USO, QQQ- Phil, thanks for these plays. Out of USO for about 65% gain today and just keeping 1/4 QQQ.
Ksone88
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
Just closed out my V put for 50% in 24 hours thanks Phil!
Humvee
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
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 like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.
jjennings
Phil, did you by chance publish the weekly webinar on Youtube yet? I have been watching these and they are awesome. Unfortunately, I can't cut out of work to attend live webinars. Again, they are just awesome content – thank you.
jcpdx
It is amazing how much confidence you engender, Phil………..I knew the 1% a day trades and repeated often were possible as I had done in stretches, and I knew kill zone trades were also possible and 5% to 10% returns per month were very possible with practice, experience and smart risk management all without having to take a lot of risk, but I guess I was talking to the disbelievers and since I have dropped them into my 'why bother to try to explain it' file and come over to the dark side at PSW I feel soooo much more content not only with the returns, but with the company and a comments and the obvious opportunity to learn and learn and learn some more.
It all helps the mental and emotional discipline of the trading too. So thanks again.
Roro
Hey Phil,
You called all the trends and market movements with perfection this week. I enjoyed it! Thanks for keeping us sane!
GClay
I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?
Bill Hoffman
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
Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.
Singapore Steve
Phil - Your logic not only makes sense, but it made a lot of premium profit for me over the past 12 months. I have recovered much of the massive equity losses of last year. My Monday play is the sale of long term puts on FXI. Love the premium!
Gel1
On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.
Iflantheman
Phil - Another excellent teaching article - when you write like that it blows me away. Thank you!
I had the ideas from earlier articles but what I didn't have was enough understanding. The familiarity of ideas through repetition, re-working, revision - over time - the variation, the pulling out of implications - it all contributes to understanding and mostly thats on the student - but a good teacher (worth their weight in gold) makes understanding a pleasure.
I wanted to learn about trading options because it makes my brain feel better - fitter, healthier. Actually mostly it makes me happy to think about the trade and trading options.
You are a good teacher and I know that or I wouldn't value the subscription the way I do. It pays for itself through the pleasure of understanding alone.
Redfern1
Phil…..You have absolutely NAILED IT! This is not a bull market, nor is it a bear market. It is a Rangeish market, and it's going to stay that way for a long time (the latter is my prediction. I love the word. What I love more is the fact that I've found someone with some investing intelligence greater than mine who can assist me in playing this type of market. Your description today of how it's playing out is right on. I predict some media ‘guru' will steal your word and your description within the next few days and we'll all get to read about what ‘they' discovered about this market. Thanks Phil!
Iflantheman
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
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
I have definitely learned to take smaller wins early and be happy with that. Lately, I've aimed for $250 profit per day. Doing that daily/weekly x 48 weeks (assuming I take some time off) works out to 60k per year. That's a lot of money!! $250 moves happen all the time if you just wait for them.
JeffDoc
Thanks, Phil. I really appreciate your sentiment and commitment! Just want to thank you for what you do for all of us.
JBaker
Speaking of the "Man Who Planted Trees", it really works. I bought BTU back in March at $49.87. I practically bought it at the tippy top. However, I soon afterward found this site, started learning Phil's methodology(and those in the strategy section) and began selling calls/puts regularly against my bad position. As of yesterday, I still own the original 100 shares, but have brought my basis down by over $11.00. Couldn't be happier, what started out as a really bad entry, I have managed to work down to a good basis. Had I not watched that video and learned your system, I would sold out of the position, and been kicking myself for making such a bad entry.
Hoss
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
Thanks Phil, for banging the table on getting short and getting to cash. Usually when this happens in the market I am freaking out but I actually made money this week thanks to you. That HOV trade was a great way to re-deploy some of my cash.
Julian
I'd like to wish Phil and everyone else that contributes to this board a very Merry Christmas and happy New Year. The wealth of knowledge on here is incredible, and it has greatly contributed to my understanding of markets, politics, and the world in general. This year was when Phil's teachings all seemed to click in place, and my portfolio's performance shot up, and for that I am very grateful. Thank you!
Palotay
Peace of mind / I have a portfolio mainly consisting of long term long calls, short term short calls and puts, and long term BCS. Three years, ago when I started my journey on this board I would be freaking out panicking as to what to do, as many of the short calls are ITM, Three years later (today) I look at the screen and serenely process the information. Three years ago, I inevitably made the wrong decisions which cost me a lot of money. Three years on I calmly roll the positions to whatever makes sense. No drama, no hair pulling, and a great cost saver. I guess they call that the power of education.
