Posts Tagged ‘Futures Trading Workshop’

Faltering Thursday – Last Chance to Make Strong Bounces

INDU DAILYWe decided to give yesterday a pass.  

Though the indexes failed to hold our strong bounce lines (well, 3 of 5 did), we can blame Canada for that one as a gunman shot up Parliament yesterday afternoon and the "terrorist attack" news sent our markets lower.  Other than that (and these things are unavoidable when you sell 500M guns to 400M people in North America), it wasn't a bad day for the markets, so we're going to wait and see what actually sticks.  Our watch levels remain:

  • Dow 16,466 (weak) and 16,632 (strong).
  • S&P 1,878 (weak) and 1,903 (strong).
  • Nasdaq 4,280 (weak) and 4,360 (strong).
  • NYSE 10,360 (weak) and 10,540 (strong).  
  • Russell 1,104 (weak) and 1,128 (strong).

RUT WEEKLYSo the Dow fell almost exactly from it's strong bounce to it's weak bounce yesterday.  Aside from confirming the 5% Rule™ is firmly in charge, holding the weak bounce line is bullish – IF it holds.  The S&P and Nasdaq held their strong bounce lines (thanks to AAPL) while the NYSE stayed in it's range but the Russell was a big disappointment and failed the weak bounce – a very bad sign if they can't take it back today.  

We had a lot of fun playing the Russell Futures yesterday, starting with my too-early short…
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JOIN US for the PhilStockWorld Las Vegas Conference! Nov 9th & 10th, 2014

Welcome to Las Vegas!

Join us for the PSW Conference where you'll learn:

  • To BE THE HOUSE – Not the Gambler!!!  
  • How to critically analyze today's markets and economy
  • What strategies to apply to the current market conditions
  • When to hold your trades and when to fix them for bigger gains
  • How to use futures to leverage portfolio returns
  • How to incorporate fundamental analysis for long-term wins
  • The investing trends that will matter next year
  • Our top stock picks for 2015

 

Highlights include:

  • Meet our members and authors at our Annual Nobu Dinner on Saturday (optional)
  • Try to beat Phil in our Poker Tournament (Saturday, optional)
  • Live Education Session Sunday, Nov 9th, 10am – 4pm (Brunch provided.)
  • Live Market Session Monday, Nov 10th, 6am – 1pm (Breakfast provided.)

 

We're getting special room rates for the Nobu Tower at Caesar's Palace and for Bally's Hotel and Casino as well. (We will send you special reservation information when you register.)

 

Nobu Hotel King RoomRoom Rates are:

  • 5-Star Nobu Hotel (in Caesar's Palace) - Deluxe King room - Saturday and Sunday – just $239/night
  • Bally's (across the street from Caesar's) – Saturday and Sunday – $99/night

 

(For those of your planning to stay longer, either before or after the conference, they're extending a special rate for us for weekdays as well. As it fluctuates with their availability, we don't have a solid price, but it expected to be around $159/night at the Nobu Tower.)

 

Price for BOTH days of the Seminar are: $699 (20 left at this rate):

 

SIGN UP to Join Us HERE!

 

 

 

 


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Testy Tuesday – 10% and/or Bust!

How low can we go?  

So far, the Russell is the only index that's gone through a full 10% correction – falling from 1,180 in early September to 1,050 yesterday – actually 11% – so far.  According to our 5% Rule™, if the 10% line is going to hold over the long term, we should hold -12.5% on any additional move down – that would be 1,050 from the 1,200 line.  Let's call that our line in the sand for now

Meanwhile, as I noted in our Live Member Chat room – we're comfortable going long on the Russell Futures (/TF) over the 1,150 line, looking for a nice run back to 1,080 but THRILLED with 1,060 – as that's already +$1,000 per contract!  Failing to get back over 1,060, however, will be a sign that there's likely more downside to come. 

Of course, thanks to the 5% Rule™ and our Big Chart, we knew to get bearish as soon as 1,200 failed on the Russell, way back in July.  In fact, on June 30th, I titled our morning post: "Monday Misgivings – CASH!!! Is King as we Begin Q3" saying:

I'm NOT going to depress you.

If you want to be depressed about the market, check out my Twitter Account, where I posted our Morning Alert to Philstockworld Members (and you can become one of those HERE) in which I aired my concerns with the Global Macros.  

Last week we discussed the various forms of market manipulation that are keeping us at record highs and, on Friday, I asked "How Many Countries are Faking Economic Data?"


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Zero Hedge

Peak Globalism: Slowdown In Number Of International Students Choosing Chinese Schools

Courtesy of ZeroHedge. View original post here.

China’s Ministry of Education reports that total foreign enrollment in the country reached almost half a million international students in 2018. This figure represents a 0.62% rise in 2017 enrollment data, furthermore points to a collapse in growth when compared to double-digit increases observed in the last decade. ...



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Insider Scoop

Morgan Stanley: Ford's Beat Should Help Improve Access To Capital

Courtesy of Benzinga.

Ford Motor Company (NYSE: F) far exceeded first-quarter expectations. Its 44-cent bottom line beat a 26-cent estimate, with $37.24 billion in automotive revenue surging past a $37.08 billion forecast.

The automaker earned praise from even the most cautious...



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Phil's Favorites

The PhilStockWorld.com Weekly Trading Webinar - 04-24-19

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

 

Major Topics

00:04:59 - Money Talk Portfolio
00:33:34 - IBM
00:44:56 - LB
00:51:42 - MJ ETF
00:57:17 - Top 10 NASDAQ 1999
01:00:31 - TSLA
01:08:55 - MU
01:09:03 - WPM
01:12:53 - UNG | Natural Gas
01:21:17 - CLNY
01:24:18 - Petroleum Status Report
01:28:53 - Manufacturing Jobs | Oils | Iran
01:31:32 - IPO on Beef
01:34:50 - Disney
 

Phil's Weekly Trading Webinars provide a great opportunity to learn what we...



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Biotech

No cure for Alzheimer's disease in my lifetime

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

 

No cure for Alzheimer's disease in my lifetime

In most cases, scientists are still unsure of what causes Alzheimer’s disease. FGC / Shutterstock.com

Courtesy of Norman A. Paradis, Dartmouth College

Biogen recently announced that it was abandoning its late stage drug for Alzheimer’s, ...



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Chart School

Trump China trade deal currency component

Courtesy of Read the Ticker.

The coming Trump trade deal could have an interesting component effecting the US dollar.

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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, ...

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Digital Currencies

5 Cryptocurrency Tax Questions To Ask On April 15th

Courtesy of ZeroHedge. View original post here.

Authored by David Kemmerer via CoinTelegraph.com,

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

...



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Kimble Charting Solutions

Silver Bear Market Faces Big Price Support Test!

Courtesy of Chris Kimble.

When silver, gold, and the precious metals industry were red-hot bullish in the 2000’s, investors could do no wrong.

You could buy SILVER at just about any price and it would go higher.

In today’s chart, you can see three large green bullish ascending triangles from the 2000’s that lead to big gains. But that was the bull market before the current bear market.

The tables have turned since the 2011 price top. Silver quickly formed a bearish descending triangle and fell another 50 percent when that broke down. This sent a vicious bear mark...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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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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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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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

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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