Phil Davis | TalkMarkets | Page 43
Owner, Phil's Stock World
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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 Accu-Title, a ...more

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Technical Tuesday – 1,880 Or Bust Again – China’s Melting Away!
What total BS this market is. NDX fell all the way to 3,480 yesterday but finished the day at 3,556, recovering 76 points (2%) in two hours. Hey, a few more days of gains at that rate and we'll be well over the 1999 highs – GO MARKETS!!!
Monday Market Manipulation – M&A News Keeps Things Hot
Pfizer (PFE) may buy AstraZeneca (AZN) for $100,000,000,000.00!!! That's a lot of money! That's also the same rumor (now more solid) that goosed the market last Monday...
Friday Failure – 1,880 Is A Bust!
With 204 of the S&P 500 now reporting 68% (139) have beat earnings estimates BUT only 44% (90) have beaten on revenues. It's yet another year of cost-cutting and share buy-backs to boost earnings per share with no actual growth in real earnings yet the market, overall, is up 35%
Thrilling Thursday – Our Apple Trade Of The Year Pays Off Early!
AAPL was our 2014 trade of the year, so we are thrilled with their Q1 earnings and expecting to see $600 on this run (I sent an Alert to our Members early this morning and you can see it on Twitter as well) detailing our strategy as well as discussing PSW's Rule #1 and it's practical implications.
Will We Hold It Wednesday – S&P 1,880 Edition
What a recovery! Things are so good, they could hardly be better – as long as we ignore the non-existent volume that this house of cards is being built on, of course. 80M shares traded on SPY is half of the volume we got during the sell-off but it doesn't take 2 up days to make up for one down day – not at all.
Testy Tuesday – Yesterday’s Volumes Made Monday Meaningless
65M was the total volume for SPY for the day and, as you can see from the volume bars, almost all of that came early in the morning, followed by a dead afternoon in which we drifted higher on NO volume at all.
Thank Yellen It’s Thursday!
What a turnaround! We knew Yellen's speech yesterday would boost the markets but – WOW! We didn't have to hear what she actually had to say, of course, the Futures popped the S&P up to 1,855 and we finished the day at 1,862, well over our strong bounce target for the week.
Which Way Wednesday – Beige Books And Strong Bounces
As you can see from Dave Fry's SPY chart, we went up in the Futures 30 S&P points and then we fell from the open 30 S&P points and then we recovered into the close 30 S&P points. This is what we call a "Bugs Bunny Market," where Bugs throws a switch and people stamped in and out of the theater - and it's not usually a good thing.
Testy Tuesday – Tax Day Edition
Time to pay your taxes. But, fortunately, it's still not time to pay the piper for all that money we're borrowing to goose the economy.
Monday Market Movement – Down But Not Out
After a very ugly week, what's in store next? This is one very ugly chart with an almost 10% drop on the Nasdaq and the Russell but that's GOOD news as it's about where we expect the Central Banksters to step in and do something, before things turn more ugly.
Friday Failure – JP Morgan Misses Big!
Wheeeeee – down we go again! I hate to say I told you so but — no, actually I'm loving this one… In fact, JPM specifically was our earnings short of the week.
Fed-Fueled Thursday – Do We Have Enough Thrust?
Wow, what a recovery! I mean we expected a bounce yesterday on Monday, when we pointed out that there were 3 Fed Doves in a row speaking after the release of the minutes but – WOW! – that was pretty extreme.
Wednesday Weakness – Will The Fed Turn Us Back Up?
Wheeee – what a ride! As nasty as our Big Chart looks at the moment, we only have two Vomiting Cobra Patterns (Nasdaq and Russell) while the other three indexes are still forming Spitting Cobras, which are only LIKELY to head lower.
Technical Tuesday – Small Correction Or BIG TROUBLE?
We couldn't be happier, of course – as we were feeling a little silly having cashed out a month ago, with the market making new highs on us.
Monday Markets – Guiding In For A Crash Landing?
It's earnings season again! Guidance has gotten uglier, as evidenced by this FactSet chart. These are those annoying Fundamentals I keep whining about while everyone else is trying to have a good time betting on the bull market lasting forever.
Non-Farm Friday – Is America Working?
As you can see from Dave Fry's SPY chart, we're running up on ZERO volume in the Futures and then we sell off all day on very low volume (because there are no buyers and the Funds are exiting slowly)
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