Archive for the ‘Permissions’ Category

Accused “FX Cartel” Members Joined Forces After Trying To “End” Each Other

Courtesy of ZeroHedge. View original post here.

As federal prosecutors in Manhattan press ahead with the trial of three London-based currency traders – members of the infamous “FX Cartel” who allegedly colluded to move exchange rates in their favor during the brief moments before the daily fix – more amusing details from the cartel’s group chat where most of the alleged collusion took place have started to emerge.

In one anecdote that helps explain the genesis of the cartel conspiracy, two of the three traders, former JPMorgan Chase & Co. trader Richard Usher and ex-Citigroup Inc. trader Rohan Ramchandani, share how they used to “end” each other on opposing trades before they finally “got together.”

As he has done for the duration of the trial, government star witness Matt Gardiner, a former colleague who agreed to plead guilty to avoid prosecution, explained the text messages to the jury.

Cartel

Here’s Bloomberg:

Prosecutors presented the transcripts as evidence of the cooperation. In the following excerpt, Usher wrote to a colleague about Ramchandani:

he used to kill me at ecb fix, that’s why I called him up and said let’s get together cos i rather have u onside

Ramchandani also wrote to an ex-colleague:

u know how rich and me started talking

we used to end each other on fixes

eventually we met

chat now

and never are on the other side!

hahaha

Gardiner, a former currency trader at Barclays and UBS Group AG, was asked by a defense lawyer whether the widespread market practice of seeking and sharing information could be considered coordination. Michael Kendall, a lawyer for Usher, suggested in cross-examination that all the traders acted independently to maximize profits for their banks.

In a prime example of the “market color” that the traders’ lawyers said they would swap in the chat group, the conspirators would often swap congratulations when one of their trades was paying off while “discussing” situations where they were on opposing sides in “sometimes angry exchanges.” The government has called a handful of other witnesses, including Jeremy Tilsner, a senior director at consultant Alvarez & Marsal, to testify about his analysis of the traders’ transactions, while prosecutors also called witnesses from CLS Group Holdings AG, Barclays, JPMorgan and Citigroup to discuss the currency-settlement processes.

All told, global banks have paid a combined $14 billion in fines related…
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“Marijuana Impairment” – Stoned Drivers Cause More Traffic Accidents In Pot Legal States 

Courtesy of ZeroHedge. View original post here.

The Insurance Institute for Highway Safety (IIHS) found, in a new study published Thursday, that traffic accidents are up 6% in four states where recreational use of marijuana has been legalized. 

Earlier in the week, the National Transportation Safety Board (NTSB) issued a press release about a 2017 traffic accident linked to the “use of marijuana in combination with the misuse of a prescription medication” that killed 12 in Texas. 

“The last thing in the world that we want is to introduce another legal substance where we may be adding to that toll and to the carnage on our highways,” David Harkey, president of the IIHS’s Highway Loss Data Institute told Bloomberg. “With marijuana impairment, we’re just now starting to understand what we don’t know.”  

In a separate interview with NBC, Harkey said the new reports do not confirm there is a direct risk by the use of marijuana among motorist, but certainly raises caution flags, especially since law enforcement has limited ways to test drivers if they are under the influence of THC, the active ingredient in marijuana. 

“It’s certainly early in the game,” Harkey told NBC News. But he warned: “We’re seeing a trend in the wrong direction.” 

The IIHS study notes that after retail sales of recreational cannabis began, the frequency of collision insurance claims in Colorado, Nevada, Oregon, and Washington rose about 6%, however, this trend was not observed in surrounding states where marijuana is illegal. 

Another IIHS study shows a 5% increase in the rate of auto crashes per one million vehicle registrations reported to police in Colorado, Oregon, and Washington versus neighboring states that have not legalized the drug, reported Bloomberg. 

“The bottom line of all of this is that we’re seeing a consistently higher crash risk in those states that have legalized marijuana for recreational purposes,” Harkey told Bloomberg. 

