My watch list looks like a grid where Phil's recommendations went UP and everything else went DOWN! It looked something like an ad for Philstockworld. I am half in cash, followed the recommendations (AAPL TASR YHOO) on a 20K portfolio and still up 1% for the day. Thanks!
Sn0gr00ve
Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.
Zeroxzero
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
I did the same thing via your logic (sold puts that is). I glanced one time and they were already up 15% which is considered a good return for an overnight hold in most circles. This is PSW though and to us it's just another day…
Kwan
Being a bear is easy (and I am not convinced we are doing all that well on the whole as an economy), but one cannot fight the trend (didn't Phil say that a while ago)? Just cover, make 5-10-15-20% and move on. It really does add up by chipping away. All I can say is I am back to 2007 levels in my account b'f the crash with this run up and some very nice help on this board….so kudos to us (and me!!)…
Pharmboy
Phil - I followed your great pick re F and sold short the 1011 2.50 puts (200 contracts) and paid for the next 10 years of membership fees…. Thanks!
Gel1
I am about 1000 hours into learning about investing. While, I have tried other websites along the way, they don't teach or focus on selling premiums and certainly don't have your mindset. Anyway, I have a lot to learn and look forward to the new portfolios.
So, thank ALL of you for being patient and teaching others how to "Be the House and not the Gambler"!
GrassHopper67
Phil – In the event of a mkt meltdown, which of the indices, in your opinion do you think has the most potential for % move down. I'm looking at call options on SDS and the DXD. Any thoughts? Ideas?
Thanks .. and thanks for being a great teacher! I've learned so much in only a month!
Louis631
Thanks Phil, I have adjusted my position by getting rid of the IYF puts, and selling the FAZ puts. You have so many of these awesome little tricks in your playbook that it really amazes me. I toally love your analogy by the way: Do you want insurance that you have to pay for, or do you want insurance that pays you?
Craigzooka
I'm just starting my second year as a member, and I'd like to thank all of you for sharing your trading ideas and insight, and especially Phil of course for great all-around investing advice as well as trades! In addition to learning patience and profit-taking, I think one of the most important things I'm learning here is to stick to stocks and trades that suit my temperament. And wow, I had NO idea how hard it was to learn patience. I should say "practice" instead of "learn", because it seems to be a constant struggle. Phil, please keep reminding us how nice CASH is!
Jerseyside
What a quarter! (AAPL, etc.) "People react; PSW'ers anticipate." Thanks everyone for a vibrant board.
Silentstorm
Phil, You were on the $ today with your calls almost exactly on the turns – Krap kuhn krup (Thai for thank you very much).
Jomptien
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
I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears shed, and gnashing of dentures all over the world. Well. I have had several short DX contracts in the $78ish range during the last month and upon your two statements 1) don't be greedy, and 2) 76 could be a bottom, I yesterday put a buy GTC order to close my positions at 76 and for some inexplicable reason the DX spiked down after the close and now I can safely say that once again you have confirmed for me that you have been one of the best investment services I have yet to come across. Almost to the point that I'm beginning to think that maybe I'm completely wrong about my political stance as well. Almost. In any event, I wanted you to know that this has been my third execution based on your comments and recommendations that I have followed and this one has also worked to my advantage. My subscription fee has been more than justified for the next year and there's some left over to pay for my stay in Toronto this week, dinner at Joso's in the Yorkville section of town. If I smoked I'd have a Montecristo to salute you. Be well, stay well.
Flipspiceland
Brilliant covering of the arcane, the profane , but never the mundane!
Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.
Seeking Truth
I doubled down on our USO June $35 puts on Tuesday afternoon and listened to your posting yesterday and sold 1/2 midday and the rest I sold (luckily) at the top of the market yesterday with the last 1/4 of my contracts at 100% return in less than one day!
Samlawyer
I want to thank you for the FREE LL trade. I This was the first spread trade for me and promised to join your service if I made money. I closed the spread last week and will be joining next week when we return home.
