Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect
DKGuy
In options trading, one must remain flexible with the ability to adjust to take advantage of the unexpected moves in the market. It is like chess - spend most of your time strategizing the next move. A good understanding of options is necessary to change direction and make adjustments as the market moves against you. I have a friend that honed his option skills while a member of Phil's elite membership over a period of two years. With the education acquired, he made over $2 Mil in that period, trading options and following the plays put on by Phil. If making money is your goal, then he is the go-to guy, as he knows option strategies better than anyone, and market timing is also a skill he has mastered.
1234gel
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.
TokyoLife
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
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
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
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 want to thank you for sharing your wisdom with us. I've learned a lot (and still am) about your trading strategy, but also I see a man who truly cares about our country, America. Thank you.
Autolander
You are doing a fantastic job. I think most of us our very well balanced and consequently have learned how to manage through these ever so short declines in the market without panic.
Dclark41
You may wonder if anyone gets anything out of you seminars (or may not wonder). Anyway, I almost never day trade because of my job. Today, I was home due to the snow and since I was behind by 2 weeks on watching your recorded seminars I though I would watch one of them. I set up my pivot point charts in TOS to match the ones in your seminar and made the QQQ trade from this morning. I only bought 5 puts. While I watched the seminar, I would pause then switch back and forth and watch the live QQQ chart. I ended up stopping out for a $170 gain, but it was pretty cool to have the dip and recovery at the same time I was learning the art of stopping out when a pivot line was taken out.
rj_jarboe
Sold out my AAPL mar95 calls. Up over 100% today on them!
Singapore Steve
That was a quick double on the DIA calls. trailing stop in place.
Kwan
Phil, I don't know how I can thank you enough for your guidance this past week. I'm up significantly in my portfolio and I've never been so relaxed watching the market panic. Thanks once again for being here for us.
thechaser
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
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: 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
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
I have been a member for over six years and I still learn something new every day. This site gives you the skills to trade without having to be spoon fed. More importantly it teaches you about risk which is WAY more important than profit. Honestly, it is not a get rich quick scheme!
Malsg
Phil - I got your earlier trade a month or so ago on MSFT 2015 32/37 BCS, selling 2015 30 puts. Nice up 75% now!
Jomptien
Phil: Thank You!
Scaling, Scaling, and Scaling… then patience, patience, patience I'm 2 to 1 short and even on a day the broad market is up I had my largest one day gain in years. The last 6 weeks in fact have been great. I really feel I've learned to use some tools that will enable me to deal with the turbulence ahead. Selling short calls is definitely my preferred approach. Even allowed me to play golf this afternoon while the premium melted away and shoot a career low round. I owe you man!
Lincoln
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
Newer member here, but just wanted to say thank you too. I've learned so much and I hope you'll be around for a long time helping us learn along the way.
Where
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
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
Hey I just did a nice options trade on LL for $800 (50%) gain thanks to this site, so… not bad for my first day! An hour of reading you guys and I already paid for two months subscription! Thank you!
lchu
Thanks for the USO mention, Phil, 140% on my USO lottery ticket in 12 hours, and no hesitation in taking the money and running — you have trained us well. Sometimes it's teaching, but with this kind of stuff, where you get whipped like a dog if you let 250% profit melt away, it's definitely training. Happy Fourth!!!
Zeroxzero
Probably the best approach and method I have ever seen for the public and I have worked for some serious traders at the biggest houses doing research. Those guys all have various forms of inside info that you and I do not and cannot have. Davis simply has a great system based on a very deep understanding and experience that gives him market savvy that is very real. A very smart guy and he shares it for a fee. He knows how to use options to great advantage and make money trading.
DowntoEarthThinking
I am not a user of phil's site now, but was for a couple years. His advice and information is excellent. Perhaps even better, you get access to real-time trades of additional traders on his site (OptTrader, etc) and the other members who post what they are buying and selling. Overall, its a very valuable information tool. Expensive, but paid for itself many times over. I did not renew my membership because I switched jobs and did not have time to trade nearly as much.
XRTrader
I must add yet another paen to Phil's "cash and short" call, as my TZA shorts are past paying for Similac and Pampers and have now covered all doctors and Mt. Sinai hospital bills for young Charlotte, as TZA took the portfolio up 10%.