There are now 30 states that have legalized medical marijuana, with Oklahoma recently joining the ranks. Recreational marijuana is legal in California, Alaska, Maine, Massachusetts, and Vermont.

The most recent Gallup poll shows near record-high support for legalizing marijuana in the US, as more states are set to follow, including Michigan, where recreational pot use is on the November ballot. 

Gallup poll results show Americans are craving pot, with an explosion in acceptance since the financial crash of 2008: 

  • Americans’ support for marijuana legalization was


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China Unveils World’s Largest Transport Drone 

Courtesy of ZeroHedge. View original post here.

China has successfully tested the world’s largest commercial drone developed and manufactured by the China Academy of Aerospace Electronics Technology (CAAET) made its first successful test flight at Baotou Airport in North China’s Inner Mongolia autonomous region on Tuesday, reported Ecns.cn, the official English-language website of China News Service. 

SF Express Co., Ltd, a Chinese transport company based in Shenzen, conducted the first public test flight on Oct. 16 with the new delivery drone, named Feihong-98, in cooperation with CAAET. 

Feihong-98 is a Chinese copy of the Soviet Antonov An-2, which is China’s first domestically-built transport aircraft, the Shiefei Y-5B has a 60-year history since its first flight in 1957.  

According to Liu Meixuan, president of CAAET, the FH-98 is now the most affordable and advanced transport drone in the world.

The plane has a maximum weight of 5.25 tons, with a payload of 1.5 tons, and a volume space of 15 cubic meters. It can reach a max flight altitude of 15,000 ft. while cruising at 112mph.

SF Express and CAAET signed an exclusive agreement in 2017, with the intentions of operating a large-scale drone delivery fleet in the next several years. 

Pandaily said it took about eight months for researchers to apply the technologies and complete the research and development of core technologies that converted the plane into a fully autonomous drone.

Feihong-98 completed its first flight test in August. It received an operational approval from the Civil Aviation Administration of China and should finish up testing by June 2019. 

With a takeoff and landing distance of roughly 500 ft., the FH-98 could be the most affordable transport drone for world governments, in need for a low-cost solution to handle emergency and disaster relief missions, and or just a cheap option to transport goods. 

In the last twenty years, China has emerged as one of Washington’s top competitors in the global drone market. China is offering affordable drone technology, that has been rapidly gaining global market share. 

China manufactures several types of drones. The Caihong 5 (CH-5) Rainbow, its newest multi-role capable drone, has seen increased activity in the Middle East — especially the Yemeni Civil War. The CH-5 competes with the American Reaper and Israeli Heron TP. 

China is a major exporter of multi-role strike capable drones. Between 2008 and 2017, China exported a total of 88…
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Stock Market Crash Deja Vu? Keep An Eye On This Pattern!

Courtesy of Chris Kimble.

Just over 3 weeks ago, I shared a chart looking at the divergence that has been brewing under the surface of the S&P 500 (NYSEARCA:SPY). Since that post, the S&P 500 finds itself in a deep pullback, with other key stock market indices hitting correction territory at their lows.

Today we provide another look at the divergence and highlight why it’s time for investors to pay closer attention. In the chart below, we compare today’s setup to 2000 and 2007 and the market crashes that followed.  Note, though, that we have NOT broken trend support yet.

Similar to today, in 2000 and 2007 the S&P 500 made a nominal new high while putting in a lower high in momentum (a market divergence). And once the S&P broke key support marked by its up-trend line and 200-day moving average, the selling pressure increased.

Will this historic divergence pattern lead to selling yet again? Watch that up-trend support!

S&P 500 Chart – Teetering On The Precipice?

CLICK ON CHART TO ENLARGE

This article was first published on See It Markets.com. To see original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





Sweden’s Most Powerful Family Braces For The Next Global Crisis

Courtesy of ZeroHedge. View original post here.

