Phil's Stock World, Stock Options Trading & Information

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Wow, Phil, we pretty much made your levels. Your levels: Dow 7,404, S&P 775, Nas 1,466, NYSE 4,839 and RUT 402 My sceen is showing: Dow 7,404, S&P 777, Nas 1,462, NYSE 4,868 and RUT 404

- Jordan

Brilliant covering of the arcane, the profane , but never the mundane! Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.

- Seeking Truth

Thx Phil. Lightly moving in the bullish direction. Took PFE for $14.35 and sold the Jan 11 C/P for $2.85 giving me a net entry below Mar 09 low. And I bought back those calls on BTU and JPM I asked about the other day and am leaving them uncovered for now, so feeling better. Still just learning the rhythm. In the three months I have been using your system, my little portfolio is up 9.9%, so not only am I learning, but I am APPLYING that knowledge, and it's paying off. Thanks.

- Hoss

Sold out my AAPL mar95 calls. Up over 100% today on them!

- Singapore Steve

I think that Phil is super, I am up 39.3% YTD. Thank you for your kindness and the opportunity to observe Phil from February.

- KMisko

Just closed out my V put for 50% in 24 hours thanks Phil!

- Humvee

Peter D: great write-up for Short Strangles, Part 1, looking forward to Part 2, particularly the adjustment part.

- RMM

Phil Thank you very much, I appreciate your help and wisdom.

- CdsdpDean

I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?

- Bill Hoffman

thanks for the DNDN recommendation last week phil. that was moneeeee….

- Kwan

Hello Phil, Thanks for the heads up on the comming sell off on friday, and the bs job yesterday. your our guiding light!

- Microflux

Hi Mr. Phill, I am a Venezuelan lady tormented by our politicall situation, who use to be an emerging market trader, and many other executive positins in the finance "arena" and now is trying to built a new concept and service for asset management for clients on my own, I am in the trial and learning process at the moment, I also invest for some friends and myself. I want to congratulate you , because reading you fill my days with a touch of irony (besides ,of course the spectacular market insight) that happens to give me energy, its a joy the remarks and comments even the pictures used, sometimes I just read it for the fun, I completily agree with your thouhts, though we belong to totally different cultures and enviorements and certanly realities Your readings is like a little hand helping me out to be in the market and fight for my devastated country where every single day we looe inches and yards of liberty. You shoul try to writte a book!

- Mindeyes

Hi Phil, Thanks for the free disaster hedge ideas. I implemented variations of two of them on SDS bull call spreads and EEM bear put spreads (haven't done the TZA yet) and they really hedged my short term longs nicely today. Makes it seem a lot less like gambling. You are the man (of the people)!

- Howard Roake

I am an investor, not a trader. The information at Phil's World is top-notch and always relevant. It is great to see your website thriving.

- Prof

Gel1…..I've been here 6 months, mostly watching and learning. Lots of smart people on the site and I've learned a lot from Phil and many others. //// Inflan - I have to trump your sentiments regarding the wisdom of the board. I have to thank Phil and the many contruibutors for a 80% profit for 2009. I have learned a lot and am still learning ( even occasionally about political issues - ha! )

- Iflantheman & Gel1

Simply the best blogger with the greatest group of members a person could surround himself with on trading day. I've been trading for quite some time now and the insights & suggestions offered by Phil and the members keep me on a continuous learning cycle.

- DDay

New member/1st time posting: Thanks Phil and Pharm for the rec on TOS. I've emailed Scott to get myself setup so I hope to hear back soon. As a newbie on PSW for a month now, I've been readin' and readin' and readin'. Gonna start paper-trading for a while. See how I do before putting a single dime into it. New at options but seems like this is the best training and educational platform out there. I'm a long-time mortgage broker who got too involved with real estate investing. LOVED your article, Phil, on mortgage interest scams. Right on!! Let me know if and how I can contribute back to the community here. Cheers! - Mark

- Mark

Phil, Passed a milestone today since joining 2 months ago. 25% of my account is in buy/writes, bull call spreads and disaster hedges. A majority of the trades were taken directly from your ideas or someone else`s contributions. Some were daytrades that became spreads. That part of my account is up 30% as of today. I don`t worry about it, or mess with it much, did a few rolls etc. Rest of the account is there to day trade, cover the writes and take advantage of opportunities. Thanks to everyone who contributes here, what a sweet way to trade, so many opportunities.

