Posts Tagged ‘VALE’

Macy’s Call Options On-Trend As Shares Rise

 

Today’s tickers: M, VALE & APD

M - Macy’s, Inc. – Shares in the operator of department stores, Macy’s and Bloomingdale’s, are on the rise today, up 1.75% at present to stand at $39.37 as of 11:35 a.m. in New York, after Redbook reported U.S. weekly same-store sales increased 1.6% year-over-year in the prior week. Bullish positioning in Macy’s options this morning suggests some traders are preparing for shares in the name to extend gains this week and perhaps through the end of the calendar year. The bulk of the volume in Macy’s options today is in the front month calls, with more than 6,400 contracts in play at the Nov. $40 strike against open interest of 2,295 positions. Most of the $40 strike calls appear to have been purchased this morning for an average premium of $0.18 apiece, thus positioning buyers to profit should shares rally another 2% to exceed the average breakeven price of $40.18 by expiration at the end of the week. Traders establishing bullish positions on the stock in December expiry calls may be looking for Black Friday and the frenzied holiday shopping season to drive up traffic in stores across the country and the price of the retailer’s shares. The Dec. $41 and $42 strikes are humming with activity today, with upwards of 2,800 calls changing hands at the $41 strike against open interest of 422 contracts.

VALE - Vale S.A. – Options activity on Brazilian metals and mining company, Vale, this morning indicates one or more traders are bulking up on upside calls to position for the price of the underlying to rebound during the next couple of months. Shares in Vale are off their lowest level of the day; down 0.70% at $17.86 as of 12:10 p.m. ET. The Jan. 2013 $18 strike calls are seeing the most action today, with volume topping 27,000 contracts in the first half of the trading session. Traders appear to be purchasing most of the…
continue reading


Tags: , ,




Options Trade Extends Downside Protection On Vale

 

Today’s tickers: VALE, LCC & PNC

VALE - Vale SA – The Brazilian metals and mining company’s shares have sustained sharp losses since last summer, with the stock currently trading at a 45.0% discount to the July 26th 52-week high of $33.74. Shares in Vale are in positive territory today, up 1.3% at $18.59 as of 11:00 a.m. in New York; however, the largest prints in the iron ore producer’s options today point to the potential for fresh two-year lows in the next few months. It looks like one strategist is rolling a bearish position from the front month out to the September expiry, selling a 2,592-lot Jun. $20/$23 put spread at $2.97 per contract to buy the 2,592-lot Sept. $16/$18 spread at a net premium of $0.69 each. Open interest in the front month puts is sufficient to cover the size of the transaction, although it is difficult to determine when and at what price the spread might have originally been purchased. The put spread could be a hedge to offset losses on a long position in the shares, or an outright bearish bet that shares in Vale have further to fall this year. The new Sept. $16/$18 spread yields profits – or downside protection – should shares in Vale decline 6.9% to trade below the breakeven price of $17.31 by expiration.

LCC - US Airways Group, Inc. – A sizable position was initiated in US Airways Group put options this morning ahead of the airline operator’s annual shareholder meeting on Thursday and prior to second-quarter earnings due out next month. Shares in LCC are up 1.15% just before midday to stand at $11.50 and stand 120.0% higher since the beginning of the calendar year. It looks like approximately 5,000 put options were purchased at the July $10 strike for an average premium of $0.57 apiece, perhaps as some strategists lock in gains or speculate on a possible pullback. The cheapened cost of downside…
continue reading


Tags: , ,




Vale Options Combination Play

Today’s tickers: VALE, BID, EBAY & YGE

VALE - Vale S.A. – Earlier we reported that a large-volume three-legged bearish transaction had taken place on iron ore producer, Vale. Market sources have since informed us that the direction of the trade is the reverse of what had been indicated by raw time and sales data. The new information regarding the transaction alters our interpretation of the spread to bullish from the previously reported bearish view. Shares in the Brazilian firm increased as much as 0.82% during the session to secure an intraday high of $35.60, but are currently trading 0.20% high on the session at $35.38 as of 2:50pm. The options investor responsible for most of the volume in options exchanged on Vale today reportedly sold a large number of puts on the stock in order to buy in- and out-of-the-money call options in the May contract. The investor paid a net $2.24 per contract, selling 23,000 May $30 strike puts in order to buy 11,500 May $35 strike calls and another 11,500 calls up at the May $40 strike. The transaction positions the trader to benefit from bullish movement in the price of the underlying shares heading into Vale’s fourth-quarter earnings report on February 24, 2011, through to expiration day in May.

