Posts Tagged ‘SMH’

Bulls Prep for Continued Run-Up in Sprint

 

Today’s tickers: S, SMH, AEM & XRT

S - Sprint Nextel Corp. – Shares in the third-largest U.S. mobile provider hit a new 2-year high today, rising as much as 5.9% earlier in the session to $5.90. The communications company’s share price took a big hit after AT&T and T-Mobile announced plans to merge back in March, but the stock has sky-rocketed in the two months since then, gaining 41.5% off its post-deal announcement low of $4.17. Perhaps shares were helped higher on news Leap Wireless International joined “team Sprint” in opposing the $39 billion acquisition of T-Mobile by AT&T. Shares in Sprint Nextel Corp. may also be higher ahead of the Thursday release of Google’s mobile-payment service, which will operate on Sprint’s phones. Investors positioning for the uptrend to continue over the long term initiated bullish plays in the November contract. It looks like traders are employing ratio call spreads, buying roughly 2,500 calls at the November $7.0 strike for an average premium of $0.31 each, and selling around 5,000 calls up at the higher November $8.0 strike at an average premium of $0.14 apiece. Net premium required on average to establish the trade amounts to just $0.03 per contract. Ratio call spreaders stand prepared to make money in the event that Sprint’s shares surge 19.2% over today’s high of $5.90 to surpass the average breakeven price of $7.03 by expiration day in November. Maximum potential profits of $0.97 per contract are available on the transaction should the price of the underlying stock jump 35.6% to settle at $8.00 at expiration. Sprint Nextel Corp. shares last traded above $7.03 back in September 2008. The sale of twice as many of the higher-strike calls substantially lowered the price at which call spreaders break even, but also ups the amount of risk undertaken on the position. The uncovered short calls may result in losses in the event that shares spike above the upper breakeven price of $8.97 at expiration in November. Options implied volatility…
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Regional Banking ETF Put Volume Pops During Afternoon Trading

 Today’s tickers: KRE, CPN, PRGO, FITB, DPS, SMH & M

KRE - SPDR KBW Regional Banking ETF – A large-volume debit put spread initiated on the SPDR KBW Regional Banking ETF this afternoon suggests one options investor is wary that the significant run up in the price of the underlying fund since the start of December could reverse course next year. Shares of the KRE, an exchange-traded fund that tracks the performance of the KBW Regional Banking Index, are up slightly by 0.10% to trade at $25.18 as of 3:30pm. The strategist responsible for the put spread may be building up downside protection, or alternatively, could be taking an outright bearish stance on the regional banking sector through March 2011. Shares in the fund rallied 14.25% during December so far to reach a 6-month high of $25.59 this past Wednesday. The put-spreader picked up 19,000 put options at the March 2011 $24 strike for a premium of $0.81 each, and sold the same number of puts at the lower March 2011 $20 strike at a premium of $0.16 apiece. Net premium paid to initiate the spread amounts to $0.65 per contract. Thus, the investor is prepared to make money, or realize downside protection, if shares of the KRE fall 7.3% from the current price of $25.18 to breach the effective breakeven point on the spread at $23.35 by March 2011 expiration. Maximum potential profits of $3.35 per contract are available to the put-spreader should shares of the underlying fund plummet 20.6% lower to trade below $20.00 by expiration day next year. The fund’s shares have not traded below $20.00 in more than a year.

