Archive for 2019

“Erratic Movement” In Earth’s Magnetic Field Threaten Global Navigation

Courtesy of ZeroHedge. View original post here.

Earth's magnetic field, otherwise known as the geomagnetic field, is the magnetic field that extends from the Earth's inner core out into space, where it deflects harmful radiation from the Sun.

But now something bizarre is taking place. Earth’s north magnetic pole has been rapidly shifting away from Canada and towards the Siberian Federal District, driven mostly by liquid iron churning deep within the planet’s core.

"The magnetic pole is moving so quickly that it has forced the world's geomagnetism experts into a rare move," Nature reported.

On January 30 (delayed due to the US Government shutdown), the World Magnetic Model (WMM), a large spatial-scale representation of the Earth's magnetic field, will be updated.

WMM is the standard geomagnetic model of the US Department of Defense (DoD), the Ministry of Defence (United Kingdom), the North Atlantic Treaty Organization (NATO), and the World Hydrographic Office (WHO) navigation and attitude/heading reference.

The current model was expected to be valid until 2020, but extraordinarily large and erratic movements of the north magnetic pole have been realized and had to be fixed immediately.

"They realized that it was so inaccurate that it was about to exceed the acceptable (safe) limit for navigational errors," Nature said.

Geophysicists from the US National Oceanic and Atmospheric Administration (NOAA) and the British Geological Survey regularly monitor the current state of Earth's magnetic field.

Nature said consistent monitoring is necessary because liquid iron churning in the Earth's core does not move in a uniform manner.

The movement of the north magnetic pole has been studied since 1831. Initially, it was tracked moving into the Arctic Ocean at a rate of about 9.3 miles each year. But, since the mid-1990s, it has accelerated.

It is now moving at a rate of about 34.17 miles per year.

However, geophysicists are not exactly sure why the magnetic field is shifting so quickly.

"Geomagnetic pulses, like the one that happened in 2016, might be traced back to 'hydromagnetic' waves arising from deep in the core," Nature reported. "And the fast motion of the north magnetic pole could be linked to a high-speed jet of liquid iron beneath Canada."

This fast-flowing molten river appears to be weakening the magnetic influence of the iron core beneath North America.

"The location of the north magnetic pole appears to…
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Bullish Raymond James Appreciates Yeti’s ‘Impressive’ Earnings Pre-Announcement

Courtesy of Benzinga.

Bullish Raymond James Appreciates Yeti's 'Impressive' Earnings Pre-Announcement

Shares of premimum cooler maker Yeti Holdings Inc (NYSE: YETIwere soaring Monday in reaction to an encouraging preliminary fourth-quarter announcement.

What Happened

Yeti said in a press release that net Q4 sales rose 19 percent year-over-year to $241.2 million, while direct-to-consumer sales increased 45 percent to $110.5 million and wholesale sales rose 4 percent to $130.7 million. By segment, drinkware sales rose 24 percent to $143.5 million, while coolers and equipment sales rose 10 percent to $91.2 million.

Why It’s Important

Yeti’s pre-earnings announcement was “impressive” and highlighted by an “especially strong” performance in the drinkware segment, which outperformed expectations for 9-percent growth, Raymond James’ Dan Wewer said in a research report. The company also benefited in the quarter from new product launches like dog bowls and chairs, the analyst said. 

Raymond James has an Outperform rating on Yeti with a $19 price target. 

What’s Next

Looking forward to fiscal 2019, Yeti is expected to see 12-percent sales growth due to the brand’s continued momentum, new product categories and continued expansion in the direct-to-consumer business, Wewer said. 

Yeti’s strong quarter comes at a time when the stock is still trading at a discount to its peers at 11.1 times 2019 estimated EV/EBITDA, which is 31 percent below the comparable universe average, according to Raymond James. 

Yeti shares were rising 9.69 percent to $18.29 at the time of publication Monday. 

Related Links:

Sell-Side Roundup: Yeti Exceeds Expectations In First Quarterly Print Since IPO

5 Stocks To Watch For January 14, 2019

Photo by Tony Webster/Wikimedia. 

