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Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The message from the Fed in today’s Meeting MinutesWhat the incredible passive investing/ETF boom means for tradersTips for success from billionaire Richard BransonAnd more!So check out these links right now and get up to speed:1) Fed Inflation Debate Finds Some Officials on Rate-Hike Fence (Bloomberg)Federal Reserve officials held a detailed debate last month over whether forces holding inflation down were persistent or temporary, with several policy makers looking for stronger evidence of price gains before supporting a third interest-rate hike this year.Read the Story ==>2) Vanguard is nearing the $5 trillion milestone — but here’s where the rush could end (MarketWatch) Given how this market shakes and shakes it off, another record for the Dow may well be in the offing. It’s no secret, then, that this can’t-go-wrong bull market has pumped up the demand for low-cost, passive mutual funds and ETFs.Read the Story ==>3) 9 Tips for Picking the Right Stocks for Swing Trading (T3 Live) As a swing trader, one of the most important decisions you’ll every make is choosing which stocks to trade. You can learn all the winning setups in the world, but if you trade the wrong stocks, you’re going to lose money.Continued Reading ==>4) Spain takes step toward direct rule over Catalonia’s independence move (Reuters)Spanish Prime Minister Mariano Rajoy took the first step on Wednesday toward suspending Catalonia’s political autonomy and ruling the region directly to thwart a push for independence.Continued Reading ==>5) Ethereum First: Investment Product Opens for Trading on Nasdaq Exchange (CoinDesk) A first-of-its-kind investment product focused on ethereum is now open to investors on the Nasdaq Stockholm exchange. Announced today, CoinShares, headed by former JPMorgan Chase trader Daniel Masters, is launching an exchange-traded note (ETN) for ether, the cryptocurrency that powers the ethereum blockchain.Continued Reading ==>6) FX Markets Are Stuck in Low-Volatility Quicksand With No Escape (Bloomberg)Currency markets are trapped by low volatility and only a fundamental break of historic proportions can shake them free. Foreign exchange trading has become significantly less responsive to shocks, and when currencies do react it typically isn’t long before they go calm again, according to a study by Bank of America Corp.’s Alice Leng.Continue Reading ==>7) 8 Interviews with 8 Top Traders (T3 Live) One of T3 Live’s most successful content features has been our “Meet the Traders” series, which gives you the backstories of our top traders and educators.Continue Reading ==>8) Investors giving ‘cash incineration engine’ Tesla a lot of rope, but may soon lose patience (CNBC) Tesla shares have crushed the market’s performance for years, but patience is starting to run thin among some investors after Chairman and CEO Elon Musk’s too ambitious Model 3 production goals.Continue Reading ==>9) Market Wizard Tony Saliba on Options Trading (HowMuch.com)The Market Wizards books blew my mind. The original book was one of the first ones I read on trading when I jumped into the industry in 1998. And Tony was the only options trader profiled.Continue Reading ==> 10) Tips for Success from Billionaire Richard Branson (The Tim Ferriss Show/YouTube) Podcaster Tim Ferriss sits down with billionaire Richard Branson for a wideranging discussion on everything from coping with dyslexia, PR stunts, and even Bitcoin.
