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  1. 1020

    I bet tdump has this song on his Ipod playlist…the bad actors have their hands full!

    https://www.youtube.com/watch?v=kZx_TokIHdI





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Phil's Favorites

Signs of a Bottom?

 

Signs of a Bottom?

Courtesy of The Contrarian Investor

News headlines point to capitulation as the S&P 500 continues to flirt with a bear market...

Listen here: 

Transcript:

Good morning contrarians!

State of Play

Stock futures are up as of 0615. Small caps are leading things, with the Russell 2000 up 1.2%. S&P 500 futures are up about 0.8%, roughly the same as Nasdaq and Dow Industrials. All indexes were up more earlier in the overnight session.

Bonds are selling off a bit with the yield on the 10-year ...



more from Ilene

Zero Hedge

Too Early To Get Bullish: Mike Wilson Sees S&P Tumbling To 3400 In Less Than Three Months

Courtesy of ZeroHedge View original post here.

A curious trend has emerged in Bank of America's monthly Fund Manager Survey: with every passing month, as the S&P grinds lower and lower until it finally briefly dipped into a bear market on Friday, the prevailing consensus among Wall Street investors for where the "Fed put" is has also declined with every passing month...

... and is cu...



more from Tyler

Kimble Charting Solutions

Are US Dollar, Euro About To Upend Financial Markets?

Courtesy of Chris Kimble

The past several months has seen the US Dollar Index rally once more, pushing King Dollar up to a retest of multi-year highs.

At the same time, the Euro has been sputtering and is nearing multi-year lows.

In today’s long-term “monthly” chart 2-pack, we look at both currencies… and a highlight how both are facing monster tests.

As you can see, the Dollar is testing triple resistance comprised of its overhead 25-year falling channel, the 61.8 Fibonacci retrace and its prior highs at (1). A breakout would be major development for the global financial markets.

Meanwhile, the Euro is testing critical support within its falling channel. And a...



more from Kimble C.S.

ValueWalk

A U.S. Recession Remains Unlikely

By Louis Navellier. Originally published at ValueWalk.

In his Daily Market Notes report to investors, while commenting on a recession, Louis Navellier wrote:

Unlikely U.S. Recession

Another huge late rally out of the red on Friday continued into early trading today. 

The market continues to seek a firm bottom in the strong downward trend, with the Dow now on the worst losing streak since 1923. Naysayers point to the VIX not being able to stay above 30 for long as a lack of a sign of capitulation. Credit spreads are also not reflecting fears of a serious economic slowdown and fixed income new issuance remains firm. 

Q1 2022 hedge fund letters, c...



more from ValueWalk

Politics

Energy at the End of the World Seminar - Peter Zeihan

 

Energy at the End of the World Seminar - Peter Zeihan

Peter Zeihan's Seminar to Naval Post-Graduate Course

 

...

more from Politics

Biotech/COVID-19

What is monkeypox? A microbiologist explains what's known about this smallpox cousin

 

What is monkeypox? A microbiologist explains what’s known about this smallpox cousin

Monkeypox causes lesions that resemble pus-filled blisters, which eventually scab over. CDC/Getty Images

Courtesy of Rodney E. Rohde, Texas State University

On May 18, 2022, Massachusetts health officials and the Centers for Disease Control ...



more from Biotech/COVID-19

Digital Currencies

Stablecoin volatility shows an urgent need for regulation to protect consumers

 

Stablecoin volatility shows an urgent need for regulation to protect consumers

Shutterstock/David Sandron

Courtesy of Matthew Shillito, University of Liverpool

Some cryptocurrencies have always been fairly volatile, with values soaring or plunging within a short space of time. So for the more cautious investor, “stablecoins” were considered the sensible place to go. As the name implies, they are designed to be a steadier and safer bet.

At the moment though, that stability is proving hard to find. The value of o...



more from Bitcoin

Chart School

Powell doing a Volker to crush inflation, yeah right!

Courtesy of Read the Ticker

In 1979, Volker was equal to Goliath as he had a good chance of crushing inflation, today the debt Goliath is massive.

In the video below David Rosenberg explains the FED is on a 'Volker' mission to crush inflation no matter what happens to risk on assets like stocks.

David Rosenberg thinking is challenged when ask about the current US debt levels, as Paul Volker did say that he could not have crushed inflation with the debt levels of today.  David Rosenberg simply says the FED is going to hike no matter what, until something very serious breaks.

The question remains will something break in the markets after 1%, 1.5% or 2% hikes. No one knows. But as the US debt to GDP% is over 120% this suggests s...



more from Chart School

Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



more from Promotions

Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



more from M.T.M.

The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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





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. Contact Ilene to learn about our affiliate and content sharing programs.