Archive for 2019

Tilray Acquisition Of Manitoba Harvest Sets Early Pace For 2019 As ‘Year Of Consolidation’

Courtesy of Benzinga.

Tilray Acquisition Of Manitoba Harvest Sets Early Pace For 2019 As 'Year Of Consolidation'

In a deal establishing a new industry landmark by which one of Canada’s largest licensed producers is buying the largest hemp company in a deal worth as much as $419 million CAD ($319 million USD), Toronto-based Tilray (NASDAQQ:TLRY) looks to be muscling past its closest competitors — Aurora Cannabis ACB (NYSE: ACB) and Canopy Growth CGC (NYSE: CGC) — within the rapidly expanding U.S. CBD market.

It also offers affirmation that 2019 looks to be a big year for industry mergers, acquisitions and expansion as large tobacco, pharmaceutical, food, and beverage companies look to enter the legal cannabis and hemp marketplaces.

New Frontier Data’s Hemp Business Journal estimates that, in leading all hemp product categories, the hemp-derived CBD market will grow from a $390 million-dollar market in 2018, to a $1.3 billion market (or 3.3x) by 2022, representing a 27.2% 5-year CAGR.

“Tilray’s acquisition of Manitoba Harvest brings together the global leaders across cannabis and hemp and accelerates our entry into the CBD market,” explained Steven Yoo, Tilray’s director of corporate investments, who added that the plan is to leverage Manitoba Harvest’s network of 30,000 acres of hemp and 16,000 retail stores across North America.

According to the announcement, Tilray will pay $277.5 million CAD ($150 million CAD in cash and $127.5 million CAD in Tilray shares) in closing the deal, expected within the next 30 days.

In September 2018, Aurora Cannabis acquired Agropro UAB (Europe’s largest organic hemp company) and hemp processor and distributor Borela UAB in a deal worth approximately $8.1 million CAD ($6.2 million USD) in cash, and $1.4 million CAD ($1.1 million USD) in common shares of Aurora.

Beyond the popularity and market potential of CBD-related products, hemp is increasingly appreciated as a food supplement and meat substitute; its high protein content makes it a natural, versatile ingredient in the large and rapidly growing health food, vegetarian, and vegan markets.

As detailed in New Frontier Data’s new report, The Global State of Hemp: 2019 Industry Outlook, the total global hemp market reached $3.7 billion in retail sales in 2018, with an annual growth rate of 15% driven by continued strength in Chinese textiles, European industrials, Canadian foods and U.S. hemp-derived

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42 Stocks Moving In Monday’s Mid-Day Session

Courtesy of Benzinga.


  • Spark Therapeutics, Inc. (NASDAQ: ONCE) shares gained 120.4 percent to $113.65 after Roche Holdings AG (OTC: RHHBY) announced plans to acquire the company for $114.50 per share in cash.
  • Clementia Pharmaceuticals Inc. (NASDAQ: CMTA) climbed 74.6 percent to $26.05 after the company announced that Ipsen would acquire the company for $25 per share in cash and up to an additional $6 per share depending on FDA acceptance of a new drug application for palovarotene.
  • Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) shares jumped 37 percent to $1.9316 after the company reported a partnership with AllianceRx Walgreens to expand patient access to Probuphine.
  • Uniqure NV (NASDAQ: QURE) shares surged 32.8 percent to $55.25. Cantor Fitzgerald maintained uniQure with an Overweight and raised the price target from $68 to $81. Shares of gene therapy companies are trading higher after Roche announced it would acquire Spark Therapeutics for $114.50 per share in cash.
  • Phoenix New Media Limited (NYSE: FENG) rose 24.3 percent to $4.4754 after announcing a letter of intent to sell a 32 percent stake in Particle for $448 million in cash. The company also reported a strategic investment in Tadu.
  • Oasmia Pharmaceutical AB (publ) (NASDAQ: OASM) gained 23 percent to $3.00.
  • CRISPR Therapeutics AG (NASDAQ: CRSP) shares jumped 22 percent to $38.62. CRISPR Therapeutics posted Q4 loss of $0.92 per share on sales of $115,000. CRISPR Therapeutics and Vertex Pharmaceuticals disclosed that the first patient has been enrolled in a Phase 1/2 clinical study of CTX001 in severe SCD in the U.S. and is expected to be infused with CTX001 in mid-2019.
  • Hexindai Inc. (NASDAQ: HX) shares rose 17.6 percent to $4.01.
  • PPDAI Group Inc. (NYSE: PPDF) gained 16.8 percent to $5.18.
  • bluebird bio, Inc. (NASDAQ: BLUE) shares rose 15 percent to $151.02 in sympathy with Roche’s acquisition of Spark Therapeutics earlier Monday.
  • Audentes Therapeutics, Inc. (NASDAQ: BOLD) shares gained 14.8 percent to $30.16 in sympathy to Roche’s acquisition of Spark Therapeutics and an upgrade from Neutral to Buy from Chardan Capital.
  • X Financial (NYSE: XYF) rose 14.4 percent to $6.53.
  • Anaplan, Inc. (NYSE: PLAN) surged 14.4 percent to $38.19 after reporting Q4 results.