- Ben1Be

Phil - Moved today to send kudos. You're in my top 5 to see/read daily. I do not trade... but as former econ-finance adjunct faculty near Stanford U. I give you lots of attaboys.... and provide your links to many to spread some understanding of the mess we are in. Best to you and yours,

- HJ Kobbeman

Phil - Your logic not only makes sense, but it made a lot of premium profit for me over the past 12 months. I have recovered much of the massive equity losses of last year. My Monday play is the sale of long term puts on FXI. Love the premium!

- Gel1

Phil: well, often you say, just for FUN, great comment, TXS, closed 2 SKF positions, one with 10 % , the other with 6 % gain,

- RMM

Phil - I'm with you just little bit longer than a month and you can not imagine how happy I am now, and not just because my P/L improved ( and I'm sure that it will be even better), but I found that the worst thing in trader's carrier is a LONELINESS. Here I found so many bright good guys, I looked for this service for years. THANK YOU AND TAKE GOOD CARE OF YOURSELF BECAUSE I PLAN TO STAY HERE AND RIDE THIS CREASY MARKET WITH YOU FOR ANOTHER 20-30 YEARS

- Tchayipov

Kudos on the POT puts! I studied the charts last night and you couldn't have hit the inflection points more perfectly. Since there are often many head fakes in the charts, that was very well done. I know they can't all work this well, but that was an extra unexpected bonus yesterday.

- Ocelli7

Phil - DIA 107 Calls. As suggested I am taking the money and running to home depot for some shelter supplies! This is the grand finale of several successful trades from you through this roller-coster and as you have further suggested it is time for me to sit back and relax in cash. May even be able to talk my wife into the premium membership after these intelligent trades in a stupid market.

- DOStrade

Phil: I have 263 positions - 70% in options ( balance stocks) in three portfolios with a value of 3 mil. YTD profit is about $750,000. Thanks!

- Gel1

By the way thank you Phil for the DNDN idea. 3x till this morning and will 4x my small investment by next OE THANKS !!!!

- Microflux

I have been here a year, and made most of my money back from the 14K fall. The people here are more than willing to help whe Phil cannot get to it. FWIW - This site is my brokerage firm, I was with Wells Fargo Portfolio and it was costing a fortune to trade, the costs here are more than offset with the data, trade ideas and profits you should make.. and I get a chuckle out of Cap and Phil's rantings on healtcare, guns, oh, yeah, and government….

- Pharmboy

Phil & Ephmen85: I hadn't thought about selling the covered calls. That should be the easiest strategy for me since I'm a beginner. Thanks a bunch!

- JWick1981

I would like to thank Phil and PSW crew for the insight and assistance (even the liberals). In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.

- Texasmotion

I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership.

- TokyoLife

Posts Tagged ‘S&P 500’

SP 500 and NDX December Futures Daily Charts

by Chart School - October 20th, 2010 10:18 pm

SP 500 and NDX December Futures Daily Charts

Courtesy of JESSE’S CAFÉ AMÉRICAIN

The market is acting like there is a ‘Bernanke Put’ underneath it in the form of a handsome QE II to be unveiled at the FOMC in early November.

Meanwhile the financial sector is imploding because of the continual revelations of pervasive mortgage fraud.

It will be interesting to see if the PPT can hold things together until the November elections in the States.