When it comes to families that exercise undue influence over their country, the Kochs, the Morgans, the DuPonts, even the Rothshilds and the Bushes pale in comparison with the Swedish Wallenberg family.

Here’s why: the Wallenbergs are renowned as bankers, industrialists, politicians, bureaucrats, diplomats; they are present in most large Swedish industrial groups, like Ericsson, Electrolux, ABB, SAS Group, SKF, AIK, Atlas Copco and more. In the 1970s, the Wallenberg family businesses employed 40% of Sweden’s industrial workforce and represented 40% of the total worth of the Stockholm stock market

And now they are preparing for the next global crisis.

According to Bloomberg, the Wallenberg family’s holding company Investor AB – which today owns stakes in a fifth of the companies listed on the country’s large-cap index – is preparing for the inevitable downturn in global economy, and to do so it is making sure the holdings in its 372 billion-krona ($42 billion) portfolio of stocks are “agile and flexible” enough to handle a “changed outlook” after leading indicators started pointing to a softer demand environment. To shore up liquidity while it can, not when it has to, the company recently also sold a €500 million bond.

“There are a number of things that we need to watch,” Investor CEO Johan Forssell told Bloomberg in an interview after reporting third-quarter results on Wednesday.

But I don’t have a crystal ball. For us the most important part is that we’re prepared, and that’s why we issued a big bond and why we work closely with our companies to make sure we’re flexible and can adapt to different environments as good as we can.”

Forssell may not have a crystal ball, but the signs are clear: the CEO has been evaluating the leading economic indicators out of China, Europe and globally, observing the recent weakened. He is also worried about the softer demand on the automotive side, as well as risks stemming from Brexit, Italy and the currency devaluations in Argentina and Turkey. Finally, there is the looming threat of a full-blown global trade war.

And unlike most investors who keep “buying the dip”, the warden of Sweden’s greatest family fortune, is preparing for the worst.

“With the combination of these risks, it’s of course necessary to be prepared,” Forssell said, adding that the


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The Next Flu Explosion: Rise In Obesity And Diabetes Will Exacerbate Future Pandemics

Courtesy of ZeroHedge. View original post here.

Scientists involved in a new study published this month in the research journal, Frontiers in Cellular and Infection Microbiology, have sounded the alarm over their ability to contain future flu pandemics in relation to the rise of obesity especially in the West today. 

The study finds that growth rates in obesity and diabetes, along with populations which are increasingly resistant to antibiotics, could turn even a mild flu outbreak into an explosive global pandemic

Image source: Getty via ABC News

One of the authors of the study, Dr Kirsty Short, virologist at the University of Queensland, told The Telegraph of the link between obesity and spread of dangerous diseases: “There’s been an incredible rate of increase of diabetes and obesity even in my lifetime.” She explained“This has significant implications on infectious diseases and the spread of infectious disease.”

Dr. Short continued, “But because chronic diseases have risen in frequency in such a short period of time, we’re only starting to appreciate all of the consequences.”

The 1918 Spanish flu pandemic occurred as WWI was winding down. Historical photo via AP

“As our population is ageing and chronic diseases are becoming so prevalent, that could turn even a mild pandemic into a chronic one,” Dr. Short concluded.

Though modern medicine and vaccines are better prepared…
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Escobar: What Sanctions On Russia And China Really Mean

Courtesy of ZeroHedge. View original post here.

Authored by Pepe Escobar via The Asia Times,

The Pentagon may not be advocating total war against both Russia and China – as it has been interpreted in some quarters …

A crucial Pentagon report on the US defense industrial base and “supply chain resiliency” bluntly accuses China of “military expansion” and “a strategy of economic aggression,” mostly because Beijing is the only source for “a number of chemical products used in munitions and missiles.”

Russia is mentioned only once, but in a crucial paragraph: as a – what else – “threat,” alongside China, for the US defense industry.