Continue Reading -->Sami Abusaad: How I Traded Equifax for a $2,000 Profit in 4 Days
In this special video, Nightly Game Plan Moderator Sami Abusaad walks you through how he traded shares of credit reporting agency Equifax (EFX), which went into meltdown mode after a major security breach. In this video, Sami’s going to breakdown his Equifax trade, which earned him $2,000* in profit in just 4 days. *Click here for a breakdown on Nightly Game Plan P&L calculations Sami’s going to walk you through: The sideways trend in QQQ How to use the 20-period moving average to judge the trend A breakout/shakedown play in Express inc. (EXPR) on the daily chart A beautiful buy setup in Teva Pharmaceuticals (TEVA) after a pro gap up A weekly buy setup in Adtran (ADTN) A weekly transition sell setup in Masimo (MASM) Sami’s official trade of the week in Equifax (EFX), which has been under fire for a major security breach How to spot a potential bottom in a collapsing stock Sami’s strategy for his profitable exits on the trade Why Sami finally closed the position Click here to learn about Sami’s Nightly Game Plan
Continue Reading -->Your Intro to Options Trading: The ABC’s of Calls and Puts
Are you ready to start trading options?’ Then you’re in luck. You’re about to get a 100% FREE crash course in options trading, comprised of 5 in-depth articles: You’re going to understand how options work in the real world without understanding complex math or financial theory. You’re going to understand vital concepts like implied volatility and time decay, and you’ll get 3 simple strategies that you can use to speculate on stock price movements. Contrary to popular belief, options are actually not that complicated. And they’re not inherently risky — you can take as much, or as little risk as you want. Are you ready to start learning? Let’s go! What Are Options? Derivatives are securities which are priced based upon the price of another security, like a stock, ETF, index, or commodity. And options are the best-known form of derivatives. In this series, we’re going to focus exclusively on options on stocks and ETF’s. Options represent the right but not the obligation to buy or sell a certain stock at a certain price by a certain date. And as the price of the underlying stock fluctuate, those rights change in value. A sports betting analogy can help you understand this concept. An option is at its most basic level a bet on a bet. You’re betting that the value of the bet itself will change. Let’s say it’s the start of the NFL season, and we think the Green Bay Packers will win the Super Bowl. Options would allow us to bet that the value of a bet on the Packers to winning the Super Bowl will rise or fall. If the Packers win their first 10 games in a row, that bet will be worth a lot of money. But if they only win 5, it won’t. Calls vs. Puts Call options give a trader the right but not the obligation to buy a certain stock at a certain price by a certain date. All things being equal, when a stock price rises, the price of a call option goes up. Therefore, the buyer of the call option wants the price of the underlying stock to rise. Put options give a trader the right but not the obligation to sell a certain stock at a certain price by a certain date. All things being equal, when a stock price falls, the price of a put option goes up. So the buyer of the put option wants the price of the underlying stock to fall. Why Even Bother with Options? First, options require less capital to trade than stocks. Let’s assume we’re bullish on Tesla. If Tesla (TSLA) is trading at $380, it would take $38,000 to buy 100 shares of the stock. However, we could buy a call option on Tesla for $2,000 or less, giving us exposure to 100 shares of Tesla at a low cost. So options give you a lot more bang for your buck in terms of upside potential. On the downside, options have a fixed expiration date. You can theoretically wait forever for a stock to move, but an option has to move in your favor quickly. (In a future article, we’ll explain the role of time in options prices.) Otherwise, it will decline in value or expire worthless, giving you a 100% loss. And that’s just long options. Shorting options — a practice we don’t endorse — is even more dangerous, and can destroy your trading account. And that’s the trade-off: options require less capital and they have huge upside potential. But you also face serious downside risk. Another benefit of options is that they can be used to hedge an equity portfolio or individual stock positions at a reasonable cost. And finally, options are incredibly flexible. With options you can speculate that a stock will rise, fall, or even do nothing. Yes — you can use options to make money if a stock does absolutely nothing. We’ll be going over a strategy for this in the future. Strike Prices and Expiration Dates All options have a strike price and an expiration date. If a person says “I bought NVDA $180 November calls,” they are telling you two things: They have the right but not the obligation to buy NVDA at $180 (the strike price) That right expires in November And a person says “I bought TSLA $350 January puts,” they are telling you two things: They have the right but not the obligation to sell TSLA at $350 (the strike price) That right expires in January Most options expire on Fridays at 4:00 p.m. ET. Large-cap stocks tend to have options that expire every week. Small and mid-cap stocks sometimes have options that expire only on the third Friday of each month. The Basics of Options Contracts and Exercising Options Most options contracts represent 100 shares. So buying 1 call option gives you the right to buy 100 shares. 