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Post by clinton on Oct 21, 2014 5:59:12 GMT -5
Tuesday's economic calendar 7:45 ICSC Retail Store Sales 8:55 Redbook Chain Store Sales 10:00 Existing Home Sales
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Post by clinton on Oct 21, 2014 6:01:16 GMT -5
QQQ Futures point to higher open Nasdaq 100 (NASDAQ:QQQ) futures lead the way, up 0.7%, paced by Apple's 2% premarket gain following strong earnings last night. S&P 500 (NYSEARCA:SPY) futures are up 0.6%, and DJIA (NYSEARCA:DIA) ahead 0.4%.A 2.2% gain in Italy (NYSEARCA:EWI) is leading Europe sharply higher, and the Nikkei overnight gave back half of its 4% Monday gain.
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Post by clinton on Oct 21, 2014 6:54:36 GMT -5
KO Coca-Cola EPS in-line, misses on revenue Coca-Cola (NYSE:KO): Q3 EPS of $0.53 in-line.Revenue of $11.98B (-1.2% Y/Y) misses by $140M.Shares -3% PM.
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Post by clinton on Oct 21, 2014 7:20:56 GMT -5
Frontrunning: October 21 Submitted by Tyler Durden on 10/21/2014 - 07:12 Total CEO de Margerie killed in Moscow as jet hits snow plough (Reuters) China GDP Growth Rate Is Slowest in Five Years (WSJ) Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom (BBG) Carney Faces Scrutiny on Worst Payments Outage Since 2007 (BBG) Ebola crisis turns a corner as U.S. issues new treatment protocols (Reuters) Gold Buying Rebounds in India on Diwali Jewelry Sales (BBG) China-backed hackers may have infiltrated Apple's iCloud (Reuters) Greece Said to Seek Recycling of Bank Funds for Exit (BBG)
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Post by clinton on Oct 21, 2014 7:22:09 GMT -5
10 Things You Need To Know Before The Opening Bell MIKE BIRD 49 MINUTES AGO 610 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL total ceo christophe de margerie REUTERS/Charles Platiau Christophe De Margerie died in a plane accident in Moscow. Good morning! These are the major stories already making an impact globally Tuesday morning. Oil Giant Total's CEO Has Died In A Plane Crash. Christophe de Margerie died in a plane accident at about midnight Tuesday in Moscow when his plane collided with a snowplow driven by someone who was drunk. UK Public Finances Are Still A Mess. Figures out Tuesday show that the government actually borrowed more in the first six months of the fiscal year than it did during the same period last year, going against its plans. US Home Sales Are Coming. Figures for US existing home sales are out at 10 a.m. ET, with analysts expecting 5.1 million sales last month, up 1% from August. The US Says A Pacific Trade Pact Is Close. The time is "ripe" for Japan and the United States to reach a breakthrough in talks for a Trans-Pacific Partnership trade pact, the US commerce secretary said Tuesday, adding that the two were "a lot closer" to a deal than they were in recent months. European Markets Are Up. After a rocky morning, all of Europe's major indices were up by more than 1%, except the UK's FTSE 100, which is still 0.94% higher than Monday's close. The Nikkei ended down 2.03%. Lufthansa's Pilots Union Is Not Ruling Out Longer Strikes. Industrial action at Lufthansa could continue beyond Tuesday if the German airline fails to resume negotiations with its disgruntled pilots. China Is Slowing. Data released Tuesday showed that GDP grew by 7.3% in the third quarter of 2014 compared with a year earlier, its slowest pace since the first quarter of 2009. Hong Kong's Leader Says Poor People Would Ruin A Free Election. CY Leung said open elections would result in the city's many poor dominating politics. Staples Is Investigating A Possible Payment Card Data Breach. The firm said late Monday that it had contacted law enforcement over the possibility that it had been hit by a cyberattack. Russia Is Hoping For A Gas Deal With Ukraine. Russian Energy Minister Alexander Novak said on Tuesday he hoped to finalize a gas agreement during a trilateral meeting later in the day in Brussels, Interfax news agency reports. Read more: www.businessinsider.com/opening-bell-oct-21-2014-2014-10#ixzz3GmW0JqhW
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Post by crumbdon on Oct 21, 2014 7:24:09 GMT -5
Lol, ES since close yesterday, @ -15 to +16. Would be cool if that was our intraday range as well
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Post by huh on Oct 21, 2014 7:50:22 GMT -5
Lol, ES since close yesterday, @ -15 to +16. Would be cool if that was our intraday range as well Yeah, wow. I stepped in front of that one, didn't I? After checking the futures chart last night, went to bed thinking I timed that one perfectly. Futures lost support and showed a downside target for SPX in the low 1860's. Then I woke up under a steam roller. Such is the life of a trader, isn't it? LOL May get that EOM squeeze after all. So long as VIX holds under 18.60's, the power's with the bulls.
