13,000 Thursday – Nasdaq Poised to Fail Critical Support

"Transitory" Inflation is still here – month 5.

While the Fed tries to convince us it won't last, inflation is soaring higher and higher and bonds are dropping as that market doesn't believe a word the Fed is saying – especially after yesterday's decade-high 0.8% jump in Consumer Prices – double the projections by the usual crew of leading Economorons.  How long inflation readings persist on the high side has implications for when the Fed decides to start withdrawing monetary stimulus by paring back bond-buying and raising interest rates from near zero.   

“Transient does not mean one month. As supply shortages run up against aftershocks from fiscal stimulus, and the base for comparison remains low, the CPI will continue to run hot into the summer. The impact of the Colonial pipeline shutdown on fuel prices will also have to be monitored closely.” — Andrew Husby and Yelena Shulyatyeva, U.S. economists

Transitory pandemic influences clearly contributed to the surprise but there’s residual firmness in core inflation that’s hard to ignore,” said Michael Gapen, chief U.S. economist at Barclays Plc. Aside from the reopening effect, “there was still some residual firmness that suggests risks around inflation in the near term are still skewed to the upside.”  Wages have shown signs of picking up, and supply chain challenges have elongated delivery times and driven materials prices higher.

Tranportation Services have not jumped 5.8% since 1975, when the Fed Funds Rate was at 7%.  More Federal Spending means more inflation, not even Powell can pretend that it doesn't and Biden still has proposals to spend $4Tn more on Infrastructure along with the Fed's ongoing $2Tn giveaway program and, of course, 0% borrowing rates.  If either the stimulus bill is dropped or the Fed allows rates to rise to contain inflation – the blowback on the market could be tremendous.

It's not just the $28Tn National Debt we need to be concerned about but the $10.5Tn of Corporate debt that is 100% higher than the last time the market crashed – as companies have been on a low-rate binge ever since.  And what is the main thing corporations spend all that borrowed money on?  Buying back their own stocks to make their static earnings look like they are making more…
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  • What a quarter! (AAPL, etc.) "People react; PSW'ers anticipate." Thanks everyone for a vibrant board.

    Silentstorm

  • The virtuous trade / Phil throws out so many ideas, that understandably he rejects all calls for a running total of how all ""quoted"" ideas are performing – it would be unworkable. But without such a list, I think it behooves us to call out the trades that have made a difference. January 13 expiration is going to be a big month for me as a significant number of sold put positions will expire worthless. One example of the power of patience and leaving well alone: VLO – sold Jan 13, 17.5 puts for $3.45 – and this trade was placed in August 2011. VLO is currently a tad over $35! And as time went by, and I got more experienced – with the help of Phil and the contributions from board members, I started selling short term puts and calls around this position. Sometimes having to roll, sometimes doubling down but always knowing what I was getting into, and feeling very calm and focussed that whatever happened I could handle it. And if I couldn't then there was always Phil to lend a helping hand. All in all, my profits since August 2011 would qualify as a tidy addition to any earnings from the day job. Thank you Sir.

    Winston

  • Phil...The hundred grand portfolio updates are helpful...Fun ..and have been profitable...really like em... made some nice entries into USB, KEY today... and I better add those FAZ calls tomorrow... Really glad you put that up this morning...

    Becker

  • Maya, After years of being pretty good at picking stocks I still managed to lose almost as much as I made.All the reading Phil asked us to do as a new member (And everything else I can get my hands on lately) has revealed my Achilles Heal.Good stock picks do not necessarily make money. My problem was swinging for the fences. Since becoming a member Jan 1 this year and getting into to scaling into small trades I am amazed at the steady profit growth I have experienced already while not worrying about getting killed. And having fun doing it.. Phil, Thanks for the education, the help you give and the chance to learn more and get better. Also thanks to all the members who have answered the few questions I had when your not around.

    Ricpar

  • BTW Phil, I wanted to relate a conversation I had with my business partner yesterday. I told him that I have been much more relaxed about my investments ever since I joined your site. It's funny how a 15-20% cushion does to your nerves. My returns have increased dramatically and my risk diminished. Many thanks for the guidance and patience. Good thing I am doing better financially as you might have increased my life expectancy as well!

