Thanks to Phil again for the lessons on the art of the roll, selling premium and hanging tight under fire particularly in the first hour of trading-MADNESS. Hey Phil, Your HOV suggestion about 3 months ago basically paid for my Philstockworld subscription for years to come. I love volatile days like this when you can make a bunch of money on these big swings.

As long as you have Phil on your side calling the bottoms and the tops of course. Have a great weekend!! We keep a running archive of every single post and ever single trade idea since inception in November of ! This way you can see for yourself what you think of our picks! Do we need your credit card so you can look? No, why should we? The work should stand on its own.

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If you think our work will help you then you will want to join PSW. I love market bubbles — people just lose their minds!

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On the right is a picture of Jeff Bezos' desk, according to the MSM, as they speculate about which company Amazon AMZN will buy next now that they have devoured Whole Foods WFM. This, in turn, drives the price of these stocks and their sectors higher on an endless wave of speculation which then forces companies that are looking to make acquisitions to overpay for their targets — before things get too expensive and pretty soon everyone is buying everyone else.

Up and up the markets go, when the madness stops, no one knows. There's simply no reality to these market moves any more.

We just finished our May Portfolio Review and our net gain was only 2. These moves are not just mechanical and fake but obviously so but I'll bet you already forgot that we had this conversation last Mondaywhen I said:. If we make a strong bounce 5, today, then all of Friday's sell-off can be quickly forgotten but failing the weak bounce would be a bearish sign and we'd be looking for other indexes to short as well.

You can see why we remain skeptical, right? The trick is to …. And we're done being bullish. It was a fun couple of days but I cannot, in good conscience, maintain a bullish stance into the weekend uncertainty. In the past month, the Atlanta Fed has dropped their GDP forecast from 4. I'm not advocating shorting stocks other than TSLA, of coursethat's how people got destroyed in And that's what I want to stress this morning — protecting your gains with hedges.

Hedges are not supposed to make money, they are insurance plays that help you lock in your unrealized gains when the market does correct on you. It's very dangerous to be overly complacent about your profits, they can evaporate very quickly just ask millions of trades who thought they were rich in and found out they weren't in Gains should be appropriate to what you have at risk.

When I was being interviewed at the Nasdaq on May 30thwe talked about hedging our Nasdaq-heavy portfolio I run one …. Wheeee, this is fun!

It's not an indictment, it's just a probe but now we know why Trump wanted to fire Special Investigator Mueller the other day — apparently he wasn't loyal to Trump either and he's now officially investigating the President for the obstruction of justice the President has already bragged about when he said to the visiting Russians:.

He was crazy, a real nut job. Oh sorry, that last word might not have been a direct quote — just stating the obvious. Of course, if you are in the Top 0. That's it, the bears are dead.

We'll still keep our hedges, just in case, but we're certainly not going to be looking for new shorts in this style market that goes up and up and up some more. Every dip is a buying opportunity and you could already see this week how every dime that flowed out of the Nasdaq went right into other stocks, boosting the other indexes to all-time highs.

That's OK though because, as noted yesterday, we have PLENTY of ways to profit from a continuing bull market and we do have lots of hedges so we will SLOWLY deploy some more cash and just see if we can ride this wave until it finally breaks. Oil is down on strong builds indicated in last night's API Report but we think the Another day until the Fed's pronouncement but already we seem to be drifting aimlessly along with all of our indexes flatlining since yesterday's pumped-up close.

Bloomberg had a nice run-down of the status of the major Central Banks — unfortunately in the context of how totally screwed we all are after 8 years of ZIRP financing where all roads lead to inversion and, most likely, Recession.

At the same time equities are boiling over at record highs, Team Trump is doing its best to take the shakles off the Banksters by rolling back Dodd-Frank which, as noted by Business Insider's Pedro da Costarisks " another Lehman Brothers but on a larger scale.

Simon Johnson, who was Chief Economist for the IMF agrees with what I said on Fridaystating that the latest proposal is " a dangerous plan for financial deregulation [where] the primary beneficiaries would be the big banks. The current Vice-Chairman of the Federal Reserve, Stanlely Fischer warned the President that rolling back reforms poses a serious risk to the entire Financial System:.

Millions of people lost their jobs, millions of people lost their houses. When did this country decide to enter into a suicide pact? We're tearing down the regulations that protect us from harm and destroying the environment while breaking off long-standing relations with our allies — and it's only Day — not even a baseball season!

I'll be George Steinbrenner would have fired Trump by now. What baseball team would keep a guy like that? The House voted yesterday to repeal much of the Dodd-Frank Act the one that was meant to protect us from another Financial Crisis by creating the Orwellian-named Financial Choice Act, which was unanimously opposed by Democrats because " it is bat-shit crazy. Or maybe I'm wrong — how is that trickle down thing working for you so far?

To get into the Top 0. THEN you will get the attention of a Congressman! What to talk about first? We already got the text of Comey's opening statement, which sounds like a meeting out of share market basics in hindi pdf free download Godfather — you're not going to nail Trump on what he said — he's had too much practice at that.

