Phil: I loaded up big time yesterday on your suggestion of the AMZN September 75 naked puts. They are up 43%!
Gel1
Hello Phil,
Thanks for the heads up on the comming sell off on friday, and the bs job yesterday. your our guiding light!
Microflux
From following Phil I have opened up BCS and occasion will strangle some stocks. I will occasionally hedge using an ETF ultra. I have a big take down occasionally but so far I am way ahead of the S&P, and since buying into PSW some years ago by seeing Phil on Seeking Alpha I feel more confident in my abilities. FYI I am a retired entrepreneur formerly in the real estate and insurance businesses.
Newthugger
PSW AC Conf: For those who may be on the bubble, I attended my first PSW LV in November. It was a real eye-opener. What I accomplished in a couple of days of exposure to Phil, Pharm, Craig, et al made my previous couple of years of hanging around the web site seem silly. If you are inclined in the slightest, you really should go. Just rubbing shoulders with other PSW members proved to be really valuable. Strictly on the basis of value, it's a great deal. You will have real time conversations with Phil and the gang and they will get to your questions and agenda items.
Mjjwo9b
Hi Phil,
Thanks for the free disaster hedge ideas. I implemented variations of two of them on SDS bull call spreads and EEM bear put spreads (haven't done the TZA yet) and they really hedged my short term longs nicely today. Makes it seem a lot less like gambling.
You are the man (of the people)!
Howard Roake
Sold the BG puts I got yesterday at $1.30 for $2 just now. Might be a little early, but I'm happy with that gain. Thanks Phil.
Smasher
Sold out my AAPL mar95 calls. Up over 100% today on them!
Singapore Steve
Peter D, Just a note of thanks. Eight weeks ago, I entered my first RUT strangles, when the RUT was at 625. Tomorrow, I will let them expire, with the RUT at 625 (give or take). I didn't care when the RUT went to 650, nor when it dropped to 590. Easiest, no touch money I've made in a long time.
Judahbenhur
I thank you for the years of being my teacher, always took the time to answer my questions.
You are the BEST !
QCMike
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 / TNA – On Monday you put out the TNA BCS 41/47. As I mentioned I work during market hours so on Tuesday morning on my way out the door (premarket) I put in an advanced TOS '1st trigger sequence' order to fill the BCS. I can control the entry using this method vs. the vertical entry that TOS allows for the BCS. I filled the June 41 long call but never filled the 47 short call. I let that ride into today. OMG ..TNA popped 7.5%!… the $3.60 entry is almost a double! Tomorrow will be a OCO bracket to get out of TNA before Ben speaks. I should be able to preserve 85% – 100% on the trade. For the income portfolio plays in my IRA's, doing very well… I do like collecting premium! Well done and thanks!
JFawcett
The legendary Phil Davis has done it again with his call to "get out of the market now" (12/05/2017). Congratulations Phil, and while I am at it, I again would like to Thank You for your advise given me in March '09, when you said "unless you believe the world is coming to an end, then get in this market with both feet"...... and what a ride that was !
1234gel
Phil-
I would like to echo the sentiments of dclark41. Joining this site was the best thing I have ever done to aid my growth as a trader/investor. There are so many smart and experienced people here sharing their ideas that regardless what your investing style is you will learn something daily. Thank you and all the regular contributors for your generosity.
Acd54
Aapl/Phil
Thanks for your advice, always appreciated.
So, not so much a tax issue, but more to protect against a 5% or greater drop.
Here is what I did before their earnings…sold 25% of my stock at 147.50
Against the rest, I sold the June $140 calls for $8.25, protecting down to $140 if needed.
And just for fun, I bought the weekly $145 puts for $1.50( small price to pay if they bombed on earnings)
So, overall, I am happy with the insurance I was able to 'generate' for 1% of the price of stock.
Now, depending on what happens, I have the luxury of deciding and being in the driver's seat with respect to whether to sell and buy your spreads or not.
Having done all that meandering, I must say it was fun!
More important, I could not have done something like that 2 or 3 years ago and reading and thinking about your teachings has been a tremendous asset.
Thanks!
Maya1
Phil,
3 for 3! Sold on initial excitement and made a double on USO, 70% on AMZN and 70% on SPY options from Friday.
Thanks and much appreciated for the suggestions.
Gingbaum
I am struck by several things over the last few days. First is how level-headed we all are as Greece and China develop. Second is how very helpful it is to see the different trading styles we have, partly because of personal preference and partly because of different stages of development and education. It's very helpful. Well-done, Phil, to have developed this community.
