Thank you so much for the good daily news in review Phil. I love your commentary! It is such a breath of fresh air in the smog cluttered news networks.
RJRoberts
hil, I hit my targets for the year in my 401K (thanks in no small part to your site), so I cashed out of all positions a couple of weeks ago. Feels good... I'm conservative with this money –looking for 2% per month, which i've been able to do… thx.
Lunar
Phil - I am 3 month follower and shout a big thanks for all the good advice and training. I read all the materials and posts as suggested. I am retired CFO and took over my investments 2 years ago from broker after frustration with returns. I followed some conservative advice for retirees and have 60% bonds currently in a 5m portfolio. I had been doing covered calls on my stocks to boost returns and slowly am getting more aggressive after following your site and my son who has been with you for 6 months. I allocated 1.5m to stocks and am scaling up from 30%. I did some of the trades suggested in early June using Aug & Oct buy/writes on CSCO, WMT, MON, WFR, DO in addition to calls on XOM, CVX, PEP, PG, WM, T that I owned. Most are doing very well (4-24%) in 60 days. My good problem is that instead of getting longer, I will be making 6% quickly (50% plus annualized) and getting called away on many positions. What would you advise for getting long again. Thanks again for such a great job advising all of us!
TXChili
BTW Phil, I wanted to relate a conversation I had with my business partner yesterday. I told him that I have been much more relaxed about my investments ever since I joined your site. It's funny how a 15-20% cushion does to your nerves. My returns have increased dramatically and my risk diminished. Many thanks for the guidance and patience. Good thing I am doing better financially as you might have increased my life expectancy as well!
StJeanluc
I really would like to meet all of the posters here who seem like an intriguing bunch of intelligent, opinionated (without being obnoxious or condescending most of the time), and well spoken people. Not so easy to find in this age of instant gratification and me first attitudes. Usually this results in groups where misinformation is used to gain an advantage, or whatever it takes to beat the other guys. I love the one for all, all for one vibe here, sharing your best ideas and helping each other work together for a common goal, to be successful investors!
craigsa620
I enjoy your informative materials, Phil... as it is obviously beneficial to so many "styles" of trading the markets... long term, swing or day trading the market moves.
As a longer term trader, I really like you long term calls, as I for one recognize the difficulty of calling these, because the further out you go in time, projecting price movement becomes more difficult.
I have to congratulate you for your accuracy... You called the March 2009 market upward reversal almost to the day, and the AAPL reversal to THE day. Only one who has been a student of the economy and the markets over a period of time could have done this, and so many other accurate calls. I'm sure it was difficult and consistent work, but it did pay off... thanks from one who benefited big time !
1234Gel
/NKD- Kownichiwa Cowboy!! One week of patience and scaling in and out pays off. This is a testament to Phil's fundamental analysis with the PSW technique. Thanks Phil.
JohnO
I remember that call (to sell gold at $1,850) as well... and the many Buy-Writes that were created on your site during that period... thanks to you, I had an average ROI of close to 70% for over 2 years, averaging 4,000 trades per year. Busy trading, but lots of fun and memorable trades.
1234gel
Phil, thank you for all the education here. I've gained so much knowledge being a part of PSW.
Thanks to the rest of the members as well! I appreciate all of the contributions you make.
JeffDoc
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
Phil/Everyone here/Thank you - What everyone here with their insightful comments (including yourself) has helped me with is that I'm greatly increasing my ability to trade more psychologically neutral, although I've got a ways to go. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.
Skasiah
The wonderful resource that Phil has created for us and nourished by its members is so powerful in what it can teach us going forward, but also what we can learn from the past. I never say it often enough, but Phil – thanks for all the work you do for us.
Winston
I think that Phil is super, I am up 39.3% YTD. Thank you for your kindness and the opportunity to observe Phil from February.