2 contracts give you the right to buy 200 shares. To determine the dollar value of an option, take the current price and multiply it by 100. If an option is trading at a price of $1, it actually costs $100 to buy. As we told you above, when you buy a call option, you have the right to buy a stock at a certain price by a certain date. Let’s say we own 1 NVDA $180 November call. This means that at any time before the November expiration date, we can buy 100 shares of NVDA at $180. Assume NVDA skyrockets on earnings and hits $200. We can then do two things: We can sell the option itself for a profit. Or, we can exercise our right to buy the stock, and purchase 100 shares for $180. That gives us an instant profit of $20 per share, or a total of $2,000. (minus whatever we paid for the call option in the first place) What Is an Options Contract? Options are not like stocks, which have a certain number of shares outstanding. Options don’t actually exist until a buyer and seller come
Continue Reading -->Sami Abusaad: How to Trade a Slow and Sleepy Market
In this special video, Nightly Game Plan Moderator Sami Abusaad walks you through how he traded a sleepy week for stocks. Typically, Sami showcases one of his swing trades so you can understand his strategies, but this was a particularly slow week, so instead, he’s going to break down a variety of this trades: In the video, Sami’s going to walk you throgh The extremely tight trend in QQQ, which didn’t matter in August, but which matters now The time frames Sami uses for finding patterns and perfecting entries The bearish 1-2-3-4 continuation pattern The weekly buy setup in Adtran (ADTN) An after-hours entry in Microbot Medical (MBOT) Why Sami bought the controversial Equifax (EFX) Earnings plays in Steeelcase (SCS) and Copart (CPRT) (click here to learn about Sami’s Earnings Play strategy) Click here to learn about Sami’s Nightly Game Plan
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The latest twist in the Fed’s rate policy adventureThe danger of individual investors are jumping into stocksWhy the $1,000 iPhone X may actually be cheapAnd more!So check out these links right now and get up to speed:1) Fed Signals Another 2017 Rate Hike, Asset-Shrinking to Start Next Month (Bloomberg)Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of their crisis-era support for the economy. They continued to forecast one more interest-rate hike later this year, saying storm damage will have only a temporary impact on the economy.Read the Story ==>2) The masses are going all-in for stocks, and that’s not a good thing (MarketWatch) The latest Wells Fargo/Gallup Investor and Retirement Optimism Index hit 138 in September, its highest level in 17 years. That was in September 2000, when investors still couldn’t shake their denial that the bull market of the 1990s was over.Read the Story ==>3) Tim Cook says the $1,000 iPhone X is a ‘value price’ – and he’s right (Boy Genius Report)The iPhone X represents a number of firsts. The iPhone X is the first iPhone in history to incorporate facial recognition. The iPhone X is also the first iPhone to do away with the home button, a staple of every single iPhone since the beginning. And economically, the iPhone X is the first iPhone to ever break the $1,000 threshold.Continued Reading ==>4) From Russia with fuel – North Korean ships may be undermining sanctions (Reuters)At least eight North Korean ships that left Russia with a cargo of fuel this year headed for their homeland despite declaring other destinations, a ploy that U.S. officials say is often used to undermine sanctions.Continued Reading ==>5) Merkel warned Germany needs a policy rethink to keep economy growing (CNBC)Angela Merkel is likely to win a fourth term as chancellor after a national election on Sunday but business leaders are already warning her that the next government must implement growth-friendly policies to ensure Germany remains the euro zone’s largest economy.Continued Reading ==>6) Ray Dalio, the Steve Jobs of Investing (Tim Ferriss Blog)Ray Dalio (@raydalio) grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management.Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S.Continue Reading ==>7) Why You Need to Know the Only 4 Stages of Market Movement (T3 Live) If you want to be an expert swing trader, then you have to understand the Foundation of stock movement, broken down into 4 clear stages:AmbivalenceGreedIndecisionFearContinue Reading ==>8) Bitcoin’s Parimutuel Problem (Or Why Shorting Doesn’t Pay Today) (CoinDesk) When the price of bitcoin plunges — as it did last week — seasoned investors are caught in a market that doesn’t exactly have the mechanisms they’re used to. Case in point, hedging long positions, is today a difficult prospect. Unlike most traditional stocks, where investors can open a margin account with their broker that allows them to short most shares, the tools in bitcoin are few and far between.Continue Reading ==>9) What Makes a Great Trader? An Interview with Jack Schwager (CFA Institute)If you peruse the Wikipedia entries that describe some of the world’s great investors, you’ll often find that they share a common footnote: a series of books entitled “The Market Wizards” which feature Jack Schwager’s profiles of a number of successful traders.Continue Reading ==> 10) How to Get Out of Your Own Head and Take Action (YouTube) In this video, author Mel Robins shows you how to stop worrying about your troubles, and start taking action.