Snow
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
Phil, thanks for the webinar and options subject…I wasn't shown as attending but I was there for most of it. Your memory amazes me, your speed on the computer amazes me, your math skills blow me away. coke
Coke
Bought some QQQ's today on the dip. Added a little bit more to my son's account. Up about 8% in 2 months! I think I've learned some stuff here. Thanks to all that contribute, and of course to the boss. Thanks Phil!
JeffDoc
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
We are lucky to be in America and it is great to be part of the PSW tribe. Keeps me thinkin' and gatherin' the profits. ~ 42 % gain in my trading account year to date, which keeps me happy. Half to a third of the trading account is reserved in margin capacity that Is not committed. So, again thanks Phil and all of you other members.
Newthugger
Phil, I was so impressed with the personal note in the comments that I went ahead and paid for a months trial of premium that I have been on the fence for awhile about. Just reading the comments makes me already glad for the purchase.
Smasher
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
Boring trading – Phil/ Thanks to PSW, my yearly covered-writes are on pace for 15%. Add the long puts and well over 20%… and I look at it once a day and never lose sleep over it. Actually doing better than my trading account at this point (Thanks, summer 2013)
Anyway, the point is that anyone with enough money would be wise to do the 20% – 40% stuff and do trading as a hobby…
Arivera
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
Took profit on QQQ 57 Puts, bot 40 at $0.07, sold 20 for $0.15 and 20 for $0.32. Thank, Phil
Bobhu
Thanks, I managed to make 2k today so I am happy…and feel like I am finally getting it. New equipment and a quiet place to work helps a lot. I am happy for all the members that took your /NKD advice….that was fun I am sure! coke Take your vitamins…I don't know how you do all this! but, keep it up!
Coke
Phil: UNH, hedged stock position, doing great, up over 50 %,
RMM
Peter D: great write-up for Short Strangles, Part 1, looking forward to Part 2, particularly the adjustment part.
RMM
I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable.
Phil does not baby people and certainly can't make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions.
Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.
?I have been astonished as you know by the growth of crypto.
I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.
Today Bitcoin is near $50,000.
Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.
After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.
That has continued each weekend.
This is not a bubble…it is a sea change.
I am extremely confident there is enough capital and profits in the digital/crypto world that will never make it back to the physical world that the pace of development and spend will continue to accelerate.
"I expect Bridgewater to soon offer an alt-cash fund and a storehold of wealth fund in order to better deal with the devaluation of money and credit that we consider to be a major risk and opportunity, and Bitcoin won’t escape our scrutiny.”
And now, after significant attention that his comments received, Senior Portfolio Strategist Jim Haskel sits down with Director of Investment Research Rebecca Patterson for the following podcast to further explore these questions:
How does Bitcoin compare to gold as a storehold of wealth?
What would a shift from gold to Bitcoin mean for Bitcoin’s price?
What is the future of Bitcoin regulation?
This latest clip from Bridgewater is a follow-up to their recent lengthy treatise on Bitcoin as a store of wealth.
TL;DR: Overall, it’s clear that Bitcoin has features that could make it an attractive storehold of wealth; it also has proven resilient so far. Future challenges may still come from quantum computing, regulatory backlash, or issues we haven’t even determined yet.
Rebecca Patterson, Dina Tsarapkina, Ross Tan, Khia Kurtenbach
With most central banks around the world acting to depreciate their currencies at a time when bond yields are already converging to zero, it’s reasonable to look for alternative storeholds of wealth. Bitcoin, by far the leader among cryptocurrencies, has gotten the lion’s share of attention here as it has skyrocketed in value—appreciating nearly 200% just since October to more than $40,000 per bitcoin before settling at current prices around $30,000. Bitcoin offers some attractive attributes, such as limited supply and global exchangeability, and is evolving quickly. For now, though, we do not see it as a viable storehold of wealth for large institutional investors, thanks mainly to a high degree of volatility, regulatory uncertainty, and operational constraints. Rather, we see it as more
What I’m about to write is going to sound incredibly stupid. Some of it also might not be factually accurate, as I’m still very much a NoobWhale. If you want to learn more, I suggest you start here, here, or here. Also, this is definitely 100% not investment advice. Terms and conditions, etc.
I’m participating in the early days of a mania for the first time in my life. I tend to be a knee-jerk skeptic, so I feel like a fish out of water right now. I never bought Bitcoin in its infancy, and I don’t do meme stocks. It’s just not in my personality. Maybe it’s because my parents got divorced when I was young, and I JUST DON’T WANT TO GET HURT AGAIN, OKAY!
