Watch Phil on Money Talk on BNN (where available)! Tonight at 7pm EST!
by Promotions - March 25th, 2015 5:34 pm
The replay will be available on their website after the showing tonight. I'll also post up a link to the replay as soon as it's available!
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Time is running out! Join us in Vegas!
by Promotions - October 30th, 2014 4:56 pm
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.)
- Dinner at Rao's on Sunday night (optional)
- 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.)
Room 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 (12 left at this rate):
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There’s still time to JOIN US in LAS VEGAS!
by Promotions - October 27th, 2014 4:42 pm
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.)
Room 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 (15 left at this rate):
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5 Ways the Wave Principle Can Improve Your Trading
by Chart School - May 12th, 2011 8:49 pm
By Elliott Wave International
5 Ways the Wave Principle Can Improve Your Trading
Jeffrey Kennedy brings more than 15 years of experience to his position as Elliott Wave International’s Senior Analyst and trading instructor. He knows firsthand how hard it can be to get simple explanations of a trading method that works — so he shares his knowledge with his subscribers each month in the Trader’s Classroom lessons.
Here’s an excerpt from The Best of Trader’s Classroom, a free 45-page eBook that gives you the 14 most critical lessons every trader should know. Download the full eBook free here.
Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high-probability price targets. Just as important, it can distinguish high-probability trade setups from the ones that traders should ignore.
Where Technical Studies Fall Short
There are three categories of technical studies: trend-following indicators, oscillators and sentiment indicators. Trend-following indicators include moving averages, Moving Average Convergence-Divergence (MACD) and Directional Movement Index (ADX). A few of the more popular oscillators many traders use today are Stochastics, Rate-of-Change and the Commodity Channel Index (CCI). Sentiment indicators include Put-Call ratios and Commitment of Traders report data.Technical studies like these do a good job of illuminating the way for traders, yet they each fall short for one major reason: they limit the scope of a trader’s understanding of current price action and how it relates to the overall picture of a market. For example, let’s say the MACD reading in XYZ stock is positive, indicating the trend is up. That’s useful information, but wouldn’t it be more useful if it could also help to answer these questions: Is this a new trend or an old trend? If the trend is up, how far will it go? Most technical studies simply don’t reveal pertinent information such as the maturity of a trend and a definable price target — but the Wave Principle does.
How Does the Wave Principle Improve Trading?
Here are five ways the Wave Principle improves trading:1. Identifies Trend
The Wave Principle identifies the direction of the dominant trend. A five-wave advance identifies the overall trend as up. Conversely, a five-wave decline determines that the larger trend is down. Why is this information important? Because it is easier to trade in the direction
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DHH Options Time
by Sabrient - March 18th, 2011 4:01 pm
Dark Horse Hedge is Rocking (2) & Options Time Again
By Scott at Sabrient and Ilene at Phil’s Stock World
My heater’s broke and I’m so tired
I need some fuel to build a fire (actually need something that cools heat down)
The girl next door (Tokyo), her lights are out, yeah
The landlord’s gone, I’m down and out
It’s cold gin (option) time again
You know it’ll always win – KISS
The tragic developments in Japan took center stage this past week and our hearts go out to everyone in Japan, and everyone who is touched by this catastrophic event.
Prior to the earthquake and tsunami, the VIRTUAL Dark Horse Hedge virtual portfolio was positioned with a 70% Long / 30% Short tilt. We are now considering moving to a 50% / 50% balance. We will most likely do that, assuming no material change in the world events, by adding to our short positions next week. In the meantime, we have two option positions which are expiring today and we wanted to add to the review we began last week. (Click here for our first four long positions reviewed a week ago.)
Options Expiration:
Radware Ltd (RDWR): On November 11, 2010 we added Radware (RDWR) to the virtual portfolio using Phil’s Buy/Write strategy. At that time RDWR was trading at $33.39 and we added half the shares we wanted (100) and sold the March $35 2011 call and March $35 2011 put to complete the buy/write. On December 7, 2010 when the stock traded up to $40, we rolled the call out to the Jan $35 2012 call, which we sold for $9. We kept the March $35 2011 put we had already sold for $5.10. The put (as 65-70% of options do) will expire worthless today yielding a $5.10 profit. At this time, we believe it is prudent to hold the shares, currently trading at $35.56, and the Jan $35 2012 call.
Xyratex (XRTX): On December 20, 2010 we added Xyratex (XRTX) using the buy/write strategy and acquiring half the shares we wanted exposure to and selling March $15 calls and puts for a net $3.60. XRTX is trading at $11.14 today on expiration day, so the call side will expire worthless ($1.80 profit) and the puts will be exercised – the
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Dark Horse Hedge is Rocking On
by Sabrient - March 9th, 2011 2:42 pm
By Scott at Sabrient and Ilene
For those about to rock, we salute you – AC/DC
Dark Horse Hedge is Rocking On
With February and the most of earnings season passing, we decided to "stand up and be counted" with a summary article on the VIRTUAL Dark Horse Traders’ Hedge (DHH) virtual portfolio.
