So You Wanna Be a Stock Picker

 

So You Wanna Be a Stock Picker

Courtesy of 

The stock market has been a treacherous place for the last few months. You wouldn’t know it by looking at the indexes.

I wrote this opening salvo earlier in the week when the S&P 500 was hovering near all-time highs. This morning, due to a new variant in South Africa, stocks are selling off sharply. The Dow Jones Industrial Average, the people’s index, is down over 1,000 points, sitting 5% below the all-time highs from earlier this month.

It’s been a while since we’ve seen these names on the leader and laggard board and I was hoping to never see it again. Unfortunately, here we are.

This post was initially intended to look at the difficulty of owning individual stocks, so that’s what I’m going to do.

The inspiration for this came from all the carnage that we’re seeing in growth stocks. 2020’s darlings are getting absolutely annihilated. And then there is the retail wreckage that’s currently going on. Nordstrom fell 29% on Wednesday after reporting disappointing earnings. Gap fell 24% that same day. Both stocks are sliding further today. What do you do when a name you own sheds a quarter of its value while you sleep? Do you buy bail? Do you buy more?

Seeing this type of wreckage is the periodic reminder I personally need that stock picking is really, really hard.

I’m a big proponent of index funds. This doesn’t mean I disavow active management, but I think most people should get most of their exposure to stocks through an index.  Picking stocks is hard, time-consuming, and emotionally exhausting. Even if you are able to outperform, it’s probably not worth the time necessary to achieve said outperformance. Tens and hundreds of hours to maybe beat the benchmark by a few percent doesn’t seem like a great trade. Unless it’s your passion, in which case you probably already stopped reading.

My favorite piece ever on the difficulty of stock picking, one that I’ve referenced several times on this blog, comes from the team at JPMorgan. This data point hit me over the head the first time I read


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  • Phil: Once again thanks for those inciteful comments, and the old links to Sage's portfolio management (I hadn't read before). I'm an experienced stock trader, but over the last 3 or 4 months have come to appreciate options trading here at PSW, and the consistency of your many premium-selling strategies. It is liberating to have to worry less about getting direction right and being able to generate 5% MONTHLY returns with close to delta-neutral positioning. Much appreciated!

    Neverworkagain

  • Great calls this week!

    SNS1

  • HOTT / Got great trades with it: Enter 6.75 at open, out at 7.18 (avg) at 10:13 Reentered at 7.00 and out all 7.11 few minutes ago- Was a small play but I collected enoght for next month PSW subscription.

    Spider

  • Phil - I am 3 month follower and shout a big thanks for all the good advice and training. I read all the materials and posts as suggested. I am retired CFO and took over my investments 2 years ago from broker after frustration with returns. I followed some conservative advice for retirees and have 60% bonds currently in a 5m portfolio. I had been doing covered calls on my stocks to boost returns and slowly am getting more aggressive after following your site and my son who has been with you for 6 months. I allocated 1.5m to stocks and am scaling up from 30%. I did some of the trades suggested in early June using Aug & Oct buy/writes on CSCO, WMT, MON, WFR, DO in addition to calls on XOM, CVX, PEP, PG, WM, T that I owned. Most are doing very well (4-24%) in 60 days. My good problem is that instead of getting longer, I will be making 6% quickly (50% plus annualized) and getting called away on many positions. What would you advise for getting long again. Thanks again for such a great job advising all of us!

    TXChili

  • I am an investor, not a trader. The information at Phil's World is top-notch and always relevant. It is great to see your website thriving.

    Prof

  • TBT - Many thanks, Phil. I join you in your opinion favoring the Jan expirations. That's a great play. I can never thank you enough for what I have gained educationally as well as monitarily. Here it is late Sunday evening and I am able to get world class advice, just by asking for it. I feel like I am staying in a 5 star hotel, and room service is just a telephone call away!

    Gel1

  • Phil, I've got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!