KMisko
I have been a "silent" member for the past year, and am 1,000 hours into the 10K hours of training (The last week is worth at least 500 hours!). Made lots of mistakes and misunderstood quite a few of Phil's calls, … some actually made money when reversed. The chat (Including the politics) is very engaging (Many great minds with international coverage), and a great companion, while nursing a trade gone wrong, through the night. The webinars (despite technical difficulties) are extremely useful. Thanks for your coaching … it has made me a consistently profitable trader, with a better understanding of what I do not know.
Aquila
Thanks for the USO directions today. Made it 3 times (up/down/up) for a very nice win.
Doro165
Phil/CLK4 – Perfect! Saw the answer 1 min after my post…out with $740 on two contracts. Thanks again for the education.
Jeffdoc2004
10/15/2014: Phil…..been travelling more than not but reading and watching you guys every night. This is to say a big thank you. Even though I don't have the time to trade every day now I set up hedges and base long term strategy on PSW. I now it may sound like BS to some readers but my 401k is down a mere 3%. It hardly gets my attention when I open my brokerage portfolio accounts. And that is by using your longer term hedges and strategies. I don't need to be a day trader to take advantage of PSW. At this time in my life when I cant trade every day……. not losing what we've gained moves front and center. It's just a great feeling to watch your brokerage account hold steady in a sea of red. Thanks Teacher.
Livingfull
I thank you for the years of being my teacher, always took the time to answer my questions.
You are the BEST !
QCMike
Thanks for all the work you put into this site. I have looked at a few other option advisory or "mentoring" services this year, but no one offers even a fraction of the content or the level of services you provide at PSW!
Jelutuck
Phil: Once again thanks for those inciteful comments, and the old links to Sage's portfolio management (I hadn't read before). I'm an experienced stock trader, but over the last 3 or 4 months have come to appreciate options trading here at PSW, and the consistency of your many premium-selling strategies. It is liberating to have to worry less about getting direction right and being able to generate 5% MONTHLY returns with close to delta-neutral positioning. Much appreciated!
Neverworkagain
Thank you Phil for this site – the trade discussions on PSW are mind boggling. Future trading while learning to be a value investor. Priceless
Joseph
Took profit on QQQ 57 Puts, bot 40 at $0.07, sold 20 for $0.15 and 20 for $0.32. Thank, Phil
Bobhu
On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.
Iflantheman
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
The legendary Phil Davis has done it again with his call to "get out of the market now" (12/05/2017). Congratulations Phil, and while I am at it, I again would like to Thank You for your advise given me in March '09, when you said "unless you believe the world is coming to an end, then get in this market with both feet"...... and what a ride that was !
1234gel
What a great post today, Phil. A veritable feast of ideas! I've been reading your posts for years and have modeled my whole trading style after yours. You should be taking 2 and 20 off of me at this point ????
Jablams
Phil - Another excellent teaching article - when you write like that it blows me away. Thank you!
I had the ideas from earlier articles but what I didn't have was enough understanding. The familiarity of ideas through repetition, re-working, revision - over time - the variation, the pulling out of implications - it all contributes to understanding and mostly thats on the student - but a good teacher (worth their weight in gold) makes understanding a pleasure.
I wanted to learn about trading options because it makes my brain feel better - fitter, healthier. Actually mostly it makes me happy to think about the trade and trading options.
You are a good teacher and I know that or I wouldn't value the subscription the way I do. It pays for itself through the pleasure of understanding alone.
Redfern1
Phil, I was so impressed with the personal note in the comments that I went ahead and paid for a months trial of premium that I have been on the fence for awhile about. Just reading the comments makes me already glad for the purchase.
Smasher
Phil – Great calls yesterday, you were in top form. As I was reading your postings, I had hindsight of what the day brought. The calls were uncanny!
Jfawcett
HOTT / Got great trades with it: Enter 6.75 at open, out at 7.18 (avg) at 10:13
Reentered at 7.00 and out all 7.11 few minutes ago- Was a small play but I collected enoght for next month PSW subscription.