Zeroxzero
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…
Maybe it’s because Wall Street On Parade has been shining a bright light on the serial crimes and rap sheets of Citigroup and JPMorgan Chase. Or maybe it’s because the nonpartisan watchdog, Better Markets, published a report last year titled “Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree.” Or maybe it all comes down to what Senator Dick Durbin of Illinois said after the financial crisis of 2008: “And the banks – hard to believe in a time when we’re facing a banking crisis that many of the banks created – are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
Whatever the reason, the darkness that started growing around the crimes committed by the big Wall Street banks during the Obama administration has now evolved into such a complete dark curtain that regulators are refusing to say what the crimes actually are that are being settled for huge amounts of money.
On October 7, the Federal Reserve and Office of the Comptroller of the Currency (OCC) announced consent decrees with Citigroup, the third largest bank in the country. The OCC imposed a $400 million fine on Citigroup’s federally-insured commercial bank, Citibank, and stated in its Consent Order that it had “identified unsafe or unsound practices with respect to the Bank’s internal controls, including, among other things, an absence of clearly defined roles and responsibilities and noncompliance with multiple laws and regulations.”
But for the first time in more than 35 years of our reading these Consent Orders against Wall Street banks, the documents from both the OCC and Federal Reserve failed to specify exactly what crimes the bank had committed. We were so stunned by a $400 million fine for crimes that can’t be put in print or shared with the public, that we penned the headline: Citigroup Is Slapped with a $400 Million Fine for Doing Something So Bad It Can’t Be Spoken Out Loud.
Yesterday, as further proof that this is a pattern coming out of the Trump administration, the OCC did the exact same thing with JPMorgan Chase, the largest bank in the country which on September 29 admitted to its fourth and fifth criminal felony charges brought by the U.S. Department of Justice in the past six years.
By Jacob Wolinsky. Originally published at ValueWalk.
Managing Shipping Budgets in 2021: The Old Normal, the New Normal, or the Unknown?
As they plan their shipping budgets for the coming year, distributors and retailers are struggling to assess the pandemic-driven changes of 2020. SkyPostal’s A.J. Hernandez suggests a two-sided approach: be as careful as you can, while also being prepared for anything.
Building A Shipping Budget
(Miami, FL) November 23, 2020—While shipping managers would like to see some relief from the shocks and surprises of 2020, there are, says A.J. Hernandez, President and CEO of SkyPostal, Inc., a lot of reasons they’re probably not going to get it. According to a recent survey of industry experts, for example, rather than the 5%-7% increase in truckload costs predicted for next year, shippers could instead see a 10%-15% increase. Parcel cost increases, predicted at under 5%, could run in the range of 6%-7%.(1) “Meanwhile,” says Hernandez, “shippers are trying to build 2021 budgets around a possible return to pre-pandemic market patterns, and an equally possible transition to a ‘new normal’ whose economics are not yet understood.”
One major background issue, notes Hernandez, whose company is the largest private mail and delivery network in Latin America, is that the global economy has been battered by the pandemic, and that recovery, when it comes, could be slow. To allow for this, he recommends that shippers cling to what stability there is: extend existing contracts where possible, and where not possible, seek shorter-term contracts for smaller parts of their business. At the same time, he says, they need to budget for wide, sudden, and unpredictable cost increases, such as the recent 80% jump in short-term ocean container rates to the U.S. West Coast.(2)
Flight Schedules
In Latin America, where as much as 70% of shipped merchandise travels in the cargo holds of passenger aircraft(2), the key variable is not shipping container availability but flight schedules. While air travel volume has recovered somewhat since last spring, it is still nowhere near normal; for the week of November 9, the number of scheduled flights. worldwide,…
The Trump Legal team filed more documents today in the appellate court. I tweeted a bit about how silly they were (let me know if you all want me to march through them). Then this happened:
Trump giving the go-ahead for the transition to get underway was (I believe) the closest he will get to conceding the election. Two amusing things happened. First, Trump tweeted this about 10 minutes after Emily Murphy submitted a letter saying she would move forward, and that she has made her decisions solely on her own and not at anyone’s direction. Looks like Trump wanted people to think that she was, in fact, acting at his direction.
The other amusing part was that Trump’s lawyer spun this certification of elections as a “procedural step.” I suppose that when Biden is inaugurated, that, too, will be a “procedural step.”
I think lawyers are the ones who tended to believe we’d get through this. Interesting because I only represented indigents (I’ve never represented anyone who could afford to pay), so I’ve seen the dark side of the legal system. I never thought I’d be on Team Optimism.
But it’s been the courts that have held out. I think Trump genuinely thought “conservative” judges would just hand him the election. And it is totally unnerving that he asked the courts to do that.
I went back and forth. Was it a fundraising or media stunt? Or did Trump really think it would work? It was that press conference with Giuliani’s hair dye dripping that persuaded me. Trump thought he’d win it.