    Samlawyer

  • Fed days are fun! Just for grins I decided to see how much money I could make in two clicks. I bought DIA calls right when the surge started and then sold them the minute they hit my account. Net gain of 20% in 20 seconds. Can't do that very often…

    MrMocha

  • The strategy you have laid out pretty much mirrors much of my trading activity. I also mix in some momentum plays and "drop dead" bargains that come across my radar. My YTD trading profit is 63%. Back in March when Phil said "unless you think the world is coming to an end, then NOW is the time to start taking positions in Buy/Writes with the VIX so high." I jumped in with both feet - ( thanks, again Phil)

    Chaps

  • Took profit on QQQ 57 Puts, bot 40 at $0.07, sold 20 for $0.15 and 20 for $0.32. Thank, Phil

    Bobhu

  • Phil – great calls this past week, esp. friday and monday. in the old days I would have let Prechter et al scare me into trimming my longs and going short at just the wrong time. your feel for the markets is Tiger-esque. CHK, HOV, BX, TLT and XLF are big winners for me today. My biggest up day in a long time. Thanks!

    Terrapin22

  • Phil, I'm up 34x what I paid in fees for your service, and that only counts the trades I didn't think of myself. Thanks!

    Barfinger

  • Hey Phil, You called all the trends and market movements with perfection this week. I enjoyed it! Thanks for keeping us sane!

    GClay

  • I have been with this site since the beginning and i have learned more the past 3 years than the previous 10. Information and great commentary are abound. The traders on the site are second to none and my portfolio has benefited greatly.

    Kustomz

  • Phil: I have 263 positions - 70% in options ( balance stocks) in three portfolios with a value of 3 mil. YTD profit is about $750,000. Thanks!

    Gel1

  • I have been reading the "free" PSW for about a year and have always liked Phil's style as it closely resembled the way I like to trade (mostly naked put options). I have been a paid subscriber for about 5 weeks and I have been learning a lot from Phil and other members. I had made some money on Phil's "free" ideas in the past and I joined because one of Phil's futures ideas paid for my subscription within the same day (NG). Phil deserved my subscription and I was eager to learn more. I just did a quick tally and within the last 5 weeks the ideas that I chose to follow from Phil generated over 25K in options profits and 12K in futures profits (some of my trades were more conservative than what Phil's had suggested). I have a lot to learn, experience and confidence to gain. Thanks again Phil and Successful Trading to all.

    Verreaul

  • Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.

    Singapore Steve

  • GOOG, NFLX and AAPL all bought last hour Friday. Sold into the excitement the first hour today for an average of 15% on the options. And lots of them. Thanks again Phil for teaching me so well.

    lflantheman

  • I have followed a lot of Phil's picks over the last several years and made money using the exact option strategies he outlines. Of all the contributors on SA, he offers the most actual and ready to implement advice that has put money in my account. Many of us on SA actually are sad when we don't see Phil's postings for an extended period.

    Brenteaz

  • Phil - DIA 107 Calls. As suggested I am taking the money and running to home depot for some shelter supplies! This is the grand finale of several successful trades from you through this roller-coster and as you have further suggested it is time for me to sit back and relax in cash. May even be able to talk my wife into the premium membership after these intelligent trades in a stupid market.

    DOStrade

  • Thanks to your teaching and guidance, I was able to make a killing on my /TF shorts. I averaged into 12 shorts at 1252 and got out of 6 at 1242 and 6 more at 1235. Last week I did the same with /CL, though I got out too early and left $2 on the table. Thank you!

    Japarikh

  • GLD I took out my callers and rolled down my longs this morning, woo hoo!

    Ephmen85

  • Phil Killed it tonight trading copper. Anyone who jumped in right after election is up about 75k on one contract! Thanks

    Kapella

  • I started with $250,000 in cash as of Oct 1 and have realized gains of $81,000 thru close of business. And that's in an IRA with no margin or naked trades. Whenever you are in Argentina or Chile I owe you a drink. I'm looking forward to it.

    Denlundy

  • SPY/Phil, I took a big swing on January 26th following your advice to another member and bought 1615 contracts of Mar 185/190 BCS on SPY that will expire ITM today paying $290,700 on the $500k bet. I thought it might be fun to see what a winning trade looks like. Great call on your part and looking back it seems pretty obvious.