CPN - Calpine Corp. – A large chunk of call options were picked up on Calpine Corp. late in session by a bullish strategist positioning for shares to rally substantially ahead of January 2011 expiration. Shares of the independent power generation company are up 2.6% this afternoon to stand at $13.22 in the final hour of the trading week. Calpine was recently…
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Demand for Puts Pops at Regions Financial as Shares Slide Lower

Today’s tickers: RF, YHOO, ORLY, CTV, HNZ, STX, SMH & GT

RF - Regions Financial Corp. – Bears are piling into put options on Regions Financial Corp. today after Fitch Ratings cut Alabama’s biggest lender by two levels to –BBB, citing concerns the firm may post additional losses. Regions’ credit rating was also downgraded two notches to Ba3 from Ba1 at Moody’s yesterday. Shares have been hammered lower over the past four weeks, and today declined as much as 7.22% to touch an intraday- and new 52-week low of $5.14. Today’s low of $5.14 marks a 46.5% decline since October 21, 2010, when shares touched an intraday high of $7.53. Investors expecting shares to extend losses over the next several months purchased large numbers of put options on the stock. Bearish players picked up at least 9,000 puts at the December $5.0 strike for an average premium of $0.28 each and purchased approximately 10,000 puts at the lower December $4.0 strike at an average premium of $0.20 apiece. Lower-strike put buyers are positioned to profit should Regions’ shares slide another 26% below today’s intraday low point of $5.14 to breach the effective breakeven point on the downside at $3.80 by expiration day in December. Pessimism spread to the January 2011 $4.0 strike where another 3,800 put options were coveted at an average premium of $0.20 a-pop. The surge in demand for put options coupled with growing uncertainty regarding the fate of RF’s shares going forward helped lift the stock’s overall reading of options implied volatility 27.4% to 90.77% by 3:50 pm in New York.

YHOO - Yahoo!, Inc. – Shares in Yahoo! are up 5.35% to $17.01 as of 2:40 pm in New York, but earlier rallied as much as 6.315% to hit an intraday high of $17.17. Call options on…
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Bears Descend on Genoptix as Shares Nosedive

Today’s tickers: GXDX, MRVL, QCOM, SMH, ORCL, FUQI & SMTS

GXDX – Genoptix, Inc. – Shares of the specialized laboratory service provider engaged in delivering personalized and comprehensive diagnostic services to community-based hematologists and oncologists plunged 25.79%, crashing straight through its now defunct 52-week low of $21.75, to reach a new low of $16.98 with just over 10 minutes remaining before the closing bell. The firm’s shares plummeted after the California-based company said it expects second-quarter net income of $0.30 per share, which disappointed analysts expecting an average of $0.40 a share. One bearish options investor took advantage of Genoptix’ hemorrhaging shares by initiating a credit call spread in the August contract. The trader appears to have sold 2,000 calls at the August $17.5 strike for a premium of $1.80 each, spread against the purchase of the same number of calls at the higher August $22.5 strike for a premium of $0.50 apiece. The investor pockets a net credit of $1.30 per contract, and keeps the full amount as long as shares of the underlying stock do not rally above $17.50 ahead of expiration day. The parameters of the transaction dictate maximum potential profits of $1.30 per contract, however, potential losses faced by the responsible party sum to a maximum of $3.70 per contract if GXDX shares rebound sharply and exceed $22.50 by August expiration. Losses start to accumulate for the investor if shares rally 10.6% from the current price of $16.98 to breach the effective breakeven price of $18.80 by expiration day in August.

MRVL – Marvell Technology Group Ltd. – Bullish and bearish options trading strategies were initiated on the semiconductor maker this afternoon with shares of the underlying stock up more than 1.6% at $19.25 as of 2:40 pm (ET). Optimists purchased call options in the June and July contracts to position for continued appreciation in Marvell’s share price. Investors picked up approximately 2,500 now in-the-money calls at the June $19 strike for an average premium of $0.34 apiece. Call buyers at this strike price are positioned to make money if MRVL shares rally above the average breakeven price of $19.34 by expiration on Friday. Buying interest spread to the higher July $20 strike where 1,100 call options were coveted at an average premium of $0.52 per contract. Investors long the calls profit only if shares of the underlying stock jump 6.6% to surpass the average breakeven…
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Bears bombard Massey Energy Corp. as FBI Investigates Mining Tragedy