Tags: December Futures Daily Charts, NDX, S&P 500

No Comments »

SP 500 and NDX Futures Daily Charts

by Chart School - September 23rd, 2010 3:15 pm

SP 500 and NDX Futures Daily Charts

Courtesy of JESSE’S CAFÉ AMÉRICAIN

SP 500

Except for perhaps some hedging or a daily ‘skin’ this is not a market to be shorted until the uptrend is broken. It is drifting higher on a steady short squeeze and light volumes in the kind of artificial action that is reminiscent of the 2004-2006 reflationary stock market rally fueled by Fed easy money.

An event can bring it down and quickly. But one can burn a lot of cash trying to pick a top ahead of the market signal that it has gone far enough. I do think that the two gaps will be filled, and that this market will retest its lows again. The timing is problematic, especially given the upcoming November elections. No president or Congress wishes to go into an important general election on the heels of a stock market crash. But this could serve the desires of those on Wall Street. So a continued rally is hardly a ‘sure thing’ despite the statistical profile of the SP 500 in the second year of a presidential term.

The SP 500 is up against resistance but the NDX has broken out cleanly. With relatively few risk-comparable productive outlets the excess of the easy money being fed to the Wall Street banks by the Fed is flowing into the higher yielding ‘risk trades’ like junk bonds and equities. In the absence of a strongly directive fiscal policy and honest price discovery this is what happens when monetary stimulus is applied without a broader policy support. It is hard for real economic proposals to compete with a Ponzi scheme that insiders control and that has a de facto sanction and subsidy from the governing authority. And this then is the basis for Obama’s failure most likely sourced in his Wall Street friendly advisors, Summers and Geithner, and his own natural tendency to ‘go along to get along’ and sacrifice principle to expediency. This potential strength, the ability to find and form a consensus, can become a tragic flaw when carried to excess.

The NDX is a more obvious example of this reflationary risk trade.

NDX

Tags: NDX, S&P 500, Stock Market

No Comments »

Before the deluge

by Chart School - September 23rd, 2010 12:32 pm

Before the deluge

Courtesy of Allan

A great Jackson Browne song, before the deluge is what the following S&P weekly chart is suggesting may be the resolution of the past five months of pathetic sideways price movement:

Note the sideways pattern in mid-2007 lasting from August to December. The resolution was a 50% haircut in the SPX. Fast forward to 2010 and we see a similar sideways pattern lasting an almost identical 5 months. Notice how the SPX Trend Model remained SHORT in both instances, early in both and in retrospect, quite handy in the wake of prices eventually breaking down in late 2007.

The window is open for a repeat performance. [However]

Past performance is not a guarantee of future results.

Allan’s “Trend Following Trading Model,” is based on his trend-following trading system for buying and selling stocks and ETFs. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here. For more details, read this introductory article.

******

Tags: S&P 500, stocks

No Comments »

Market Still Deluding Itself That It Can Escape The Inevitable Dénouement

by ilene - September 13th, 2010 9:09 pm

Market Still Deluding Itself That It Can Escape The Inevitable Dénouement

Courtesy of John Mauldin, Outside the Box

One of my favorite analysts is Albert Edwards of Societe Generale in London. Acerbic, witty and brilliant. Emphasis on brilliant. The fact that he is a Doppelganger for James Montier (who long time readers are well acquainted with) is a coincidence (or he would say vice versa). I only kind of have permission to forward this note to you, but better to ask forgiveness… So, this week he is our Outside the Box. And a short but good one he is.

High angle view of glasses of red and white wine

I am in Amsterdam and it is late, but deadlines have no time line. Tomorrow more work on the book. It is getting close to the end. Most books are finished when the authors quit in disgust. How many edits can you do? I am close.

I wonder late at night, with maybe a few too many glasses of wine, why I feel like a book is so much more than an e-letter. Really? The last ten years of what I have written are on the archives. Good (ok, sometimes really good) is there. But some are an embarrassment. What was I thinking?