Trump even told Comey he wasn't stupid buy stocklots europe to get his hookers in Russia because he assumed he was being filmed at all times. Trump has always been known for his skill at avoiding prosecution — he's not going to slip up now. What matters is actions and the question is, did the President's actions amount to obstruction of justice and did Jeff Sessions engage in a conspiracy to obstruct justice when easy ways to make money in mafia 2 ignored the request by the FBI Director Comey to prevent any further contact between the President and Comey?

Since Comey was already concerned about being influenced and Sessions and Trump continued with the harassment same rules as sexualdid they create a hostile work environment for Comey leading to foreign exchange in india wiki improper firing?

This will obviously go on for a while and all this is a distraction from the real investigation as to how deeply Team Trump was tied to Team Putin during the elections. Speaking of passes, I'm not giving one to Sessions and neither is Samantha Bee, who came out strongly against his renewed war inc market mars stock ticker drugs in last night's show and made many excellent points:.

Of course the entire Administration's agenda is essentially …. This is a good day to take off. I can't take off because I'm doing a Live Trading Webinar at 1pm, EST all are welcomewhere we will be showing people NewsWare — the best way to get the FACTS in real stock market seminars texas. Other than that, though, we don't expect much action today at tomorrow we have Jame's Comey's testimony, the UK election and the ECB rate decision.

The Euro didn't wait and dropped half a point this morning as the UK is in electoral turmoil while Draghi has given every indication that "easy" is his only setting. That's punched the Dollar up we're longgiving us a nice start to the morning. In the shorter-term, the World Economic Forum projects a loss of 7. Just last night, Elon Musk was talking about rolling out electric, self-driving trucks that would eliminate the need for 3. Fortunately, Congress is on the case with the House having passed a bill to ….

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Will this market ever go lower? If not, it's very easy to make money in a never-ending bull market. Making money in a bull market is easy, the trick is not losing it when the market turns sour! We only had 3 losing Top Trade Ideas out of 14 in the first two months of and one of them was a Russell TZA hedge, which was SUPPOSED to lose money if the market went up. By funneling a percentage of our profits into well-constructed hedges, we are able to lock in a substantial portion of our gains against a downturn.

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We had that tested a few weeks ago when the market dipped and our portfolios passed with flying colors.

In fact, we actually make more money on the way down than we do on the way up because we're tilting bearish with some highly-levered positions but we did have to adjust a few last week to reflect the possibility that this market is going to keep going higher earn money by writing poetry higher and never ever stop — because that's kind of how it feels at the moment.

Never before have so many people paid so much money for such little earnings! When the DotCom bubble burst in…. Top Trades has become one of Philstockworld's most popular Memberships and that's a shame because I actually hate trading services that just give out trade ideas. Unfortunately, that's what the market demands and, though Top Trade Members miss out on the trading education and deep discussions we have in our Live Member Chat Room, they usually earn money cyber sex get a lot of great trades.

We began Top trades in August qualification of a stock broker and year one saw 96 out of Trade Ideas That's an official add for our LTP!

Obviously, the situation has much improved, despite the recent pullback. The secret to …. As noted in the Fed's Beige Book which we discussed in Wednesday's Live Trading Webinarlow unemployment is restraining growth due to a lack of qualified applicants. Low immigration isn't helping either — to the point of crops rotting in the fields due to lack of laborers. The Fed is becoming very concerned about rising wage pressure, which can quickly stock market seminars texas into Corporate Profit Margins — especially when they are still having trouble pushing price increases through to the consumers.

What we really have is a net loss of 8. Restaurants are doing what every industry will have to do in a tight labor market, they are raising prices and HOPING not to lose too many customers as a trade-off. Unfortunately for restaurants, food at home is getting cheaper at the same time — making the trade-up to a meal out a more and more expensive decision for consumers.

The pain is spreading to suppliers. The average price of a restaurant charles schwab stock trading fee has risen Here we go again.

As the Fed's Neel Kashkari said about housing prices: Everyone can recognize a bubble after it bursts, and then many people convince themselves that they saw it on the way up.

As noted by Scofield, it's really not hard at all to see when you are in a bubble, the hard part is predicting when they will finally burst. Housing prices jumped 7. After all, what else matters in life but how much money you make, right? Of course right — you voted for it! Some regions are more bubbly than others, mostly in Texas fx canada live stream online out west Seattle, Denver, San Francisco with massive gains since the last bubble burst.

The new Beige Book is here! See last week's Reports for options trade ideas we had for the Oil USO and Gasoline UGA ETFs at these levels as well as UVXY, which is still playable.

I set up a link you can follow right here from our Live Member Chat room which lays out our 3 hedging ideas. I was just the 8: At risk of having yet another post censored for political content, I will mention that Trump just pulled the US out ….