Posted-In: coolers Dan WewerAnalyst Color Earnings News Price Target Reiteration Analyst Ratings Best of Benzinga





41 Stocks Moving In Monday’s Mid-Day Session

Courtesy of Benzinga.

Gainers

  • Microbot Medical Inc. (NASDAQ: MBOT) shares jumped 119.2 percent to $5.27 after the company reported a European patent covering its ViRob technology platform.
  • Pedevco Corp (NYSE: PED) shares climbed 33.6 percent to $1.67 after the company entered an agreement to acquire 22,000 Acres in the Permian Basin and raised $15 million.
  • Renmin Tianli Group, Inc. (NASDAQ: ABAC) gained 31.1 percent to $1.6254 after the company announced it entered an equity transfer agreement to acquire 40 percent equity interest in Dalian Lianhui Hotel by issuing 4,00,000 shares of Renmin Tianli common stock.
  • SSLJ.com Limited (NASDAQ: SSLJ) climbed 23.5 percent to $0.5210 after the company announced it plans to take appropriate measures after receiving a Nasdaq deficiency notice.
  • USA Technologies, Inc. (NASDAQ: USAT) shares jumped 22.3 percent to $6.20 after the company provided an open letter to shareholders related to the Audit Committee Probe.
  • Christopher & Banks Corporation (NYSE: CBK) rose 20 percent to $0.6264 after the company reported holiday comps increased 3 percent since last year; The company also reaffirmed FY19 guidance.
  • Gannett Co., Inc. (NYSE: GCI) rose 17 percent to $11.40 after MNG Enterprises confirmed a proposal to acquire Gannett for $12.00 per share in cash.
  • DropCar, Inc. (NASDAQ: DCAR) gained 16.3 percent to $0.4186 after the company announced a deal with Turo to use DropCar’s Mobility Cloud services to provide enhanced vehicle pick-up and drop-off.
  • VIVUS, Inc. (NASDAQ: VVUS) rose 13.7 percent to $3.66.
  • The Alkaline Water Company Inc. (NASDAQ: WTER) gained 13.3 percent to $3.5450.
  • Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) gained 12.1 percent to $5.95.
  • Goldcorp Inc. (NYSE: GG) shares rose 10.6 percent to $10.70 after Newmont Mining Corp (NYSE: NEM) announced plans to acquire Goldcorp in an all-stock deal valued at $10 billion.
  • Boot Barn Holdings Inc (NYSE: BOOT) rose 10.2 percent to $21.37 after the company issued strong forecast for the third quarter.
  • Youngevity International, Inc. (NASDAQ: YGYI) rose 9.8 percent to $7.18 after surging 17.41 percent on Friday.
  • Tilray, Inc. (NASDAQ: TLRY) surged 8.3 percent to $103.97 after the company announced its VersaFilm product, in development with IntelGenx, should be ready to launch in late Q4.


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Is It Finally Time To Consider Financial ETFs?

Courtesy of Benzinga.

Is It Finally Time To Consider Financial ETFs?

The Financial Select Sector SPDR (NYSE: XLF), the largest financial services exchange traded fund by assets, tumbled 13 percent last year, underscoring the sector’s status as one of the worst-performing groups in the S&P 500.

Moreover, financial services stocks and ETFs were epic disappointments. Expectations were in place for the sector to benefit from rising interest rates, but even as the Federal Reserve obliged with four 2018 rate hikes, financials flailed.

What To Know

XLF targets the Financial Select Sector Index and “seeks to provide precise exposure to  companies in the  diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); consumer finance; and thrifts and mortgage finance industries,” according to State Street.

Following a rough year for XLF and rival financial services ETFs, some analysts are bullish on the fund. AltaVista Research has an Overweight rating on the $23.79 billion XLF. The firm’s Overweight ratings implies “above average appreciation potential.”

“Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals,” said AltaVista.

Why It’s Important

For over a year, the financial services sector, the third-largest sector weight in the S&P 500, has been widely framed as a value play. AltaVista estimates XLF’s price-to-book ratio to be 1.1 and its price-to-earnings ratio to be 10.4. Both are well below the comparable metrics on the S&P 500. Using those metrics, XLF is also the least expensive of the 11 sector SPDR ETFs.

