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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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Zero Hedge

Sometimes The Best Solution Is To Leave Things As They Are

Courtesy of ZeroHedge. View original post here.

Authored by Charles Hugh Smith via OfTwoMinds blog,

We must distinguish between the oft-lauded creative destruction of what is obsolete and destruction in pursuit of fleeting fashion.

I recently received an insightful email from a reader who had come across my archives of free-lance articles and essays on home and urban design. I wrote dozens of articles for S.F. Bay Area newspapers from 1988 to 2006, an...



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Chart School

Weekly Market Recap Feb 17, 2019

Courtesy of Blain.

The “V” shape bounce continues in unrelenting fashion as bulls are stampeding bears in 2019!  All due to a little “patience” from the Federal Reserve.  It is really quite breathtaking but we have seen it repeatedly the past decade as the Federal Reserve pours gas on the market.  Hopes for a deal with China also spurred the action upward.  Rallies (both with gap ups) on Tuesday and Friday provided the juice this week.   The S&P 500 is back over its 200 day moving average after being below for 46 days – it’s longest period of time below that level since March 2016.

Mat Klody, chief investment officer at Keebeck Wealth Management, told MarketWatch that the major benchmarks’ steady march higher since the beginning of the year is being driven &#x...



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Phil's Favorites

Modern Monetary Madness

 

Modern Monetary Madness

BY JOHN MAULDIN, Thoughts from the Frontine 

More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I looked into it and fairly quickly dismissed it as silly. Actually printing money as an economic policy? Get serious.

MMT is a revival of an e...



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ValueWalk

JNJ CEO Alex Gorsky On Partnering With Apple [Full Transcript]

By Jacob Wolinsky. Originally published at ValueWalk.

CNBC Exclusive: CNBC Transcript: JNJ CEO Alex Gorsky Speaks to CNBC’s Jim Cramer Today

Image source: CNBC Video Screenshot

WHEN: Today, Friday, February 15, 2019

WHERE: CNBC’s “Mad Money w/ Jim Cramer

The following is the unofficial transcript of a CNBC EXCLUSIVE interview with JNJ CEO Alex Gorsky and CNBC’s Jim Cramer on CNBC’s “Mad Money w/ Jim Cramer” (M-F 6PM – 7PM) today Friday, February 15. The following is a link to video from th...



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Digital Currencies

Is blockchain all hype? A financier and supply chain expert discuss

 

Is blockchain all hype? A financier and supply chain expert discuss

Iaremenko Sergii/Shutterstock.com

Coutesy of Carlos Cordon, IMD Business School and Arturo Bris, IMD Business School

This is an article from Head to Head, a series in which academics from different disciplines chew over current debates. ...



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Kimble Charting Solutions

Gasoline bullish breakout could fuel higher prices, says Joe Friday

Courtesy of Chris Kimble.

Are we about to pay much higher prices at the gas pump? Possible!

This chart looks at Gasoline futures over the past 4-years. Gasoline has become much cheaper at the pump, as it fell nearly 50% from the May 2018 highs. The decline took it down to test 2016 & 2017 lows at (1). While testing these lows, Gasoline could be forming a bullish inverse head & shoulders pattern over the past few months.

Joe Friday Just The Facts- If Gasoline breaks out at (2), we could all see higher prices at the gas pump. If a breakout does...



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Insider Scoop

10 Stocks To Watch For February 15, 2019

Courtesy of Benzinga.

Some of the stocks that may grab investor focus today are:

  • Wall Street expects PepsiCo, Inc. (NASDAQ: PEP) to report quarterly earnings at $1.49 per share on revenue of $19.52 billion before the opening bell. PepsiCo shares rose 0.2 percent to $112.82 in after-hours trading.
  • NVIDIA Corporation (NASDAQ: NVDA) reported upbe...


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

Biotech

Cancer: new DNA sequencing technique analyses tumours cell by cell to fight disease

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

 

Cancer: new DNA sequencing technique analyses tumours cell by cell to fight disease

Illustration of acute lymphoblastic leukaemia, showing lymphoblasts in blood. Kateryna Kon/Shutterstock

Courtesy of Alba Rodriguez-Meira, University of Oxford and Adam Mead, University of Oxford

...

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Members' Corner

Why Trump Can't Learn

 

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

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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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:

 

·       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.

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