Captain Mogul
Cory Booker for President. :) . Thanks for all the good futures guidance Phil! Having one of my best months yet. Account is up 75% YTD!
Traderd
Against all prognostics (bears) Phil pointed in the morning the correct direction, and in middle of day he pointed the possible move to 2.5% Incredible… I'm starting to serious believe on the program trading and the human nature behind the programing those "trade-bots".
Spider
I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable.
Phil does not baby people and certainly can't make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions.
Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.
Rookie IRA Investor
Phil/Eric/Cwan/Matt/Cap/etc.. - I've learned so much from all of you and want to thank you. I'm up 23% this month thanks to all of your advice - Thanks, guys!
Josiah
Oxen (directly) and Wilkinson (indirectly) are making me a great day trader! Props to Andrew for another little nugget last night: HIG. $20 Dec calls paid 6% quickly this morning. And helloooo STJ - a few days, but nice pick nonetheless - esp with early cover premium.
Dstillwe
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
Phil: well, often you say, just for FUN, great comment, TXS,
closed 2 SKF positions, one with 10 % , the other with 6 % gain,
RMM
I traded with Phil for approximately three years, and consistently averaged 80% returns yearly... some of which was due to my skills as a trader, but much was a direct result of what I learned as a member of Phil's site.... both from Phil, and the many talented traders that hang out there. Phil... if you are reading along... thanks, again for the approximately $ 3 mil I made tagging along with you.... in order to make you feel good for the work you did... I gave the government 50% of it all, so you made your contribution....
1234Gel
I discovered PSW while reading up on the US economy and how it applies to all the poor folk of the world and to myself as a humble UK desk slave.
This year I put time into learning options trading. I upgraded (with great administrative difficulty!) my stock dealing account to deal options. Now I am an avid reader of PSW and subscribed for voyeur membership. Initially feeling out of my depth struggling to keep up with the peculiar language of options traders, I unsubscribed feeling a little under confident and uncertain if the small stake I have to invest in options could generate enough to justify my PSW subscription. Nevertheless, I've benefited considerably from the member's material. From a small number of initial trades, I've exceeded profit targets enough to consider re-subscribing in some capacity. Thanks for the knowledge and more than anything I appreciate the human angle, the humour and the ecologically sympathetic approach rarely seen in other financial media. Best wishes all - Jon
Jon
Phil - Wow…wow. The vision and inate grasp of the options world you posess is rather staggering. It's this type of experience that I really hope to develop. I'm afraid I still can't see the moves, but I WILL learn. I cannot thank you enough for the patience, knowledge and effort you put into this place. Please keep it going!
Where
Looking over your main themes last week, the "China may fall first" and "if you missed it previously, Thurs am gives you a second chance to short" were absolutely on target. I had to rely on stop-losses because of my schedule but just those two calls could have been worth a small fortune. Keep it up and I look forward to your new portfolio.
Ocelli
Thanks to Phil (again) for the lessons on the art of the roll, selling premium and hanging tight under fire (particularly in the first hour of trading-MADNESS). Watching you manage the $25KP has really helped my trading in a big way.
Oknoman
PSW – Price/Value; The value of PSW on a regular basis exceeds by far the price of the annual subscription. The edition of February 26 'Which Way Wednesday – Popping or Topping?', – priceless for the serious investor.
Chart via Piper Sandler’s new note on Coinbase. They don’t think it’s trading as a proxy for Bitcoin but I know it is. Here’s their take:
COIN shares have performed in-line with bitcoin since reaching an all-time closing high on 11/9/21. COIN shares and the price of bitcoin (which we use as a proxy for broader cryptocurrency prices) have fallen 46.4% & 45.5%, respectively, since COIN reached a record closing high on 11/9/21. While this is certainly a significant move to the downside, we believe it has more to do with investors pricing in future rate hikes across fintech/growth investments as a whole and less to do with the expected trajectory of cryptocurrency/digital asset adoption.
