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  1. Phil

    Good morning! 

    Europe leading the Futures lower so no 1,565 for you!  

    Euro diving to $1.279 and MAYBE bouncing off $1.28 (it's just spiking now) and the Pound dropped like a pound of rocks from $1.518 to $1.512 and the Dollar jumped to 83.34 and it's not even helping the Yen at 94.55 because those idiots have been buying Euros trying to keep they Yen up (weaker).  

    Silver crashed from $28.80 to, at the moment, $28.20 and gold is down to $1,590 (from $1,600) with copper back to $3.43.  Nat gas, however, jammed up to $4 and is holding that line very artificially while gasoline remains at $3.10.  OIl, for the moment, is $95.82 and deteriorating slowly ever since they jammed that close to $96.45 and we can go back to Seinfeld twice in one comment as we describe the oil action as fake, Fake, FAKE!

    They've got armed army guys outside each Cyprus bank and they're opening tomorrow so, essentially, everyone expects mass riots in Cyprus.  Of course, it's hard to have a good mass riot when a whole country has just 1M people.  There are 45 KINDS of banks listed in Cyprus so figure, conservatively, 1,000 branches is 1,000 people per branch but, on the other hand, if 1M people went to BAC on the same day and asked for $10,000 in cash, BAC would have to shut down their doors as well – there simply isn't that much cash around so the wildcard is how panicked are the average Cypriots?  

    And, of course, if they CAN be panicked and someone can make money off them panicking, that increases the odds it will happen….

    Oops, things turning worse – /NKD just failed 12,500 and we know they can go much lower so that's a good Futures short (with tight stops over that line) as is, of course, Oil at $96. 



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Zero Hedge

This '60 Minutes Segment' On "Fake News" Illustrates Why And How The MSM Is Losing The Media War

Courtesy of ZeroHedge. View original post here.

Authored by Duane Norman via Free Market Shooter,

Yesterday, 60 Minutes aired a segment on “fake news,” which featured correspondent Scott Pelley interviewing several guests as per their typical style.  Regarding the guests, it was shocking to see Mike Cernovich of ...



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ValueWalk

It's Tsar, Not Comrade

By Confluence Investment Management. Originally published at ValueWalk.

February 12th was the 100-year anniversary of the Russian Revolution. Surprisingly, the Kremlin has taken a very low-key stance on the centenary. We believe the government’s decision to downplay this historical event offers an insight into Russian President Putin’s thinking.

Russian Revolution

See page for author [Public domain], via Wikimedia Commons

In this report, we will present a history of the Russian Revolution, showing how civil order deteriorated in the years after 1917. We will offer observations of how the Kremlin’s treatment of the revolution reflect...



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Phil's Favorites

Why Foreign Robots Are The Real U.S. Job Killer

Courtesy of Zero Hedge

Over the past several months President Trump has called out pretty much every major auto OEM for their efforts to move low-skilled assembly jobs to Mexico. But absent new tariffs, it's not terribly surprising to most people that American companies would seek to move low-skilled, labor-intensive jobs to lower cost labor markets...the math is pretty simple.

But what is somewhat surprising is how poorly the U.S. is performing versus international competition in the development of advanced manufacturing robotics. As the Wall Street Journal points out this morning, when it comes to automating a manufacturing floor, buying robotics 'Made in Ame...



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Chart School

Mixed bag of tricks; but good chance of market swing lows

Courtesy of Declan.

The damage was done premarket and value buyers were quick to take advantage. The index which benefited the most was the Nasdaq. It started today just above the 50-day MA and rallied off that. Volume wasn't great and the technical picture didn't really improve, but action like today's can prove to be a good starting point for a swing low.


Despite the gain in the Nasdaq, Breadth metrics are weakening but are neither overbought nor oversold.  The next strong swing low will likely take a tag of the light green ...

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

These Charts Show Alarm Bells Ringing on the Trump Trade (Bloomberg)

Investors on Monday further unwound trades initiated in November resting on the idea that the election of Donald Trump and a Republican Congress meant smooth passage of an agenda that featured business-friendly tax cuts and regulatory changes.

U.S. equity futures at six-week low after Trump healthcare setback (Reuters)

U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a...



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OpTrader

Swing trading portfolio - week of March 27th, 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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Kimble Charting Solutions

Stocks and Bonds; Critical change of direction in play?

Courtesy of Chris Kimble.

Since the summer of 2016, stocks have done very well and bonds have been thumped, as rates have risen sharply. Is it time for these trends to take a break? Below compares the performance of the S&P 500, with the popular bond ETF TLT over the past 9-months.

CLICK ON CHART TO ENLARGE

The performance spread between stocks and bonds over the past 9-months is a big one! Rare to see the spread between the two...



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Members' Corner

More Natterings

Courtesy of The Nattering Naybob

[Click on the titles for the full articles.]

A Quick $20 Trick?

Summary

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

  • Last time out, Sinbad The Sailor, QuickLogic.
  • GlobalFoundries, Jha, Smartron and cricket.
  • Quick money, fungible, demographics, QUIK focus.

Last Time Out

Monetary policy is just one form of policy that effects capital,...



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Digital Currencies

Bitcoin Tumbles Below Gold As China Tightens Regulations

Courtesy of Zero Hedge

Having rebounded rapidly from the ETF-decision disappointment, Bitcoin suffered another major setback overnight as Chinese regulators are circulating new guidelines that, if enacted, would require exchanges to verify the identity of clients and adhere to banking regulations.

A New York startup called Chainalysis estimated that roughly $2 billion of bitcoin moved out of China in 2016.

As The Wall Street Journal reports, the move to regulate bitcoin exchanges brings assurance that Chinese authorities will tolerate some level of trading, after months of uncertainty. A draft of the guidelines also indicates th...



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Mapping The Market

Congress begins rolling back Obama's broadband privacy rules

Courtesy of Jean Luc

I am trying to remember who on this board said that people wanted to Trump because they want their freedom back. Well….

Congress begins rolling back Obama's broadband privacy rules

By Daniel Cooper, Endgadget

ISPs will soon be able to sell your most private data without your consent.

As expected, Republicans in Congress have begun the process of rolling back the FCC's broadband privacy rules which prevent excessive surveillance. Arizona Republican Jeff Flake introduced a resolution to scrub the rules, using Congress' powers to invalidate recently-approved federal regulations. Reuters reports that the move has broad support, with 34 other names throwing their weight behind the res...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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

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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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