Archive for 2015

Iraq May Seek “Direct Military Intervention From Russia” To Expel Turkish Troops

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Turkey just can’t seem to help itself when it comes to escalations in the Mid-East. 

First, Erdogan intentionally reignited the conflict between Ankara and the PKK in an effort to scare the public into nullifying a democratic election outcome. Then, the Turks shot down a Russian warplane near the Syrian border. Finally, in what very well might be an effort to protect Islamic State oil smuggling routes, Erdogan sent 150 troops and two dozen tanks to Bashiqa, just northeast of Mosul in a move that has infuriated Baghdad. 

We discussed the troop deployment at length on Saturday in “Did Turkey Just Invade Iraq To Protect Erdogan’s ISIS Oil Smuggling Routes?,” and you’re encouraged to review the analysis in its entirety, but here was our conclusion:

The backlash underscores the fact that Iraq does not want help from NATO when it comes to fighting ISIS. Iraqis generally believe the US is in bed with Islamic State and you can bet that Russia and Iran will be keen on advising Baghdad to be exceptionally assertive when it comes to expelling a highly suspicious Turkish presence near Najma. 

You’re reminded that Iran wields considerable influence both politically and militarily in Iraq. The Iraqi military has proven largely ineffective at defending the country against the ISIS advance and so, the Quds-backed Shiite militias including the Badr Organisation, Asaib Ahl al-Haq and Kataib Hezbollah have stepped in to fill the void (see our full account here).

Of course that means that the Ayatollah looms large in Iraq and when it comes to loyalty, both the militias and a number of Iraqi lawmakers pledge allegiance to Tehran and more specifically to Qassem Soleimani. The point is this: Iran is not going to stand idly by and let America and Turkey put more boots on the ground in Iraq which is why just hours after Ash Carter announced that The Pentagon is set to send in more US SpecOps, Kataib Hezbollah threatened to hunt them down and kill them. Not coincidentally, PM Haider al-Abadi rejected a larger US troop presence just moments later. 

Now, Abadi has given Turkey 48 hours to get its troops out of Iraq or else.

Or else what?, you might ask. Well, or else Baghdad will appeal to the UN Security Council where Russia…
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BIS Warns The Fed Rate Hike May Unleash The Biggest Dollar Margin Call In History

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Over the past several months, one of the biggest conundrums stumping the financial community has been the record negative swap spread which we profiled first in September,  and which as Goldman most recently concluded, “has been driven by funding and balance sheet strains, especially since August.”

Today, in its latest quarterly report, the Bank of International Settlement focused precisely on this latest market dislocation.  According to the central banks’ central bank, “recent quarters have witnessed unusual price relationships in fixed income markets. US dollar swap spreads (ie the difference between the rate on the fixed leg of a swap and the corresponding Treasury yield) have turned negative, moving in the opposite direction from euro swap spreads (Graph A, left-hand panel).”

Given that counterparties in derivatives markets, typically banks, are less creditworthy than the government, swap rates are normally higher than Treasury yields because of the additional risk premium. Hence, the negative spreads point to a possible dislocation. One set of factors relates to supply and demand conditions in interest rate swap and Treasury bond markets. In the swap markets, forces that can compress swap rates include credit enhancements in swaps, hedging demand from corporate bond issuers, and investors seeking to lock in longer durations (eg insurers and pension funds) by securing fixed rates via swaps.

In cash markets, in turn, upward pressures on yields stemmed from the recent sales of US Treasury securities by EME reserve managers. The market impact of these Treasury bond sales may have been amplified by a second set of factors that curb arbitrage and impede smooth market functioning. First, the capacity of dealers’ balance sheets to absorb rising inventory may have been overwhelmed by the amount of US Treasury bonds reaching the secondary market in the third quarter (Graph A, centre panel), causing dealers to bid market yields above the corresponding swap rates. Second, balance sheet constraints may have made it more costly for intermediaries to engage in the speculative arbitrage needed to restore a positive swap spread. Such arbitrage is sensitive to balance sheet costs because it requires leverage, with a long Treasury position funded in the repo market.

Meanwhile, while US swap spreads hit record negative levels, in Europe the market tensions have been of a different nature:

Ten-year swap


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Market Surprises

Courtesy of Declan.

