Archive for October, 2013

Comment by tradervic

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  1. tradervic

    I think we should get a credit, or an extension, for these past 2 weeks. It’s been an absolute wasteland.

Comment by karmcon

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  1. karmcon

    Have always thought that UNH would be a good candidate for an Iron Condor due to its stagnation between the 50-55 price range, but commissions at $51+ for 10 or less contracts and the risk assumed looking at a Jun condor 50-45 P’s and 55-60 C’s of 4.40 has deterred my entry.

    Thanks for the info!!!

Comment by sahaida

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  1. sahaida

    i dont really know why im paying 100 bucks a month for this place. im not learning really anything here. phil and happy are the only guys to help out.

Comment by mSquare

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  1. mSquare

    QCOM – may get cheaper. They picked just one too many fights – besides the royalty dispute with Broadcom, they fight with big customers who are unhappy like Nokia, Telcos by demanding more royalties and countries/EU etc. In India (the wireless market with most growth next few years), their biggest two customers (with CDMA) have been moving away – even the cost of building new GSM infrastructure! They also face more/new competition from likes of INTC with good WiMax ideas etc.

Comment by chemistry

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  1. chemistry

    CME down hard

Comment by _fab

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  1. _fab

    Indices – could it be a double top in the making for today (very visible on the 15min), or could it be the ‘breath of fresh air’ break above 13100?

    Looks like it’s double topping-ish so far…

Comment by mplaut

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  1. mplaut

    The full report is available here:
    According to the report, it is not based on "laptop documents" but:
    12.  As indicated in paragraph 6 above, among the information available to the Agency is the alleged
    studies documentation: a large volume of documentation (including correspondence, reports, view graphs
    from  presentations,  videos  and  engineering  drawings),  amounting  to  over  a  thousand  pages.  The
    information  reflected  in  that  documentation  is  of  a  technically  complex  and  interconnected  nature,
    showing  research,  development  and  testing  activities  over  time.  It  also  contains  working  level
    correspondence consistent with the day to day implementation of a formal programme. Consistent with the
    Agency’s practice, that information has been carefully and critically examined. The Agency has also had
    several meetings with the Member State to clarify the information it had provided, to question the Member
    State about the forensics it had carried out on the documentation and the information reflected in it, and to
    obtain more information on the underlying sources.
    13.  In addition to the alleged studies documentation, the Agency has received information from more
    than ten Member States. This has included procurement information, information on international travel
    by individuals said to have been involved in the alleged activities, financial records, documents reflecting
    health and safety arrangements, and other documents demonstrating manufacturing techniques for certain
    high explosive components. This information reinforces and tends to corroborate the information reflected
    in the alleged studies documentation, and relates to activities substantially beyond those identified in that
    14.  In addition to the information referred to in paragraphs 12 and 13 above, the Agency has acquired
    information as a result of its own efforts, including publications and articles acquired through open source
    research, satellite imagery, the results of Agency verification activities and information provided by Iran
    in the context of those verification activities.
     Importantly, the Agency has also had direct discussions
    with a number of individuals who were involved in relevant activities in Iran, including, for example, an
    interview with a leading figure in the clandestine nuclear supply network (see paragraph 35 below). The
    information obtained by the Agency from the discussions with these individuals is consistent with the

continue reading

Comment by Tommy

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  1. Tommy

    looks like a setup for another slaughter…I hope I’m wrong…..

Comment by Savi

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  1. Savi

    David--Tx for the ENTG and GFIG plays

Comment by OptionSage

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  1. OptionSage

    LOL, thx DM - when Phil mentions manipulation, it can happen in more ways than one!


Phil's Favorites

DARK TOWERS by David Enrich


In his best-selling book Dark Towers, David Enrich, finance editor at The New York Times, chronicles the complicated history of Deutsche Bank and its entanglement with Donald Trump. Reviewing Dark Towers, Roger Lowenstein writes, 

"Enrich’s most tantalizing nugget is that in the summer of 2016, Jared Kushner’s real estate company (which received lavish financing from Deutsche) was moving money to various Russians. A bank compliance officer filed a “suspicious activity report,” but the report was quashed and she was fired. The suggestion that maybe the money was payback for Russian campaign meddling isn’t one that Enrich can prove. Similarly, we will have to wait to see if Deutsch...

