunkers Being Filled With Gold By Billionaires Seeking "Alternatives To Bank Deposits"

Courtesy of ZeroHedge. View original post here.

For decades, Switzerland had a reputation for bank secrecy that made it the most sought after tax haven for billionaires from around the globe.  But, after more than 80 years of secrecy, a series of bilateral agreements with countries around the world, including America’s Foreign Account Tax Compliance Act (FATCA), have forced the private-banking industry in Switzerland to embrace an entirely new era of transparency that requires a full exchange of tax-relevant information with more than a hundred countries.

Which, as ...



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Phil's Favorites

The Fed's Monetary Politburo Is Finally Catching Some Flack

Courtesy of David Stockman of Contra Corner

Now that’s more like it. Echoing Donald Trump’s Monday night bull’s-eye regarding the Fed’s thoroughly political essence, Rep. Scott Garrett put more wood to Janet Yellen during Wednesday’s hearing:

Rep. Scott Garrett, R-N.J., seized Trump’s mantle during Wednesday’s hearing, saying “the Fed has an unacceptable cozy relationship” with the Obama administration and Democrats.

“As the saying goes, perception is reality,” Garrett told Yellen. “Whether you like it or not, the public increasingly believes that the Fed’s independence is nothing more than a myth.”

Of course it’s a myth, and a dangerous one at tha...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Major Dollar Shortage Exposed In Europe As Deutsche Bank Contagion Spreads (Zero Hedge)

While global markets remain calm(ish), distracted by OPEC headlines, US election 'entertainment', and Middle East proxy wars, the reality is, something very ugly is accelerating in Europe.

U.S. Index Futures Little Changed as Investors Assess Bank Woes (Bloomberg)

U.S. index futures were little changed as investors assessed the implications of deepening woes in the European banking industry.

...



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Kimble Charting Solutions

Commodities attempting triple breakout, says Joe Friday

Courtesy of Chris Kimble.

Below looks at Commodities ETF DBC over the past decade. Since the highs in 2008, DBC has been a great asset to avoid. Is it time to start paying attention and potentially own this hard hit ETF? Check out the rare price situation below in DBC.

CLICK ON CHART TO ENLARGE

The CRB (Commodities Index) has been down 5-years in a row, this has never happened in the history of commoditi...



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Mapping The Market

The Industry That Was Crushed By The Obama Administration

By Jean-Luc

Good riddance – cleaned up a lot of frauds there:

The Industry That Was Crushed By The Obama Administration

In early 2009, the seven largest publicly traded college operators were worth a combined $51 billion. Today, they’ve been all but wiped out.

When Barack Obama took office, America’s seven largest publicly traded college operators were worth a combined $51 billion, with more than 815,000 students enrolled at campuses spread across the country. The schools were flooded with with people seeking shelter from the recession, returning to school to pick up new skills.

Almost eight years later, the industry has been decimated. The seven largest listed operators are worth just over $6 billion, and the most valuable co...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Saturday, 26 March 2016, 02:36:15 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: ZH: Its a BULLARD market, the FED jaw boning is keeping the market up!



Date Found: Sunday, 27 March 2016, 02:31:30 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: RTT: World trade near 2008/09 lows. SP500 near all time highs. PLACE YOUR BETS! Roll up! Roll up!



Date Found: Tuesday, 29 March 2016, 02:42:11 PM

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OpTrader

Swing trading portfolio - week of September 26th, 2016

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 ...



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Members' Corner

Market Liquidity and Macroeconomic Bullshit

 

Market Liquidity and Macroeconomic Bullshit

Courtesy of The Nattering Naybob

STJL - "Apparently macroeconomics is all bullshit – ROFL! Paging Naybob now… Famous Economist Paul Romer Says Macroeconomics Is All Bullshit."

The Nattering One muses... Macroeconomics as practiced by academics and those in charge is pure voodoo. Better to chant over goat blood, bird feathers and scattered entrails...

As for reality, overnight CNH HIBOR (...



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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.

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Biotech

Epizyme - A Waiting Game

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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