Archive for 2006

What are our Goals?

Well, when I said “Bad Iran!” the other day I predicted it was going to be a harsher punishment than the UN would deal out on Thursday (the “deadline”). Looks like I’m even at least two weeks ahead of them now: As a parent, I know that giving my kids a “deadline” and then being told “no” ahead of the deadline, telling them I’m serious about the “deadline” and then, at the “deadline”, showing up in my kid’s room (Kofi went to Iran on Saturday) and saying we’re going to have a big talk about this in two more weeks… Let’s just say it isn’t the best way to change their behavior. Here’s a little something I found that may be good advice for both Kofi and George Bush: In order for something to be a goal:

  • It has to be important to you, personally.
  • It has to be within your power to make it happen through your own actions.
  • It has to be something you have a reasonable chance of achieving.
  • It must be clearly defined and have a specific plan of action.

Number 4 is where it all seems to fall apart for these guys. One of the reasons the UN is in Iran this weekend is for “clarification talks.” If we back up and look at these goal points relating to Iraq we find perhaps “It” was important to us (US) personally, that “It” was within our power (although hard to tell with all the not winning we are doing for the past 3 years), “It” was something we had a reasonable chance of achieving but, back to #4 – I can’t for the life of me tell you what “It” actually is… Just like a company, this country needs to have a mission statement. “Mission Accomplished” is not a mission statement, nor is “Desert Storm” or “Iraqi Freedom” (as they generally want to be freed from us). To be fair, the government does try to sort of have a game plan, as can be seen in the latest White House release on the subject: In his radio address this week, as he often does, Bush said: “Yet this war is more than a military conflict; it is the decisive ideological struggle of the 21st century. On one side are those who believe in freedom and moderation — the right of
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Weekly Wrap-Up

Not bad for August! The markets were strong all day as oil dipped and other economic indicators support my bumpy landing theory. The Dow breezed through 11,400 but the Nasdaq did a double tap at 2,200 with no success: The S&P shot right past 1,310 and then promptly used it as support, a really good sign: The NYSE also tested support, but at our breakout level of 8,400 and promptly ran up to test 8,450: Oil fell to $69.19 and perhaps the early close of the NYMEX caught our pumper off guard as oil plunged a dollar into the close: Having fallen from last Friday’s close of $72.50 one could say that stoping at $69 today was simply the 5% rule kicking in for the week – not bullish at all! Gold pulled back to $632 which was a good finish after being down as much as $7 on the day. Wow, we actually hit a missle with another missile today! That’s a big thing if they can work out the bugs that have plagued it in the past. This may be more money for BA than the shuttle is for LMT! ===================================== I don’t regret getting out yesterday, although there were many stocks up today there was nothing very spectacular as most gained just a little ground while waiting for the big boys to come back and trade next week. Think of it as primping up for the big dance… Our week went very well and we had a lot of winners and are left with no September calls or oil puts left (other than CHK and ECA) with 9 more days until expiration: ABX Oct $32.50 puts held $1.10 (up 10%) in day 2 and will be a big gamble into the weekend. ADZA picked up another 1% today but I’m bored with it at $17.16 (up 8%). We got out just in time on ANN $40s at $1.05 (up 30%) yesterday! AXA $35s were exited at $2.50 (up 85%). The BHP Oct $45s never stopped out and I forgot them at .85 (up 20%). I really meant to be out of these! BJS $32.50 puts Valero’d out at $1.30 (up 40%), not too shabby for 3 hours… BNI Oct $70s are still $1.65! We took the BP $70 puts in comments at $2.15
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Friday Morning