Today’s tickers: MEE, CSTR, SMH & RTP

MEE – Massey Energy Corp. – News the coal producer is being looked at by the Federal Bureau of Investigation following the tragic explosion at one of the firm’s mines in West Virginia on April 5, 2010, fuelled bearish options trading activity today and pushed Massey’s shares down 5.9% to $38.90 as of 12:45 pm (ET). Earlier in the session Massey’s shares declined 9% to an intraday low of $37.43. Shares of the underlying stock are currently down 31% since April 5, 2010, when the stock touched a new 52-week high of $54.80 before falling on news of the mining accident. Investors piled into put options on Massey today, with trading traffic heaviest in out-of-the-money puts in the May contract. The May $35 strike attracted the most volume with more than 12,600 puts changing hands at that strike by 12:50 pm (ET). It looks like at least 6,700 puts were purchased there for an average premium of $0.97 apiece. Put-buyers make money if Massey’s shares fall another 12.5% from current price of $38.90 to breach the average breakeven point to the downside at $34.03 by May expiration. News of the FBI’s involvement, coupled with investors’ voracious appetite for puts on the stock today, boosted Massey’s overall reading of options implied volatility 22.5% to 64.53% as of 12:55 pm (ET).

CSTR – Coinstar, Inc. – Shares of the provider of diverse services, such as self-service coin counting and Redbox $1-a-day movie-rental dispensaries, are up more than 21.5% to $46.44 as of 12:10 pm (ET). Earlier in the session Coinstar’s shares surged 32% over Thursday’s closing value of $38.21 to attain a new 52-week and intraday high of $50.35. One options player reeled in hefty profits by selling a previously established long call position in the May contract. It looks like the investor initially purchased 600 in-the-money calls at the May $35 strike for an average premium of $2.83 apiece back on Monday April 26, 2010, when shares of the underlying stock were trading at a volume-weighted average price of $36.51. Today the trader sold the calls for $14.40 each, banking average net profits of $11.57 per contract. Perhaps expecting continued bullish movement in the price per Coinstar share, the investor established a fresh optimistic stance on the stock by purchasing 600 calls at the May $50 strike for an average premium of $2.20 apiece.…
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Ford Motor Co. Calls Fly Off the Shelves

Today’s tickers: F, PGR, IBM, YHOO, SMH, LINTA, VALE, POT, LEN & RRGB

F – Ford Motor Co. – Call options on automobile maker, Ford Motor Co., are flying off the assembly line this afternoon with shares of the underlying stock soaring 4.5% higher to $13.36. Investors exchanged more than 381,000 option contracts on Ford by 3:25 pm (ET), and paid extra attention to call contracts, trading more than 3.7 calls to each single put option in action. The most heavily trafficked area of the Ford options arena today are call contracts at the September $14 strike where bullish players bought up approximately 86,000 lots for an average premium of $1.12 apiece. More than 99,100 calls changed hands at this strike, which puts the previously existing open interest of 22,831 contracts to shame. Call-buyers holding the September $14 strike call options are positioned to make money if the auto maker’s shares surge 13.2% over the current price to surpass the average breakeven price of $15.12 by September expiration. Ford’s overall reading of options implied volatility is up 14.5% to 39.48% with 30 minutes remaining in the trading session.

PGR – The Progressive Corp. – Bullish options investors dabbled in call options on the insurance holding company in late afternoon trading with shares of the underlying stock rallying up 5.55% to a new 52-week high of $20.55. One investor was prepared for the rally and banked profits on a previously established long call position today. It looks like the options optimist originally purchased 2,000 calls at the May $20 strike for an average premium of $0.35 apiece back on March 25, 2010, when shares of Progressive Corp. were trading at around $18.86 each. The subsequent surge in the value of Progressive’s shares prompted the trader to sell the calls today for a premium of $0.95 apiece, thus banking net profits of $0.60 per contract. Finally, the investor initiated a fresh bullish stance on the stock by purchasing 2,000 calls at the higher August $22.5 strike for a premium of $0.40 each. The trader makes money on the new call acquisition if the insurer’s shares increase another 11.45% to exceed the effective breakeven share price of $22.90 by expiration day in August.