Winston
Phil – BTW, the new STP/LTP coupled with the income portfolio is Perfect! I do not trade all of them, very few actually since I work during market hours. However, following the trades real-time is very educational.
I did enter the ABX call if you recall, I rolled to July on that nonsense news that sent it tumbling. Out today for 110% gain (2.00 stop) not counting covering the loss from the earlier roll. Nonetheless, a good trade.
Keep it up…. Thanks
JFawcett
The wonderful resource that Phil has created for us and nourished by its members is so powerful in what it can teach us going forward, but also what we can learn from the past. I never say it often enough, but Phil – thanks for all the work you do for us.
Winston
I remember that call (to sell gold at $1,850) as well... and the many Buy-Writes that were created on your site during that period... thanks to you, I had an average ROI of close to 70% for over 2 years, averaging 4,000 trades per year. Busy trading, but lots of fun and memorable trades.
1234gel
I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future.
Pstas
Phil is a master at keeping you laughing, as well as making you money. - It is like " laughing all the way to the bank!"
"If Mueller exposes financial fragility on Trump’s part, it may tip the first domino that then causes the entire Trump empire to collapse." (Photos by Andrew Harrer/Bloomberg via Getty Images; Brendan Smialowski/AFP/Getty Images)
There are three general theories to explain Trump’s behavior toward Russia (and other hard-right broadly autocratic regimes), and for unknown reasons the two most likely ones are almost entirely absent from our electronic media. The three theories, in ascending order of likelihood, are:
The Manchurian Candidate: He’s being blackmailed or has been a Russian asset for years.
The Wannabe Dictator: He believes that countries should be run like companies—essentially autocracies.
The Deadbeat: He’s not only not rich, but he’s badly in debt, and Russian billionaires are among his main creditors.
The Manchurian Candidate theory was largely the one Democrats implied during the election, and most have implicitly embraced since then, along with many commentators on MSNBC and CNN. It’s the least likely, although if it’s true Robert Mueller will probably be letting us all know soon. But there’s little in Trump’s past that would suggest this is the case other than his embrace of Russia over the Obama administration’s reactions to the annexation
You have heard the tune. Great minds, we are told, no longer just publish top-tier research and teach, because the traditional model of scholarship has become too narrow and insular. Great minds become proselytizers of big ideas.
They captivate the public as influential research bloggers and attract new stakeholders like donors and media journalists through attractive digital translations of their scholarship. They manage thriving Twitter presences, and design popular MOOCs (massive open online courses).
All of this happens because universities and professors experience the fundamental disruption brought about by the fourth industrial revolution: Digital transformation.
According to “Digital Transformation in Higher Education,” a 2017 study by global education provider Navitas, 78 per cent of all participating universities have begun to digitize some elements of their course delivery and are also creating new digital models.
Five years ago, I began asking myself what the digital transformation could mean for me as a professor at the Schulich School of Business at York University.
Over time, I “digitized” my research agenda, created a research blog with 250,000 monthly readers, designed an MBA course around my research on consumer sociology, and founded a thriving and well-funded research institute called the Big Design Lab.
In this article, I would like to reflect on what I’ve learned.
Digital professors as thought leaders
Most discussions about the digital transformation in higher education take a decidedly pro-market view. As the old models of intellectual contribution are being disrupted, their authors argue, professors must proactively use social media technology to become powerful thought leaders.
It is easy to see how this makes perfect sense. Digital professors can do much more for their universities because they manage bigger platforms and can attract more students, practitioners, donors and journalists to their institutions.
Fully fledged digital professors are not only good researchers and teachers. They are also fundraisers, student recruiters, career consultants and social media influencers —…
Bloody uprising in Nicaragua could trigger the next Central American refugee crisis
Militias guard a barricade after police and pro-government militias stormed a rebel-held neighborhood in Masaya, Nicaragua, on July 17, 2018. AP Photo/Cristibal Venegas
Typically, only a tiny fraction of migrants come to the U.S. from the neighboring Central American nation of Nicaragua. Their numbers are so small that Nicaraguans are rarely even mentioned in Customs and Border Protection reports.
But Nicaragua has been in turmoil for months, as an uprising against the authoritarian regime of Daniel Ortega and his Sandinista party grows ever bloodier. Last weekend, three college students were killed during a 15-hour clash at a church on the campus of the National University of Nicaragua, in Managua, which had been occupied by anti-government protesters since April.