Just when bears look ready to squeeze, along come bulls to bid the market higher. The jobs report had an initial muted reaction, but bulls were able to push the failure of bears to capitalize on the figures to force them into covering. The only disappointment was the volume.  For a big news day, the lack of volume may come back to hunt bulls, but a new (higher) swing low is in play.



The S&P will be looking to challenge 2,104. Technicals are with bears, with a ‘sell’ trigger in the MACD still in play, and On-Balance-Volume in distribution mode since the first November peak.  The index also regained its relative momentum against Small Caps.





The Nasdaq is enjoying a strong relative advantage against the S&P, and Friday’s buying – while light – was enough to see a return of the ‘buy’ trigger in On-Balance-Volume.




The Russell 2000 gave bulls the entry at rising support. While price action was a tick in the bulls column, technicals are still siding with bears with ‘sell’ triggers in MACD, CCI and ADX. There was a relative loss for this index against Large Cap and Tech indices, which isn’t good news for bulls looking for a long term bullish recovery.




While the Russell 2000 didn’t enjoy the same success as the S&P and Nasdaq, the Nasdaq 100 was able to give bulls a major boost with a fresh challenge on the ‘bull trap’. Technicals are still in decline, but another 20 point gain will see this change and deliver a breakout.




Monday is a chance for bulls to build on Friday’s positive response to the jobs data and return the ‘Santa Rally’ to its seasonal run higher. Bears need higher volume distribution if this isn’t going into to run away from them.



You’ve now read my opinion, next read Douglas’ and Jani’s.







An Open Letter Calling For The Resignation Of Saudi-Sympathizing Politicians

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by SM Gibson via TheAntiMedia.org,

Whether you are Nobel Peace Prize recipient Barack Obama or unabashed warmonger John McCain, if you hold a federally elected office in the United States and are calling for more military action in the Middle East without first addressing the crimes against humanity carried out by Saudi Arabia, you are a fraud and should resign – effective immediately.

I don’t mean resign next week or later today. I mean now. Stop what you’re doing, write out a letter (or get a staff member to write one for you), and give a press conference. I don’t care how you do it — just resign. Don’t put your name on the ballot for another term in Congress, don’t seek higher office, and certainly don’t run for president. Stop the charade. You do not represent your constituents. You are a disgrace. Resign.

Why do you glorify spending our tax dollars on establishing a military presence in Syria and Iraq for your stated purpose of obliterating ISIS – a group of ‘radical Muslims’ who barbarically behead human beings — all while the Kingdom of Saudi Arabia (KSA) has been responsible for at least 152 public beheadings of their own since January 1, 2015? If you don’t consider a nation that sentences a man to decapitation for writing love poems (which Saudi Arabia recently did) to be “radical,” then you are deranged. Why do one group’s human rights violations warrant swift military action while another group that commits the same transgressions is heralded as an ally?

How stupid do you think “we the people” are?

The world can see you smiling through your scowl as we become wise to the fact that you are using the instability created by ISIS as an excuse to overthrow Assad.

You may retort that President Obama has repeatedly stated there will be no boots on the ground in Syria (even though there have been) — and how dare I claim that ISIS is being used as a tool for American interests? Aside from the 44th president’s words not being worth much, Obama has advanced the U.S. government’s policy to train and arm “moderate” Syrian rebels in the region — while simultaneously launching airstrikes on their behalf. You and I both know this practice has undeniably resulted in the perpetual arming and strengthening
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10 Ways to Destroy Your Portfolio

 

10 Ways to Destroy Your Portfolio

Courtesy of Wade of Investing Caffeine

With the increased frequency of heightened volatility, investing has never been as challenging as it is today. However, the importance of investing has never been more crucial either, due to rising life expectancies, corrosive effects of inflation, and the uncertainty surrounding the sustainability of government programs like Social Security, Medicare, and pensions.

If you are not wasting enough money from our structurally flawed and loosely regulated investment industry that is inundated with conflicts of interest, here are 10 additional ways to destroy your investment portfolio:

#1. Watch and React to Sensationalist News Stories: Typically, strategists and pundits do a wonderful job of parroting the consensus du jour. With the advent of the internet, and 24/7 news cycles, it is difficult to not get caught up in the daily vicissitudes. However, the accuracy of the so-called media experts is no better than weather forecasters’ accuracy in predicting the weather three Saturdays from now at 10:23 a.m. Investors would be better served by listening to and learning from successful, seasoned veterans (see Investing Caffeine Profiles).

ganador maraton-02c#2. Invest for the Short-Term and Attempt Market Timing: Investing is a marathon, and not a sprint, yet countless investors have the arrogance to believe they can time the market. A few get lucky and time the proper entry point, but the same investors often fail to time the appropriate exit point. The process works similarly in reverse, which hammers home the idea that you can be 200% wrong when you are constantly switching your portfolio positions.

