Hey Phil – I ignored your call to sell those AAPL $580s for $1 so not sure whether to thank you or not (just kidding) for my $5 winner. Actually I want to thank you from the bottom of my heart, that was an uncanny call.
TheChaser
Man, what a week: Bought C at 1.40, sold half at 1.59 (relatively big position), another quarter at 3.04 just now. Ran SKF down from 270 with one April put, still holding some 115's expiring in a couple days. I'm going to gamble this position like a champion Friday. Bought FAS at all sorts of levels and started cashing out. Long HOV, stock and some nickel calls for fun - Mocha up your buy-out from 5 to 8 and that's 10,900% return for the May-2.50's . Ha!
Biodieselchris
All I can say is — I understand that the Universe sent me to PSW for a reason. So, I'm listening!! …and studying. Your commentary is literally outstanding. …and your members are impressive as well.
Seaquill
Phil - Another excellent teaching article - when you write like that it blows me away. Thank you!
I had the ideas from earlier articles but what I didn't have was enough understanding. The familiarity of ideas through repetition, re-working, revision - over time - the variation, the pulling out of implications - it all contributes to understanding and mostly thats on the student - but a good teacher (worth their weight in gold) makes understanding a pleasure.
I wanted to learn about trading options because it makes my brain feel better - fitter, healthier. Actually mostly it makes me happy to think about the trade and trading options.
You are a good teacher and I know that or I wouldn't value the subscription the way I do. It pays for itself through the pleasure of understanding alone.
Redfern1
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/Everyone here/Thank you - What everyone here with their insightful comments (including yourself) has helped me with is that I'm greatly increasing my ability to trade more psychologically neutral, although I've got a ways to go. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.
Skasiah
The virtuous trade / Phil throws out so many ideas, that understandably he rejects all calls for a running total of how all ""quoted"" ideas are performing – it would be unworkable. But without such a list, I think it behooves us to call out the trades that have made a difference. January 13 expiration is going to be a big month for me as a significant number of sold put positions will expire worthless. One example of the power of patience and leaving well alone:
VLO – sold Jan 13, 17.5 puts for $3.45 – and this trade was placed in August 2011. VLO is currently a tad over $35!
And as time went by, and I got more experienced – with the help of Phil and the contributions from board members, I started selling short term puts and calls around this position. Sometimes having to roll, sometimes doubling down but always knowing what I was getting into, and feeling very calm and focussed that whatever happened I could handle it. And if I couldn't then there was always Phil to lend a helping hand. All in all, my profits since August 2011 would qualify as a tidy addition to any earnings from the day job.
Thank you Sir.
Winston
Phil: I cleaned up today. A rather stark contrast to my untutored performance April/May 2009, after I had written to you to explain how wrong-headed your bearishness was. Many thanks.
I ran into someone once who played on the Bulls with Jordan for quite a few years. He was asked what he had learned from playing with MJ for so long. He smiled and said "Give him the ball."
Zeroxzero
Phil Thank you very much, I appreciate your help and wisdom.
CdsdpDean
Thanks for your thoughts against buying BP ahead of earnings (yesterdays' member comments). It announced a loss of $3.3b and is down 3% in pre-market but still just above the bottom of the chaneel of $40-$50.
mSquare
I have been a "silent" member for the past year, and am 1,000 hours into the 10K hours of training (The last week is worth at least 500 hours!). Made lots of mistakes and misunderstood quite a few of Phil's calls, … some actually made money when reversed. The chat (Including the politics) is very engaging (Many great minds with international coverage), and a great companion, while nursing a trade gone wrong, through the night. The webinars (despite technical difficulties) are extremely useful. Thanks for your coaching … it has made me a consistently profitable trader, with a better understanding of what I do not know.
Aquila
Great calls this week!
SNS1
Phil, You were on the $ today with your calls almost exactly on the turns – Krap kuhn krup (Thai for thank you very much).
Jomptien
Thanks Phil another great week of guiding us!
