Phil's Stock World, Stock Options Trading & Information

Daily Stock and Options Tips & Updates; Get Our Daily Newsletter Here

I am a Registered Nurse, so is my wife. We work hard to take care of seven kids that are the joy of our lives. The cost for a basic membership is ALOT from our our monthly budget of spending and saving…but well worth it! Phil has allowed me to really ramp up the savings we put away for our children's college funds and our retirement.

David
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 – just wanted to say a sincere thank you for teaching me how to offset, hedge, roll, and not panic. My account is up 10% in the last two weeks, and far from panic, this is becoming great fun. Thanks again,

Deano
Aapl/Phil Thanks for your advice, always appreciated. So, not so much a tax issue, but more to protect against a 5% or greater drop. Here is what I did before their earnings…sold 25% of my stock at 147.50 Against the rest, I sold the June $140 calls for $8.25, protecting down to $140 if needed. And just for fun, I bought the weekly $145 puts for $1.50( small price to pay if they bombed on earnings) So, overall, I am happy with the insurance I was able to 'generate' for 1% of the price of stock. Now, depending on what happens, I have the luxury of deciding and being in the driver's seat with respect to whether to sell and buy your spreads or not. Having done all that meandering, I must say it was fun! More important, I could not have done something like that 2 or 3 years ago and reading and thinking about your teachings has been a tremendous asset. Thanks!

Maya1
Its been a "perfect" month. Every stock I wrote calls against looks like it will be called away next week, every put I wrote will expire worthless. Thanks Phil, now I need some new buy/write candidates, or the new 100K portfolio….

Barfinger
Phil you are great, and not only is your market info spot on but you have the courage to call it like it is and write about it in a great tone.

Flanger
Phil.... I remember back in March of '09, you stated " Unless you think the country is going to hell in a hand-basket, NOW is the time to do your buying". Do you remember ? I took your advice, and bought leap $2.00 calls on F, approximately 200,000 shares using the options, for just pennies. Now that was the best Ford I ever owned.... made over $1 mil - thanks go to you Phil. I now drive a Mercedes but still "love" the Ford.

1234Gel
Phil - I celebrate today, having reached my goal for the year, trading in sync with your education and guidance, of 1 million in profit. I learned a lot, achieved much, and am profoundly grateful. To be honest, when I set the goal I thought it was daunting, as I have for many years been an investor in equities but did very little with options. Learning and doing has for me been a blast! I reached my goal by following Phil's strategies - lots of Buy/Writes, covered calls on equities , naked put entries for income production. I did it with 2.5 mil and kept 600,000 in cash in case I got in trouble. I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in appreciation.

Gel1
Thanks, after years of blood and blunders, I have reached a significant milestone – I don't lose money. Net net, I rarely have a losing week, market up, market down. And that I owe to you. Balanced positions. More premium sold than bought. Fundamental criteria applied to good companies, not momentum/ news headlines/ stock du jour/ triangle squeezies. But rather earnings, P/E, dividends, competitive position — the boring stuff that takes study, thought,….and patience. You have been a great teacher, and I have embarassed myself repeatedly day with how slowly I learn. And it's a funny thing – if you don't lose, the gains start to pile up. The arithmetic is cruel to the downside, and becomes a gift in the other direction. And I'm in this for the long run, having made myself unemployable through a need for diversification. Moreover, what I've learned here has also elided into other areas, including real estate and ex-U.S. investment. Pretty cool. Have a great weekend.

Zeroxzero
Simply the best blogger with the greatest group of members a person could surround himself with on trading day. I've been trading for quite some time now and the insights & suggestions offered by Phil and the members keep me on a continuous learning cycle.

DDay
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…

Kgabor
I discovered PSW while reading up on the US economy and how it applies to all the poor folk of the world and to myself as a humble UK desk slave. This year I put time into learning options trading. I upgraded (with great administrative difficulty!) my stock dealing account to deal options. Now I am an avid reader of PSW and subscribed for voyeur membership. Initially feeling out of my depth struggling to keep up with the peculiar language of options traders, I unsubscribed feeling a little under confident and uncertain if the small stake I have to invest in options could generate enough to justify my PSW subscription. Nevertheless, I've benefited considerably from the member's material. From a small number of initial trades, I've exceeded profit targets enough to consider re-subscribing in some capacity. Thanks for the knowledge and more than anything I appreciate the human angle, the humour and the ecologically sympathetic approach rarely seen in other financial media. Best wishes all - Jon

Jon
Phil, thank you for the thorough response(s). I joined this group last week to take my education to the next level. the school i am involved with very good at calling out levels but very little live trading and little help in managing a position going against you. I like the combo of knowing where the major levels are coupled with your approach to getting in. learned a lot this week. thank you!

