What's the best vehicle to do this? Buying deep out of the money call options on what? I'd assume some index to remove any company-specific risk you might take on if you bought an ExxonMobil or an upstream driller? I've been in and out of some of the levered index funds in the past and they suffer from massive slippage as they rebuy their futures contracts. No good.
I've got some inherited PHP sitting in a savings account in the Philippines right now. It's a rather large amount. Two questions: 1. What is the optimal PHP:USD exchange rate to transfer the money here (USA)? It was at a high a few weeks ago, but it has steadily decreased back to a 2-year normal. I was thinking 45 PHP:USD exchange is when I should pull the trigger. 2. What is the best/cheapest legit way to transfer the money here? Right now, the plan is to wire transfer the total amount from the Philippine bank to my credit union account here. I'll be filling out the appropriate IRS forms for overseas inheritance. It's just a matter of getting it here now. Thanks!
I think Gold (COMEX) is a good short now for a quick trade. Short at current levels of 1069.75 Stop: around 1073.50 Target: 1063.00 for 1st profit and let the remainder of the trade run
Market put in a small bounce, but I don't like it. I think that gap on the SPY chart at 195 is a better spot to look to buy and then that 190 area below that. These China numbers combined with our PMI and ISM numbers aren't encouraging. I wouldn't be surprised if we have a mini-recession.
Everything has sucked for almost 2 years. S&p earnings peaked several yrs ago and financially engineered eps 14 months ago. China PMI has been poor for multiple qtrs china has been crumbling for several yrs and the market picks today to crater.
Yes, it's a good value. I would watch out though - the company has had financial problems in the past due to debt. They could be a going risk again if oil stays low. Make sure to check their financials before you buy.
And that got blown up real quick. No comment on the short term, but I did see a pretty interesting indicator that hit a few days ago. The S&P 500 monthly chart hit it's lower Bollinger band. This is the 3rd time it's happened in like 30 years. The prior two times were Jan 2008 and Dec 2000. Both of those times were the beginning of significant bear markets. I don't know how much downside we have in the short term, but I expect us to continue to lower over the next 12 to 18 months. The trend has finally changed.
At 30-40 barrel most producers won't be able to turn a profit especially with fracking with requires constant capital infusion. Therefore they will stop producing or shut in these wells which will lower the supply which will force the prices to increase. I don't believe in technical trading too much. If the graphs could tell you everything then everyone would use graphs which would then lower the value of graphs. My finance professors went Chicago and MIT you should ask them about technical trading. My goal is to continue to buy here and just make sure to lower my Idiosyncratic Risk.
