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Post by huh on Sept 19, 2014 7:00:49 GMT -5
10 Things You Need To Know Before The Opening Bell Morning! Here are the big stories making an impact on the world on Friday. 1. Scotland Voted NO To Independence. By a margin of 55% to 45%, Scotland’s electorate rejected the opportunity to become independent. That’s not the end of it: The promises made late in the campaign probably mean all the countries in the United Kingdom will be getting new powers. 2. Markets Are Loving The No Vote. The FTSE is up, and even the Spanish IBEX stock index is feeling the love, up 1.35%. Analysts and investors are shaking off some of the uncertainty from the recent weeks of close polls. France's CAC 40 and Germany's DAX are up 0.54% and 0.91% respectively. 3. Alibaba Is Going To Have The Biggest IPO Ever. Alibaba priced its IPO yesterday after the close, at $68 per share, raising$21.8 billion from institutional investors. Trading on the shares will begin in New York today. 4. China Just Hit GlaxoSmithKline With A Record-Setting Fine. The state charged the pharmaceuticals giant the equivalent of$488.8 million over alleged bribery, and jailed former executives. The country has been cracking down on western companies operating in China. 5. Ford Is Cutting Fiesta Production In Europe. Ford is slowing down production on one of its popular hatchback models, blaming sluggish demand in the struggling Eurozone. 6. The Yen Slumped To A Six Year Low Against The Dollar.The yen reached 109 against the dollar last night, the lowest since 2008. Despite this, Japan's finance minister says US Treasury Secretary Jack Lew didn't raise it with him. 7. Oracle CEO Larry Ellison Has Stepped Down. The software firm announced that Safra Catz and Mark Hurd will be taking over, after some slightly disappointing results. 8. 56 Million Card Details Stolen From Home Depot. Criminals used unique, custom-built malware to evade detection in the breach, the company said. 9. France Is Attacking ISIS In Iraq. The French air force joins the US in attacking the militant group in the north of Iraq, the first European country to do so. 10. Software Giant SAP Is Spending Seven Billion Dollars On Concur Technologies. The German firm will acquire the US-based expense management company if shareholders approve the deal. Read more: www.businessinsider.com/10-things-you-need-to-know-before-the-opening-bell-2014-9#ixzz3DlJmQ300
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Post by huh on Sept 19, 2014 7:01:45 GMT -5
10 Things In Tech You Need To Know Today Oracle founder Larry Ellison is no longer the CEO of the company. He's now the CTO, and executive chairman. Mark Hurd and Safra Catz, previously co-presidents, will now be co-CEOs. It sounds like not much will be changed in terms of how the company operates. Alibaba priced its IPO at $68 per share, making it the biggest IPO in history. It's raising $21.8 billion at a $167.8 billion valuation. The stock starts trading this morning. Speaking of Alibaba, here's a look at some of the weird stuff you can buy on Alibaba. Elon Musk and his cousin Lyndon Rive gave an interview to Christopher Mims at the Wall Street Journal. The iPhone 6 is on sale today, and the lines are nuts. This is the new Beatlemania — thousands of teenage girls are going crazy about YouTube stars. We went to a convention of YouTube stars to see it firsthand. Microsoft cut 2,100 employees, and shut down its Silicon Valley research group. Snapchat hired former Nike marketing executive Eric Toda to be an account executive. Silicon Valley's new breed of startups face a looming risk. Companies that use freelancers, or contract workers are in trouble if regulators ever force those companies to make those employees full-timers. SAP bought Concur Technologies in an $8.3 billion deal. Concur does travel expense management for the enterprise. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-today-september-19-2014-9#ixzz3DlK0GOeW
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Post by huh on Sept 19, 2014 7:02:43 GMT -5
Frontrunning: September 19 Submitted by Tyler Durden on 09/19/2014 - 07:47 Scots spurn independence in historic vote but demand new powers (Reuters) Salmond’s Journey as Scotland’s Leader Ends Short of Destination (BBG) European Stocks Rally to 6 1/2-Year High on Scottish Vote (BBG) Jack Ma Planning Personal Roadshow With Clinton to Immelt (BBG) Some consumers say Apple is losing its 'cool' factor (Reuters) Gold IPhones at $3,600 as China Delay Fuels Black Market (BBG) This Man's Job: Make Bill Gates Richer (WSJ) Mom-and-Dad Banks Step Up Aid to First-Time Home Buyers (BBG) France says it launches first air strikes in Iraq (Reuters) China Construction Bank Chief Confirms PBOC Cash Injection (WSJ) Tiger Global Bets 2300% Gain for Bitauto Isn't Over (BBG) GM to Build New Cadillac Model in Detroit (WSJ) BBC Journalists Attacked Investigating Servicemen Deaths in Russia (WSJ) China hands drugmaker GSK record $489 million fine, sentences executives (Reuters) Brazil's Rousseff closes in on Silva ahead of October vote (Reuters) www.zerohedge.com/news/2014-09-19/frontrunning-september-19
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Post by huh on Sept 19, 2014 8:47:37 GMT -5
Sobering thought...if S&P were trading at it's average p/e ~15, it would be in the low 1500's right now.