DawnR
I love volatile days like this when you can make a bunch of money on these big swings. As long as you have Phil on your side calling the bottoms and the tops of course.

craigsa620
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
Phil, I have the SRS 2011 $7.50 short puts you recommended awhile back. I sold them for $2.20 and now $1.51 (up 31%) although SRS has been down since inception. This was a nice mellow way to play it like you said, thanks.

Jomptien
WOW, glad I went bearish… Phil, thanks for the help on the QID calls yesterday, I turned it into a partial cover rolling down to the Feb 52s selling the 55s 1/2 covered. Sold 1/2 and now lowered my cost basis to $4.38 on the $52s (fully covered).

Texasmotion
AMZN ... thanks Phil; boy did they run a squeeze on everyone there ... made me sweat ... scaling helped! I think AMZN has an 85 handle tomorrow ... maybe lower.

Cap
Looking over your main themes last week, the "China may fall first" and "if you missed it previously, Thurs am gives you a second chance to short" were absolutely on target. I had to rely on stop-losses because of my schedule but just those two calls could have been worth a small fortune. Keep it up and I look forward to your new portfolio.

Ocelli
Phil/USO Adjustment~~ Thanks for showing us the make it even (maybe even profitable) tricks for 'fixing' a losing position. I would have never known the trick if you didn't explain it. The option adjustment techniques are very helpful. Trading stocks would probably never offer that kind of flexibilities! Thanks!

Investwizard
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
That was a quick double on the DIA calls. trailing stop in place.

Kwan
USO, QQQ- Phil, thanks for these plays. Out of USO for about 65% gain today and just keeping 1/4 QQQ.

Ksone88
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 LOVE these futures trades at random hours! I wasnt able to get in on the 612 part but if I had it wouldve been 130$ (2.6%) on a 5k contract in less than 30 minutes. I know you have to sleep, spend time with fam, ect but Im just letting you know that your posts after hours/late at night has made people who followed them a decent chunk of change. Thank you, we appreciate it!

Jromeha
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
Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, you've been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your ‘buy oil if you're brave'recommendation. It's nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!

Jromeha
Every time I read Mr. Davis' market analyses and reports about his super profitable trades I feel admiration mixed with envy for the overall brilliance of this man, intellectual and verbal, his extraordinary savvy in the exotic art of options and, last not least, his moral passion with which he writes, even if in passing, about the darker aspects of capitalism.

RussianBear
This site, for me, is where I have learned how to use options & futures. It is also where I get a constant flow of new ideas. In addition, it's great to know that I have many sources, mostly Phil, if I get lost in a trade. I have been here for 8 years, and am grateful to PHIL and fellow members. I manage about half a million, and although I may not always achieve what Phil does, I am not complaining. I have learned so much. Thank you Phil!

DClark41
Phil - Thanks for the welcoming gift of the POT at a buck Just paid for this month and my membership is not even 24 hours old! looking forward to many more - bk

Bjkeck

Posts Tagged ‘Fibozachi’

End of the Bull: Primary Trend Shifts as Markets Shatter

by Chart School - June 30th, 2010 12:18 am

While technical analysts and traders have numerous techniques for determining trends, the most basic method is the tracking of higher highs and higher lows (bullish trends), or lower highs and lower lows (bearish trends). Tuesday’s relentless sell-off across US equity markets marked an undeniable end to the continuous series of higher lows that had been intact since July 2009. With Tuesday’s close below 1,044.50 on the S&P 500 Cash, ‘bulltards‘ can no longer claim that the primary trend of equities remains bullish.

Traders are going to have their work cut out for them in the days and weeks ahead as a plethora of support levels remain scattered between the levels of 950 – 1,030. Though equities appear poised for downside acceleration into Q3, remaining short may prove difficult in days ahead for most as increased volatility, erratic HFT algos and near-record market internal readings combine to create yo-yo-like equity markets. Tuesday’s Advance / Decline line for the S&P 500 clocked in at -498, with only Zimmer Holdings (ZMH) closing higher. As a company that designs, develops, manufactures and markets orthopaedic reconstructive implants, dental implants, spinal implants, trauma products and related surgical products … could GETCO be anticipating a large order from Mr. Market for a new hip?