This is a repeated theme I come back to time and again. Who are you listening to? Not who as in what is their intelligence level or what is their pedigree – who as in what are the incentives that drive their commentary? Are they investors answering to clients or just guys doing newsletters, with no skin in the game and no accountability for their extreme opinions?
If you don’t face investors who reap the rewards or consequences for the s*** you’re saying, you can say much more outrageous things and scare people for attention. But if you actually have to talk to clients and answer for performance, your opinions are likely to be more humble, restrained and realistic. Because there’s a cost attached to them.
Here’s Michael Cembalest at JP Morgan yanking the trophy away from “the Armageddonists” who may have thought they’d be doing a victory lap after COVID-19 turned the world upside down earlier this year.
Nope. Stocks are back at all time highs and the penalties for having “gone to cash” over the last decade continue to pile up.
Talking people out of investing for their future because of this or that macro concern will always be a long-term loser, even if there are moments along the way where it looks temporarily smart. Everyone understands that there are potential drawdowns and negative developments that could occur. It doesn’t take talent to continuously harp on them. It takes talent to say “Yes, I understand these problems, but I’m going to push on through regardless.”
Smart people allocate assets, take appropriate risks and accept the uncertainty that comes along with the territory – they don’t twitch like squirrels every time someone snaps a twig in the forest.
Investing requires courage and the belief that, even if it takes awhile, things will work out and risk will be rewarded.
So I ask you again – Who are you listening to?
Source:
Thanksgiving Eye on the Market
JP Morgan – November 18th, 2020
How Biden and Kerry could rebuild America's global climate leadership
President-elect Joe Biden picked former Secretary of State John Kerry, shown with him in 2015, to be U.S. climate envoy in the next administration. Andrew Harnik
John Kerry helped bring the world into the Paris climate agreement and expanded America’s reputation as a climate leader. That reputation is now in tatters, and President-elect Joe Biden is asking Kerry to rebuild it again – this time as U.S. climate envoy.
It won’t be easy, but Kerry’s decades of experience and the international relationships he developed as a senator and secretary of state may give him a chance of making real progress, especially if that work is conducted in the spirit of mending relationships rather than “naming and shaming” other countries.
The international community, meanwhile, largely moved forward. Many countries and regions have pledged to move their economies toward “net zero” greenhouse gas emissions by the middle of the century, including China, the European Union, South Korea and Japan. An increasing number of cities and states have set similar goals. Trump’s hard-line stance may have actually emboldened some, notably China, to make such announcements.
Getting those pledges implemented is what matters now, and that will require leadership, detailed planning and careful diplomacy. The U.N. climate conference in November 2021 will be special. It will be the first time countries will evaluate their progress on the Paris Agreement, and they will be expected to strengthen their commitments. Biden has already signaled that he will bring the U.S. back into the agreement as soon as he takes office.
As energypolicy experts involved in international climate policy for over two decades, we have watched how countries responded to U.S. involvement, and how their…
We have come a long way since the panic in March. At one point on March 12th, the $VIX hit 90 and the Stocktwits Social $VIX was 2.5 (2.5 bullish messages to bearish messages). Here is my blog post from that day.
That panic led to a bottom in prices over the next week and a rally that has been epic in nature.
Yesterday, the indexes all closed at or near all-time highs, the $VIX closed down at 22 and the Stocktwits Social $VIX was THIRTEEN (13). Thitrteen is the highest ratio I can remember in my 12 years looking at the data. Stocktwits users are giddy for good reason. Their IPO’s, SPAC’s, Chinese Electric Vehicle stocks, Semiconductor stocks, weed stocks and Crypto tokens rise every day. They don’t have time for FAANG anymore!
March was misery and November is giddy.
I am neither amused, or excited or worried… I am just in awe.
Ryan Detrick shared a chart of the small cap sector yesterday that showed it having its best month in history. Here it is:
Only February 2000 was as close to this good. What followed that spike was years of misery and poor returns.
I have no idea what lies on the other side of this incredible rally but I do know that anytime I say something the least bit optimistic on Twitter I get tweets yelling back ‘THE TOP’ at me.
Market bottoms, at least for me have, are much easier to spot than tops.
Like I said yesterday, this positive momentum is something I will keep riding, not trade against.
Most interesting is this chart of the $VIX that shows if the $VIX can close below 21, it will end one of the longest streaks above 21. What has followed from previous high streaks is a long bull market…
Fed Chair Janet Yellen Appears Before the House Financial Services Committee, November 4, 2015
Late yesterday afternoon, while the stock market was still open, three reporters at the Wall Street Journal penned an article with this opening statement: “President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary, according to people familiar with the decision.”
