Posts Tagged ‘summer’

Broke People Just Aren’t As Excited By Crappy Movies As They Used To Be

Broke People Just Aren’t As Excited By Crappy Movies As They Used To Be

Courtesy of Jr. Deputy Accountant 

Those who know JDA know that if there’s one thing I am not into (Bernanke aside), it’s movies. Don’t bother making movie references that every other 20-something American female should know because chances are I genuinely have absolutely no idea what you are talking about. The only reason I’ve seen Star Wars is because I was engaged to a movie nut who insisted I partake in the classics (yeah he may have been a bit of a nerd on top of it). Odds are I nodded off after the first 20 minutes and if I managed to stay awake through Clint Eastwood marathons, it was out of love and certainly not because I actually wanted to watch any of them.

That being said, is it all surprising that movie-goers stayed home this summer? Please! We’re in the middle of a f*#king recession for Christ’s sake, if you’ve been unemployed for 99 weeks you can’t afford Netflix, let alone $20 a pop for some crap 3D flick. Ironically I got in two movies this summer (the Jr Jr Deputy is lucky I love him enough to pay for and – worse! – sit through a movie every now and then) but hey, I still make money and don’t have a house I can’t afford to worry about.

Bloomberg:

Summer movie attendance fell to the lowest level since 1997, while soaring ticket prices produced record revenue for Hollywood studios and theater owners.

The number of tickets sold from the first weekend of May through the U.S. Labor Day holiday is expected to drop 2.6 percent to 552 million, Hollywood.com Box-Office said yesterday in an e-mailed statement. That would be the lowest attendance since summer moviegoers bought 540.3 million tickets in 1997.

“The movies just didn’t excite people the way they needed to,” Paul Dergarabedian, president of Hollywood.com Box-Office, said in an interview. “When you raise prices and perceive that quality goes down, you have a major problem.”

Yeah whatever, I wasn’t watching movies in 1997 either. Good for you, America, don’t you dare set foot in a theater again until they at least start pumping out better crap than every Rob Schneider movie ever made.


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ETF Periscope: 10,000 Reasons to Hedge Your Bets

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

10,000 Reasons to Hedge Your Bets

by Daniel Sckolnik of ETF Periscope

Do not go where the path may lead, go instead where there is no path and leave a trail.”  ~ Ralph Waldo Emerson

Though it’s not quite officially over, for all practical purposes it’s time to say goodbye to the dog days of summer.

The markets spent the last few months surfing its own volatility wave, yet ending up pretty much where it started. The numbers speak for themselves. The Dow Jones Industrial Average (DJIA) started June 1 at 10,133. It ended Friday at 10,150. At the same time, the benchmark S&P 500 Index opened the start of June at 1087, closed Friday at 1064.  Oil? Using the ETF USO as a proxy, its June 1 opening was 33.65. Now? 33.57. What about gold? Using the ETF GLD for a proxy, we see it opened June 1 at 120. It closed Friday at 121, indicating a total $10 swing in the precious metal over the same time period.

So, the markets have effectively been in Sideways City all summer long. But now, with the return of all the big-money players from vacation frolics and the accompanying increase in trading volume, it’s time to get serious.

September is close enough on the horizon to taste, and both the Bulls and the Bears are positioning themselves in preparation for their respective expectations. It’s time for what might just turn out to be the main event of the year: The Battle for Dow 10,000.

DJIA 10,000, a psychologically important level, has proven itself to be fairly effective in terms of support throughout 2010. It first was tested this year all the way back in February, then was temporarily violated during the May 6th “flashcrash” before recovering. It was breached more deeply during the summer months, but once again finds itself serving, at least for the moment, as support rather than resistance.

So who has the stronger field position, in regard to market direction in general? The Bulls or the Bears?

If you go by the past week, it would be something of a wash, pretty much reflective of the summer. The early…
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Phil's Favorites

Walmart Testing Flippy The Job-Stealing Robot Cook

Courtesy of Zero Hedge

Walmart is testing out a new kitchen robot assistant named "Flippy" at its Bentonville, Arkansas headquarters in order to see if it might make for a valuable team member in its in-store delis, according to Yahoo! Finance

While Flippy had somewhat of a rocky start at a Pa...



