Phil's 2:55 Comment In Member Chat On The Week Ahead

Apr. 13, 2012 3:38 PM ET
Philip Davis profile picture
Philip Davis's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Stock and Options Newsletter, Teaches Hedging Strategies, Smart Portfolio Management

Contributor Since 2006 is the fastest growing stock and option newsletter on the Web. "High Finance for Real People - Fun and Profits" is our motto and our Basic and Premium Chat Sessions offer readers a chance to speak to Phil live during the trading day as well as authors like Optrader, Sabrient, Income Trader and Trend Trader - who send out Alerts during the market sessions and discuss trade ideas live with Members. We even have a new low-cost "Trend Watcher" Membership that lets readers view our chat sessions without directly participating a great solution for people who want to test-drive the site and profit from our experience! Trend Watchers get to view all of our Chat Archives, weekly Webinars - as well as the amazing PSW Wiki, which gives you Phil's recent opinions and trade ideas as well as technical and fundamental analysis of hundreds of stocks that we follow. Philip R. Davis is a founder of Phil's Stock World (, 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 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 (

Next week/Chas - I think this was a very disappointing week and that we have only weak bounces off our bottom, made worse by the fact that we've been rejected on our strong bounce lines (40% retraces). Europe is significantly lower than us, with the CAC now down 12% in 30 days and the FTSE and DAX down about 7.5% so more than 2.5% gaps and Spain is in the process of blowing up and you have French elections with socialists looking ahead and Greek elections where Fascists are expecting to get seated in Parliament so, on the whole - I sure as hell don't THINK we'll have a good week next week.

Earnings might save us but they didn't help today - as I've been saying since March, we are pricing in earnings that aren't going to happen. If not for fear of Central Bank manipulation - I'd be gung-ho bearish.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.