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Albert Edwards: “I Was Quite Shocked By My Last Visit To San Francisco”

Courtesy of ZeroHedge. View original post here.

When it comes to foreigners visiting the US, while the general reaction is overall favorable, it appears that one city tends to draw a reaction of sheer shock if not disgust: San Francisco.

Recall two weeks ago, when discussing his latest "luxury ski trip", the UK's Bill Blain said that he hopes his American hosts will forgive him for raising this, "but the squalor we saw in The City was frightful. San Francisco has always been one of favourite US cities, but the degree of homelessness, mental illness and drug abuse we saw on this trip was truly shocking. Walking round SF on a Sunday Morning and we saw sights we couldn’t believe. This must be one of the richest cities in the world – home to 4 of the 10 richest people on the planet according to Wiki. I asked friends about it, and they shrugged it off.. “The City has always attracted the homeless because of the mild weather,”.. “It’s a drug thing”.. “its too difficult”… “you get used to it..” Well, I didn’t."

Now, it is the turn of another prominent financial strategist to lament the increasingly sordid reality of everyday life in the liberal capital of the West.

In his latest note to client, "Stoned on free money", SocGen's Albert Edwards picks up where Blain left off, and writes the he too "was really quite shocked by my visit last year to San Francisco by the sheer quantities of men (yes it is virtually 100% men) who were clearly off their heads on drugs (and drink) and putting both themselves and other road users at risk." Edwards continues his lurid recollection of his trip to this liberal utopia overrun by homeless people and junkies:

I have been a regular visitor to San Francisco for 30 years and maybe it is because I only visit once every couple of years that I notice the change.

Most surprising was the pungent smell of cannabis skunk that pervaded the streets almost everywhere – something that isn't the case in somewhere like Amsterdam where legal consumption of marijuana is mainly confined to designated cafes. But the smell doesn't seem to bother everyone. In

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Morgan Stanley: China’s Current Account Deficit Will Be The Most Important Turning Point In 2019

Courtesy of ZeroHedge. View original post here.

One month ago, when discussing the "tectonic shift" in China's economy, namely China's transformation from a surplus current account economy to deficit, we highlighted several observations, most notably that of UBS which wrote that the upcoming loss of China's current account cushion, softening domestic activity, and upcoming tariffs mean that "for the first time in 25 years, China would have to make a choice between external stability and growth."

To be sure, China is still an export powerhouse – after all, it is China's massive trade surplus with the US that is arguably the reason for the ongoing trade war between the US and China. However, it is China's declining trade balance with the rest of the world that is of bigger concern in this context. As a reference, China's trade surplus has shrunk by a third in just three years: in 2015, the country exported around $150 billion worth of goods more than it imported each quarter. In the third quarter of 2018, the goods trade surplus was just $100 billion.

Going back to China's core transformation, we also noted that a key driver behind China's declining current account is that after having long been the world’s heavyweight saver and a huge buyer of foreign assets like Treasurys, the world's most populous nation is now a big spender, and in early 2018, China got more of its growth from consumption than the U.S., the global king of consumer spending where some 70% of economic growth is due to consumer spending. And as China's increasingly wealthy population spends more at home and abroad, its total trade surplus with the rest of the world has shriveled to a fraction of its former size.

In other words, China is rapidly becoming the next US.