    StJeanluc

  • Oxen (directly) and Wilkinson (indirectly) are making me a great day trader! Props to Andrew for another little nugget last night: HIG. $20 Dec calls paid 6% quickly this morning. And helloooo STJ - a few days, but nice pick nonetheless - esp with early cover premium.

    Dstillwe

  • Dear Phil, I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership. It is hard for me to follow all evening as I am in Tokyo but I can join you at the beginning of the market and read the next day.

    Tokyolife

  • Phil has some great insight into the market. He's given me a different perspective on the market and I know I'm a better trader/investor because of it. I've been trading options since the late 80's and Phil is right. Unless you know what is going to happen (how can you, unless you have insider information), then do what the smart money does - be the house. Remember guys, we're allowed to sell options. If you're afraid to be short, then do a spread to limit your liability. When I think about the money I've made and lost on options, a good approximation is that I win 30% of the time when I do a straight buy; I win about 70% of the time when I do a spread; I win nearly 90% of the time when I sell naked.

    Autolander

  • Thanks, Phil!!! I just crushed today with it with silver (SLV) calls today, thanks to your persistent reminders of how ridiculously cheap it has become, and watching my TSLA this week $240 puts dissolve into chump change added an extra note of amusement.

    Zeroxzero

  • WOW!!!!!!!!!!!! How will I ever do anything else in my life that will compare to the wild ride you get trading an ultra etf in the most volatile sector in the stock market the day before option expiration?

    Matt1966

  • There are a lot of us that have been here a long time and we all learn something everyday. Just keep asking questions, there are a lot of smart people here and they are willing to help and then of course, you have Phil.

    Jr Mints

  • Phil… My portfolio, in the past few months, has acheived a high degree of stabilization. I've noticed that on up days, down days, even days, it doesn't matter, my portfolio rarely varies more than 2%. And over the long haul it just slowly increases in value. I attribute this not to investment choices, but to style. Thanks to you and others on this site I'm paying close attention to position size, delta neutrality, downside protection, and concentrating on selling premium rather than buying it. I've developed increasing patience, not having to trade daily, or even weekly. I'm concentrating on the finer points of trading, letting the profits come to me, rather than the other way around. I appreciate the help everyone here has given in getting me focused on this principle. I'm pumped!…in a calm sort of way.

    Iflantheman

  • I remember that call (to sell gold at $1,850) as well... and the many Buy-Writes that were created on your site during that period... thanks to you, I had an average ROI of close to 70% for over 2 years, averaging 4,000 trades per year. Busy trading, but lots of fun and memorable trades.

    1234gel

  • Happy Thanksgiving Phil and to your family and associates. Also to all of the other fellow citizens of Phil's Stock World. I am particularly happy and thankful that I clicked on your article in Seeking Alpha a number of years ago. That opened the gate to Phil's Stock World and "being the house". My wallet thanks you as does my peace of mind in trading options, stocks and rarely futures. Your liberal views opened up my views—being a boot strapper (pulled myself out of a poor background) I was a CONSERVATIVE—cynical of others who weren't as driven. Now, I am much less so; you have taught me more than how to make money and manage risk. So, again I give thanks to you and the others of PSW!!

    Newthugger

  • I started with $250,000 in cash as of Oct 1 and have realized gains of $81,000 thru close of business. And that's in an IRA with no margin or naked trades. Whenever you are in Argentina or Chile I owe you a drink. I'm looking forward to it.

    Denlundy

  • Phil/Everyone here/Thank you - What everyone here with their insightful comments (including yourself) has helped me with is that I'm greatly increasing my ability to trade more psychologically neutral, although I've got a ways to go. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.

