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Post by clinton on Jul 11, 2014 7:09:23 GMT -5
Frontrunning: July 11
Submitted by Tyler Durden on 07/11/2014 - 07:45
Carl Icahn says 'time to be cautious' on U.S. stocks (Reuters)
Banco Espirito Santo Lifts Lid on Exposure to Group (BBG)
Slowing Customer Traffic Worries U.S. Retailers (WSJ)
Insurgents enter military base northeast of Baghdad (Reuters)
Obama tells Israel U.S. ready to help end hostilities (Reuters)
Japan economics minister warns of premature QE exit, sees room for more easing (Reuters)
Greek Banks See Quadrupling of Housing Loans by Next Year (BBG) ... to fund buybacks like in the US?
Piggy Banks Being Raided Signal Swedish Housing Dilemma (BBG)
London Seeks New Spenders as Russians Skip $719 Champagne (BBG)
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Post by clinton on Jul 11, 2014 7:09:55 GMT -5
The 10 Most Important Things In The World Right Now DINA SPECTOR JUL. 11, 2014, 2:56 AM 2,896 1 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL angela merkel REUTERS/Thomas Peter German Chancellor Angela Merkel during a news conference in Berlin on July 19. Good morning! Here's what people will be talking about on Friday. 1. President Barack Obama said the U.S. is "prepared to broker a ceasefire between Israel and Palestinian militants in Gaza," the BBC reports. Israel's Gaza offensive, Operation Protective Edge, is now in its fourth day as Israeli Prime Minister Benjamin Netanyahu plans to step up naval and air strikes on Hamas-controlled territories. 2. The CIA station chief in Berlin was asked to leave Germany following the exposure of two German officials suspected of spying for the U.S. 3. A Mississippi toddler who was thought to have been cured of HIV with an aggressive drug treatment at birth now shows signs of the virus in her blood, health officials said Thursday. The news is a major blow to to hopes for developing treatments that prevent AIDS. 4. Reports that the parent company of the second-largest bank in Portugal, Banco Espirito Santo, was struggling to make debt payments sent markets tumbling. "The event has hit European financials like a torpedo and has revived investors' darkest nightmares about Europe, Peter Garnry, the head of equity strategy a Saxo Bank, told The Times. 5. Amazon has asked the Federal Aviation Administration (FAA) for permission to start testing its drones for delivering packages to customers at rapid speed. The FAA currently bans the use of unmanned aircraft for commercial purposes. 6. CNBC's host of "The Profit," Marcus Lemonis, and a group of investors said they have plans to revive Crumbs Bake Shop. The announcement comes less than a week after the ailing cupcake chain said it was closing all of its shops nationwide due to financial troubles. 7. The Obama administration said that U.S. border control agencies would run out money by August or September if congress did not pass a $3.7 billion funding request. 9. China's central bank is investigating a state media report alleging that the Bank of China helped clients launder money to overseas accounts. The media outlet claims that the bank "circumvented the rules by helping customers transfer unlimited amounts of yuan overseas," says Bloomberg, even though the country's "foreign-exchange rules cap the maximum amount of yuan that individuals are allowed to convert into other currencies at $50,000 each year and ban them from transferring yuan abroad directly." 10. Eight children and three others were killed in a school bus crash in China's southern Hunan province. The tragedy in rural China is "the latest in a string of traffic accidents that have fueled public anger over unsafe transport for school children," says Reuters. Read more: www.businessinsider.com/the-10-most-important-things-in-the-world-right-now-july-11-2014-2014-7#ixzz37A3JF7c0 |
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Post by clinton on Jul 11, 2014 7:10:19 GMT -5
10 Things In Tech You Need To Know This Morning STEVE KOVACH JUL. 11, 2014, 6:53 AM 687 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL Satya Nadella Microsoft Portrait Illustration Mike Nudelman/Business Insider Microsoft CEO Satya Nadella. Happy Friday! Let's just dive right into the news. 1. Here's how Uber was able to successfully launch in New York while its rival Lyft is facing trouble just getting started in Brooklyn and Queens. 2. Microsoft CEO Satya Nadella sent out a 3,000+ word manifesto to employees Thursday morning. The letter says big changes are coming to the company in all areas. It also sounds like he may shift the way the company is organized again, which could potentially mean layoffs. 3. Has the iWatch been delayed? Plugged-in analyst Ming-Chi Kuo says production won't start until November. Many have reported that Apple would launch the iWatch in October. 4. The FTC is suing Amazon. The complaint says parents are being charged for unauthorized in-app purchases their kids make. The FTC dinged Apple for a similar practice several months ago. 5. AT&T is expanding its program that will let some apps and services pay for the data their customers use. This has net neutrality advocates freaking out. 6. A Chinese Samsung supplier has been accused of using child labor. Investigators from China Labor Watch, a nonprofit group, found "several" underage workers at the factory of one of Samsung's suppliers. 7. Amazon has a new file storage product for businesses that could be a threat to smaller companies like Box and Dropbox. 8. Here's everything we know about CYNK Technologies. It's a shady company worth $4 billion that makes a social network that says it can connect you to powerful celebrities if you pay. 9. Amazon wants the FAA's permission to test its delivery drones outside designated testing zones. The FAA doesn't allow commercial drone usage in the U.S. right now. 10. Someone is hiding Bitcoin wallets around the San Francisco Bay Area. The wallets are worth about $20 each. One was even hidden near Mark Zuckerberg's house. Read more: www.businessinsider.com/10-things-to-know-in-tech-11-2014-7#ixzz37A3PNsBy |
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Post by crumbdon on Jul 11, 2014 8:21:06 GMT -5
Fins weak premarket, despite WF meeting estimates.