You can’t take anything that happens today seriously. We got out of the market yesterday ahead of this madness but I wouldn’t put too much stock in today’s moves as they are very likely to come on low volume as trader after trader bolts for the door until maybe 3 guys are left at about 3 pm. It’s a great day for manipulators to step in and flush stops or try to spruce up some charts by forcing some interesting candles or “major breakouts,” which is why volume confirmation is always key with charts. It SHOULD be a good day and perhaps we will break out but we need to just sit back and watch the fun today or, better yet, take the day off and relax – we certainly earned it this week! Asia was mixed on their last day of trading but they have to work on Monday. Europe is up as the ECB holds rates steady at 3%, should be good for the dollar… We’re going to test all our tops again this morning and, if they hold, we could be off to the races on Tuesday but I’m going back to my mantra: If it’s a real rally, I’m not going to miss anything by sitting out the first day. Oil must fall below $70, below $67 really, in order for industrials to prosper. Copper must come down below $3 for the building to get back on track. Gold has to get back below $600 to signal that all is well (or as well as can be expected) on the terror and inflation fronts. 22 Bombs exploded within 5 minutes of each other at commercial banks in Southern Thailand. You may not even hear about it in today’s news because we are such a ridiculously self-centered society. Over 1,400 people have been killed in just 2 years as Islamist rebels are trying to drive out the local population (kind of like Afghanistan was/is). According to the WSJ: “Drive-by shootings targeting police officers, teachers and Buddhist monks are now commonplace in the south.” The bombings occurred at 11:30 am and the Thai markets were flat for the day – It’s amazing what you can get used to! We got a good but not great jobs number 128,000 jobs numbers with a slightly higher 4.7% unemployment figure which had better move the markets. Average hourly earnings are up…
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Just a Few Miner Adjustments

We like to think we live in an age of information yet the BHP ticker showed no events as of 2 am while this was in the Australian newspapers at 9:15 am (either 9 or 10 pm on the correct side of the planet). This is critical news! That is why I always go direct, the gathering agencies are spottier than you think…,23636,20323731-31037,00.html OK, this is a complicated play now – BHP initially had a strike because they were making obscene amounts of money and hadn’t given the workers a raise in years. They ended up giving them like a dollar each so there should be a relief rally on BHP, which missed out on yesterday’s miner rally that was caused (as predicted by me) by JOYG’s great earnings. So the BHP Oct $45s for .75 are the way to go but this is a short-term trade that hedges our PD $85 put for $1.20. The initial exuberance over great mining activity is all well and good and the miners will have a great quarter as they SELL SELL SELL whatever it is they mine. But commodities traders are much smarter than stock traders and they will realize that if miners are all breaking revenue targets, then they are pulling too much stuff out of the ground. Look how crazy Glamis was going – they were looking to double production. We talked about WDO last week and how they were trading down as they were already pulling more gold than they were selling: Economics 101: If global gold production is 85 million ounces per year and global demand is roughly the same (LME says they have plenty) then you can’t have companies like Glamis ramping up production from 500,000 to 700,000 ounces of gold while Newcrest also adds another 500,000 ounces etc… Just look at these figures on China Gold Group! LOL, just kidding – it’s the weekend! Seriously, their production is up huge as well (and they had 10M site visitors, very impressive). So just like OPEC must reign in rogue producers who can flood the market trying to dump their oil, so must the major miners, like Goldcorp, reign in the up and coming miners like Glamis, Zijin, or worse, Newcrest (who produced 500,000 more ounces in ’06 yet again, a triple from ’04) to prevent them from flooding the market with
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Is the NYMEX Being Manipulated?

The question is not is the NYMEX being manipulated… The question is how much is the price of oil being manipulated?

We discussed the other day that the Commodities Futures Modernization Act took regulatory oversite of the oil markets away from every exchange but the NYMEX:

On that basis, it is the NYMEX that is quoted on CNBC and pretty much everywhere else the price of oil is being discussed.