    Skasiah

  • Phil - I'm with you just little bit longer than a month and you can not imagine how happy I am now, and not just because my P/L improved ( and I'm sure that it will be even better), but I found that the worst thing in trader's carrier is a LONELINESS. Here I found so many bright good guys, I looked for this service for years. THANK YOU AND TAKE GOOD CARE OF YOURSELF BECAUSE I PLAN TO STAY HERE AND RIDE THIS CREASY MARKET WITH YOU FOR ANOTHER 20-30 YEARS

    Tchayipov

  • New member/1st time posting: Thanks Phil and Pharm for the rec on TOS. I've emailed Scott to get myself setup so I hope to hear back soon. As a newbie on PSW for a month now, I've been readin' and readin' and readin'. Gonna start paper-trading for a while. See how I do before putting a single dime into it. New at options but seems like this is the best training and educational platform out there. I'm a long-time mortgage broker who got too involved with real estate investing. LOVED your article, Phil, on mortgage interest scams. Right on!! Let me know if and how I can contribute back to the community here. Cheers! - Mark

    Mark

  • Simply the best blogger with the greatest group of members a person could surround himself with on trading day. I've been trading for quite some time now and the insights & suggestions offered by Phil and the members keep me on a continuous learning cycle.

    DDay

  • Market manipulation…. One of the things I've gained from this site is the concept of market manipulation. I never thought it was so prevalent, but now I know it is. I actually consider its effect when I make trades. Several days ago, when AAPL was moving toward 220 I sold 210 calls. My reasoning was that they will probably pin this month at 210. They came in big time as the stock moved ever closer to 210. I agree with Phil's comment that one of the things we need to do is find out what they are manipulating, and how, and hitch a ride. They are doing this with several equities. I've actually seen one article describing several equities that were being manipulated to pin at expiration each month, and describing how it was done, and of course Phil has described it well. In some ways it's easier to figure this out than it is a ‘normal' market behavior, and thus easier to make money in certain equities.

    Iflantheman

  • It is hard to learn the process that Phil teaches, but it is worth the effort. I think it is finally sinking in & so I say Thanks teacher for your patience & expertise! I've had a very good week so far & I know it is because of persisting in this learning process that you teach.

    Pirateinvestor

  • Here I have learned and look differently at things. Over the years being with PSW I have first of all learned and gained in knowledge of trading. This to me is one of the biggest gains. I still remember the play on Caesar Palace, paid my trip to Atlanta!

    Yodi

  • Phil – great calls this past week, esp. friday and monday. in the old days I would have let Prechter et al scare me into trimming my longs and going short at just the wrong time. your feel for the markets is Tiger-esque. CHK, HOV, BX, TLT and XLF are big winners for me today. My biggest up day in a long time. Thanks!

    Terrapin22

  • Phil fantastic call on the markets… I owe you BIG…thanks and have a great weekend!

    Kustomz

  • The strategy you have laid out pretty much mirrors much of my trading activity. I also mix in some momentum plays and "drop dead" bargains that come across my radar. My YTD trading profit is 63%. Back in March when Phil said "unless you think the world is coming to an end, then NOW is the time to start taking positions in Buy/Writes with the VIX so high." I jumped in with both feet - ( thanks, again Phil)

    Chaps

  • Phil/CL-that play made a quick $500 per contract! Took all of 10 minutes! I want to thank you for helping me not just learn a bit about trading, but giving me some confidence and most of all a rewarding "hobby" to look forward to each day. I have had a few mistakes and losses along the way, but I have had some great wins too and I am now consistently making money trading futures and have even learned to go to sleep while holding a losing position knowing that tomorrow is always another opportunity to win again. So thanks again for your help and patience along the way.

    Craigsa620

  • Phil – BTW, the new STP/LTP coupled with the income portfolio is Perfect! I do not trade all of them, very few actually since I work during market hours. However, following the trades real-time is very educational. I did enter the ABX call if you recall, I rolled to July on that nonsense news that sent it tumbling. Out today for 110% gain (2.00 stop) not counting covering the loss from the earlier roll. Nonetheless, a good trade. Keep it up…. Thanks

    JFawcett

  • Phil - I LOVE these futures trades at random hours! I wasnt able to get in on the 612 part but if I had it wouldve been 130$ (2.6%) on a 5k contract in less than 30 minutes. I know you have to sleep, spend time with fam, ect but Im just letting you know that your posts after hours/late at night has made people who followed them a decent chunk of change. Thank you, we appreciate it!

