Archive for 2018

Clearside Biomedical Plunges 60% Following Phase 3 Study Results

Courtesy of Benzinga.

Clearside Biomedical Plunges 60% Following Phase 3 Study Results

Shares of Clearside Biomedical Inc (NASDAQ: CLSD), a biopharmaceutical company that focuses on the treatment of serious eye diseases, plunged 60 percent Monday after announcing disappointing results from a Phase 3 study.

What Happened

Clearside said in a press release its Phase 3 clinical trial called SAPPHIRE for the treatment of patients with retinal vein occlusion (RVO) failed to achieve its primary endpoint. The purpose of the study was to evaluate the superiority of its XIPERE therapy used in combination with Eylea compared to Eylea as a monotherapy.

The company said around 50 percent of patients in both arms showed at least a 15 letter improvement in vision. However, there was no observable additional benefit for patients receiving its XIPERE together with Eylea.

Why It’s Important

Due to the results in the clinical trial, the company will discontinue clinical development of combination therapy for RVO, including the SAPPHIRE study and its companion Phase 3 clinical trial TOPAZ.

What’s Next

Despite a setback in the clinical study, Clearside CEO and President Daniel White said the opportunity in its primary indication, unveitis, remains very attractive. The company remains on track to submit a New Drug Application (NDA) for the indication before the start of 2019.

The stock fell more than 60 percent to $2.11 per share at time of publication.

Related Links:

PhaseBio’s IPO: What You Need To Know

Why Raymond James Is Bullish On Deciphera, Dova Pharmaceuticals

Posted-In: Eye Disease EYLEA XipereBiotech News Movers Trading Ideas General Best of Benzinga

The Health Care Stocks With A Lot Riding On The Midterm Elections

Courtesy of Benzinga.

The Health Care Stocks With A Lot Riding On The Midterm Elections

Americans and investors have a lot riding on Tuesday’s midterm elections, but the health care industry in particular is hanging in the balance.

On Monday, Height Capital Markets named four themes in the health care sector that will be shaped by the election outcome:

  • A Democratic majority in the House and/or Senate would pose a threat to pharmaceutical prices.
  • A Republican majority in both houses of Congress would pose a threat to the future of the Affordable Care Act.
  • California’s Proposition 8 would limit commercial reimbursements for outpatient dialysis to 1.15 times the cost of the care.
  • Ballot propositions in Idaho, Montana, Nebraska and Utah could potentially expand Medicaid programs in those states.

While the impacts on pharmaceutical companies and insurance companies related to the first two themes are well-documented, Height dug deeper into the potential fallout from the second two themes.

Proposition 8

Analyst Andrea Harris recently said Proposition 8 has roughly a 25-percent chance of being passed in California. Based on contributions to anti-Proposition 8 advertising campaigns, Davita Inc (NYSE: DVA) ($66 million in contributions) and Fresenius Medical Care AG & Co. (NYSE: FMS) ($33 million in contributions) would presumably be big winners if the initiative is defeated.

“Proposition 8 supporters are not nearly as well-financed, with just $18.8 million in spending and less than $200,000 remaining on hand,” Harris wrote Oct. 26.

Medicaid Expansion

When it comes to Medicaid expansion votes, Harris said she expects the proposals to pass in all of the states mentioned above except Montana.

“Combined with Virginia and Maine, which we also expect to expand Medicaid in 2019, Medicaid expansion will have notable upside

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24 Stocks Moving In Monday’s Pre-Market Session

Courtesy of Benzinga.


  • ERYTECH Pharma S.A. (NASDAQ: ERYP) rose 9.6 percent to $8.12 in pre-market trading.
  • Ceragon Networks Ltd (NASDAQ: CRNT) rose 9.5 percent to $3.79 in pre-market trading after the company reported upbeat Q3 results.
  • Sharing Economy International Inc. (NASDAQ: SEII) rose 8.4 percent to $3.07 in pre-market trading after gaining 2.55 percent on Friday.
  • Box, Inc. (NYSE: BOX) rose 7.1 percent to $19.75 in pre-market trading.
  • BioXcel Therapeutics, Inc. (NASDAQ: BTAI) shares rose 7 percent to $5.86 in pre-market trading after the company reported the FDA acceptance of IND for lead immuno-oncology candidate, BXCL701, for the treatment of emergent neuroendocrine prostate cancer.
  • Intelsat S.A. (NYSE: I) rose 6.5 percent to $29.60 in pre-market trading.
  • JinkoSolar Holding Co., Ltd. (NYSE: JKS) rose 6.2 percent to $9.52 in pre-market trading after climbing 2.99 percent on Friday.
  • Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) rose 5.9 percent to $2.53 in pre-market trading. Foresight raised its stake in RailVision Ltd. following successful technological and commercial developments.
  • Micro Focus International plc (NYSE: MFGP) shares rose 5.4 percent to $16.78 in pre-market trading. Micro Focus projected revenue for the full year to come in towards the higher end of its weak forecast and reported the departure of its finance director Chris Kennedy.
  • AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) rose 5.4 percent to $5.06 in pre-market trading after surging 15.66 percent on Friday.
  • CooTek (Cayman) Inc. (NYSE: CTK) rose 5.2 percent to $7.99 in pre-market trading after gaining 5.56 percent on Friday.
  • Puxin Limited (NYSE: NEW) rose 5 percent to $7.58 in pre-market trading after dropping 4.62 percent on Friday.
  • National Beverage Corp. (NASDAQ: FIZZ) rose 4.9 percent to $99.63 in pre-market trading.
  • China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) rose 4.7 percent to $2.24 in pre-market trading after surging 28.92 percent on Friday.
  • American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) rose 4.5 percent to $12.00 in pre-market trading after falling 26.91 percent on Friday.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