This transformation of China into a consumption-driven economy has enormous implications for global capital markets, and impacts everyone from retirees investing in U.S. Treasurys to fund managers investing in emerging markets like Indonesia or India. It could also eventually help ease some of the frictions between the U.S. and China.

Meanwhile, as China consumes more, there is less money available for investment, and – taking…
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Home Sales Collapse In Sacramento County

Courtesy of ZeroHedge. View original post here.

The Sacramento region’s economy will slow but avoid recession in 2019. Residents should expect a slowdown in labor markets, real estate, and the overall regional economy this year.

The outlook for Sacramento County’s real estate is troubling, as there is new data that suggests the market is currently plateauing.

Sacramento County total home sales collapsed 22.5% year-over-year in December, the lowest for the month since right before the financial crisis of 2007–2008. 

According to new data from CoreLogic, the year-over-year increase in the median sales price for all homes in the county was 4.4%, one of the slowest months in 2018.

For all homes in the county, including condos and new construction, the median price was approximately $355,000.

The most significant drop in year-over-year median sales price for neighborhoods with more than ten homes sold was in Colfax ZIP code 95713. Prices plummeted 24% in that area compared to last December. The median sales price was $254,800, down from $337,000.

Besides Colfax ZIP code 95713, noticeable deterioration was also visible in Meadow Vista ZIP code 95722, Shingle Springs ZIP code 95682, Sacramento ZIP code 95831, Rocklin ZIP code 95677, Davis ZIP code 95616, Fair Oaks ZIP code 95628, and Woodland ZIP code 95776, where median home prices dropped in December.

Of the 57 neighborhoods with at least ten homes sold in December, 41 experienced a slight bump higher in the median sales price compared to December 2017.

Woodland ZIP code 95695 had the highest increase at 26%. With 29 escrows closed in December, the median price of an existing home increased to $380,000 from $302,500 in December 2017.

The second highest increase was in Sacramento ZIP code 95817. The neighborhood, which includes north Oak Park, saw a 25% price increase to $325,000 from $260,000.

The Fair Oaks ZIP code 95628 had the highest sales price in the county in December, a monstrous  $3.7 million.  Even with that sale, the year-over-year existing home sales price in the neighborhood dropped 5%.

Meanwhile, the lowest median prices for resale homes in the county, among areas with more than ten sales, was in North Sacramento Zip code 95815. That area had 18 home sales with a median price of $210,000.

While residents of the Sacramento area should not hit the panic button just yet, the noticeable slowdown in the region’s economy is undoubtedly affecting the real estate market. Sacramento has a history of entering recessions, about 18 months before the nation does.

China Trade News Spike S&P Futures To Critical “Triple Top” Resistance Level

Courtesy of ZeroHedge. View original post here.

Last week, Mark Orsley observed that the most critical resistance for the S&P is 2800, a key number because the trend line connecting that point failed three times in Oct, Nov, and Dec and "would also coincide nicely with my Elliott Wave “5 count” that would speak of an “ABC” correction."

And now thank to the latest "trade talk optimism" after president Trump tweeted - 15 minutes before futures opened for trading – that he will delay the March 1 deadline for higher U.S. tariffs on $200 billion of Chinese goods, risk assets received a fresh boost, as algos first bought the rumor and then also bought the news, lifting Japan and South Korean shares higher, but all eyes are on S&P futures, which not only took out Thursday's, and 2019 highs…

… but more importantly are right at the key resistance level that successfully ended the last three bounces in October, November and December.

Yet while algos are eager to keep rising on both rumors and news, Treasurys are far more subdued, with the 10Y yield barely rising, and last trading just under 2.66%, largely unchanged from the Friday close.

Finally, siding with the more subdued take on today's trade news, JPMorgan's chief market strategist for Asia Pac, Tai Hui, said on Bloomberg TV that "the extension of the trade truce between the U.S. and China may not offer a significant boost to stocks, JPMorgan says, as the market has been moving toward this view in recent weeks." Still, the extension "helps to underpin positive investor sentiment in what could be a testing week if February PMI numbers continue to show softening of the global economy."

