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Post by clinton on Oct 9, 2014 0:05:09 GMT -5
Thursday's economic calendar Chain Store Sales 8:30 Initial Jobless Claims 10:00 Wholesale Trade 10:30 EIA Natural Gas Inventory 1:00 PM Results of $13B, 30-Year Note Auction 11:00 Mario Draghi Speech 3:40 PM Fed's Williams: Economic Outlook 4:30 PM Money Supply 4:30 PM Fed Balance Sheet
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Post by clinton on Oct 9, 2014 6:39:01 GMT -5
Frontrunning: October 9 Submitted by Tyler Durden on 10/09/2014 - 07:31 Five U.S. airports to screen for fever (Reuters) Danger, central banks trading with each other: Bipolar U.S. Stocks See Biggest Mood Swing in Three Years (BBG) Draghi Policies Blunted in Berlin as German Protests Grow (BBG) White policeman kills black teen in St Louis, triggering fresh protests (Reuters) Au Revoir to France’s Welfare Model as Socialists Cut Spending (BBG) Here comes Roberto Cavalski (Reuters) There are 49 U.S. venture-capital-backed companies with a valuation of $1 billion or more—the highest number on record (WSJ) Pressure mounts on Hong Kong leader over payout amid crisis (Reuters)
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Post by huh on Oct 9, 2014 7:08:47 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! These are the major stories making an impact on global markets so far today. Italy Just Passed Major Labor Market Reforms. Italian Prime Minister Matteo Renzi won the most important parliamentary confidence vote of his eight-month-old government early on Thursday on a labour reform proposal. German Exports Plunged. Germany’s outward trade slumped by 5.8% in August, the biggest fall since the height of the global financing January 2009. India Is Braced For A Major Cyclone. India began stocking shelters with rations, deploying disaster response forces and planning mass evacuations as an increasingly powerful cyclone hurtled toward its southeast coast on Thursday. Facebook Has No "Near Term" Plans To Monetize WhatsApp. Chief executive Mark Zuckerberg said Facebook would not be trying to monetize its newest acquisition in the near future, but didn't clarify further than that. After Three Years, London’s House Prices Are Finally Slowing. A group of surveyors has recorded the first drop in prices in the city since 2011. US Initial Jobless Numbers Are Coming. The numbers are out at 8:30 a.m. ET, and analysts are expecting a reading of 294,000. The Ruble Is In Trouble. The Russian central bank was forced to intervene again in currency markets to defend the ruble, having spent about $55 billion of its reserves defending the currency in 2014 so far. Alcoa Earnings Beat Their Forecast. Rising aluminum prices are boosting Alcoa and its latest results sent stock prices up in after-hours trading. ISIS Now Controls 'More Than A Third' Of Crucial Syrian Border Town. Islamic State group jihadists were in control Thursday of more than one-third of the Syrian border town of Kobani. European Markets Are Up. Despite the terrible trade data, Germany's DAX is up 0.82%, the UK's FTSE 100 is up 0.24% and France's CAC is up 0.02%. The Nikkei closed down 0.75%, while the Hang Seng closed up 1.17%. Read more: www.businessinsider.com/opening-bell-oct-9-2014-2014-10#ixzz3FeI7xBBc
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Post by huh on Oct 9, 2014 7:09:53 GMT -5
I thought this was funny...picture & caption for one of the articles above: Germany's export numbers don't make for happy reading.
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Post by huh on Oct 9, 2014 7:10:30 GMT -5
10 Things In Tech You Need To Know This Morning 1. Activist investor Carl Icahn is going to send an open letter to Apple CEO Tim Cook today. He'll probably call on Apple to issue dividends to shareholders. 2. Microsoft CEO Satya Nadella has admitted that the company made mistakes with Windows 8. This comes ahead of the launch of Windows 10. 3. A vulnerability in business communication tool Slack revealed the secret chatrooms of major tech companies. Slack had previously claimed that it was a feature. 4. Twitter's head of news Vivian Schiller is leaving the company. She worked there for less than a year. 5. Snapchat CEO Evan Spiegel announced yesterday that ads are coming soon to the app. But users will have the option to hide them. 6. Bill Gates has racked up $40,000 in fines over a pile of horse manure at his Florida home. It's stored too close to a pond. 7. Facebook is teaming up with Pinterest and Box for a new mentorship program. It's designed to help women break into the tech industry. 8. Elon Musk is set to unveil the D today. It's code for a new product announcement taking place today in California. 9. Apple has sent out invitations to its iPad event on Oct. 16. We'll likely see an updated iPad Air and OS X Yosemite. 10. HTC has unveiled its GoPro killer. The HTC Re will retail for $199. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-october-9-2014-2014-10#ixzz3FeInhU4J
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Post by huh on Oct 9, 2014 7:34:41 GMT -5
Here's that set-up in AA. Trying for an iH&S in order to avoid a larger double-top Neckline sits between 16.17-16.19 today. (Chartician Trivia: anyone know all 3 signals that can occur within a H&S type pattern, before the breakout, that indicate it may fail after the breakout?)
