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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

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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.
Whipsaw Wednesday – Wild Market Swings Continue
Is the Fed's 0.5% rate cut enough to save us? Well, it wasn't when they had emergency rate cuts in August of 2007or in January of 2008 or in October of 2008.
Faltering Friday – Weak Week Ends In A Whimper
We had a nice rally Wednesday and Thursday, after the Fed Minutes but that's gone now and we're back where we were on the 10th – two wasted weeks in the market.
Valentine’s Day Virus – Dow Has 30,000 In Site
The Nasdaq is, in fact, 5% higher than it was before the virus outbreak and 7.5% higher than it was when it sold off on that news.
$10,000 Thursday – Hedging Pays Off – Again!
300% of their GDP is debt and half of it has been added since the Financial Crisis (10 years) so we're talking about $23 trillion in debt added in 10 years, which is about 15% of China's GDP added in debt each year to hit their 7% growth targets.
Worry-Free Wednesday?
Not much point in even tracking the virus, which is now called Covid-19, since it doesn't seem to be able to affect the markets or, as Powell said yesterday, whatever economic damage is done, China will make it up with stimulus.
GDPhursday – Is The Rally Getting Old Or Is It Just A Virus?
1.7% is the Fed's most recent estimate for our Q4 GDP and you would think they would know but this is just the first estimate for Q4 – so the number we hear this morning is a lot more like a guess than a statistic anyway.
Technical Tuesday – Recovering Already?
Natural Gas (/NG) Futures cross back over the $1.90 line – with tight stops below that line. Having the flu doesn't make you sit in a cold house, does it?
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