    Jromeha

  • Against all prognostics (bears) Phil pointed in the morning the correct direction, and in middle of day he pointed the possible move to 2.5% Incredible… I'm starting to serious believe on the program trading and the human nature behind the programing those "trade-bots".

    Spider

  • Phil, you are the man. My positions in ABX and CLF are up massively this year, and doing very nicely with USO and UNG. TSR is another winner. Just waiting for the TSLA short now!

    Rookie IRA Investor

The thing you need to hear about inflation

 

The thing you need to hear about inflation

Courtesy of 

We don’t have the same economy as we had in the 1970’s. Thinking about inflation through the lens of the 70’s is incorrect. We have an economy built around intangibles and consumer spending, not metals, mining, heavy industry and manufacturing. Technology will remain a disinflationary force, perhaps the most important force in the economy.

Please listen to this very important explanation for why inflation will indeed be transitory from Viktor Shvets, a Managing Director at Macquarie, on the Odd Lots podcast with my friends Tracy and Joe. I am telling you that this is must-listen…

 





Which Way Wednesday – Dow 34,000 Edition (again)

Here we are again.  

After testing 33,900 last night, the Dow is back to 34,100 pre-market and we did spend April building a base at 34,000 so it should, at least, be bouncy.  If we look at this as being rejected at 35,000, it's a 1,000-point run so the weak bounce takes us to 34,200 and the strong bounce would be 34,400 – nothing less than that is going to impress us today and I don't think we'll even get to the weak bounce as sentiment seems to be shifting a little. 

Like Bitcoin or Dogecoin, it doesn't take much of a dip for the bullish investors to start to wonder if maybe they overpaid for their positions after stupidly chasing the price up 35% from the November lows.  Were the people who valued stocks in November all crazy?  Did none of them understand how awesome the earnings potential of these companies are?  

Well, we're in the middle of earnings season now and it's not that stocks are not hitting their estimates – it's more like they are disappointing the bulls who have bought into fantasies that are impossible to realize.  We are re-opening this year but it's already mid-May and things are certainly not "normal" by any stretch of the imagination so why would the market be worth 30% more than the 2019 average of 26,500 on the Dow?  

Did the economy grow 30%?  No, it did not.  Then where would these magic beans have come from that made this valuation beanstalk grow up to the clouds?  We all know the answer – it's stimulus.  There are not 30% more people in the World spending 30% more money with 30% more jobs – the opposite is closer to the truth after losing 3.3M people – roughly the population of Los Angeles.  Another 160M people in the World have been infected and the jury is still out on the long-term effects of covid and the long-term drain on our our heath system for people with chronic conditions.  

Out of 160M cases in the World, 64M of them are actively infected.  The World has never had more active cases at one time.  817,345 people caught covid Saturday and we are partying like
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US approves its first big offshore wind farm, near Martha’s Vineyard – it’s a breakthrough for the industry

 

US approves its first big offshore wind farm, near Martha's Vineyard – it’s a breakthrough for the industry

Building a U.S. offshore wind industry will require more than just fast-tracking permits. Christopher Furlong/Getty Images

Courtesy of Erin Baker, University of Massachusetts Amherst and Matthew Lackner, University of Massachusetts Amherst

The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change.

On May 11, 2021, the U.S. government issued the final federal approval for the Vineyard Wind project, a utility-scale wind farm that has been over a decade in the planning. The wind farm’s developers plan to install 62 giant turbines in the Atlantic Ocean about 15 miles off Martha’s Vineyard, Massachusetts, with enough capacity to power 400,000 homes with clean energy.

The project is the first approved since the Biden administration announced a goal in March to develop 30,000 megawatts of offshore wind capacity this decade and promised to accelerate the federal review process. To put that goal in perspective, the U.S. has just 42 megawatts today. Vineyard Wind expects to add 800 megawatts in 2023.