Joking aside, what can we expect after such an all-encompassing technical rout? There are essentially two ways to interpret such overwhelmingly positive / negative market internal readings: temporary exhaustion and inflection or breakaway continuation. Normally, when US equity markets exhibit an opening dislocation (greater than +/- 1.5%) and an extreme trend day (greater than 90% A/D, VOLD, etc.) there tends to be an immediate reflex so as to offset lopsided internal measures of momentum. And though the majority of such dislocationary instances immediately resolve themselves in the opposite price direction, the possibility of witnessing a breakaway continuation to the downside here looms large.

The only other modern instance of a -498 Advance / Decline reading on the S&P 500 occurred on September 29, 2008. Equity markets had effectively crashed before 9/29/08 saw an -8.83% swoon; the next day closed 60 points higher, retracing 63.08% of that loss before an eight day waterfall…

Tags: Fibozachi

Posted in Chart School | 1 Comment »

Fibozachi Forecast 3-28-10

by ilene - March 29th, 2010 12:44 pm

In case you missed this in the Stock Chart section:

Fibozachi and Chopshop’s proprietary trading methods provide them with ideas for short, intermediate and long-term trades in a weekly timeframe. This report discusses potential trade setups they’ll be watching throughout the week for possible entries. Their system is based on technicals of given stocks, but not to the exclusion of the greater context of stock market action. We hope you enjoy this report and as always, we appreciate feedback. - Ilene

Fibozachi Forecast 3-28-10

Detail view of a 'Dangerous Current' sign in front of breaking waves

Though the weekly trends of US equity markets remain bullish, the S&P 500 ($INX) has almost grabbed our upper target of 1,185 and we at Fibozachi simply do not like the risk/reward ratio of establishing long positions after such an extensive rally has already taken place. While the past two weeks have resulted positive closes and higher highs, volume has continually diminished. The $INX has also registered an “Advance Block” bearish candlestick pattern. This is a 3-bar pattern where price moves higher over each candle, developing a larger upper shadow / wick on each successive bar. This character within this pattern suggests that bullish momentum continues to wane (over 3 weeks now), unable to close the week with the same strength that it began.

The vast majority of stocks have come back into resistance levels from June ‘08 – August ‘08, which will likely prove a good place to pause (at the very least), in the process putting a halt to the current rally that we are enjoying. Several long-term Fibonacci Moving Averages (SMAs & EMAs) are coming into play for many stocks, which will likely provide additional overhead resistance and help cap this rally.…

Tags: Fibozachi

Posted in Phil's Favorites | No Comments »

Fibozachi Forecast

by Chart School - March 29th, 2010 4:38 am

Fibozachi and Chopshop’s proprietary trading methods provide them with ideas for short, intermediate and long-term trades in a weekly timeframe. This report discusses potential trade setups they’ll be watching throughout the week for possible entries. Their system is based on technicals of given stocks, but not to the exclusion of the greater context of stock market action. We hope you enjoy this report and as always, we appreciate feedback. - Ilene

Fibozachi Forecast 3-28-10

The vast majority of stocks have come back into resistance levels from June ’08 – August ’08, which will likely prove a good place to pause (at the very least), in the process putting a halt to the current rally that we are enjoying. Several long-term Fibonacci Moving Averages (SMAs & EMAs) are coming into play for many stocks, which will likely provide additional overhead resistance and help cap this rally.

While the levels of 1,200 and 1,230 on the S&P 500 remain possible upside targets, we remain adamant that chasing a few percent pointsafter a blistering 70%+ rally is a fool’s game. Considering where US equity markets currently hover, it is time to either sit on your hands and wait for a fat pitch right down the middle, or (if you are nimble enough) to begin targeting stocks that may be topping at these levels. Across dozens of our proprietary screens, which scan every US stock, ETF and market group (and then some), an overwhelming amount of bearish signals registered into Friday’s close. Even more noteworthy, our screens this weekend were almost entirely devoid of anything bullish. Nevertheless, we scoured the charts to find a handful of good bullish candidates to…

Tags: Fibozachi, trading method

Posted in Chart School | 5 Comments »

New Volatility Index Futures for Oil & Gold

by Chart School - March 6th, 2010 8:00 am

New Volatility Index Futures for Oil & Gold

Courtesy of Chopshop at Fibozachi

As the VIX languishes in the doldrums of teen spirit, lulling market participants to sleep before volatility comes screaming back to life, the CME & CBOE have announced a partnership that will create futures (and options on futures) for volatility indexes across a variety of asset classes. Beginning with Oil, Gold, Corn and Soybeans, these new derivative instruments are scheduled for launch in Q3 of 2010. Each benchmark index will be established upon the CBOE Volatility Index® (VIX®) methodology and price series will originate from CME Group options on futures contracts via the most active electronically traded front and nearby contracts.