Within the next half hour, every major newswire and many of the largest newspapers in the U.S. were repeating the Journal’s story.
The Journal noted that the Biden camp wasn’t expected to make a “formal announcement” of the Yellen nomination until November 30. Nonetheless, the Journal decided it had the self-anointed right to stand in for the Biden transition team and make the announcement a week ahead of time.
To induce a nice big stock market rally on the news (the Dow closed up 327.7 points) the Journal article carried this pivotal paragraph:
“Ms. Yellen is an ‘excellent choice for Treasury secretary,’ said Gary Cohn, President Trump’s former top economic adviser, in a statement. ‘Having had the opportunity to work with then-Chair Yellen, I have no doubt she will be the steady hand we need to promote an economy that works for everyone, especially during these difficult times.’ ”
In the long dark tunnel that has been 2020, November stands out as the month that light appeared. Some might see it as a bright light, others as a faint light – but it is unmistakably a light.
On November 9, Pfizer announced the interim results of its candidate vaccine, showing it to be “more than 90% effective” in preventing symptomatic COVID-19 in late-stage human trials. The news was greeted with joy.
A couple of days later, the Russian Direct Investment Fund announced that the candidate vaccine they are funding – dubbed Sputnik V – showed 92% efficacy in late-stage trials. Not to be outdone, Moderna then announced that its candidate vaccine showed 94.5% efficacy.
The latest COVID-19 vaccine announcement comes from Oxford University. And, as with all of the above announcements, it came via press release. Its vaccine candidate, developed in partnership with AstraZeneca, showed an overall effectiveness of 70.4%.
In case that sounds disappointing, bear in mind that these are interim results and the figures might change. Also, the Oxford vaccine was given to one group of volunteers as two standard doses, which showed 62% effectiveness, and another group of volunteers as a smaller dose followed by a standard second dose. This raised effectiveness to 90%.
It’s not immediately clear why this is the case. Professor Andrew Pollard, one of the lead researchers on the project, described the results as “intriguing”. He also highlighted that the use of lower doses means that there would be more vaccine doses available.
There were no cases of severe COVID-19 in those who received the vaccine. And it seems to generate a protective immune response in older people. Although we’ll have to wait for the final breakdown of results to get clarification on that.
Not the only measure
Despite the Oxford vaccine having lower overall effectiveness than the Pfizer or Moderna vaccines – at least at this interim stage – there are other success factors to consider. Safety is one, and the Oxford vaccine is so far reported to have a good safety record…
“Equity Futures traders have cut exposure aggressively – even as $SPX broke to new highs. The 3-week positioning change is one of the most negative in history – only seen at bottoms, and once when the market was at a high (2017).”
If you’re looking for evidence that strong breadth is bullish and not bearish, you guessed it; there’s a chart for that too. Here’s Jonathan Krinsky in his note from over the weekend.
“We have seen a handful of similar ‘booster shots’ over the last 25 years and while the near-term returns have been mixed, the important aspect is that none of them marked a meaningful market top.”
If you’re looking for something to confirm your view, you’re going to find it. Whether it’s a data point that supports your ideas or a contra data point that negates it, thereby making you even more confident, then you’re going to find that too.
We’re all guilty of seeing the world as we want it to be. It’s hard to hack our software, no matter how many Charlie Munger quotes you throw out there. “Invert, always invert” seems like a logical one here. The best we can do is make sure that we never rely on a single data point to tell an entire story.
Not all young people share the same daily habits or the same views of the world.
Millennials are cutting the cord. Gen Z doesn’t know what the cord is. 45% of Millennials still watch broadcast tv, compared with 26% of 16-17 year olds.
Millennials play fantasy sports. Gen Z watches eSports. Only 18% of 18-24 year olds watch traditional sports, compared with 30% of Millennials.
Millennials knew what the world was like when you had to go to the library to have a question answered. Or more likely, they knew what it was like when you asked a question and then just said, “ah, who cares?” Gen Z never knew the struggle. Millennials merely adopted the internet. Gen Z was born in it, molded by it.
According to a new report from BofA Global Research called OK Zoomer, “Gen Z will spend nearly 6 years of their life on social media. That’s more time spent than eating, studying & socializing combined.”
We’re all probably tired of hearing about Millennials. It’s time to shift our attention to the next generation, Gen Z. These are the 2.5 billion people born between 1996 and 2016.