All jokes aside, this thing got its tentacles in me, and it’s not letting go.
I’m pretty sure this is a bubble. I’m also pretty sure this is still early days. What’s happening now feels very strange. It’s hard to know what’s real and what’s just like an inside joke.
This thing I’m referring to is something called non-fungible tokens, which you’ve definitely seen pop up over the last week if you spend any time on the internet. And if you’re like most people, you’re probably wondering what the hell is this?!?
NFTs are indivisible, unlike shares of stock or other cryptocurrencies. You own all of it, or you own none of it. They’re also verifiable, meaning you can see the history of where it started, who has owned it, and how much subsequent owners have paid for it.
I don’t remember where I first heard about NBA Top Shot, but I definitely thought it was a goof. My immediate reaction and everybody’s reaction when they first hear about it goes something like this: “Wait, I don’t get it. These are…GIFs…on the blockchain? Why can’t I just watch it on YouTube?…
I think you will more enjoy this post if you FIRST watch this quick Bitcoin explainer on my new favorite financial show ‘The Lily Show‘
Here we go…
On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins. Embedded in the coinbase of this block was the text: The Times Jan/03/2009 Chancellor on brink of second bailout for banks.
Here we are in 2021 and Bitcoin 1 trillion (8 percent from that round number) is one of the most fascinating investing moments of my investing career. I remember Yoni Assia first telling me to buy Bitcoin at 12 cents in Tel Aviv back in 2010. I told him to just take my money for Etoro and leave me alone.
I was told by someone on Twitter last night that if I had invested just $1,000 at 12 cents and held, my Bitcoin stake would be worth $416,666,666.
PLEASE.DO.NOT.TELL.ELLEN.
There is no way I would have held or NOT lost those original Bitcoins so investing in Etoro was a pretty good next best decision to make that day as Yoni has held Bitcoin and multiplied my investment at a much better rate than I would or could have.
Bitcoin $1 Trillion comes with a lot of other records in the markets that make sense considering the macro events that brought us Bitcoin $1 trillion.
Japan’s Nikkei is exitiing a 30 year bear market:
$EBAY – the godfather of ‘Beanie Babies’ and selling stuff from your closets and garage is at all-time highs:
A Wayne Gretzky rookie card IPO’d on Rally Rd for $800,000 (I am sure I had 5 of those at one point as a kid in Toronto but lost them in ‘shootsies’):
I wish I was younger to more enjoy this moment in investing history. The yoots have all these new financial toys.
I’m on vacation so I got to watch three or four hours of CNBC over the last two days from my hotel room. I don’t get to watch any CNBC during the week when I’m in New York working. Andrew, Joe and Becky are great at what they do, and I enjoyed a lot of the interviews I caught on Squawk.
But that’s not what I want to talk about.
I want to talk about something of greater import.
It’s a realization I was able to come to only as a result of stepping away and watching from a distance as the commentator class remarked upon the latest dozen or so SPACs to raise money or consummate a deal with an unprofitable, experimental business.
Or the moment by moment push of Bitcoin through the latest Big Round Number (it’s pulsing its way through $51,000 per coin as I type this). Add in all the alt-coins (which put the lie to the investment premise of scarcity, but that’s a different story for a different day) as well as the Non Fungible Tokens (NFTs), which is like a delusion of a delusion – we’re now inventing new “assets” solely for the purpose of digitally securitizing them and reselling them to an even more credulous buyer who will in turn find someone even thirstier to come in behind him.
Or the latest electric vehicle startup to be worth billions of dollars before selling even a few thousand cars or trucks on the open market.
Or the IPO explosion, where just for showing up the investor class awards your deal with an almost automatic, quasi-obligatory 50 percent premium above the offering price. “Thanks for getting out of bed this morning, here’s three billion dollars.”
Or the latest fintech contender entering the arena with yet another take on the free services in exchange for rapid user growth conceit. When your business model is selling stock, user growth is much more critical than profitability, and, in fact, profitability may even be a hindrance to attaining the sky-high valuations your stock buyers are hoping for. If you earn a profit, there’s
"If over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved,”
CNBC's Hugh Son reports that last month, during a town hall meeting held for thousands of JPMorgan Chase traders and sales personnel around the world, global markets head Troy Rohrbaugh acknowledged a question that is increasingly being asked by the bank’s own employees: When will they get involved in bitcoin?