Steven Parker
Phil - FAS - I dont know whether to be happier I averaged down and sold calls or that I got myself out of FAZ the other day…thanks for that help
BCFla
Phil: That NFLX call was awesome. The speed at which NFLX options decayed was precipitous. The blow out spike that allowed me to double and roll my callers to 190(!) and the ridiculous 170 weeklies @3.50 a day away from Op-Ex. The gains I realized in that trade floored me when I took a long at my portfolio value on Friday. What a great way to start the 3rd Quarter.
Kinkistyle
Phil you are great, and not only is your market info spot on but you have the courage to call it like it is and write about it in a great tone.
Flanger
Took profit on QQQ 57 Puts, bot 40 at $0.07, sold 20 for $0.15 and 20 for $0.32. Thank, Phil
Bobhu
Way back did 20 of your suggested short BP Jan 11 26 P @ 4.3 now .85 — sold half. this am —
paid for a years sub AGain!! thank you very much!
Ban2
Phil: UNH, hedged stock position, doing great, up over 50 %,
RMM
Thanks Phil for helping make this a much, much better year this year than last. Your tutelage has been so very helpful. Don't think I can say Thanks enough. And I thanks all the members here who were work hard in helping us all to become better traders, and I would say better people as well. The support many of you offered when we evacuated during the fire this past year helped me immeasurably.
Happy New Years to you all!
JBur
Oil – thanks Phil,
got in late at 0.53 on the 38p today, set a sell for 0.75 and took the dog for a walk – 70% gain and more than enough $$ to buy dog food. TZA Aug 35/40 BCS – closed out for a 100% gain in under a month – thanks again for introducing me to these trades.
CanuckBob
Well I want to thank P. Davis for his style and for the fact that he affirmed my thoughts for a correction. He was right and his confirmation of my bias saved me thousands. Mr. Davis is amoral when it comes to money. He realizes the poor are screwed but we must fight to win. A measure of sarcasm and dark humour and it is great reading. 100% right on the correction.
Chaffey
Maya, After years of being pretty good at picking stocks I still managed to lose almost as much as I made.All the reading Phil asked us to do as a new member (And everything else I can get my hands on lately) has revealed my Achilles Heal.Good stock picks do not necessarily make money. My problem was swinging for the fences. Since becoming a member Jan 1 this year and getting into to scaling into small trades I am amazed at the steady profit growth I have experienced already while not worrying about getting killed. And having fun doing it.. Phil, Thanks for the education, the help you give and the chance to learn more and get better. Also thanks to all the members who have answered the few questions I had when your not around.
Ricpar
This is my first month here. Today was a money train with futures. I gained 7500 USD with KC, RB, CL, NG.
I took RB almost every direction up and down. And I only used 1 contract or maximum 2.
Thank you. I think it was a good investment to subscribe…
Kgabor
Thanks, I managed to make 2k today so I am happy…and feel like I am finally getting it. New equipment and a quiet place to work helps a lot. I am happy for all the members that took your /NKD advice….that was fun I am sure! coke Take your vitamins…I don't know how you do all this! but, keep it up!
Coke
New members – a word of advice: you should check out the track record of Phil's last few trades of the year, and what the return would be if you just rolled all the gains into the next years trade of the year. Remember – trade of the year is one he's virtually sure of, and he rarely misses on those
Deano
Thank you Phil for this site – the trade discussions on PSW are mind boggling. Future trading while learning to be a value investor. Priceless
Joseph
Hey Phil,
You called all the trends and market movements with perfection this week. I enjoyed it! Thanks for keeping us sane!
GClay
Your discussion during your web seminar on SPX and SDS today was great. It really let me see how you look at the numbers and use the 5% rule to see where inflection points occur and what the bands look like. This was incredibly helpful. I actually sold out of my small short position at a good profit ( which was more a bet on a short term fluctuation rather than a hedge after listening to you) and will look more deeply at my portfolio and how to hedge it. In addition your view on hedging was also very helpful looking at the leverage you can get w/ a small spread, and protect portfolio against a big move against me. Thank you for your sharing this. Very helpful.