Check out these big penny stock gainers and losers


  • Flex Pharma Inc (NASDAQ:

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DOJ Investigates ‘Mystery’ Goldman Executive Involved In $4.5 Billion 1MDB Fraud

Courtesy of ZeroHedge. View original post here.

Last week, the DOJ filed the first round of criminal charges related to the massive international fraud that was the 1MDB scandal. US prosecutors allege that more than $4.5 billion was embezzled from the sovereign wealth fund, which was set up by the government of disgraced former Prime Minister Najib Razak, eventually leading the ransacked government fund to a default on nearly $2 billion of local currency bonds, briefly denting the value of the Malaysian ringgit. Holders of those bonds are still working on a restructuring deal with the fund. Meanwhile, former Goldman Sachs Southeast Asia Chief Tim Leissner has pleaded guilty to fraud charges and is expected to cooperate with authorities against other more-senior officials at the bank. One of his fellow bankers, Roger Ng, was arrested by Malaysian police and is expected to be extradited to the US.

There's little doubt that the scandal, which Goldman has, in typical Goldman fashion, tried to pin on a "few rogue employees," will lead to massive fines and possibly other penalties. The bank admitted as much in a regulatory filing on Friday, even suggesting that "other sanctions" – code for a guilty plea for the bank or even more severe penalties levied by the Treasury – could be forthcoming, per Reuters.

Leissner has already admitted that he accepted more than $200 million in stolen funds in an illegal kickback tied to the deal, as well as bribery charges related to his pursuit of the 1MDB deals. And as more details trickle out, the blithe disregard for US securities laws – and even the bank's own compliance department – attributed to Leissner and his team is looking even more galling.


Tim Leissner

All of this is happening at a terrible time for Goldman. It recently underwent a leadership transition, with longtime former CEO Lloyd Blankfein handing the reins to John Solomon, who is best known for moonlighting as an EDM DJ. Blankfein's former second-in-command, Gary Cohn, left the bank nearly two years ago to join the Trump Administration. And as the breadth of the scandal – and the likelihood that the bank's most senior employees may have looked the other way (though, to be sure, Blankfein has repeatedly denied…
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Nassim Taleb Explains How The Global Economy Is More Fragile Today Than In 2007

Courtesy of ZeroHedge. View original post here.

In what was incredibly appropriate timing given the 'shocktober' market blowup, Bloomberg News invited "Black Swan" author Nassim Taleb to its set on Halloween for a discussion about the increasingly fragile market ecosystem in which we all reside, and the mounting risks that, Taleb believes, could soon ignite another financial crisis that will be even more severe than what we saw in 2008.

Taleb, dressed up as "black swan man", wasted little time in explaining how the global economy is becoming increasingly vulnerable to a global debt crisis, how the global quantitative easing did nothing to fix the underlying problem of too much debt – instead it exacerbated it – and how the inevitable reckoning might play out in markets once the long-dreaded "inflection point" finally arrives.


Taleb began the interview by describing how the global aggregate debt burden has only climbed since the crisis. And while this debt is no longer dangerously concentrated in a single sector, like, say, the housing market, it doesn't change the fact that the overall credit risk in the system has been amplified. And while central banks have for years managed to impose metastability in global markets, as they transition from a period of low interest rates back to "neutral", the destructive forces that they long suppressed will surge back to the surface.

Just like he did in the run-up to the 2008 crash, Taleb isn't trying to forecast the next crash; he's only trying to explain how the global economy has become "more fragile today" than it was in 2007.

"You put novocaine on cancer, and what happens? The patient is going to look better, he's going to feel better, but at some point, you pay a higher price."

And while this debt is distributed in different ways, "you don't get a free lunch." In other words, just because governments and corporate balance sheets have done most of the accumulating, doesn't mean that this debt is 'risk-free'.