What you usually see quoted is the October Light Sweet Crude contract which peaked at $79.86 on 7/14, fell to $68.65 yesterday and made a spectacular recovery to $70.36 today. We rolled into October on the 25th where oil was held up to $72.50 and quickly fell off the table the next day.$WTIC&p=D&yr=0&mn=1&dy=0&id=0

What you don’t see is the November contract which peaked at $79.25 on 8/6 and dropped to $71.23 with no magic bounce. Or the December contract which peaked at $79.75 on 8/6 and finished the day at $72 with no bounce or the January contract which peaked at $80.35 on 8/6 and finished the day at $73.02 with no bounce or the February contract which peaked at $80.20 and finished the day at $73.61 with no bounce or the March contracts which finished at $74.08.

So, it doesn’t apparently doesn’t pay to manipulate the contracts the public can’t see! In fact, as you can see from this graph (sorry it’s not a good one) , it didn’t pay to pump up the October contract until the afternoon of the 25th, just as the contracts were rolling over.

Aren’t you happy this huge show is being put on just for you? There is also an alarming lack of interest in the February and March contracts. Open interest in October is 220K, Nov-Jan about 100K, which is normal but Feb interest falls off its own cliff to 22K, even less than March’s 29K interest. This is less than 2 day’s worth of oil that is being ordered in Feb and March at $74 per barrel!

By the way, do you know how much you can buy oil for in Dec 2012? $67.38 for guaranteed delivery of as much oil as you want. Where is T. Boone Pickens? This is 5 years past his peak oil $200 prediction, he should have a Billion contracts at this price…
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Thursday Wrap-Up

I’m out!

You have to have rules and you have to follow those rules so I’m out of almost all my current month longs.

The Dow broke 11,400 early on and didn’t seem to like that one bit, came back in the afternoon, tried again and failed:

The S&P did the same with 1,305, the Nasdaq didn’t even get near 2,200 while the NYA touched 8,400 at the end of the day and failed.

I took advantage of the end of day spike to get out of pretty much everything…

Oil once again found a very excited buyer who showed up at 1:30 and just had to have as much oil as possible – driving the price up .75 in 40 minutes! Oil closed for the day up .23 at $70.36 and, as I said this morning, will probably hold $70 over the weekend.

Natural gas, down 60% from its highs, dropped another quarer to $6.05 yet somehow CKH is still in rally mode! Needless to say, I held on to that one…

Gold made another nice move today as the traders are thrilled to have a significant miner taken off the field. Even against a strong dollar, gold finished up $8 at $634 but until it breaks $650 again, we won’t be impressed. I was sure enough that this was a pointless move up that I took the ABX Oct $32.50 puts for $1 in comments.


One of the benefits of going to cash is that you have the ability to jump on news. At 3:55 this story crossed the wire:

I’m pretty sure it was a mistake to release it before the close because $8Bn is a market moving order! I jumped on the LMT $85s for .45 and got them right at the bell so wish me luck!


There was no buy signal and, as I said, this was more of a day for getting out than in. I did pick up the MRVL’s, NOKs and some ABX puts but that was it (and so far I shouldn’t have done those either!).

We never got a shot at the HET October $60s as they opened way too high but the Jan $65s are almost in the money at $3.50 (up 95%). Resistance is at $64 and I’m ready to take it off the…
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Thursday Morning

My weekend starts as soon as we start pulling back.

We might not pull back (see earlier article), we should not pull back but if we do then I will take the money and run…

It’s been a good week, we have a lot of winners and there is no reason to push our luck into the long weekend. Also, options expiration (9/15) will be upon us quickly after the weekend so no sense in letting things deteriorate if we don’t have to!

Despite my earlier bearish article on gold and bullish article on the markets (below) I’m still concerned that we may be short-term overbought without more of a commodity pullback. The combination of $70 oil and $340 copper is not a recipie for a rally. We need another 10% pullback on each before I think the timing is right for a proper breakout.

The European economy is looking fairly strong but Japan is slowing slightly. Bernanke will break the tie today and I’ve already given him the go-ahead to use my “outsourcing is good for the global economy” speech in case he wants to get radical but he might wimp out and go with the “shifting global paradigm” we discussed last weekend.

