Posts Tagged ‘ABK’

High Frequency Friday – The WSJ Finally Catches On!

Has the World gone sane?

I was amazed this morning to see both the usual contrarian indicator of a bullish cover on Newsweek (mission accomplished market pumpers) and a good piece of reporting in the Journal on a topic ZeroHedge and I have been pounding the table on for a year.  Our readers will find nothing new in the article "This Market Has Its Freq On" but to see it finally summarized in the MSM (giving us no credit at all, of course) is at least a little bit satisfying

The Journal highlights the following facts (and they are now MSM FACTS, not "conspiracy theories" Tyler and I were making up): 

  • The recent gains have come with only marginal support from traditional long investors. Wall Street trading desks and the relatively new breed of high-frequency traders have been fueling the rest.
  • Investors pumped only $396 million into domestic stock funds in March. Since the start of the year, they’ve only added only $1.8 billion, according to the Investment Company Institute.  Compare those inflows with some other recent rallies. Between April and July 2009, investors poured $28.76 billion into U.S. stock funds and in the first three months of 2007 they moved $19.1 billion into such funds.
  • Insiders are dumping stock at an alarming pace, $15 billion so far this year, more than six times the $2.5 billion they’ve bought, according to Trim Tabs. Moreover, they’ve been dumping their stock more in recent weeks. Insiders sold $6.9 billion in March and bought just $831 million.
  • Six stocks represented 27.51% of the overall stock market volume: American International Group Inc., Ambac Financial Group Inc., Bank of America Corp., Popular Inc., Fannie Mae and Citigroup Inc. Since the start of the year they’ve represented 16.55% of the composite volume on the New York Stock Exchange, and more than 22% on each of this week’s first three trading days, reaching as high as 30.62% Tuesday..
  • The rise in these stocks has mirrored, or perhaps driven, the recent broader gains. Through Wednesday, Bank of America was up 28.8%, Citigroup was up 48.9%, Ambac shares have doubled, Popular shares are up 74.3% since the start of the year.  AIG shares are up 32.5% for the year through Wednesday.
  • Program trading represented 27.9% of NYSE volume for the week


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Wednesday Rally – 80% Gain For S&P!

S&P 1,200?

It could happen this morning.  We have good earnings from INTC and a beat by JPM so there's no reason not to take out our last major technical as we party just like it's 1999 with MASSIVE gains behind us and the MSM projecting MASSIVE gains for the rest of this year too.  As I said yesterday, we're not going to complain (much) – we're just going to go with the flow.  Yesterday I put up a DIA play that returns 566% in 37 days if the Dow simply holds 11,000.  Today we'll look at a similar play on S&P 1,200

After all, like the crazy guy on TV says, if the government is giving free money away – shouldn't we be getting ours too.  Only I'm not telling you you need to buy a book or do anything special – just join my Membership site AFTER you make your 566% – that's a pretty good deal!  Of course, keep in mind these are the bull plays and we are generally hedging for a possible correction so obey the sign on the left and play wisely!  Consider that you can make 5% a month by risking just 1% of your virtual portfolio on successful plays like this one – that's 60% a year if all 12 months are positive, and the last 12 months have been so why not 12 more?

As I mentioned above, the S&P is up 80% from the March lows and is still 31% off the Oct, 2007 high of 1,576.  As we switch off our brains and run with the bulls, we're not going to worry about the low volume and those silly fundamentals – we're just going to use 1,200 as a key support that lets us know when to get in and out of our bullish plays along with Dow 11,000, Nasdaq 2,500 (still waiting), NYSE 7,600 and Russell 700.  This makes being bullish nice and brainless and a couple of high-percentage disaster hedges let us sleep at night without being worried about a Black Friday even wiping out our gains.  The other key percentages are:

  • Dow 11,019, up 71% from 6,440 low.  80% is 11,592, still 30% off the Oct '07 high of 14,279
  • S&P 1,197, up 80% from 666 low.  80% is 1,200, still


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Zero Hedge

"Goodbye, Mr. Bond" - Sir Sean Connery Dies At 90

Courtesy of ZeroHedge View original post here.

Sir Sean Connery, the celebrated Scottish actor who will forever be associated with James Bond, the MI6 agent also known as "007" whom he portrayed in 7 films, has died. He was 90

With roguish charm and sophistication, Connery inaugurated the long-running James Bond franchise with 1962’s Dr. No and remained the prototypical "Bond" for decades, even - for many - until this very day.

Thomas Sean Connery was born in the Fountainbridge area of Edinburgh on Aug. ...



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Phil's Favorites

A history lesson for 2020's new traders

 

A history lesson for 2020’s new traders

Courtesy of 

On this episode Josh explains why we’re facing three worst case scenarios all at once, how markets are reacting and why the vaccine is the only thing that matters.

Plus, many of today’s new traders seem to not understand what has happened to prior generations of new traders. A brief history of daytrading – from the Turtle Traders to the SOES Bandits – seems to be in order.

...

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ValueWalk

Why Investors Should Ignore Next Week's Election

By Mauldin Economics. Originally published at ValueWalk.

The biggest presidential election of our lifetimes is just around the corner. And if you watch cable news, you may feel like the fate of everything hangs in the balance, from our environment to our economy to our health.

Q3 2020 hedge fund letters, conferences and more

But as I’ll show you today, the presidential election has almost zero impact on my stock picking process. That may surprise you. You may even think I’m foolish for ignoring the election. But here’s the thing: politics and investing don’t...



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Kimble Charting Solutions

Are the S&P 500 Index and Crude Oil Peaking Together Again?

Courtesy of Chris Kimble

The price of crude oil has been an important indicator of the economy for quite some time. When oil is in demand and performing well, the economy likely is. And when oil is not performing well, the economy likely isn’t either.

Taking this one step further, it’s easy to see how crude oil can be a solid indicator of the stock market as well.

Often times, investors receive a bearish or bullish message from this relationship. In today’s chart 2-pack, we illustrate how the relationship between the S&P 500 Index and the ...



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Biotech/COVID-19

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

 

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

Under relaxed public health restrictions, deaths will spike far before herd immunity is achieved. AP Photo/Mark Lennihan

Courtesy of Steven Albert, University of Pittsburgh

White House advisers have made the case recently for a “natural” approach to herd immunity as a way to reduce the need for ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Monday, 18 May 2020, 03:35:21 AM

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Comment: Ooh so pretty, so pretty, ooh so!



Date Found: Thursday, 21 May 2020, 01:03:17 AM

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Comment: Charlie Lee: All Things Litecoin (#MimbleWimble, ...



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Politics

How to track your mail-in ballot

 

How to track your mail-in ballot

Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

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.

...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

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...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

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...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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About Phil:

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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