Posts Tagged ‘DHT’

Thrill-Ride Thursday

Is this fun or what?!

I love it when a plan comes together and we have been nailing these crazy market moves.  I have to admit Cramer had me worried on Tuesday night as we were short into the evening as the master said: "Let this be a lesson to all investors: Watch for these kinds of bull-market pullbacks, because they often precede a continued move higher…  All they needed was a catalyst, any old excuse, and that’s where consumer confidence comes in."  Fortunately, Jim's jubilation was short-lived (and this is a great flip-flop on last night's show) and we were able to press our shorts in the morning off my premise that the Consumer Confidence was BS that would be quickly reversed and we made enough in yesterday's decline to finish the day with some bullish speculation.  I don't mean to pick on Cramer but, as David Fry wisely points out in his chart, it would be nice if he just admitted he has no clue and people should just be cautious. 

While we are still mainly in cash and just having fun betting against Cramer's sheeple, we went a little bullish on the Dow for the overnights (covering our long DIA puts) on the assumption that Obama would probably not have touted economic progress yesterday if they weren't expecting some good data backing it up.  As I said to members before we even got the speech at 2:18: "It’s not the kind of thing you’d want to say if you knew there was some bad data coming up so I have to assume that we’re going to get an upward revision to Q1 GDP on Friday or, in the very least, jobless claims should be below 600K tomorrow so I don’t want to be short overnight."

One thing we did short is oil and we loaded up on the USO puts as they climbed higher ahead of an OPEC meeting that we expected would yield nothing but sound bites.  That went about as expected and we had great fun in member chat this morning already shorting the oil futures as they raced up to a failed test of $64.  I am really happy with our short oil position as it turns out we can add OPEC to the list of nations that are counting on other nations to pull them out of a…
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Which Way Wednesday – Fed Edition

Fed days are always great fun.

Although it's just the minutes and not a policy decision, often the minutes of the Fed meeting move the market more than the decision itself.  Sure a cynic may say that the reason for this is that the minutes are less meaningful and they are just an excuse for manipulators to create whatever market reaction suits their needs but we are no cynics here are we?  On the last Fed Minutes Day (April 8th) the market opened up 1%, then fell 1% on a poor oil report at 10:30, then rose 1.5% by 1pm, then dropped 1.5% through the minutes until 3pm when it amazingly recovered and we finished the day up about .75%.  Isn't that exciting?!?

It sure was exciting for us as we had grabbed the DIA $78 puts at 1:10 as the market rallied for no particular reason and we caught the dead top of a 150-point drop for a huge win.  We'll be looking for opportunities like that today but we're not going to force it – that opportunity came because the markets were up irrationally so it was easy to play.  My quick notes (at 2:03) from the last Fed release were:  "Credit not easing.  Concern over assets they are buying under TALF.   Serious downward GDP forecast to -1.3% for 2009 AND 2010 Continuing deflation risk.  Economic activity fell sharply and should continue to contract.  Uptick in housing starts was a glitch, not a trend. Energy and Ags now being affected by slowdown where they were not before."  As I concluded at the time "Not exactly rally fuel."

Nonetheless, the next day we jumped 250 points to 8,083 as "green shoots" were seen in the Fed's language.  That was April 9th and we spent the rest of the month struggling below the 8,100 mark but punched over at the end and here we are, up 10% from the last minutes and looking for even greener shoots to break us over our 40% lines.   What gave us a boost on April 29th was the FOMC non-decision where the Fed said: "Information received since the Federal Open Market Committee met in March indicates that the economy has continued to contract, though the pace of contraction appears to be…
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Phil's Favorites

The Fed's Repo Bailout and JPMorgan's 38 Trading Floors

Courtesy of Pam Martens

Trading Floor at JPMorgan Chase in Manhattan (Source: 60 Minutes, November 10, 2019)

By Pam Martens and Russ Martens: November 11, 2019 ~

Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019)

Since September 17 of this year, the central bank of the United States, ...