In a response that reportedly took up a chunk of the hour-long call, Pinto signaled he was open-minded about bitcoin: “The demand isn’t there yet, but I’m sure it will be at some point.”
Source: Bloomberg
This all comes after JPMorgan has tried (and failed) four times in the last few weeks to slam bitcoin (see here for failed attempt #1, attempt #2, attempt #3, and attempt #4)
Source: Bloomberg
JPMorgan is not the only big bank being forced to face up to the new reality of decentralized finance and cryptocurrencies, as CNBC reports that last week, Goldman Sachs hosted a private forum with Mike Novogratz, the CEO-founder of crypto firm Galaxy Digital, for employees and clients. Novogratz expounded on his thesis for bitcoin, ethereum and other digital assets as well as their macroeconomic backdrop during the 90-minute virtual event.
As corporations, payment systems, and disruptors (Tesla, MicroStrategy, MasterCard, PayPal, & BNY Mellon this week alone) increasingly adopt cryptos, if one of the six biggest U.S. banks decides to embrace bitcoin, it would be a major stamp of legitimacy for the nascent asset class.
As Hugh Son concludes, there is irony here: In a few short years, bitcoin went from an idealistic technology meant to cut out banks and other intermediaries to a store of value used mostly
Coins that power decentralized finance (DeFi) protocols are soaring recently as bitcoin treads water.
While bitcoin grabbed all the headlines early on in the year, it is the rest of the crypto space that is stealing its thunder most recently as Ethereum, the backbone of the smart contracts that define much of the DeFi space, has drastically outperformed…
Source: Bloomberg
That is the highest for ETH relative to BTC since
Source: Bloomberg
In fact, as Bitcoin drifts, Ethereum is up over 17% since Friday…
Source: Bloomberg
Back above the recent highs….
Source: Bloomberg
Making new all-time highs…
Source: Bloomberg
The incredible surge in the price of AAVE (driven as surge in the growth of flash loans) most recently is a good example of what is driving this push into DeFi tokens. As CoinTelegraph notes,
Flash loans allow cryptocurrency holders to collatoralize their portfolio to fund other purchases or new crypto purchases.
The loans also help investors utilize the value in their tokens without the need to sell see them and create a taxable event.
Since launching flash loans less than 12 months ago, more than $1.7 billion have been issued and it’s expected that this figure will increse as the crypto bull market progresses.
Simply put, the crypto market is becoming its own bank.
If President Joe Biden’s nomination of Gary Gensler to lead the Securities and Exchange Commission is confirmed, Gensler should act swiftly to get the agency’s staff moving toward approving a Bitcoin exchange-traded fund, showing that the U.S. not only understands cryptocurrencies but is looking to protect investors and put the country on a level playing field with the rest of the world. This move is long past due.
The SEC is seen as dragging its feet unnecessarily on the issue of approving ETFs that focus on cryptocurrencies. An informal Twitter poll I recently conducted found that almost 80% of the 2,192 people who responded believe the SEC should approve a bitcoin ETF. About 50% would invest in one. I’ve been doing these polls for years and this is the highest by far in favor of approval.
My poll lines up nicely with a Bitwise survey of financial advisors. In that one, 63% of respondents said an ETF was the preferred vehicle to invest in Bitcoin, compared with 16% for directly owning the digital coin and 10% for a mutual fund. People say this not as crypto advocates but as fans and users of the very durable and efficient ETF structure. They would feel the same way if the SEC denied a gold ETF or a China A-share ETF, both of which are great examples of ETFs breaking new ground and successfully democratizing a unique asset class.
Here are five reasons the SEC should approve an ETF:
1. The Premium in Grayscale Bitcoin Investment Trust is Dangerous:
Those seeking a U.S.-based investment vehicle for the digital currency are generally left with a bunch of OTC-traded trusts similar to closed-end funds but without the crucial share creation or redemption process offered by an ETF – a feature that allows for arbitrage.
The most popular is the Grayscale Bitcoin Investment Trust, which has grown from $2 billion to more than $20 billion in assets over the last year. If Grayscale was an ETF, it would rank about 50th in size, putting it in the top 2% of all ETFs. Those that bought shares of the trust over
Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to just below US$30,000 by the end of the year.
Since then it has climbed to all-time highs above US$38,000, making headlines day after day and driving up the prices of other cryptocurrencies at the same time. So what has driven this huge price appreciation and is it different to the bubble of 2017?