#3. Blindly Invest Without Knowing Fees: Like a dripping faucet, fees, transaction costs, taxes, and other charges may not be noticeable in the short-run, but combined, these portfolio expenses can be devastating in the long-run. Whether you or your broker/advisor knowingly or unknowingly is churning your account, the practice should be immediately halted. Passive investment products and strategies like ETFs (Exchange Traded Funds), index funds, and low turnover (long time horizon / tax-efficient) investing strategies are the way to go for investors.

#4. Use Technical Analysis as a Primary Strategy: Warren Buffett openly recognizes the problem with technical analysis as evidenced by his statement, “I realized technical…
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Previewing Obama’s 8:00 PM Speech On Gun Control

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Two days ago we reported that in the aftermath of the San Bernardino mass shooting, two democrats had emerged with diametrically opposing proposals how to respond to the resurgent threat of domestic terrorism: one, a Sheriff in an uptown New York state county proposed that all handgun owners who are licensed to carry, should “PLEASE DO SO” in order to prevent future terrorist incidents; while another, New York City mayor de Blasio urged the city’s pension funds to divest their holdings in stocks of US gunmakers.

As we concluded then, “these two dramatically opposing reactions to the same “terrorist” event, which one can claim the US brought on itself with the CIA’s creation of the Islamic State as a clandestine method to overthrow Syria’s president al Assad, and by two people who are both democrats, shows just how ridiculous the gun control debate is set to become in the coming days.”

But more importantly, we said that at this point, “if we had to forecast the final outcome, we would say that just as we accurately predicted the terrorist events in Paris two months earlier, so this time the “terrorist attacks” together with comprehensive 24/7 TV coverage, in the US will get worse and worse until one of two things happen, if not both: the NSA will see all of its surveillance powers reinstated legally in the coming months, while the US will see increasingly more escalating “attacks” until ultimately Obama’s crackdown on gun sales and possession hits its breaking point and the president’s gun confiscation mandate is finally executed. We hope we are wrong.”

Not even 24 hours later the New York Times confirmed that the push for gun control is about to take a major leg higher with its first front-page Op-Ed since 1920 in which it called to “End the Gun Epidemic in America.”

Parallel to that, the NSA went on a “passive-aggressive” marketing campaign yesterday when the AP reported that the U.S. government‘s ability to review and analyze five years’ worth of telephone records for the married couple blamed in the deadly shootings in California lapsed just four days earlier when the National Security Agency’s controversial mass surveillance program was formally shut down.

As the AP added, under a court order, those historical calling records at the…
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BIS Points Finger at Yellen, Draghi: Warns About “Unthinkably” Low Interest Rates, Bond Market “Dislocations”

Courtesy of Mish.

In it latest quarterly report, the BIS (Bank of International Settlements), pointed a direct finger at Fed chair Janet Yellen with an even bigger point at ECB president Mario Draghi.

Specifically, the BIS cited unthinkably low interest rates, bond market dislocations, and more taper tantrums in its Quarterly Review, December 2015, released today, Uneasy Calm Awaiting Lift-Off.

The BIS is sometimes referred to as the central banker’s bank. Inquiring minds may wish to read the “BIS About Page” for details.

Much of the BIS quarterly report is a recap of the volatility earlier this year when the Fed signaled a potential hike in September then backed off.

Here are a few other highlights:

Recent Dislocations in Fixed Income Derivatives Markets

Recent quarters have witnessed unusual price relationships in fixed income markets. US dollar swap spreads (ie the difference between the rate on the fixed leg of a swap and the corresponding Treasury yield) have turned negative, moving in the opposite direction from euro swap spreads. Given that counterparties in derivatives markets, typically banks, are less creditworthy than the government, swap rates are normally higher than Treasury yields because of the additional risk premium. Hence, the negative spreads point to a possible dislocation.