Might be a day where they use the banks to make an early morning drop, sweep the stops below, then turn it around and gun it into the close.
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Post by huh on Jul 11, 2014 9:24:41 GMT -5
If AMZN can close near the current HOD or higher, good odds it's going back up to test the all-time highs in the near future for about a 20% move. (iH&S)
Need to wait to see what it does into EOD though.
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Post by huh on Jul 11, 2014 11:37:53 GMT -5
If AMZN can close near the current HOD or higher, good odds it's going back up to test the all-time highs in the near future for about a 20% move. (iH&S) Need to wait to see what it does into EOD though. A look at that possible iH&S.  I don't think it's a coincidence that the iH&S points right to the previous high. It's working that neckline hard today. Sure looks like it will hold. Can buy here with tight stop, or wait for backtest.  |
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Post by huh on Jul 11, 2014 12:29:02 GMT -5
Someone else apparently seeing the same 400-408 target in AMZN. Many of the 08/16 calls up about double today. Especially the higher ones in the 385-410 range.
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Post by crumbdon on Jul 11, 2014 12:31:58 GMT -5
So..... Have the events of the last few days sucked in enough bears yet to start the squeeze?  |
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Post by huh on Jul 11, 2014 13:19:40 GMT -5
So..... Have the events of the last few days sucked in enough bears yet to start the squeeze? I think so. Now it's time for the blow-off top event.   |
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Post by huh on Jul 11, 2014 13:48:26 GMT -5
(from ST)
allstarcharts
J.C. Parets
Private equity & VC firms selling shares or exiting completely from their equity investments, selling them to public are at record this year
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Post by jacksrbtr on Jul 11, 2014 15:28:15 GMT -5
So..... Have the events of the last few days sucked in enough bears yet to start the squeeze? I think so. Now it's time for the blow-off top event. Okay but if Justin Timberlake and Janet Jackson do that again lets hope they go ALL the WAY!  |
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Post by jacksrbtr on Jul 11, 2014 15:33:12 GMT -5
So..... Have the events of the last few days sucked in enough bears yet to start the squeeze? I think so. Now it's time for the blow-off top event. Nick is supposed to announce his major reversal date this evening I suspect it's tomorrow with the new moon or some such horseshit like that. Stay tuned. |
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Post by huh on Jul 11, 2014 15:42:33 GMT -5
I think so. Now it's time for the blow-off top event. Okay but if Justin Timberlake and Janet Jackson do that again lets hope they go ALL the WAY! Bwahahaha |
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Post by huh on Jul 11, 2014 20:44:52 GMT -5
I think so. Now it's time for the blow-off top event. Nick is supposed to announce his major reversal date this evening I suspect it's tomorrow with the new moon or some such horseshit like that. Stay tuned. Allstarcharts on ST is calling for a possible top around 7/17 due to seasonal pattern and similarity to 1983. |
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Post by jacksrbtr on Jul 12, 2014 7:01:41 GMT -5
Nick of ITMS also quotes 7/17 as the reversal date , but he thinks that the OPEX may make it slide to 7/22.
He believes markets will generally then trend DOWN for 3-5mos. GL
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Post by huh on Jul 12, 2014 9:38:35 GMT -5
Nick of ITMS also quotes 7/17 as the reversal date , but he thinks that the OPEX may make it slide to 7/22. He believes markets will generally then trend DOWN for 3-5mos. GL Two really good technicians seeing the same thing. (I know ITMS is really good - not so sure about Allstarcharts, but seems to be) For me, I'm watching SPX and that rising wedge. Hit the upside of it, ~2-3% from here, and I'm on board with the pullback side. Especially if AMZN makes an attempt at that head test simultaneously. |
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Post by jacksrbtr on Jul 12, 2014 10:02:27 GMT -5
Nick of ITMS also quotes 7/17 as the reversal date , but he thinks that the OPEX may make it slide to 7/22. He believes markets will generally then trend DOWN for 3-5mos. GL Two really good technicians seeing the same thing. (I know ITMS is really good - not so sure about Allstarcharts, but seems to be) For me, I'm watching SPX and that rising wedge. Hit the upside of it, ~2-3% from here, and I'm on board with the pullback side. Especially if AMZN makes an attempt at that head test simultaneously. Yuh...Nick is also projecting a slight uptick like you before the reversal this week. I just had to spend a half hour stuffing the tomato plants back into their cages. Plants are over 7' high now and I see the first one turned red I do believe there might be a "BLT down mayo" in my immediate future!!! It just so happens that this first ripe tomato is of the "Mortgage Lifter" variety - I kid you not! Bwahahahaaaa! Have a great weekend Huh and all others. |
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Post by clinton on Jul 12, 2014 12:31:12 GMT -5
So..... Have the events of the last few days sucked in enough bears yet to start the squeeze? rail report crazy bullish really Attachments:
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Post by jacksrbtr on Jul 12, 2014 17:54:39 GMT -5
So..... Have the events of the last few days sucked in enough bears yet to start the squeeze? rail report crazy bullish really Yuh....Nick said something about the Dow Jones Transports last evening I'll try to remember and post it....thinking.... |
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Post by jacksrbtr on Jul 13, 2014 6:58:39 GMT -5
rail report crazy bullish really Yuh....Nick said something about the Dow Jones Transports last evening I'll try to remember and post it....thinking.... Nick said that there "is nothing wrong on the transport's daily chart (aside from a slight bearish wedge) BUT the MACD tells a different story - its making lower lows and has already crossed." He admits, however, that this signal may be 2-3wks in advance. GL Clint - did you get any tomato plants in the ground? |
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