Anyway, here’s my take: There is absolutely no chance that Coinbase works as a stock so long as crypto prices, BTCUSD in particular, remain in a 50% drawdown. And – obviously! – a Bitcoin rally back the highs virtually guarantees a much higher COIN price. It also works the other way – if Coinbase finds itself in a massive regulatory problem, Bitcoin prices will feel that pressure. If there’s a big data breach or hacking event for Coinbase, Bitcoin will fall out of fear for the security of crypto in general.
So yes, I understand it’s not literally a Bitcoin ETF. But it’s close enough, no?
Source:
A Top Pick Among Those Impacted By The Risk Asset Pullback
Piper Sandler – January 25th, 2022
You may think the metaverse will be a bunch of interconnected virtual spaces – the world wide web but accessed through virtual reality. This is largely correct, but there is also a fundamental but slightly more cryptic side to the metaverse that will set it apart from today’s internet: the blockchain.
In the beginning, Web 1.0 was the information superhighway of connected computers and servers that you could search, explore and inhabit, usually through a centralized company’s platform – for example, AOL, Yahoo, Microsoft and Google. Around the turn of the millennium, Web 2.0 came to be characterized by social networking sites, blogging and the monetization of user data for advertising by the centralized gatekeepers to “free” social media platforms, including Facebook, SnapChat, Twitter and TikTok.
Web 3.0 will be the foundation for the metaverse. It will consist of blockchain-enabled decentralized applications that support an economy of user-owned crypto assets and data.
Blockchain? Decentralized? Crypto-assets? As researcherswho study social media and media technology, we can explain the technology that will make the metaverse possible.
Owning bits
Blockchain is a technology that permanently records transactions, typically in a decentralized and public database called a ledger. Bitcoin is the most well-known blockchain-based cryptocurrency. Every time you buy some bitcoin, for example, that transaction gets recorded to the Bitcoin blockchain, which means the record is distributed to thousands of individual computers around the world.
This decentralized recording system is very difficult to fool or control. Public blockchains, like Bitcoin and Ethereum, are also transparent – all transactions are available for anyone on the internet to see, in contrast to traditional banking books.
Ethereum is a blockchain like Bitcoin, but Ethereum is also programmable through smart contracts, which are essentially blockchain-based software routines that run automatically…
The NFT-marketplace OpenSea is in talks to raise at a $13 billion valuation in a deal led by Coatue, sources tell me. Paradigm will also co-lead the $300 million funding round, according to a spokesperson for the firm. Kathryn Haun’s new crypto fund, which is currently operating under Haun’s initials “KRH,” is also participating in the funding round, sources tell me. Dan Rose at Coatue is spearheading the round and may take a board observer seat.
In 2021, we saw the world awaken to the idea that NFTs represent the basic building blocks for brand new peer-to-peer economies. They give users greater freedom and ownership over digital goods, and allow developers to build powerful, interoperable applications that provide real economic value and utility to users. OpenSea’s vision is to become the core destination for these new open digital economies to thrive, building the world’s friendliest and most trusted NFT marketplace with the best selection.
This is, of course, a story about NFTs, at least in part, and by extension, a story about the so-called Web 3 née crypto economy that its fiercest advocates say is the future. But there are two other parts of this story that are very much at home on the Internet as it exists in the present: $13 billion, and “core destination.”
OpenSea’s Value
First, two more OpenSea stories from over the break. From Be In Crypto:
NFT marketplace OpenSea has frozen $2.2 million worth of Bored Ape (BAYC) NFTs after they were reported as being stolen. The NFTs on the marketplace now have a warning saying that it is “reported for suspicious activity.” Buying and selling of such items are suspended…
Meanwhile, there is a bit of a squabble happening over OpenSea over the Phunky Ape Yacht Club (PAYC). The NFT platform banned this NFT series because it was based on the Bored Ape Yacht Club NFTs. PAYC is virtually identical to
Developments around the global regulation, hash rate and adoption of Bitcoin made for a unique year in 2021. So how will 2022 play out?