But somehow in my Old World brain, a book is more than a weekly letter. It is somehow more permanent than an “online” letter. Which may be archived forever. The book is “paper” and may be around for a few years. But the online version is here for a long time.

I know that is stupid. Really I do. But what is a 61 year old mind to do? A strange world we live in.

It is really time to hit the send button. More than you know! The conversation tonight has been too deep!

Your trying to figure out the purpose of life analyst,

John Mauldin

Market still deluding itself that it can escape the inevitable dénouement

By Albert Edwards

The current situation reminds me of mid 2007. Investors then were content to stick their heads into very deep sand and ignore the fact that The Great Unwind had clearly begun. But in August and September 2007, even though the wheels were clearly falling off the global economy, the S&P still managed to rally 15%! The recent reaction to data suggests the market is in a similar…

Tags: AAII, ALBERT EDWARDS, analysts, asset prices, bullish investors, Central Banks, Dylan Grice, earnings, economic recovery, Economy, Equities, equity market, global economy, government bonds, investors, John Mauldin, property prices, QE2, quantitative easing, S&P 500, Stock Market, technical extremes, the Federal Reserve

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SP 500 September Futures – Goal of 1100 Reached Inspiring Euro Confidence, Or Not

by Chart School - July 24th, 2010 7:04 pm

SP 500 September Futures – Goal of 1100 Reached Inspiring Euro Confidence, Or Not

Courtesy of JESSE’S CAFÉ AMÉRICAIN

The Merry Marketeers were able to coax the SP futures to the 1100 level, in a show of support for the results of the Euopean Bank Stress Tests. Huzzah!

The results were rather anemic, even given the somewhat unrealistic nature of the tests.

I can understand that they did not include a sovereign default by the likes of Greece, but that they included only the banks’ trading portfolios, and not their commercial loan portfolios, seemed almost astonishing.

Reggie Middleton does a good job discussing the European Stress Tests here and here

But in the meanwhile, the increasing trivialization of the capital markets by the financial engineers in the service of their nonsensical schemes seems more alarming than anything else I could imagine.

Can they do what they did in 2005, and break the market out to the upside and inflate yet another financial asset bubble? They may very well do this. And it will once again end badly, much worse than the last. But why should they care, or stop, while they continue to become rich?

Tags: bank stress test, Euro, financial asset bubble, futures market, S&P 500, Stock Market

No Comments »

DARK HORSE HEDGE

by ilene - July 18th, 2010 10:57 pm

DARK HORSE HEDGE 7-18-10

By Scott at Sabrient and Ilene of PSW

Friday gave us a real-time example of why we use Hysteresis* and confirmations from our technical signals, MACD 12-26-9 and RSI 14-day, to select and monitor the tilt (long-short ratio) of the Dark Horse Hedge’s portfolio.

The SHORT tilt Friday allowed us to make +1.37% from our 6 SHORT, 3 LONG positions while the S&P 500 gave back -2.88%. The economic data out Friday of course played a large roll in the failure of our indicators to turn from short to BALANCED. A sharp decline in the University of Michigan Consumer Index to 65 in July compared poorly with a June figure of 76 and Briefing.com’s estimate of 74.5. Google’s earnings miss didn’t help either as the S&P 500 fell through its short-term support area to close at 1064.88. The MACD reading is currently at -3.56 and RSI 14-day at 42.85 (bullish signal is above 50). The preponderance of evidence heading into the July 19 week is that the market needs to find support in the 1040 range.

Despite the poor economic data that pushed the market lower on Friday, 19 of 23 S&P 500 companies reporting thus far reported better than projected EPS, and 15 of them beat revenues as well.

Earnings reports will continue to flow in this week. In our portfolio Western Digital Corp (WDC, long position) reports profits on Tuesday while USG Corp (USG, short position) and Sun Trust Banks Inc (STI, short position) report their losses on July 22. We will continue to monitor the market action and look for guidance on entering new positions. Key support areas appear to be 1040, 1022 and then 995.

