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Post by huh on Oct 16, 2014 7:20:57 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! Here are the major news stories already making an impact today. Italy’s tax Cut Is The Biggest Ever Done. Italy's cabinet on Wednesday approved a 2015 budget just hours before an EU deadline, unveiling plans to increase borrowing to slash taxes by €18 billion ($23.03 billion). Saudi Arabia And Dubai Markets Plunge Amid Panic Selling. Saudi Arabia's main stock index plunged 5 percent on Thursday amid panic selling by retail investors, dragging down other stock markets in the Gulf. Europe's 'Fear Index' Is Smashing Through The Roof Today. Europe's volatility-measuring VSTOXX index is up by more than 20% already today. European Markets Are Getting Hammered Again. The FTSE 100 is down 1.83%, France's CAC 40 index is down 2.40% and Germany's DAX is down 1.76%. US Industrial Production Is Coming. At 9.15 a.m. ET, we’ll have industrial production figures for September, with analysts expecting a 0.4% increase from August. Then at 10 a.m. ET, the Philadelphia Fed manufacturing survey is out. Airbus’ CEO Says Germany Treats Defence Companies Like Smut. Germany treats the sector like 'smut', Airbus Group Chief Executive Tom Enders told a German newspaper. Hong Kong’s Leader And Protestors Might Go Back To Negotiating. Hong Kong's embattled leader reopened his offer of talks with student leaders Thursday a week after the government abruptly pulled out of discussions. ISIS’ Advance Has Been Stalled By Airstrikes. The advance of Islamic State fighters on Kobani stalled on Thursday according to a monitoring group, after U.S.-led coalition warplanes launched their heaviest bombardment yet on the militants. The White House Is Now In Crisis Mode Over Ebola. The White House has cancelled two days of planned political events as President Barack Obama strives to show he has control over stopping the spread of the deadly disease. Oil Just Crashed Below $80. West Texas Intermediate crude (WTI) is now below $80/barrel for the first time since summer, 2012. Read more: www.businessinsider.com/10-things-you-need-to-know-before-the-opening-bell-2014-10#ixzz3GJGydGK6
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Post by huh on Oct 16, 2014 7:21:45 GMT -5
10 Things In Tech You Need To Know This Morning 1. Apple accidentally leaked the details of the new iPad ahead of its reveal later today. The specifications were found in a digital iPad user guide. 2. Netflix's stock price crashed after announcing its third quarter earnings. Shares were down nearly 20% following the news. 3. Google officially announced the Nexus 6 smartphone. It has a giant 6-inch screen. 4. HBO is planning on launching a standalone web TV service. The company has said that the service will arrive in 2015. 5. will.i.am has unveiled his smartwatch, the i.am+ PULS. Unlike the Apple Watch, It doesn't need to be tethered to a phone. 6. Apple is reportedly planning on removing Fitbit's products from its stores. This is ahead of the launch of the Apple Watch next year. 7. Facebook has introduced a new feature that lets you notify your friends of your safety following a natural disaster. You'll be able to check which of your friends were affected. 8. Google has announced Lollipop, the latest version of its Android software. It features deeper integration between devices and more security. 9. Reddit has acquired Alien Blue, the most popular third-party Reddit app. The app's pro mode is free for the next week. 10. Tesla is planning on building 200 charging stations in China. The company will also open a store there. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-october-16-2014-10#ixzz3GJHC7EwV
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Post by huh on Oct 16, 2014 7:23:03 GMT -5
Frontrunning: October 16 Submitted by Tyler Durden on 10/16/2014 - 07:26 Dallas County May Declare State of Disaster From Ebola Virus (BBG) Markets on edge after worst turmoil in four years (Reuters) Central bankers may have no quick fix as markets swoon, economy weakens (Reuters) Risk of Deflation Feeds Global Fears (Hilsenrath) U.S. health official allowed new Ebola patient on plane with slight fever (Reuters) Texas Hospital Fights Allegations About Ebola Protocols (BBG) Treasuries Gain as Oil Drops Below $80 While Stocks Slide (BBG) Greek Bonds Slump on Bailout Concern as Spain Misses Sale Target (BBG) White House shifts into crisis mode on Ebola response (Reuters) Obama Confronts Slippery Slope as Islamic State Advances (BBG) Cocktail of Trouble for Liquor Makers Diageo, Rémy Cointreau and LVMH (WSJ) Dark Pools Said to Rebuff Orders Amid U.S. Volume Surge (BBG) EU Starts Two-Week Austerity Scrutiny as Crisis Reawakens (BBG) U.S. foreclosure activity falls to eight-year low (Reuters) Well that was fun: AbbVie board ditches planned $55 billion Shire acquisition (Reuters) Lockheed says makes breakthrough on fusion energy project (Reuters) Paris’s `Squalor Pit’ Gare du Nord Becomes French Decline Symbol (BBG) www.zerohedge.com/news/2014-10-16/frontrunning-october-16
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Post by huh on Oct 16, 2014 7:47:17 GMT -5
S&P futures currently indicating S&P to open lower by only 36 points or so.