So, needless to say, we will be watching our technicals very carefully. I’d rather wait to see what the big boys do when they get back from vacation on Tuesday than place heavy bets trying to guess next week’s direction.

Oil over $70 is as much a sell signal as any of our market technicals. Today is a day we want to see breakouts and, as I said, I will be getting out if we fail to do so:

  • The Dow is just under 11,400 and if my 12,000 call is going to come true by the year’s end, now would be a good time to break up!
  • I said on Tuesday that “the S&P will have a hard time breaking 1,305″ and it has been torture so far but we did get a little peak yesterday.
  • Also on Tuesday I said “The Nasdaq may top out at 2,200 on this run, anything above that is uber bullish.”
  • The NYSE also bounced right off my 8,400 mark yesterday and, as I said before, the markets are just not strong enough to rally without breaking this level.

It’s going to come…
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Everything Old is New Again!

Here’s one for the Prof: Raymond James analyst Rick Murray said “Homebuilding stocks are currently trading at about 1.2 times book value, which is “far above where valuations have troughed in past cycles. During the housing crash of the late 1980s and early 1990s, valuations fell to 0.6 times book value.” Home construction did in fact fall 9.8% last quarter, the biggest decline since 1995, yet consumer spending, which is 65% of the economy, rose 5% over last month. This is another pin in the Consolation Prize Theory and another indicator that things may not be as dire as they seem. What else happened in 1995? Here is a chart from Jan 1993 to Sept 1994 when the housing boom of the early 90s was coming to an end:^GSPC;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= Notice how TOL was a typical builder at the time, they had a great run (all the way to $5 a share!) and fell off a cliff that Spring:;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= Look familiar? Yep, it’s almost exactly like TOL’s current chart (only x 10)!;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= So what about the S&P you may ask? Cue eerie music and reveal… THE SAME CHART:^GSPC;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= This cannot be you say! History cannot repeat itself to such an extent. Surely the commodity run we are now having is unique… Here is PD 1993-5:;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= Here is PD 2004-6:;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= NEM ’94:;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= NEM ’06:;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= Nope, apparently we’ve been there and done that too. How about the majors? KO ’94:;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= KO ’06:;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= BA ’94:;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= BA ’06:;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= CAT ’94:;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= CAT ’06:;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= You get the idea. So everything old is new again. Will the housing slowdown kill the economy? Everything in 1995 looked pretty overbought and primed for a crash, home inventories were out of control and the Fed was just winding down a loose money cycle that had dropped prime rates from 10% in 1990 all the way down to 6% in 1992 where it remained until March of 1994. From March of 1994 through Feb of 1995 the Fed, determined to put the brakes on the housing market, raised rates 3% in just 6 moves, driving prime all the way to 9% in the summer of 1995. Rates remained between 8 and 9% through Jan of 2000. Well, that certainly sounds like a recipe for disaster doesn’t it? Runaway commodity pricing, home builders collapsing, high rates… What did the…
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Can Gold hold $600?

Tomorrow is a benchmark day for gold as traders have been counting on a crisis in Iran to maintain the fear premium (approximately $100) that has been slowly working its way out of the commodity since it peaked at $730 on May 12th.

This fear premium, skillfully maintained by oil traders as they pump their little commodity for all its worth, has been undeservedly bestowed upon gold even though there is no threat to the gold supply.

The fact of the matter is there is simply too much gold coming out of the ground and if speculators stop snapping it up, we will move quickly into a glut.

World Gold Council reports show that supply hit 1,045 tons in Q4, 15% more than in Q3 while demand decreased from 891 to 850 tons. Much like the USO ETF, had it not been for the GLD and similar funds, which took possession of over 158 tons of gold in Q4 alone, close to 300 tons of unwanted gold would be finding its way onto the spot market.

