Author Archive for Chart School

Dow to 38,000 by 2022

Courtesy of Read the Ticker

dow-to-38000-by-2022President Trump said the Dow would be 10,000 points higher if it was not for the FED. In truth if the Dow breaks to new all time highs the next stop is 38,000 and he may be proven correct. Is there an election on? 

Of course who knows? But lets continue. 

The fundamentals behind this may be:

  • A good deal with China.
  • The FED turning on easy money with further rate cuts (very strange with a market near all time highs). FOMC Sept 17th well tell us more.
  • The above turbo charging stock buy backs.
  • Off shore money running out of foreign equity markets in to US markets (see note1).

Note1: Of course this has happened before, one particular time was just before Oct 1987 stock market crash, as it was proven the US stock market does not act in isolation, and can not escape the world economic environment, hence the quick and sharp stock market correction Oct 19 1987.

In the chart below:

  • Notice how the Dow moves in burst between the green divider channel lines. It like an even pulse of a market move. 
  • The most recent consolidation is a Wyckoff re accumulation cause (well so far) and the effect would carry stocks to 38,000. It is not distribution as one would expect more volatility and we do not have that.
  • 38,000 target is the next green outer channel line.


Dow 1 Wyckoff


Here is the longer term view of the red and green channels.
 

Dow 2 Wyckoff
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney…
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RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Monday, 25 March 2019, 02:25:19 AM

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Comment:
Greyerz – The Most Important Chart Of This Century And What Will Take The World By Surprise | King World News

Date Found: Monday, 25 March 2019, 02:41:58 AM

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Comment:
“New” World Order Criminal Bankers Caused the American Revolution : bankers are pirates youtu.be/eqmMlWbKwIA

Date Found: Tuesday, 26 March 2019, 11:06:18 PM

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Comment:
It isn’t foreign buyers who are funding US gov deficit right now, it is domestic investors. Foreign buyers haven’t been big source of demand for Treasury since 2015. Deutsche Bank

Date Found: Thursday, 28 March 2019, 01:47:28 AM

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Comment:
If you can not sell stuff, stocks build up, its a slow down folks

Date Found: Thursday, 28 March 2019, 05:05:51 PM

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Comment:
Its a long wait! But its coming!

Date Found: Thursday, 28 March 2019, 10:31:25 PM

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Comment:
The $1 Trillion Devil in the Details youtu.be/CZhPeKsAnu0

Date Found: Saturday, 30 March 2019, 04:39:27 PM

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Comment:
John P. Hussman on Twitter: “As a standalone indicator, I’ve never viewed the yield curve as particularly timely or dependable, but in a hypervalued market that’s rolling over near record highs, you may want to pay attention. In those conditions, investors have far less time than they imagine.… t.co/asIBo4xKB8″;

Date Found: Tuesday, 02 April 2019, 03:23:32 AM

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Comment:
THE ENDGAME: All Hell Is About…
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Gold Fundamentals and Wyckoff Talk

Courtesy of Read the Ticker

gold-fundamentals-and-wyckoff-talkA golden canary represents a rising gold price suggesting everything is not awesome and something may just break.





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Chart in video showing expected consolidations after a basing period.





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Gold Monthly





Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street.  As long as they realize the market is a business like any other business, they have a good chance to prosper.”…



Jesse Livermore





..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..



Bernard Baruch





..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..



Spike Milligan





..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…



Paul Samuelson











Gold Gann Angle Update

Courtesy of Read the Ticker

gold-gann-angle-updateEverything awesome? Gold over $1500. Central banks are printing money to generate fake demand. Germany issues first ever 30 year bond with negative interest rate. Crazy times!

Even Australia and New Zealand and considering negative interest rates and printing money, you know a bunch of lowly populated islands in the South Pacific with no aircraft carriers or nuclear weapons. They will need to do this to suppress their currency as they are export nations, as they need foreign currency to pay for foreign loans. But what is next, maybe Fiji will start printing their dollar. 

Now for a laugh, this Jason Pollock sold for more than $32M in 2012. 
 

Pollock
 

Ok, now call Dan Oliver a nut for his target of $3,000 USD gold.
 


 

Gold latest Gann Angle chart.

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Gold Gann
 

Gold CTFC situation. Notice extreme open interest has been a reversal signal. Watch out for a pullback.
 

