Archive for 2018

Weekly Market Recap Feb 11, 2017

Courtesy of Blain.

The non stop up, low volatility market appears to finally be done with.   For nearly a year and a half it’s been rare to see even a down 0.3% day, forget the more normal 0.5%, 0.7%, heck 1% down days.    A lot of decades long records were broken in that time in terms of volatility, and for anyone trying to trade both sides of the tape and not just “up” it was a very strange period.   Finally some volatility has returned.  The S&P 500 had only closed below the 20 day moving average TWICE in half a year – very head scratching.  Finally that changed.  Stuff like this changed Monday:

The S&P 500 had gone 406 sessions without such a decline, marking the longest period without a 5% pullback in 20 years.

Entering this past week the market was extremely oversold – so it was not so much a question of would there be a rally early in the week.  But what would happen AFTER the rally.  So many had been conditioned to buy ANY dip as bulls were bullet proof for so long.   So a few surprising things this week – (a) Monday was really bad even though markets were extremely oversold; that’s certainly different than any recent behavior.   The oversold rally finally came Tuesday.  But (b) instead of a straight shot back up to the moon as many have come to expect – another significant decline followed Thursday, trapping many of those who “buy every dip because you get rewarded”.  So that is also a change in character.   There was a nice rally Friday afternoon but at this point we definitely have a different market than we’ve seen since Election night 2016.  Which at least for us market commentators – makes for a lot more interesting writing!

Randy Frederick, vice president of trading and derivatives for Charles Schwab, noted that stocks have “been going almost straight up since the start of the year,” which meant a pullback was both “expected and healthy” in his

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8 Stocks To Watch For February 12, 2018

Courtesy of Benzinga.

8 Stocks To Watch For February 12, 2018

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

  • Wall Street expects Restaurant Brands International Inc (NYSE: QSR) to report quarterly earnings at $0.57 per share on revenue of $1.26 billion before the opening bell. Restaurant Brands shares rose 0.14 percent to close at $56.51 on Friday.
  • Analysts expect Molina Healthcare, Inc. (NYSE: MOH) to post quarterly earnings at $0.18 per share on revenue of $4.97 billion after the closing bell. Molina Healthcare shares gained 0.58 percent to close at $78.44 on Friday.
  • Before the markets open, First Data Corp (NYSE: FDC) is projected to report quarterly earnings at $0.44 per share on revenue of $1.93 billion. First Data shares slipped 0.44 percent to close at $15.83 on Friday.
  • Terreno Realty Corporation (NYSE: TRNO) disclosed a mixed stock offering. However, terms of the offering were not disclosed. Terreno Realty shares gained 2.37 percent to close at $32.86 on Friday.

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

  • Analysts are expecting Loews Corporation (NYSE: L) to have earned $0.71 per share in the latest quarter. Loews will release earnings before the markets open. Loews shares gained 1.48 percent to close at $46.73 on Friday.
  • After the markets close, FMC Corp (NYSE: FMC) is projected to post quarterly earnings at $1.05 per share on revenue of $994.96 million. FMC shares climbed 2.26 percent to close at $82.68 on Friday.
  • Vulcan Materials Company (NYSE: VMC) raised its quarterly dividend from $0.25 per share to $0.28 per share. Vulcan Materials shares gained 2.91 percent to close at $125.00 on Friday.
  • Wall Street expects Genpact Limited (NYSE: G) to post quarterly earnings at $0.41 per share on revenue of $722.96 million after the closing bell. Genpact shares rose 1.62 percent to close at $31.95 on Friday.

Posted-In: Stocks To WatchEarnings News Pre-Market Outlook Markets Trading Ideas

44 Biggest Movers From Friday

Courtesy of Benzinga.