Tightening in the United States May Challenge EMEs

In August 2015 the VIX had reached levels not seen since the onset of the European debt crisis in 2011 and CDS spreads on EME sovereigns had exceeded levels experienced during the worst of the taper tantrum. [Mish Comment: Is that the real reason for the Fed's ultra-dovish September statement since unwound? I think so]

There have also been signs that EM local currency yields are increasingly sensitive to developments in the United States. The post-crisis era has been characterised by strong international spillovers from US bond  yields to emerging markets, even when those countries were at different stages of the business cycle.

And this effect seems to have strengthened over time. A simple rolling regression of an EME bond index on US 10-year Treasury yields suggests that the potential for spillovers is larger now than it was during the taper tantrum.

Debt service ratios


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Extreme Gold Positioning Grows As Hedge Funds Add To Record Shorts

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With an all time high of 293 ounces of paper per ounce of registered physical gold

…it appears hedge funds continue to ignore systemic risk and surging physical demand, following the trend lower in paper gold prices by adding to already record short positions in gold last week. With the speculative world near-record long the USDollar and record short gold, how much longer can the status quo boat can remain upright with so many on the same side.

The normal market position is for speculators, such as hedge funds, to be net long, averaging about 110,000 contracts. But as GoldMoney details,

Only twice since the Commitment of Traders disaggregated data has been made available has this condition not been true: last July and today. The market's sentiment is indeed at an extreme, making the paper markets vulnerable to a sharp correction of trend. The problem, as with all bubbles, is that we know this must end soon and violently, but we don't know at what level prices will revert.

Meanwhile, demand for physical metal notches up on every markdown. The reason this can occur and prices still fall is that there is a large body of above-ground stock in vaults to draw down. However, the stock in western vaults has been depleted by accelerating Asian demand, far in excess of the sum of mine production and scrap. Since 2011, the Chinese public alone have taken delivery of 8,645 tonnes of gold, during which time annual demand has more than doubled.

It is important to note that Asian buyers are savers, rather than investors. This distinction is crucial: a saver invests for the long-term and is only interested in value. Investors nowadays are interested in a shorter time horizon, are generally unconcerned with value, and will only buy into a rising trend.

Furthermore, as Acting-Man.com's Pater Tenebrarum explains, even while gold’s fundamental price according to Keith Weiner’s calculations (in which he compares spot to futures prices) stands some $140 above the current market price (as of the end of last week), futures market speculators have turned more bearish on gold than at any time in the past 13 years.

BN-ID143_0428cm_J_20150428110208

When there is great unanimity among traders about a
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ISIS Makes Major Move In Yemen, Assassinates Aden’s Governor After Executing Two Dozen Houthis

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

One point we’ve been keen on driving home as the war in Syria intensifies is that while the sheer number of combatants and the overt involvement of at least seven world powers certainly means that among the many conflicts raging in the Mid-East, the war in Syria is the fight that matters most for the non-Arab world, it’s important not to miss the forest for the trees.

That is, it’s critical to see the bigger picture here, and that entails understanding how Syria is related to the conflicts raging in Iraq, Yemen, and to a lesser extent, Afghanistan. Iran is determined to expand its regional influence. Tehran is the power broker in Iraq, Syria, and Lebanon and it’s no coincidence that the Houthis in Yemen are backed by the Iranians and neither is it a coincidence that Iran is rumored to be funneling weapons and money to its old enemy the Taliban in Afghanistan. This is about checking the spread of Sunni extremism and, concurrently, curtailing and diminishing Saudi influence. While Iran and the Taliban make for strange bedfellows (the militants are, after all, Sunni extremists), Tehran is determined to check the spread of Islamic State and with the IRGC, Hezbollah, and the Quds-controlled Shiite militias already fighting ISIS on two fronts (Syria and Iraq), the Ayatollah isn’t particularly thrilled about the prospect of an expanded ISIS presence on its eastern border. Supporting the Taliban in Afghanistan (with whom Iran nearly went to war in 1998), should help to check ISIS gains in the country and has the added benefit of keeping the US off guard which itself speaks to how quickly alliances can change as it was just 12 years ago that Iran assisted the US in picking Taliban and al-Qaeda targets (read more here).

As for ISIS, the official line is that everyone is an enemy. The Taliban are led by “illiterate warlords,” al-Qaeda are “a bunch of donkeys”, the Houthis are heretics as are the Iranians, the Saudis are just plain in the way in Yemen, and everyone else is an infidel. Of course there’s no telling what the group’s leadership really thinks given the support they undoubtedly receive from any number of states governed by “nonbelievers,” but we’ll leave that aside for now. 

