$2,000 Tuesday – Netflix Earnings Give Us a Big Win on Nasdaq Shorts

Wheeeee!

That's the way to play earnings!  In yesterday's Morning Report we called for shorting the Nasdaq (/NQ) Futures at the 7,400 line in hopes that Netflix (NFLX) would disappoint and take down the index and that's exactly what happened.  Nasdaq Futures contracts pay $20 per point so the 100-point drop paid $2,000 for each short contract – not bad for a day's work and, of course, our other index contracts were also winners:

  • S&P (/ES) short at 2,800 fell to 2,792 is just 8 points at $50 per point for gains of $400 per contract.
  • Dow (/YM) short at 25,000 fell to 24,960 and 40 points at $5 per contract gained $200 per contract
  • Russell (/RTY) short at 1,690 fell to 1,675 and 15 points at $50 per point was a gain of $750 per contract.  

And, of course, our Netflix (NFLX) short play will be doing very well this morning as that stock dropped $50 (12.5%) on disappointing subscriber growth and we could see that coming a mile away as no stock is likely to justify 250x earnings – even in the best conditions and we simply didn't see the current economic conditions (rising oil prices, economic slowdown, political turmoil) as a good recipe for continued super-bullishness on NFLX. 

There is, however, still time to initiate our bullish earnings trade on Sketchers (SKX) as detailed in yesterday's Report.  That stock finished right at $31.07, down 0.22 for the day despite our bullish pick – but what do we know?  Speaking of what we know, my comments were featured in Investing.com's weekly commodity outlook and that led to yet another $2,000 per contract day's gain on Oil (/CL) Futures shorts at the $70 line – which is a follow-through from our $5,000 per contract gain from our original call to short oil at $75 on July 3rd (nailed it!).

Though we have a longer-term target of $65, we're now using our Ultra-Short Oil ETF (SCO) play to cover that, not the Futures.  Our goal in the futures, as noted
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  • Phil - DIA 107 Calls. As suggested I am taking the money and running to home depot for some shelter supplies! This is the grand finale of several successful trades from you through this roller-coster and as you have further suggested it is time for me to sit back and relax in cash. May even be able to talk my wife into the premium membership after these intelligent trades in a stupid market.

    DOStrade

  • 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

  • Its been a "perfect" month. Every stock I wrote calls against looks like it will be called away next week, every put I wrote will expire worthless. Thanks Phil, now I need some new buy/write candidates, or the new 100K portfolio….

    Barfinger

  • I must add yet another paen to Phil's "cash and short" call, as my TZA shorts are past paying for Similac and Pampers and have now covered all doctors and Mt. Sinai hospital bills for young Charlotte, as TZA took the portfolio up 10%.

    Zeroxzero

  • I have been here a year, and made most of my money back from the 14K fall. The people here are more than willing to help whe Phil cannot get to it. FWIW - This site is my brokerage firm, I was with Wells Fargo Portfolio and it was costing a fortune to trade, the costs here are more than offset with the data, trade ideas and profits you should make.. and I get a chuckle out of Cap and Phil's rantings on healtcare, guns, oh, yeah, and government….

    Pharmboy

  • Gel1…..I've been here 6 months, mostly watching and learning. Lots of smart people on the site and I've learned a lot from Phil and many others. //// Inflan - I have to trump your sentiments regarding the wisdom of the board. I have to thank Phil and the many contruibutors for a 80% profit for 2009. I have learned a lot and am still learning ( even occasionally about political issues - ha! )

    Iflantheman & Gel1

  • Peter D, Just a note of thanks. Eight weeks ago, I entered my first RUT strangles, when the RUT was at 625. Tomorrow, I will let them expire, with the RUT at 625 (give or take). I didn't care when the RUT went to 650, nor when it dropped to 590. Easiest, no touch money I've made in a long time.