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Gold CTFC
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts,
continue reading





Bitcoin 2019 fractal with Gold 2013

Courtesy of Read the Ticker

bitcoin-2019-fractal-with-gold-2013Funny how price action patterns repeat, double tops, head and shoulders. These are simply market fractals of supply and demand.

More from RTT Tv

Ref: US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

Today’s news from the US IRS has been blamed for the recent price slump, yet the bitcoin fractal like the gold fractal suggest the market players have set bitcoin up for a slump to $9000 USD long before the IRS news hit the wire.

Get the impression some market players missed out on the bitcoin rally from $4000 to $14000 and now welcome (planned for) bearish news to create a price slump to be able to accumulate bitcoin at a very good discount. Still reluctant to believe this market strategy, then please review the gold chart from 2011 to 2019, it goes like this: market top, slump, 6 years of consolidation (accumulation), now 2019 price breakout. Looks like bitcoin is going to suffer the same game play as gold, sure it may not be 6 years, but possibly 6 months. We watch and wait. 

Chart in the video.

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BTC Bitcoin crypto


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

…”Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe.”…

William D Gann

..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much


continue reading





RTT browsing latest..

Courtesy of Read the Ticker.

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Tuesday, 05 March 2019, 10:29:40 PM

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Comment:
US Tax revenue wont cover interest exp in a fear years

Date Found: Thursday, 07 March 2019, 07:58:13 AM

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Comment:
David Hunter: Big Moves Are Coming For Gold and Silver youtu.be/kJWhAf9Kwgw

Date Found: Thursday, 07 March 2019, 04:19:38 PM

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Comment:
Sugar juice for Mr Market… yip the SP500 is now an election issue!

Date Found: Tuesday, 12 March 2019, 02:23:55 AM

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Comment:
David Brady: Commodities Set to Move Much Higher youtu.be/1--ZbGCNCgU

Date Found: Tuesday, 12 March 2019, 05:18:55 PM

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Comment:
How Wall Street Gave Us Trump w/Michael Hudson youtu.be/PSvcB55R8jM

Date Found: Wednesday, 13 March 2019, 01:17:28 AM

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Comment:
Luke Gromen on Twitter: “1 of the 2 most important charts in macro: US deficits matter for the 1st time in 50-70 yrs. USD spiked when the red bars went negative; this will likely force the Fed to re-join the list of domestic UST buyers, soon. Via @Schuldensuehner… t.co/KKYT324YoF”;

Date Found: Wednesday, 13 March 2019, 08:07:41 PM

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Comment:
The Macro Show Highlights: Bull Market Still Developing In Gold youtu.be/SKbWChIq2_Y

Date Found: Friday, 15 March 2019, 11:20:25 PM

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Comment:
Peter Zeihan – 2019 Land Investment Expo – “Millennial consumption” youtu.be/BHr999RGPQw

Date Found: Saturday, 16 March 2019, 04:19:52 AM

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Wyckoff consolidation How to find.

Courtesy of Read the Ticker.

wyckoff-consolidation-how-to-findThey say in the markets to win you need a edge. You need to invent a better spade than the other guy.





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 Simple indicators help the eyes find attractive Wyckoff patterns to investigate. More on RTT Steps here.














Example chart from within the video.







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RTT steps





Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..“The game of speculation is the most uniformly fascinating game in the world.  But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer.  They will die poor.”…



Jesse Livermore





..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..



Bernard Baruch





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..



Bernard Baruch





..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..



Robert G Allen











Bitcoin Wyckoff Accumulation Pattern

Courtesy of Read the Ticker.

bitcoin-wyckoff-accumulation-patternMany see a US recession in the first half of the 2020 decade. The first half of many previous decades suffered a recession, it is normal. But this time it may be different, well kinda different bad!

A reminder of US recessions in a first half of a decade: 1953, 1961, 1970-73, 1980-82, 1991, 2001-2002

Of course the 2007 to 2009 GFC was just short of a new decade. Yet the reader can see the trend of recessions in the first half of a decade is established, and not unusual. 

Recession indicators are all over the web.

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US Recession

Yes, there is another one coming. The US and German 10 year interest rates signal this very clearly.

A recession is a lit match of asset price deflation, but what it will set fire to has yet to determined. 

Possible names for the crisis lit by a recession in early 20XX ?

- Corporate Bond Debt Crisis of 20XX

- US Pension Crisis of 20XX

- The Great China Debt Implosion of 20XX

- We are all European Now. The world of negative interest rates. 