The S&P 500 gained 6.4% last week, the second-best post-pandemic performance for the large-cap index. For a moment there, we were out of bear-market territory, bouncing to an 18.5% decline from all-time highs. Now, it’s a bear market again ¯\_(?)_/¯
All silliness aside, calls for a bottom appear premature.
Michael Cembalest and his team did some work on what you want to be on the lookout for, and we’re not there quite yet. They said that PMI surveys have historically been the best leading indicators, and so you’re going to want to see that bottom. It hasn’t. He also pointed out in the chart below, that over the last few decades, we’ve seen interest rates top prior to equity markets bottoming (gray line). So we’re 0 for 2.
Economic data is backward-looking, which is why it tends to bottom after the stock market. Cembalest shows that on average, stocks bottom 116 days before the economy does. That’s a long time. The news will get worse, but the market will stop reacting to it. We’re not there yet.
While it’s too early to call a bottom, there are some signs of capitulation (ARKK flows aside). The companies trading below their cash levels are at the highest levels in the last few decades.
And investors, at least the ones polled by AAII are as bearish as they’ve been since the GFC.
Every bear market is unique, but they all share one thing in common; they end. Sam Ro has a similar takeaway, saying, “the most important pattern in history’s bear markets is that the market has always come out on top — and then some.”
Josh and I are going to cover this and much more on tonight’s What Are Your Thoughts?
A lot of it was caused by an almost 1% gain in the Dollar but that was caused by AWFUL Consumer Confidence numbers (98.7) while, at the same time, Fed Pres Williams said he expects rates to be 3.5-4% next year and thinks 0.75% would be appropriate at the next meeting. So stagnant Economy + Inflation = Stagflation – and that's not a good thing.
Goldman Sachs FINALLY realized earnings expectations for 2023 were likely overdone – especially in light of higher interest rates. Fortunately, at PSW, we've been taking higher rates into account all year in determining which companies to invest in so our selections should do very well as GS sends their High Net-Worth Clients running for the safety of low-debt stocks.
When the market is reacting to news that isn't news to us – we see it as a buying opportunity but FIRST we increased our hedges (SQQQ in particular) – as we did not like the display of overall weakness we saw in the indexes yesterday. We're going to give them a hall pass due to the pop in the Dollar but not a lot of slack. We had planned to hedge more into the holidays anyway, this just hastened our plan.
One saving grace to the sell-off is it came against low volumes – so what is done can easily be undone but we're going to need some good news and all we have this morning is some depressing Q1 GDP data (-1.5%) and BBBY just announced they are getting rid of their CEO (as if that will help) as sales were down 27% – because who would have thought that cutting back on coupons while the customers were suffering from inlfaion would not work out well??? Mark Triton has been with BBBY since 2019 and, before that, he was the CEO of TGT – so you'd think he'd have a clue but inflation makes fools of us all, apparently.
You can now buy BBBY, which also includes BuyBuyBaby (but who's having those these days?) for Just $500M at $6.50 per share and they do have $7Bn in sales but that's dfown from $12Bn in 2019, when Triton took…
Today’s Animal Spirits is brought to you by Nasdaq and Masterworks. See here for Nasdaq’s research on the shifting profile of retail investors. Go to Masterworks.io/animal to learn more about investing in contemporary art.
As long as we are over 12,000 on the Nasdaq 100, we're not bearish BUT as long as we're under 4,000 on the S&P 500, we are not bullish either. The indexes are in a tricky spot and we need to be patient and see which way they resolve themselves.
Our expectations, as we decided yesterday in our Live Member Chat Room are for a move back to 13,000 on the Nasdaq, where we're likely to flip bearish again and we expect 12,000 to settle down to become the middle of the NDX range – likely for the rest of the year.
Nike (NKE) was no help last night with weak guidance but earnings were actually a beat from low expectations. China lifted some of their lockdown restrictions again and that's boosting everyone pre-market and remember – a 1% move on the Dow these days is over 300 points – so there's nothing at all impressive about 100-point moves. Oveall, this is more of a "watch and wait" kind of week – we made our bullish bets last week and, for the moment, we're taking a breath to see how they pan out before jumping into more stocks.