    Judahbenhur

  • 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

  • Boring trading – Phil/ Thanks to PSW, my yearly covered-writes are on pace for 15%. Add the long puts and well over 20%… and I look at it once a day and never lose sleep over it. Actually doing better than my trading account at this point (Thanks, summer 2013) Anyway, the point is that anyone with enough money would be wise to do the 20% – 40% stuff and do trading as a hobby…

    Arivera

  • Fed days are fun! Just for grins I decided to see how much money I could make in two clicks. I bought DIA calls right when the surge started and then sold them the minute they hit my account. Net gain of 20% in 20 seconds. Can't do that very often…

    MrMocha

  • I am an investor, not a trader. The information at Phil's World is top-notch and always relevant. It is great to see your website thriving.

    Prof

  • On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.

    Iflantheman

  • Phil: Thank You! Scaling, Scaling, and Scaling… then patience, patience, patience I'm 2 to 1 short and even on a day the broad market is up I had my largest one day gain in years. The last 6 weeks in fact have been great. I really feel I've learned to use some tools that will enable me to deal with the turbulence ahead. Selling short calls is definitely my preferred approach. Even allowed me to play golf this afternoon while the premium melted away and shoot a career low round. I owe you man!

    Lincoln

  • Phil, I followed your investing ideas in LTP quite closely. It seems your insightful fundamental analysis knowledge serves you v. well. I get entertained and they are profitable.

    Investwizard

  • Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours. Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading "professional newsletters" and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!

    Eyezz

  • I have been very fortunate over the years as an investor. Last year was on of my best in terms of percentage gains. I have to attribute much of this success to my membership in PSW which gave me the best education available anywhere when it comes to the understanding of option trading , discipline and general trading strategies. I will be forever grateful to Phil and the many "highly skilled" traders that have offered their advice.

    Gel1

  • Thanks, I managed to make 2k today so I am happy…and feel like I am finally getting it. New equipment and a quiet place to work helps a lot. I am happy for all the members that took your /NKD advice….that was fun I am sure! coke Take your vitamins…I don't know how you do all this! but, keep it up!

    Coke

  • Phil, did you by chance publish the weekly webinar on Youtube yet? I have been watching these and they are awesome. Unfortunately, I can't cut out of work to attend live webinars. Again, they are just awesome content – thank you.

    jcpdx

  • Once again, many muchos for the SODA trade of last week. Finally out of all three legs. I didn't want to wait for expiration tomorrow and the possible peg at $70.00, following your dictum to not get greedy.

    flipspiceland

  • Best day ever trading the futures, thanks to Phil's excellent call this am, and his "play the laggard" instruction. Well done Phil!

    Deano

  • Thanks Phil for helping make this a much, much better year this year than last. Your tutelage has been so very helpful. Don't think I can say Thanks enough. And I thanks all the members here who were work hard in helping us all to become better traders, and I would say better people as well. The support many of you offered when we evacuated during the fire this past year helped me immeasurably. Happy New Years to you all!

    JBur

  • 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

  • Nice intraday trading calls this week Phil. You have me hooked on trading SPY options analogously to your DIA moves. I paid some tuition the last few weeks but I think I have the hang of it. Don't be greedy and be happy with 0.05 to 0.10 and sometimes you're lucky with much bigger moves. Thanks for the training!

    TmDecay

  • Great call on expe Phil! Went long 50 shares and sold for a nice profit! And Great call on the nkd shorts as well. I didn't use a stop that tight and was able to cover for a $400 gain. Works been keeping me pretty busy and I'm jealous of all the members who are able to check in here more often! It's almost always quite profitable! Looking forward to Vegas!

    Jromeha

  • Phil: UNH, hedged stock position, doing great, up over 50 %,

    RMM

  • I have been trading for quite a few years and in good years made about 25%. After joining PSW, I followed closely the PSW strategy and my trading profit for this year is close to 70% to date. For fun, I like to mix in a few "Hail Mary" plays that really worked out well, but overall the simpler Buy/Write strategy, as presented by Phil so often, created the majority of the profit.

