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  1. phil

    Good morning and wheeee!  

    Back to good old 2,640 so this whole week didn't matter – which is generally how I like my vacations to go (though usually not up and down 100 S&P points:

    Senator Sasse sums up yesterday's action very well:

    “Hopefully the President is just blowing off steam again but, if he’s even half-serious, this is nuts.”

    Sen. Ben Sasse

    “China is guilty of many things, but the President has no actual plan to win right now,” Sen. Ben Sasse, R-Neb., said in a statement.

    “He’s threatening to light American agriculture on fire. Let’s absolutely take on Chinese bad behavior, but with a plan that punishes them instead of us. This is the dumbest possible way to do this,” he said.

    Sasse’s home state of Nebraska could be particularly hard-hit by retaliatory Chinese tariffs against U.S. agricultural exports.

    Earlier Thursday, Trump inflamed fears of a trade war with an announcement that he was seeking $100 billion in tariffs on top of the $50 billion already proposed for certain goods from China. Futures markets immediately slumped on fears that the move will make the already jittery stock market even more volatile.

     

    Reports @realDonaldTrump doubling down on China tariffs will tank markets for 2 reasons: 1) a trade war looks more likely and 2) it underscores that this is a president who thrives on confrontation and turbulence, traits sure to unnerve markets that prefer comity and stability

    Once again, the President engages in a policy that only helps Russia – yet no arrests will be made…

    We're still waiting for Non-Farm Payrolls (should be good, about 200,000) but now we have to see if the WH can walk back Trump's new statement but then that just makes him look out of control and unstable – not such a good thing.  Also, we have Consumer Credit at 3pm, that's likely to show some strain.

    Don't forget, we expected to drift around 2,640 into earnings – this is just a very rough way of doing it!  

    It's the same lines we were playing 6 weeks ago! 

    Probably longer – that's just one example I found…





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Zero Hedge

Roche Hiked Cancer Drug Price Before Empty Promise To Keep Flat

Courtesy of ZeroHedge. View original post here.

Swiss drugmaker Roche made an empty promise this week when they pledged on July 11 not to raise drug prices for the rest of the year, reports Naomi Kresge of Bloomberg, right after the company had already completed "the second of its customary two annual increases" on July 1.  

Roche gave the U.S. government its no-price-rises promise on July 11, the company said in a statement Friday. The health sy...



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Small Caps Enjoy Best of Action

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There wasn't a whole lot going on today except Small Caps were able to attract some buyers despite finishing below resistance; bulls have been taking advantage of the 20-day MA test. Today's action coincided with 'buy' signals in the MACD and +DI/-DI.


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Citadel CEO Says Bitcoin Still A "Head Scratcher" But Billionaire Lasry Sees $40,000 Soon

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How summer and diet damage your DNA, and what you can do

Bright sun and fatty foods are a bad recipe for your DNA. By Tish1/shutterstock.com

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Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

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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).

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Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

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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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