Archive for 2016

As Expected (and Commanded) Greek Puppets Approve Pension Reform

Courtesy of Mish.

In spite of strikes, protests, and long broken promises by prime minister Alexis Tsipras, the Greek parliament did as it was commanded to do by Germany: Approve pension cuts.

The vote was close, but Tsipras’ Syriza coalition holds a two or three seat majority in the Greek parliament.

By a count of three, Greece did as it was ordered.

The Financial Times reports Greece Approves Pension and Income Tax Reforms.

The Athens parliament has approved broad reforms of the country’s pension and income tax systems ahead of Monday’s emergency meeting of eurozone finance ministers and IMF officials aimed at completing the first review of Greece’s €86bn bailout.

The bill passed by 153 votes in favour to 144 against in a roll-call vote following a heated two-day debate.

Anti-austerity protesters had gathered outside the parliament building on the third day of a public transport strike called by unions opposed to the new measures — part of a €5.4bn fiscal package agreed with bailout monitors from the EU and International Monetary Fund.

“This law may be voted through parliament but it’s not going to be put into practice,” said one activist.

More Demands Coming

But before closing the review and providing Athens much-needed bailout aid, the IMF and the German government are insisting that Athens go a step further and legislate an additional €3bn in “contingency measures” in case the agreed cuts prove insufficient to meet the programme’s budget surplus targets.

Athens has said it is politically impossible to legislate specific future cuts, and the European Commission has backed a Greek counterproposal for across-the-board cuts that would only be triggered if the programme veered off course. The IMF and Berlin have rejected the plan, saying that untargeted cuts are counterproductive. Eurozone officials said that the stalemate over the contingency measures made it unlikely that any agreement to close the first review will be reached at Monday’s meeting.

One has to wonder what game IMF chief Christine Lagarde is playing. On one hand she demands debt relief for Greece, on the other hand she demands more “contingency measures” that she knows full well will be needed.

Nothing has changed. Both sides pretend Greece will pay back what it cannot possibly do.

Mike “Mish” Shedlock


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The New Normal: Cold War 2.0

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Pepe Escobar, Op-Ed via SputnikNews.com,

We are all living in Hybrid War time. From R2P (“responsibility to protect”) to color revolutions, from currency attacks to stock market manipulations.

From judicial-financial-political-media enabled “soft” coups – as in Brazil – to support for “moderate” jihadis, multiple stages of Hybrid War now cross-pollinate and generate a vortex of new mutant viruses.

Hybrid War, a Beltway concept, has even been turned upside down by the conceptualizers. NATO, affecting puzzlement at the very existence of the concept, interprets the Russian “invasion” of Ukraine as Hybrid War. That serves prime Hybrid War purveyors such as the RAND corporation to take it further, peddling war game scenarios of Russia being able to invade and conquer the Baltic states — Estonia, Latvia, and Lithuania — in less than 60 hours.

And that, in turn, foments even more Western military hysteria, encapsulated by the new NATO commander, a.k.a. Dr. Strangelove; Gen. Curtis Scaparrotti, who made sure he would come up with a stage entrance worthy of his predecessor, Philip Breedlove/ Breedhate. 

Slightly amused at the whole conceptual circus, Russians respond with actions. Extra deployments in our Western borderlands? No problem; here’s your asymmetrical answer. And say hello, soon, to our new toy: the S-500s.

What Hillary wants

The notion that Moscow would have any interest at all to capture Baltic states is ludicrous in itself. But with the evidence of direct occupation of Afghanistan (the Taliban will never quit) and R2P in Libya (a failed state devastated by militias) spelling miserable failure, NATO badly needs a “success”. Enter warmongering rhetoric and conceptual manipulation – and this when it’s actually Washington that is deploying Hybrid War all across the chessboard.

Reality occurs beyond NATO’s looking glass. Russia is way ahead of the Pentagon/NATO in A2AD — anti-access/area denial; Russian missiles and submarines may easily prevent NATO fighter jets from flying in Central Europe and NATO ships from “patrolling” the Baltic Sea. For the “indispensable nation”, that hurts – so bad.

Relentless rhetorical hysteria masks the real high-stakes game in play. And that’s where US presidential candidate Hillary Clinton fits in. Throughout her campaign, Clinton has extolled “a major strategic objective of our transatlantic alliance”. The major “strategic objective” is none other than the Transatlantic Trade and Investment Partnership (TTIP) – a NATO-on-trade complementing political and military NATO.