The Pentagon, in this report, may not be advocating total war against both Russia and China – as it was interpreted in some quarters. What it does is configure the trade war against China as even more incandescent, while laying bare the true motivations behind the sanctioning of Russia.

The US Department of Commerce has imposed restrictions on 12 Russian corporations that are deemed to be “acting contrary to the national security or foreign policy interests of the US.” In practice, this means that American corporations cannot export dual-use products to any of the sanctioned Russian companies.

There are very clear reasons behind these sanctions – and they are not related to national security. It’s all about “free market” competition.

At the heart of the storm is the Irkut MC-21 narrow-body passenger jet – the first in the world with a capacity of more than 130 passengers to have composite-based wings.

AeroComposit is responsible for the development of these composite wings. The estimated share of composites in the overall design is 40%.

The MC-21’s PD-14 engine – which is unable to power combat jets – will be manufactured by Aviadvigatel. Until now MC-21s had Pratt & Whitney engines. The PD-14 is the first new engine 100% made in Russia since the break up of the USSR.

Aviation experts are sure that an MC-21 equipped with a PD-14 easily beats the competition; the Airbus A320 and the Boeing-737.

Then there’s the PD-35 engine – which Aviadvigatel is developing specifically to equip an already announced Russia-China wide-body twinjet airliner…
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Swiss Banks Curb China Travel After UBS Banker Arrested

Courtesy of ZeroHedge. View original post here.

Two major Swiss banks imposed restrictions on staff travel to China after a UBS employee was detained in the country, underscoring the challenges of doing business in a country which is a mecca for banks eager to capture and manage (for a generous fee) the fastest growing fortunes in the world, yet are challenged by a regime that tramples over civil rights.

According to Bloomberg, UBS asked some bankers not to travel to China after the incident, with fellow Swiss bank Julius Baer also imposing a travel ban while Credit Suisse said that so far there was no travel ban in place. The travel restrictions have only affected those bankers who help manage money for clients and haven’t been imposed on the securities unit.

It was unclear under what circumstances the Singapore-based employee was detained and whether the person has been released.

As part of Beijing’s ongoing anti-corruption campaign, government clampdowns and unexplained absences have unsettled executives with operations in China, where even the president Interpol recently disappeared abruptly as a result of a bizarre detention. As reported previously, Meng Hongwei was reported missing this month after being taken into custody upon his arrival from France.

“China’s deep into an anti-corruption drive as well as effort to deleverage the economy,” said Scott Kennedy, a China expert at the Center for Strategic and International Studies. “

China has been a major new market for financial firms such as UBS as the share of world’s wealthy has soared in the region. UBS estimates a new billionaire is minted in China every two days and Credit Suisse this week said China’s total wealth has risen 1,300 percent this century to $51.9 trillion, more than double the rate of any other nation. The number of High Net Worth individuals in Asia-Pac recently surpassed that of North America, and at 6.2 million was the highest of any geographic region in the world.

Taking advantage of foreign interest in its capital, China has thrown open its financial markets to foreign firms, a move that has given global companies unprecedented access to the world’s second-biggest economy, even as crackdowns on foreign professionals have been on the rise.

As for UBS, the world’s largest wealth manager has a long history in China and, according to Bloomberg, claims to have been the first…
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Need Cash Fast? US Bank Unveils Payday Loan Program With 88% APR

Courtesy of ZeroHedge. View original post here.

Just as Goldman Sachs is putting the breaks on what had been a rapidly expanding consumer lending business amid growing doubts about how its $4 billion portfolio might perform during a downturn, US Bank is gambling on the riskiest form of consumer credit, offering old-fashioned pay-day loans with a digital twist.

Last month, US Bank introduced “Simple Loan”, an online-lending platform that combines the ease of Quicken Loans’ app-based platform with usurious interest rates.