One reason for the massive price rise is that there has been a big influx of investors from large-scale institutions such as pension schemes, university endowment funds and investment trusts. This was not the case during the last bull market in 2017, in which the bitcoin price rose about 20-fold to almost US$20,000, only to slide back to the low US$3,000s a year later.
In 2017, the cryptocurrency ecosystem was dominated by individual retail investors, many of whom were attracted to bitcoin’s scarcity and the fact that it stood outside the global financial system. The 2017 bull market had all the signs of a classic financial bubble and investors who were buying in “fear of missing out” (FOMO).
The move mainstream
This time, big names such as billionaire investor Paul Tudor Jones and insurance giant MassMutual have invested heavily, while even former naysayers like JP Morgan now say that bitcoin could have a bright future. This all helps to increase trust in the cryptocurrency and indicates that it is becoming more mainstream.
Bitcoin has also been backed by a few large consumer-facing payment names. PayPal now allows customers to buy, hold and sell bitcoin directly from their PayPal…
Update (1230ET): Having broken above $38k and $39k in the last hour, Bitcoin prices have continued their YTD rampagae and just topped $40,000 for the first time ever.
Source: Bloomberg
Less than 3 days ago, Bitcoin was trading with a $27k handle!!!
Ethereum is also surging and nearing $1300…
Source: Bloomberg
ETH is still 2021's biggest gainer but in what can only be described as an epic short-squeeze, Ripple (amid SEC issues) is up almost 60%…
Source: Bloomberg
* * *
Amid the chaotic scenes in DC yesterday, and confirmation that both Democrats won their Georgia Senate seats, cryptocurrency prices have accelerated higher once again, crossing the stunning level of $1 trillion in total market capitalization for the first time in history…
“The more that people perceive that their assets, particularly their liquid assets such as fiat currencies are eroding in value, the more they will look for alternatives,” said Geoffrey Morphy, president of Canadian crypto mining company Bitfarms Ltd.
Bitcoin has crossed another milestone, topping $38,000 for the first time…
Source: Bloomberg
Ethereum also surged higher, breaking back above $1200 for the first time since Jan 2018…
Source: Bloomberg
As ETH nears its own record high from early 2018…
Source: Bloomberg
Among the many reasons for cryptos recent rise, Galaxy Digital's Mike Novogratz told CNBC this morning that the latest round of stimulus checks – and promises of even more to come under a Biden administration and now Democrat rule – could be further fuel for the rise in Bitcoin…
"A lot of that [stimulus] will find it's way into the markets. Certainly, when it comes into young people's hands, they're going right to their Robinhood accounts. One of the most unique things
By Monica Kingsley. Originally published at ValueWalk.
Scary selling yesterday? See how little the downswing has achieved technically, check out the other characteristics, and you‘ll probably reach the same conclusion I did. It‘s still about the tech getting its act together while much of the rest of the market is doing quite fine.
The credit market confirm, as is obvious from the HYG:SHY ratio chart I‘m showing you. True, long-term Treasuries are under pressure, but I wrote on Monday that ...
Over the past week, there have been swarms of earthquakes on the Reyjanes Peninsula in Iceland. Most of the quakes are felt around Keilir volcano, just 20 miles south of the capital. Officials are warning similar quake activity has previously preceded volcanic eruptions.
According to the Icelandic Meteorological Office, thousands of quakes have hit the southwestern region of Reykjanes over the past week. The largest earthquake, a magnitude 5.6 on the Richter s...
A demonstrator dressed as Saudi Arabian Crown Prince Mohammed bin Salman with blood on his hands protests outside the Saudi Embassy in Washington, D.C., on Oct. 8, 2018. Jim Watson/AFP via Getty Images
If you got the COVID-19 shot, you likely received a little paper card that shows you’ve been vaccinated. Make sure you keep that card in a safe place. There is no coordinated way to share information about who has been vaccinated and who has not.
On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.
The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...
?I have been astonished as you know by the growth of crypto.
I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.
Today Bitcoin is near $50,000.
Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.
After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.
The fast money happens near the end of the long trend.
Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.
Video on the subject.
Charts in the video
Changes in the world is the source of all market moves, to ...
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...
?I have been astonished as you know by the growth of crypto.
What I’m about to write is going to sound incredibly stupid. Some of it also might not be factually accurate, as I’m still very much a 
I’m pretty sure 
It’s a realization I was able to come to only as a result of stepping away and watching from a distance as the commentator class remarked upon the latest dozen or so SPACs to raise money or consummate a deal with an unprofitable, experimental business.
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.