Gen Z is the single largest age cohort, representing 32% of the global population,
Nine in 10 of these young people live in emerging markets…
…half a billion of them are in India, more than the combined population of Gen Zers in China and the United States.
While Gen Z is the largest age cohort, it’s not enough to offset the aging population in the rest of the world. According to Euromonitor, in the early 2030s, people over 60 will outnumber the population under 10. This will be the first time that’s ever happened.
Once we drill down a little, we see that demographics are not evenly distributed worldwide. Europe, an aging continent, is the only one with more people over 65 than under 15. Africa, on the other hand, has a ton of young people. 41% of the continent is under 15.
Demographics have big implications for everyone. It shapes societies. It transforms political systems. It makes economies run.
Check out the whole report if you want to learn more about where we’re going.
By Michelle Jones. Originally published at ValueWalk.
Well-known analyst Ming-Chi Kuo said in a report that demand for the iPhone 12 is strong, although that may not have much of an impact on Apple stock. Analyst reports are mixed on what the iPhone 12, the first model with 5G, will mean for Apple stock.
This, in a nutshell, is how Wall Street works: just two months after JPMorgan was fined a record $1 billion criminal monetary penalty (to make sure not a single banker would end up going to prison) for rigging the gold and silver markets, Reuters reported that JPM - having clearly "learned" the tools of the gold rigging trade, has earned a record $1 billion in revenue so far in 2020 from trading, storing and financing precious metals, vastly outperforming rival banks.
The math simplified: JPM has spent $1 billion over the l...
By Jacob Wolinsky. Originally published at ValueWalk.
Managing Shipping Budgets in 2021: The Old Normal, the New Normal, or the Unknown?
As they plan their shipping budgets for the coming year, distributors and retailers are struggling to assess the pandemic-driven changes of 2020. SkyPostal’s A.J. Hernandez suggests a two-sided approach: be as careful as you can, while also being prepared for anything.
Building A Shipping Budget
(Miami, FL) November 23, 2020—While shipping managers would like to see some relief from the shocks and surprises of 2020, there are, says A.J. Hernandez, President and CEO of SkyPostal, Inc., a lot of reasons they’re probably not going to get it. According to a recent survey of industry exp...
The Trump Legal team filed more documents today in the appellate court. I tweeted a bit about how silly they were (let me know if you all want me to march through them). Then this happened:
Trump giving the go-ahead for the transition to get underway was (I believe) the closest he will get to conceding the election. Two amusing things happened. First, Trump tweeted this about 10 minutes after Emily Murphy submitted a letter saying she would move forward, and that she has made her decisions solely on her own and not at anyone’s direction. Looks like Trump wanted people to think that she was, in fact, acting at his direction.
In the long dark tunnel that has been 2020, November stands out as the month that light appeared. Some might see it as a bright light, others as a faint light – but it is unmistakably a light.
On November 9, Pfizer announced the interim results of its candidate vaccine, showing it to be “more than 90% effective” in preventing symptomatic COVID-19 in late-stage human trials. The news was greeted with joy.
Are Transportation stocks about to send a quality bullish message to other Dow indices this month? Sure could be!
This 3-pack looks at the Dow Jones Industrials, Transports, and Utilities indices on a monthly basis.
One week from the end of a month, the DJ Transports are attempting an important bullish breakout at (1). Unless a sharp reversal takes place in the next week, Transports could close out the month at new monthly closing highs!
The Dow is attempting to close at all-time highs this month, while the Dow Utilities Index remains a few percent below 2020 highs....
Since the US election, Bitcoin prices (in USD) have surged a stunning 40%, also lurching higher after each vaccine headline hit.
Source: Bloomberg
Getting ever closer to its all-time record high...
Source: Bloomberg
As crypto prices soared overnight, Bridgewater Associates founder Ray Dalio stepped back into the fray, saying in a Twitter thread that “I might be missing something about Bitco...
By Jacob Wolinsky. Originally published at ValueWalk.
There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.
The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.
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...
This is a repeated theme I come back to time and again. Who are you listening to? Not who as in what is their intelligence level or what is their pedigree – who as in what are the incentives that drive their commentary? Are they investors answering to clients or just guys doing newsletters, with no skin in the game and no accountability for their extreme opinions?
We have come a long way since the panic in March. At one point on March 12th, the $VIX hit 90 and the Stocktwits Social $VIX was 2.5 (2.5 bullish messages to bearish messages). 
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In the long dark tunnel that has been 2020, November stands out as the month that light appeared. Some might see it as a bright light, others as a faint light – but it is unmistakably a light.
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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...
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