  • Wesco Aircraft Holdings Inc (NYSE: WAIR) shares rose 27.48 percent to close at $8.35 following better-than-expected quarterly profit.
  • TrovaGene, Inc. (NASDAQ: TROV) climbed 24.43 percent to close at $0.3983. Trovagene presentd data showing synergy of PCM-075 in combination with Zytiga® in castration-resistant prostate cancer model at the 2018 Genitourinary Cancers Symposium.
  • Alliance One International, Inc. (NYSE: AOI) shares jumped 22.69 percent to close at $15.95 on Friday. Alliance One International reported Q3 earnings of $9.80 per share on revenue of $477 million.
  • Inpixon (NASDAQ: INPX) shares climbed 21.64 percent to close at $3.71 on Friday after falling 19.74 percent on Thursday.
  • Pieris Pharmaceuticals Inc (NASDAQ: PIRS) rose 20.14 percent to close at $8.59 after Seattle Genetics reported a multi-program immuno-oncology collaboration deal with Pieris Pharma.
  • Mobileiron Inc (NASDAQ: MOBL) shares jumped 20 percent to close at $4.80 following strong quarterly results.
  • Ion Geophysical Corp (NYSE: IO) gained 19.52 percent to close at $27.55.
  • Unisys Corporation (NYSE: UIS) climbed 18.56 percent to close at $9.90 Unisys reported Q4 earnings of $0.77 per shares on sales of $746.6 million.
  • MCBC Holdings Inc (NASDAQ: MCFT) surged 18.29 percent to close at $26.32 on better-than-expected Q2 results.
  • Viveve Medical, Inc. (NASDAQ: VIVE) rose 18.13 percent to close at $4.43.
  • Catalyst Biosciences, Inc. (NASDAQ: CBIO) jumped 17.85 percent to close at $32.15. Catalyst Biosciences has high expectations for its therapy for the treatment of hemophilia B.
  • Xenon Pharmaceuticals Inc. (NASDAQ: XENE) rose 16.67 percent to close at $3.50.
  • Park City Group, Inc. (NASDAQ: PCYG) gained 16.18 percent to close at $10.05 after the company reported Q2 results.
  • Avinger Inc (NASDAQ: AVGR) shares gained 15.09 percent to close at $4.50 on Friday.
  • Aquinox Pharmaceuticals Inc (NASDAQ: AQXP) shares jumped 14.25 percent to close at $15.31 after the company issued an enrollment update for LEADERSHIP 301 clinical trial of rosiptor.
  • Malibu Boats Inc (NASDAQ: MBUU) gained 11.33 percent to close at $33.40 following upbeat Q2 results.
  • FireEye Inc (NASDAQ: FEYE) gained 9.35 percent

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“Make Sports, Not War”

Courtesy of ZeroHedge. View original post here.

Authored by Eric Margolis via,

Considering that a nuclear conflict over North Korea appeared imminent in recent weeks, the winter Olympics at Pyeongchang, South Korea, is a most welcome distraction – and might even deter a major war on the peninsula.

The highlight of the games was the arrival of Kim Yo-jong, the younger sister of North Korea’s ruler, Kim Jong-un. This was the first time a member of North Korea’s ruling Kim dynasty had come to South Korea. Her handshake with South Korea’s president, Moon Jae-in was a historic and welcome moment.

So too the planned joint marches by North and South Korean athletes under a new reunification flag.  For all Koreans, this was a deeply emotional and inspiring ceremony.

But not for US Vice President Mike Pence, who was sent by Trump to give the Olympics the evil eye.  He even refused to stand for the joint marchers in a surly act that spoke volumes about his role.  Whether he meets President Moon or Kim Yo-jong remains to be seen. Even a cup of tea between Pence and Kim could end all the crazy talk about nuclear war. Does anyone in Washington know that North Korea lies between China and Russia?

All this drama is happening as the Trump White House is advocating giving North Korea a `bloody nose.’  Meaning a massive bombing campaign that could very likely include nuclear weapons.  Trump, who received a reported five exemptions from military service because of a little bone spur in his foot, revels in military affairs and thinks a ‘bloody nose’ will warn Kim Jong-un to be good. Trump is planning a big military parade at which he will take the salute.

This writer went through US Army basic and advanced infantry training with a broken bone in my foot, and has no sympathy with the president’s militaristic pretensions.

South Korea’s able president Moon is moving heaven and earth to prevent a war in which his nation would be the main victim. 

Some 2-3 million Korean civilians died in the 1950-53 Korean War.  All North Korea and much of South Korea were bombed flat by US air power.  Now, as tensions surge, US heavy bombers and nuclear weapons ring North Korea, ready to flatten the north and make the rubble bounce.

North Korea’s thousands…
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By joniferdingcong. Originally published at ValueWalk.