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Zero Hedge

China's Credit Creation Unexpectedly Collapses At The Worst Possible Time

Courtesy of ZeroHedge View original post here.

Over the weekend, we observed that China's slumping wholesale inflation, or PPI, which is so critical for corporate profits and sparking benign, demand-driven inflation in the economy, and which in October tumbled to a three year low assuring that Chinese dumping and exports of deflation will only further depress global reflation efforts...

...



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Insider Scoop

6 Stocks To Watch For November 11, 2019

Courtesy of Benzinga

Some of the stocks that may grab investor focus today are:

  • Wall Street expects Qurate Retail, Inc. (NASDAQ: QRTEA) to report quarterly earnings at $0.30 per share on revenue of $3.13 billion before the opening bell. Qurate Retail shares fell 0.2% to $9.38 in after-hours trading.
  • Pingtan Marine Enterprise Ltd (NASDAQ: PME) ...


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The Technical Traders

Welcome to the Zombie-land Of Investing - Part I

Courtesy of Technical Traders

This current market environment is very reminiscent of the 2006-08 market environment where price rotated into weakness on technicals and continued to establish new all-time price highs in the process – creating what we are calling a “zombie-land melt-up”.  This very dangerous price action is indicative of money chasing a falling trend.  Where technicals and fundamentals are suggesting that price is actually weakening quite substantial, yet the process of price exploration is continually biased towards the upside as investors continue to pile onto the back of the beast expecting a further melt-up.

Let’s take a look at what happened to the ES and Gold in 2006 an...



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Kimble Charting Solutions

Gold Indicator Sending Fresh Bearish Message, Says Joe Friday!

Courtesy of Chris Kimble

Could the Gold/US Dollar ratio be sending a fresh concerning message to Gold bulls this week? Joe Friday says Yes!

This chart looks at the Gold/Dollar ratio over the past 8-years.

The intersection of two long-term channel met at (1) a few months ago. The ratio was testing the bottom of one as resistance and the top of another as resistance at the same time.

As the ratio was testing both channels as resistance, a sizeable bearish reversal pattern took place at (1).

Since the reversal pattern took place, the ratio has been heading lower.

Joe Friday Just The Facts Ma’am; The ratio is breaking below...



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Digital Currencies

3 Reasons Why One Trader Didn't "Manipulate" Bitcoin Price To $20K

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims. In a series of tweets on Nov. 4, Jeremy Allaire disputed ...



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Chart School

Gold Gann and Cycle Review

Courtesy of Read the Ticker

Gold has performed well, golden skies are here again. In fact it has been a straight line move, and this is typically unusual and a pause can be expected.

It seems the markets are happy again, new highs in the SP500, US 10 year interest rates look to re bound, negative interest may soften. The US FED has reversed their QT and now doing $250BN (not QE) repo. The main point is the FED has stopped QT, and will do QE forever. The evidence now is the FED put is under market risk and the possibility of excessive losses do not exist. 

Point: If in future if there is market risk, the FED will print it's way out of it.
Subject To: In this blog view. The above is so until the amount required rocks confidence in the US dollar as a reserve currency.&n...



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Lee's Free Thinking

Today's Fed POMO TOMO FOMC Alphabet Soup Unspin

Courtesy of Lee Adler

But make no mistake, if the Fed wants money rates to stay down by another quarter, it will need to imagineer even more money.

That’s on top of the $281 billion it has already imagineered into existence since addressing its “one-off” repo market emergency on September 17. This came via  “Temporary” Repo Man Operations money, and $70.6 billion in Permanent Open Market Operations (POMO) money.

By my calculations that averages out to $7.4 billion per business day. That works out to a monthly pace of $155 billion or so.

If they keep this up, it will be more than enough to absorb every penny of new Treasury supply. That supply had caused the system to run out of money in mid September.  This flood of paper had been inundati...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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