This past year was certainly a unique one for bitcoin. We saw the first bitcoin exchange-traded fund (ETF) get approved in the United States, the largest-ever Bitcoin conference in Miami, the much anticipated Taproot upgrade, all-time highs nearing $70,000, oh, and a nation state made bitcoin legal tender. Despite all this exciting news, some things never change — the FUD was as prevalent as ever. Bitcoin saw a variety of bans throughout 2021 and, to no one’s surprise, China stole the show in this regard.
With 2021 nearly in the rearview mirror, I’ve been thinking a lot lately about what geopolitical bitcoin moves will occur throughout 2022. Below, I offer up a few questions to think about as we approach the new year:
On a global scale, will we see bitcoin regulation turn friendly or grow increasingly hostile?
Will hash rate continue to accumulate in the U.S. (possibly eclipsing a 50% share) or will we see a greater distribution moving forward?
Will another country adopt bitcoin as legal tender? And if so, which one? There couldn’t be multiple throughout 2022, could there?
These questions fall into three categories: hash rate, regulation and adoption. I’ve addressed each below in more detail.
As part of a "bonus question" asked in Goldman's listing of the bank's five top FX questions for 2022 (available to pro subscribers in the usual place), Goldman FX strategist Zach Pandl speculates on the fate of bitcoin – yes, according to the most important bank in the world, bitcoin is a currency – and predicts that the token frequently cited as digital gold will continue to take market share from gold as part of broader adoption of digital assets, suggesting that the often touted price prediction of $100,000 a distinct possibility.
In response to a rhetorical question whether "Bitcoin take additional market share from gold" (one which JPM answered affirmatively back in October when it found that "Institutions Are Rotating Out Of Gold Into Bitcoin As A Better Inflation Hedge"), Goldman's Pandl takes a hint from the iconic analysis penned by Paul Tudor Jones back in May 2020 which quickly became a bible to crypto advocates, and which looked at the absolute value of various hard assets…
… and writes that according to the World Gold Council estimates, the private sector owns 44,000 metric tonnes of gold for investment purposes (i.e. privately-held bars and ETFs, excluding jewelry, official sector holdings, and industrial uses).
So, at the current market price of $1,800 per troy ounce, this implies that the public owns about $2.6 trillion of gold for investment purposes. By comparison, Bitcoin’s float-adjusted market capitalization is currently just under $700BN. Therefore, Pandl writes, "Bitcoin currently commands a roughly 20% share of the “store of value” (gold plus Bitcoin) market"
Looking ahead, the Goldman strategist thinks that Bitcoin’s market share will most likely rise over time as a byproduct of broader adoption of digital assets, and possibly due to Bitcoin-specific scaling solutions although, as he admits, "the network’s consumption of real resources may remain an important obstacle to institutional adoption.
In any case, in a hypothetical scenario, the Goldman strategist notes that if Bitcoin’s share of the “store of value” market were to rise to 50% over the next five years – with no growth in overall demand for stores of
I didn’t grow up with a passion for the markets. When I first developed an interest in it, I started from level 0. I knew absolutely nothing. So you could imagine how much I retained from the first book I picked up, The Intelligent Investor, written in 1949. All of the concepts were new to me, but the chapter on Mr. Market clicked and inspired me to keep going.
I’ve used this analogy in the past, that learning is like when you get a new iPhone, and it has to read your thumbprint. Every time you lift your thumb and put it back down, the phone gets better at recognizing your thumb. It’s the same thing with learning. The more you do it, the more the gaps get filled in.
An email that we’re getting more and more in the Animal Spirits inbox is “I don’t know anything about crypto. I want to educate myself but don’t know where to start.” I’ve struggled to come up with an answer because it’s such a complicated monster, but the solution I’ve landed on is pretty simple. Just start somewhere. I shared some specific things I’ve done in this post that have helped me learn.
In the beginning, I struggled to understand what was going on. It’s not just new concepts. It’s a whole new language. Proof of work and proof of stake are native to crypto. You don’t use these concepts in other fields. With crypto, you don’t just have to learn new words. You have to learn a whole new alphabet.