Ok, so why are we telling you…
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How Low Can A Pension Fund Go?

Courtesy of John Rubino.

This is one of those stories that gets more amazing the further you dig into it. Seems that while Chicago descends into a very public, front page news bankruptcy, Kentucky is, dollar for dollar, screwing up even more badly:

State pension funding level drops again, to 17 percent

(Kentucky.com) – The $16 billion Kentucky Retirement Systems on Thursday lowered the rate of investment return it assumes state pension assets will earn, which means funding levels for two tax-subsidized systems — ranked among the nation’s worst — fell even further.

For the next state budget, the change means lawmakers must find tens of millions of extra dollars to keep the retirement systems afloat. The state’s annual recommended contribution to KRS already was expected to hit $880 million.

Ky pension 2015

“We’re in a disastrous cash position. We need help immediately from the next governor and the legislature,” said Jim Carroll, a member of an advocacy group called Kentucky Government Retirees. “We’re in a fund that can’t afford any more market losses. There’s no cushion left. What happens if the market crashes is, we go flat busted, and then maybe a judge has to step in and order the state to make payments.”

The KRS board of trustees voted to drop the assumed rate of return from 7.5 percent to 6.75 percent for two of the pension funds the agency oversees, the Kentucky Employees Retirement System (Non-Hazardous), which includes 120,595 state workers and retirees, and the State Police Retirement System, which includes 2,379 active and retired troopers.

Consequently, KERS now has only 17 percent of the money it’s expected to need to pay promised benefits, down from the 19 percent announced just last month, and it faces $10.9 billion in unfunded liabilities, as compared to the previous sum of $10 billion. SPRS’ funding level now stands at 31 percent, down from last month’s 33 percent, and it must cover a $542 million gap in coming years, up from $485 million.

The County Employees Retirement System, which includes local government workers and retirees, is in better shape financially, with $6.4 billion in pension assets and a 60 percent funding level. CERS can continue to make substantive, long-term


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Zero Hedge

Has E.T. Gone Home?

Courtesy of ZeroHedge. View original post here.

UFO sightings have been making headlines again lately, notably with The New York Times running an interesting article about several U.S. Navy fighter pilots encountering mysterious objects near the southeastern coast of the United States.

That high-profile story remains unexplained and so do plenty of other UFO sightings reported by members of the public every year like strange lights crossing the night sky or orange disks hovering in the distance.

However, as Sta...



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Phil's Favorites

Food waste: using sustainable innovation to cut down what we throw away

 

Food waste: using sustainable innovation to cut down what we throw away

shutterstock.

Courtesy of Mehrnaz Tajmir, University of Bath and Baris Yalabik, University of Bath

Our appetite for food is a serious problem. The huge amount of energy, land and water used to fill our supermarket shelves mean that modern overproduction and excessive consumerism are rapidly depleting resources and damaging the planet.

Yet still, more than one-third of the world’s food...



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Kimble Charting Solutions

Doc Copper Is Pushing Higher Off 18-Year Rising Support, Says Joe Friday

Courtesy of Chris Kimble.

Gold & Silver have been hot of late! Is Doc Copper about to do the same? Possible says Joe Friday.

This chart looks at Copper Futures over the past 27-years. Copper has spent the majority of that time inside of rising channel (1).

The decline over the past year has Doc Copper testing 18-year rising support and lows of the past 8-months at (2).

Joe Friday Just The Facts Ma’am- Copper is attempting to rally off of long-term support at (3). As Copper is testing the bottom of this support channel, smart money hedgers are making a bi...



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Insider Scoop

Benzinga's Top Upgrades, Downgrades For July 19, 2019

Courtesy of Benzinga.

Upgrades
  • For American International Group Inc (NYSE: AIG), William Blair upgraded the previous rating of Market Perform to the current rating Outperform. American International Gr earned $1.58 in the first quarter, compared to $1.04 in the year-ago quarter. American International Gr's market-cap stands at $48,358,299,270. At the moment, the stock has a 52-week-high of $56.49 and a 52-week-low of $36.16. American International Gr c...


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Chart School

RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

The magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 


XAU bound by parallel channel lines.


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Newmont Mining support from Gann Angles.



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US Dollar index (DXY) dominate cycle ...

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Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

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

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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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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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

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...



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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...

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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 >>