So, are we finally seeing the launch of a thriving offshore wind industry in the North America?

Several wind farm developers already hold leases in prime locations off the Eastern Seaboard, suggesting plenty of interest.

As engineering professors leading the Energy Transition Initiative and Wind Energy Center at the University of Massachusetts Amherst, we have been closely watching the industry’s challenges and progress. The process could move quickly once permitting and approvals are on track, but there are still obstacles.

Why offshore wind plans stalled under Trump

Vineyard Wind had planned to begin construction in 2019, but a ruling by the federal Bureau of Ocean Energy Management under the Trump administration stalled it. The ruling cast a shadow over other wind farm plans and hopes for an U.S. offshore wind industry.

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How Uber drivers avoided – and contributed to – the fate of taxi drivers

 

How Uber drivers avoided — and contributed to — the fate of taxi drivers

Why have Uber drivers been regarded more favourably than taxi drivers? Lexi Anderson/Unsplash

Courtesy of Kam Phung, York University, Canada; Luciana Turchick Hakak, University of The Fraser Valley; Madeline Toubiana, University of Alberta; Sean Buchanan, University of Manitoba, and Trish Ruebottom, McMaster University

Countries around the world are wrestling with whether to classify Uber drivers and other gig economy workers as independent contractors or employees.

But when Uber first came on the scene, the primary subject of debate was whether its drivers were, in fact, taxi drivers. Why was this ride-sharing or ride-hailing app run by a tech firm also applying to be a taxi company? Was Uber truly “the same as a taxi, but different?”

We’ve studied how Uber and taxi drivers have been affected by Uber’s categorization as a technology company. As organizational and management researchers at business schools from across Canada studying stigma, marginalization and inequality as well as entrepreneurship, innovation and technology, we became very interested in Uber’s entry into the taxi industry as we watched it unfold.

The CN Tower in the side-view mirror of a car

The CN Tower is seen in the side-view mirror of a car. (Daniel Novykov/Unsplash)

In Toronto, Uber was eventually legalized in 2016 after “months of protest and turmoil” and years of debate while it operated illegally.

But when we began studying Uber’s entry into Toronto, we noticed something concerning. There was increasing praise in the media for Uber and Uber drivers, but criticism and near-contempt for taxis and taxi drivers.

Kam Phung summarizes the study in his Top 25 Finalists’ video in the Social Sciences and Humanities Research Council’s 2020 Storytellers challenge.

How were two groups of people doing the same work every day — driving other people to their desired destinations — being perceived so differently? As one Uber driver told us in an interview: “I don’t see the difference…
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Televised Tuesday – Money Talk Portfolio Update

Down we go!  

As you can see from the chart, the Russell 2000 is almost back to where we were in March, which is only a bit above where we were in January, which may mean that all this rallying on nothing at all has been a huge mistake and people may be waking up and realizing that it's not just Dogecoin that's a hustle but the entire stock market bubble.  Are people beginning to realize that a truly good investment is one that returns profits that stay ahead of inflation over time and not just empty promises of an uncertain future?  Nah.

I must apologize to Elon Musk for pointing out yesterday that Tesla (TSLA) is also a scam – that stock hasn't stopped selling since and it's dropping like Dogecoin, back at the March lows in pre-market trading.  Aside from Mush admiting Dogecoin is "a hustle" on Saturday Night Live (see yesterday's report for full coverage), the catalyst for the sell-off is Tesla's very poor April performance in China (which accounts for 1/3 of TSLA's sales) with only 25,854 cars sold, down 27% from March AND they abandoned plans to expand the Shanghai plant – a sign TSLA doesn't see their sales bouncing back as electric car competition heats up in China (and globally).

At a recent Chinese Auto show, an unhappy customer clambered atop a Tesla to protest the company's handling of her complaints about malfunctioning brakes.  Videos that went viral showed a woman wearing a T-shirt emblazoned with the words "The brakes don't work" and shouting similar accusations while staff and security struggled to restore calm.  Police in Texas are investigating a fatal crash involving a Tesla Model S that hit a tree and burst into flames.  Rescuers found victims in the passenger and rear seat, not the driver's seat but TSLA claims the car was not on auto-pilot. Federal regulators are investigating the crash, and have a total of 24 probes underway of accidents involving Teslas operating on Autopilot.