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Zero Hedge

Walmart Testing Flippy The Job-Stealing Robot Cook

Courtesy of Zero Hedge

Walmart is testing out a new kitchen robot assistant named "Flippy" at its Bentonville, Arkansas headquarters in order to see if it might make for a valuable team member in its in-store delis, according to Yahoo! Finance

While Flippy had somewhat of a rocky start at a Pa...



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Kimble Charting Solutions

Silver miners testing key breakout level!

Courtesy of Chris Kimble.

Silver miners (SIL) have had a rough 7-years, as the ETF finds itself nearly 75% below its 2011 highs. No doubt the long-term trend remains down.

SIL is has declined 27% since the first of this year (See chart below), where it is testing a falling support line at (1), with momentum currently at the lowest levels in 5-years.

While declining this year, SIL could be creating a bullish falling wedge, where it currently is in a tight jam between support and resistance.

This chart looks at the Year-to-Date performance of miners ETF’s-

...



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Biotech

Those designer babies everyone is freaking out about - it's not likely to happen

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

 

Those designer babies everyone is freaking out about – it's not likely to happen

Babies to order. Andrew crotty/Shutterstock.com

Courtesy A Cecile JW Janssens, Emory University

When Adam Nash was still an embryo, living in a dish in the lab, scientists tested his DNA to make sure it was free of ...



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Insider Scoop

Nvidia Bounces Back After News Of Potential SoftBank Sale

Courtesy of Benzinga.

Related NVDA 10 Biggest Price Target Changes For Wednesday Boeing, Lennar, Nvidia, Gold ETF: 'Fast Money' Picks For December 3...

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Members' Corner

Blue Wave with Cheri Jacobus (Q&A II, Updated)

By Ilene at Phil's Stock World

Cheri Jacobus is a widely known political consultant, pundit, writer and outspoken former Republican and frequent guest on CNN, MSNBC, FOX News, CBS.com, CNBC and C-Span. Cheri shares her thoughts on the political landscape with us in a follow up to our August interview.

Updated 12-10-18

Ilene: What do you think about Michael Cohen's claim that the Trump Organization's discussions with high-level Russian officials about a deal for Trump Tower Moscow continued into June 2016?

...

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Digital Currencies

How low will Bitcoin now go? The history of price bubbles provides some clues

 

How low will Bitcoin now go? The history of price bubbles provides some clues

The Bitcoin bubble is perhaps the most extreme speculative bubble since the late 19th century. Shutterstock

Courtesy of Lee Smales, University of Western Australia

Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could “fix their minds upon one object and go mad in its pursuit”. Millions of people, he wrote, “become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first”.

His book ...



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Chart School

Weekly Market Recap Dec 09, 2018

Courtesy of Blain.

Bears are certainly showing the type of strength we haven’t seen in a long time.   A week ago at this time futures were surging on news of a “truce” for 90 days between China and the U.S. in their trade spat.  But the charts were still not saying lovely things despite a major rally the week prior.   And by Tuesday, darkness had descended back on the indexes, with another gut punch Friday.    A lot of emphasis was put on a long term Treasury yield dropping below a shorter term Treasury.

On Monday, the yield on five year government debt slid below the yield on three year debt, a phenomenon which has p...



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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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ValueWalk

Vilas Fund Up 55% In Q3; 3Q18 Letter: A Bull Market In Bearish Forecasts

By Jacob Wolinsky. Originally published at ValueWalk.

The Vilas Fund, LP letter for the third quarter ended September 30, 2018; titled, “A Bull Market in Bearish Forecasts.”

Ever since the financial crisis, there has been a huge fascination with predictions of the next “big crash” right around the next corner. Whether it is Greece, Italy, Chinese debt, the “overvalued” stock market, the Shiller Ratio, Puerto Rico, underfunded pensions in Illinois and New Jersey, the Fed (both for QE a few years ago and now for removing QE), rising interest rates, Federal budget deficits, peaking profit margins, etc...



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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"

 

 

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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.

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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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