XLF is one of just three sector SPDR ETFs AltaVista has an Overweight rating on.

“Higher interest rates, tax cuts, regulatory relief and faster GDP growth should all help Financials sustain higher margins and ROE into 2019E, though estimates took a big hit on recent market volatility,” said the research firm. “Nonetheless with P/E multiples at their lowest point in 5 years our ratings framework suggests the sector looks attractive vs the S&P 500, and sell-side analysts’ ratings have


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A Peek Into The Markets: US Stock Futures Signal Lower Start On Wall Street

Courtesy of Benzinga.

A Peek Into The Markets: US Stock Futures Signal Lower Start On Wall Street

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average dropped 178 points to 23,772.00, while the Standard & Poor’s 500 index futures fell 19.6 points to 2,575.25. Futures for the Nasdaq 100 index declined 66.25 points to 6,546.50.

Oil prices traded lower as Brent crude futures fell 0.79 percent to trade at $60.00 per barrel, while US WTI crude futures dropped 0.91 percent to trade at $51.12 a barrel.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 1.1 percent, STOXX Europe 600 Index declining 0.77 percent and German DAX 30 index dropped 0.66 percent. The UK’s FTSE index was trading lower by 0.94 percent, while French CAC 40 Index fell 0.79 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 0.97 percent, Hong Kong’s Hang Seng Index fell 1.38 percent, China’s Shanghai Composite Index dropped 0.71 percent and India’s BSE Sensex fell 0.43 percent.

Broker Recommendation

Analysts at Bank of America downgraded Delta Air Lines, Inc. (NYSE: DAL) from Buy to Neutral and lowered the price target from $62 to $51

Delta Air shares fell 1.77 percent to $47.70 in pre-market trading.

Breaking News

  • Tailored Brands Inc (NYSE: TLRD) lowered its Q4 and FY18 earnings guidance.
  • Crocs, Inc. (NASDAQ: CROX) raised its sales outlook for Q4 and FY18.
  • Yeti Holdings Inc (NYSE: YETI) raised its forecast for the year. The company said it projects full-year adjusted earnings of $0.88 to $0.90 per share, versus earlier forecast of $0.79 to $0.82 per share, and sales of $778.8 million.
  • Stein Mart, Inc. (NASDAQ: SMRT) reported a 3.3 percent drop in its comparable stores sales for the nine-week period ended January 5, 2019 on a shifted basis.

Posted-In: A Peek Into The Markets US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets





Houston Airport First To Close Terminal Over Shutdown-Driven TSA Worker Shortage

Courtesy of ZeroHedge. View original post here.

Due to a staffing shortage caused by the partial government shutdown, George Bush Intercontinental Airport in Houston was forced to shut down Terminal B at 3:30 p.m. for the remainder of the day. The airport made the announcement over Twitter, telling passengers they would be routed to either Terminal C or E. 

Houston Mayor Sylvester Turner suggested that passengers arrive at the airport two hours before their flight, noting that a "shortage of TSA workers, unpaid during the US gov't shutdown, is causing the change." 

There appears to be no end in sight to the shutdown which is now the longest in modern US history at 23-days-long. With Congress out of town for the weekend, President Trump tweeted: "I'm in the White House, waiting. The Democrats are everywhere but Washington as people await their pay. They are having fun and not even talking!"

At issue is more than $5 billion Trump is demanding to fund construction of his long-promised wall at the US-Mexico border. Democrats led by House Speaker Nancy Pelosi (CA) and Senate Majority Leader Chuck Schumer (NY) have refused to provide the funding – insisting that Trump reopen the government and table the border discussion for later. Trump, meanwhile, has rejected their offers. 





Powell May Not Know It Yet, But The Fed Is Now Trapped

Courtesy of ZeroHedge. View original post here.

With even Morgan Stanley openly discussing whether the Fed will "make the market happy", it now appears that the Fed tightening is effectively over with the Fed Funds rate barely above 2%, and the only question is whether the Fed will cut rates in 2019 or 2020 – roughly around the time the next recession is expected to strike – and whether the balance sheet shrinkage will stop at the same time (and be followed by more QE).

