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Post by huh on Oct 28, 2014 7:07:42 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! These are the major stories already making an impact on financial markets early Tuesday. The Russian Ruble Just Hit An Historic Low. Russia's currency crossed 54 rubles to the euro in early trading, the first time it had ever crossed that level, on the back of months of weakening against major currencies. Sweden Just Slashed Interest Rates To Zero. After months dipping from low inflation into deflation, Sweden’s Riksbank has cut its main policy rate to 0%. UBS Set Aside $2 Billion For Settlements. UBS, Switzerland's largest bank, has had to set aside 1.84 billion Swiss francs ($1.9 billion) in legal provisions to pay for possible fines and to settle regulatory investigations. Lloyds Is Laying Off Another 9,000 Staff. Britain's Lloyds Banking Group has taken another £900 million ($1.5 billion) charge to compensate customers mis-sold loan insurance, and is laying off thousands of workers to reduce costs. European Markets Opened Up. All the major stock indices in Europe are up Tuesday morning. In Asia, the Nikkei closed down 0.38% and the Hang Seng closed up 1.63%. Durable Goods Are Coming. Official numbers for durable goods orders are out at 8:30 a.m. ET, with analysts expecting a 0.5% increase. At 10:00 a.m. ET, consumer confidence is out and analysts are expecting a marginal improvement. Standard Chartered Is Getting Hammered. Shares are down 9.5% after results this morning revealed a 16% drop in profits in the third quarter of the year. Twitter Shares Are Tanking In Pre-Market. Shares are down by more than 11% ahead of the open, after some disappointing results. BP Is Holding UP Despite A Headache From Russia. BP's third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to a slump in earnings from the oil major's local partner, Kremlin-controlled Rosneft . Air France’s Dutch Arm Is Reportedly Shedding 7,500 Workers. The Dutch arm of Air France-KLM plans to cut its workforce by 7,500 jobs, or 25%, largely through outsourcing, a Dutch daily newspaper reported on Tuesday. Read more: www.businessinsider.com/opening-bell-oct-28-2014-2014-10#ixzz3HRNxVzdg
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Post by huh on Oct 28, 2014 7:08:34 GMT -5
10 Things In Tech You Need To Know Today 1. Twitter shares dropped 10% last night after it announced its Q3 earnings. Results were as expected, but investors still want more. 2. Apple has issued a statement addressing the retailers who are leaving its Apple Pay scheme. The company says Apple Pay is in 220,000 locations already. 3. Apple CEO Tim Cook warns that a "major event" may happen that will alert people to how much tech companies know about their lives. He thinks that it will cause people to think seriously about privacy. 4. Amazon has acquired online comedy business Rooftop Media. The company records comedians in US comedy clubs and streams the footage online. 5. GoPro shares were down 5% Monday. The company's Q3 earnings are coming on Thursday. 6. Apple CEO Tim Cook criticized his home state of Alabama over its slow move to advance LGBT rights. He pointed out that the state still allows people to be fired for their sexual orientation. 7. Apple quietly hid an embarrassing error from its recent live stream. A typo has magically disappeared. 8. YouTube's CEO hinted last night at a premium subscription service. It would remove ads from YouTube. 9. T-Mobile had its biggest growth quarter in the company's history. It now has 52.9 million customers. 10. LG will stop manufacturing plasma televisions. Instead it's going to focus on LCD televisions. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-october-28-2014-10#ixzz3HRO9ppjA
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Post by huh on Oct 28, 2014 7:09:58 GMT -5
Frontrunning: October 28 Submitted by Tyler Durden on 10/28/2014 - 07:28 CDC says returning Ebola medical workers should not be quarantined (Reuters) Sweden’s central bank cuts rates to zero (FT) Hacking Trail Leads to Russia, Experts Say (WSJ) Discount-Hunting Shoppers Threaten Stores’ Holiday Cheer (BBG) Apple CEO fires back as retailers block Pay (Reuters) Repeat after us: all China data is fake - China Fake Invoice Evidence Mounts as HK Figures Diverge (BBG) FX Traders’ Facebook Chats Said to Be Sought in EU Probe (BBG) Euro Outflows at Record Pace as ECB Promotes Exodus (BBG) Apple boosts R&D spending in new product hunt (FT) China’s Stocks Rise Most in Three Months on Trade-Zone Expansion (BBG) BoE demands climate answers from insurers (FT) Mercedes Drivers Stung by Shale Boom’s Quirks at the Pump (BBG) Russian Brain Drain Saps Talent as Sanctions Hit Financing (BBG) China’s ‘new normal’ for consumption (FT) Madison Square Garden Explores Plan to Split Into Two (BBG) Washington state school gunman texted victims to meet at cafeteria: official (Reuters) Wyly Widow Was Insolvent After Billionaire’s Death (BBG) Zombie Storms Cause Mayhem Long After They Drop off Maps (BBG) www.zerohedge.com/news/2014-10-28/frontrunning-october-28
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Post by Herceg on Oct 28, 2014 7:33:26 GMT -5
TWTR, RCPT, MSG
JMO and BOL
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Post by huh on Oct 28, 2014 8:04:37 GMT -5
TWTR, RCPT, MSG JMO and BOL Perfectly formed Island H&S in TWTR, target ~38.50. (I wish I could post a chart of it...they don't get more perfect than this) But should bounce ~42.50. Need to see if it dead cat bounces/FIB retraces from there (and then possible squeezes the pattern?). But if it loses 42.50, next downside target is the 38.50.