In the last 12 months S&P 500 companies have repurchased $517 billon of their own stocks. Simply put the process of share buybacks destroys value in most of the cases, not always.

We discuss how much do companies spend on buying back their own stocks and how does that affect their book value.



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Bezos – How To Build An Innovative Company

By joniferdingcong. Originally published at ValueWalk.

A presentation from the world’s richest person and founder/CEO of Amazon, Jeff Bezos. In this presentation, Jeff shows how Amazon thinks about innovation and his key principles to be innovative and successful.Books on Jeff Bezos and his favourite books are located at the bottom of the description.


Video Segments:

0:00 Introduction

0:09 Problems and solutions

2:45 Persistence

4:25 Learned helplessness

7:38 Approach to innovation

9:58 Reject either or thinking

13:25 Maximise experimentation

17:50 Obsess about the customer

30:25 Do not be distracted by the outside world

34:33 Listen

35:14 Look for what has changed and act accordingly

44:50 Hire builders

Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.

The post Bezos – How To Build An Innovative Company appeared first on ValueWalk.

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Stock & Bond Investors Are Now Paying The Price For The Fed’s Dangerous Experiment

Courtesy of ZeroHedge. View original post here.

Authored by Vitaliy Katsenelson via,

The Federal Reserve’s changing of the guard — the end of the Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union.

Back then, our local grocery store had two types of sugar: The cheap one was priced at 96 kopecks (Russian cents) a kilo and the expensive one at 104 kopecks. I vividly remember these prices because they didn’t change for a decade. The prices were not set by sugar supply and demand but were determined by a well-meaning bureaucrat (who may even have been an economist) a thousand miles away.

If all Russian housewives (and house-husbands) had decided to go on an apple pie diet and started baking pies for breakfast, lunch, and dinner, sugar demand would have increased but the prices still would have been 96 and 104 kopecks. As a result, we would have had a shortage of sugar — a common occurrence in the Soviet era.

In a capitalist economy, the invisible hand serves a very important but underappreciated role: It is a signaling mechanism that helps balance supply and demand. High demand leads to higher prices, telegraphing suppliers that they’ll make more money if they produce extra goods. Additional supply lowers prices, bringing them to a new equilibrium. This is how prices are set for millions of goods globally on a daily basis in free-market economies.

In the command-and-control economy of the Soviet Union, the prices of goods often had little to do with supply and demand but were instead typically used as a political tool. This in part is why the Soviet economy failed — to make good decisions you need good data, and if price carries no data, it is hard to make good business decisions.

When I left Soviet Russia in 1991, I thought I would never see a command-and-control economy again. I was wrong.

Over the past decade the global economy has started to resemble one, as well-meaning economists running central banks have been setting the price for the most important commodity in the world: money.

Interest rates are the price of money, and the daily decisions of billions of people and their corporations and governments should determine them. Like the price…
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JPMorgan Publishes The “Bitcoin Bible”

Courtesy of ZeroHedge. View original post here.

Five months after Jamie Dimon’s infamous outburst, in which the JPM CEO called Bitcoin a fraud, and threatened any JPMorgan trader caught trading cryptocurrencies with immediate termination “for being stupid”, which was followed by JPM’s head quant alleging bitcoin was a pyramid scheme, the largest US bank has released what can only be called the “Bitcoin Bible“: 71 pages of excruciating detail on everything from the technology of cryptocurrencies, to their applications and challenges. 

While there is too much in the report – which was published on the same day that the NY Fed admitted that in “A Dystopian World, Bitcoin Would Dominate Payment Methods” which of course is the whole point behind cryptos which as a contingency plan to the collapse of fiat currencies – to be summarized in one post, and instead we will focus on the key points over the next few days, below we republish the Executive Summary from the report, highlighting the key sections.

