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Post by huh on Apr 23, 2014 6:55:41 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! Here's what you need to know. Apple Earnings. Coming in after the closing bell. "People (including ourselves) are getting impatient with Apple and Tim Cook," BI's Jay Yarow says. "Apple's revenue growth has cratered and is now expected to be flat compared to a year-ago's sales." Read our full preview here » Facebook Earnings. Also after the bell. "We remain constructive on Facebook shares given positive feedback from our recent checks as well as solid user growth and engagement trends,” Wedbush analyst Shyam Patil told clients in a note per Marketwatch. “We believe the company has multiple catalysts ahead, including the recently introduced video ads and Instagram monetization.” Gilead Soars. Shares in the drugmaker are popping nearly 4% before the bell after they announced yesterday afternoon they'd sold a massive $2.27 billion-worth of its new hepatitis C drug Sovaldi. That crushed expectations for $1.13 billion in sales. China PMI Ticks Up. The reading for April hit a two-month high but at 48.3 is still contracting. ""Domestic demand showed mild improvement and deflationary pressures eased, but downside risks to growth are still evident as both new export orders and employment contracted," said Hongbin Qu, HSBC chief economist for China, in a press release. Data. At 9:45 a.m. we get a flash reading for PMI manufacturing for April. Consensus expectation is for a 0.8 point jump to 56.3. At 10 a.m. we get new home sales for May, which are expected to have climbed 15,000 to 455,000. Markets. Stocks in Asia were mostly higher, led by the Nikkei at 1%. They were down in Europe. U.S. futures were higher. Gold and silver were higher. Stronger Europe Business Activity. The Flash PMI for the region hit a new 35-month high in April. Peripheral Europe saw its fastest pace of growth since May 2011, according to the report. Scalding Coffee Futures. Another commodities house cut its Brazilian coffee yield forecast, the Wall Street Journal said, sending futures close to 3% higher for a 26-month high. We are now approaching a year-to-date doubling of prices. Ackman Herbalife Payoff. ABC reported Bill Ackman secretly promised to pay a former Herbalife exec up to $3.6 million if he lost his job providing information to the government or media. Record Junk Bond Deal. A French cable operator is set to raise nearly $12 billion in debt in what the Wall Street Journal says is the largest junk bond deal ever. Numericable has a credit rating of triple C in the U.S.. "The [Numericable] deal is another milestone for the market," said Ben Pakenham, a fund manager at Aberdeen Asset Management, which oversees £186.5 billion ($313.2 billion) of assets, according to the journal. "It shows how much the market is growing and the level of demand there is to take down these bumper deals." Read more: www.businessinsider.com/opening-bell-april-23-2014-4#ixzz2zi4EKefB
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Post by huh on Apr 23, 2014 6:58:20 GMT -5
10 Things In Tech You Need To Know This Morning Here's a preview of what to expect when Apple reports earnings today after the market closes. Analysts are expecting flat revenue, flat iPad sales, and weak iPhone sales, which means it's time to start asking Tim Cook some hard questions, and start wondering what he's doing. AOL's head of communications, Peter Land, is out after just a year on the job. Google, like Twitter and Facebook, is going to do app-install advertising in search and YouTube. Dish Network is partnering with Artemis in the Bay Area to deliver mobile Internet speeds that are 1,000 times faster than what people currently get. Artemis is too complicated to explain here, so just go read about it. Here's a write up a Shenzen-based smartphone startup called OnePlus. It's going to be selling a pretty decent looking Android phone for $299. Companies like this are going to be a big problem for Samsung. There's new evidence that Google is playing a central role in the Apple-Samsung case. Aereo, the Internet-TV company went to the Supreme Court yesterday, and it seems like the justices were conflicted, but worried about collateral damage of ruling against Aereo. Google Glass has gone from buzzed product to hated product in less than a year and now the head of marketing is talking. His explanation for the negative feedback? Limited release. "We suffer for the fact that Glass isn’t widely available, which was a deliberate choice." The New York Times magazine has a long look at Silicon Valley and whether or not we're in a tech bubble, and what happens if the bubble bursts. We haven't been able to read the whole thing yet, but we expect it will have some people talking. So, if you want to be in on the chatter, there's the link! Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-this-morning-april-23-2014-4#ixzz2zi4OJ2Fv
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Post by huh on Apr 23, 2014 6:59:05 GMT -5
Frontrunning: April 23 Tyler Durden's pictureSubmitted by Tyler Durden on 04/23/2014 07:53 -0400 Ukraine's leaders say have U.S. backing to take on 'aggressors' (Reuters) Goldman Sachs Stands Firm as Banks Exit Commodity Trading (BBG) Obama reassures Japan, other allies on China as Asia trip begins (Reuters) China Challenges Obama’s Asia Pivot With Rapid Military Buildup (BBG) Google’s Stake in $2 Billion Apple-Samsung Trial Revealed (BBG) No bubble here: Numericable Set to Issue Record Junk Bond (WSJ) 'Bridgegate' scandal threatens next World Trade Center tower (Reuters) Supreme Court Conflicted on Legality of Aereo Online Video Service (WSJ) Barclays May Cut 7,500 at Investment Bank, Bernstein Says (BBG) Wal-Mart’s Everyday Low Prices Fail to Stir Brazilians (BBG) China factory activity shrinks for fourth month (Reuters) Banker Bonus Probed in Denmark as Danske’s 200% Fuels Debate (BBG) U.S. mortgage applications fell last week: MBA (Reuters) Elizabeth Warren Book Hits Republicans While Going Easy on Clinton (BBG) www.zerohedge.com/news/2014-04-23/frontrunning-april-23
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Post by huh on Apr 23, 2014 7:30:27 GMT -5
AAPL & FB both report earnings tonight. Looks as if AAPL has some more downside yet, and will likely have a negative reaction so long as it stays under 536 today. FB's a little tougher. It does look to be building a potential H&S. The RS would peak around its 50dma (~65). But what concerns me with a short is it didn't backtest a bear flag - and that wouldn't happen now until ~69/70. Here's its chart, bear flag shown in red, potential H&S in white. Blue lines are the longer term up channel. Might be worth a 1/2 position short around 65, knowing that MIGHT buy the second half of short up around 70 if it pops after earnings. If it doesn't, would add the second half on a backtest under the neckline. JMHO
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Post by dino on Apr 23, 2014 7:55:48 GMT -5
ES 4hr still showing that typhoon flag though it's pretty extended at this point. The interesting thing is the more the flag drifts up, the more the volume drifts down at the same rate.
Pretty soon, something's gotta give imo...
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Post by huh on Apr 23, 2014 8:01:27 GMT -5
ES 4hr still showing that typhoon flag though it's pretty extended at this point. The interesting thing is the more the flag drifts up, the more the volume drifts down at the same rate. Pretty soon, something's gotta give imo... I've been watching that & noticing the volume as well. I'm thinking we might get a quick pullback next few days, especially in tech, but then quickly reverse breaking some bearish patterns & run SPX to new highs. If we don't get the pullback and instead run straight to new highs, this summer would be really, really bad IMO. A drop from low volume typhoon flags normally are bad enough, but in a five year old bull market with falling earnings and an already high pe...?
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Post by walnut on Apr 23, 2014 9:37:01 GMT -5
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Post by huh on Apr 23, 2014 11:38:55 GMT -5
NLFX -5% AMZN -1.5% AAPL -.5% AMGN -5% FB -2% MSFT -1.2% ISRG -10% TSLA -4.3% BIIB -2% GOOG -.77% BIDU -2.3% EBAY -1.3% GMCR -4.3% REGN -2.3% STX -2.2% VRTX -2.14% WYNN -1.75% SIRI -1.4% AKAM -2% CTXS -2% ...and that's not even all of them.
