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Zero Hedge

Erdogan To Sweden: Don't Expect Us To Approve NATO Bid Without First Returning 'Terrorists'

Courtesy of ZeroHedge View original post here.

Turkey is demanding that Sweden must hand over and extradite "terrorists" in its midst before seeking to join the NATO alliance. In fresh televised remarks on Thursday, President Recep Tayyip Erdogan said that Swedish and Finnish diplomats shouldn't even bother trying to dispatch delegations to Turkey if they aren't willing to stop supporting Kurdish PKK 'terrorists'.

"We have told our relevant friends we would say 'no' to Finland and Sweden’s entry into NATO, and we will continue on our path like this," Er...



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Phil's Favorites

What part of rangebound didn't you understand?

 

What part of rangebound didn’t you understand?

Courtesy of 

We’re on like day 129 or day 130 of the current bear market. It began January 3rd. There has been a lot of unwillingness to accept our present condition this spring. Summer is here and your typical financial media commentator still won’t accept it.

For the last three or four months, I’ve been saying “Don’t get too bearish with the Vix above 30 and don’t get too bullish with the Vix below 20.” Those are the boundaries (so far). A Vix reading above 30 will lead to attractive buying opportunities for both inv...



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ValueWalk

Shoe Carnival's Q1 Results Are No Joke, Shares Fall 15%

By MarketBeat. Originally published at ValueWalk.

Shoe Carnival Moves Lower Despite Upside Surprises

Shoe Carnival (NASDAQ:SCVL) had a tough quarter in Q1 and shares are moving lower because of it. The problem is that revenue, margin, and earnings all fell relative to last year but there is a mitigating factor we think readers should be aware of. The company’s comps versus last year are negative but last year was a blowout year with sales up 122% YOY and 30% versus the 2019 pre-pandemic comp. While the earnings news suggests near-term weakness is warranted, we feel the sudden drop in share prices is also an attractive buying opportunity because the company is delivering results. The comps versus 2019 are double-digit and YOY gr...



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Kimble Charting Solutions

Walmart's Stock Decline Hits Major Price Support....Bulls Hoping So!!!

Courtesy of Chris Kimble

We are seeing continued signs that the economy is pumping the brakes.

Another one came this week as Walmart reported lackluster earnings, causing its stock to plunge. Yikes!

This freewill is quite evident on the long-term “weekly” chart of Walmart (WMT) above from Marketsmith.com.

As you can see, Walmart has been trading inside a rising channel for the majority of the past 7 years. It is currently testing the bottom of its up-trend channel at (1).

This support is made even more important by the fact that this price area has been a support/resistance toggle for the past 2 years.

Not only do...



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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...



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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...



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Biotech/COVID-19

China's COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

 

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

A Shanghai refuse worker shows the strain of the month-long COVID lockdown. Shutterstock

Courtesy of Jane Duckett, University of Glasgow; Meixuan Chen, University of Glasgow, and William Wang, ...



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Politics

5 justices, all confirmed by senators representing a minority of voters, appear willing to overturn Roe v. Wade

 

5 justices, all confirmed by senators representing a minority of voters, appear willing to overturn Roe v. Wade

An unscalable fence around the U.S. Supreme Court, on May 7, 2022, set up in response to protests against the possible overruling of Roe v. Wade. Jose Luis Magana / AFP/Getty Images

Courtesy of Kevin J. McMahon, Trinity College

If the leaked Supreme Court decision on abortion is to be believed, five justices have ...



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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...



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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...



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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...



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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...



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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.