BID - Sotheby’s Holdings Inc. – One options player pocketed big profits on a well-timed bullish bet in Sotheby’s calls this morning. The auctioneers’ shares are currently up 0.2% at $48.34 as of 11:30am in New York, but hit a 6-month high of $49.03 yesterday, driving the stock’s run up to 86.4% since August 31, 2010. The gavel-bearer populating Sotheby’s today initiated a bullish bet back on January 25, 2011, when shares in the name encountered a bump in rally-road and slipped to a three-month low of $38.23.…
continue reading


Tags: , , ,




Options Feeding Frenzy Ensues on Halliburton Co.

 Today’s tickers: HAL, BP, USU, S, POT, VALE & SKX

HAL - Halliburton Co. – Investors are piling into put options on the oil services provider this afternoon following reports that suggest Halliburton shares culpability with BP for failing to act on warning signs that may have prevented the disastrous Deepwater Horizon oil spill in the Gulf of Mexico. At around 1:30 pm this afternoon, HAL’s shares descended into freefall, declining as much as 16.15% to an intraday low of $28.86 in the span of about 30 minutes. Shares gained some composure later in the session, but are still down 10.15% to stand at $30.93 as of 2:45 pm in New York. According to articles on the subject today, HAL submitted documents to the National Commission investigating the BP spill that showed that three out of the four tests of the foam cement conducted by Halliburton before the April 20 blowout indicated the mixture would be unstable. Although Halliburton shared the results of one of two tests conducted in February, neither BP nor Halliburton acted on the information from the foam-stability tests. Uncertainty regarding the impact this new information may have on HAL going forward sent options traders into overdrive and fueled a more than 89.7% increase in the stock’s overall reading of options implied volatility to an intraday high of 62.38%. Investors have driven options volume on Halliburton up to 225,000 contracts as of 3:05 pm. Volume is heaviest in the November contract with the $30 strike put options receiving the most attention. More than 19,000 puts have changed hands at that strike. But, traders are purchasing more bearish contracts as well in case HAL’s shares continue to suffer in the weeks ahead. Pessimists purchased puts at the November $25 strike, where more than 3,400 lots changed hands, at an average premium of $0.39 each. Near-term call options are quite active, as well. The majority of volume in November contract calls appears to be the work of sellers throwing in the towel on the HAL following today’s news story. Longer-term bearishness appeared in the April 2011 contract where one trader initiated a ratio put spread. It looks like the investor purchased 1,250 puts at the April 2011…
continue reading


Tags: , , , , , ,




Six Fortune 500 Companies including Vale, Walt Disney and Kraft, Move Regional HQ to Shanghai

Six Fortune 500 Companies including Vale, Walt Disney and Kraft, Move Regional HQ to Shanghai

China, Shanghai, Bund, man on promenade taking photograph

Courtesy of Mish

When you have a tax policy that begs corporations to move workers and profits overseas, this is what you should expect: 24 multinationals move HQ to Shanghai

24 multinational companies, have decided to move their regional headquarters to Shanghai, including 6 Fortune 500 companies such as Vale, Walt Disney and Kraft Foods.

This will push the total number of companies with regional headquarters in Shanghai to nearly 300. Nearly 500 have regional research and development centers there.

Shanghai has been China’s top destination, for multinationals. Even during the world economic slump, the city’s foreign direct investment still increased. Data shows Shanghai’s foreign direct investment has already surpassed more than 5 billion US dollars in the first half of this year.

US Tax policy allows deferral of taxes on corporate profits held overseas. Tax policy, in conjunction with global wage arbitrage, practically begs corporations to move jobs and profits overseas.

Meanwhile, small businesses struggling in the US face higher taxes and increased medical expenses thanks to the Obama administration. It’s a lose-lose situation for small businesses vs. larger multinationals.