This violence may prompt many Nicaraguans to start fleeing their country soon, too.
Central America’s ‘safest country’
Nicaragua, home to approximately 6.2 million people, is one of the poorest countries in the Western Hemisphere.
But it has largely avoided the widespread crime and instability that for decades has dogged this corner of the world. Nicaragua’s 2017 homicide rate of seven killings per 100,000 was the lowest in Central America.
Neighboring El Salvador’s murder rate was 60 per 100,000 in 2017, and Honduras’s was 43 per 100,000.
When Nicaraguans migrate, typically they are seeking better-paying jobs.
Rather than travel all the way to the United States, economic migrants from Nicaragua mostly head to neighboring Costa Rica, the stablest and most prosperous country in Central America. An estimated…
Even before his meeting with Vladimir Putin in Helsinki’s presidential palace, Donald Trump had predicted that talks would be much easier than those with NATO and Theresa May. This he did in remarkably sympathetic tones, taking to Twitter hours before to proclaim that America’s “relationship with Russia has NEVER been worse thanks to many years of US foolishness and stupidity”. “We agree,” Russia’s Foreign Ministry replied.
Those wanting a robust response to Russian foreign policy in Europe and the Middle East were worried. But the worst was yet to come: in an extraordinary 46-minute joint news conference after the two men met, Trump refused to support the intelligence community’s assessment that Russia had intervened in the 2016 US presidential election.
In his answers to reporters’ questions, Trump derided Special Council Robert Mueller’s investigation into Russian meddling in the 2016 election as a “disaster for our country” and a “witch hunt” claiming Washington was just as much to blame as Moscow for a determination in relations. Despite “great confidence” in America’s spies, Trump castigated the community-wide belief that Russia had interfered in the 2016 campaign.
“They said they think it’s Russia,” he said. “I have [asked] President Putin; he just said it’s not Russia.” Trump went on: “I don’t see any reason why it would be … I will tell you that President Putin was extremely strong and powerful in his denial today.”
Trump’s assessment came just days after the Grand Jury for the District of Columbia charged 12 Russian intelligence officers with conspiring to “gain unauthorised access … into the computers of US persons and entities involved in the 2016 US presidential election”, targeting “over 300 individuals” affiliated with the Hillary Clinton campaign and the Democratic National Committee. It also came the same day that the FBI charged Russian national Maria Butina, a pro-gun activist who infiltrated the National Rifle Association, with trying to influence Republican Party politics, having set up “back channels” to Russian officials. Prosecutors said that Butina was “developing relationships with US persons and infiltrating organisations … for the purpose of advancing the interests of the…
Trump had made it abundantly clear that European leaders can no longer rely on the US for its protection. He was not only harshly criticised by his own party for being too conciliatory with Russian President Vladimir Putin during their Helsinki summit, he also lashed out at US allies once more, going so far as to call the European Union a “foe”.
The US may have more than 60,000 troops stationed in Europe, but a recent report stating the Pentagon is assessing the impact of a possible reduction of troop numbers, coupled with Trump’s unpredictability, has made America’s traditional allies nervous.
Indeed, by initiating trade wars and continuously attacking his closest allies, Trump has weakened the entire West.
Another war in Europe remains possible
Despite his reassurances last week that the US still values NATO, Trump’s divisive visit to Europe may embolden Putin in his assessment that occupying more European land may not be met with much military resistance.
Poland is so concerned, it has recently offered to pay the US up to US$2bn to permanently deploy an armoured division on its soil.
The on-going conflict in Ukraine, coupled with Putin’s increased emphasis in recent years on Russia’s “right” and “obligation” to “protect” ethnic Russians and Russian speakers beyond its borders, contribute further to the unease between Moscow in the West. This is particularly being felt in the Baltic states, two of which (Estonia and Latvia) have sizeable Russian minorities.
Looking at a recent cover of the German news magazine Der Spiegel, one might be forgiven for thinking that all is lost for the Fatherland.
A dismal performance of the German national football team (Die Mannschaft) is seen as the consequence of a general malaise. “Haggard”, “exhausted”, “tired” are not only words used to describe the football coach Joachim Löw but also Germany’s long-serving chancellor, Angela Merkel.
In the Der Spiegel article, Merkel is depicted as a spent force. She is blamed for a serious upset to the years of plenty by her morally laudable but politically disastrous decision to allow 1.5m refugees into the country. She is seen as a mere shadow of the woman named Time Magazine’s person of the year in 2015. Does she even remember that glorious year 2014, when she celebrated with the World Cup-winning German team in Brazil?
