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July 26th, 2016 11:30 am
Courtesy of Doug Short's Advisor Perspectives.With today's release of the May S&P/Case-Shiller Home Price we learned that seasonally adjusted home prices for the benchmark 20-city index were down month over month at -0.1%. The seasonally adjusted year-over-year change has hovered between 4.4% and 5.4% for the last twelve months.
The adjacent column chart illustrates the month-over-month change in the seasonally adjusted 20-city index, which tends to be the most closely watched of the Case-Shiller series. It was down -0.1% from the previous month. The nonseasonally adjusted index was up 5.2% year-over-year.
Investing.com had forecast a -0.1% MoM seasonally adjusted decrease and 5.5% ...
July 26th, 2016 11:17 am
By Jacob Wolinsky. Originally published at ValueWalk.
David Einhorn’s letter for the second quarter ended June 30, 2016.
ValueWalk has obtained David Einhorn’s Q2 letter to investors. Below readers can find a full copy – below is a brief summary.
Also seeDavid Einhorn Q1: Long YELP [FULL Q1 2016 Letter] Greenlight Capital Q4 Letter To Investors: Long Macys Greenlight Capital 3Q15 Letter: Still Long Sune, MU
David Einhorn sold Macy’s, as well as “several material positions” during the...
July 26th, 2016 10:58 am
While USDJPY notched down and Oil had been slipping, stocks suddenly lurched lower, gapping to yesterday's lows on heavy volume. As one veteran trader exclaimed "what the f**k was that?" as no obvious catalyst sprung up, unless of course this morning's series of economic "beats" was sufficiently good to be bad for stocks and raise the dreaded rate hike specter.
Stocks suddenly plunged...
And VIX spiked...
July 26th, 2016 9:12 am
Courtesy of Chris Kimble.
Junk bonds have been quality at sending Risk On and Risk Off message to the broad stock market. Below looks at Junk Bond ETF JNK over the past decade.
JNK finds itself at an important price point below and what it does in the upcoming couple of weeks could become a big influence on the Risk On/Risk Off trade.
CLICK ON CHART TO ENLARGE...
July 26th, 2016 8:56 am
Financial Markets and Economy
The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.
U.S. stock futures waver ahead of Fed, key earnings (Market Watch)
U.S. stock futures struggled for direction on Tuesday, with investors opting for the sidelines ahead of the closely watched Federal Reserve meeting and a deluge of ear...
July 26th, 2016 3:05 am
Courtesy of Mish.
My vision of driverless trucks and taxis within the time frame of six to eight years looks downright feeble to that of Chris Dixon, a partner at prestigious Silicon Valley investment firm Andreessen Horowitz.
Not only does Horowitz see things happening faster than I do, he envisions entire cities totally driverless within ten years.
Within ten years, roads will be full of driverless cars. Maybe within two, depending on where you’re driving.
That’s what Chris Dixon, a partner at...
July 25th, 2016 8:50 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 ...
July 25th, 2016 12:00 am
Courtesy of Benzinga.Related VMW Benzinga's Top Initiations Tuesday Market Wrap: Dow Climbs For 6th Straight Day While S&P And Nasdaq Record Modest Losse...
July 19th, 2016 3:49 pm
Demystifying the blockchain: a basic user guide
Companies around the world are exploring blockchain, the technology underpinning digital currency bitcoin. In this Blockchain unleashed series, we investigate the many possible use cases for the blockchain, from the novel to the transformative.
Most people agree we do not need to know how a television works to enjoy using one. This is true of many existing and emerging technologies. Most of us happily drive cars, use mobile phones and send emails without knowing how they work. With this in mind, here is a tech-free user guide to the blockchain - the technology infrastructure behind bitcoin...
July 14th, 2016 1:50 pm
Courtesy of Jean-Luc
We are getting much more energy efficient – no wonder Saudis are selling as much as they can! Who wants to be the one with trillions of dollars of oil in the ground unwanted:
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
May 7th, 2016 1:40 pm
Reminder: Pharmboy and Ilene are available to chat with Members.
Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.This Is Why Biotech Stocks May Explode Again
By Amy Reeves
After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.
December 15th, 2015 2:15 pm
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, ...
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.
Thank you for you time!
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...