The worst part of this sorry situation is small businesses are the real economic driver for jobs.

For further discussion of small businesses, job creation, and our inept policies, please see Bleak Outlook for Small Businesses and Job Creation; Where Obama Went Wrong, and What to do About It.

Addendum

A couple people pointed out the word "Regional." Offices did not move out of the US.  

True enough.

However, the likelihood those regional offices are bigger at the expense of US is high, but admittedly there is no way of knowing. However the underlying message on tax policy is valid regardless.

Mike "Mish" Shedlock 


Tags: , , , , , , , , ,




Bearish Options Combo Player Mauls Financials ETF

Today’s tickers: XLF, VALE, MSFT, FTO, FITB, BRK B, PPL & GCI

XLF – Financial Select Sector SPDR – A bearish three-legged options combination play initiated on the XLF, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Financial Select Sector of the S&P 500 Index, indicates one big options player expects shares of the underlying fund to decline ahead of August expiration. Shares of the ETF are currently down 0.55% to stand at $14.49 with just under 30 minutes remaining before the closing bell. The pessimistic options strategist appears to have sold call options in order to partially offset the cost of buying a debit put spread. The investor sold 17,500 calls at the August $16 strike for a premium of $0.18 each, purchased 17,500 puts at the lower August $14 strike for a premium of $0.52 per contract, and finally sold 17,500 puts at the August $12 strike for a premium of $0.14 apiece. The net cost of the transaction is reduced to just $0.20 per contract. Thus, the bearish trader is poised to profit if shares of the XLF fall another 4.75% from the current price of $14.49 to breach the effective breakeven price of $13.80 by August expiration. The investor walks away with maximum potential profits of $1.80 per contract – for total gains of $3.150 million – if the price of the underlying fund plummets 17.2% to trade at or below $12.00 by expiration day in August.

VALE – Vale S.A. – Two-opposite minded options strategists initiated spreads on the iron-ore producer today. One of the investors displayed bearish sentiment on the stock by purchasing a plain-vanilla debit put spread, while the other options player put forth an optimistic stance on Vale by enacting a bullish risk reversal. Vale’s shares are up 0.70% to stand at $27.40 as of 3:40 pm (ET). The Vale-bear initiated a debit put spread, buying 7,500 lots at the September $25 strike for a premium of $1.36 apiece, and selling the same number of puts at the lower September $20 strike for $0.40 in premium per contract. The net cost of the transaction amounts to $0.96 per contract and prepares the investor to profit if Vale’s shares fall 12.25% from the current price to breach the effective breakeven point on the spread at $24.04. The put-spreader pockets maximum potential profits of…
continue reading


Tags: , , , , , , ,




Vale SA Entices Bulls and Bears to Options Arena

Today’s tickers: VALE, TIVO, MS, CNQ, LVS, PBR & AMD

VALE – Vale SA – Two opposite-minded options strategists initiated directional plays on the Brazilian metals and mining firm in the July contract today. Shares of the world’s biggest iron ore producer are currently flat at $27.03 as of 3:30 pm (ET). One of the investors populating the July contract purchased a bearish put spread while the other trader enacted a bullish risk reversal. The pessimistic player picked up 6,000 puts at the July $26 strike for a premium of $0.81 apiece, spread against the sale of the same number of puts at the lower July $22 strike for a premium of $0.20 each. The net cost of the put spread amounts to $0.61 per contract. The put-spreader is positioned to profit should shares of the underlying stock decline 6.05% from the current price to breach the effective breakeven point to the downside at $25.39 by expiration. Maximum available profits of $3.39 per contract pad the investor’s wallet if Vale’s shares plummet 18.6% to $22.00 ahead of expiration day in July. In contrast to the bearish put spread, another options strategist initiated a bullish risk reversal, selling 4,000 puts at the July $25 strike for a premium of $0.57 each, in order to purchase the same number of calls at the higher July $30 strike for a premium of $0.46 apiece. The responsible party pockets a net credit of $0.11 per contract, and keeps the full amount as long as Vale’s shares exceed $25.00 through July expiration. Additional profits accumulate if shares of the underlying stock rally 11% to surpass the $30.00-level by expiration day next month. Options implied volatility on Vale SA is higher by 7.7% to 46.29% just before 3:40 pm (ET).