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Post by huh on Sept 19, 2014 9:01:11 GMT -5
All 3 major indices above their top BB's with a gap-up open.
Scares me. Would have to respect the potential for a short term top if SPX were to lose 2011.
But otherwise, squeeze away!
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Post by crumbdon on Sept 19, 2014 9:18:57 GMT -5
All 3 major indices above their top BB's with a gap-up open. Scares me. Would have to respect the potential for a short term top if SPX were to lose 2011. But otherwise, squeeze away! For the sake of irrelevance, please delete everything but that last sentence.
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Post by huh on Sept 19, 2014 10:09:51 GMT -5
Could be a good sized H&S forming in XLE on the daily chart. If so, peak of the right shoulder is already in, but still above neckline.
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Post by huh on Sept 19, 2014 10:49:08 GMT -5
Market has a big decision to make by the close. Gonna use hard stops today.
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Post by jacksrbtr on Sept 19, 2014 10:52:38 GMT -5
Market has a big decision to make by the close. Gonna use hard stops today. Quadruple Witching (my bitch Ex must obviously be involved).
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Post by huh on Sept 19, 2014 11:00:10 GMT -5
GILD hitting the 110 minimum target in pre-market. This trade is now complete. Uh-oh
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Post by huh on Sept 19, 2014 11:02:03 GMT -5
Anyone taking advantage of the short opportunity in GPRO today? (if not, I'm not going to follow it) I'd short GPRO at 69.00, or 68.25. Whichever comes first (currently at 68.79). Gotta run for a few. Uh-oh
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Post by huh on Sept 19, 2014 11:04:25 GMT -5
...(re: CAT long & short plays while RS was formed) Both the short and the long plays went almost exactly as planned. Nearing the top resistance line & top BB. Could go on for a head test, but these set-ups are now complete. View AttachmentUh-oh
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Post by huh on Sept 19, 2014 11:07:29 GMT -5
14.34 double bottom looks good (re: BTU)If it were to lose 15.45 by end of June, I see low to mid 8's as a target. But have to see how it does at 16 here. That's the 2008 low. Uh-oh
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Post by huh on Sept 19, 2014 11:09:31 GMT -5
NBG coming up on a confluence of resistances ~3.70. 100dma, 07/07 gap fill and 61.8 FIB from 06/09 high. (currently @ 3.65) Uh-oh
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Post by sloop on Sept 19, 2014 11:11:04 GMT -5
This is the time to go all cash and let the market decide for you.
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Post by huh on Sept 19, 2014 11:11:28 GMT -5
Bloomberg reporting that SODA in talks for a buyout ~$40.00 - "according to people familiar with the matter" These anonymous reports usually turn out to be false, so could be a good quick short trade here. Currently trading around $34.50 after being halted for volatility. Risky though. Use a stop. If hit, $37 would be an ideal place to short with a tight stop. $35.25 is a back test of a bearish pattern pointing to ~26.50, and $36.20 is the back test of a larger bearish pattern pointing to ~16. Nice FIBbing and flagging. Could get oogly for SODA. Lose that recent low and should see ~29.75. Still have long term downside targets of 26.50 & 16.00. Like the company, but the chart apparently doesn't, at least not right now. [chart] Uh-oh
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Post by huh on Sept 19, 2014 11:13:25 GMT -5
...you can see why I said market has a big decision. If it doesn't squeeze here it would get ugly for a bit. That's the problem with these straight-up type moves. No supports are created.
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Post by huh on Sept 19, 2014 11:21:29 GMT -5
But VIX scams forming a H&S. So the close should tell us whether they'll play out here and market squeezes, or if they themselves will get squeezed for some gap filling & FIB retracing.
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Post by sloop on Sept 19, 2014 11:27:39 GMT -5
No longer a gun slinger. Losing over 1.5 million dollars has taught me. Now I can say I am OK with having gone through it. Not out of the woods yet, but I did kept my credit intact and I didn't put a round through my head. So I'm a winner. The big deal is I lost my house but I kept my Harley. Thanks to Wendy, she didn't let me sell it.
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Post by Herceg on Sept 19, 2014 12:46:44 GMT -5
No longer a gun slinger. Losing over 1.5 million dollars has taught me. Now I can say I am OK with having gone through it. Not out of the woods yet, but I did kept my credit intact and I didn't put a round through my head. So I'm a winner. The big deal is I lost my house but I kept my Harley. Thanks to Wendy, she didn't let me sell it. Sloop - It is nice to see you on board and I'm sorry to hear of your misfortunes.........I know I have had more than my fair share of losses and as you stated being a gunslinger is not the way to do things...............I still find myself falling into that pattern every now and then and as usual it never works to my favor................I thought I could make 1K / day and be filthy rich but of course that never materialized............it makes things much easier making small amounts and let them add up............. Again nice to see you on board and hope you stick around..............I'm sure we would agree on many political viewpoints as well JMO and BOL !!!!!!
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