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: http://www.iranfocus.com/modules/news/article.php?storyid=8466 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: http://www.whitehouse.gov/infocus/iraq/ 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: http://finance.yahoo.com/q/bc?s=%5EIXIC&t=1d The S&P shot right past 1,310 and then promptly used it as support, a really good sign: http://finance.yahoo.com/q/bc?t=1d&l=on&z=m&q=l&p=&a=&c=&s=%5Egspc The NYSE also tested support, but at our breakout level of 8,400 and promptly ran up to test 8,450: http://finance.yahoo.com/q/bc?t=1d&l=on&z=m&q=l&p=&a=&c=&s=%5Enya 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: http://finance.yahoo.com/q/bc?t=1d&l=on&z=m&q=l&p=&a=&c=&s=uso 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! http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060901:MTFH59134_2006-09-01_20-38-32_N0185975&type=comktNews&rpc=44 ===================================== 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! http://finance.yahoo.com/q/bc?s=ANN&t=1d 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! http://finance.yahoo.com/q/bc?s=BNI&t=5d 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… http://www.news.com.au/business/story/0,23636,20323731-31037,00.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: http://finance.yahoo.com/q/bc?s=WDO.TO&t=1y&l=on&z=m&q=l&c= 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! http://www.chinagoldgroup.com/ 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:
http://philstocks.blogspot.com/2006/08/oils-slick-moves-in-washington.html

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 $72.50 and quickly fell off the table the next day.
http://stockcharts.com/h-sc/ui?s=$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.
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Jan&cmonth=H&year=7&currPrev=C

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.
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Oct&cmonth=V&year=6&currPrev=C

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:
http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d

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.
http://finance.yahoo.com/q/bc?t=1d&l=on&z=m&q=l&p=&a=&c=&s=%5Enya

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…
http://stockcharts.com/gallery/?chk

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:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b5C3E13FF-842C-4007-AB82-8A03F6DD33D8%7d&siteid=yhoo&dist=yhoo

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.” http://finance.yahoo.com/q/bc?t=5d&l=on&z=m&q=l&p=&a=&c=&s=%5Eixic
  • 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: http://finance.yahoo.com/charts#chart30:symbol=^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: http://finance.yahoo.com/charts#chart32:symbol=tol;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)! http://finance.yahoo.com/charts#chart3:symbol=tol;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: http://finance.yahoo.com/charts#chart5:symbol=^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: http://finance.yahoo.com/charts#chart36:symbol=pd;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= Here is PD 2004-6: http://finance.yahoo.com/charts#chart6:symbol=pd;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= NEM ’94: http://finance.yahoo.com/charts#chart45:symbol=nem;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= NEM ’06: http://finance.yahoo.com/charts#chart15:symbol=nem;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: http://finance.yahoo.com/charts#chart48:symbol=ko;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= KO ’06: http://finance.yahoo.com/charts#chart18:symbol=ko;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= BA ’94: http://finance.yahoo.com/charts#chart51:symbol=ba;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= BA ’06: http://finance.yahoo.com/charts#chart21:symbol=ba;range=2y;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= CAT ’94: http://finance.yahoo.com/charts#chart52:symbol=cat;range=19930106,19941005;indicator=ema(50,20,5)+stochasticslow+volumema(5);charttype=candlestick;crosshair=on;logscale=off;source= CAT ’06: http://finance.yahoo.com/charts#chart22:symbol=cat;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.
http://www.aemq.org/documents/or_q4_2005_an.pdf#search=%22gold%20surplus%22

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.
http://www.aemq.org/documents/or_q1_2006_anglais.pdf

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! http://finance.yahoo.com/charts#chart9:symbol=uso;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 : http://finance.yahoo.com/q/bc?s=XOM&t=6m&l=on&z=m&q=l&c=uso 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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ValueWalk

#1 Performing Global Macro Hedge Fund Sees More Shorts Opportunities Ahead As China Bursts

By Jacob Wolinsky. Originally published at ValueWalk.

Crescat Global Macro Fund update to investors on 1/19/2019

Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on ...



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Zero Hedge

Johns Hopkins, Bristol-Myers Face $1 Billion Suit For Infecting Guatemalan Hookers With Syphilis 

Courtesy of ZeroHedge. View original post here.

A federal judge in Maryland said Johns Hopkins University, pharmaceutical company Bristol-Myers Squibb and the Rockefeller Foundation must face a $1 billion lawsuit over their roles in a top-secret program in the 1940s ran by the US government that injected hundreds of Guatemalans with syphilis, reported Reuters.

Several doctors from Hopkins an...



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Phil's Favorites

Divisive economics

 

Guest author David Brin — scientist, technology consultant, best-selling author and futurist — explores the records of Democrats and Republicans on the US economy in the following post. For David's latest posts, visit the CONTRARY BRIN blog. For his books and short stories, visit his web...



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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...



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Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...



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Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

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Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...



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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

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Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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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

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...

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.

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