A Toyota dealership advertises a 0% interest rate on the windshield of an unsold 2010 Toyota Matrix in Lakewood, Colo.
David Zalubowski / AP
The flood of recalls — nearly 9 million vehicles in the past 12 months — and reams of nasty publicity involving runaway cars and unintended acceleration seemed finally to have abated for the beleaguered automaker Toyota. Then, on Tuesday, the National Highway Traffic and Safety Administration (NHTSA) said it was intensifying its investigation into another potential Toyota safety issue: sudden-stalling problems on its Corolla and Matrix models.
This new NHTSA move, a formal engineering investigation of the Matrixes and Corollas from model years 2005 to ’07, stems from more than 1,000 complaints that have been received by Toyota and the NHTSA. It could possibly lead to another major round of recalls if mechanical or electrical problems are found. (See the 50 worst cars of all time.)
The investigation is just the latest in a barrage of challenges — and heavy damage — to the once gilt-edged reputation of the world’s top automaker. While solidly profitable during the first quarter of fiscal year 2011, the company still has a way to go before it can repair that reputation. "They are still a successful company, they just aren’t on a pedestal anymore," says Rebecca Lindland, an analyst with IHS Global Insight.
"This controversy has damaged our reputation," acknowledges Toyota spokesman John Hanson, referring to the sudden-acceleration issue. But it’s about more than just reputation: Toyota faces liability claims over incidents that have been blamed for 79 deaths and hundreds of crashes.
Earlier in August, Toyota executives were heartened to receive a report from the NHTSA that the agency hadn’t found any evidence that faulty electronics played a role in sudden-acceleration accidents, and instead suggested driver error…
GM today reported that they will reinstate over half, 600 of the 1,100 dealership franchises they told to get lost last year- in an effort to keep the other some 5,000 dealerships "healthy and profitable." The lucky 600 will be getting letters asking to stay with the automaker, that’s if they haven’t already closed their doors forever due to the fact that 1) car sales suck despite an upbeat report earlier in the week 2) some people would argue that GM cars suck and finally 3) the GM brand may be discontinued forever a la Pontiac, Saturn, and Hummer.
A consortion of dealerships have been fighting the Detroit giant, citing they’ve been treated unfairly and that GM was vague in their decisions and thoughts on what dealers are actually profitable, and which ones are not.
Chrysler too, which slashed almost 800 of it’s franchises is also reconsidering the cuts; according to the Associated Press "the decision was a compromise meant to avoid federal legislation that would require that the showrooms be kept open."
Under the revised cutting procedures, dealers would "get face-to-face reviews, binding arbitration and faster payments to help dealers slated for shutdown."
As published by the Associated Press on Yahoo!:
"Congress-brokered talks between dealer groups and the automakers began in September. But those talks stalled over disputes about the review process for targeted dealerships and other issues. Looming over the fight has been the threat of federal legislation to deal with the closures. Lawmakers warned that if a deal wasn’t reached, that legislation would move forward.
The White House has opposed the legislation over concerns that it could hurt GM’s and Chrysler’s efforts to rebound from their government-led bankruptcies."
I guess Congress figures, they’re not done launching torpedos at Toyota- better keep some of these domestic dealerships open to sop-up the overage from Toyota’s once ivory, and now bloodied domestic tower of safety and reliability.
As if the Japanese didn’t already suspect that our new found zealoutry about car safety wasn’t just protectionism in disguise, now it’s been made perfectly clear.
Nebraska Senator Mike Johanns (R) says the US should look into banning Japanese car imports until all the safety issues have been worked out.
Johanns, who as USA Today notes used to be the Agriculture Secretary during the beef import ban, likened such a move to restricting tainted meat from foreign countries.
But says Johanns: "I’m as free-trade as anybody here."
Let’s take a look from a different perspective, in defense of Toyota – is it all politics? Or mostly. Mike Whitney suggests a blood in the water situation. - Ilene
Does anyone really believe that Toyota is being pilloried in the media for a few highway fatalities?