There are plenty of reasons to buy into this narrative of decline. The right-wing populist Alternative für Deutschland has risen to prominence as a response to immigration, causing a political upset at the latest election that meant it took six months to form a government (Thomas Kleine-Brockhoff of the German Marshall Fund chose the words “paralysed nation”).
The ongoing scandal about car emissions has embroiled not only Volkswagen (Das Auto), but also the other big German car manufacturers. The German construction industry appears unable to deliver major infrastructure projects such as the new Berlin Airport or the Stuttgart 21 train station. And, most excruciating to watch, Horst Seehofer, Merkel’s pugnacious minister for the homeland, is holding her to ransom over his “masterplan” for transition centres that are supposed to stem the flow of asylum seekers.
But are the prophets of doom right? Or is it just part of the more general negative mood music we are hearing this summer, with observers dancing to the tune of Trump and Brexit, yet holding on to an impossible expectation that Germany, “the strongest remaining bastion of liberal democracy”, should somehow solve the world’s problems?
Edwin E. ‘Buzz’ Aldrin Jr. poses for a photograph beside the U.S. flag deployed on the moon during the Apollo 11 mission on July 20, 1969. Neil A. Armstrong/NASA/AP Photo
Most likely, this is the best-known picture of a flag ever taken: Buzz Aldrin standing next to the first U.S. flag planted on the Moon. For those who knew their world history, it also rang some alarm bells. Only less than a century ago, back on Earth, planting a national flag in another part of the world still amounted to claiming that territory for the fatherland. Did the Stars and Stripes on the moon signify the establishment of an American colony?
When people hear for the first time that I am a lawyer practicing and teaching something called “space law,” the question they ask most frequently, often with a big smile or a twinkle in the eye, is: “So tell me, who owns the moon?”
Of course, claiming new national territories had been very much a European habit, applied to non-European parts of the world. In particular the Portuguese, the Spanish, the Dutch, the French and the English created huge colonial empires. But while their attitude was very Europe-centric, the legal notion that planting a flag was an act of establishing sovereignty quickly stuck and became accepted worldwide as part and parcel of the law of nations.
Obviously, the astronauts had more important things on their mind than contemplating the legal meaning and consequences of that planted flag, but luckily the issue had been taken care of prior to the mission. Since the beginning of the space race the United States knew that for many people around the world the sight of a U.S. flag on the Moon would raise major political issues. Any suggestion that the moon might become, legally speaking, part of U.S. backwaters might fuel such concerns, and possibly give rise to international disputes harmful to both the U.S. space program and U.S. interests as a whole.
By 1969, decolonization may have destroyed any notion that non-European parts of the world, though populated, were not civilized and…
I am a researcher who has studied poverty for nearly 20 years in Cleveland, a city with one of the country’s highest rates of poverty. While the council’s conclusion makes for a dramatic headline, it simply does not align with the reality of poverty in the U.S. today.
What is poverty?
The U.S. federal poverty line is set annually by the federal government, based on algorithms developed in the 1960s and adjusted for inflation.
In 2018, the federal poverty line for a family of four in the contiguous U.S. is $25,100. It’s somewhat higher in Hawaii ($28,870) and Alaska ($31,380).
However, the technical weaknesses of the federal poverty line are well known to researchers and those who work with populations in poverty. This measure considers only earned income, ignoring the costs of living for different family types, receipt of public benefits, as well as the value of assets, such as a home or car, held by families.
Most references to poverty refer to either the poverty rate or the number of people in poverty. The poverty rate is essentially the percentage of all people or a subcategory who have income below the poverty line. This allows researchers to compare over time even as the U.S. population increases. For example, 12.7 percent of the U.S. population was in poverty in 2016. The rate has hovered around 12 to 15 percent since 1980.
Other discussions reference the raw number of people in poverty. In 2016, 40.6 million people lived in poverty, up from approximately 25 million in 1980. The number of people in poverty gives a sense of the scale of the concern and helps to inform the design of relevant policies.
Both of these indicators fluctuate with the economy. For example, the poverty population grew by…
Yesterday, I discussed the failure of tax cuts to “trickle down” as they have primarily been used for corporate share repurchases. As I was digging into the data, Doug Kass emailed me a quick note:
“Berkshire Hathaway, likely under the weight of an enormous cash horde and more scarce alternative investment opportunities, has announced that it is loosening the terms of its buyback policy. It is also a signpost that the company has matured and will only duplicate GDP-like growth.”