    Sibe14 (premium)

  • You may wonder if anyone gets anything out of you seminars (or may not wonder). Anyway, I almost never day trade because of my job. Today, I was home due to the snow and since I was behind by 2 weeks on watching your recorded seminars I though I would watch one of them. I set up my pivot point charts in TOS to match the ones in your seminar and made the QQQ trade from this morning. I only bought 5 puts. While I watched the seminar, I would pause then switch back and forth and watch the live QQQ chart. I ended up stopping out for a $170 gain, but it was pretty cool to have the dip and recovery at the same time I was learning the art of stopping out when a pivot line was taken out.

    rj_jarboe

  • Phil/thankyou. Phil, I went over the recording of last weeks webinar. I liked it a lot and wanted to thank you. I thought the case studies (company reviews) were detailed, I learned more about selling puts process and also what happens if stock continues to go down after that, I liked the fact that we discuss so many different avenues like stocks, optiond, futures, oil, commodities etc… I replayed portions of it multiple times to make sure I was grasping it but wanted to say good job. Thanks…

    Nramanuja

  • Dear Phil, I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership. It is hard for me to follow all evening as I am in Tokyo but I can join you at the beginning of the market and read the next day.

    Tokyolife

  • Phil - I just referred 10 people. Last week was a 50% gainer for me. There are companies that want to sell mentoring service for thousands of dollars. This is far better of a deal with very good advice.

    Steve

  • This site, for me, is where I have learned how to use options & futures. It is also where I get a constant flow of new ideas. In addition, it's great to know that I have many sources, mostly Phil, if I get lost in a trade. I have been here for 8 years, and am grateful to PHIL and fellow members. I manage about half a million, and although I may not always achieve what Phil does, I am not complaining. I have learned so much. Thank you Phil!

    DClark41

This is why you don’t run off and join the circus

 

This is why you don’t run off and join the circus

Courtesy of 

Today’s mini-panic over the new variant of COVID has been rocking the markets all morning, around the world. Stocks are lower for the most part, as the Vix has spiked from high teens to high twenties. I don’t know whether or not this new strain of the disease will be something we’ll be talking about for six months or six days. You don’t either. Which is why the durable, balanced portfolio you’ve built for yourself was the right answer last week and is still the right answer this week. It will be the right answer next week too.

The S&P 500 was up 27% on the year heading into this morning’s down two percent open. We have plenty of room to give some of those gains back if that’s what is necessary for the new uncertainty to ripple through the markets and for risk to be repriced. We have been through this process many times. It used to take months, now it takes days or hours. Stop logging into your accounts during these days or hours. Do yourself that favor.

The Dow is down more than 900 points today as I write this post. A 900 point down day used to be a generational market crash not long ago. In 2021 it’s just a rough day. Ten years ago this fall, the Dow Jones was regularly fluctuating by 500-700 points each day as the European Union’s debt crisis had the ability to roil each morning’s headlines for months on end. The Dow was 11,000 and change at the time. 700 points was a big deal. It would trip a circuit breaker and shut the market down temporarily. Today, the Dow sits in the 32,000-35,000 range. It has tripled. The Nasdaq has more than quintupled. Nine hundred points up or down just ain’t what it used to be.

Now, imagine someone who had run off to join the circus this year. Someone who had thrown out all their bond exposure and went all-in on high growth, high beta stocks. Did their…
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F’ing Friday – Markets Screwed Over by New Covid Variant

Wheeeeeee!

This is why we hedge, people.  The Dow dropped 800 points while the markets were closes, all the way back to 34,800 while the S&P 500 bottomed out at 4,600, and 16,150 (again) on the Nasdaq and 2,220 on the Russell is back to where we were in February – so much for 2021 being such a fabulous recovery, right?  

 What happened while we were taking a day off in the States is that a dangerous new Covid mutation has broken out in South Africa.  You know – one of those places the GOP blocked Biden from sending vaccines to since we shouldn't be spending money helping other people wipe out Covid – we just do it in the US and pretend the rest of the World doesn't exist.  Of course, we didn't wipe out Covid here either and we never will if we keep coddling the anti-vax, anti-mask lobby.

I guess we'll have to go back to drinking bleach if this new strain is getting around the vaccines.  You see (and it's sad that I have to explain this) when you vaccinate 2/3 of the people and let the virus run wild in 1/3 of the people – you have given the virus a puzzle to solve (your immunization).  Fortunately, you have allowed the virus to experiment with variations of itself on 100,000 people a day in the US and millions globally and then, when the virus figures out a variation that gets around the vaccines – it begins to spread rapidly again through the vaccinated population and we're right back to where we were 2 years ago – making America great, again.