Nonsense. If Congress is so worried about innocent people getting killed, then why haven’t they indicted US commander Stanley McChrystal for blowing up another 27 Afghan civilians on Sunday?
But this isn’t about bloodshed and it’s certainly not "safety regulations". It’s about politics--bare-knuckle Machiavellian politics. An attack on Toyota is an attack on Japan’s leading export. It is an act of war. Here’s a excerpt from the New York Times which explains what is really going on:
"The Japanese economy has emerged from its worst recession since World War II, but is still reeling. Japan must do more to lift its economy out of deflation and boost long-term growth, S.&P. said.
“The outlook change reflects our view that the Japanese government’s diminishing economic policy flexibility may lead to a downgrade unless measures can be taken to stem fiscal and deflationary pressures,” S.&P. said. “The policies of the new Democratic Party of Japan government point to a slower pace of fiscal consolidation than we had previously expected.”
President Barack Obama is expected to address similar worries in the Untied States on Wednesday, with a call for a freeze in spending on many domestic programs, a move he hopes will quell perceptions that government spending is out of control. Fiscal problems in Greece and Ireland have also helped put the spotlight on the issue of national debt." ("Japan’s High Debt Prompts Credit Rating Warning", HIROKO TABUCHI AND BETTINA WASSENER, NY Times)
Japan’s new liberal government is fighting deflation using the traditional methodology, by lowering interest rates and increasing fiscal stimulus. But that’s not what Washington wants. Neoliberal policymakers and their buddies in the right-wing think tanks want "fiscal consolidation" which means harsh austerity measures that will deepen the recession, increase unemployment, and…
Not much. At least not from an engineering, mechanical or even a quality point of view. You don’t reach the top gear in the global auto industry unless you make outstanding cars, which Toyota does — most of the time. Though cars are familiar machines, they are also highly complex ones. To create a modern car, a company has to design, engineer, build, buy and then assemble some 10,000 parts. Sell 7.8 million cars, as Toyota did worldwide in 2009 — a horrible year for the industry — and there are billions of new parts with the potential to go kerflooey. Inevitably, some do.
What makes the recall since November of nearly 9 million Toyotas that are susceptible to uncontrolled acceleration and balky brakes such a shocking story is not so much the company’s manufacture of some shoddy cars or even its dreadful crisis management — though those are errors that will cost it more than $2 billion in repairs and lost sales this year. It’s something more pernicious: the vapor lock that seems to have seized Toyota’s mythologized corporate culture and turned one of the most admired companies in the world into a bunch of flailing gearheads. Not only is Toyota producing more flawed cars than in the past, but an organization known for its unrivaled ability to suss out problems, fix them and turn them into advantages is looking clueless on all counts.
Although the recalls seemed sudden, the evidence has been piling up. Literally. According to a report from Massachusetts-based Safety Research & Strategies (SRS), a consumer-advocacy group, there was a spike in the number of unintended-acceleration incidents in some Toyota vehicles in 2002, about the same time that Toyota introduced its electronic throttle control. The problem was initially blamed on a floor mat or vehicle trim that, if it came loose, could jam the accelerator pedal in an open-throttle position. That was followed by the first of several National Highway Traffic Safety Administration (NHTSA) investigations, in 2003, and two small recalls in 2005 and 2007. But accidents mounted, and last November the company had to take back nearly 3.8 million U.S. Vehicles — its biggest-ever recall — to address the problem.
Modifying the floor mats, though, didn’t fix things. Toyota at first refused to…
Some might say that Toyota’s current crisis is a result of enormously bad luck, and they might be partly right.
Yet Toyota’s problems also appear to have been the result of a series of tiny flops, over and over, ranging from quality control to public relations disasters.
For example, it shouldn’t have taken until today for its CEO to address its safety matters in public
99% of your hard work is meaningless when 1% of the time you’re a complete joke.
We’ve put together a quick guide to the amazingly unfortunate serious of events that put Toyota into its current situation.