NDX? -.63%
The point is if you're trading individual stocks, don't even looks at the major or sector ETFs except for keeping an eye on a confirmed major topping/bottoming pattern. They're all BS. 1-3 stocks can hold up the entire index because of weighting averages. That's why so many underperformed the indices last year.
So what's holding up NDX today? One 3 stocks carrying most of the weight - GILD, ILMN & CMCSA. Only these 3 are adding more than 1/2 a point to NDX.
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Post by huh on Apr 23, 2014 11:54:40 GMT -5
So anybody take advantage of the discount price in KING, Candy Crush maker, yet?
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Post by Herceg on Apr 23, 2014 12:01:11 GMT -5
So anybody take advantage of the discount price in KING, Candy Crush maker, yet? I will not touch this until I see something extremely positive or negative.........right now to me due to my trading style would be nothing more than dead weight........... JMO and BOL...........
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Post by huh on Apr 23, 2014 12:05:03 GMT -5
So anybody take advantage of the discount price in KING, Candy Crush maker, yet? I will not touch this until I see something extremely positive or negative.........right now to me due to my trading style would be nothing more than dead weight........... JMO and BOL........... Yeah, I wouldn't either. Nice little tail on the 04/15 daily candle, but needs to prove itself over 18.25 first - and that's only to get over the 50% FIB. Would still have 2 more resistance above that before getting back to the recent high. Close under 17.65 and it runs the risk of another new low (but if playing it long, 17.65 would be the buy & stop).
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Post by maxi on Apr 23, 2014 12:09:30 GMT -5
AND media hits a new low in complete bullshit.
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Post by huh on Apr 23, 2014 12:29:29 GMT -5
AND media hits a new low in complete bullshit. I don't know. It's gotta be worth a couple billion as an IPO (15% of the company worth $2 Billion that is)
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Post by walnut on Apr 23, 2014 12:31:20 GMT -5
AND media hits a new low in complete bullshit. "The Onion" is all about parodying the media bullshit, some of their "news stories" are funny as hell. The point is, that Facebook soaked up billions of $ in capital, but it is really just a cool website which will one day be replaced by another cool website. Since FB is posting earnings today (I think)...
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Post by crumbdon on Apr 23, 2014 14:09:33 GMT -5
Somebody's screwin' with the fins. Red has been outlawed today, despite the fact that they have been lagging for weeks.
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Post by huh on Apr 23, 2014 15:02:53 GMT -5
Somebody's screwin' with the fins. Red has been outlawed today, despite the fact that they have been lagging for weeks. Definitely supports my theory that the next (and final) run-up will be led by banks. Simply amazing when you think about it a moment. Literally every single sector has now seen major sell-offs over the last year and a half. Yet the indices continued to rise the entire time, and still right at the highs with tech now selling off. When the market is in a sell-off, it's not MM's selling. They're already gone. They've likely unloaded nearly every sector already. The mathematics behind it is pretty simple (the index weightings), but the programming and maintaining must be a nightmare to keep the indices rising while unloading.
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Post by crumbdon on Apr 23, 2014 15:11:22 GMT -5
Yep. Wall Street. Truly the finest crooks money has ever bought. Gotta admit, though...they are truly masterminds.
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Post by huh on Apr 23, 2014 15:49:53 GMT -5
AAPL & FB both report earnings tonight. Looks as if AAPL has some more downside yet, and will likely have a negative reaction so long as it stays under 536 today... AAPL trading at 565.01 AH's, up 7.67%. I suck.
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Post by walnut on Apr 23, 2014 16:41:27 GMT -5
Yep market is spiking.
And you certainly don't suck Huh! I don't think there is any way to make odds on earnings releases or market reactions to earnings. You could just as well be betting on college football lines etc, it would be hard to win 51% of the time in the long term. The law of large numbers kicks in.
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Post by crumbdon on Apr 23, 2014 16:44:00 GMT -5
Think that 8% rise holds thru tomorrow?
I'll go out on a limb here and say no.
(P.S.- I agree with Walnut. You definitely don't suck, Huh.)
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