Continue Reading -->Sami Abusaad’s Trade of the Week: NLNK
In this special video, Nightly Game Plan Moderator Sami Abusaad walks you through a winning trade in Newlink Genetics (NLNK). Biotechnology stocks have been hot as of late, but few are hotter than NLNK, which recently skyrocketed on positive results from a clinical study. After NLNK’s rally, Sami spotted the opportunity for a Climactic Sell Setup, giving him a profit of over $3,100 in 4 days*. Here’s how the trade worked: *(click here for a breakdown of our P&L calculations) In the video, Sami’s going to walk you through the trade from start to finish so you can understand: Why NLNK showed up on his radar What qualified NLNK as a climactic play Where Sami set his entry, stop, and target for a 3:1 reward:risk ratio How the Climactic Sell Setup works Why he used the 5-minute time frame on this trade The pattern that signaled a breakdown in NLNK was coming Click here to learn about Sami’s Nightly Game Plan
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Why Apple May Have Pulled Off a Genius Move with the $1,000+ iPhone XAn important lesson learned from superstar money manager Seth KlarmanHow T3 Live’s Jeff Cooper spotted a home run trade in Fairmont Santrol Holdings (FMSA)And more! So check out these links right now and get up to speed: 1) Don’t laugh — that $1,000 iPhone could be a genius move for Apple (MarketWatch) Is the $999 price tag for the iPhone X too high? Some people clearly think so. They think Apple has finally overreached. They think this thing could be Tim Cook’s folly. Apple stock, which had risen on news of the new cellular Apple Watch, slid after the high-end phone was unveiled. Read the Story ==> 2) Markets Are Hard: Seth Klarman Edition (A Wealth of Common Sense) Klarman isn’t as well known to the general investing public as some of his peers but his track record ranks right up there in terms of the greatest of all-time. When someone like Klarman makes these types of warnings it’s hard to ignore. Read the Story ==> 3) Secrets of Successful Speculation: Riding the FMSA Rocket (T3 Live) A trader’s job is to narrow one’s field of vision and cull for the very best setups: the more one tries to see, the less one sees. In this game, there is so much going on that it’s easy to get overwhelmed. As the old saw goes, less is more. Continued Reading ==> 4) Top House Tax Writer Says Overhaul Framework Coming Week of Sept. 25 (Bloomberg) Kevin Brady, the chief House tax writer, told the chamber’s Republicans that White House advisers and congressional leaders working on a tax plan will release a framework the week of Sept. 25. Specifics, including such basic matters as where to set the corporate tax rate and how to set up individual tax brackets, have yet to emerge. Continued Reading ==> 5) Brazil police detain JBS CEO Batista on suspicion of insider trading (Reuters) Brazil’s federal police on Wednesday detained the chief executive officer of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Continued Reading ==> 6) Pandit Says 30% of Bank Jobs May Disappear in Next Five Years (Bloomberg) Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years. Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said Wednesday in an interview with Bloomberg Television’s Haslinda Amin in Singapore. Continue Reading ==> 7) 9 Ways to Destroy Your Account with Options (T3 Live) Options trading is fun. Options trading is sexy. And options trading can destroy your account if you don’t know what you’re doing. Continue Reading ==> 8) Why Is North Korea So Interested in Bitcoin? (FireEye) In 2016 we began observing actors we believe to be North Korean utilizing their intrusion capabilities to conduct cyber crime, targeting banks and the global financial system. This marked a departure from previously observed activity of North Korean actors employing cyber espionage for traditional nation state activities. Continue Reading ==> 9) U.S. middle-class incomes reached highest-ever level in 2016, Census Bureau says (Washington Post) The incomes of middle-class Americans rose last year to the highest level ever recorded by the Census Bureau, as poverty declined and the scars of the past decade’s Great Recession seemed to finally fade. Continue Reading ==> 10) Miami Nun Uses Chainsaw to Remove Downed Trees (CBS Miami via YouTube) Hurricanes Harvey and Irma did untold amounts of damage to countless families. But it’s also brought out the best in Americans all across the country, as everyday people step up to help their neighbors. In this video, watch a nun pick up a chainsaw to clear trees in her Miami neighborhood. As a YouTube commenter pointed out, she wasn’t exactly following chainsaw safety protocol, but it’s heartwearming nonetheless…
