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Wednesday Writedown – Virus Resurgence Spooks Markets
October 28, 2020
Wheeeeee! Down we go again as US cases hang around their record highs and Europe is starting to catch up as another wave of the virus goes global. No country, of course, can match the US in number...
Testy Tuesday – Dropping Below the Lines
October 27, 2020
Wheeeee – that was fun! It only took a day to wipe out the rest of October's gains but we recovered a bit off the weak bounce line (of the 15% line) but that was sure to lend support so now we...
4 more years! At this pace, in 4 more days anther 240,000 American citizens will hve the " China Virus " – named so by the President despite the fact that, to this day, less than 100,000 Chinese...
Friday Market Folly – Up and Up Regardless of Events
October 23, 2020
Higher and higher we go . 994 Americans died from Covid-19 yesterday, 1 per minute during the debate where Trump denied it was a problem, leading Joe Biden to give him a WTF?!? look. As Trump falsely...
Distressing Thursday – CDC Concerned About US Virus Trends
October 22, 2020
" CDC says the U.S. is now seeing a ‘distressing trend’ in coronavirus outbreak ." I'm sorry, I don't want to keep talking about the virus that's impacting the Global Economy and life on Earth as we...
Which Way Wednesday – Stimulus Hopes Hold off Disaster (so far)
October 21, 2020
We're holding up so far . We are flirting with disaster at the 3,420 line but, so far, it's holding up on endless promises of endless stimulus – currently over 10% of our GDP ($2Tn) is on the table to...
Tipping Point Tuesday – Schrodinger’s Stimulus Moves the Market
October 20, 2020
Rumors are everywhere . The President held another super-spreader event in Arizona yesterday and he has threatened to hold one every day up to the elecion until every last Republican is infected with...
The Week Ahead – Election Looms Large
October 19, 2020
Two weeks to go . Two weeks ago the S&P was down at 3,350, down about 4% from where we are now so don't get complacent – especially into the elections and ESPECIALLY when Global Covid Cases topped 40M...
Philstockworld October Portfolio Review (Members Only)
October 16, 2020
$1,561,147! That's up $361,550 for our paired portfolios since our September 18th review and we only made one change in our Long-Term Portfolio – selling 5 calls against our Berkshire Hathaway...
Fallback Thursday – Reality Hits the Markets
October 15, 2020
Wheeee, down we go! In yesterday's Live Trading Webinar we discussed the merits of shorting Oil ( /CL ) Futures at the $41 mark. We had already made a quick $500 shorting oil in our Live Member Chat...
Wednesday Worries – 25% of Small Businesses are Closed
October 14, 2020
This is concerning . In this excellent but disturbing graphic by Visual Capitalist , major cities are averaging 30% drops in small business activity with San Francisco HALF closed and New Oreleans not...
Toppy Tuesday – $2Tn Stimulus Talks Buys Us a Trip back to the Highs
October 13, 2020
Here we are again! After incredible gains yesterday, we're back to the highs on the Dow, Nasdaq and S&P 500 and we're waiting for the Russell to come back to 1,700 (now 1,636) but even the NYSE has...
The Week Ahead – S&P 3,500 and Nasdaq 12,000 in Play
October 12, 2020
Up and up we go. 3 weeks and one day from now we will have an election and the markets could not be happier. That's not good news for the soon to be ex-President as Joe Biden has the biggest lead...
50-Point Friday – The Week Finishes on a High Note
October 09, 2020
Not a bad week. Especially if we ignore Trump's "No stimulus" hiccup on Tuesday night but the market qickly reversed itself again and got back on the pre-programmed path of onwards and upwards we...
Fabulous Thursday – Testing our Strong Bounce Lines – Again
October 08, 2020
Here we are again . I don't even have to write anything new today, I'll just copy and paste what I said on September 15th, in: " Terrific Tuesday – S&P 3,420 Yet Again ": As we discussed last week...
Which Way Wednesday – Trump Cancels Christmas
October 07, 2020
No stimulus for you! President Trump returned from the hospital yesterday and decided to cancel the stimulus negotiations despite the constant cries from the Fed that the Government NEEDS to do...
Tempting Tuesday – A Sinking Dollar Lifts All Ships
October 06, 2020
This is how the Fed "fixes" the market . Yesterday, t he Chicago Fed's Charlie Evans said he would be "quite pleased" with 2.5% core inflation , a 25% increase in the Fed's Inflation Target. That was...
October Market View – Looking Ahead to the Elections
October 05, 2020
Joe Biden is leading by 14 points . No wonder Trump got sick – the old " Dog ate my leadership " doesn't work as well with voters as the sympathy vote. The President needs something to turn his...
Schadenfreude Friday – Trump Catches Corona
October 02, 2020
Talk about an October surprise! It seems the President has contracted the coronavirus as the Global hoax spreads to the White House. Of course, it's very possible that Trump, who is constantly tested...
28,000 Thursday – Dow Back Within 5% of it’s All-Time High
October 01, 2020
We're back baby! The Dow Jones Industrial Average topped out at 29,500 in February as we ignored the virus in China and then it plunged 11,000 (37%) points, to 18,500 in late March and now it's back...
Weakening Wednesday – Presidential Debate Spooks the Market
September 30, 2020
Well that went as expected. Yesterday we titled our Morning Report: " Testy Tuesday – Shorting the S&P 500 at 3,350 " and we made a lovely $1,250 per contract on our shorts and got another chance to...
Testy Tuesday – Shorting the S&P 500 at 3,350
September 29, 2020
All going as planned so far . As you can see from our chart, we're consolidating right in that zone between the 200-hour and 50-hour moving average and 3,350 is also the 50-day moving average, so...
The Week Ahead – 3,350 is Critical for the S&P 500
September 28, 2020
A death cross! A death cross is, according to Investopedia: The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s...
TGIF – Ending the Week With a Whimper
September 25, 2020
Everything is proceeding as I have foreseen . In Monday's " The Week Ahead – 200,000 Deaths Weigh Heavily on the Market ," we knew the 200,000th American death would put Covid back in the news cycle...
Transfer of Power Thursday – “A Continuation”
September 24, 2020
" There won't be a transfer, frankly, there will be a continuation ." Asked whether he would “ commit here today for a peaceful transferral of power after the November election ,” Emperor Trump...
Weak Bounce Wednesday
September 23, 2020
Not much is happening . Powell and Mnuchin's testimony to Congress did not help or hurt the markets, which are still bouncing from September's 10% drop (what, you forgot that happened already?) . ...
Terrible Tuesday – Powell Says US Faces Slow, Uncertain Recovery
September 22, 2020
Powell testifies before Congress today . We already know what he's going to say though, as his testimony is pre-released. Not that that will stop the market from acting shocked when they hear it later...
The Week Ahead – 200,000 Deaths Weigh Heavily on the Market
September 21, 2020
" At least one more cycle ." That's what former FDA Commissioner Scott Gottlieb said he expects for the US as the virus moves into the fall and winter when, presumably, it's more active . U.K. Health...
Philstockworld September Portfolio Review
September 18, 2020
$1,204,322! That is DOWN $190,405 but still up over 100% for the year. We have a very large, very volatile bet on Tesla (TSLA) that we're riding out and that let both to last month's huge gain and...
Faltering Thursday – Reality Rears it’s Ugly Head
September 17, 2020
The truth . We don't get a lot of that in America these days. Remember when we used to pity the poor Russians, who were being fed misinformation by their Government from the state-run media? While it...
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