Our mission has been to generate absolute returns through the use of a tilted Long/Short strategy that remains market neutral, but with a partial bias towards momentum (as defined by measuring the S&P 500 relative to its 50 and 200 day Moving Averages). We have been tilted to the long side since October 2010.
Over the long term, reasons for using such a strategy include being positioned to take advantage of both bull and bear runs. As evidenced by the near zero returns of the market over the last 10 years, buy-and-hold strategies are majorly flawed. The market also teaches hard lessons to those who attempt to predict direction, and has forced many retail investors to reconsider their strategies after being pounded in 2001 and 2008.
Alpha is a measure of a return over and above a benchmark index’s return, and Beta is a measure of the virtual portfolio’s performance as it is correlated to movements of the market. With DHH, we strive to optimize Alpha while minimizing Beta to protect our virtual portfolio in up and down markets. Beta is reduced by holding both Long and Short positions and using a rules-based approach to determine which stocks have the best chacteristics to benefit when the market is rising, and conversely to determine which stocks are most apt to perform poorly when the market is falling. In other words, we want to be long stocks of the best companies and short stocks of the worst companies – we want to identify the "tails" of a market, index, sector or basket of stocks.
Once a virtual portfolio of Long and Short stocks is established, then it is a matter of gaining the desired exposure using the available…
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Stock World Weekly 2-27-11
by ilene - February 27th, 2011 8:22 am
Here’s the latest edition of Stock World Weekly: Irresistible Forces Meet Immovable Objects. - Ilene
Excerpt:
On Saturday, February 27, the Security Council of the United Nations (UN) voted unanimously to institute sanctions on Libya, including travel bans and freezing the assets of Muammar al-Gaddafi and others associated with his regime. Protests have dragged into their twelfth day, and protestors refuse to yield in the face of utterly horrific retaliation by Gaddafi’s loyal forces. U.S. ambassador to the UN, Susan Rice said, “When atrocities are committed against innocents, the international community must act with one voice – and tonight it has.”
The Telegraph reported over the weekend that Gaddafi apparently made good on his threats to trigger a civil war, using irregular forces largely composed of hired mercenaries to launch a counterattack against protesters. “Anywhere we go there is danger,” said one woman, a 28-year-old mother of four who asked not to be named. “All we want is food and fresh water for our children but it is impossible to find. Security is the only concern of the authorities.”
An accurate report of the death toll is impossible to obtain at this time, but on Wednesday, Italy’s Foreign Minister, Franco Frattini said, “We believe that the estimates of about 1,000 are credible.” The situation in Libya has deteriorated since then. Multiple stories coming in from all over the country have cited dozens to hundreds of casualties in each city. It appears that Libya has slipped into the abyss of complete social breakdown and civil war.
This is just one example of the tide of popular unrest that has been unleashed in the wake of the Federal Reserve’s and other central banks’ inflationary policies. The chart below shows the U.S. Adjusted Monetary Base increasing from $1.75Tn in 2009, to $2.0Tn in 2010, and now nearing $2.3Tn, an increase of $300Bn in just two months! This represents an increase of 35% in less than 18 months. (The U.S. Monetary Base is the total amount of currency that is circulating in the hands of the public or in the commercial bank deposits held in reserves of member banks of the Federal Reserve System.)
Another revolt of a more peaceful nature took place in Ireland. The long-dominant Fianna Fail party was brutally rejected by Irish voters, taking just 15.1% of the vote and losing…
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The Next Two Years in the Financial Asset Markets – Emperadores en Fueg
by ilene - February 16th, 2011 3:07 pm
Courtesy of Jesse’s Cafe Americain
As Ozzie Osbourne says, "All Aboard!" lol
The good news is that it will not be as straight down as this.
Keep your hands and head inside the train at all times.
Don’t worry. Trust in Ben and Tim.
And meanwhile in the Mideast…
Note: Most people think of stocks as the be all and end all of dollar financial assets. In the case of a burst of inflation or a hyperinflation, the equity market will soar for a time, although its gains will be illusory. So stocks are an insurance but not so much as you might expect if that is the outcome. Try not to get in front of it, as phony as you might think it may be. But the stock market is of much less consequence as compared to the bonds and currency markets. It is the three card monte to the bond and currency numbers rackets. The stock markets are the pretty lights and buildings that the tourists stare at while the carnies pick their pockets.
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| "Higher and Higher. What Could Go Wrong?" |
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| "What a Beautiful View At the Top. We’re the King of the World." |
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| "Who Could Have Foreseen This? Remain Calm. All Is Well." |
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| "Mommy!" |
And if the Fed should make a mistake, the efficient electronic trading markets are designed to be self-correcting.
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“Is this the line for the pullback?”
by ilene - February 14th, 2011 1:09 pm
Courtesy of Joshua Brown, The Reformed Broker
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Stock World Weekly
by ilene - January 30th, 2011 8:23 am
Here’s this week’s Stock World Weekly. Enjoy! Comments welcome.
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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...
Ilene is editor and affiliate program
coordinator for PSW. She manages the site