The fact that TTIP, after the latest Dutch leaks, now runs the risk of being mired in Walking Dead territory may be a temporary setback.
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Hillary Doubles Down As FBI Probe Enters Final Stages

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

After interviewing Hillary Clinton’s top aides last week, the question now becomes whether or not the FBI will interview Clinton next as the investigation enters its final stages.

In an interview today with CBS’ “Face The Nation”, Hillary said nobody had contacted her regarding an interview.

“No one has reached out to me yet, but last summer, I think last August, I made it clear I’m more than ready to talk to anybody, anytime.

Clinton also doubled down on her claims that she did nothing wrong.

“It’s a security inquiry, I always took classified material seriously. There was never any material marked classified that was sent or received by me.

Of course, there’s classified and then there’s “classified”, but we’ll save that for another day.

As far as whether or not the FBI will eventually interview Clinton, although the FBI hasn’t said Hillary is the target of the probe, many experts are saying that’s how they see the situation unfolding.

“This certainly sends the signal that they are nearing an end to their investigation. Typically, the way we structured investigations when I was a federal prosecutor is that we would seek to interview the target last. As you begin to interview people who are extremely close to the target of an investigation, people who are considered confidants, you typically interview those people towards the final stages of the investigation. So that way if they tell you something that is contrary to something you’ve already learned, you can immediately challenge them on that information.said Steven Levin, a former federal prosecutor.

“It’s very high-stakes. They’re only going to ask her questions that they know the answers to already.” added former U.S. attorney Matthew Whitaker.

As far as one angle that may be played if Clinton is found to have mishandled classified information, that it was not intentional, national security lawyer Bradley Moss says that’s irrelevant.

“The extent to which the person intended to remove classified documents is irrelevant. All that matters for strict legal purposes of culpability is whether the person, by virtue of their official position, came into possession of classified information and affirmatively removed the information to an unauthorized location.

Outside of whether or not the FBI decides to interview Clinton, there
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Obama: TTIP Necessary So As To Protect Megabanks From Prosecution

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Eric Zuesse,

On May 7th, Deutsche Wirtschafts Nachrichten, or German Economic News, headlined, “USA planen mit TTIP Frontal-Angriff auf Gerichte in Europa” or “U.S. Plans Frontal Attack on Europe’s Courts via TTIP,” and reported that, “America’s urgency to sign TTIP with Europe has solid reason: Megabanks must protect themselves from claims by European investors who allege that they were cheated during the debt crisis. … The U.S. Ambassador to Italy has now let the cat out of the bag on this — probably unintentionally.”

In this particular case, the megabank that’s being sued isn’t American but German, Deutsche Bank, which the U.S. Ambassador to Italy has cited as his example to defend, perhaps so as to appeal to Germans to protect their megabanks against lawsuits from foreign investors (such as Italians) who complain. In that case it was investors in the Italian city of Trani, population 53,000. The smallness of the city was an issue the Ambassador raised against the suit’s having been brought there.

Reuters headlined on May 6th, “Italian prosecutor investigates Deutsche Bank over 2011 bond sale”, and reported that, “An Italian prosecutor is investigating Deutsche Bank (DBKGn.DE) over its sale of 7 billion euros ($8 billion) of Italian government bonds five years ago, an investigative source told Reuters. A prosecutor in Trani, a town in southern Italy, is investigating because Deutsche Bank allegedly told clients in a research note in early 2011 that Italy’s public debt was no cause for concern, and then sold almost 90 percent of its own holding of the country’s bonds.” The U.S. bond-rating agencies are also subjects in this suit, because Trani had relied upon their ratings of those bonds.

The Obama Administration (through its Italian Ambassador) seems thus to be saying, in effect, that unless TTIP is passed into law, Europe’s megabanks (and the U.S. bond-rating agencies, S&P, Moody’s and Fitch) will be able successfully to be sued by cheated investors, just as has been happening with such American banks as JPMorgan/Chase and Goldman Sachs in the United States, which — since TTIP hasn’t yet been in force anywhere, including in the U.S. — were forced to pay billions to cheated investors. Apparently, Obama would be happier if those suits had been impossible in the U.S. The argument here, though only implicitly, seems to be that TTIP is the way to protect megabanks…
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“Love The Communist Party” – China Threatens Its Entrepreneurs Not To Become “Trumpeters Of Western Capitalism”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

China’s leadership is trying to manage a tenuous balancing act between letting the private sector grow the economy, and making sure that its focus remains true to the party message.