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Post by walnut on Oct 21, 2014 7:52:22 GMT -5
Lol, ES since close yesterday, @ -15 to +16. Would be cool if that was our intraday range as well They have those, they are called 3X ETF's haha
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Post by huh on Oct 21, 2014 7:54:04 GMT -5
AAPL trading above that large pennant in pre-market. Only needs to hold the top of it now for an upside target ~108.75.
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Post by walnut on Oct 21, 2014 7:58:39 GMT -5
I chose the Droid Maxx last night over a new IPhone. The first chink in the AAPL armor?
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Post by crumbdon on Oct 21, 2014 8:13:36 GMT -5
I chose the Droid Maxx last night over a new IPhone. The first chink in the AAPL armor? Lol, those are the 2 I've been looking at the past week. Never bought an iAnything yet, not sure if I'm ready to succumb to Apple's all-controlling ways. You'll have to let me know your thoughts on the Maxx. Hard to find a decent phone anymore that isn't as big as a breadbox.
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Post by huh on Oct 21, 2014 8:25:22 GMT -5
KO Coca-Cola EPS in-line, misses on revenue Coca-Cola (NYSE:KO): Q3 EPS of $0.53 in-line.Revenue of $11.98B (-1.2% Y/Y) misses by $140M.Shares -3% PM. Trading down almost 5% @ 41.18. There is an unfilled downside gap ~40.00. Wonder if that will provide support.
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Post by huh on Oct 21, 2014 8:42:18 GMT -5
AAPL trading above that large pennant in pre-market. Only needs to hold the top of it now for an upside target ~108.75. AAPL backtesting the top of that pennant now @102.00.
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Post by huh on Oct 21, 2014 8:51:14 GMT -5
AAPL trading above that large pennant in pre-market. Only needs to hold the top of it now for an upside target ~108.75. AAPL backtesting the top of that pennant now @102.00. And now under the top of the pennant. Never seen a pennant have a false break both below and above - not even for a gap fill. In other words..."Duh, I don't know".
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Post by crumbdon on Oct 21, 2014 8:58:04 GMT -5
Wow, that's a big gap up at the open, with a steep climb . Hard to think that's sustainable.
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Post by huh on Oct 21, 2014 9:04:04 GMT -5
Wow, that's a big gap up at the open, with a steep climb . Hard to think that's sustainable. If this is the squeeze I was waiting on (and likely got caught under), the gap should go unfilled. Futures support is ~1906.25, which is about 1912 in the S&P. If it were to lose that, downside target would be <1820 IMHO. Like I've said before, these types of moves don't leave much room for a pullback.
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Post by Herceg on Oct 21, 2014 9:09:21 GMT -5
A lot of the things pulling back............AAPL, HOG to name a few.........A sign of things to come, even though indices are higher......
JMO and BOL..........
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Post by jacksrbtr on Oct 21, 2014 9:10:22 GMT -5
Wow, that's a big gap up at the open, with a steep climb . Hard to think that's sustainable. Re: "Hard to think that's sustainable." Apparently you've not heard of the 3hr Cialis warning....
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Post by Herceg on Oct 21, 2014 9:15:52 GMT -5
Yeah, wow. I stepped in front of that one, didn't I? After checking the futures chart last night, went to bed thinking I timed that one perfectly. Futures lost support and showed a downside target for SPX in the low 1860's. Then I woke up under a steam roller. Such is the life of a trader, isn't it? LOL May get that EOM squeeze after all. So long as VIX holds under 18.60's, the power's with the bulls. I've had that happen far too often in the past.......that is why I like to close all positions by EOD............ JMO and BOL.......
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Post by huh on Oct 21, 2014 9:21:40 GMT -5
Yeah, wow. I stepped in front of that one, didn't I? After checking the futures chart last night, went to bed thinking I timed that one perfectly. Futures lost support and showed a downside target for SPX in the low 1860's. Then I woke up under a steam roller. Such is the life of a trader, isn't it? LOL May get that EOM squeeze after all. So long as VIX holds under 18.60's, the power's with the bulls. I've had that happen far too often in the past.......that is why I like to close all positions by EOD............ JMO and BOL....... Yeah, I had SPX resistance at the 1904.78-1906.40 area and XLF resistance at the 22.47 gap fill. It was obvious that the bulls were not going to get it over those on their own buying power, and why I shorted it. Should have thought that MM's would have done the even easier way to beat resistance...gap over it. I should have at least waited until this morning to see which way it went.
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