[1] CME press release

[2] Crude Oil, Gold & Euro Volatility Index charts

[3] CBOE primer on just what the heck the VIX actually is

New Indexes to combine CME Group market data with CBOE Volatility Index (VIX) Methodology

CHICAGO, March 5 — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it has entered into a seven-year license agreement with the Chicago Board Options Exchange (CBOE) that will allow CME Group to list futures and options on futures for volatility indexes on a variety of asset classes. These contracts will be listed with, and subject to, the rules and regulations of the particular exchange where the products will be traded (CME, CBOT or NYMEX).

"Our liquid and transparent commodity and financial markets are the foundation for the creation of new indexes that customers can use to gain a view on volatility across a wide array of asset classes," said Scot Warren, CME Group Managing Director of Equity Index Products and Services. "We believe that a reliable benchmark index for volatility sentiment on contracts such as WTI Crude Oil, Corn, Soybeans and Gold will help market participants make more effective investment and hedging decisions based on their exposure to market volatility."

Terms of the license agreement between the exchanges include the following:

CBOE will create, own and calculate the benchmark indexes using its established CBOE Volatility Index® (VIX®) methodology and license use of the indexes to CME Group.

The benchmark indexes are scheduled to begin publishing data during the third quarter of 2010.

…

Tags: Chopshop, Fibozachi, VIX, volatility, volatility index futures

Posted in Chart School, Immediately available to public | No Comments »

FTU: Fibozachi Technical Update – 1.5.10

by Chart School - January 5th, 2010 9:28 pm

Technician’s Corner

FTU: Fibozachi Technical Update – 1.5.10

In this 1.5.10 edition of the Fibozachi Technical Update (FTU), we present 12 technical profiles of the S&P 500 Futures (ES), the VIX, the US Dollar Index (DXY), Crude Oil Futures (CL), Gold Futures (GC) and Silver Futures (SI).

- Please click on any of the snapshots below to open a large, crystal-clear picture -

ES (S&P 500 Futures)

VIX: CBOE Volatility Index

DXY (US Dollar Index)

CL (Crude Oil Futures)

GC (Gold Futures)

SI (Silver Futures)

Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat at the time of publishing.

For similar technical takes, market calls and insights; please visit our new website, www.fibozachi.com. There, you can view both our complete body of analytic work as well as detailed explanations of the unique design development and technical methodologies within the proprietary technical indicator packages that we use daily to perform a comprehensive technical analysis of stocks, options, ETFs, bonds, futures and FOREX across interval periods of time, tick and volume.

Tags: Fibozachi

Posted in Chart School | No Comments »

True Trading Tips: High-Probability Intra-Day Scalp Setups Using the NYSE TICK

by Chart School - December 28th, 2009 11:30 pm

Technician’s Corner

Today’s market action was rather uneventful, however "lazy" days like today can often provide highly accurate and effective trading signals as a direct result of price immobility within narrow ranges. With a practical knowledge / understanding of technical analysis, one can utilize such signals to profitably scalp futures, stocks and ETFs with ease.

The following picture illustrates the two "gimme" trades that we discretionarily executed today as well as the logic and reasoning behind them.

-- Please click on the snapshot below to open a large, crystal-clear picture --

Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat at the time of publishing.

For similar technical takes, market calls and insights; please visit our new website, www.fibozachi.com. There, you can view both our complete body of analytic work as well as detailed explanations of the unique design development and technical methodologies within the proprietary technical indicator packages that we use daily to perform a comprehensive technical analysis of stocks, options, ETFs, bonds, futures and FOREX across interval periods of time, tick and volume.

Tags: Fibozachi

Posted in Chart School | No Comments »

FTU: Fibozachi Technical Update – 12.28.09

by Chart School - December 28th, 2009 7:07 pm

Technician’s Corner

FTU: Fibozachi Technical Update – 12.28.09

In this 12.28.09 edition of the Fibozachi Technical Update (FTU), we present 10 technical profiles of Gold, Silver, the US Dollar Index, the VIX, the BKX (Bank Index), GS (Golidlocks), SKF and the Cult of Cupertino, er, crAAPLe, er, (snap crackle) AAPL.