In 2002, then president Jiang Zemin welcomed entrepreneurs to the party, and according to Bloomberg, the private sector has since grown to make up more than 60% of China’s economy. As the private sector developed, however, it has done so in a way that is concerning to current president Xi Jinping. Some Chinese have “unwittingly become trumpeters of Western capitalistic ideology” which could lead to “disastrous consequences.” Xi said in a speech at Beijing’s Party School last December.

Thus, through speeches of his own, and through government media outlets, president Xi is setting out to remind the private sector of just what its role is, and what its priorities should be.

Xi’s speeches are very clear about the party message. In March, Xi told businessmen that entrepreneurs shouldn’t simply make money, they must “love the motherland, love the people, love the Communist Party, and actively practice socialist core values.” The media arm of the government is doing its part by picking up the rhetoric as well. China Daily wrote that tycoons colluding “with corrupt officials” have sparked “wide doubt over the private sector and its role.” While the party periodical Red Flag Manuscript joined in, saying “some business people in the nonstate economy, especially some entrepreneurs, are having errors in their thinking.” They “lack faith in Marxism, socialism, and communism.”

One businessman who felt the brunt of China’s expanding propaganda, is Ren Zhiqiang, a retired real estate tycoon who must serve a one-year probation for publishing “erroneous views” that “seriously violate the Party’s political discipline,” according to a May 2 statement by a Beijing party committee. A party member, he got in hot water after questioning the president’s call for tighter controls over the media.

With about 73 million private enterprises and family businesses in China, the private sector has become a very important piece to the overall economy, but not too important to be outside of the party message of course. “Private enterprises, for the government, are an indispensable part of the economy. But if they develop too well, officials may knife them. A strong
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If Everything Is So Great, Where Are The Unicorn IPOs?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Mark St.Cyr,

Over the course of the last week it seemed no matter where I turned in the business media one meme was being pushed above all others: It’s still a great time to be a private tech unicorn. Implying, that funding rounds were still “robust.”

What wasn’t said, so I will, is this: It’s a great time to be a private “unicorn” rather, than take the chance and become the poster-child for the IPO apocalypse. For it’s better to be assumed a $BILLION dollar success story rather, than IPO and officially open the books to the market and remove all doubt – that you’re not.

It would seem “additional funding rounds” is the story (the only story I’ll contend) that keeps the whole “unicorn” meme alive. For if these were great companies, at great valuations, with great prospects to earn or reward investors, founders, employees and so forth untold riches (which of course is told as to lure and keep talent and others) during the same period the “markets” were within a trading days movement of reaching never before seen in human history highs. How many tech unicorns of the over 150 now residing in the “unicorn stable” even hinted at a date, never-mind actually announced? __________ (Insert crickets here.)

At this stage a few questions must now be addressed. One would be: If it not now, when? And not a vague “when.” But rather: precisely when?

If a company today that has been raising funds to even be within this so-called “exclusive club” can’t articulate a date, or time period, with specificity. In other words: Definitive announcements that have meaning with dates such as those declaring “within the next 30, 90…,” whatever days. Or, something reminiscent of stating “November of this year barring a market panic or sell off etc., etc.” Not some lame “Market conditions warranted us deciding to postpone setting a date blah, blah, blah…” PR trash. Than are they to be believed of any metrics?

Why is this so important one might be asking? Easy, let’s put this into some context:

For all intents and purposes, 2016 is close to being over for just an announcement and the time needed to follow up with the subsequent roadshow to price and launch. Remember, we are currently 5 weeks…
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Venezuelan Opposition Leader Assassinated Days After 1.8 Million Sign Petition To Oust Maduro

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The situation in hyperinflating socialist paradise Venezuela just moved one step closer to chaotic totalitarianism. With President Maduro clinging to power (thanks to his military ‘assistance’) amid growing social unrest (1.8 million signatures gathered seeking a referendum to remove him), FoxNews Latino reports German Mavare, leader of the opposition UNT party, died Friday after being shot in the head, asassinated in the western state of Lara, according to his organisation. Maduro has appeared on State TV tying Mavare to “armed groups” and suggested that more right-wing politicians are potential targets.