IBM – International Business Machines Corp. – The computer services giant received a vote of confidence by one big bullish options player this afternoon amid a 1.7% increase in the…
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Semiconductor HOLDRS Options Heat Up in Late Trading

Today’s tickers: SMH, X, WMT, SYMC, MOS, SKS, GE, GENZ, DVN & ADBE

SMH – Semiconductor HOLDRS Trust – Massive bearish positioning on the Semiconductor HOLDRS Trust, which holds shares of common stock issued by 20 different companies engaged in the semiconductor business, indicates shares of the underlying stock may be set to tumble lower ahead of expiration day next month. Shares of the SMH are down 2.40% to $27.92 with thirty minutes remaining in the trading session. It appears one investor purchased 50,000 put options at the April $27 strike for an average premium of $0.41 per contract. Such a large stake in bearish put options suggests the purchaser is perhaps paying for the privilege of securing downside protection on a long underlying stock position. If this is the case, the put contracts yield protection should shares of the SMH trade beneath the effective breakeven price of $26.59 ahead of expiration. Of course, it is also possible the trader does not currently own shares of the SMH. In this scenario the investor makes money if shares fall another 4.75% below the current price to breach the breakeven point on the puts at $26.59. The sudden flurry of options activity on the Semiconductor HOLDRS Trust lifted the overall reading of options implied volatility 7.8% to 26.35%. SMH-investors exchanged more than 131,900 contracts this afternoon, which represents nearly 72% of total existing open interest of 183,473 contracts.

X – United States Steel Corp. – Shares of iron and steel producer, United States Steel Corp., rallied 0.65% during afternoon trading to $63.75. Bullish traders anticipating continued share price appreciation for U.S. Steel purchased out-of-the-money call options in the October contract. Nearly 5,600 calls were coveted at the October $75 strike for an average premium of $4.68 apiece. Investors holding these call contracts stand ready to accrue profits if shares of the underlying stock surge 25% to surpass the effective breakeven share price of $79.68 ahead of expiration day in October. We note that U.S. Steel’s share price last traded above $80.00 during the final days of September 2008.

WMT – Wal-Mart Stores, Inc. – The largest retailer on the planet experienced a slight pullback in the value of its shares this afternoon perhaps on news the firm may sell $2 billion of 5- and 30-year senior notes. Shares edged 0.40% lower during the session stand at $55.68. Options traders expecting lower volatility…
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Wild Weekly Wrap Up – Only Halfway Through January!

Wheee, what a ride!

The week can be neatly summed up by my 1:35 comment to Members in yesterday's chat, summed the week up quite nicely as I said: "So funny, a whole week of gains I thought were ridiculous wiped out in 4 hours."  Of course it's easy to laugh when you play the market correctly – as I had said in the morning post, we had cashed out into Thursday's run up and planned on going bearish through the weekend but it turned out we got our sell-off early, jumping the $100K Virtual Portfolio, for example, up 12% in one day – enough to send us back to cash rather than risk a weekend reversal

We laid the groundwork for this little sell-off in last weekend's posts as we put up an aggressive Buy List for Members but in my regular weekend post we emphasized the need to cover our buys with "Disaster Hedges" as we were heading to the tops I had predicted when I published the "Last Charts of the Decade," where I set resistance target of Dow 10,457, S&P 1,135, Nasdaq 2,314, NYSE 7,389 and Russell 638.  As you can see, I pretty much hit them on the head, other than the Dow but that's because our year-old 5% rule calculations did not account for the change in the Dow that replaced C and GM with TRV and CVX, who added about 100 Dow points since their inclusion so we started using 10,549 this month and we'll make it 10,557 for today's chart, which makes perfect sense looking at this group (I added the Transports as they are fell right off our 2,000 target, giving us the early warning that things were not right):

As you can see, the 5% Rule rules!  I will apologize for being such a grump this week but the rally was really starting to annoy me as it was so blatantly forced up through our levels without a proper test that is was really getting me down about the markets.  I don't mind that the markets are manipulated, that's been going on since markets were invented – it's stupid and destructive manipulation that bothers me, the kind that, long term, destroys more investor confidence than it builds and squanders…
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Freaky Friday – Options Expirations Promise a Wild Ride!

