Archive for May, 2014

Comment by blair

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  1. blair

    Tiffany & Co. (TIF) up 4.5% as Citigroup initiates coverage at Buy, on expectations of a return to positive same-store sales and added market share.
     
    Because unemployed people buy lots of expensive jewelry. Or maybe they mean the return to positive same-store sales is coming in 2018.







Comment by Phil

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  1. Phil

    Good morning!

    There will be a lot of news this morning, I didn't get a chance to post it earlier.  

    Another pre-market push to paint the open, down until 11:30 and then probably back up into the close – why should today be different?  Even AAPL still running up on no news.  

    QQQ Friday $76.50 puts at $1.15 have very little premium – 10 in the STP







Comment by Pharmboy

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  1. Pharmboy

    ACAD/neet – well, they can now raise funds for $5…dilute the shareholders, and I would personally say thank you very much and get out.







Comment by 1020

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  1. 1020

    What really happened when Charlie presses the "button"…… :)
    http://www.youtube.com/watch?v=Zj0a4a0U13c







Comment by juliet

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  1. juliet

    Thank you very much Yodi!  I will try this!  When my AAPL tree works out, please come visit my apple ochard!  :)







Comment by Phil

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  1. Phil

    GDP/Shlomoso – I do not believe the GDP numbers we are presented with in this data are annualized.  If they are then the economy is in better shape than I think.  If anyone does know exactly what we’re measuring, I would like to know.  What I see is a2009/2 GDP at $12.901Tn, which is down from Q2 2008′s $13.415Tn and that’s down 4.4% but the quarterly number shows down 0.7%, which makes sense calculated from Q1 2009′s $12.925Tn only.  At one point, I know our GDP was supposedly over $14Tn so I didn’t think much of it but I would like to know where they hell they get these numbers from. 

    If GDP is really up an annualized anything at all – then why the helll are corporate revenues down 25%.

    Oops, markets heading higher, I still like the DDM $38s at $2.10 as a momentum play.







Comment by stjeanluc

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  1. stjeanluc

    Conflicting numbers from China:

    http://qz.com/90169/a-tale-of-two-pmis-shows-chinas-growth-conundrum/

    HSBC/Markit’s revised Purchasing Managers’ Index (pdf) fell in May to 49.2, down from 50.4 in April and lower than analyst expectations of 49.6. (A figure below 50 indicates the sector is shrinking.) By contrast China’s official PMI for the month was 50.8, up from 50.6 in April, which was better than expected. The difference is telling: The official figure includes more the giant state-owned enterprises, while HSBC polls smaller, independent firms.

    Where details differ, the message does not: China’s economy has lost crucial momentum. Hongbin Qu, HSBC’s chief China economist, said the government needs to boost domestic demand to avoid a further drop in manufacturing activity in the coming months.







Comment by BruceE

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  1. BruceE

    In again at $108.  Sticking with the program. 







Comment by MrMocha

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  1. MrMocha

    Rally evaporating.  Someone call the PPT, they’re MIA these days.







Bottoms Up or Top Down

Bottoms Up or Top Down

Insider Action: Still Positive Despite New Highs

By Dr. Paul Price of Market Shadows

I put more faith in actual transactions with money on the line than sentiment surveys where people can say one thing while doing something else. The Thomson Reuters Insider Sell-Buy ratio has proven to be especially prescient in term of calling short-term (weeks to months) action in the broad market.

Open market corporate officer action that registers bullishly often coincides with buying opportunities. Seeing the indicator along with the corresponding movements in the S&P 500 confirms this.

Insider Sell-Buy   as of May 30, 2014

Company officials understand their own firms intimately and welcome chances to buy low and sell high. Individual investors often go the other way by chasing momentum stocks that have already risen sharply.

The latest filings show insider buys in mostly lesser-known names.

Insider Buys week of May 26, 2014

The recent insider sell list was almost all in big name stocks.

Insider sells    May 26, 2014

Logic and history say it is better to invest ‘bottoms up’ based on valuation than ‘top down’ based on macro-economic factors. Even if you knew world event in advance the stock market action is often contrary to what might be expected.

Had you been privy to last week’s negative Q1 GDP announcement ahead of schedule would you have looked for bullish action?

Bottoms Up or Top Down





 
 
 

Zero Hedge

Explosion Hits Russia's Largest Virus Lab Which Houses Plague, Smallpox, Ebola And Other Deadly Viruses

Courtesy of ZeroHedge View original post here.

A sudden explosion at a Siberian virus research center on Monday reportedly left the facility engulfed in flames, according to several Russian news outlets. 

Firefighters and other emergency personnel were dispatched to the "Vector Institute" located several miles from Novosibirsk - an emergency which was upgraded "from an ordinary emergency to a major incident," a...



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Phil's Favorites

The future of work will still include plenty of jobs

 

The future of work will still include plenty of jobs

Even though the future is unknown, Canada’s employment rate has risen steadily from 53 per cent in 1946 to more than 61 per cent today. (Shutterstock)

Courtesy of Wayne Simpson, University of Manitoba

There is now widespread anxiety over the future of work, often accompanied by calls for a basic income to protect those displaced by automation and other technological changes.

As a labour economis...



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Lee's Free Thinking

Is The Drone Strike a Black Swan?

Courtesy of Lee Adler

Pundits are calling yesterday’s drone strke a “black swan.” Can a drone strike on a Saudi oil facility, be a “black swan.”

According to Investopedia:

A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the practice of explaining widespread failure to predict them as simple folly in hindsight.

I seriously doubt that no one expected or could have predicted a drone strike on a Saudi oil facility.

Call Me A B...

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Insider Scoop

New Relic Cuts 2020 Sales Guidance, Announces Changes In Management

Courtesy of Benzinga

New Relic (NYSE: NEWR) has reaffirmed its second-quarter guidance and cut its sales guidance for fiscal year 2020 from $600 million-$607 million to $586 million-$593 million.

The company’s chief technology officer, Jim Gochee, and chief revenue officer, Erica Schultz, have resigned. New Relic also named board member Michael Christenson as its chief operating officer. Christenson joins from his ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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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.

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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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