    Gel1

  • Phil - I am 3 month follower and shout a big thanks for all the good advice and training. I read all the materials and posts as suggested. I am retired CFO and took over my investments 2 years ago from broker after frustration with returns. I followed some conservative advice for retirees and have 60% bonds currently in a 5m portfolio. I had been doing covered calls on my stocks to boost returns and slowly am getting more aggressive after following your site and my son who has been with you for 6 months. I allocated 1.5m to stocks and am scaling up from 30%. I did some of the trades suggested in early June using Aug & Oct buy/writes on CSCO, WMT, MON, WFR, DO in addition to calls on XOM, CVX, PEP, PG, WM, T that I owned. Most are doing very well (4-24%) in 60 days. My good problem is that instead of getting longer, I will be making 6% quickly (50% plus annualized) and getting called away on many positions. What would you advise for getting long again. Thanks again for such a great job advising all of us!

    TXChili

  • Peter D: great write-up for Short Strangles, Part 1, looking forward to Part 2, particularly the adjustment part.

    RMM

  • I am not a user of phil's site now, but was for a couple years. His advice and information is excellent. Perhaps even better, you get access to real-time trades of additional traders on his site (OptTrader, etc) and the other members who post what they are buying and selling. Overall, its a very valuable information tool. Expensive, but paid for itself many times over. I did not renew my membership because I switched jobs and did not have time to trade nearly as much.

    XRTrader

  • What a great post today, Phil. A veritable feast of ideas! I've been reading your posts for years and have modeled my whole trading style after yours. You should be taking 2 and 20 off of me at this point ????

    Jablams

Tech stocks contributed 98% of the S&P 500′s 2018 gain

 

Tech stocks contributed 98% of the S&P 500’s 2018 gain

Courtesy of 

The S&P 500 is up 2.6% year to date through the first half and technology stocks have contributed approximately all 2.6% of it.

Just a few large tech stocks in particular.

Savita’s equity and quant group relays the following:

Only three sectors outperformed in the first half On a total return basis, Discretionary +11.5%, Tech +10.9% and Energy +6.8% beat the market. Energy was 2Q’s best-performing sector (+13.5%) after turning amongst the worst returns in 1Q. Tech was the single-biggest contributor to the S&P 500’s 1H gain, contributing 98% of the S&P 500’s total return. Excluding FAANG, the total return would have been negative (-0.7%) in the 1H. Staples (-8.6%) and Telco (-8.4%) were the worst.

and a pair of charts illustrating this:

Josh here – Now, of course, every bull market has its leadership stocks. This one is no different, albeit the concentration at the top is fairly high because of the sheer size of the companies’ market caps we’re talking about.

But another leadership area thus far has been the small caps – the Russell has made new highs repeatedly, owing to an investor preference in US-focused domestic stories and the continued strength of the dollar this year.

So there’s more going on here, it’s just been tremendously overshadowed.

Source:

1H18: good micro, bad macro
Bank of America Merrill Lynch – July 16th, 2018





Monday Market Movement – Trump has his First Debriefing

President Trump is meeting his handler this morning.

It's a private meeting, of course, and whatever goes on from there we will only know from what Trump and Putin say about it but, fortunately, both men are well-known for giving the public faithful accounts of their actions behind closed doors, right?  According to protocols, however, Putin at least should have a report and maybe one day we'll get to see it.

Futile though it's been, we're taking another whack at shorting the Futures this morning as noted in my 7:21 note to our Members:

On the whole, I still like the short side and we'll be looking to cash a lot of positions in our portfolio reviews.  /NQ below 7,400 (tight stops above for all) is good as is, /YM 25,000, /ES 2,800 and /RTY 1,690 – 3 below and short the laggard is the safest way to play but I'm hoping NFLX disappoints and hurts the Nasdaq and, of course, it's time for negative AAPL rumors!  

Powell testifies before Congress for the first time tomorrow – that's a biggie.  June Retail Sales this morning, Industrial Production tomorrow, Housing Wednesday and the Beige Book and NY and Philly Feds this week too!  So plenty of data to chew over.

TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, JULY 16
8:30 am Retail sales June   0.5% 0.8%
8:30 am Retail sales ex-autos June   0.3% 0.9%
8:30 am Empire state index July   -- 25.0
10 am Business inventories May   -- 0.3%
TUESDAY, JULY 17
9:15 am Industrial production June   0.6% -0.1%
9:15 am Capacity utilization June   78.3% 77.9%


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The Debt Train Will Crash

 

The Debt Train Will Crash

Courtesy of John Mauldin, Mauldin Economics

We are approaching the end of the debt Train Wreck series. I’ve spent several weeks explaining why I think excessive debt is dragging the world economy toward an epic crash. The tracks ahead are clear for now but will not remain so. The end probably won’t be pretty. But there’s good news, too: we have time to get our portfolios, our businesses, and our families prepared.

Today, we’ll look at some new numbers on just how big the problem is, then I’ll recap the various angles we’ve discussed. This problem is so big that we easily overlook key points. I hope that listing them all in one place will help you grasp their enormity. Next week, and possibly a few after that, I’ll describe some possible strategies to protect your assets and family.

Before we go on, let me give a quick plug for Over My Shoulder. We rejuvenated this service a few months ago and it’s working even better than expected. Having Patrick Watson co-edit with me has been a big help. We’ve worked together, on and off, for 30 years now so he knows how I think. Between us, we have sent subscribers tons of fascinating economic analysis from my best sources—most of which you would never see otherwise. You get both the original item and our quick-read summary.

At just $9.95/month, Over My Shoulder may be the best financial research bargain out there, if I do say so myself. Click here to learn how you can join us.

Now on with the end of the train.

Off the Tracks

Talking about global debt requires that we consider almost incomprehensibly large numbers. Our minds can’t process their enormity. How much is a trillion dollars, really? But understanding this peril forces us to try.

Earlier in this series, I shared a 2015 McKinsey chart that summed up global debt totals. They pegged it at $199 trillion as of Q2 2014. Note that the debt grew faster than global GDP. Everything I see suggests it will go higher at an ever-increasing rate.


Source: McKinsey Global

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Why trade wars can be perilous: 5 essential reads

 

Why trade wars can be perilous: 5 essential reads

File 20180712 27012 142av7h.jpg?ixlib=rb 1.1

Kentucky bourbon is among the products targeted with retaliatory tariffs by the EU. AP Photo/Jeff Chiu

Courtesy of Bryan Keogh, The Conversation and Nicole Zelniker, The Conversation

Depending on whom you ask, the odds of the United States winning its trade war with China and the rest of the world is either probable, possible, unlikely, out of the question or irrelevant.

Economists generally agree, however, that American consumers and most companies will be hurt, particularly if it continues much longer.

One early estimate, based on the tariffs so far, suggests that President Donald Trump’s trade dispute will cost the U.S. approximately 250,000 jobs and $210 per family. And the companies whose products are now more expensive to export to Europe, China or elsewhere – such as soybean farmers and motorcycle makers – are feeling badly squeezed.

Amid the escalating threats and retaliations by a host of countries across the world, it’s easy to get lost. To better understand the issues at stake in a trade war, we turned to articles from our archive.

1. What is a tariff?

A tariff, according to Amitrajeet A. Batabyal, a professor of economics at the Rochester Institute of Technology, is simply a tax levied on an imported good. By making that good more expensive for American consumers – whether individuals or companies – it hurts the foreign manufacturer, while benefiting domestic producers of the same product.

Historically, tariffs were used to raise revenue, he writes. That’s how the U.S. raised most of its revenue until formally creating the income tax in 1913. “The main purpose of a tariff these days tends to be about protecting particular domestic industries from foreign competition, alongside raising revenue,” he explains.

The problem is they usually make a country worse off than before. Small countries always suffer as a result of imposing tariffs. Larger nations, like the United States, can make gains in the short run, but their tariffs ultimately push other countries to impose their own, as we see today, and everyone is worse off than before.

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John Rubino: Debt, Crisis and Reset

 

John Rubino, former eurodollar trader, equity analyst and junk bond analyst and current freelance writer discusses his thoughts on debt, investing and the future with Ilene at Phil's Stock World. John is the author of Clean Money: Picking Winners in the Green Tech Boom, How to Profit from the Coming Real Estate Bust, and Main Street, Not Wall Street, and co-author with James Turk of The Collapse Of The Dollar and The Money Bubble. Stay up-to-date with John's timely, insightful articles on the markets and the economy at DollarCollapse.com.