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Zero Hedge

NYSE Announces Disaster-Recovery Test Due To Virus Fears

Courtesy of ZeroHedge View original post here.

In a somewhat shocking sounding move, given administration officials' ongoing effort to calm the public fears over the spread of Covid-19, The New York Stock Exchange has announced it will commence disaster-recovery testing in its Cermak Data Center on March 7 amid coronavirus concern, Fox Business reports in a tweet, citing the exchange.

During this test, NYSE will facilitate electronic Core Open and Closing Auctions as if the 11 Wall Stree...

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Chart School

Dow, Three strikes and your out!

Courtesy of Read the Ticker

The Dow has topped out with major events, the current virus could be the third strike!

2001 - 9/11 Twin Towers
2007 - Bear Sterns
2020 (?) - C19 Virus

Chart explains all. Dow Jones Industrial's comparing market tops 2000, 2007 and 2020.

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

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of ...

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Cities With The Most 'New' And Tenured Homeowners

By Jacob Wolinsky. Originally published at ValueWalk.

Homeownership is a major investment. Not just financially, but when a person or family purchases a home, they’re investing years – if not decades – in that particular community. 55places wanted to find out which real estate markets are luring in new homebuyers, and which ones are dominated by owners that haven’t moved in decades. The study analyzed residency data in more than 300 US cities and revealed the top 10 cities with the most tenured homeowners – residents who’ve lived in and owned their home for more than 30 years – are sprinkled across ...

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Kimble Charting Solutions

Financial Crisis Deja Vu: Home Construction Index Double Top?

Courtesy of Chris Kimble

Most of us remember the 2007-2009 financial crisis because of the collapse in home prices and its effect on the economy.

One key sector that tipped off that crisis was the home builders.

The home builders are an integral piece to our economy and often signal “all clears” or “short-term warnings” to investors based on their economic health and how the index trades.

In today’s chart, we highlight the Dow Jones Home Construction Index. It has climbed all the way back to its pre-crisis highs… BUT it immediately reversed lower from there.

This raises concerns about a double top.

This pr...

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Insider Scoop

A Peek Into The Markets: US Stock Futures Plunge Amid Coronavirus Fears

Courtesy of Benzinga

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. South Korea confirmed 256 new coronavirus cases on Thursday, while China reported an additional 327 new cases. Data on U.S. international trade in goods for January, wholesale inventories for January and consumer spending for January will be released at 8:30 a.m. ET. The Chicago PMI for February is scheduled for release at 9:45 a.m. ET, while the University of Michigan's consumer sentime... more from Insider

Biotech & Health

Could coronavirus really trigger a recession?


Could coronavirus really trigger a recession?

Coronavirus seems to be on a collision course with the US economy and its 12-year bull market. AP Photo/Ng Han Guan

Courtesy of Michael Walden, North Carolina State University

Fears are growing that the new coronavirus will infect the U.S. economy.

A major U.S. stock market index posted its biggest two-day drop on record, erasing all the gains from the previous two months; ...

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The Technical Traders

SPY Breaks Below Fibonacci Bearish Trigger Level

Courtesy of Technical Traders

Our research team wanted to share this chart with our friends and followers.  This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system.  We believe this downside move will target the $251 level on the SPY over the next few weeks and months.

Some recent headline articles worth reading:

On January 23, 2020, we ...

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Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  


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Members' Corner

Threats to democracy: oligarchy, feudalism, dictatorship


Threats to democracy: oligarchy, feudalism, dictatorship

Courtesy of David Brin, Contrary Brin Blog 

Fascinating and important to consider, since it is probably one of the reasons why the world aristocracy is pulling its all-out putsch right now… “Trillions will be inherited over the coming decades, further widening the wealth gap,” reports the Los Angeles Times. The beneficiaries aren’t all that young themselves. From 1989 to 2016, U.S. households inherited more than $8.5 trillion. Over that time, the average age of recipients rose by a decade to 51. More ...

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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year


Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...

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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires


Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:


The ‘experts’ I hear from keep saying that once 300B more in reserves have ...

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:


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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. Contact Ilene to learn about our affiliate and content sharing programs.