As Jesse notes over at Cafe Americain, it's shenanigans central today.

We are mostly watching the action with a detached interest.  As I said to Members in yesterday's morning Alert: "Tomorrow we have CPI, Business Inventories, Industrial Production, Empire Manufacturing (which was awful last month) and Michigan Sentiment and then the 3-day weekend so cash will be comforting until Tuesday at least!"  Yesterday was an excellent day to take the money and run on our bullish positions, even though we did finally make our levels, my final word in that Alert was: "Be very careful today, I still feel like this whole thing can snap on one bad news story." 

We did take earnings spreads on JPM and INTC, both of which seem right on target at 7:30 (see this morning's Alert for adjustments) with INTC giving us the strong numbers we expected and JPM doing well, but not well enough to live up to the hype. 

Earnings season is like party time for options traders, especially on expiration week where we can take advantage of low premiums on the things we buy while still selling high, earnings-inflated premiums on the things we want to sell.  The INTC trade was taking the Feb $22/23 bull call spread for .27 (a cheap way to make $1) and reducing our basis by selling 1/2 that number of Jan $22.50 calls for .12 (a ridiculous price for a call that was $1.20 out of the money when we made the trade in the morning but we only sold half, just in case!) and also selling the Feb $19 puts for .17.  Those we sold the full amount of as we REALLY don't mind having Intel put to us at net $19.04 as .17 and 1/2 of .12 = .23 off our net .27 purchase of the bull spread so we're in for a grand net total of .04 with the upside potential of making $1 if INTC makes it to $23 by Feb expirations.  Even if we only cash out our Feb spread for .12 (less than half of what we bought it for), that's still a 200% profit on the net spread!  This is why we LOVE earnings season!

Our Trade Idea for JPM was in that same 10:47 Post and in that one I said to Members: "JPM – Great Expectations so I like
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Gloomy Put Options Posturing on Financials ETF

Today’s tickers: XLF, ETFC, CF, HGSI, EEM, BEBE, SMH, VRTX, HGSI, F & LDK

XLF – Financial Select Sector SPDR – A large bearish spread in the June 2010 contract suggests one investor feels the need for downside protection through expiration. Shares are slightly up this afternoon by about 0.25% to $14.09. The trader purchased 20,000 put options at the June 14 strike for an average premium of 1.91 apiece. He financed the long position by selling 20,000 puts at the June 11 strike for 74 cents each, and by selling another 20,000 puts at the lower June 10 strike for 51 cents premium. The net cost of the transaction amounts to 66 cents per contract. The investor responsible for the three-legged spread is possibly holding a long stock position in the XLF. The put options might then serve to protect the value of the position in the event that shares decline beneath the effective breakeven point at $13.34 by expiration. The fact that the trader is short two times as many puts indicates this investor expects a pullback but not a collapse beneath the lower strike price of $10.00.

ETFC – E*Trade Financial Corp. – The Wall Street Journal reported that ETFC withdrew its application for funding through the Troubled Asset Relief Program (TARP) because the company’s “recent capital-raising and debt-reduction efforts negates the need for the money.” E*Trade raised $150 million by selling stock in the third quarter out of some $765 million of sold stock this year. The seemingly bullish news that the company no longer plans to participate in the capital-purchase program did not do much for the current share price, which slipped 6% lower to $1.37. Our scanners picked up on interesting options activity this afternoon that may or may not have been inspired by today’s news. It appears 95,000 put options sold at the January 1.0 strike for about 5.5 pennies apiece. One may infer the transaction represents bullish sentiment on ETFC if the sale of the put options is fresh activity. If this is the case, the trader pockets the 5.5 cents premium, and expects shares to remain above $1.00 through expiration. However, the sale could also be the work of an investor closing out a long put position given the already high reading of open interest at the small number of available strike prices.