TIVO – TiVo, Inc. – Shares of the provider of technology and services for TiVo® subscription-based digital video recorders shot up as much as 8.25% today to touch an intraday high of $8.26 on speculation DirecTV is considering a buyout. The rally in the price of the underlying stock and takeover chatter inspired bullish options activity on TIVO during the session. One long-term optimist purchased a plain-vanilla debit call spread to position for sharply higher shares by expiration in January 2011. The investor picked up 1,000 calls at the January 2011 $11 strike for a premium of $1.16 each, and sold the same number of calls…
continue reading


Tags: , , , , , ,




Bank of America Bear Cleans Up

Today’s tickers: BAC, FXY, VALE, ATPG, CAT, EBAY, CSCO, KG, NE & AGN

BAC – Bank of America Corp. – Activity in out-of-the-money call options on Bank of America in the first half of the trading session appears to be the work of an investor taking profits on the closing purchase of a previously established bearish short call position. BAC’s shares surrendered 1.85% today to stand at $15.88 as of 2:45 pm (ET). It looks like the investor originally sold 20,500 calls at the November $24 strike for an average premium of $0.37 per contract back on April 28, 2010, when shares of the underlying stock were trading at a volume-weighted average price of $17.73 each. In the past four weeks since the initial sale of the calls, Bank of America’s shares declined 12.12% down to the current price of $15.88. The call seller was properly positioned to benefit from share price erosion, and today was able to buy back the same call options for just $0.10 apiece. Thus, the closing purchase of the calls yields net profits of $0.27 per contract to the responsible party.

FXY – CurrencyShares Japanese Yen Index Fund – A sizeable debit call spread enacted on the FXY, an exchange-traded fund designed to reflect the price of the Japanese Yen, indicates one options strategist is expecting shares of the underlying fund to rally sharply by expiration in January 2011. Shares of the fund are currently up 0.18% at $109.14 as of 1:52 pm (ET). The investor purchased 8,709 calls at the January 2011 $110 strike for a premium of $4.40 apiece, and sold the same number of calls at the higher January 2011 $125 strike for $1.00 in premium each. The net cost of the transaction amounts to $3.40 per contract, thus dictating a breakeven price – above which profits start to accumulate – of $113.40. Shares of the FXY must rally at least 3.90% from the current value of $109.14 before the responsible party starts to make money. Maximum potential profits of $11.60 per contract are available to the spread trader if shares jump 14.53% from the current value of the fund to $125.00 in the next eight months to expiration. It does not appear the fund’s share price has ever exceeded the current 52-week high of $115.40, attained back on November 30, 2009.

VALE – Vale S.A. – Shares of the world’s largest…
continue reading


Tags: , , , , , , , , ,




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…
continue reading


Tags: , , , , , , , , ,




Options Trader Sends Bullish Signal by Enacting Ratio Call Spread on Salesforce.com

Today’s tickers: CRM, CPB, VALE, GDX, CNX, SLV, OSIP, BONT, UA & XRT

CRM – Salesforce.com, Inc. – A large-volume ratio call spread on the provider of customer relationship management services this afternoon implies one options investor expects CRM shares to rally significantly by August expiration. Salesforce.com’s shares increased as much as 1.83% today to reach a new 52-week high of $81.23 during the current session. According to a Reuters report this weekend, analysts at Deutsche Bank maintain their ‘buy’ rating on the stock and raised their share price target on CRM to $110 from $100. The optimistic options trader populating the stock this afternoon purchased 13,000 calls at the August $85 strike for a premium of $5.00 apiece, and sold 26,000 calls at the higher August $100 strike for $1.05 each. Net premium paid by the investor for the transaction amounts to $2.90 per contract. Maximum available profits of $12.10 per contract accumulate for the trader if shares of the underlying stock surge at least 23% from the new 52-week high of $81.23 to reach $100.00 by August expiration. The investor starts to make money as long as CRM’s shares trade above the effective breakeven point at $87.90 ahead of expiration day.

