Phil Davis Blog | Talkmarkets | Page 1
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Philip R. Davis is the founder of 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 and fund managers.

Mr. Davis is a serial entrepreneur, having founded software company ... more


Latest Posts
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GDPhursday – Dollar Dead-Cat Bounce Drops Commodities
The Dollar may have found a floor but probably not as it's down 5% in 50 days so up 1% (90.50) would be a weak bounce and 91.50 is the strong bounce line, which we already failed on the way down in early May. 
Malware Monday – Cyber Attack Cuts Off 45% Of East Cost Fuel
Cybersecurity is going to become a much bigger long-term cost for businesses.
TGIF – Working For The Weak End
We're down for the week. You wouldn't think so, listening to the pundits but we started the week at 3,916 on the S&P 500 (/ES), and this morning we're at 3,910. 
Retail Wednesday – Is America Shopping?
Retail Sales. They make up 60% of our GDP and December's Retail Sales were down 0.7% in December from the previous month, rather than up 3-4% as expected for the holidays.
Weakening Wednesday – Presidential Debate Spooks The Market
Debates are a time when we talk about what's wrong with the country and, unfortunately, there's a lot wrong with the country and neither candidate seems like the guy who's really going to fix it.
Troubling Tuesday: Oil’s Not Well
There's no big news but there's no good news likely to hit this week and the market momentum has shifted down a bit and we'll see if we test some support lines. 
Falling Thursday – Fed Fails To Firm Up Markets
We got the Fed's minutes yesterday, they were not helpful.
Which Way Wednesday - Fed Edition
30M unemployed is 1/10 of our fellow Americans and you know how many more businesses are struggling in your neighborhood.
Testy Tuesday – S&P 3,135 Yet Again
That's right it's Tuesday so the S&P must be testing the 10% line and last Tuesday we failed but the Tuesday before that we popped over so it's a real coin flip this morning.
Monday Market Movement – Futures Can’t Hold Gains
First you go low on high volume, then you go high on low volume.
Which Way Wednesday – Powell And PPI And $3Tn More Stimulus
The US is already running a $3Tn deficit in Q2 and no country in history has ever had to borrow so much money in such a short period of time so jacking that number up to $6Tn is concerning.
TGI Thursday – Up 20% From The Lows, What Happens Next?
China is helping out by sending Canada 8M masks so, while we are distracted, Trump is alienating our allies and sending them into China's open arms, further destabilizing America's position in the World.
Just Another Manic Monday As Congress Fails To Deliver Good News
This morning there are 349,211 Global Infections (42% more), 15,308 Deaths (68% more) and 100,165 Recoveries (18.5% more).
Federally Fueled Friday – Fed Buys A Rally For $1.5Tn – Will It Last?
After finishing down 2,000 (10%) points on the Dow and 260 (9.55%) on the S&P, this morning the futures are limit up.
Friday Failure As S&P 3,000 – What Next?
Well, you can't say we didn't see this coming.
$5,000 Thursday – Down We Go Again!
OPEC has already cut 2.1Mb/d in the past few years and now they are cutting 1.5Mb/d because there is still a glut but that means now there is 3.6Mb/d of spare capacity.
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