"Governments, they think they can borrow for free. But they have had to borrow a lot. We have had to borrow more than $1 trillion dollars…and we're paying some $300 billion in interest.

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China Stocks, Yuan Tumble As PMI Plunges To 28-Month Lows

Courtesy of ZeroHedge. View original post here.

Despite additional easing and a 403.5 billion yuan 1-year maturity MLF operation, yuan is tumbling along with China (and Hong Kong stocks) following an ugly Caixin Composite PMI print (the weakest since June 2016).

New orders tumbled to 50.3, the weakest since Feb 2016…

The CSI 300 Consumer Staples Index is the worst performer among 10 industry groups on the broad market with a 2.7% loss.

As Bloomberg's Kwoungwha Kim notes, it is quite a bad day for consumer stocks to underperform. But they are down as October's Caixin PMI tumbled. To keep the economy growing, China needs to nurture its consumer market and that requires more imports!

Offshore yuan is extending Friday's losses from the exuberant Trump trade headline squeeze…

China stocks are giving back Friday's bounce…

And Hang Seng is plunging…

The PBOC skipped open market operations once again but conducted 403.5b yuan of MLF operations (matching the total maturity of MLF at CNY403.5 billion).

President Xi just started speaking and took multiple jabs at President Trump:

Xi reiterated support for multilateral trade, globalization, and some stock standard language on China's role preserving the global trading order.

Xi says globalization is an irreversible "historic trend", and every nation should make their effort in it.

"The will of history will keep rolling forward no matter what." [ZH: Like a tank in Tianenman Square?]

"Openness has become a trademark of China." [ZH: apart from the internet, and trade,...]

"China's door will never be closed, it will only open still wider." [ZH: except to Winnie the Pooh]

"It is our sincere commitment to open the Chinese market." [ZH: if you give us all you IP first]

It does feel like his opening remarks are less of an olive branch to the US trade hawks and more of an admonishment of their outlook. Of course, China critics would counter that Xi has said all of this before.

What Companies Said In Q3 Earnings Calls About The 3 Sources Of Margin Pressure In 2019

Courtesy of ZeroHedge. View original post here.

With the S&P500 75% through Q3 earnings season, which has been generally disappointing despite another quarter of stellar earnings growth (EPS up 26% Y/Y) as investors have focused instead on lackluster revenue growth amid concerns about "peak earnings", US companies have yet to report any shocks or major adverse impact to profitability from higher tariffs. Yet while US corporations say they have so far been successful in blunting the effects from escalating tariffs with China through price increases or changes to their supply chains, they warn that the picture will worsen next year.

This is not to say that tariffs have had no impact: they have slowed timber and grain shipments, raised the cost of clothes hangers and heavy-equipment materials, and compressed margins for chip- and toolmakers, among other effects the WSJ notes. “The negative impact is pretty widespread across the S&P 500,” said Binky Chadha, chief U.S. equity and global strategist at Deutsche Bank. Still, he added, the overall impact is rather modest so far.

There is a reason for that: in a note from Goldman's chief equity strategist David Kostin, he writes that the actual impact of tariffs on 3Q results has been minimal because implementation of the 10% levy on $200 billion of imports from China only started on Sept 24. However, the tariff rate is slated to jump to 25% starting in January 2019 and an additional $267 billion of imports may be subjected to a 25% tariff.

In this context, and reminding Goldman clients that in his 3Q earnings preview, Kostin encouraged investors to focus on how firms would address three mounting margin pressures in 2019: (1) increased tariff rates, (2) a tight labor market, and (3) rising debt costs. Here is what firms have said in response to those 3 points:

Some executives insisted earnings of their firms would be largely unaffected by the tariffs.

  • After assessing the “impact from the different sets of tariffs imposed by the US and China,” Qorvo (QRVO) reported that all existing tariffs were “immaterial on [their] business.”
  • Similarly, eBay (EBAY) suggested that “most of the tariffs have been consumer goods and we haven’t seen very much.”
  • Rollins

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Mortgage Bonds Suffer Worst Month In 2 Years As ‘Marginal Buyer’ Fed Pulls Out

Courtesy of ZeroHedge. View original post here.

Mortgage bond investors are about to become reacquainted with 'moral hazard' and its inevitable consequences.

As the Federal Reserve continues to pull out of US Treasurys and mortgage bonds (the Fed entered its "peak" monthly unwind phase in Q4, where it will allow up to $30 billion and $20 billion in MBS to roll off and on Oct. 31 its balance sheet declined by more than $33 billion, the largest one-week drop since the start of QE), holders of housing bonds who had grown accustomed to steady returns in a rigged market endured their biggest shellacking in 2 years, as Bloomberg pointed out in a story published Friday.