Dark Horse Hedge maintains 10% cash for swing trade opportunities and we are highlighting one for entry on Monday at the Open.

SHORT Terex Corp. (TEX) at the Open Monday.

TEX will report its latest loss figures on Tuesday, July 21. Twenty analysts project losses ranging from -$.15 to -$.44 with an average of -$.30. Looking back over the last four quarterly announcements, we see analysts often underestimate Terex’s losses. For example, in March 2010, analysts estimated -$.52 while the actual loss was $.64. In December 2009, analysts targeted -$.49 and TEX delivered -$.89. In September 2009, the loss was projected to be $.34 and the company came in at -$.77. In June 2009, investors were…

Tags: aiv, AMAG, analytical tools, chart, Dark Horse Hedge, Economy, HUSA, hysteresis, JOE, S&P 500, Sabrient, STI, stock, Stock Market, TEO, TEX, USG, WDC, XRTX

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SP 500 September Futures Daily Chart

by Chart School - July 13th, 2010 5:54 pm

SP 500 September Futures Daily Chart

Courtesy of JESSE’S CAFÉ AMÉRICAIN

Stocks were rallying today on optimism about earnings based on last night’s results from Alcoa and CSX.

After hours tonight Intel announced better than expected earnings and raised its forecasts. This caused the futures to gap open when they resumed trading. Here is what they look like now, after hours.

This has been a wicked rally off the lows. It *might* be getting towards a short term top, possibly tomorrow, but I would not want to get in front of it. Wait and see how the rally progresses.

Tags: Alcoa, charts, CSX, Jesse's Café Américain, S&P 500, Sept. Futures

No Comments »

IS THE “DEATH CROSS” A USEFUL INDICATOR?

by ilene - July 7th, 2010 1:11 pm

IS THE “DEATH CROSS” A USEFUL INDICATOR?

Courtesy of The Pragmatic Capitalist

At the March highs we were talking about death crosses. No, not death crosses in the S&P, but the death cross in the one equity index that has proven to be even remotely leading over the course of the last 5 years – China. Today, everyone and their mother is chattering about the death cross in the S&P 500. Is it of any use? Jeff Kleintop at LPL says it’s nonsense:

“While much is made of the “death cross” of the S&P 500 50-day moving average falling below the 200-day, it has actually been a buying signal during these periods in the past. A good example of this took place in 2004 when during the soft spot in the recovery the 50-day crossed below the 200-day on August 17, 2004, just as the S&P 500 had completed the low point of its soft spot pullback and embarked upon a double-digit percent gain over the next three months.”

Pierre Lapointe, a macro strategist at Brockhouse Cooper agrees:

“The death cross IS nonsense. They’re no better than a flip of a coin to predict future returns. Check out these odds: Since 1970, only 10 of the 21 occurrences actually resulted in a market pullback a month after the death cross. Three months later, the market was down only 43% of the time. With odds like this, don’t short the market. Go to a casino — you’ll have more fun.”

The S&P 500 and the U.S. equity market has not proven to be a leading indicator of much in recent years. Many even question its discounting capabilities at all. The moral of this story? Don’t wait until after a 15% decline in equities to jump on some technical analysis bandwagon. Especially one from an index that has proven to be a leading indicator of just about nothing.

Tags: death cross, equities market, S&P 500, Stock Market

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Dow October 1929 – October 1930 vs. 60 Minute S&P 500 Chart

by Chart School - June 9th, 2010 11:16 am

Dow October 1929 – October 1930 vs. 60 Minute S&P 500 Chart

Courtesy of Mish

The time scales are different, but the similarities in the historical DOW chart and a recent 60 minute chart of the S&P 500 are amazingly alike.

click on chart for sharper image

Although these types of direct historical comparisons have limited trading value, it is still interesting to see similar patterns repeat now and then. The market action from the high in April matches the market action from the October 1929 high almost perfectly (albeit on different time scales).