Hamburgers are going to be 36% more expensive this Holiday Weekend and that's the data we're going to have to contend with when we get back as inflation continues to creep into every corner of Consumers' lives. Going shopping for a BBQ party and getting a $300 bill at the grocery store vs $200 last year is the kind of thing that sticks in people's minds the next time they are surveyed about their sentiment regarding the economy and their own finances.
And it goes round and round as, for example, UAL just agreed to give pilots a 14.5% wage increase, which means the price of your plane tickets will go up to pay for it. This is why it takes so long for inflation to settle down – there are layers upon layers of increases which feed on each other.
Oil is blasting back to $112 after President Macron was overheard telling President Biden at…
The market is better at predicting the news than the news is at predicting the market. Financial markets typically look 6-9 months ahead and try to anticipate what could happen. They are currently betting that the Fed’s aggressive tightening policy is going to send the economy into recession and the Fed will have to stop hiking sooner than previously expected. As result inflation expectations are tapering and we saw a major mean reversion last week. The worst-hit groups year-to-date outperformed significantly last week – ARKK went up 18%, the cloud ETF – WCLD, went up 15%, biotech XBI went up 14%. In the meantime, the best performing sector year-to-date – oil & gas (XOP), lost 6%, tested its 200-day moving average and it is now down almost 30% from its annual highs.
The odds are that this is just another bear market bounce that will eventually be faded again. It is really hard to know how long it can last. The conventional wisdom says that the declining 50 and 200-day moving averages are likely to be major areas of resistance for SPY and QQQ but markets often overshoot. In the meantime, there’s nothing wrong with being nimble and playing the relief rally. If the bounce has legs, we should see more stocks setting up and offering decent risk/reward entry points. As of right now, the number of good long setups is still relatively small.
There's no reason not to hit 4,000 this week – yet.
Pre-holiday weeks are usually low-volume affairs and the market tends to drift higher. There's not much in the way of earnings that are likely to derail us at the moment though Nike (NKE) this evening is a big one that could be problematic if it doesn't go well. NKE was an upside surprise last quarter so it would be a huge disappointment if they miss now. The stock has dropped 20% with the market since then – so it won't take much to get them to pop.
Of course, China went back on lockdown so they could have had additional supply-chain issues and lower sales in China and Consumer Spending in the US also pulled back recently – so it depends how things were going through the end of May, which is what this report will capture.
NKE is the kind of stock we like to buy at PSW when they are cheap but $113 is not cheap as it's $178Bn in market cap and, even if all goes great, NKE is only going to make $6Bn this year – about 5% more than they made last year. That means they are trading at close to 30x current earnings and it means only that $180 was RIDICULOUS and $113 is simply getting better – but still not a price we'd pay for a retail manufacturer.
That's the dark side of upcoming earnings – there's still a lot of companies out there trading at unrealistic prices. I can get the same return on a 10-year note (3.4%) as I can on NKE stock. Speaking of notes, Russia is finally about to default on theirs – although they don't see it that way. They were expected to pay $100M by last night and they did not – which is the usual definition of default – 30 days after their May 27th deadline. Russia claims to have made payments in Rubles but Rubles are not acceptable under the contracts but it's up to the investors (private) to declare Russia in default (and hire food testers from now on) – so we'll see what happens.
On the Economic Calendar, Powell is scheduled to speak after Wednesday's GDP Report…
I’ve made my living communicating. The first 20 years of my career, I rented my brain to Fortune 500 CEOs looking for guidance on branding or strategy. Just as a hit television show is a cocktail of production values and storytelling, a good consultant brings the peanut butter and chocolate of data-driven insight and storytelling together. The ideas and data are nothing unless you can articulate them in a compelling manner.
I didn’t hate consulting, but I didn’t love it. That’s fine — “do what you love” is bullshit. I did it because I was good at it. I spent most of my time on the road, unable to form or maintain enduring relationships, and it was fucking exhausting. Yes, it provided economic security for me and my family, which was (and should have been) my goal … full stop. But I spent the better part of two decades helping companies sell people stuff they didn’t need, and it felt increasingly meaningless. Actually, it felt like nothing … like it didn’t happen.