Jewelry demand is down to 590 tons, the lowest since 2003 when gold was fetching just $350. Jewelry accounts for 71% of total global demand for gold! This is why strong GDP data trumped falling interest rates to give gold a small boost today, there are not enough speculators to support a lack of consumer interest.

As we expected, according to the AEMQ report, Central Banks liquidated 662 tons of gold in 2005, taking advantage of inflated prices to rebalance their holdings. .

2005 scrap recovery hit a record and this trend continued as gold climbed in Q106 but in the first quarter, supply was artificially reduced as miners used excess production to reduce hedged positions. A reverse of this process (more hedging) could drive supply suddenly up.

In Q1O6 speculators snapped up 196 tons of gold at record prices, a situation that did not abate until mid-May, close to the end of the second quarter. While miners attempted to cut back production, 305 tons of scrap metal were turned in during Q1 alone forcing the Cental Banks to cut their selling by 50% in order to maintain market prices. The CBs have until September 26th before their sales quota resets and then it may be game on for gold bears!

According to the Quebec Mineral Exploration Association’s President:…
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Wednesday Wrap-Up

Bad Iran, bad, bad! There, I have officially done more to reprimand Iran than the UN will tomorrow. Still, as expected, oil traders made that the story of the day (apparently the 45 day-old deadline was quite the surprise on the NYMEX floor at around 11:30) and got oil back above $70 at the close. They forgot to bring natural gas with them, possibly because it is virtual portfolio suicide ahead of the inventory, and it dropped back to $6.50 after spending 15 minutes above $7 yesterday. We are firing on all cylinders with the indices moving closer to my test marks in a nice, orderly fashion. The SOX punched through 450 with a big finish but the Transports provided the day’s biggest disappointment and that does worry me – more on that tomorrow. There is no more room to grow without testing our tops so tomorrow will be a very interesting day. Oil, as I mentioned, kissed the $68 level but got rescued by frenzied buying that came out of nowhere for no reason. It is taking a greater effort every day to pump up the price of oil. You can see from the 5 day chart how unnatural buying is not really good for a stock as USO was pumped from slightly oversold to massively overbought in just 4 hours. Notice what happened to them last Friday when it opened at this level!;range=5d;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= You can also see how the volume is increasing each day with heavy selling each morning followed by pump action buying to reel in the next round of suckers, or bagholders, to use the official jargon. XOM had the strongest volume in two weeks and did not follow oil back up as 24M shares were traded around $68, just 3 days after posting a new all-time high of $71 on 18M shares. This brings XOM below the 20 dma (now $69) for the first time since 6/29 when it traded at $61 and oil was at $74. Note the serious (20%) divergence of Exxon from the price of oil since 7/17 : So since topping out, just 100M of the 5Bn outstanding Exxon shareholders have gotten out. If funds want to lighten up just 5% on XOM, they have no choice but to sell into any strength as it would take 10 days of double average volume to work off 5% of the…
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Zero Hedge

Auto Shares Surge As Fiat, Renault Confirm Merger Talks

Courtesy of ZeroHedge. View original post here.

With President Trump in Japan for a state visit and most of Europe headed to the polls to vote in the quinquennial EU Parliamentary elections, there was enough news to keep market watchers occupied during what was supposed to be a quiet holiday weekend in the US. 

But on top of these political headlines, on Saturday afternoon, the news broke that Italian-American carmaker Fiat Chrysler had approached France's Renault with a merger proposal that would leave the shareholders of each carmaker with half of the combined company, in a tie-up that would create the world's third-largest au...

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Phil's Favorites

Trump and the problem with pardons


Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...

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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ... more from Insider

Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...

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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!

Alistair Williams Comedian youtube

This is a classic! ha!

Fundamentals are important, and so is market timing, here at we believe a combination of Gann Angles, ...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control


Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...

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DNA as you've never seen it before, thanks to a new nanotechnology imaging method

Reminder: We are available to chat with Members, comments are found below each post.


DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University


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More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...

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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism


The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...

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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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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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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...

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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 >>