All these were known issues with TSLA but that hasn't stopped people from buying the stock for as much at $900, close to $1Tn in market…
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Phil's Favorites

How America's partisan divide over pandemic responses played out in the states

 

How America’s partisan divide over pandemic responses played out in the states

The COVID-19 pandemic seems to have widened the partisan divide between Democrats and Republicans on health care. John M. Lund Photography/Getty Images

Courtesy of Julie VanDusky-Allen, Boise State University and Olga Shvetsova, Binghamton University, State University of New York

Throughout the COVID-19 pandemic, a ...



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Biotech/COVID-19

How America's partisan divide over pandemic responses played out in the states

 

How America’s partisan divide over pandemic responses played out in the states

The COVID-19 pandemic seems to have widened the partisan divide between Democrats and Republicans on health care. John M. Lund Photography/Getty Images

Courtesy of Julie VanDusky-Allen, Boise State University and Olga Shvetsova, Binghamton University, State University of New York

Throughout the COVID-19 pandemic, a ...



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Zero Hedge

Antimony: A Mineral With A Critical Role In The Green Future

Courtesy of ZeroHedge View original post here.

If someone asked you to name the first mineral that came to mind, odds are, it wouldn’t be antimony.

Yet, despite its lack of fanfare, Visual Capitalist explains below just how significant a role it plays in our day-to-day lives.

This graphic from Perpetua Resources provides an overview of antimony’s key uses, and the critical role it plays in the movement towards clean energy, amo...



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Digital Currencies

Tesla Suspends Bitcoin Payments Over "Concerns About Environmental Impact"

Courtesy of ZeroHedge

After announcing plans to accept payment for Tesla's cars in bitcoin back in February, Tesla CEO Elon Musk has just announced via tweet that the company will suspend bitcoin payments over concerns about the environment.

As perhaps the biggest booster of bitcoin in corporate America, Tesla announced during its Q1 earnings report released last month that it made a $272 million profit selling some of the bitcoin it had purchased on the company's balance sheet. Earlier this week, Musk joked about the possibility that the firm might accept Doge for payment.

In a note published on Twitter, Musk wrote that while he is still personally a believer in the crypto currency, Tesla has become concerned about the role of fossil fuels in bitcoin minin...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Sunday, 22 November 2020, 05:47:49 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Bitcoin ambitions ...



Date Found: Sunday, 22 November 2020, 05:48:34 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: PMI juiced back up ...



Date Found: Sunday, 22 November 2020, 05:49:42 PM
...

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Politics

If China's middle class continues to thrive and grow, what will it mean for the rest of the world?

 

If China's middle class continues to thrive and grow, what will it mean for the rest of the world?

Over the past few decades, hundreds of millions of Chinese citizens have become part of the middle class. AP Photo/Ng Han Guan

Courtesy of Amitrajeet A. Batabyal, Rochester Institute of Technology

China’s large and impressive accomplishments over the past four decades have spurred scholars and politicians to debate whether the decline of the West – including the ...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Kimble Charting Solutions

Will Historic Selloff In Treasury Bonds Turn Into Opportunity?

Courtesy of Chris Kimble

Long-dated treasury bonds have been crushed over the past year, sending ETFs like TLT (20+ Year US Treasury Bond ETF) spiraling over 20%.

Improving economy? Inflation concerns? Perhaps a combination of both… interest rates have risen sharply and thus bond prices have fallen in historic fashion.

Today’s chart looks at $TLT over the past 20 years. As you can see, the recent decline has truly been historic. $TLT’s price has swung from historically overbought highs to oversold lows.

At present, the long-dated bond ETF ($TLT) is trading 7.8% below its 200-...



more from Kimble C.S.

Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider





About Phil:

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...

Learn more About Phil >>


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Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.