Archive for 2014

Comment by rpme

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  1. rpme

    Phil, strange but I only have 2 comments from Members so far today, both from Sage, have all of yours and StJean. I have always seen Bird comments in the past. Toothpaste, reference to Willy Wonka perhaps?

Comment by Burrben

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  1. Burrben

    Good read if you're bored (like I am).  A story about a father, a son, and money.
    What I learned from my Father, the Grifter

Comment by yodi

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  1. yodi

    Phil Burrben Thanks for you help 7 AM here in Europe and I went to bed last night the 4PM US closing is late for me.

Comment by yodi

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  1. yodi

    Phil Thank you for the info re archive but I tried everything but I can not pull up the daily report of the 10th April 2012 I am looking for the comments of that day. Thank you

Comment by hoss18

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  1. hoss18

    Phil – On July 16th I bought a CRUS Jan13 25/30 BCS for $2.04 and sold the Jan13 20 Put for $2.00, giving me a $5 spread for $0.04.  Obviously, with their earnings and guidance, they have blown through my spread and the value of the puts has plummeted.  The speed of the change has left me wondering the best way to adjust the position.  I'm thinking about the following:
    Selling the 25 C for $13.35(originally bought for $4.94)
    Buying Jan 13 35/45 BCS for $3.88, and then Selling the Jan 13 Put for $2.65 giving me $10.00 spread for $1.23, and putting $9.47 in my pocket. However, it still leaves me with the sold 30 calls from the original BCS, just using the value of the second BCS to cover the sold calls.
    Or would I be better off buying the Jan 13 29 calls for $10.40 and selling the 25 Calls for $13.40 putting $3.00 in my pocket and making the spread a $1.00 BCS?
    Just wondering the best approach when a BCS suddenly goes hugely in your favor.  Or is it best to just ride it out(which seems like too big a risk given the overall market conditions, which could easily drag this high flyer down).

Comment by emunster

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  1. emunster

    PHIL, I am already out of my PCLN PUT play. I only had one contract but I took the money and ran. Made  about 30% THANKS!

Comment by stjeanluc

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  1. stjeanluc

    Tough sledding for PCLN this week after the monster rally on Friday!

Comment by Phil

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  1. Phil

    DIA/Jerconn – Well there is that.  Maybe they are trying to drive the last few people (I think its us) out of the markets. 

    Gratitude/1020 – Very good point.  

    MLNX/Jerconn – I hate fabless semis.  You never know what's going on from moment to moment.  

    Not good for the indexes if we fail to hold here – Dow 13,000 especially (already 12,968 in the Futures), S&P at 1,380, RUT 787 was a watch line and lining up with precision to NYSE 7,870 and how ridiculous is it for someone to tell you that Bots don't rule this market when we can predict the NYSE and the RUT to move in lockstep with a 10x differential between them?  We already failed my morning watch levels – now let's see if they can take them back on a bounce.  

    Also, I know the market is going lower when I start getting Emails from analysts trying to convince me that my take on the market is wrong.  I love it when they try to change my mind.  Here's one guy (I guess he wants people to read this) who's targeting 1,600 on the S&P based on some seriously faulty analysis of the Dow:

    Dow Jones Industrials Model (c) The Other Street

    Postal/EM – That's going to be another catastrophe.  Congress doesn't let them raise rates and then freaks out when they are over budget – it's ridiculous. 

Comment by 1020

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  1. 1020

    angel – I totally agree with Gary K. The end of the 2012 Olympics could mirror the end of the 2008 summer games.
    Let's hope not…….

Comment by mjjwo9b

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  1. mjjwo9b

    rebelscum/elec:  Populationwise, that is the equivalent of the North American continent being off-line.  Ouch.


Phil's Favorites

Congress is considering privacy legislation - be afraid


Congress is considering privacy legislation – be afraid

Courtesy of Jeff Sovern, St. John's University

Supreme Court Justice Louis Brandeis called privacy the “right to be let alone.” Perhaps Congress should give states trying to protect consumer data the same right.

For years, a gridlocked Congress ignored privacy, apart from occasionally scolding companies such as Equifax and Marriott after their major data breaches. In its absence, ...

more from Ilene

Zero Hedge

Key Events This Week: Trade War, EU Elections, Durables, PMIs And Fed Minutes

Courtesy of ZeroHedge

Looking at this week's key events, Deutsche Bank's Craig Nicol writes that while the unpredictable nature of US-China trade developments will likely continue to be the main focus for markets again next week, we also have the European Parliament elections circus to look forward to as well as various survey reports including the flash May PMIs which may offer some insight into the impact of trade escalation on economic data. The FOMC and ECB meeting minutes are also due, along with a heavy calendar of Fed officials speaking.

The European Parliament elections will kick off next Thursday with voting continuing into the weekend across the continent, with results expected on Sunday. With the elections surrounded by internal and external challenges for the EU, members di...

more from Tyler

Kimble Charting Solutions

Will S&P 500 Double Top Derail The Rally?

Courtesy of Chris Kimble.

The rally off the December stock market lows has been strong, to say the least. The S&P 500 rallied 25 percent before hitting and testing the 2018 high.

The old highs proved to be formidable resistance and ushered in some volatility in May… and a 5 percent pullback.

In today’s 2-pack, we look at that resistance level – could that be a double top? We can see similar patterns develop on the S&P 500 Index and its Equal Weight counterpart.

Both indexes are testing short-term Fibonacci retracement levels of the recent decline at point (2).

What takes place here after potential double top highs will be important. Stay tuned...

more from Kimble C.S.

Insider Scoop

60 Biggest Movers From Friday

Courtesy of Benzinga.

  • Fastly, Inc. (NYSE: FSLY) shares jumped 50 percent to close at $23.99 on Friday. Fastly priced its 11.25 million share IPO at $16 per share.
  • Outlook Therapeutics, Inc. (NASDAQ: OTLK) shares climbed 37.3 percent to close at $2.10 on Friday after the stock rose over 68 percent Thursday following an Oppenheimer initiation at Outperform with a price target of $12.
  • Cray Inc. (NASDAQ: CRAY) shares rose 22.5 percent to close at $36.52 after Hewlett Packard Enterpri... more from Insider

Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.


more from Chart School

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 ...

more from Bitcoin


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


more from Biotech


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 ...

more from ValueWalk

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...

more from Our Members

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...

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 ...

more from OpTrader


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


more from Promotions

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.

Market Shadows >>