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The retirement of Fed Vice Chair Stanley FischerWhat the iPhone will change about smartphones foreverHow a Navy SEAL commander thinks you should start your dayAnd more! So check out these links right now and get up to speed: 1) Fed Vice Chairman Fischer Resigns, Says Economy Is Stronger (Bloomberg) Federal Reserve Vice Chairman Stanley Fischer has resigned effective on or around Oct. 13 after serving three years at the U.S. central bank. Fischer, 73, was appointed to the Fed by President Barack Obama in 2014 to a term as vice chair that would have expired in June 2018. He cited “personal reasons” in a Sept. 6 resignation letter to President Donald Trump, released Wednesday by the central bank. Read the Story ==> 2) Kohl’s is the latest retailer to partner with Amazon, selling Echo devices in its stores (CNBC) Add Kohl’s to the list of brick-and-mortar retailers signing deals with Amazon. The department store chain unveiled plans on Wednesday to roll out a “smart home experience” in 10 stores, ahead of the holiday shopping season. Read the Story ==> 3) Scott Redler’s Chart Attack: SPX, QQQ, IBB, AAPL, NFLX, TSLA (T3 Live) T3 Live Chief Strategic Officer Scott Redler breaks down 6 key charts so you can understand how he’s reading the rocky market action. Continued Reading ==> 4) A legendary volatility pioneer says one of the market’s hottest trades is like ‘betting on the roulette’ (Business Insider) One of the market’s hottest trades this year has involved betting on stocks to sit still. The wager in question is shorting the CBOE Volatility Index, or VIX, and many investors are big fans. Following a recent short-term increase in the VIX, traders added almost $400 million of exposure to the trade. One guy — a former manager at Target — says he’s made millions betting against the VIX. Continued Reading ==> 5) Three things that will never be the same after the iPhone 8 (The Verge) Apple, like everyone else, sometimes takes multiple iterations to complete its most ambitious goals. But as we face up to the culmination of another year of hyped-up iPhone speculation, I do see three particular ways in which the iPhone 8 (or whatever Apple calls its new flagship) will indeed be the harbinger of massive and irrevocable change. Continued Reading ==> 6) Hurricane Irma batters Caribbean as Florida braces for weekend landfall (Reuters) Monster Hurricane Irma slammed across islands in the northern Caribbean on Wednesday, packing a potentially catastrophic mix of pounding winds, raging surf and rain en route to a possible Florida landfall this weekend. Continue Reading ==> 7) 7 Ways to Be Just Another Failed Trader (T3 Live) Do you want to fail as a trader? Do you want to miss your next mortgage payment? Or pull your daughter out of private school because you can’t make tuition next month? Well you’re in luck! Because we’ve got 7 surefire tips for failing as a trader. Continue Reading ==> 8) The ‘demonetized’: YouTube’s brand-safety crackdown has collateral damage (Digiday) This past May in New York City, YouTube held a summit for its top 100 or so video personalities, individuals and networks. It was a chance for these creators to get face time with senior YouTube executives and discuss what was happening on the video platform. One issue that some attendees felt YouTube needed to address: declining ad revenue. Continue Reading ==> 9) Putin Rejects Cutting Off Oil to North Korea (NY Times) President Vladimir V. Putin of Russia said his country opposed cutting off oil supplies to North Korea as part of new sanctions being considered in the wake of the country’s latest nuclear test, according to official accounts of his meeting Wednesday with President Moon Jae-in of South Korea. Continue Reading ==> 10) Life Advice from a Navy SEAL Commander (YouTube) Retired United States Navy Admiral William H. McRaven, a former Navy Seal has 10 tips to help you make the world a better place. And it starts with making your bed every day:
Continue Reading -->AVAV: Anatomy of a Winning Earnings Play