While the announcement set the shares of Berkshire (BRK/A) (BRK/B) surging higher yesterday, there is a more important message that investors should be heeding.
We recently delved into the performance of Berkshire as it has become the 10th-largest company in the world in terms of revenues:
“The graph below highlights this concern. It shows that 90-day rolling correlation of price changes in BRK/A and the S&P 500 are statistically similar. In the market crash of 2008/09 BRK/A’s price was cut in half, similar to the S&P 500. Based on correlations we suspect a similar relationship will hold true for the next big market drawdown.”
Both the sheer size of Berkshire, and the chart above, confirm Doug’s comment that Berkshire is likely to only generate rates of growth equivalent to GDP going forward.
So what’s the message that Mr. Buffett is sending? Simple: “Price is what you pay, value is what you get.”
Investing is about maximizing the return on invested dollars by buying something that is undervalued and selling it when it is overvalued. This is the point missed by those who promote “buy and hold” investing which is the same as “buy at any price.”
Corporations are, in many ways, held hostage by Wall Street and short term investors. An earnings miss can be disastrous to a companies stock price which can have severe consequences to stock option compensated executives and employees, shareholders and even bondholders. So, with pressure on companies to deploy excess cash, what are the options considering the “beat the estimate” game that must be played.
Hire Workers? Employees are a high cost and have a direct impact on profitability. Companies hire as needed to
Could we start hearing chants of “lock him up” against Fed Chair Jerome Powell at Trump rallies? Could Powell be ridiculed as “Little Interest Rate Man” on Trump’s Twitter feed? Trump may be attempting to plant those seeds of angst in Powell’s brain.
In addition to playing with Powell’s head, President Donald Trump accomplished two things in his interview on CNBC yesterday when he made it clear that he’s “not thrilled” with the Federal Reserve’s plans to continue raising interest rates. He threw more red meat to his base (many of whom want to abolish the Fed altogether) and he laid the groundwork for scapegoating the Fed if the economy goes south on his watch.
Trump had this to say about the Federal Reserve raising interest rates to CNBC anchor Joe Kernen (see full interview in video below):
“I’m not thrilled. Because we go up and every time you go up they want to raise rates again. I am not happy about it but at the same time I’m letting them do what they feel is best…Now I’m just saying the same thing that I would have said as a private citizen. So somebody would say you shouldn’t say that as a President. I couldn’t care less what they say.”
What motivated Trump to put the Federal Reserve in his cross hairs at this particular moment in time? We have two ideas on that. First, Trump takes exception to any hint that he is not a business and economic genius (he’s “like, really smart”) – notwithstanding his businesses’ six encounters at bankruptcy court. In the Fed’s Federal Open Market Committee (FOMC) minutes for its meeting of June 12-13, it appeared to be questioning the wisdom of Donald Trump’s nascent trade war. The minutes revealed this:
“…many [Federal Reserve] District contacts expressed concern about the possible adverse effects of tariffs and other proposed trade restrictions, both domestically and abroad, on future investment activity; contacts in some Districts indicated that plans for capital spending had been scaled back or postponed as a result of uncertainty over trade policy. Contacts in the steel and aluminum industries expected higher prices as a result of the tariffs
Last week, Donald Trump ventured into what until recently was uncharted, for US presidents, territory.
First, during a CNBC interview, the president went so far as to say that the strong dollar "puts us at a disadvantage" then went on to do what so many consider anathema, and said he is "not thrilled" about the Fed rising rates "because we go up and every time you go up they want to raise rates again."
There wasn't a whole lot going on today except Small Caps were able to attract some buyers despite finishing below resistance; bulls have been taking advantage of the 20-day MA test. Today's action coincided with 'buy' signals in the MACD and +DI/-DI.
The S&P held its breakout and today's losses - despite higher volume selling - didn't do a whole lot of damage.
Ken Griffin, the CEO and founder of the Citadel hedge fund, has reiterated his negative stance on Bitcoin (BTC) in an interview with CNBC this morning.
Speaking at the Delivering Alpha Conference in New York, ...
Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...
By csinvesting. Originally published at ValueWalk.
Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...
The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.
In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...
"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...
Reminder: OpTrader is available to chat with Members, comments are found below each post.
This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).
We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options.
Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.
To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here
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Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.
To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...
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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Even before his 
US President Donald Trump’s 
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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. She manages the site