Should the pattern continue you might expect something like this.

Dow October 1929 – July 1933

click on chart for sharper image

The first chart ended October 1930, where the above red arrow starts. I am not calling for the pattern to continue, but I am certainly open to the idea that it could.

Mike "Mish" Shedlock

Tags: charts, DOW, October 1929, S&P 500, Stock Market

No Comments »

So, How Are Stock Prices Now That We’re Back At DOW 11,000? They’re 30% Overvalued

by ilene - April 11th, 2010 11:36 pm

So, How Are Stock Prices Now That We’re Back At DOW 11,000? They’re 30% Overvalued

Courtesy of Henry Blodget at Clusterstock/Business Insider

So, how do stock values look now that the DOW is back to 11,000?

Not outrageous. But certainly not cheap.

Measured using our favorite valuation technique, Professor Shiller’s cyclically adjusted PE analysis, the S&P 500 has a PE of 22X. The long-term average (1880-2010) is about 16X. The current level is actually close to the big bull market peaks of the past--with the exception of the gigantic one that peaked in 2000.

Check out the chart below, from Professor Shiller’s web site. The blue line is the cyclically adjusted PE ratio for the last 130 years. (The cyclically adjusted PE mutes the impact of the business cycle by averaging 10 years worth of earnings. This reduces the misleadingly low PEs you get at peak profit margins, like the ones in 2007, and the misleadingly high ones at trough profit margins, such as the ones we had last year).

Note a few things:

The long-term average for the cyclically adjusted PE is about 16X.
Stocks have spent vast periods above the average and vast periods below it, usually in multi-decade cycles
We’ve just descended from the longest period of extreme overvaluation in history, suggesting (to us, anyway) that the next multi-decade cycle is likely to be below average

…

Tags: Markets, S&P 500, Stock Market, stocks

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Phil's Favorites

Jobless Claims Improve, Leading Indicators Decline: Economic Report Card

September 22nd, 2011 5:36 pm

Courtesy of John Nyaradi.

Jobless claims improve while leading indicators decline in today’s economic report card

by Wall Street Sector Selector Staff

Weekly jobless claims declined to 424,000 from last week’s 432, 000 but stubbornly stayed above the all important 400,000 level for another week.

August Leading Indicators came in at +0.3% compared to 0.5% for July, as the economy continues registering weakness.

Good news came from July Home Prices which rose to +0.8% from the previously reported +0.7%.

But the biggest economic news of the week came yesterday when the Federal Reserve said it saw “significant downside risks to the economic outlook, including strains in global financial markets.”

Global stock markets responded negatively yesterday an...

Insider Scoop

Priceline.com Trades Higher on Q1 Earnings Results (PCLN)

May 5th, 2011 5:10 pm

Courtesy of Benzinga

Shares of Priceline.com Incorporated (NASDAQ: PCLN) are trading higher in the after-hours following the release of its Q1 earnings results. Currently, shares are up 2.74%, trading at $548.60; they closed the regular session down 0.67 %, at $533.97.

The company said that its Q1 EPS came in at $2.66 on revenues of $809.3 million; this compares to the Street's estimate of $2.46 per share on revenues of $779.5 million. Revenues rose 38.6% year over year.

"In the 1st quarter, the Group benefited from strong growth in our global hotel business, particularly at Booking.com and Agoda," said Jeffery H. Boyd, Priceline President and Chief Executive Officer.

He added, "Room nights booked grew by 55.8% and our international gross bookings grew by 79% compared to prior year...