To be sure this new consensus was reflected in both equity and credit markets, both of which cheered the Fed's recent dovish U-Turn, and recouped all their losses since mid-December. And yet, market paradoxes quickly emerged: for one, rates markets yawned. On December 31, rates were pricing no Fed hikes over the next two years. Today, after the Fed’s big ‘change of tone’, expectations are almost exactly the same.

Second, a material disconnect has emerged between front-end pricing (no hikes) and the level of 10-year real rates (near seven-year highs). If, as Morgan Stanley's Andrew Sheets notes, "one of these is right, the other seems hard to justify."

Then there is, of course, the lament about the neutral rate being so low – and the potential output of the US economy so weak – that it can't sustain nominal rates above 2.25% - incidentally we explained back in 2015 the very simple reason why r-star, or the real neutral rate, is stuck at such a low level and is only set to drift even lower: record amounts of debt are depressing economic output, as the following sensitivity analysis showed.

Bank of America touched on this key concern last week when it said mused rhetorically that "if the US rates market is right, this would suggest that potential growth is much, much lower than generally accepted." Which, to anyone who read our 2015 analysis, should have been obvious: after all there is too much debt in the system to be able to sustain material rate increases.

Bank of America continued:

If Fed Funds target rates of 2.00-2.50% are enough to cause the economy to go into recession, with inflation having normalised at around


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“Swimming In An Ocean Of Debt”: Gundlach Sounds The Alarm Over $122 Trillion In Unfunded Liabilities

Courtesy of ZeroHedge. View original post here.

After laying out the reasoning behind his considerably more pessimistic view on the US economy during his widely watched "Just Markets" podcast, DoubleLine Capital Founder Jeffrey Gundlach – whose flagship Total Return Fund outperformed the benchmark again in 2018 – delved into some of the same themes from his year-ahead podcast this week during a round table discussion hosted by Barron's, during which the legendary bond trader warned that record levels of corporate debt – particularly in the lower-rungs of the investment-grade universe, which has swollen as companies binged on debt to buy back stock during the ZIRP years, could create problems for the equity  market.

But an even bigger long-term threat to markets is emanating from the supposedly "safe" market for US Treasury debt.

Gundlach

As we've warned and Gundlach has also highlighted, the risks posed by companies that could soon become "fallen angels" is rising as the US economy is "swimming in an ocean of debt." But though the risks posed by corporate debt are serious, during the round table Gundlach was more focused on the risks posed by the ever-expanding US debt – which he argued is even bigger than most Americans realize.

Leverage

While the US government reported a budget deficit of $800 billion during the fiscal year ended on Sept. 30, the national debt increased by some $1.3 trillion dollars. The difference, as Gundlach explained, represents the cost of national disaster relief and other expenditures that are considered one-offs.

"Fiscal year for the federal government ends Sept. 30 and the official reported deficit was $800 billion dollars. The national debt increased by $1.3 trillion dollars. The differences can be things like national disaster relief and other things that are considered one off. Also there's the lending from the social security system so that's real debt too."

The upshot, is the "debt has been going up a lot more than people think." And what's worse, is that, according to Gundlach's calculations, the total unfunded liabilities for welfare programs like social security amount to some $122 trillion – roughly six times annual GDP. The answer put forward by most politicians is that this is…
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Hedge Fund CIO: People Are Losing Faith In The System

Courtesy of ZeroHedge. View original post here.

Submitted by Eric Peters, CIO of One River Asset Management

The ratio of US household financial assets to GDP has never been higher. Today, that ratio stands at 4.4x. In 1979 at the dawn of history’s greatest secular bull market, it was 2.3x (roughly half of where it is today). A decade later, in 1989, it was 2.7x. In the 1999 dot com bubble the ratio jumped to 3.6x. At the 2009 bear market lows, it was 3.4x. And in these past 10yrs, as the ratio jumped to 4.4x, households increased their financial assets by an amount equal to 1x US GDP. Which is $21trln. If you didn’t own/buy any assets, tough luck, you missed out.

