Archive for 2013

Comment by den0

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  1. den0

    K1 – I’ve been tracking the results also. I have to admit that in the first two weeks I tried to get fancy and made a couple of adjustments to the IWM and SPY trades. As it turned out I would have been better off leaving them alone. I mostly followed you on the rolls at opx, except that my IWM short call is at 67 with a basis of 3.70. Given the market action today, I’m not ready to change any of the positions yet. The put spreads are both positive but not outgaining the call spreads. Will reevaluate later this week.
    I also started an XLF trade. Like IWM and SPY I tried some rolls that didn’t work out. Now after leaving it alone at a 20 strike for the past several weeks it is looking better. The XLF trade (@5.15 basis) had a much lower cost of entry than IWM and SPY.  In this trade the put spread is gaining more than the call spread. No change in position anticipated.
    I’m interested to see what the comparative returns are in the long run and I guess the biggest lesson learned here is to leave these trades alone as much as possible and just keep milking the premium.

Comment by jomama

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  1. jomama

    REV, you may want to consider both xle and iwm for covered calls. 51 is bottom of the channel for xle and 59 for iwm. I usualy sell front month 55 calls on xle. thankfully, bp isnt in xle! both of these etf’s offer pretty good premiums within the safety of a etf (less headline risk)

Comment by ilene

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  1. ilene

    I think it may not be the same group of thinkers. Also, keep in mind, that inequality is not in itself horrific, it's the extent and reasons that are upsetting. And the dividing line between "rich" and "everyone else" is very subjective.  

Comment by ilene

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  1. ilene


    Yes, there’s no new information, but I like his writing. – it’s a good rant. 

Comment by David Ristau

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  1. David Ristau

    Jthoma -

    Yeah I was under the impression that a rise in wholesale was good until I stopped and was like wait a second…then read what a higher reading actually means. Glad I read further.

Comment by zerk19

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  1. zerk19

    that`s a nice idea but how can we get rid of it even the market was too bad as bad as my day started?How can i temper from everything?What would be your best suggestion on it?

“France is Not a Cash Cow”; Riots Over Ecotax Continue; Is Anyone Happy?

Courtesy of Mish.

French farmers are still not happy even though French president Francois Hollande decided to roll back the “ecotax” on large trucks following riots last week. Riots continued on Saturday, after the announced rollback.

For the prelude to this story please see my Thursday, October 31, post, Hollande’s Tax Everything Plan Blows Sky High With Riots by Farmers.

French Prime Minister Jean-Marc Ayrault on Tuesday indefinitely suspended the introduction of a green tax on trucks following riots at the weekend in the Brittany region.

The move comes three days after a protest by hundreds of food producers, artisans and distributors in the western Brittany region ended in the worst riots in the area in years.

Indefinite Not Good Enough

The “indefinite rollback” on the “ecotax” (an allegedly environmentally friendly commercial transport, tax on French and foreign vehicles weighing over 3.5 tonnes) was not acceptable to the farmers, artisans and distributors. They demanded a permanent rollback. 

Riots resumed on Saturday prompting French riot police use tear gas on anti-tax protesters.

French riot police fired tear gas at thousands of demonstrators in north-west France on Saturday, after some protesters hurled stones and iron bars at them in a rally against a controversial green tax and layoffs.

Protest organisers said 30,000 people, including hauliers, fishermen and food industry workers, had gathered in the town of Quimper in Brittany to demonstrate against an environmental tax on trucks and layoffs, even though the government had earlier in the week suspended the application of the so-called ecotax.

Authorities estimate that 15,000 people joined in the protest.

Some of the protestors pelted police with stones, iron bars and even pots of chrysanthemum, while others burned palettes. Police responded with water cannons and tear gas.

The prefect of the department of Finistere, Jean-Luc Videlaine, blamed the violence on a “marginal group” of right-wing extremists, who he said were believed to be among the protesters.

On Saturday, protestors marched under banners such as “Right to work”, “Bretons yes, sheep no” and “France is not a cash cow“.

Continue Here

Comment by etradingsignals

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  1. etradingsignals

    Good god David! If you are going to have more plays like SVNT, I might have to extend my subscription for life!