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

Zero Hedge

Fukushima Explosion Update: Core Presumed Intact As Sea Water Used To Bring Temperature Down, Radiation Level At 1015 Microsieverts/Hour

March 12th, 2011 9:41 am

Courtesy of Tyler Durden

The damage control to the Fukushima explosion reported earlier is coming fast and furious. According to CNN, "the explosion at an earthquake-damaged nuclear plant was not caused by damage to the nuclear reactor but by a pumping system that failed as crews tried to bring the reactor's temperature down, Chief Cabinet Secretary Yukio Edano said Saturday. The next step for workers at the Fukushima Daiichi plant will be to flood the reactor containment structure with sea water to bring the reactor's temperature down to safe levels, he said. The effort is expected to take two days." While the government is trying to play down the threat from the explosion, it has nonetheless double the evacuation zone radius from 10 to 20 kilometers: "Radiation levels have fallen since the explosion and there is no immediate danger, Edano said. But authorities were nevertheless expanding the evacuation ...

Chart School

The Mega-Bear Quartet and L-Shaped "Recoveries"

March 12th, 2011 9:35 am

Courtesy of Doug Short

Note from dshort: I retired this chart series last summer in deference to my prefered inflation-adjusted series that aligns the S&P 500 2000 high with the Nikkei peak in 1989. However, I continue to receive requests for this version, despite the "V" shape of the the recovery since the March 2009 low. This chart series overlays the current S&P 500 with the L-shaped "recoveries" after the Dow Crash of 1929, the Nikkei 225 after Japan's 1989 bubble, and the post Tech Bubble NASDAQ. Click the chart below for a larger version and use the links to see various comparisons.

Click for a larger image

I've ...

Sabrient

Sabrient Risers - 3/12/2011

March 12th, 2011 12:00 am

Top 5 RisersStockRatingAnalysisVLOSTRONGBUYAn increasingly positive growth rate of past earnings, along with improving expectations for long term growth, make Valero a good prospect for high returns.KROSTRONGBUYKronos Worldwide has been gaining recognition from analysts as a good canditate for achieving higher than expected earnings along with higher overall projected valuation.SFIBUYiStar is one of the top candidates projected to achieve both higher than previously projected earnings in the short run and a higher earnings growth rate in the long run.AMATSTRONGBUYApplied Materials has been...

more from Sabrient

Option Review

Bulls Scoop Up Sprint Nextel Corp. Calls

March 10th, 2011 4:33 pm

Today’s tickers: S, FTR, JTX & SBUX

...

OpTrader

Swing trading portfolio - week of March 7th, 2011

March 6th, 2011 11:25 pm

This post is for live trades and daily comments. Please click on "comments" below to follow our live discussion. All of our current virtual trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options.

Please feel free to participate in the discussion and ask any questions you might have about this portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading portfolio (strategy, performance, FAQ, etc.), please click here

Optrader

Swing trading portfolio

One trade portfolio

...

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Stock World Weekly

March 6th, 2011 8:22 am

Here's the newest Stock World Weekly: Illusion Based on a Fantasy

Comments welcome... share your thoughts.

Download Newsletter 3/6/11

Stock World Weekly archives here >

...

more from SWW

Pharmboy

Biotech Junkies Update and Momenta Pharma Moving Forward

March 1st, 2011 9:42 am

February is now past, and the Biotech Porfolio is loaded with winners and a miss (PLX). MRK is down a bit, but I expect that trade to recover, and one could be more agressive and double down on it, or play another round at the Jan13 $30 options for roughly the same price. Below is the summary, and note the grey boxes are ones that did not fill. I am still a fan of BMRN, and like DEPO as well. Now let's look at a few others.

Table 1. PSW Biotech Plays Since January 2011

&amp;amp;amp;amp;amp;amp;amp;nbsp;

Our newest play is Momenta Pharmaceuticals (MNTA), who is pursuing a three-part business model which includes complex generic equivalents in partnership with the Sandoz division of Novartis, proprietary compounds, and follow-on- biologics (FOB). It seems that this company is tied up in competition/litigation wit...

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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...

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Ilene is editor and affiliate program coordinator for PSW. She manages the Favorites backup site (blogroll, archives, more). Contact Ilene to learn about our affiliate and content sharing programs.

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