CPB – Campbell Soup Co. – Options traders anticipating a sharp increase in the price of Campbell Soup Co.’s shares by November expiration scooped up record numbers of call options on the global manufacturer and marketer of branded convenience food products today. CPB’s shares traded 0.25% higher in late afternoon trading to $35.45, which is just off their current 52-week high of $35.80 (attained back on December 2, 2009). Campbell-bulls purchased approximately 5,200 calls at the November $40 strike for an average premium of $0.55 per contract. Investors holding these contracts are prepared to profit should Campbell’s share price jump 14.4% from the current price to exceed the average breakeven point to the upside at $40.55. Investors exchanged roughly 5,925 option contracts on CPB during the trading session, which represents 56% of the total existing open interest on the stock of 10,567 lots.

VALE – Vale S.A. – Diverse bullish options strategies employed on Brazilian metals and mining company, Vale S.A., today indicates investors are expecting the price of the iron-ore maker’s shares to appreciate in the next few months. Vale’s shares rallied 1.20% at the start of the session to an intraday high – and new…
continue reading


Tags: , , , , , , , , ,




 
 
 

Politics

 

Why Biden’s threat to slap Russia with more sanctions is unlikely to deter Putin in Ukraine

Biden and Putin held a virtual summit on Dec. 7, 2021, to talk about Ukraine. Mandel Ngan, Mikhail Metzel/Sputnik, AFP via Getty Images

Courtesy of David Cortright, University of Notre Dame

The Biden administration is threatening harsh, “high impact” sanctions against Russia if it invades Ukraine.

U.S. intelligence officials say Russia ...



more from Politics

Phil's Favorites

Last Friday, There Were 585 New 52-Week Lows on the Nasdaq Stock Market - Versus 12 New 52-Week Highs

Courtesy of Pam Martens

Jeremy Grantham Being Interviewed on Wall Street Week, November 12, 2021

Last Friday, December 3, 2021, the Nasdaq stock market recorded 12 stocks setting new 52-week highs in contrast to 585 stocks setting new 52-week lows. Let that sink in for a moment. There were 48.75 times more stocks setting new 52-week lows than were reaching new 52-week highs. That extremely negative reading of market breadth came on a day when the Nasdaq closed down just 1.9 percent. Ima...



more from Ilene

Zero Hedge

GSK Claims New Anitbody Drug Is Effective Against Omicron

Courtesy of ZeroHedge View original post here.

GSK has just released more data on its new COVID antibody-drug and - surprise, surprise - the company and its American partner claim there is no evidence that the drug is less effective against the omicron variant.

GlaxoSmithKline and Vir Biotechnology released the updated preclinical data early Tuesday in the US. The data showed that the pair's investigational monoclonal antibody sotrovimab continues to show "in vitro activity" against the full known omicron spike protein, according to a statement. This includes 37 identified mutations of the spike protein. Although none of this data has been published in a p...



more from Tyler

Biotech/COVID-19

Antibiotic resistance is at a crisis point - government support for academia and Big Pharma to find new drugs could help defeat superbugs

 

Antibiotic resistance is at a crisis point – government support for academia and Big Pharma to find new drugs could help defeat superbugs

Bacteria that are resistant to every available antibiotic in the U.S. already exist. Rodolfo Parulan Jr/Moment via Getty Images

Courtesy of Andre Hudson, Rochester Institute of Technology

Antibiotic resistance poses one of the most important health challenges of the 21st century. And time has already run out to stop its dire consequences.

The rise of ...



more from Biotech/COVID-19

Chart School

US Reserve Asset vs Gold and Silver

Courtesy of Read the Ticker

Gold and silver move relative to US interest rates and the US Dollar.

So lets use a custom index of US dollar and US 10 yr interest rates and see what happens.


shrink










NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of ...

more from Chart School

Digital Currencies

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

 

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

Safe as houses? iQoncept

Courtesy of Jean-Philippe Serbera, Sheffield Hallam University

Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having tim...



more from Bitcoin

Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



more from Promotions

Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



more from Kimble C.S.

ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



more from ValueWalk

Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



more from M.T.M.

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...



more from Tech. Traders

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...



more from Lee

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.
...

http://www.insidercow.com/ more from Insider





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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.