Posts Tagged ‘day trading’

Can You Hear Me Now? 17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate

Can You Hear Me Now? 17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate

Courtesy of Tyler Durden at Zero Hedge 

This is just getting silly: perhaps the next update on ICI mutual fund flows should occur if there is an inflow for once…ever again. In the meantime, ICI reports we have just recorded the 17th consecutive weekly outflow from domestic equity mutual funds, and what’s worse for mutual funds’ depleted liquidity ratios, it is now accelerating, hitting a total of $4.3 billion, a more than 50% increase from last week’s $2.7 billion. YTD outflows have now hit $54 billion, as ever more capital is going into far safer fixed income instruments. As a reminder, here is what Rosenberg said on the issue yesterday: "As for liquidity ratios, equity funds portfolio manages have theirs at an all-time low of 3.4%, down from 3.8% in June. Tack on the fact that there are really not very many shorts to be covered – since the market peaked in April, short interest is 4.3% of the S&P 500 market cap (in August 2008 it was 6%) and there’s not a whole lot of underlying fund-flow support for the stock market here." As for this being a contrarian signal, hopefully all those who see this as a buying opportunity can also find a way to make the now retiring baby boomers about 10 years younger and force them away from fixed income capital reallocation. Oh, and fix the broken market and restore investor confidence that the casino is only modestly rigged.

In the meantime, no matter what the market does (and somehow it has been flat during the entire period of record redemptions: good to know someone is putting capital into stocks), on a short-term basis, nobody wants to touch it with a ten foot pole. Retail is no longer fascinated by speculating and day trading: after all why should they – they get better odds in Vegas… where the decor puts the aging CNBC female anchor crew to shame.


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Flatline Friday? Economy and Markets on Hold

Our charts predicted a flatline and a flatline is what we’re getting!

I do so love it when a plan comes together (see David Fry’s chart).  In yesterday morning’s post I predicted that bad data would send us down at 10 am and I rushed out our first Alert to Members at 9:37 with a call to go naked on our DIA Mattress play, which effectively flips our virtual portfolio bearish and we even added the QQQQ July $46 puts at .85, which we exited just one hour and four minutes later at $1.05 (up 28%) as we 1/2 covered our Mattress Plays back to neutral.  

We do a lot of day trading on options expiration week – taking advantage of the lower premiums.  As I said I would in the morning post, we shorted gold at $1,250 and we even shorted AAPL for a nice, quick gain before stopping out.  At 10:37 I had already said to Members: "I’m done with short plays here.  Not going long but that’s a lot of money already and I’m not greedy.  We’ll see if we hold this 1% dip first," meaning we got the 1% pullback we expected on our 5% rule and we know not to be greedy with our day trades!  At 10:57 we flipped to TNA June $47 calls at $1.20 and we rode those up to $1.60 (up 33%) at 11:54 but it was our TBT short put play that made me the most happy as brand-new Member Flipsiceland told me at 12:12:

Thanks Phil, just paid for my 3 month ‘prescription’ for the members service, in one and half hours.

That’s what I really love about my job, as it says on our logo:  High Finance for Real People – Fun and Profits!  We love making profits and we also like to have fun while we’re doing it…  The fun didn’t stop there as we had a nice winner on OIH puts, Copper Futures long and we hit the turn on the nose as I warned Members at 2:25 that: "Volume is very light with just 80M shares on the Dow at 2pm so VERY stickable but I would have to short into a stick save at this point as we shouldn’t be going up other than some desperate window dressing that can be quickly unwound" and at 3:19 we hit the turn almost on the nose as I said to our Members: "Volume at 3:15
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Keys to Daytrading Success and Why So Few Traders Get There

Trader psychology expert Brett Steenbarger recommending NY Times’ article, "Day Traders 2.0: Wired, Angry and Loving It." – Ilene 

Keys to Daytrading Success and Why So Few Traders Get There

Businessman trying to catch money in a net

By Brett Steenbarger at TraderFeed

Thanks to several alert readers for sending me this insightful New York Times article on daytrading and the challenge of daytraders.

A while back, I posted on the topic of research concerning individual daytraders and how many of them are truly successful. That is worth reading or re-reading: it clearly indicates that most active trading is hazardous to traders’ wealth, but that a small group of participants are able to sustain success.

This is not like most career fields, where an average teacher, middle manager, or sales person can sustain a living. An average performance in trading is one in which the trader does not make money at all. The Times article cites research suggesting support for the often-cited statistic that 80% of daytraders lose money. 

More here.>>


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Zero Hedge

Facebook Moves 1.5 Billion Users' Data Out Of Europe To Circumvent New Privacy Law

Courtesy of ZeroHedge. View original post here.

This doesn't bode well for Facebook CEO Mark Zuckerberg and what remains of his tattered credibility.

After Zuck suggested (but stopping short of promising) during testimony before Congress last week that he would treat all Facebook users' data as if it fell under the European Union...



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Phil's Favorites

Trump's exports-good, imports-bad trade policy, debunked by an economist

 

Trump's exports-good, imports-bad trade policy, debunked by an economist

The White House frets about how the U.S. imports more stuff than it exports. AP Photo/Ben Margot

Courtesy of Ian Sheldon, The Ohio State University

President Donald Trump’s trade policy leaves international economists like me scratching our heads.

His apparent desire to start a ...



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Digital Currencies

Cryptos Continue To Surge As Tax-Day Passes

Courtesy of ZeroHedge. View original post here.

Crytpocurrencies are continuing their post-tax-day gains with Bitcoin above $8500, Ethereum at almost $600, and Ripple up over 30% on the week.

With Bitcoin back above $8,500...

And Ethererum is back above $550 - testing towards $600...

Certainly for now, the anecdotal performa...



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Insider Scoop

Cowen Says The Big Sell-Off In Skechers Is A Buying Opportunity

Courtesy of Benzinga.

Related SKX 25 Stocks Moving In Friday's Mid-Day Session Mid-Day Market Update: Skechers USA Falls After Weak Q2 Guidance; Ericsson Shares Climb...

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Chart School

Short Opportunity II

Courtesy of Declan.

The first chance for a short play got burned but there is a second one on offer for the S&P.

The S&P tagged channel resistance and while today's reversal off resistance didn't amount to a big percentage loss it did register as a distribution day. There wasn't any significant technical change so if this short does evolve it will do so with risk measured on a move above 2,717.


The Nasdaq may match a 'bearish evening star' but if this is the case there has to be a significant move lower tomor...

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ValueWalk

Buffett At His Best

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...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

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 ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"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 ...



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Biotech

How your brain is wired to just say 'yes' to opioids

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

How your brain is wired to just say ‘yes’ to opioids

A Philadelphia man, who struggles with opioid addiction, in 2017. AP Photo/Matt Rourke

Courtesy of Paul R. Sanberg, University of South Florida and Samantha Portis, University of South Florida

...

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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

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.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




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...

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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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