Others agreed: Saxo's Sydney-based analyst Eleanor Creagh, said that investor optimism since the December low could quickly turn to pessimism as there still isn’t any deal on the underlying structural issues that the Washington trade hawks are asking for: "That’s what the markets are really looking for now. We could certainly see some of the optimism being baked in since those December…
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Tesla Slams Into Tree In Florida, Bursting Into Flames And Killing Driver

Courtesy of ZeroHedge. View original post here.

While the details of the accident still remain undisclosed, Local 10 News in Broward County, Florida reported on Sunday evening that a Tesla driver was killed after his vehicle crashed into a tree along Flamingo Road in Davie, Florida. As the incident was being reported, shocking video surfaced on Twitter of the vehicle engulfed in flames. 

A spokesperson for Davie Fire Rescue said that the crash is what caused the Tesla to "burst into flames".

Local 10 posted graphic photos of the accident's aftermath. 

Paramedics arrived and pronounced the driver dead at the scene and the southbound lanes of Flamingo Road, where the accident took place, have been closed. Witnesses say that the Tesla was "traveling at a high rate of speed" prior to the crash. 

Recall that in May of this year, two teens were killed after their Tesla sped into a wall in Fort Lauderdale, Florida. That crash caused the car's electric engine to catch fire. After that crash, the National Transportation Safety Board found that the Tesla's lithium ion battery, which was the source of the fire, reignited twice. 

We will continue to update this story as more facts become available.

Demographics, Debt, & Debasement: A Picture Of American Insolvency

Courtesy of ZeroHedge. View original post here.

Authored by Chris Hamilton via Econimica blog,

Census Bureau, Treasury, EIA Detail American Insolvency

Since 2007, US births and net immigration have consistently and unexpectedly fallen sharply.  Over the same span, US federal debt and unfunded liabilities have soared while federal tax receipts, as a percentage of the federal debt and unfunded liabilities, continue declining.  Total US energy consumption also peaked in '07 and continues declining in contradiction to those soaring asset valuations.

Simply put, this article details an American insolvency and the ongoing attempt to print and inflate away this reality.  America has shown it isn't afraid of (mis)using this digital printing press via collusion among the Federal Reserve, Treasury, and the Federal Government to disguise the simple truth that America is bankrupt and incapable of meeting its present and future obligations absent unlimited and unending monetization.

Demographic Development and Population Growth

According to the latest 2017 Census projection, the Census expects a near halving of population growth…or 50 million fewer Americans than it expected just 8 years earlier.  But critically, nearly all the projected declines are among the under 45 year old population while the 65+ year old population growth is still on track to swell.

Given the record low birth rates in 2017 and 2018, which came in 700 thousand annually below the '08 Census projections, plus diminishing immigration, netting at least a half million annually below '08 Census projections, the 2020 Census is likely to significantly further downgrade the potential for US population growth.  The impact for US economic growth, unfunded liabilities, and outgrowing personal, corporate, and federal debt is devastating.

What Happened?

From the mid 1990's to 2007, a surge in immigration (both legal and illegal) and a rise in births resulted in significantly larger child bearing population and broad assumptions that America could outgrow its unfunded liabilities and debt issues.  It was assumed, given the predominately Latin American and Catholic source of the population growth, that immigration and births would continue to surge and the American population (and demand with it) could extend the American success story indefinitely.  But then in '08, everything went off the tracks and has only continued to derail since, quashing hopes for avoiding an American crisis.

The Census details this story in their ongoing population projections.  The chart below shows the Census '00, '08, '14, and '17 US population projections.  In…
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Highway To The Market’s Danger Zone

Courtesy of ZeroHedge. View original post here.

Authored by Sven Henrich via,

On Thursday markets nearly broke their uptrend from the December lows, but once again a magic Friday overnight gap up driven by renewed hopes for an imminent China-US trade deal and supported by 9 Fed speakers trampling all over themselves to out dove each other alongside a flood of buyback money accelerated markets to a new weekly closing high. I say again because markets have become as boring as predictable: 9 weeks of consecutive gains, 9 risk free Fridays associated with a persistent crush of volatility and a virtual non existence of 2-way price discovery.

It is the trifecta of dovish central banks, hopes for a China trade deal, and a massive acceleration in buybacks that keep pushing markets higher on an ever narrowing highway to the danger zone and investors are throwing caution to the wind despite a continued deterioration in the global macro economic data.