As the value of household financial assets relative to GDP surged to historic highs over the past decade, the quantity of US equities shrank. Yet the supply of so many other things expanded during the decade. US gov’t debt grew 115% to $21.5trln, household debt jumped 49% to $4trln, and corporate debt increased by 78% to $6.3trln. But while corporations borrowed $2.8trln, the net supply of US equities contracted by $3.8trln, as CEOs borrowed money and diverted profits to repurchase their shares in quantities that dwarfed new issuance.

CEOs are paid in shares, so they naturally buy them back. But that’s not the only way to boost their value. Expanding earnings does it too – increasing revenues, cutting costs, lifting profit margins. Profit margins grew from 10% at the 2007 peak to today’s 12.5% record highs (and 6% in 1979). Reducing the tax you pay also helps. In the past decade over 20 companies redomiciled to reduce their tax burden. Countless other opaque structures helped lessen tax payments too. Then they got a huge tax cut. It’s been an extraordinary decade.

Another powerful way to lift equities is to reduce the discount rate that investors use to value them. Every major global central bank did just that. Over the decade, central banks cut rates to zero and below. Their balance sheets grew by over $14trln through printing money, further depressing yields and in some cases buying stocks directly. Wealth and income inequality naturally rose, achieving levels last seen in the late-1920s. In the
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A Massive Winter Storm Buries Parts Of The US, Kills Seven 

Courtesy of ZeroHedge. View original post here.

After what was a quiet but abnormally warm start to 2019, a severe winter storm has left seven people dead as it charged across the Midwestern US, striking the Mid-Atlantic coast on Sunday.

By late Saturday night, the storm had shifted over the Virginia, Washington, D.C., and Baltimore region, where 4 to 7 inches of snow is on the ground.

Weather models suggest the snow could get heavier around 2:30 p.m. for a few hours, especially in the Washington metropolitan area.

The Weather Prediction Center (WPC) warned that freezing rain would also be a big concern for the region into the overnight. 

Virginia Gov. Ralph Northam declared a state of emergency on Saturday in anticipation of the storm.

"I am declaring a state of emergency in order to prepare and coordinate the Commonwealth's response to anticipated winter storm impacts, including snow and ice accumulations, transportation issues, and power outages," said Northam.

The state of emergency allows officials to "mobilize resources and to deploy people and equipment to assist in response and recovery efforts," according to the press release.

St. Louis, which was pounded the hardest by the storm so far, recorded almost 11 inches, forcing closures of Interstates 44, 64 and 70 around the city.

Parts of central Missouri, around Harrisburg, recorded almost 20 inches of snow.

Columbia, Missouri, saw more than one foot of snow, more than doubling a 109-year-old record for snowfall.

A Winter Storm Warning remains in effect for much of the Baltimore–Washington metropolitan area through 6 p.m. Sunday.

Vallee Weather Consulting meteorologist Ed Valle suggests that a "classic El Nino pattern" is developing, which combined with cold air, could mean additional storms for the East Coast into Feburary.

Valle made the point that natgas could be the greatest beneficiary of a significant cold pattern change coming to the East Coast in the second half of…
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Zero Hedge

World Trade War I: US Asks South Korea To Join Anti-Huawei Campaign

Courtesy of ZeroHedge. View original post here.

The bilateral trade war between the US and China is gradually becoming a global trade war of global geopolitical and commercial dominance between the US and Chinese spheres of influence.

Shortly after the two largest mobile phone companies in the UK decided against launching Huawei-built 5G phones this morning, and roughly around the time a bevy of Japanese tech and telecom companies including ARM Holdings, Panasonic and SoftBank all imposed a boycott on supplying Huawei with mission critical components joining Australia, and New Zealand as major US allies to end commercial relat...



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Phil's Favorites

Overpriced tech IPOs sell grand visions but aren't worth their valuations

 

Overpriced tech IPOs sell grand visions but aren't worth their valuations

rblfmr / Shutterstock.com

Courtesy of John Colley, Warwick Business School, University of Warwick

The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April...



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Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...



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Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

Th...



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Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

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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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Biotech

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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ValueWalk

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

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.

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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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