ONLY when you immunize EVERYBODY and leave the virus no one to infect, can you truly eradicate it.  We have decided to try to get along with the virus and this is the inevitable result of that idiocy. 

B.1.1.529 is now responsible for around 90% of cases in South Africa’s most populous province, Gauteng, home to the political and economic capitals of Pretoria and Johannesburg, quickly crowding out the Delta variant. It has also been detected in neighboring Botswana and in a South African traveler in Hong Kong, said Prof. de Oliveira. 


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Happy Thanksgiving – NOT Announcing our 2022 Trade of the Year!

This is a lot of pressure

We have never been wrong with a Trade of the Year selection.  It started back in January 2012 when Bank America (BAC) was still hovering around $6 and my premise was that there was no point to trading in 2012 and we should all put our entire portfolio into BAC and take a vacation: "Thursday Foolishness – More of the Same with One Trade":

That one worked out and, for the next 3 consecutive years our Trade of the Year was Apple (AAPL), obviously all winners and each year since we've been able to come up with a sure-fire trade and we settled on Thanksgiving as the official time to make our selection and we also began announcing them on BNN's (Bloomberg Canada) Money Talk – a show I am a frequent guest on.  I'll be on the show on Wednesday but last year I wasn't on until Dec 9th, when our Trade of the Year was announced as Intel (INTC – see above video).    

The INTC trade idea was this:

That's net $2,075 on the $25,000 spread with $22,925 (1,105%) of upside potential at just $55.  Ordinary margin on the short puts should be $3,059 but, even with IRA or 401K full margin, this is a very nice way to make $22,925 in two years as the downside risk on INTC is very limited.  Their main rival, AMD, has just $7Bn in sales vs $72Bn for INTC, they are 1/10th the size and no significant threat.  

With another $22,925 of potential upside, we have over $60,000 of potential gains in the MTP and that means we can coast into the new year without fear of missing out (FOMO) if the rally continues and, if it doesn't, we have massive amounts of cash to deploy and almost all of our margin buying power available as well.

Intel blasted higher into April and we took an early win off the table but, even for those…
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Biden taps the Strategic Petroleum Reserve – What is it? Where did it come from? And does the US still need it?

 

Biden taps the Strategic Petroleum Reserve – What is it? Where did it come from? And does the US still need it?

The US Strategic Petroleum Reserve is the largest in the world. AP Photo/U.S. Department of Energy

Courtesy of Scott L. Montgomery, University of Washington

President Joe Biden ordered a release of oil from its Strategic Petroleum Reserve on Nov. 23, 2021, as a part of a coordinated effort with five other countries to tamp down rising fuel prices. The U.S. plans to tap 50 million barrels of crude oil in the coming months, while the other nations – the U.K., India, Japan, Korea and China – are said to be releasing about 11 million barrels in total.

But what is the Strategic Petroleum Reserve, why was it created and when has it been used? And does it still serve a purpose, given that the U.S. exports more oil and other petroleum products than it imports?

As an energy researcher, I believe considering the reserve’s history can help answer these questions.

Origins of the reserve

Congress created the Strategic Petroleum Reserve as part of the Energy Policy and Conservation Act of 1975 in response to a global oil crisis.

Arab oil-exporting states led by Saudi Arabia had cut supply to the world market because of Western support for Israel in the 1973 Yom Kippur War. Oil prices quadrupled, resulting in major economic damage to the U.S. and other countries. This also shook the average American, who had grown used to cheap oil.

The oil crisis caused the U.S., Japan and 15 other advanced countries to form the International Energy Agency in 1974 to recommend policies that would forestall such events in the future. One of the agency’s key ideas was to create emergency petroleum reserves that could be drawn on in case of a severe supply disruption.

A map with red dots showing locations of SPR spots.

The map shows the locations of the oil held in the Strategic Petroleum Reserve. Department of Energy

The Energy Policy and Conservation Act originally stipulated…
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Wobbly Wednesday – Markets Weaken as Dollar Strenghens

What a quarter the Dollar is having.  

We're 5% stronger since October 1st and that increased buying power is helping to keep inflation under control (seemingly) as the unit we measure inflation with (Dollars) is not a steady instrument.  That's one of the big games the Government is able to play to get the outcome they desire.  Of course, Dollar strength is playing out on the World stage as most investors are moving money back to CASH as Covid resurges into the holiday season.  

