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  1. Phil

    Churn baby churn!  300,000 contracts traded 116,000 times so far (much more into close) – all to net out 11,000 contracts since yesterday.  Yet it's not considered a crime…

     

    Click for
    Chart
    Current Session Prior Day Opt's
    Open High Low Last Time Set Chg Vol Set Op Int
    May'13 92.33 93.34 92.33 93.18 14:04
    Mar 22

    -

    0.73 116952 92.45 300278 Call Put
    Jun'13 92.68 93.62 92.64 93.44 14:04
    Mar 22

    -

    0.67 27523 92.77 167962 Call Put
    Jul'13 93.05 93.80 92.89 93.63 14:04
    Mar 22

    -

    0.64 18109 92.99 120731 Call Put
    Aug'13 93.21 93.79 93.01 93.61 14:04
    Mar 22

    -

    0.59 6257 93.02 74083 Call Put

    $93.50 on the button, by the way – back to being too tempting not to short but very risky, of course (/CL).  

    By the way – here's how Obama can break the NYMEX speculators in 30 days if he wants to:

    The SPR has 800Mb of oil in it and we are, in fact, able to deliver them (that's the point) so all he has to do is accept those 300,000,000 barrels worth of orders at $92.50 ($27.75Bn) and then refuse to buy back the contracts.  By the end of the month, traders will either go nuts trying to find buyers (like FCOJ in Trading Places) or they'll be forced to take delivery of 300M extra barrels of oil during May, which would give us average weekly inventory builds of 75Mb.  

    We'd still have 500Mb in the SPR and, realistically, the oil is still in the US – so it's not like we lost it and, if you wanted to be doubly sure you could restock the SPR, we could also hedge with some 2015 Futures, as they are only $86.51 anyway.  

     

    Dec'15 86.90 86.90 86.37 86.46 14:13
    Mar 22

    -

    -0.05 1925 86.51 59264 Call Put

    I think it would only take one or two months of ramming $5-10Bn losses down the throats of the speculators to put a stop to this nonsense and, if oil crashes and we make an extra $15Bn from selling it – that would be nice too.  



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Zero Hedge

Eight Reasons Why The Dutch Election Matters

Courtesy of ZeroHedge. View original post here.

Submitted by Saxo Bank's Martin O'Rourke via TradingFloor.com,

  • The Netherlands' general election takes place on March 15
  • Geert Wilders far-right Party for Freedom expected to emerge first
  • Wilders path to premiership likely to be blocked by moderate coalition
  • Support for Wilders' anti-immigration, anti-EU stance fits populist narrative
  • Key lessons for Europe ahead of French and German elections...


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Want a stronger economy? Give immigrants a warm welcome

 

Want a stronger economy? Give immigrants a warm welcome

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?Immigrants have long been a scapegoat when economies are sputtering, jobs are being lost or security is a concern.

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Fed may raise interest rates ‘fairly soon’ thanks to economy’s continued growth (The Washington Post)

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ValueWalk

Undervalued Hawaiian Holdings Well Positioned For Further Growth

By The Acquirer's Multiple. Originally published at ValueWalk.

One of the cheapest stocks in our all All Investable – Stock Screener and the cheapest airline stock is Hawaiian Holdings, Inc. (NASDAQ:HA).

Hawaiian Holdings, Inc. (Hawaiian) is the parent company for its subsidiary, Hawaiian Airlines, Inc.

Hawaiian Airlines is now in its 88th year of continuous service, Hawaiian is Hawai’i’s biggest and longest-serving airline, as well as the largest provider of passenger air service from its primary visitor markets on the U.S. Mainland. Hawaiian offers non-stop service to Hawai’i from more U.S. gateway cities (11) than any other airline, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa and Tahiti. Hawaii...



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Market Pause

Courtesy of Declan.

Nothing really to add to yesterday. Markets took minor hits, but there was little intraday spread. The biggest spread was in the Russell 2000 which was underperforming heading into today's session. It reversed most of yesterday's gains, but it has some way to go before it begins challenging the breakout


The New Lows and Highs is in a secular bullish pattern, and it will take continued pressure in spike lows to generate a sustained sell off - none of which is happening here.

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Kimble Charting Solutions

Quiz; What would you do with this opportunity?

Courtesy of Chris Kimble.

Below looks at an asset that has had a rough couple of years. The Power of the Pattern feels a nice risk/reward pattern is in play.

CLICK ON CHART TO ENLARGE

What would you do with this pattern? Long, Short or Avoid at (1).

We would like to hear how you feel this asset should be traded at (1). Please send an email to ...



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It's Time To Beat Up On Credit Suisse and Their Woefully Misinformed Bitcoin Advice

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Credit Suisse has been posting cryptocurrency advisories over the last few weeks. They are quite one-sided, although couched in the appearance of objectivity. To explain why it's couched in the appearance of objectivity, and not actually objective, let me give you some background. 

The Obama administration enacted a law known as the Fiduciary Rule, as per Investopedia

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Members' Corner

President Trump's Analyst?

Courtesy of Nattering Naybob.

Once again, not to be mistaken for Tuesday's With Morrie, it's time for Tuesdays With Trump...

 


Summary

Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
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OpTrader

Swing trading portfolio - week of February 20th, 2017

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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NSA May Be Withholding Intel from President Trump

By Jean Luc

These GOP guys were so worried about Hillary's email server and now we find out that we had something close to a Russian mole in the White House. In the meantime, Trump keeps on using his unsecured phone, had high level conversation in his resort in front of dinner guests! It's getting so bad that rumors are now circulating that the NSA is not sharing information with the WH:

NSA May Be Withholding Intel from President Trump

By 

….Our spies have had enough of these shady Russian connections—and they are starting to push back….In light of this, and out of worries about the White House’s ability to keep secrets, some of our spy agencies have begun withholding intelligence fro...



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Promotions

Phil's Stock World's Las Vegas Conference!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

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:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has offered us rooms for $189 on Saturday night and $129 for Sunday night but rooms are limited at that price.

So, if you are planning on being in Vegas (Highly Recommended!), please sign up as soon as possible by sending...



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Biotech

The Medicines Company: Insider Buying

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

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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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