In this special video, Nightly Game Plan Moderator Sami Abusaad walks you through a winning earnings play in drone company AeroVironment (AVAV). This video series is typically focused on swing trades, but since no swing trades triggered, this will be a special edition focused on Sami’s proprietary Earnings Play strategy, which he only started using this year. Sami used the Earnings Play to enter AVAV at $39.35, and exit the next morning at $44.67 for a $1,330 profit. (click here for a breakdown of our P&L calculations) Here’s how the trade went down: In the video above, Sami’s going to walk you through the Earnings Play from start to finish so you can understand: How Sami analyzed the daily trend in QQQ, which he uses as a market proxy The rationale behind the Earnings Play strategy Tips for predicting the post-earnings reaction How to judge expectations for earnings Lessons from past earnings playes like DHR, TMO, and CY Why AVAV appeared on Sami’s radar The ‘proof’ Sami got that AVAV was a bullish play Why he only took 250 shares Click here to learn about Sami’s Nightly Game Plan P.S. Earnings Season is still going strong. Be sure to check out this FREE Earnings Season resource: The Ultimate Guide to Trading Earnings Season
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Why gold may no longer be the safe haven you think it isApple’s plans to lock you in its iOS ecosystemHow Hurricane Harvey is bringing out the best in some peopleAnd more! So check out these links right now and get up to speed: 1) Why Gold Is Less of a Haven These Days (Bloomberg) Having waited patiently for the “any-minute-now” moment, gold investors are taking comfort from the recent rise in price in response to geopolitical tensions. Yet the responsiveness of gold, as well as the overall price, appears weaker than would have been expected from historically based models — and for understandable reasons. Read the Story ==> 2) Trump hits road to tout tax reform as helping workers (Reuters) President Donald Trump will turn his signature populist rhetoric toward tax reform on Wednesday in a speech expected to tout tax cuts as a way to help workers and the middle class in an economy “rigged” against them, senior White House officials said. Read the Story ==> 3) Scott Redler’s Chart Attack: SPX, QQQ, TSLA, BABA, and AAPL (T3 Live) T3 Live Chief Strategic Officer Scott Redler breaks down 5 key charts so you can understand how he’s reading the market action at a confusing juncture. Continued Reading ==> 4) This is Apple’s long game to ‘trap’ you inside the iPhone (Boy Genius Report) No matter how much greener the grass might get on the other side, I’m certain I’ll never leave the iPhone/Mac ecosystem. I have everything I need inside iOS/macOS that switching to other operating system seems like a very bad idea. Like me, there are millions of other people, and it looks like Apple is really interested in extending the iPhone “trap” for as long as possible. Continued Reading ==> 5) Top Analyst: Amazon is about to take off (CNBC) A widely followed research analyst said Amazon’s acquisition of Whole Foods Market will add to the e-commerce giant’s bottom line, quickly. In his first note to investors since the buy-out of the organic grocery chain became official on Monday, Mark Mahaney of RBC Capital Markets raised his estimate for Amazon’s 2018 profit by 10 percent. Continue Reading ==> 6) What Getting Punched in the Face Taught Me About Trading (T3 Live) On August 26, 2017, Conor McGregor and Floyd Mayweather squared off in the biggest combat sports spectacle of all time. To celebrate this historic sporting event, T3 Live’s Ifan Wei, a former collegiate boxer, will teach you a simple boxing lesson that directly applies to trading. Continue Reading ==> 7) Traders are no longer impressed by the biggest driver of stock market gains (Business Insider) The stock market is becoming a victim of its own success. Even when companies turn in impressive earnings reports, that strength isn’t translating to higher stock prices. Continue Reading ==> 8) Nation’s largest oil refinery forced to shut down as Harvey floods Port Arthur (CNBC) The largest oil refinery in the country is shutting down as Hurricane Harvey causes more catastrophic flooding.Early Wednesday, Motiva said it started closing its Port Arthur refinery “in response to increasing local flood conditions.” The plant won’t open until flood waters recede. Continue Reading ==> 9) What Floyd Mayweather Can Teach You About Negotiation (Inc.) Whether you have engaged personally in the sport of boxing or are just a fan of watching, there is much to be learned from the boxer mindset and performance that you can apply to your own life. Here’s how to dominate in a business negotiation in the same manner as Mayweather did this last weekend. Continue Reading ==> 10) The Cajun Navy to the Rescue! (YouTube) There’s not much to say. In an era of unprecedented divide, the Cajun Navy shows America at its absolute best:
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