And while at least one prominent bond investor pointed out that Bloomberg's warnings about a "bloodbath" in MBS may have been exaggerated…

…the story's central premise that the retreat of the bond market's 'marginal buyer' is creating headaches for complacent bond bulls is certainly valid, as we've said before. It only takes a quick glance at the 10-year-yield vs. the Fed's balance sheet expansion/unwind to spot the dangers that could lie ahead.


Now, as the Fed-generated tidal wave of liquidity slows to a trickle and the central bank looks to unwind some $1.7 trillion in MBS holdings, "savvy" bond bulls are stuck asking themselves: who the hell is going to step in and stop the bleeding once liquidity dries up further and mortgage bonds continue to fall?

The answer isn't immediately clear.

Kevin Jackson, a managing director on Wells Fargo’s mortgage trading desk recently told Bloomberg:

"When the Fed announced they were going to buy mortgages, we tightened a lot and rolls performed really well – now the reverse is happening. One should expect widening."

Indeed, last month, MBS returns lagged Treasurys by the widest margin since November 2016, when rates surged after Donald Trump's surprise election victory.


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Here’s China’s Massive Plan To Retool The Web

Courtesy of ZeroHedge. View original post here.


The most ambitious project of mass control is the country's “social credit” system. All Chinese citizens will receive a numerical score reflecting their “trustworthiness."

“Across the Great Wall we can reach every corner in the world.”?

So read the first email ever sent from the People’s Republic of China, zipping 4,500 miles from Beijing to Berlin. The year was 1987. Chinese scientists celebrated as their ancient nation officially joined the new global internet.? As the Internet evolved from a place for scientists to a place for all netizens, its use in China gradually grew—then exploded. In 1996, there were just 40,000 people online in China; by 1999, there were 4 million. In 2008, China passed the United States in number of active internet users: 253 million. Today, that figure has tripled again to nearly 800 million (over a quarter of all the world’s people online).

It was also clear from the beginning that for the citizens of the People’s Republic of China, the internet would not be – could not be – the freewheeling, crypto-libertarian paradise pitched by its American inventors. The country’s modern history is defined by two critical periods: a century’s worth of embarrassment, invasion, and exploitation by outside nations, and a subsequent series of revolutions that unleashed a blend of communism and Chinese nationalism. For these reasons, Chinese authorities treasure harmony above all else. Harmony lies at the heart of China’s meteoric rise and remains the underlying political doctrine of the Chinese Communist Party (CCP), described by former president Hu Jintao as the creation of a “harmonious society.” Dissent, on the other hand, is viewed as only harmful to the nation, leaving it again vulnerable to the machinations of foreign powers.

Controlling ideas online has thus always been viewed as a vital, even natural, duty of the Chinese state. Unity must be maintained; harmful ideas must be stamped out. Yuan Zhifa, a former senior government propagandist, described this philosophy in 2007: “The things of the world must have cadence,” he explained. His choice of words was important. Subtly different from “censorship,” “cadence” means managing the “correct guidance of public opinion.”

From the beginning, the CCP made
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3 Million Midterm Ads Analyzed; Here’s A Map Of What Matters Where

Courtesy of ZeroHedge. View original post here.

With midterm election polls opening in less than 48 hours, candidates across the country are in their final push to convince Americans to vote for them – using sophisticated advertising schemes to appeal to their constituents which vary greatly depending on geographic location across the country.

To that end, Bloomberg's Demetrios Pogkas and David Ingold used data from the Nielsen Company to analyze over 3 million election ads for 2018 congressional and gubernatorial races across 210 local television markets in order to get a sense of what matters to whom, and where.

Just because a topic isn’t the top issue in a market doesn’t mean it’s not being discussed. Social issues for example, which include things such as civil rights and abortion, may be the most-mentioned topic in only six markets, but it’s mentioned at least once in 95 percent of all markets.

But not all topics are a staple of campaign pitches nationwide. An issue such as public safety—which includes ads about threats posed by migrants seeking asylum at the southern border, for instance—is a top topic in many of the markets in Texas, but mentioned far less elsewhere. -Bloomberg

Let's drill down by issue:

Health Care and Prescription Drugs

Over 1.2 million ads have mentioned health care, while almost 75% of those ads are from Democrats. The message from the left is essentially "a vote for Democrats is a vote to save or expand protections under the Affordable Care Act." Republican healthcare ads, meanwhile, revolve around promises to protect preexisting conditions.


While Democrats are campaigning on health care, Republicans are focusing on taxes – with over 570,000 ads mentioning the GOP reforms – nearly double the number of tax-related ads run by Democrats.

Despite passing a major tax cut earlier this year, Republican ads in October that mentioned taxes were seven times more likely to be negative than positive. Republicans instead have used the topic to tell voters that Democrats will raise taxes next year if they gain control of the House and Senate. -Bloomberg

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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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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 ... 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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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

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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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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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...

Learn more About Phil >>

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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 >>