From my perch nothing’s changed in the larger outlook and the rally is to be viewed with extreme caution and I recognize that I’m probably one of last people still out there raising any concerns.

Wall Street is now massively bullish with nearly half of analysts calling for new highs into the 2950-3250 $SPX range later into this year. And, frankly, as long as the trifecta maintains control over price who is to argue otherwise?

After all, market performance has been a key driver of the Fed’s decision to reverse policy, not only hinted at in the Fed minutes, but explicitly outlined by Fed governor Bullard this week:

“We did get a bad reaction in financial markets. I think the market started to think we were too hawkish, might cause a recession…I think all of this weighed on the committee and got people to change their thinking….the normalization process in the United States is coming to an end”.

It’s as much straight talk as you will get from the Fed. What this all means is what critics like myself has been saying for a long time: The Fed needs rising markets for a growing economy. Market performance and economic performance have become so intertwined that the…
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Will The US Earnings Recession Result In An Economic Recession? Here Is Goldman’s Answer

Courtesy of Zero Hedge

On Friday, we reported that with  more than 65% of Europe's public companies having reported results, historical Q4 European EPS growth stands at -1% year-on-year, the lowest since Q2 2016 and down from 8% for the full Q3 earnings season.

This, as Deutsche Bank observed, is a material 3% disappointment relative to consensus expectations for the companies that have reported so far and the largest negative surprise in four years. Just as bad, the breadth of "earnings beat" surprises, at 45%, is at the lowest level since at least 2010 and is below the long-run average of 54%.

What is even worse, however, is that as of this moment consensus expects European companies to post no growth in the first quarter, a number that is certain to deteriorate over the next few weeks, and indicating that Europe will almost certainly see two consecutive quarters of declining corporate profits, the definition of an earnings recession.

While not quite there yet, even though Morgan Stanley's Mike Wilson recently claimed that the US is also about to enter an earnings recession, ironically after one of the strongest years for corporate profits on record, the picture of American companies is not much better. Not only is an above average number of companies issuing negative EPS guidance for Q1 2019 (of the 93 companies providing official guidance, 68 or 73%, have issued negative EPS guidance), but consensus EPS for Q1 is now deep in the red. According to Factset, the average Wall Street forecast now projects Q1 earnings per share to decline by 2.7% Y/Y, worse than a consensus -0.8% forecast drop three weeks ago, and starkly lower than the +3% EPS growth expected for Q1 at the start of the year.

In a troubling twist, this EPS drop is taking place even as companies continue to buyback record amounts of stock (according to BofA's client tracker, corporate repurchases are running 98% YTD compared to the same period last year when as a reminder, total announce buybacks topped a record $1 trillion). More perplexing is that the EPS drop will take place even as S&P500 revenue is still expected to…
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Zero Hedge

Trash Wars: Duterte Orders Tons Of Garbage Shipped Back To Canada Or Dumped In Territorial Waters

Courtesy of ZeroHedge. View original post here.

Outspoken Philippines President Rodrigo Duterte has ordered that containers carrying trash from Canada should be shipped back to the country. It is the latest chapter in a disagreement over more than 100 containers of trash that were shipped to the Philippines between 2013 and 2014, illegally, by a Canadian company. 

Canada had previously agreed to take the trash back, but has been slow in making arrangements for its return. Duterte threatened to leave the trash in Canadian waters if Ottawa refuses to take it back, according to Salvador Panelo...

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Phil's Favorites

Animal Spirits: The Absence of Stuff


Animal Spirits: The Absence of Stuff

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Mention Animal Spirits to receive 20% off from YCharts (*New YCharts users only)

Stories Discussed

Best graduation ever


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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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Insider Scoop

55 Biggest Movers From Yesterday

Courtesy of Benzinga.

  • Obalon Therapeutics, Inc. (NASDAQ: OBLN) shares jumped 233.3 percent to close at $1.30 on Wednesday after the company reported expanded data from a large scale commercial use study that was presented at the Digestive Disease Week.
  • Ascent Capital Group, Inc. (NASDAQ: ASCMA) shares jumped 51.4 percent to close at $1.37 after the company announced a restructuring support agreement with Monitronics International.
  • Valeritas Holdings, Inc. (NASDAQ: VLRX) shares dippe... more from Insider

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...

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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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