- Please click on any of the snapshots below to open a large, crystal-clear picture -

GC (Gold Futures)

SI (Silver Futures)

US Dollar Index

VIX: CBOE Volatility Index

BKX: Bank Index

SKF: UltraShort Financials

GS: Goldman Sachs

AAPL "Doji’s" its Way to New Highs

Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat at the time of publishing.

Tags: Fibozachi

Posted in Chart School | No Comments »

FTU: Fibozachi Technical Update – 12.21.09

by Chart School - December 21st, 2009 8:03 pm

Technician’s Corner

FTU: Fibozachi Technical Update – 12.21.09

In this 12.21.09 edition of the Fibozachi Technical Update (FTU), we present 12 technical profiles of the ES (S&P 500 Futures), the VIX, Gold, Futures, Silver Futures, Crude Oil Futures and the US Dollar Index.

- Please click on any of the snapshots below to open a large, crystal-clear picture -

ES (S&P 500 Futures)

VIX: CBOE Volatility Index

GC (Gold Futures)

SI (Silver Futures)

CL (Crude Oil Futures)

US Dollar Index

Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat at the time of publishing …

Tags: Fibozachi

Posted in Chart School | No Comments »

FTU: Fibozachi Technical Update – 12.17.09

by Chart School - December 17th, 2009 6:49 pm

Technician’s Corner

FTU: Fibozachi Technical Update – 12.17.09

In this 12.17.09 edition of the Fibozachi Technical Update (FTU), we present detailed technical profiles of the US Dollar Index, Gold Futures, Silver Futures, the VIX (CBOE Volatility Index) and the S&P 500 Cash …

- Please click on any of the snapshots below to open a large, crystal-clear picture -

US Dollar Index

GC: Gold Futures

SI: Silver Futures

VIX: CBOE Volatility Index

INX: S&P 500 Cash Index

Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat and merry at the time of publishing …

For similar technical takes, market calls and insights; please visit our brand new website, www.fibozachi.com. There, you can view both our complete body of analytic work as well as detailed explanations of the unique design development and technical methodologies within the proprietary technical indicator packages that we use daily to perform a comprehensive technical analysis of stocks, options, ETFs, bonds, futures and FOREX across interval periods of time, tick and volume.

Tags: Fibozachi

Posted in Chart School | No Comments »

NYSE TICK Divergences Predict End-of-Day Selloff

by Chart School - December 15th, 2009 6:09 pm

Fibozachi

NYSE TICK Divergences Predict End-of-Day Selloff

One of the screens that we at Fibozachi continually monitor throughout the Cash session is the NYSE TICK.

The hackneyed cliche of "volume precedes price" is certainly true more often than not, however, it is far from foolproof. We prefer to modify this tired cliche by saying that: "buying and selling pressure precedes price."

The snapshots below (from today’s session) clearly illustrate how this critical relationship (between the TICK and price action itself) plays out on a daily basis.

- Please click on any of the snapshots below to open a large, crystal-clear picture -

ESH10 (S&P 500 E-Mini) with TICK Highs & Lows Overlayed onto Price

NYSE TICK 1-Minute

Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat and merry at the time of publishing …

Tags: Fibozachi

Posted in Chart School | No Comments »

Zero Hedge

'Father Of Credit Risk Modeling' Has Ominous Warning Over "Insolvent" Companies Piling Up Debt

July 16th, 2020 5:10 am

Courtesy of ZeroHedge View original post here.

“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt.”

That is the common-sense warning from Ed Altman that every talking head in the world seems incapable of understanding or admitting.

Altman, wh...

Phil's Favorites

Was that the Top?

July 16th, 2020 3:29 am

Was that the Top?

Courtesy of Michael Batnick (originally posted on July 13, 20)

That was one heck of a reversal today in tech stocks. At one point the Nasdaq-100 was up more than 2%, but it gave up all of those gains and then some, finishing the day down over 2%.

After a 60% move off the March lows, the question on many investor’s minds tonight is, “was that the top?”

This type of reversal is rare and is only seen in volatile markets. It happened at the bottom in March 2020, and before that you’d have to go all the way back to the bottom of March 2009.

It’s happened at the bottom, but it also ha...

