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  1. phil

    0.75 to the Dollar – poor Canada!  

    Woops, there's some news, Russia's Medvedev says that Moscow would consider it a "declaration of economic war" and would retaliate "economically, politically, or, if needed, by other means" if the United States imposes bans on Russian banks or their use of a particular currency.

    While he did not go into detail, Medvedev's reference to "other means" appeared to have been aimed to raise the prospect that Russia could respond with military force or some other form of warfare, such as a cyberattack.

    "I would not like to comment on talk about future sanctions, but I can say one thing: If something like a ban on the operations of banks or on the one currency or another follows, it would be possible to completely directly call it a declaration of economic war," Medvedev said during a visit to the Kamchatka Peninsula in the Russian Far East.

    "And it would be necessary…to react to this war economically, politically, or, if needed, by other means," he said. "And our American friends need to understand this."

    Nice!  I hope Trump fans are very proud that they've voted the US closer to WWIII than we've been at any time since the Cuban missile crisis.  

    The potential sanctions Medvedev was referring to were proposed in draft legislation introduced on August 2 by a bipartisan group of senators including Republican Senator Lindsay Graham, who said its proponents want to "impose crushing sanctions and other measures against [President Vladimir] Putin’s Russia until he ceases and desists meddling in the U.S. electoral process, halts cyberattacks on U.S. infrastructure, removes Russia from Ukraine, and ceases efforts to create chaos in Syria.”

    The prospects for passage of what Graham called the "sanctions bill from hell" are uncertain.

    The full U.S. Congress will not be back in Washington until September, and the Reuters news agency cited congressional aides as saying they do not expect the measure to pass in its entirety.

    The aides said that, while it is hard to predict weeks in advance, it is more likely that some of its provisions would be included as amendments in another piece of legislation, such as a spending bill that Congress must pass before September 30 to avoid a government shutdown.

    A week after it was introduced, the Defending American Security from Kremlin Aggression Act (DAKSAA) of 2018 made waves again on August 8 when the Russian daily Kommersant published what it said was the full text of the legislation.

    The Russian ruble dropped sharply after the publication. It fell again on August 9, reaching a two-year low, after the U.S. State Department announced that new sanctions will be imposed on Russia over the poisoning of former Russian spy Sergei Skripal and his daughter in England in March, in what Britain, the United States, and others say was an Russian attack using a Soviet-designed nerve agent known as Novichok.

    The first set of sanctions covered by that announcement, which U.S. officials said target export licenses of sensitive U.S. technologies and industrial equipment, such as electronics, calibration equipment, and gas turbine engines, are expected to enter into force around August 22.

    A second set of measures could be substantially broader and would be imposed if Moscow fails to meet a 90-day deadline to provide “reliable assurances” it will no longer use chemical weapons, allow on-site inspections by the UN or other international observer groups, and respond to other U.S. demands.

    Kremlin spokesman Dmitry Peskov called the new sanctions "categorically unacceptable" and "illegal."

    Russian Foreign Ministry spokeswoman Maria Zakharova accused the United States of trying to "demonize" Russia and said Moscow would be preparing a response to "this unfriendly act," but did not elaborate.

    It's very possible, even likely, that this is all a big show – an artificial crisis aimed towards making Trump look good as he comes back from vacation and calms things down with his pal Putin.  I can see how both Putin and Trump would think that would work to restore people's confidence in their relationship.  

    I think I'm going to buy another 1% of HMNY for $1,200, that's 24,000 more shares at 0.05 though we're dubious about the actual share count.

    Remember, our time-frame for /RB is into the end of month holiday weekend – not day to day right now.  I'm just worried we won't see $2 again so I'm accumulating here.  

    Don't forget, for Europe, -1.25% is a bounce line so we look for weak (0.25%) bounces and strong (0.5%) bounces to see if they are breaking back up or just bouncing before going lower.  





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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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Zero Hedge

To The Stars

Courtesy of ZeroHedge. View original post here.

Authored by Sven Henrich via NorthmanTrader.com,

Every once in a while, especially at market extremes, it’s good to take a stake of the bigger picture. Now that the market, highly encouraged by the Fed, has baked in a rate cut for July (25bp or 50bp we shall see) a quick look at some yearly charts may provide some eye opening context as to where and when this rate cut is supposed to take place.

...



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Phil's Favorites

The PhilStockWorld com LIVE Weekly Webinar - 07-17-19

 

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

 

Major Topics:

00:02:11 Indexes Charts
00:02:59 Energy Charts
00:04:28 S&P500
00:18:48 Money Talk Portfolio
00:31:25 7 Steps to Consistently Making 30-40% Annual Returns
00:35:41 Top Trades
00:45:33 Long Term Portfolio
00:49:34 WPM
00:50:34 NFLX
01:06:31 Petroleum Status Report
01:09:16 Money Talk Portfolio Review
01:23:40 AAPL
01:33:06 Natural Gas
01:38:43 Charts and Portfolio Reviewa
01:44:20 Trade Ideas

Phil's Weekly Trading Webinars provide a great opportunity to learn ...



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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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Kimble Charting Solutions

Silver ETF (SLV) Testing Dual Breakout Resistance

Courtesy of Chris Kimble.

Silver (NYSEARCA: SLV) has been in a bit of a slumber when compared to the price action for Gold (NYSEARCA: GLD).

Precious metals bulls hope that this about to change, as bullish action from Silver is necessary to confirm any bull market / move in metals.

Today’s chart takes a closer look at the Silver ETF (SLV) on a weekly basis. As you can see, Silver is up 5 percent this week alone.

This is good news for metals bulls. But this rally isn’t confirming a breakout just yet.

As you can see in the chart below, SLV has been trading between support (1) ...



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Insider Scoop

Analysts Weigh In On Netflix's Rocky Quarter

Courtesy of Benzinga.

Netflix, Inc. (NASDAQ: NFLX) reported second-quarter results highlighted by an uncharacteristic decline in U.S. subscribers while international subscriber adds missed expectations. Here is a summary of how some of the Street's top analysts reacted to the print.

The Analysts

Mor...



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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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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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