Author: Philip Davis

Hope everyone had a nice weekend. Today, we are starting off with a chart of the Dow Jones. This shows you that we have a market that, in the short term, is extremely overvalued. RSI is above 60, the average is moving towards...

I’m in a cynical mood this morning.  I just watched a presentation by Republican National Committee Finance Director, Rob Bickart, which includes the question for RNC fundraisers: “What can you sell when you do not have...

10 Winners and 5 losers but our loser is a doozy! Despite being down $7,170 on our FAZ hedge, we are at net $99,079.64 in the portfolio after two weeks, which is fine as we still have plenty of premium to collect and we still...

We had a decent week with a limited number of trades this week as we move into what I think should be a big week for us. The market has increased at some pretty alarming rates over the past couple weeks, and I think we may be...

Ouch! We did not expect to break higher this week.  After a stellar week last week where we had 49 winners in 56 trades, I’m dreading this week’s review as I really feel like my picks were too bearish overall.  Of course, the...

Hello Readers, SOLF once again looks to have denied us glory in an Overnight Trade. We are just under even from our buy in yesterday, but it appears that we are going to take a small loss on this one. I apologize for the miss,...

Wheee – more free money! The money train left the station just ahead of the US market close yesterday when the House passed a $15Bn Jobs Bill although it remains to be seen if Jim Bunning will pass it.  China doesn’t need...

Hello readers, I have a new Overnight Trade of the Day for you. I have been out of the office for the last couple days due to some other commitments, but I am going to be having a really productive week next week for you. If you...