The good news is there are a ton of resources out there, like this incredible research report from The Block. If you’re brand new to crypto, much of this won’t make sense to you, the same way your thumb didn’t make sense to your iPhone. But the more time you put into it, the less foreign things will sound. I am still a complete novice, but I’m way ahead of where I was just 12 months ago. No shortcuts,…
Log4Shell, an internet vulnerability that affects millions of computers, involves an obscure but nearly ubiquitous piece of software, Log4j. The software is used to record all manner of activities that go on under the hood in a wide range of computer systems.
Jen Easterly, director of the U.S. Cybersecurity & Infrastructure Security Agency, called Log4Shell the most serious vulnerability she’s seen in her career. There have already been hundreds of thousands, perhaps millions, of attempts to exploit the vulnerability.
So what is this humble piece of internet infrastructure, how can hackers exploit it and what kind of mayhem could ensue?
Cybersecurity & Infrastructure Security Agency director Jen Easterly called Log4Shell ‘the most serious vulnerability I’ve seen.’Kevin Dietsch/Getty Images News
What does Log4j do?
Log4j records events – errors and routine system operations – and communicates diagnostic messages about them to system administrators and users. It’s open-source software provided by the Apache Software Foundation.
A common example of Log4j at work is when you type in or click on a bad web link and get a 404 error message. The web server running the domain of the web link you tried to get to tells you that there’s no such webpage. It also records that event in a log for the server’s system administrators using Log4j.
Similar diagnostic messages are used throughout software applications. For example, in the online game Minecraft, Log4j is used by the server to log activity like total memory used and user commands typed into the console.
How does Log4Shell work?
Log4Shell works by abusing a feature in Log4j that allows users to specify custom code for formatting a log message. This feature allows Log4j to, for example, log not only the username…
After a big year for cryptocurrencies, what’s on the horizon in 2022?
A bitcoin symbol is seen on an LED screen during the closing ceremony of a gathering of cryptocurrency investors in Santa Maria Mizata, El Salvador, in November 2021. President Nayib Bukele announced his government is building an oceanside Bitcoin City. (AP Photo/Salvador Melendez)
The year 2021 was marked by several major breakthroughs for cryptocurrencies.
For one, new crypto applications like non-fungible tokens (NFTs) gained ground, with sales of these digital assets setting new records at major auction houses. Secondly, Bitcoin made strides towards mainstream acceptance with major websites like Expedia and Microsoft accepting the coin as a means of exchange. Third, in September, El Salvador became the first country in the world to accept bitcoin as legal tender.
There are many more examples of how the market for cryptocurrencies has expanded just in the last year. With this uptick of activity, what’s ahead in 2022 for cryptocurrencies?
We believe there are three main areas where cryptocurrencies will gain steam in the next year: greater acceptance of Bitcoin as a means of payment, increased regulatory scrutiny and a rise in NFT activity.
The embrace of Bitcoin
Understanding what motivates individuals to adopt Bitcoin has been a challenge for researchers. A recent study suggests five main factors contribute to someone’s likelihood of using Bitcoin:
Trust in the system
Online word of mouth
Quality of the web platforms available for transaction
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 time on their hands during pandemic lockdowns. Also, large investment funds and banks have stepped in, not least with the recent launch of the first bitcoin-backed ETF – a listed fund that makes it easier for more investors to get exposure to this asset class.
Alongside this has been an explosive rise in the value of stablecoins like tether, USDC and Binance USD. Like other cryptocurrencies, stablecoins move around on the same online ledger technology known as blockchains. The difference is that their value is pegged 1:1 to a financial asset outside the world of crypto, usually the US dollar.
Stablecoins enable investors to keep money in their digital wallets that is less volatile than bitcoin, giving them one less reason to need a bank account. For a whole movement that is about a declaration of independence from banks and other centralised financial providers, stablecoins help to facilitate that. And since the rest of crypto tends to go up and down together, investors can protect themselves better in a falling market by moving money into stablecoins than, say, selling their ether for bitcoin.
