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Technical Tuesday -- Failure at 2,035 on the S&P

Phil Davis | Posted 10.20.2015 | Business
Phil Davis

Wheeeeee, what fun!   As noted in our Weekend Portfolio Review, we are in CASH!!! so we really don't give a crap which way the market g...

The World's 7th Largest Economy is Junk -- Who's Next?

Phil Davis | Posted 10.16.2015 | Business
Phil Davis

Brazil's economy is the 7th largest in the world at $2.4Tn - that's above Italy, India, Russia, Canada, Australia and just under France ($2.8Tn) and the UK.

Earnings Iceberg Dead Ahead!

Phil Davis | Posted 10.09.2015 | Business
Phil Davis

Wow, what a rally! Yeah, yeah - go markets, BUYBUYBUY!!!  OK, now that we have that out of our system, how about we take a deep breath and ...

Will We Hold it Wednesday: S&P 2,000 Edition

Phil Davis | Posted 10.07.2015 | Business
Phil Davis

"Look for the big W." It's the plot of "A Mad, Mad, World" and also the chart pattern we're getting as the S&P 5...

Fedapalooza Friday: 6 Fed Speakers Flap the Markets

Phil Davis | Posted 10.02.2015 | Business
Phil Davis

What are these people so terrified of? Clearly the markets are not allowed to have even a normal correction before the Central Banksters le...

Testy Tuesday -- Double Bottom or Look out Below?

Phil Davis | Posted 09.29.2015 | Business
Phil Davis

This is not a pretty chart.

Hedging for Disaster -- NOW Are You Ready to Listen?

Phil Davis | Posted 09.27.2015 | Business
Phil Davis

As you can see from Dave Fry's S&P 500 chart, we're barely down on the S&P from where we were on September 4th, so you'd think our bearish hedges wouldn't pay off -- BUT YOU'D BE WRONG!

Which Way Wednesday: Super Mario to the Rescue?

Phil Davis | Posted 09.23.2015 | Business
Phil Davis

Up and down we go. Where we stop, no one seems to know.  Mario Draghi is speaking at 9 a.m. this morning and, now that the Fed has put off ...

Tumblin' Tuesday -- Back to Bouncing (We Hope!)

Phil Davis | Posted 09.22.2015 | Business
Phil Davis

As I've noted over and over again -- it's very difficult to fix your portfolio after the fact -- which is why you need to learn to hedge your positions properly.

Falling Friday: Fed Fails to Inspire Confidence

Phil Davis | Posted 09.18.2015 | Business
Phil Davis

We caught a very quick ride down to 1,175 where the profit on two contracts was $2,500 on /TF and $2,000 on /YM and I sent out another tweet at 3:30 noting we called for taking the quick gains off the table - making $2,500 in 25 minutes - nice work if you can get it.

Faltering Thursday -- Fearing Fed's Forthcoming Failure

Phil Davis | Posted 09.17.2015 | Business
Phil Davis

This stuff isn't complicated folks, we read the news and, when we think we know what's going to happen next AND we can see an opportunity to make a nice trade to take advantage of it -- we go for it.

TGIF! Thank God We're in CASH!!!

Phil Davis | Posted 09.11.2015 | Business
Phil Davis

As investor pessimism spreads to the smaller developing economies, capital outflows are deepening. Exchange-traded funds that invest in emerging markets recorded withdrawals of $1.65Bn in the week ended Sept 4th, the 10th week of outflows.

Thrilling Thursday: The Wild Market Ride Continues

Phil Davis | Posted 09.10.2015 | Business
Phil Davis

We're in cash, so we don't care. That's right, remember how we cashed out last week and how we had those disaster hedges in Friday m...

Back to Cash, Back to Basics -- Buying Stocks for a Discount

Phil Davis | Posted 09.07.2015 | Business
Phil Davis

It's a very choppy market and we've gone mainly to cash, but that doesn't mean we won't be agreeing to take other people's money in exchange for our promise to buy their stock if it gets 20% cheaper than it is now.

Hedging for Disaster - 3 Ways to Save Your Assets in a Market Collapse

Phil Davis | Posted 09.04.2015 | Business
Phil Davis

I sent out Alerts this morning that we will be cashing out our main Virtual Tracking Portfolios ahead of what we consider market conditions that are simply too unsafe to hold large, bullish positions in.

Will We Hold It Wednesday: Weak Bounce Lines in Play

Phil Davis | Posted 09.02.2015 | Business
Phil Davis

This is turning into a tragedy: We really don't want to see 1,850 back in play on the S&P after failing to hold our strong bounce l...

Tricky Tuesday -- The Stock Market Facade Quickly Fades

Phil Davis | Posted 09.01.2015 | Business
Phil Davis

Wheeeee, what a ride!   Already this morning we're down about 2.5% in the Futures after a very disappointing close yesterday when the F...

China's $200Bn Manipulation Not Enough -- Now What?

Phil Davis | Posted 08.31.2015 | Business
Phil Davis

The fact that Netflix (NFLX) rocketed back to $117 (we're short) and Tesla (TSLA) zoomed back to $248 and Amazon (AMZN) jumped back to $518 makes me think traders have learned NOTHING from the crash and are right back to overvaluing momentum stocks.

Black Monday for the Markets: China Fails to Hold the Line

Phil Davis | Posted 08.24.2015 | Business
Phil Davis

Chinese farmers don't understand that the leveraged investing products they bought have completely wiped out their money, even though the commodities they played are "only" down 20%.

S&P Faces Critical Test at 2,060 -- Will China Save Us?

Phil Davis | Posted 08.20.2015 | Business
Phil Davis

Here we go again! The S&P Futures are re-testing that 2,060 level, which is 20 points below the 200-day moving average and, more importantly, 35...

Tuscaloosa Marine Shale Fracking Slows as Operators Watch Oil Prices

Susan Buchanan | Posted 04.10.2015 | Business
Susan Buchanan

When crude oil prices sank this winter, companies scaled back their fracking plans in the Tuscaloosa Marine Shale deposit, running from central and southeast Louisiana into Mississippi. Exploration and drilling is mostly on hiatus there until crude rebounds, industry members said last week.

The Rules of Investing: Ignore Them at Your Peril

James Berman | Posted 01.09.2013 | Business
James Berman

Should investing be governed by simple rules? It not only should be. It must.

The Jamie Dimon 'Puppet Show'

Raymond J. Learsy | Posted 08.14.2012 | Business
Raymond J. Learsy

Words like "too cozy" and "ridiculous" were among the adjectives applied to the testimony of Jamie Dimon before yesterday's Senate Banking Committee Hearing. It is one example of the frustration felt by those who wanted answers to hard questions.

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

Europe: Lacking a Long-Term Solution

Gemma Godfrey | Posted 10.14.2011 | Business
Gemma Godfrey

Over the last few days we have seen a tremendous amount of volatility in the markets, epitomizing the lack of clarity with which many investors have struggled.