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Post by clinton on Aug 29, 2014 6:13:28 GMT -5
weekly rail from yesterday Attachments:
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Post by clinton on Aug 29, 2014 6:33:51 GMT -5
10 Things In Tech You Need To Know Today JAY YAROW 51 MINUTES AGO 11 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL Tim Cooke REUTERS/Robert Galbraith Good morning! It's a warm (78 high), sunny day in New York ahead of Labor Day weekend. There's a lot going on as we head into the weekend, so let's dig in to the news. Apple sent out invites for a press event on Tuesday September 9. Apple is expected to announce two new versions of the iPhone, as well as an iWatch. Apple will reportedly announce a new mobile payment system that will be exclusive to the new iPhone models. This is going to be a gigantic event for Apple. The venue can seat over 2,000 and Apple is building a three-story structure to host everyone. Google has been working on a drone delivery program much like what Amazon announced last year. Google gave The Atlantic access for a big story about the program. Mikael Hed, The CEO of Rovio, the company behind Angry Birds, is stepping down in January of next year. He will be replaced by a Nokia executive. Angry Birds was once king of the App Store, but it whiffed on in-app payments, and now is well behind the competition. Google executive Megan Smith is close to being announced as the White House's next CTO. Bloomberg Businessweek has a big story about how YouTube has turned into a hit factory pumping out shows/characters that teens and pre-teens love. New York Times columnist Farhad Manjoo says there is basically no difference between using Lyft or Uber in San Francisco. Both companies are fighting each other bitterly to win the car-sharing/new taxi markets, but they are commodity services at this point. Adam D'Angelo, CEO of Quora, says he plans to roll out ads next year to start generating revenue. "One of the best things about ads is that you don’t need to exclude anyone... we think ads are pretty well aligned with our mission." Nokia is making a version of its "Here" maps exclusively for Samsung phones running Android. Seems like a small deal, right? Well, Samsung and Google have a tense relationship, and this is an example of Samsung trying to create some leverage for itself against Google by having maps that can replace Google Maps. From Nokia's perspective, since it sold its handset business to Microsoft, this a major deal since it's focusing on services like mapping. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-today-august-29-2014-8#ixzz3BmPvehy1
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Post by clinton on Aug 29, 2014 6:44:11 GMT -5
Frontrunning: August 29 Submitted by Tyler Durden on 08/29/2014 - 07:43 Obama Cools Talk of Strikes Against Islamic State in Iraq or Syria (WSJ) Separatists say will allow 'trapped' Ukrainian forces to withdraw (Reuters) Ukraine Fighting Surges as Russian-Backed Forces Gain (BBG) Missouri police sued for $40 million over actions in Ferguson protests (Reuters) BTFDividend stocks? Tesco Slumps as Retailer Slashes Dividend 75% on Forecast (BBG) In town halls, U.S. lawmakers hear voter anger over illegal migrants (Reuters) Obamacare’s Latest Threat Nears Turning Point in Court (BBG) Untangling the Mess of Austrian Bank Hypo (WSJ) The billion-dollar fall of the house of Espirito Santo (Reuters) Manhattan Condo Resale Prices Reach Record High (BBG) California Drought Squeezes Wells: State Considers Regulating Groundwater Use for First Time (WSJ)
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Post by clinton on Aug 29, 2014 7:21:16 GMT -5
10 Things You Need To Know Before The Opening Bell SAM RO 58 MINUTES AGO 243 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL italy red carpet smoke fog REUTERS/Tony Gentile Italian actress Cristina Capotondi attends the red carpet for the movie "La Rancon de la gloire" (The Price of Fame) at the 71st Venice Film Festival August 28, 2014. Good morning! Here's what you need to know: Eurozone Inflation Inches To Zero. Consumer prices inflation in the 18-country eurozone slowed to a five-year low of 0.3% in August, a slight tick down from 0.4% in July. "Euro-area inflation fell closer to zero in August," said Bloomberg economists Maxime Sbaihi and Niraj Shah. "The releases add weight to speculation the European Central Bank could announce further monetary stimulus as soon as next week." Eurozone Unemployment Still Stinks. The unemployment rate was unchanged at 11.5% in July. "Joblessness remains elevated in the euro area, but the recent signs of improvement should not be ignored," said Pantheon Macroeconomics' Claus Vistesen. "The unemployment rate in the eurozone has declined steadily this year, and is down 0.5% from a peak in 2013. This is significant, but the main story is that overall growth is still too low to make a meaningful dent in unemployment." Italy Is In Deflation. Italy revealed consumer prices actually fell 0.2% year-over-year in August, a sharp deterioration from 0.0% in July. In other words, Italy is in deflation. German Retail Sales Tumble. Retail sales in Europe's largest economy plunged 1.4% in July, missing economists' expectations for a modest 0.1% increase. This was the biggest month-over-month decline since December. "The monthly data are extremely volatile, and we should expect a reversal next month, but with German retail sales down 0.42% quarter-on-quarter in Q2, this is hardly the best start to the third quarter," said Pantheon's Vistesen. Abenomics Is Failing Japan. The world's third largest economy released a slew of disappointing data. Household spending plunged by 5.9% in July, which was worse than the 2.9% decline expected. The unemployment rate unexpectedly ticked up to 3.8% in July; economists were expecting it to be unchanged at 3.7%. Industrial production climbed by just 0.2% in July, which was much more modest than the 1.0% expected. Markets Are Up Ahead Of The 3-Day Weekend. Asia closed mixed with Japan's Nikkei down 0.2% and Hong Kong's Hang Seng up a fraction of a percent. Europe is modestly in the green with Britain's FTSE up 0.2%, France's CAC 40 up 0.2% and Germany's DAX up 0.2%. U.S. futures are up with Dow futures up 37 points and S&P futures up 5 points. Get Ready For U.S. Data. There are three big economic reports