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Post by huh on Oct 16, 2014 7:53:50 GMT -5
Seeing potential for a pattern in futures for ~1780. Have to see if it sets-up, but now things are getting scary.
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Post by huh on Oct 16, 2014 8:40:10 GMT -5
ATRS I know nothing about this stock (not even what they do), but it's breaking over a LT downtrend (orange line). Looks like it could be a good buy (with tight stop) anything in the really low 2's...
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Post by huh on Oct 16, 2014 8:56:53 GMT -5
What I hope to see today/tomorrow is SPX close near the lows of the day (1805-1815), then overnight futures go much lower (~1780's), BUT then futures recover by morning.
That, for me at least, would be a an indication of a bottom.
JMHO
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Post by huh on Oct 16, 2014 9:13:37 GMT -5
Have to admit, this sell-off is downright scary. Large 'Obama's Polls' pattern in YHOO on the daily. And look at AMZN; large H&S pattern on the daily. It's neckline sits ~287.50 today.
I'm playing this on the thought that many of these large H&S pattern will break the neckline, but then squeeze back for a head test, or even slightly higher. But it's risky. And only based on the fact that so many have done this time and time again (& while QE was in place).
But if I'm wrong about that...
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Post by huh on Oct 16, 2014 9:24:38 GMT -5
Meeeow (SPX)
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Post by crumbdon on Oct 16, 2014 9:51:46 GMT -5
LOL, (*E)Q.E. just implied by Fed's Plosser (*E-ternal) So.....do the charts win today......or the news? ?
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Post by Herceg on Oct 16, 2014 10:13:53 GMT -5
This mkt. has me confused to no end..........cannot make up its mind what it wants to do........hard to trade for me........still expect more downside, however it keeps flirting with the upside................still think this is a lull to get the little guy buying, but what the hell do I know.............. JMO and BOL.........
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Post by walnut on Oct 16, 2014 10:21:19 GMT -5
My account is up over 2% since the drop began last week **pats himself on the back**
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Post by huh on Oct 16, 2014 10:23:01 GMT -5
This mkt. has me confused to no end..........cannot make up its mind what it wants to do........hard to trade for me........still expect more downside, however it keeps flirting with the upside................still think this is a lull to get the little guy buying, but what the hell do I know.............. JMO and BOL......... Aaaay-men! Haven't really been able to watch since market opened, but looks crazy.
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Post by huh on Oct 16, 2014 10:26:08 GMT -5
LOL, (*E)Q.E. just implied by Fed's Plosser (*E-ternal) So.....do the charts win today......or the news? ? So does that mean to really, REALLY worry if the market were to drop now?
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Post by huh on Oct 16, 2014 10:29:09 GMT -5
SPX futures testing overnight highs now. Double-bottom? Or, MM-Mulligan?
We'll find out soon enough.
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Post by sloop on Oct 16, 2014 10:46:37 GMT -5
Sorry about the KNDI thread. Jack and I need to get over it. We were very very close at one time. anyway if someone knows how to take down our arguments I would be greatful
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Post by huh on Oct 16, 2014 10:49:21 GMT -5
IWM backtesting the large failed support line (the one drawn across lows since February).
If the market could make new highs here, SPX could be back in the 19-teens (above 200dma) in no time.
If not, futures pointing to 1780's or lower.
IWM must hold support 106.29.
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Post by huh on Oct 16, 2014 11:08:46 GMT -5
Futures back to mid/high-1850's (SPX low/mid 1860's) could form the right shoulder of a H&S.
This market's on crack, and not in the good way.
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Post by huh on Oct 16, 2014 11:13:49 GMT -5
If this market wants to make another lower low (versus squeezing from here), I'd rather see it happen today.
To end the week on the lows with some of those potential island tops out there would scare the b'jesus out of me.
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Post by huh on Oct 16, 2014 11:46:34 GMT -5
Come on IWM, squeeze it!
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