The Venezuelan people are growing increasingly angry at the nightmare of economic squallor Nicolas Maduro appears to have laid at their door (thanks in large part to an overly-generous socialist agenda runnining out of other people’s petrodollars)…

In less than a week, more than 1.8 million people in Venezuela signed petitions seeking a referendum to remove President Nicolas Maduro from office. That’s nine times the required 200,000 signatures.

The opposition said in a statement they delivered the petitions in 80 sealed boxes early Monday morning without notifying the media to avoid potential clashes with Maduro’s supporters.

Ousting Maduro will not be an easy task despite his approval rating plummeting amid triple-digit inflation, widespread food shortages and near-daily power blackouts. Recent polls suggest two-thirds of Venezuelans want him out.

If the National Electoral Council verifies the signatures in the coming days, it would trigger a second petition drive during which 20 percent of the electorate, almost 4 million people, would have to sign before a referendum could be scheduled on removing Maduro before his term ends in 2019.

If a vote were held, the president would be removed only if the number of anti-Maduro votes exceeded the 7.6 million votes he received in the 2013 election. In December’s parliamentary elections, opposition candidates mustered only 7.7 million even though they won control of the legislature by a landslide.

President Maduro has recently dug in against what he calls opposition attempts to destabilize Venezuela…

“If the oligarchy were to do something against me and take this palace by one means or another, I order you, men and women of the working class, to declare yourselves in rebellion and undertake an indefinite strike.”

And now, it appears ‘someone’ has “rebelled”…Venezuelan
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Bill Ackman Let Massive Profits Slip into Losses 3 Times in Herbalife Short (Video)

Courtesy of ZeroHedge. View original post here.

Submitted by EconMatters.

By EconMatters



Bill Ackman needs a lesson in proper Trade Management for his miscues on managing his Herbalife Short Position. Double Bottom or Head and Shoulders Pattern on HLF Chart? There is still a substantial short interest percentage of the open float in Herbalife, and if the government gives them a relative slap on the wrist in regards to a manageable fine, then there is ample room here for additional squeezing of short positioning. Pershing Square is not so much trading against Herbalife but the general market and a substantial institution ownership of this stock on the street.

I think HLF is a dog myself, but shorting is a strategic business where even more so than normal you have to get the timing right. And Bill Ackman has a real problem with closing out a winning trade here. It is unacceptable to let this trade go against him this many times when he has had such massive gains in this short position. Remember Bill you can always get back in at a much better overall price, let the technical be your guide in regards to taking profits on the trade.

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These Two Charts Refute ALL Claims That the Fed is “Data Dependent”

Courtesy of ZeroHedge. View original post here.

Submitted by Phoenix Capital Research.

What a bunch of nonsense.

For seven years now we’ve been told the US is in a recovery. However, if this were the case, the Fed would have started raising rates years ago (likely in 2012). No other recovery on record saw the Fed maintaining ZIRP for so long.

There is simply no factually credible argument for why rates should be ZIRP if the economy is expanding. You cannot have claims of a “recovery” or expansion while ZIRP is in place. ZIRP is meant to be an emergency policy meant to pull the economy out of a severe recession, NOT a long-term program.

In pictorial form, the red line in the chart below negates the blue line. There is simply NO WAY that GDP expansion is even close to accurate if rates have to be kept at zero for six years after the recession “ended.”

Indeed, even the CPI data suggest the Fed is deceptive. Core CPI is well above the Fed’s “target” rate of 2%. Even a child could look at this chart and see the breakout occurring. The Fed claims to be “data dependent” but all of the data has hit levels at which the Fed claimed it would raise rates again!

Let’s be blunt. The folks running the Fed are not idiots. They know the expansion is nowhere has nowhere near the strength that the official data claims. That’s why they’ve maintained rates at zero for so long.

However, while the expansion is weak, inflation is increasing dramatically. Which is the dreaded stagflation the US experienced in the 1970s. It is also the issue that caused the 1937 mess: inflation rose forcing the Fed to raise during a weak economy. By the way, that mess resulted in stocks losing 50% of their value in the following two years.

Put simply, the inflation genie is out of the bottle. Core inflation is already moving higher at a time when prices of most basic goods are at 19-year lows. Any move higher in Oil and other commodities will only PUSH core inflation higher.