Comment by flipspiceland

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  1. flipspiceland

     Oh…and it’s not representative government AT ALL. Only nominally. Which is about as useful as perforated condom.
    IF it were, K Street would be blown off the map. Corporations would not be permitted to donate to politicians, and politicians would spend the rest of their rotten, corrupt lives in jail for being permitted to trade on inside information.
    Representative government has long ago been hijacked and you should already know that, n’est ce pas?
    Not that a country like the U.S. should even exist.  It’s too large, too diversified, with too many people who don’t, and shouldn’t give a damn about one another after a certain point. 

Comment by SaiRam

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  1. SaiRam

    I am having MU


Zero Hedge

Americans' Economic Hope Has Collapsed

Courtesy of ZeroHedge. View original post here.

Which came first, the confidence or the stock market rally?

One thing is for sure, the crash in stocks in December has crushed the hope of Americans that their economic future is going to be better under President Trump.

Overall confidence dipped to 58.1 - a 4-month low, but, U.S. consumers this month were the most downbeat on the economy since November 2016, a third straight drop after expectations reached a 16-year high just three months earlier, as the partial government shutdown wears on toward a fourth week.


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Kimble Charting Solutions

Triple Breakout Test In Play For S&P 500!

Courtesy of Chris Kimble.

Is the rally of late about to run out of steam or is a major breakout about to take place in the S&P 500? What happens at current prices should go a long way in determining this question.

This chart looks at the equal weight S&P 500 ETF (RSP) on a daily basis over the past 15-months.

The rally from the lows on Christmas Eve has RSP testing the top of a newly formed falling channel while testing the underneath side of the 2018 trading range and its falling 50-day moving average at (1).

At this time RPS is facing a triple resistance test. Wil...

more from Kimble C.S.

Phil's Favorites

Brexit deal flops, Theresa May survives -- so what happens now?


Brexit deal flops, Theresa May survives -- so what happens now?

Courtesy of Victoria Honeyman, University of Leeds

As the clock ticks down to March 29 2019, all of the political manoeuvring, negotiating, arguing and fighting is coming to a peak. In the two and a half years since the 2016 EU referendum, views on both sides have hardened and agreement still seems as far away as it was the day after the referendum.

With Theresa May’s withdrawal agreement disliked by all sides, and voted down by an unprecedented majority in the House of Commons, everyone is wondering what can and should be done next?


more from Ilene

Digital Currencies

Crypto-Bubble: Will Bitcoin Bottom In February Or Has It Already?

Courtesy of Michelle Jones via

The new year has been relatively good for the price of bitcoin after a spectacular collapse of the cryptocurrency bubble in 2018. It’s up notably since the middle of December and traded around the psychological level of $4,000... so is this a sign that the crypto market is about to recover?

Of course, it depends on who you ask, but one analyst discovered a pattern which might point to a bottom next month.

A year after the cryptocurrency bubble popped


more from Bitcoin


D.E. Shaw Investment Calls For Leadership Change At EQT

By ActivistInsight. Originally published at ValueWalk.

Elliott Management has offered to acquire QEP Resources for approximately $2.1 billion, contending the oil and gas explorer’s turnaround efforts have done little to lift the company’s share price. The company responded and said that a thorough review of the proposition is imperative in order to properly act in the best interests of shareholders, “taking into account the company’s other alternatives and current market conditions.” The news came only a month after Travelport Worldwide agreed to sell itself to Siris Capital Group and Elliott’s private equity arm Evergreen Coast Capital for $4.4 billion in cash and two months after Athenahealth was bought by Veritas and Evergreen for $5.7 bi...

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Insider Scoop

UBS Says Disney's Streaming Ambition Gives It A 'New Hope'

Courtesy of Benzinga.

Related DIS Despite Some Risks, Analysts Still Expecting Double Digit Growth From Communications Services In Q4 ... more from Insider

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...

more from Chart School

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

Donald Trump by Gage Skidmore (...

more from Our Members


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

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.


more from Biotech

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...

more from M.T.M.


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 >>