A substantial proportion of buying and selling of crypto is done using stablecoins. They are particularly useful for trading on exchanges like Uniswap where there is no single company in control and no option to use fiat currencies. The total dollar value of stablecoins has shot up from the low US$20 billions a year ago to US$139 billion today. In one sense this is a sign that the cryptocurrency market is maturing, but it also has regulators worried about the risks that stablecoins could pose to the financial system. So what’s the problem and what can be done about it?
The problem with stablecoins
Initially introduced in the mid-2010s, stablecoins are centralised operations – in other words, someone is…
So this happened today. Technically, it happened in October, but you get the point. Today we found out, officially, what we already knew. Prices of goods and services are going up only.
If you stare hard at this chart, you can see when the highest inflation print in 30 years hit the tape.
I’m all for not confusing correlation with causation, but in this case, it’s kind of hard to make any interpretation other than inflation up bitcoin up.
I wanted to see how bitcoin has responded to other high inflation prints, so I asked Nick Maggiulli to fire up his data machine. This chart shows bitcoin’s performance in the 24 hours after CPI numbers were released.
Just eyeballing this, it doesn’t seem like there’s much of a relationship between inflation and bitcoin, at least not in the very short term. Inflation has been running at 5% for the last five months. On four of those five occasions, bitcoin fell 1.5% or more. One more chart to add some color to the situation. The red dots show CPI releases.
I’m not sure that bitcoin is a good inflation hedge. I get the thesis, and I’m open to it, but I’m not convinced. I also realize that showing returns over 24 hours and trying to draw a conclusion is pointless. I know that the market is smarter than me, and today it’s saying that bitcoin is a good hedge against inflation. You could also argue that the market has been saying this all year. Bitcoin was 30,000 in January. It’s 67,000 today.
There are several plausible explanations for why bitcoin doubled this year. Inflation is probably one of them.
Retail traders panicked yesterday. Not all, obviously, but they dumped their shares as a group. Here’s Bloomberg:
In a spasm of panicked selling early Monday, retail investors offloaded a net $1.36 billion worth of stock by noon, most of it in the first hour, according to data compiled by JPMorgan Chase & Co. strategist Peng Cheng. By his estimate, s...
It’s just a ‘panic attack’ – Russian media blames US for escalating Ukraine crisis
A live broadcast of Russian President Vladimir Putin speaking is shown on Dec. 23, 2021, from a media control room in Russia. Eric Romanenko/TASS via Getty Images
Two months ago, I saw a euphoric climax in bitcoin, which I didn’t like. The futures ETF had just launched, and they were running those commercials starring Matt Damon on CNBC for crypto.com invoking Fortuna,...
The supply chain has dealt with several issues over the past couple of years, as consumers and businesses have been forced to navigate a tricky “COVID” landscape.
Commodity prices (in general) have risen, while enduring some big swings.
Today we look at a commodity that plays an intricate role for consumers, and perhaps the equities market as well. Lumber. When lumber prices are high, new homes and buildings cost quite a bit more.
Update (Friday 0711ET): Organizers of the "Freedom Convoy" have "received confirmation that GoFundMe has released our first batch of funds" following reports Thursday, the c...
Chart via Piper Sandler’s new note on Coinbase. They don’t think it’s trading as a proxy for Bitcoin but I know it is. Here’s their take:
COIN shares have performed in-line with bitcoin since reaching an all-time closing high on 11/9/21. COIN shares and the price of bitcoin (which we use as a proxy for broader cryptocurrency pric...
Come on! Seriously do you think a 400% rally for Bitcoin was going to be given to the public easily. Without any pain! Come on muppets!
The uniformed (public) buy when price is rising or breaking new highs, the informed buy when price is falling or breaking lows.
The informed have to do it this way as they are large volume players and the only way they can buy large volume is to create chaos. The chaos brings to the market the weak holders and a forced sell. Price is moved to where the volume can be accumulated, in a bull trend that is down to critical support.
Of course if price is in a true bull market the 'chaos' created should not break critical long term trend signals, ...
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.
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...
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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.