I know it was a long time ago but some people remember the bad old days of early 2020, when the Dow was at 29,500 and Covid was a "China Problem".  Even after China declared a state of emergency, we decided we were immune and just kept doing what we were doing and it wasn't until late February that the markets began to take notice.  By March, the Dow was down to 18,000 – a 38% drop in just over a month.  I always find it interesting that traders don't believe history repeats itself – and then they go looking for "patterns" on their charts…

Chart of COVID-19 and markets

Here we are, 2 years and $6Tn (of Government Debt) and $5Tn (Fed Balance Sheet) later (not counting the $3Tn Biden just spent) and the Dow is up it's typical 20% over the past two years – as if nothing ever happened and traders are trading like nothing ever will happen again or, if it does, that we'll toss another $10-15Tn in to make sure the Top 1% don't take any losses.  

And that's all great for the US because we can go $32Tn into debt and still have a strong (looking) currency and our Central Bank can buy $5Tn worth of worthless assets, using he people's money to take bad debt off their member bank's balance sheets because we live in a land of no consequences – EVER! – I hope….

US monetary policy in GIFS! Where we are and how we got here | Financial  TimesSo, to sum it up into the holidays:  Just because Covid happened 2 years ago and still hasn't gone away doesn't mean we should be worried
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Phil's Favorites

So You Wanna Be a Stock Picker

 

So You Wanna Be a Stock Picker

Courtesy of 

The stock market has been a treacherous place for the last few months. You wouldn’t know it by looking at the indexes.

I wrote this opening salvo earlier in the week when the S&P 500 was hovering near all-time highs. This morning, due to a new variant in South Africa, stocks are selling off sharply. The Dow Jones Industrial Average, the people’s index, is down over 1,000 points, sitting 5% below the all-time highs from earlier this month.

It’s been a while since we’ve seen these names on the leader and laggard board and I was hoping to never...



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Zero Hedge

"The Omicron Variant" - Magic Pills, Or Solving The Africa Problem?

Courtesy of ZeroHedge View original post here.

Authored by Kit Knightly via Off-Guardian.org,

Yesterday the WHO labelled the sars-cov-2 variant B.1.1.529 as a “variant of concern” and officially named it “Omicron”.

This was as entirely predictable as it is completely meaningless. The “variants” are just tools to stretch the story out and keep people on their toes.

...



more from Tyler

Biotech/COVID-19

The hunt for coronavirus variants: how the new one was found and what we know so far

 

The hunt for coronavirus variants: how the new one was found and what we know so far Scientists find variants by sequencing samples from people that have tested positive for the virus. Lightspring/Shutterstock

Courtesy of Prof. Wolfgang Preiser, Stellenbosch University; Cathrine Scheepers, University of the Witwatersrand; Jinal Bhiman, National Institute for Communicable Diseases; ...



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Politics

The first Thanksgiving is a key chapter in America's origin story - but what happened in Virginia four months later mattered much more

 

The first Thanksgiving is a key chapter in America’s origin story – but what happened in Virginia four months later mattered much more

In the 19th century, there was a campaign to link the Thanksgiving holiday to the Pilgrims. Bettman/Getty Images

Courtesy of Peter C. Mancall, USC Dornsife College of Letters, Arts and Sciences

This year marks the 400th anniversary of the first Thanksgiving in New England. Remembered and retold as an allegory for perseverance and cooper...



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Chart School

Gold and Silver still working higher

Courtesy of Read the Ticker

Using Gann Angles from zero we can time the next run up, and it is near.

The last two days gold and silver are down on the back of central bankers talking the US Dollar higher in a attempt to off set inflation. A rising dollar is a form of tightening. Also the talk of a faster 'taper' has sent interest rates higher. But Luke Gromen knows this cant not last.

@LukeGromen Externally-financed twin deficit nations with insufficient external financing (ie the US, not Japan) cannot abide rising real rates for long.


RTT Comments: What this means a higher US Dollar makes it harder for those outside the US to buy the vast quantity of US Treasuries. 


U...

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Digital Currencies

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

 

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

Safe as houses? iQoncept

Courtesy of Jean-Philippe Serbera, Sheffield Hallam University

Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having tim...



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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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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.