- The Great Sovereign Bond Crisis of 20XX

- The Passive Investing Crash of 20XX

- The Great Liquidity Crisis of 20XX

- The Leverage Loan Crash of 20XX

[Or all of the above]

We know from the recent crisis of 2008 these things can happen:

- change in accounting rules

- printing money

- debase of currency

- create bad banks

- freeze bank accounts

- execute bank bail ins

- spreads explode

- fund redemption freeze

- bank holidays…
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RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

rtt-plus-chart-book-sneak-peakThe magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 

XAU bound by parallel channel lines.

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HUI Index

Newmont Mining support from Gann Angles.

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NEM gann

US Dollar index (DXY) dominate cycle (RTTHurstCycles) with a customary momentum tool.

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DXY

Here is an interesting chart, Dow Jones 1925 to 1943 with the performance of gold. Of course a gold standard existed back then, and not a debt standard as we have today, gold may do much better during a extended debt crisis.

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Dow and Gold


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be.  The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..

Jesse Livermore

..”Stock market bubbles don’t


continue reading





Gold Gann Angle Update

Courtesy of Read the Ticker.

gold-gann-angle-updateCharts show us the golden brick road to high prices.



GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?



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Gold Gann




The GLD very wide channel shows us the way.

- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.

- Aggressive: Tag the 5 year rally starting in 1976 to 2019  and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.



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Gold Channel




GLD cycle.



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Gold Cycle




Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.










The next 6 months should be very interesting.












Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“Losing money is the least of my troubles.  A loss never troubles me after I take it.  I forget it overnight.  But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…



Jesse Livermore





..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..



Mark Twain





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





..”it is better to have few stocks and to watch them carefully”…



Bernard Burach











 
 
 

Zero Hedge

Yuan Extends Losses After China Macro Data Disappoints

Courtesy of ZeroHedge View original post here.

China's yuan extended its early losses, testing down to the fix after headline economic data disappointed across the board.

  • Industrial Production rose just 5.6% YTD YoY (below the +5.7% exp and down from +5.8% prior)

  • Retail Sales rose just 7.5% YoY (below the +7.9% exp and down from +7.6% prior)

  • Fixed Asset Investments rose just 5.5% YTD YoY (below the +5.7% exp and down from +5.7% prior)

  • Property Investment rose just 10.5% YTD YoY (down from +1...



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Phil's Favorites

Black Hole Investing

 

Black Hole Investing

Courtesy of John Mauldin, Thoughts from the Frontline 

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Or maybe not. One theory says we are all inside a black hole right now. That could possibly explain a few things about central bank policy. ...



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The Technical Traders

Crude Oil Setting Up For A Downside Price Rotation

Courtesy of Technical Traders

Crude Oil has been trading in a fairly narrow range since mid-August – between $52 and $57 ppb.  Our Adaptive Dynamic Learning (ADL) predictive modeling system suggested the downside price move in late July/early August was expected and the current support aligns very well with our ADL predictions of higher price rotation throughout most of September/October.  Please take a minute to review the original research post below :

July 10, 2019: ...



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Insider Scoop

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Courtesy of Benzinga

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negativ...

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Chart School

Dow to 38,000 by 2022

Courtesy of Read the Ticker

President Trump said the Dow would be 10,000 points higher if it was not for the FED. In truth if the Dow breaks to new all time highs the next stop is 38,000 and he may be proven correct. Is there an election on? 

Of course who knows? But lets continue. 

The fundamentals behind this may be:

  • A good deal with China.
  • The FED turning on easy money with further rate cuts (very strange with a market near all time highs). FOMC Sept 17th well tell us more.
  • The above turbo charging stock buy backs.
  • Off shore money running out of foreign equity markets in to US markets (see note1).

Note1: Of course this has happened before, one particular time was just before O...



more from Chart School

Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



more from Kimble C.S.

Lee's Free Thinking

Nonfarm Payrolls Not Seasonally Adjusted Tell the Real Story - Unspinning Wall Street™

Courtesy of Lee Adler

Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.

Friday’s seasonally adjusted nonfarm payrolls jobs headline numbers disappointed investors with slower than expected growth. But was it really that bad?

Here’s How The Street Spun It – Wall Street Journal Modest August Job Growth Shows Economy Expanding, but Slowly

Employers added 130,000 nonfarm jobs, jobless rate held steady at 3.7%

U.S. employment grew only modestly in August, suggesting that a global economic slowdown isn’t driving the U.S. into recession but has dente...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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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.

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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About Ilene:

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.

Market Shadows >>