The Fed is cornered. Inflation is back. And Gold and Gold-related investments will be exploding higher in the coming weeks.

We just published a Special Investment Report concerning a secret back-door play on Gold that gives you…
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The Greatest Speech Ever (Is More Relevant Now Than Ever)

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Every now and then, it is good to refresh knowledge of what is truly important in life. So it’s time to redux SmartKnowledgeU’s post “The Greatest Speech Ever” by Charlie Chaplin. Charlie Chaplin was known as the greatest silent actor ever…

The most powerful excerpts from his speech, still very relevant today, in my opinion, are below:

“And the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way. Greed has poisoned men’s souls, has barricaded the world with hate, has goose-stepped us into misery and bloodshed. We have developed speed, but we have shut ourselves in. Machinery that gives abundance has left us in want. Our knowledge has made us cynical. Our cleverness, hard and unkind. We think too much and feel too little. More than machinery we need humanity. More than cleverness we need kindness and gentleness. Without these qualities, life will be violent and all will be lost.

“To those who can hear me, I say – do not despair. The misery that is now upon us is but the passing of greed – the bitterness of men who fear the way of human progress. The hate of men will pass, and dictators die, and the power they took from the people will return to the people. And so long as men die, liberty will never perish.”

And particularly relevant, is the following, as it applies to nearly all world leaders today and it should serve to awaken us to the knowledge that divided we will fall to the brutal immorality of today’s banking/government/military complex, but united, we have the power to change our futures for the better:

You the people have the power, the power to create machines, the power to create happiness. You the people have the power to make life free and beautiful, to make this life a wonderful adventure. Then in the name of democracy let’s use that power – let us all unite. Let us fight for a new world, a decent world that will give men a chance to work, that will give you the future and old age and security. By the promise of these things, brutes have risen to power, but they lie. They do not fulfill


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Zero Hedge

Enemy Of The People?

Courtesy of ZeroHedge. View original post here.

Via The Zman blog,

There has never been a time when normal people did not know the media was biased and biased in a predictable direction. For every non-liberal in the media, there were at least ten liberals. The ratio was probably higher, but then, as now, some lefties liked to pretend they were independents or some third option.

The media used to invest a lot of time denying they had a bias and an agenda, but the only people who believed them were on the Left, which had the odd effect of confirming they had a bias and an agenda.

...



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Phil's Favorites

A 2019 Earnings Recession?

 

A 2019 Earnings Recession?

Courtesy of 

Shout to Leigh!

On the new Talk Your Book – Josh Brown is joined by Leigh Drogen of Estimize, one of the leading providers of crowdsourced financial and economic data to talk about the trend in corporate profits that could potentially lead to an earnings recession later this year.

What is the thing that Leigh is seeing in the data that Wall Street isn’t yet picking up on? What segment of the stock market is most at risk? Why is the crowd smarter than the narrow consensus of Wall Street analysts?

Check out Estimize ...



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ValueWalk

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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Kimble Charting Solutions

Gold & Silver Testing Important Breakout Levels!

Courtesy of Chris Kimble.

Gold and Silver from a long-term perspective have created a series of lower highs over the past 8-years. Will 2019 bring a change to this trend? A big test is in play!

Gold since the lows in 2016 has created a series of higher lows, while Silver may have created a double bottom.

Gold & Silver are currently facing break attempts a (1) and (2). These falling resistance lines have disappointed metals bulls for the past few years.

The direction of Gold and Silver weeks and months from now should be highly influenced by what each does as they are attempting to break above important resistance levels.

To become a member of Kimbl...



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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 ...

http://www.insidercow.com/ more from Insider

Digital Currencies

Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions

Courtesy of Zero Hedge

While the market has been increasingly focused on the rising headwinds in the global economy in general, and China's economic slowdown in particular, while the media is obsessing over daily revelations that Trump may or may not have colluded with Russia to get elected, a far more critical, if underreported, shift has been taking place over the past year.

As we reported in June, whether due to concerns over draconian western sanctions and asset confiscations following the poisoning of former Russian military officer Sergei Skripal, or simply because it wanted to diversify away from the dollar, Russia liquidated virtually all of its Treasury holdings in the late spri...



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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...



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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's failure based on his personality, which was evident years ago. This article, written in 2017, references a prescient article Bill wrote before Trump became president, in July, 2016, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

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 www.shutterstock.com

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.

...

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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...



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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:

 

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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.

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