 

John Rubino: Debt, Crisis and Reset

 

Ilene: In that you see a financial meltdown in our future, how far away do you think it is?

John: This is a “when” rather than “if” crisis so timing is really the big question. But I might not be the best person to ask because I’ve been expecting the end of the fiat currency/fractional reserve banking world for over a decade. James Turk, with whom I co-wrote “The Collapse Of The Dollar” back in 2004, likes to tell the story of how we rushed to finish the book because we were afraid the system would implode before we got to print. And here we are, a decade-and-a-half later, with the world still taking on insane amounts of debt and financing it with a tsunami of new currency. 

Still, a lot of accumulating signs do seem to imply that we’re near the end of this cycle, if not the credit super-cycle that began after WWII. Debts in every sector of every major society have risen beyond what history and common sense would view as sustainable levels. Capacity constraints are starting to emerge in at least the US economy, meaning that wage inflation is going to force the Fed to raise rates a few more times, even as past rate increases are causing emerging markets like Argentina, Venezuela, Brazil, and maybe even China to descend into credit-driven crises.

So it could be soon. Watch those emerging markets, along with developed world bonds and stocks. When turmoil becomes wide-spread we’ll discover that there are huge air pockets under the prices of many high-flying stocks and bonds. When they tank they’ll take the rest of the global…
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Phil's Favorites

Happy 50th birthday Intel, you look a lot like the next Kodak

 

Happy 50th birthday Intel, you look a lot like the next Kodak

Chipped china? The Daily Exposition, CC BY-SA

Courtesy of Howard Yu, IMD Business School

I am easily a ...



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Zero Hedge

The Five Pillars Of The Looming Debt Default

Courtesy of ZeroHedge. View original post here.

Authored by Tom Luongo,

Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019.  But, what do I mean by that?

How does a sovereign debt default come about? And who will default?

There are a staggering number of factors that feed into this thesis but, for me, to keep it simple it comes down t...



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Insider Scoop

David Solomon To Succeed Lloyd Blankfein As Goldman Sachs CEO On Oct. 1

Courtesy of Benzinga.

Related GS A Peek Into The Markets: US Stock Futures Edge Lower Ahead Of Goldman Sachs Earnings 8 Stocks To Watch For July 17, 2018 ...

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

Digital Currencies

Think carefully before buying Bitcoin - and don't buy the 'safe haven' claims

 

Picture via Pixabay

Think carefully before buying Bitcoin – and don't buy the 'safe haven' claims

Courtesy of Lee Smales, University of Western Australia

The sharp rise and subsequent fall in Bitcoin’s value places it among the greatest market bubbles in history. It has outpaced the 17th-century tulip mania, the South Sea bubble of 1720, and the more recent Japanese asset price and dot-com bubbles.

The rapid price rise garnered attention from an increasing number of academics and investment advisers. Some have suggested that Bitcoin imp...



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Biotech

How summer and diet damage your DNA, and what you can do

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

 

How summer and diet damage your DNA, and what you can do

Bright sun and fatty foods are a bad recipe for your DNA. By Tish1/shutterstock.com

Courtesy of Adam Barsouk, University of Pittsburgh

Today, your body will accumulate quadrillions of new injuries in your DNA. The constant onslaught of many forms of damage, some of which permanently...



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Chart School

Week Finishes in Tech and Large Caps Favour

Courtesy of Declan.

Large Caps and Tech indices enjoyed a good week with breakouts holding by Friday's close. There was no real volume on the breakouts but new highs leave markets in a position to attract sideline money.

The S&P didn't do a whole lot on Friday but it remains on course to test channel resistance. Technicals are all in the green and the previous period of underperformance against the Russell 2000 looks to have shifted back in Large Caps favour.


The Nasdaq didn't quite convince on its break...

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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...



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OpTrader

Swing trading portfolio - week of September 11th, 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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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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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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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>