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Post by huh on Oct 9, 2014 7:40:25 GMT -5
Initial Jobless Claims Act: 287K|Cons: 294K|Pre: 288K
Continuing Jobless Claims Act: 2381K|Cons: 2410K|Pre: 2402K
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Post by huh on Oct 9, 2014 7:48:16 GMT -5
Can You Spot The Differences Similarities? SPX daily chart attempting to recreate an almost identical set-up to the Jan-Apr pattern of this year. Even same size in time. Only difference is this current pattern's upside target is not as high in % terms. If it succeeds, minimum upside target 2040's.
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Post by huh on Oct 9, 2014 7:54:38 GMT -5
I saw a lot of rounded bottoms formed yesterday in some of the recently lagging sectors such as energy & materials (ie. AKS, GTE, WLT, CLF)
Keeping a close eye on those today.
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Post by huh on Oct 9, 2014 8:06:57 GMT -5
S&P futures chart look like yesterday's bullish move could fail. Rolling over and a gap below ~1933 (which would be equivalent to ~1940 in S&P).
I wonder what Dino's seeing.
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Post by huh on Oct 9, 2014 8:09:02 GMT -5
Herc, no more "What to watch......"?
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Post by walnut on Oct 9, 2014 8:23:54 GMT -5
I think Apple should issue a super-enormous dividend. That is the life-cycle of a spectacularly successful techie/gadget company. Shareholder wealth will have to erode.
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THUR
Oct 9, 2014 8:27:36 GMT -5
Post by Herceg on Oct 9, 2014 8:27:36 GMT -5
Herc, no more "What to watch......"? No not anymore, you were the only one that ever commented or provided your thoughts on the stocks. I would get views but if others did not care to share with us, I figured why bother................... JMO and BOL........
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Post by huh on Oct 9, 2014 8:32:07 GMT -5
Herc, no more "What to watch......"? No not anymore, you were the only one that ever commented or provided your thoughts on the stocks. I would get views but if others did not care to share with us, I figured why bother................... JMO and BOL........
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Post by huh on Oct 9, 2014 8:33:26 GMT -5
Whoa! Glad I didn't get filled yesterday on AMD. Down ~9% at the open. Well, downside target hit anyway, and them some. Scratching that one off the list of calls... Have to see if it turns into a double-bottom. But definitely needs some upside to confirm it now.
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Post by huh on Oct 9, 2014 8:43:51 GMT -5
Here's that set-up in AA. Trying for an iH&S in order to avoid a larger double-top View AttachmentNeckline sits between 16.17-16.19 today. (Chartician Trivia: anyone know all 3 signals that can occur within a H&S type pattern, before the breakout, that indicate it may fail after the breakout?)AA did a full 76.4 Retracement of the gap-up. 16.18 is support now.
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Post by huh on Oct 9, 2014 8:45:17 GMT -5
AMD support for a potential double-bottom is 3.02 now.
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Post by huh on Oct 9, 2014 8:47:43 GMT -5
AKS supports for a small potential cup'n'handle are 6.79, 6.72 & 6.62. Lose that last one and things get really ugly (because it would fail a much, much larger cup'n'handle).
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Post by huh on Oct 9, 2014 8:50:29 GMT -5
AMZN support 319.30.
AAPL support 101.45.
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Post by dino on Oct 9, 2014 8:51:01 GMT -5
S&P futures chart look like yesterday's bullish move could fail. Rolling over and a gap below ~1933 (which would be equivalent to ~1940 in S&P). I wonder what Dino's seeing. Dino sees a buy in AMD. In at 3.00. Playing bottom of horizontal channel and oversold conditions. Small position for da scalp. ES 4hr broke out of it's small down channel for the second time yesterday. Looks like this is just some consolidation above the 50 and 20 day sma. Kind of looks iH&S ish as well. No worries being long unless it gets back into that down channel again imo.
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