ICYMI – US bank will loan you money for 3 months at 70.65% APR if you sign up for automatic payments.@RudyHavenstein @DavidBCollum @TheLimerickKing pic.twitter.com/yknbhGCkNl

— SheepleAnalytics (@SheepleAnalytic) October 8, 2018

Lynn Heitman, executive vice president of US Bank Consumer Banking Sales and Support, told MarketWatch that the loans provided a “trustworthy, transparent” option.

Bank

The process is relatively quick and simple for customers who have a checking account with US Bank. Simply log on to the US Bank mobile app and apply to borrow up to $1,000. The loan is deposited directly into the applicants’ checking account, then must be repaid in three installments over three months. Users who opt to have the loan payments debited directly from their checking accounts will pay $12 in interest for every $100 borrowed. Those who don’t will face a slightly higher rate of $15. Borrowers who choose automated payments will pay a 70% APR, while borrowers who opt for manual payments will pay an 88% APR.

USB

In marketing materials released by the bank, Heitman said the program incorporated extensive feedback from US Bank customers. “It was the right thing to do for our customers,” Heitman said.

All US Bank needs now is catchy jingle and they’ll be good to go…





China’s Next Revolution Is On The Horizon

Courtesy of ZeroHedge. View original post here.

Authored by Charles Hugh Smith via OfTwoMinds blog,

The Mandate of Heaven will be withdrawn, and the autocratic regime overthrown.

The absolute confidence that China’s political structure is permanent and forever is reminiscent of the absolute confidence in the 1980s that the USSR’s political structure was permanent and forever. But the social contract that undergirds the Communist Party’s absolute power in China is fast-eroding, and those who understand Chinese history sense the winds of change have shifted and the next revolution in China is already darkening the horizon.

The story starts in the Song Dynasty, which reached its zenith in the mid-1200s.

I’ve been pondering the excellent 1964 history of the Southern Song Dynasty’s capital of Hangzhou, Daily Life in China on the Eve of the Mongol Invasion, 1250-1276 by Jacques Gernet, in light of the Chinese government’s unprecedented “Social Credit Score” system, which I wrote about in May 2018: Kafka’s Nightmare Emerges: China’s “Social Credit Score”.

The scope of this surveillance is so broad and pervasive that it borders on science fiction: Inside China’s Dystopian Dreams (NY Times)

China has turned Xinjiang into a police state like no other (The Economist)

In the Song Dynasty, arguably China’s high water mark in many ways (before the Mongol conquest changed China’s trajectory), social control required very little force. The power of social control rested in the cultural hierarchy of Confucian values: one obeyed the family’s patriarch, one’s local rulers and ultimately, the Emperor.

Power is people choosing of their own accord to comply, for reasons they find sound and that serves their self-interest; there is little need for the application of force.

Power is highly leveraged; a relatively small police/military and judiciary is all that’s needed. Force, in contrast, doesn’t scale: it’s enormously costly in capital and labor to monitor an entire populace and impose control and obedience.

While the Song Dynasty had a police force, a judiciary and an army, the populace generally managed itself via an internalized secular religion that placed the father, civil authorities and the Imperial state at the top of a natural order that enabled the harmony of Heaven and Earth. To disobey would be to threaten the harmony that served everyone.

In the early days of the Communist revolution (1949 to 1965), the majority of China’s populace embraced the values and authority of the…
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Zero Hedge

Accused "FX Cartel" Members Joined Forces After Trying To "End" Each Other

Courtesy of ZeroHedge. View original post here.

As federal prosecutors in Manhattan press ahead with the trial of three London-based currency traders - members of the infamous "FX Cartel" who allegedly colluded to move exchange rates in their favor during the brief moments before the daily fix - more amusing details from the cartel's group chat where most of the alleged collusion took place have started to emerge.

In one anecdote that helps explain the genesis of the cartel conspiracy, two of the three traders, former JPMorgan Chase & Co. trader Richard Usher and ex-Citigroup Inc. trader Rohan Ramchandani, share how they u...