Biotech/COVID-19

How 'good' does a COVID-19 coronavirus vaccine need to be to stop the pandemic? A new study has answers

July 15th, 2020 6:31 pm

How 'good' does a COVID-19 coronavirus vaccine need to be to stop the pandemic? A new study has answers

The lower the vaccine’s effectiveness, the more likely social distancing in some form may still be necessary. Gopixa via Getty Images

Courtesy of Bruce Y. Lee, City University of New York

The U.S. is pinning its hopes on a COVID-19 coronavirus vaccine, but will a vaccine alone be enough to stop the pandemic and allow life to return to normal?

The answer depends on a how “good” the vaccine ends u...

ValueWalk

Whitney Tilson Is Bullish On Bank Stocks

July 15th, 2020 5:08 pm

By Jacob Wolinsky. Originally published at ValueWalk.

Whitney Tilson’s email to investors disucssing him being bullish on bank stocks; the bear case; Doug Kass with the bull case.

Q2 2020 hedge fund letters, conferences and more

Earnings Season For The Big Banks

1) It's earnings season for the big banks this week.

Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) reported this morning... Goldman Sachs (GS) is up tomorrow... and Bank of America (BAC) and Morgan Stanley (MS) round things out on Thursday.

The sector has been decimated this year. The Invesco KBW Bank Fund (KBWB) is down 35% year to date, vast...

Digital Currencies

Bill Gates, Elon Musk, Jeff Bezos, Bloomberg, Kanye, Apple Twitter Accounts All Hacked In "Nigerian" Bitcoin Scam, Over $100,000 Stolen In Minutes

July 15th, 2020 4:55 pm

Courtesy of ZeroHedge

The twitter accounts of two of the world's richest men, Bill Gates and Elon Musk (and perhaps others) were hacked late on Wednesday, in what appears to be a version of a "Nigerian" bitcoin scam.

At 440pm ET, Musk tweeted the following:

Microsoft founder Bill Gates had a similar tweet.

As did Jeff Bezos:

...

Kimble Charting Solutions

Junior Gold Miners Working On 7-Year Breakout!

July 15th, 2020 7:54 am

Courtesy of Chris Kimble

Its been a long 7-years if you happened to buy Junior miners ETF (GDXJ) back in 2013, as it has traded sideways since those highs.

This chart comes from Marketsmith.com, which reflects that GDXJ is trading above long-term moving averages and its relative strength continues to push higher.

GDXJ has spent the majority of the past 7-years inside of the trading range (1).

The rally off the bottom of the range in March, has GDXJ working on an upside breakout of this trading range at (2).

A...

The Technical Traders

Second Phase Real Estate Collapse Pending

July 15th, 2020 4:04 am

Courtesy of Technical Traders

Real estate, especially commercial real estate, is likely to be the first segment of the real estate market to enter the second phase of an extended collapse. The COVID-19 virus has created an atmosphere where continuing operations for retail, restaurants, and many other business segments is virtually impossible to maintain. Without the ability to earn sufficient income, thousands of restaurants and other retail businesses have already closed or are in the process of closing. This has pushed the commercial real estate market into turmoil. We believe the residential real estate market will follow the commercial market because consumers are going to suffer as commercial real estate collapses....

Chart School

Dow 2020 Crash Watch - Update

July 11th, 2020 5:41 pm

Courtesy of Read the Ticker

Like 1929 the markets have bounced. This time it is on the back of the FED $6.5T money printing.

Previous Post: Dow 2020 Crash Watch

But can the FED blow $6T every time the market rolls down to test support.

Yes, maybe before the US 2020 elections the FED will do 'what it takes'. But post elections not so much, the year 2021 is a long way from the next election (presidential or congress) and defense of the markets may not be so supportive at $6T or $10T per market smash. The FED may hesitate, and that will be window for stocks to break lower.

The 36 month simple moving a...

more from Chart School

Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

June 14th, 2020 5:52 pm

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of Lee Adler

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...

Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

May 16th, 2020 1:51 pm

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...

Insider Scoop

Economic Data Scheduled For Friday

April 3rd, 2020 12:00 am

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.

...

http://www.insidercow.com/ more from Insider

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

February 26th, 2020 12:21 am

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.

...

more from Promotions

Mapping The Market

How IPOs Are Priced

July 24th, 2019 8:35 am

Via Jean Luc

Funny but probably true:

...

more from M.T.M.

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...

Learn more About Phil >>

As Seen On:

About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.

News from idealmedia.com

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Site owned and operated by PSW Investments, LLC. Contact us at: 403 Central Avenue, Hawthorne, NJ 07506. Phone: (201) 743-8009. Email: admin@philstockworld.com.

0.79 seconds, 43 queries.