U.S. Transportation Secretary Ray LaHood told reporters at a Wednesday breakfast that people should stop driving their Toyotas, then later toned down his comments to a repair advisory. Maybe it’s just Washington’s new toughness in dealing with Big Business, but LaHood’s shot was clearly a sign that respect for the king of cars is no longer in effect.
The damage done to Toyota by its recall of more than 5.3 million autos is clearly accumulating: U.S. sales dropped 16% in January, and the company’s stock surrendered $21 billion in value in a single week. The Department of Transportation is threatening the company with fines for being slow to react to the problems — a pair of faults that can cause sudden, dangerous acceleration — although DOT itself is being criticized for the same reason. Lawyers, who are never slow to react, are swarming. One class action alleges that jammed accelerators in Toyotas have caused 16 deaths and 243 injuries. Customers who once wouldn’t think about looking at another brand now have reason to.
Toyota has now made two recalls in the U.S. The first, involving 4.9 million cars, was triggered by a problematic floor mat that could come loose and jam the gas pedal open. The second, of 2.3 million vehicles on Jan. 21, concerns a problem with the gas-pedal mechanism itself. Toyota has told drivers to remove the floor mats; its fix for the sticky pedal requires a free 30-min. shop repair. DOT has urged owners of the 11 recalled models to use caution and get to a dealer. Still unknown: whether an electronic problem is also a culprit in sudden acceleration. Toyota says it isn’t.
The parable of Toyota may be that the tortoise became the hare. Over decades, Toyota built its reputation and market share in tiny increments through its renowned "continuous improvement" method. In the Toyota mantra, quality was always first, because it led to lower costs, which would eventually lead to higher market share. Eventually.
But in the ’90s, Toyota set out to become the world’s top auto company. Being best and being biggest created a tension that Toyota couldn’t resolve, says MIT operations expert Steven Spear: "If quality is first, it drives a certain set of behaviors. If market share is the goal,…
Feb. 3 (Bloomberg) — Electronic throttle systems are under review by U.S. safety officials as a possible cause of sudden acceleration in Toyota Motor Corp. vehicles, as alleged in at least seven lawsuits.
I wrote on this the other day in which I opined:
But not all cars can "run away" in this fashion, and it can be argued that none should. Indeed, it can be argued that that any vehicle with a drive-by-wire system MUST have a means of intuitively overriding an "un-commanded" acceleration in order to be considered reasonably safe and thus able to be certified for sale.
Now I happen to think that all drive-by-wire throttles should be interlocked with the brake pedal. Put a means to install an override on it if you want (rally drivers will complain if they can’t get one) but for ordinary street use this is something that just plain old-fashioned ought to be there.
If I stomp the brakes the throttle should be returned to idle. Period.
In my VW Jetta Wagon it is.
That won’t cover the case where the computer goes insane, however.
That is only covered by a mechanical ignition switch that interrupts power to the ignition circuit, and that too should be mandatory.
To use electronic "start buttons" for reason of vanity is outrageous. And let’s not kid ourselves- that’s exactly what those switches are.
Second, I’ve been around a lot of dangerous gear in my life with a lot of "emergency stop" buttons all over the wall (or on the machine.) You don’t have to hold them in for three seconds to stop the machine, you just hit them and that’s it – power’s off!
I have a lathe in my shop. It has a big fat RED emergency stop button front and center on the control panel where I can get to it FAST if I need to. It does exactly what you think it should do too – it cuts the power. If I need that machine to stop in an emergency I need it to stop NOW, not three or five seconds later.
Toyota gas pedal makers says it is ramping up production of replacement pedals for new cars
WASHINGTON (AP) — The company that makes the gas pedal systems implicated in Toyota’s big recall says it is working with the automaker on a fix.
CTS Corp. officials say they have ramped up production at three factories to manufacture redesigned pedals. The pedals are meant to solve problems with condensation that Toyota has said can cause them to react slowly when a driver presses on the gas. In rare cases, the gas pedals can get stuck.
