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How to Get Rich Investing in Stocks by Riding the Electron Wave

Summers Out, Syria Solved, Stock Markets Flying!

Stock-Markets / Stock Markets 2013 Sep 16, 2013 - 03:02 PM GMT

By: PhilStockWorld

Stock-Markets

The Futures are flying!

Everything we were worried about is "fixed" and most of the Global markets are snapping higher this morning. That suits us just fine as we got much more aggressively bullish at our Strong Bounce lines on Tuesday (see "5 More Trade Ideas that Make 500% in an Up Market") and, even better, we nailed it again on oil, which is DOWN to $106.50 again this morning (/CL) for $2,000 PER CONTRACT gains!


As I said on Tuesday: "I can only tell you what is going to happen and how I think you can make money trading it – the rest is up to you!" On Thursday morning I said trading the Nikkei to fall on a rising Yen was the second easiest trade on the planet (it dropped 150 points that day), with the first being shorting oil (/CL Futures) at $108.50 that morning. If you are one of our Members (and if not, why not?) or if you read our posts regularly, you know WHY we were shorting oil last week, so I won't rehash it here.

$106.50 was our primary target for oil to drop, but we do expect to test $105 between now and Friday - perhaps much lower if we are lucky. We moved our USO puts to October, just in case oil took longer to fall than we thought but our very aggressive SCO (ultra-short oil) position stayed open over the weekend and would pay off VERY nicely at $105 or lower.

Sep(_Fed Hawks & DovesEurope is still a mess, Asia is a boarderline disaster and the bottom 80% of our country can barely bring themselves to get out of bed in the morning but – So What? – MORE FREE MONEY!!!! That's the deal from the Fed this week (or so the bullish traders believe) and we should be able to peg those highs again, at least until Wednesday's FOMC Statement (2pm) or Bernake's 2:30 press conference after the meeting.

Friday is a regular Fed-A-Palooza, with George (hawk) speaking at 12:30, Tarullo (dove) at 12:40, Bullard (hawk) at 12:55 and Kocherlakota (hawk) at 1:45 to close out the quarter on a Quad Witching Options Expiration Day. I am declaring Friday an UN-Vacation. You CANNOT be away that day – it could get pretty crazy!

This is, in theory, Ben Bernanke's swan song as he is about to be replaced so we'll see what a man with nothing to lose (other than his legacy) has to say as he prepares to hand over the reigns to the next Bankster in Chief. Note that Yellen is even MORE doveish than Bernanke on this chart!

We have our five big bullish plays already in place from last week – perhaps now it's time for 5 Inflation Fighters as we prepare for the deluge of printing that may be the hallmark of a Yellen Fed. We already tagged ABX last week and they got even cheaper during the week (see StockWorldWeekly) but, with a net entry of $15 – we'll take cheaper!

Don't forget we only have 2 more weeks (until 9/30) to avert a shutdown of our Government (again!) and, although Obama says he would be happy to negotiate with the Republican terrorists, he is also standing firm on not scrapping Obamacare nor is he willing to let the GOP cut $40Bn from the Food Stamp program – especially considering that 20% of American Families don't have enough money for food – the highest level since 2011 and close to where we were in the Great Depression.

The same people that want us to rush in and kill Assad in Syria for allegedly killing children with chemical weapons think it's perfectly OK to starve MILLIONS of American children slowly to death – not through simple indifference – but through legislation they will force down the throats of their opponents to take away what little is already given those children to mitigate their suffeing.

- Phil

Click here for a free trial to Stock World Weekly.

www.philstockworld.com

Philip R. Davis is a founder of Phil's Stock World (www.philstockworld.com), a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks). Visit: Phil's Stock World (www.philstockworld.com)

© 2013 Copyright  PhilStockWorld - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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