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Phil's Favorites

Taxes and caps on carbon work differently but calibrating them poses the same challenge

 

Taxes and caps on carbon work differently but calibrating them poses the same challenge

There are different kinds of policies that can curb greenhouse gases. Climber 1959/Shutterstock.com

Courtesy of Amitrajeet A. Batabyal, Rochester Institute of Technology

Virtually everything most people on earth do these days involves, either directly or indirectly, the combustion of oil, gas and coal. Burning these fossil fuels is generating carbon emissions, which accumulate in the atmosphere, contributing to ...



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Kimble Charting Solutions

Stock Market Crash Deja Vu? Keep An Eye On This Pattern!

Courtesy of Chris Kimble.

Just over 3 weeks ago, I shared a chart looking at the divergence that has been brewing under the surface of the S&P 500 (NYSEARCA:SPY). Since that post, the S&P 500 finds itself in a deep pullback, with other key stock market indices hitting correction territory at their lows.

Today we provide another look at the divergence and highlight why it’s time for investors to pay closer attention. In the chart below, we compare today’s setup to 2000 and 2007 and the market crashes that followed.  Note, though, that we have NOT broken trend support yet.

Similar to today, in 2000 and 2007 the S&P 500 made a...



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Chart School

History Rhymes with the Dow

Courtesy of Read the Ticker.

The next 10 years, or even the next 2 years will not be like any of the years in the past 10. Risk is moving closer and closer to the surface.

More from RTT Tv

Market risks coming to the surface:

1) Higher interest rates.

2) US Congress control.

3) China vs USA in trade.

4) World wide Leverage.

5) World wide liquidity issues.

6) US Pensions.

7) Corporate bond market....



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Digital Currencies

Grocers: Get ready to join the blockchain party

 

Grocers: Get ready to join the blockchain party

Five people died and more than 200 got sick during a 2018 E. coli outbreak, the largest in more than a decade. The bacteria was traced to contaminated romaine lettuce. (Shutterstock)

Courtesy of Sylvain Charlebois, Dalhousie University

In the wake of this year’s large E. coli outbreak, Walmart notified its leafy green suppliers that they must be using blockchain technology to trace their products before the end of 2019.

Walmart, one of the world’s largest retailers, has be...



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Insider Scoop

10 Stocks To Watch For October 18, 2018

Courtesy of Benzinga.

Some of the stocks that may grab investor focus today are:

  • Wall Street expects Philip Morris International Inc. (NYSE: PM) to report quarterly earnings at $1.27 per share on revenue of $7.15 billion before the opening bell. Philip Morris shares fell 0.07 percent to $84.50 in after-hours trading.
  • Analysts expect PayPal Holdings, Inc. (NASDAQ: ...


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ValueWalk

Vilas Fund Up 55% In Q3; 3Q18 Letter: A Bull Market In Bearish Forecasts

By Jacob Wolinsky. Originally published at ValueWalk.

The Vilas Fund, LP letter for the third quarter ended September 30, 2018; titled, “A Bull Market in Bearish Forecasts.”

Ever since the financial crisis, there has been a huge fascination with predictions of the next “big crash” right around the next corner. Whether it is Greece, Italy, Chinese debt, the “overvalued” stock market, the Shiller Ratio, Puerto Rico, underfunded pensions in Illinois and New Jersey, the Fed (both for QE a few years ago and now for removing QE), rising interest rates, Federal budget deficits, peaking profit margins, etc...



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Members' Corner

Why obvious lies still make good propaganda

 

This is very good; it's about "firehosing", a type of propaganda, and how it works.

Why obvious lies still make good propaganda

A 2016 report described Russian propaganda as:
• high in volume
• rapid, continuous and repetitive
• having no commitment to objective reality
• lacking consistency

...

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Biotech

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

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

 

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com

By Jay Shendure, University of Washington; Greg Findlay, ...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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OpTrader

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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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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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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.

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