CTS says it is also working with the Japanese automaker to find a potentially quicker repair for vehicles already on the road.
Toyota spokesman Brian Lyons says the automaker has not decided if the new pedals will go to dealers or factories.
He says the company has also not decided whether it will repair the defective pedals or replace them. Toyota engineers are working on ways to fix the pedals, he said… more here.>>
Timothy warned me about Toyotas several months ago, and this is his previous article with updates in the comments at the very end – scroll down. See also my previous article, M-m-m-my Toyota - featuring my first attempt at song writing, for my car of all things (thankfully not on the recall list!!). It goes to the tune of My Sharona. (Okay, I had some time on my hands.)
Timothy was subject to one of my interviews back in October, in case you missed it. - Ilene
All Toyota-produced vehicles sold in the U.S. today—including Toyota cars and trucks, and Lexus automobiles—are unsafe. It will take years before new models roll off the company’s assembly lines that are completely safe. Also, millions of Toyota vehicles are on American roads already that are unsafe to drive. Any recent-vintage Toyota product, model years 2002[2] and later, potentially can turn into a runaway vehicle at a moment’s notice. Driving one or being a passenger is like playing Russian roulette. Query whether Americans, especially young families with small children, will trust their lives to Toyota?
Tragically and irresponsibly, the company has lied for years and it is lying now. First, Toyota claimed it was a floor mat problem. Next, the problems were related to the accelerator pedal[3]; and on and on the company’s lies go. Toyota has had 10 years to investigate these issues, and determine and implement solutions, but its management has lied repeatedly and it is still doing it. The runaway vehicle safety problems, which are confronting the giant automaker, are of a magnitude equal to or greater than those that brought down the storied Firestone tire brand, and the same thing may happen to Toyota. Every American needs to read about runaway Toyota-produced vehicles. The facts are sobering.
After the sudden-acceleration problems surfaced in Toyota and Lexus vehicles, the National Highway Traffic Safety Administration said “more motorists have died in Toyota vehicles associated with sudden acceleration in the last decade than in cars made by all other manufacturers combined.”[4] Consumer advocate Ralph Nader’s trail-blazing and Herculean efforts helped launch the automobile safety movement. His speeches and writings on behalf of Americans (see, e.g., “Unsafe at Any Speed”) helped expose
This chart looks at the Bank Index (BKX) over the past 25-years on a monthly basis, reflecting that currently, the 9-year trend in the index remains up.
The index may have created a double top this year, at the same level the financial crisis started unfolding back in 2007.
This index has created a bearish divergence in 2018 when compared to the S&P 500. This divergence has it testing 9-year rising support at (1).
As mentioned earlier, the trend in the banking index remains up and support is support until broken.
00:00:22 Checking on Indexes Charts
00:12:49 EME
00:17:32 Euro Stocks
00:19:29 NLY
00:25:34 Compound Rate Calculator
00:35:48 Going through watchlist charts
00:42:07 FDX
00:47:00 Long Term Portfolio
00:48:38 Short Term Portfolio - MSFT
00:50:58 CELG
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and vie...
With yuan unable to sustain its PBOC-inspired squeeze higher and currency volatility at three-year highs, hopes remained high that some stability can be reasserted in China's macro-economic data tonight. Those hopes have been dashed.
However, policymakers face two challenges...
Internally, policymakers’ efforts to constrain the growth of shadow banking and reduce financial risks worked almost too well. Fi...
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?
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”.
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...
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...
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...
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.
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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.
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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coordinator for PSW. She manages the site
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What’s wrong with Toyota?
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U.S. Transportation Secretary Ray LaHood told reporters at a Wednesday breakfast that people should stop driving their Toyotas, then later toned down his comments to a repair advisory. Maybe it’s just Washington’s new toughness in dealing with Big Business, but LaHood’s shot was clearly a sign that respect for the king of cars is no longer in effect.
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Courtesy of Timothy D. Naegele[1]
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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