coming today, starting with the July personal income and spending report at 8:30 a.m. ET. Economists estimate income jumped by 0.3% while spending climbed by 0.2%. "Weekly earnings for production and nonsupervisory employees from the BLS employment report increased in July," noted Nomura economists. "As for personal spending, core retail sales hit a soft patch, increasing by only 0.1% in July as most categories showed a decline or lackluster growth. Moreover, energy spending likely slowed in July as the weather was more moderate than usual, leading to less demand for air conditioning." A Midwest Economic Update. The Chicago Purchasing Managers index report will be released at 9:45 a.m. ET. Economists estimate this regional activity index jumped to 56.5 in August from 52.6 in July. "This would be a rebound after a sharp fall in July and consistent with the upward move in the Philadelphia Fed index in August," said Barclays economists. American Confidence. The University of Michigan's consumer confidence report will be released at 9:55 a.m. ET. Economists estimate this index of sentiment to registered at 80.0 in August, down from 81.8 in July but up from a preliminary estimate of 79.2. " If [79.2] sustained for the month as a whole, this would be the lowest level on the consumer sentiment index since November 2013," noted Credit Suisse economists. "But if equity markets continue to recover from their early-month swoon and geopolitical fears stabilize, we may see a slightly higher final sentiment reading for August. Lower gasoline prices probably are still helping to boost sentiment, as well." Malaysia Airlines Is Getting Smaller. "Malaysia Airlines will cut 30% of its workforceas part of a restructuring that will cost 6 billion ringgit ($1.90 billion), majority investor Khazanah Nasional said on Friday," reported Reuters' Al-Zaquan Hamzah. "Khazanah said the carrier will trim its staff by 6,000 to 14,000 as it seeks to stem long-running losses worsened by two aircraft disasters this year." Read more: www.businessinsider.com/opening-bell-august-29-2014-2014-8#ixzz3BmbrMkox
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Post by walnut on Aug 29, 2014 8:36:27 GMT -5
Need a 15 minute volatility shakeout.
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Friday
Aug 29, 2014 8:47:52 GMT -5
huh likes this
Post by walnut on Aug 29, 2014 8:47:52 GMT -5
here it is
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Post by walnut on Aug 29, 2014 8:56:49 GMT -5
sold some es puts for next week
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Post by crumbdon on Aug 29, 2014 9:06:18 GMT -5
Should be short-lived. Banks on a roll today, gonna make sure SPX finishes the week on a fresh new all-time high.
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Post by huh on Aug 29, 2014 9:31:15 GMT -5
Should be short-lived. Banks on a roll today, gonna make sure SPX finishes the week on a fresh new all-time high. Unless XLF breaks that 23.35 resistance, the only rolling they'll be doing is down hill.
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Post by huh on Aug 29, 2014 9:36:36 GMT -5
If this bull market stays true to it's status quo re: holidays, then next week should be a red one.
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Friday
Aug 29, 2014 10:03:17 GMT -5
nats likes this
Post by huh on Aug 29, 2014 10:03:17 GMT -5
Investors Intelligence has bears back at their lowest level for 2014 (15.1%).
...don't take me wrong. I'd rather markets rallied next week! SPX ~2046.50 next Friday would be sweet.
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Post by crumbdon on Aug 29, 2014 10:15:54 GMT -5
If this bull market stays true to it's status quo re: holidays, then next week should be a red one. If this really is a market in its final squeeze, then I expect it to break a lot of rules as it tops. Wouldn't surprise me at all to see only pauses, no pullbacks. Also, I think XLF headfaked below that 23.35, and will pull right back over it soon, maybe today. Hard to tell anything today, though- holiday, low volume, Friday options, etc. Should know early next week. Sucks to be such such a bear, and feel so (temporarily) bullish
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Post by huh on Aug 29, 2014 10:31:40 GMT -5
I wish AMD would break one way or the other already. Had a dream last night it hit 7.68. So now I'm feeling a little more pressure about not owning it. LOL. Was feeling it already because it hasn't failed the bear wringer pattern yet (possibly targeting 6.85) Frickin' dreams.
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Friday
Aug 29, 2014 10:39:26 GMT -5
via mobile
Herceg likes this
Post by crumbdon on Aug 29, 2014 10:39:26 GMT -5
XLF didn't even flinch as it passed 23.35.
Has to close over it now. I think it does, no problem.
Greed now rules from here to the end.
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Post by huh on Aug 29, 2014 10:48:28 GMT -5
XLF didn't even flinch as it passed 23.35. Has to close over it now. I think it does, no problem. Greed now rules from here to the end. 23.38 is the 76.4 FIB from Tuesday's high to today's low. If it breaks out over that (not just closes), then I'm with ya on a rise next week.
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Post by huh on Aug 29, 2014 11:13:45 GMT -5
I wouldn't short the markets here. But if NDX were to lose 4070 today, can pretty much count on some retracing of this rally next week.
JMHO
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Post by huh on Aug 29, 2014 11:17:33 GMT -5
AFK for a bit. Getting a haircut.
...and hopefully only in the literal sense!
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Friday
Aug 29, 2014 12:39:21 GMT -5
Post by huh on Aug 29, 2014 12:39:21 GMT -5
Whaddya guys think of my haircut? picBe honest.
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Post by Herceg on Aug 29, 2014 12:58:14 GMT -5
Whaddya guys think of my haircut? picBe honest. One of two things is going on here...............either you want to punish your wife in public or you want to scare your kids into making sure they listen..
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Post by crumbdon on Aug 29, 2014 13:36:31 GMT -5
Congratulations.
You now belong on a Dr. Who episode.
(That WAS what you were trying for.....right?)
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