The Relentless Pursuit of Greatness
Within five or six years all I could think about was selling the firms I’d founded that helped other businesses sell stuff. The sales of Prophet and L2 provided economic security and blessed me with a new task — to be great, really great … at something. So I turned to teaching, and in 2002 I joined the faculty of NYU. Since then, more than 6,000 students have taken my courses. It’s been hugely rewarding, and, at the core, I consider myself a teacher. A very good teacher … but not a great one.
Despite clocking Cs in my high school and college English courses, sheer practice has improved my writing. First as a consultant, ghostwriting letters and press releases worth (optimistically) $1,200/hour. Since 2017, I’ve published a book about every 18 months (coming this fall). Good books, but still … real greatness eludes me. TV? Hands down my worst medium. I’m the Covid-19 of the idiot box, infecting and sometimes killing weak networks — Vice, Bloomberg Quicktake and CNN+. What network goes down next? Just look for my face.
…
Once again, this is not a recovery though, 4,000 is the middle of our expected range on the S&P 500 and we HOPE (not a valid investing strategy) that we stay in the top of that range, up towards the Strong Bounce line at 4,320 – because only that is going to prevent the 50-day moving average (now 4,087) from falling below 4,000 about a month from now. Once that happens, you will WISH (also not a valid strategy) that we can get back to 4,000.
We have a nice tailwind next week from that rising MACD line so let's not waste it. It's going to be a low-volume, pre-holiday week and, if all goes as expected, we'll probably be adding more hedges next Friday but I think our portfolio balance is good going into the weekend with both the Long-Term and Short-Term Portfolio already ahead of our June 15th review.
Knowing what the market is going to do next let us buy with confidence in the past two weeks and it's been very, very busy for our Members as we added GOOGL, LOVE, IBM, CIM, LEVI, F, TROX and BBY to our Top Trade Alerts this month alone. In our Live Member Chat Room, we added many more longs to our portfolios – taking advantage of the opportunities that presented themselves – and that's why we're going to want more hedges next week – we have a lot more to protect!
Also, just like we expected the 3,680 line to hold on the S&P, we expect the 4,000 line to be rejected – at least on the first attempt and that's why we keep our hedges in the Short-Term Portfolio – where we can take advantage of these short-term moves. It's also nice that our 5% Rule™ lets us see what's coming so far in…
00:04:56 Checking on the Markets
00:06:20 Petroleum Status Report
00:22:57 XOM
00:25:14 VLO
00:28:58 DJI
00:30:51 Dow Historical Chart
00:40:48 Moore's Law
00:46:10 Back to Dow Historical Chart
00:48:48 CROX
00:51:52 HBI
00:56:20 Compund Interest Calculator
01:11:42 Indices Charts
01:18:18 GDP
01:43:17 TSLA
01:46:11 TGT
02:09:03 Thailand per capita GDP
The bottom line is the "Recession" is a lagging measurement of the damage that's already been done by War, Supply Chain Disruption, Covid, Inflation, Global Warming and the Labor Shortage – it's like getting the bill after you've eaten the food – the bill doesn't make things worse – it just sums up the damages.
That's the problem with Stimulus Spending – the Government spent $11Tn in the past two years and we have/had a $22Tn economy so 25% of it has been stimulus and now there is no more stimulus (after Biden's last $2Tn) so we have to stand on our own and, if you think a $17Tn economy (without stimulus) bounces back to a $22Tn economy in one year – you just don't understand how economies work. So, that means we'll be at LESS than $22Tn without stimulus and that means, on paper, the economy will contract.
The thing is, it already contracted 25% during Covid but we pretended it didn't and we papered over the gaping economic hole with Trillions of Dollars and now we are finally paying the proverbial piper but there's no sense in whining about it or panicking over it – this is simply an honest measturement of our economy for a change and labeling it a "Recession" doesn't make it worse. That's like saying you can say the temperature is 32 degrees but don't say "freezing" – because that would make it cold…
So stop whining and find things to buy but buy with caution and scale into the positions (see our Strategy Section) because, as we learned in 2008/9 –…
The S&P 500 gained 6.4% last week, the second-best post-pandemic performance for the large-cap index. For a moment there, we were out of bear-market territory, bouncing to an 18.5% decline from all-time highs. Now, it’s a bear market again ¯\_(?)_/¯
All silliness aside, calls for a bottom appear premature.