After a relatively calm couple of weeks while the President was in Europe, we're back to the National nightmare of dealing with an Administration in turmoil Trump now has a "war room" dedicated to staving off negative reports about his ties to Russia — at your expense, of course with Trump's son-in-law, Jared Kushner, now under direct investigation and there are rumors of a major staff shake-up as suspected leakers are being fired now that the boss is back in town.

There are as yet unsubstantiated claims that Trump is now under indictment for his ties to Russian mobsters but a sitting President has immunity so the case is "on hold". Last week, the Trump campaign released an email to supporters entitled " SABOTAGE ," in which the campaign said, " There are people within our own unelected bureaucracy that want to sabotage President Trump and our entire America First movement.

The White House has yet to announce any terminations or staff realignment. This kind of stuff is not really good for investor confidence. This is gettting interesting, isn't it? Jared Kushner, Trump's son-in-law, is now a " person of interest " in the FBI investigation into the Trump Administration's Russia ties.

That doesn't mean he's guilty but it does mean the investigation has moved closer to the President — to the guy married to his daughter, in fact. The records of records of both Manafort and Flynn have been demanded by grand jury subpoenas, NBC News has reported. Gorkov studied at the training school for the FSB, one of Russia's intelligence services. Meanwhile, why are you here?

It's the Friday before a 3-day weekend, we didn't become investors so we could work every day, did we? Go have some fun — I'm already on vacation, writing from my hotel room like a sensible fellow. Yesterday's big story was the collapse of oil after the OPEC meeting. The Futures went flying this morning. Apparently, after having a strong day in the US yesterday and despite the Fed minutes that indicated imminent tightening, China decided to stick it in Moody's eye by strengthening the Yuan to boost their own markets.

The move drove the Shanghai Composite 1. Citibank agrees with me there, saying: This increases the risk of a September announcement relative to our current view for an announcement in December.

The chart above is not complicated, Fed tightening ALWAYS leads to recession grey lines and recessions are rarely more than 10 years apart. The markets are very likely enjoying their last harrah at the top but my advice is to SELL IN MAY get back to CASH!!! And here we are, yet again. As I said yesterday and the 4 Tuesdays before thatwe'll keep shorting at the top until it stops working. Seems like a sensible plan, right? While ongoing progress on reforms is likely to transform the economy and financial system over time, it is not likely to prevent a further material rise in economy-wide debt, and the consequent increase in contingent liabilities for the government.

This is consistent with the gradual approach to deleveraging being taken by the Chinese authorities and will happen because economic activity is largely financed by debt in the absence of a sizeable equity market and sufficiently large surpluses in the corporate and government sectors. While such debt levels are not uncommon in highly-rated countries, they tend to be seen in countries which have much higher per capita incomes, deeper financial markets and stronger institutions than China's, features which enhance debt-servicing capacity and reduce the risk of contagion in the event of a negative shock.

Isn't that exactly what I've been…. Individuals Institutions Members Login Contact. Try Our Award Winning Newsletter For 7 Days to Access Our Latest Posts There is no credit card required for a free trial — we trust you! Please take 3 minutes and 45 seconds to learn about our award winning strategy.

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The Best Financial Blog on the Web! Main Terrific Tuesday — What Could Possibly Go Wrong? Main Money Market Movement — Up, of Course June 19, These moves are not just mechanical and fake but obviously so but I'll bet you already forgot that we had this conversation last Mondaywhen I said: That was June 12th and here's what the Nasdaq has done since: Main PhilstockWorld May Portfolio Review Members Only June 18, Main Friday Follies — Markets Still Look Toppy to Me June 16, Main Faltering Thursday — Fed Tightens, Trump Gets Probed June 15, It's not an indictment, it's just a probe but now we know why Trump wanted to fire Special Investigator Mueller the other day — apparently he wasn't loyal to Trump either and he's now officially investigating the President for the obstruction of justice the President has already bragged about when he said to the visiting Russians: Main Record High Wednesday — Does the Fed Even Matter?

Main Tepid Tuesday — Waiting on the Fed June 13, Main Monday Market Movement — Maybe Momentum Makes More Mayhem? Main Failing Thursday — Comey Testifies, ECB Goes Neutral and Oil Collapses June 8, Speaking of passes, I'm not giving one to Sessions and neither is Samantha Bee, who came out strongly against his renewed war on drugs in last night's show and made many excellent points: Main Waiting on Wednesday — Too Many Things Happening Tomorrow to Trade Today June 7, Main Tumbling Tuesday — Trump Troubles Mount While US Macros Hit Lows June 6, Main Monday Market Movement — Countdown to June Swoon June 5, Main Philstockworld Top Trade Review June 3, Main Non-Farm Friday — Is America Working?

Main Thursday Thoughts — Fed Blowing Housing Bubble 2. Main Which Way Wednesday — Beige Book Edition May 31, Main Trump Error, Day — The President Returns from Disastrous World Tour May 30, Main Federally Fueled Thursday — WTF?

Main Will We Hold It Wednesday — Fed Minutes Edition May 24, Try Our Award Winning Newsletter For 30 Days to Access Our Latest Posts There is no credit card required for a free trial — we trust you!