CF – CF Industries Holdings, Inc. – The…
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Phil's Favorites

Will Higher Interest Rates Kill Growth Stocks?

 

Will Higher Interest Rates Kill Growth Stocks?

Courtesy of Michael Batnick

Interest rates are important. They’re the lifeblood of the economy. To say they’re one of several inputs instead of the only input is not to minimize their importance, but to state reality.

Ben did a post over the weekend in which he makes the argument that low interest rates do not turn investors into gamblers. For example, the average yield on the 10-year treasury was over 6% during the dot-com bubble. People piled in...



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ValueWalk

Ormat: Dirty Dealings in 'Clean' Energy

By Hindenburg Research. Originally published at ValueWalk.

Hindenburg Research‘s short report on Ormat Technologies, Inc. (NYSE:ORA).

Q4 2020 hedge fund letters, conferences and more

Ormat Technologies, Inc. (ORA)
  • Today we reveal how ESG-darling Ormat, a developer and operator of geothermal power plants, has engaged in what we believe to be widespread and systematic acts of international corruption.
  • We expect the blowback to these revelations to be severe, threatening Ormat’s ...


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Kimble Charting Solutions

Gold Miners Decline Nearly 30%, Currently Testing 15-Year Support Level!

Courtesy of Chris Kimble

The past 8-months have been great for the broad markets, the same cannot be said for Gold Miners. Gold Miners ETF (GDX) has lost nearly a third of its value since peaking last August.

This decline has taken place inside a bullish rising channel, that started at the lows in 2015.

The 27% decline in the past 30-weeks has GDX testing a support/resistance line at the $30 level, that has been in play for the past 15-years.

It is critical for GDX to hold this support at (1).

If this support level does not hold, odds increase that GDX could end up testi...



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Zero Hedge

ARK Omitting Some Daily Trade Updates, Burry Says Shorts Will Be "Ruthless" To Wood

Courtesy of ZeroHedge

One of the big things that has helped ARK's public image during its wild run to over $50 billion under management has been its stated commitment to transparency. Every day, at the end of the day, ARK has been emailing out its trades so that followers of the firm and investors can see which stocks "visionary" stock picker Cathie Wood and her team are moving in and out of.

Except now, after a week mired by several days of massive outflows, it appears that ARK Invest isn't exactly disclosing all of its sales anymore. In fact, it's adding numerous disclosures and disclaimers to its daily e-mail lists. 

What used to be a simple spreadsheet showing buys and sells now comes with a warning that the list of trades goin...



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Mapping The Market

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Biotech/COVID-19

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Digital Currencies

Crypto - It Is Different This Time

 

Crypto – It Is Different This Time

Courtesy of Howard Lindzon

?I have been astonished as you know by the growth of crypto.

I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.

Today Bitcoin is near $50,000.

Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.

After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.

That has continued each weekend...



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Politics

What is fascism?

 

What is fascism?

A Donald Trump supporter wears a gas mask and holds a bust of him after he and hundreds of others stormed the Capitol building on Jan. 6, 2021. Roberto Schmidt/AFP via Getty Images

Courtesy of John Broich, Case Western Reserve University

Since before Donald Trump took office, historians have debated whether he is a fascist.

As a teacher of World War II history...



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Chart School

The Fastest Money

Courtesy of Read the Ticker

The fast money happens near the end of the long trend.

Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.
 


 

Video on the subject.


 

Charts in the video



 



 



Changes in the world is the source of all market moves, to ...



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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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