Michael Cembalest and his team did some work on what you want to be on the lookout for, and we’re not there qui...
Recession Resistant General Mills Rockets Higher Outlook
We’ve been interested in General Mills (NYSE:GIS) for some time now and we couldn’t be happier with the FQ4 2022 results. The company not only beat on the top and bottom line but issued favorable guidance in the face of mounting economic headwinds. The takeaway here is that defensive consumer staple stocks like General Mills are among the best positioned for today’s times and General Mills is among the best picks. Trading at only 18.5X it’s earnings outlook the stock is undervalued relative to its peers while paying an ...
One of the most frequent questions tossed around Wall Street trading desks (and strip clubs), and which was duly covered by Bloomberg recently in "Fear Has Gone Missing in Wall Street’s Slow-Motion Bear Market", is why despite the crushing bear market and the coming recession, does the VIX refuse to rise sustainably above 30, or in other words, why is the VIX so low?
As Goldman's Rocky Fishman wrote in a recent note "Option Markets Ta...
Russia’s war against Ukraine is pressing into its fifth month – despite several rounds of failed peace talks, and Western countries’ issuing severe economic sanctions against Russia.
The war isn’t happening just on Ukrainian soil. President Vladimir Putin’s propaganda is propelling...
Gold miners do well when gold is higher, and borrowing and gasoline costs are lower.
Lets start with a question: Why do governments own gold?
1) The need it to support their economy during an energy crisis. If their currency is collapsing oil producers will not take fiat for settlement, but they will accept gold. 2) While the US prints money the purchasing power of the US dollar is declining, hence gold is a hedge.
A particular market action which forces traders to move gold higher is when oil moves higher while the US dollar falls. This means the US dollar is losing purchasing power against oil, therefore gold will go higher as the demand for (1) above explodes. Some history, gold moved higher sharply in these years 2007, 2011, 2016, 2020. All ...
For many parents of kids under age 5, a safe and effective COVID-19 vaccine could not come soon enough. A full year and a half after shots first became available for adults, their wait is nearly over.
On June 17, 2022, the Food and Drug Administration ...
Phil gave an excellent, educational presentation called "Be the House Not the Gambler: Using Stock Options to Significantly Boost Your Portfolio Performance" at the FinTwit Conference hosted by Lupton Capital and Benzinga on May 14 in Las Vegas. The video is set to start playing at 5:30:45, when Phil takes the stage (but you can see previous presentations by backtracking).
AGENDA
9:00 AM Opening Remarks with Jonah Lupton, Entrepreneur & Investor
9:05 AM Wagging the Dog: How to Profit From Derivative Driven Moves in the Market with Steven Place, Founder, Investingwithoptions.com
10:00 AM The MarketWebs & The Path of Least Resistance, Christian Fromhertz, CEO, The Tribeca Trade Group
10:55 AM Fireside Chat with Gareth Mann, Founder & CEO, AlphaStream & Spencer Israel, Executive Producer, Benzinga
11:25 AM Sponsor Pitch: Carolyn Bao, VP of Marke...
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.
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...
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...
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...
Well yesterday was ugly.
We're not there yet.
On the Economic Calendar, Powell is scheduled to speak after Wednesday's GDP Report….jpeg)
I’ve made my living communicating. The first 20 years of my career, I rented my brain to Fortune 500 CEOs looking for guidance on branding or strategy. Just as a hit television show is a cocktail of production values and storytelling, a good consultant brings the peanut butter and chocolate of data-driven insight and storytelling together. The ideas and data are nothing unless you can articulate them in a compelling manner.
Told you so!
So stop whining and find things to buy but buy with caution and scale into the positions (see our 
German
Spanish
French
Italian
Portuguese
Japanese
Korean
Russian
Chinese
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...
Ilene is editor and affiliate program
coordinator for PSW.