Executive Summary


  • J.P. Morgan researchers from across a wide range of expertise analyze various aspects of Cryptocurrency (CC) to gain insight on this market and its potential evolution in this report. CCs’ extremely rapid growth, and then fall, both in terms of number of CCs and prices and their challenge to the current financial infrastructure, are forcing all market participants to closely monitor and understand this new market.
  • Cryptocurrencies are virtual currencies that are created, stored and governed electronically by an open,  decentralized, cryptography system. CCs can be used to exchange money, to buy certain goods/services or as an investment. There are over 1,500 cryptocurrencies with a market cap of some $400bn as of February 8, 2018, with Bitcoin being the largest representing a third of the market according to CoinMarketCap.
  • Launched in early 2009, Bitcoin (BTC) is the dominant cryptocurrency with a market cap of $140 billion (representing one-third of the CC market) and nearly 17 million BTC units in circulation (capped at 21 million). Bitcoin was the first major cryptocurrency and has spawned many competing CCs and technologies, many of which still fall back to Bitcoin as a support currency. Bitcoin itself has split into two cryptocurrencies, Bitcoin and Bitcoin Cash, to improve liquidity.


  • Cryptocurrencies are the face of the innovative maelstrom around the

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Hulu Falls Deeper Into The Red After Burning Nearly $1 Billion In 2017

Courtesy of ZeroHedge. View original post here.

More than one million Americans ditched their cable service during the third quarter of 2017, and once complete figures are available from the Q3 earning season, it’s a virtual certainty that this trend will continue, as the oligopoly of cable companies – many of which have a virtual monopoly in their regional markets - have largely stuck with expensive packages that leave consumers little opportunity to opt out of programming they don’t want.

The deterioration of cable’s dominance was underscored a year ago when the number of Netflix subscribers surpassed the number of pay-TV subscribers.


Cable subscriptions have been declining steadily since 2013. But for all this talk of “cord cutting”, many investors and consumers perhaps don’t realize that streaming services – most notably industry leader Netflix – are cash burning machines. So far, investors have mostly ignored this, prioritizing subscription numbers over all else. Netflix shares soared to all-time highs in January, a repeat of their reaction from the previous quarter, when it announced the addition of 8.4 subs in Q4 – its highest ever quarterly increase. Though, according to its forecasts, it will likely burn between $3 and $4 billion in cash as it commits a record $8 billion to developing new content.

Amazon Prime’s streaming service, the second-largest in terms of subscriber count behind Netflix, has only a negligible impact on the company’s overall cash burn.

But according to information gleaned from Comcast’s latest 10K, Hulu, the No. 3 service, burned through $920 million of the $1 billion its parent companies invested in original content. Comcast alone invested $300 million in Hulu last year and booked a $276 million loss, according to Variety.

Hulu dropped deeper into the red last year as it boosted spending on originals and launched its live TV service — and the losses are expected to mount in 2018, as it continues to invest in content to fuel growth.

In 2017, Hulu lost $920 million, versus a loss of $531 million a year earlier. Its four owners — Comcast, 21st Century Fox, Disney and Time Warner — invested $1 billion in the streamer (versus $733 million in 2016, including $583 million from Time Warner).

The figures are based on Comcast’s 10-K disclosures, which said it invested $300 million in Hulu last year and recorded

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Dow Futures +200, Run Friday Stops As The Dollar Sinks

Courtesy of ZeroHedge. View original post here.

Friday’s late-day panic-buying has prompted some further excitement as futures open with The Dow up 200 points, just managing to take out Friday’s high stops…

S&P Futures have already rolled back below the stops..

The Dollar Index is notably lower…testing Thursday’s lows…

With Japan on holiday, cash bonds are not trading but futures suggest 30Y yields are around 2bps wider…

So all-in-all the machines are in stop-hunt mode as Sunday begins.


Zero Hedge

Auto Shares Surge As Fiat, Renault Confirm Merger Talks

Courtesy of ZeroHedge. View original post here.

With President Trump in Japan for a state visit and most of Europe headed to the polls to vote in the quinquennial EU Parliamentary elections, there was enough news to keep market watchers occupied during what was supposed to be a quiet holiday weekend in the US. 

But on top of these political headlines, on Saturday afternoon, the news broke that Italian-American carmaker Fiat Chrysler had approached France's Renault with a merger proposal that would leave the shareholders of each carmaker with half of the combined company, in a tie-up that would create the world's third-largest au...

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Phil's Favorites

Trump and the problem with pardons


Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...

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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ... more from Insider

Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...

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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!

Alistair Williams Comedian youtube

This is a classic! ha!

Fundamentals are important, and so is market timing, here at we believe a combination of Gann Angles, ...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control


Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...

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DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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


DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University


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More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...

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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


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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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 >>