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Post by huh on Oct 28, 2014 8:34:40 GMT -5
Did they recount the votes in Brazil or something? LOL
EWZ up more than 4%. Like i said, squeezes (dead cat bounce) always get the best gains.
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Post by huh on Oct 28, 2014 8:40:30 GMT -5
Did they recount the votes in Brazil or something? LOL EWZ up more than 4%. Like i said, squeezes (dead cat bounce) always get the best gains. 40.96 is the 76.4 retracement for yesterday's gap down move.
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Post by Herceg on Oct 28, 2014 8:48:53 GMT -5
Perfectly formed Island H&S in TWTR, target ~38.50. (I wish I could post a chart of it...they don't get more perfect than this) But should bounce ~42.50. Need to see if it dead cat bounces/FIB retraces from there (and then possible squeezes the pattern?). But if it loses 42.50, next downside target is the 38.50. That brings back to July of this year with a gap to fill........... JMO and BOL..........
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Post by huh on Oct 28, 2014 9:06:47 GMT -5
TWTR, RCPT, MSG JMO and BOL Perfectly formed Island H&S in TWTR, target ~38.50. (I wish I could post a chart of it...they don't get more perfect than this) But should bounce ~42.50. Need to see if it dead cat bounces/FIB retraces from there (and then possible squeezes the pattern?). But if it loses 42.50, next downside target is the 38.50. 42.75 is resistance in TWTR now. Get above that and it will likely squeeze hard.
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Post by huh on Oct 28, 2014 9:40:27 GMT -5
Perfectly formed Island H&S in TWTR, target ~38.50. (I wish I could post a chart of it...they don't get more perfect than this) But should bounce ~42.50. Need to see if it dead cat bounces/FIB retraces from there (and then possible squeezes the pattern?). But if it loses 42.50, next downside target is the 38.50. 42.75 is resistance in TWTR now. Get above that and it will likely squeeze hard. The high in TWTR after I posted that was 42.74. This reinforces this as resistance - and now as the must-use hard stop if short.
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Post by huh on Oct 28, 2014 9:52:10 GMT -5
Did they recount the votes in Brazil or something? LOL EWZ up more than 4%. Like i said, squeezes (dead cat bounce) always get the best gains. 40.96 is the 76.4 retracement for yesterday's gap down move. EWZ peaked at 40.96 and fell. Then it ran back up to hit 40.97. Always that frickin' penny! Under 40.50 could create a small double-top, downside target ~40.05. Over 41.00 would produce a squeeze (and not a small one either). JMHO
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Post by huh on Oct 28, 2014 9:55:54 GMT -5
XLE squeezing TWTR squeezing EWZ squeezing
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Post by huh on Oct 28, 2014 10:01:36 GMT -5
TWTR upside targets 45.15 and (more likely) 45.95.
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Post by huh on Oct 28, 2014 10:57:05 GMT -5
XLF support is 23.20. (that's support for a parabolic move)
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Post by walnut on Oct 28, 2014 12:01:46 GMT -5
Durable goods and home sales disappoint, QE ending, what's it gonna take to kill this bull? Maybe not that much more.
Rising interest rates might turn that SP chart flat for months to come.
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Post by maxi on Oct 28, 2014 13:09:50 GMT -5
Durable goods and home sales disappoint, QE ending, what's it gonna take to kill this bull? Maybe not that much more. Rising interest rates might turn that SP chart flat for months to come. News headline reads:Stocks Higher As Dovish For FOMC Meeting Hopes Trump Mixed Economic Data Personally I really like to buy at highs along with the rest of the crew ( NOT LOL) And I really like to sell when the market is falling. Yes it sounds like a perfect plan to me. Oh and I always buy based on what the news of the day tells me is a sure thing. I like sure things. I do I really do. Yes Virginia there is a Santa Claus.
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Post by huh on Oct 28, 2014 13:38:12 GMT -5
FB's chart in a dangerous area here for earnings. I'd be careful of that one. Potential for drop all the way down to ~61.50.
But as shown by so many others recently, that should be extremely bullish for our markets.
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Post by huh on Oct 28, 2014 14:08:34 GMT -5
XLE & EWZ have both now filled Friday's gap down.
Though it doesn't mean much unless they were to do an about face from here.
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Post by maxi on Oct 28, 2014 14:14:48 GMT -5
XLE & EWZ have both now filled Friday's gap down. Though it doesn't mean much unless they were to do an about face from here. I just read that Chanos covered some of his bear bet on EWZ..... that would account for the rise for sure...
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Post by huh on Oct 28, 2014 15:07:33 GMT -5
Even if this is a parabolic move, closing right on the HOD always makes me suspicious. Especially when things RSX close right on that 10/21 daily gap fill, EWZ closes lower after filling Friday's gap down, and XLE closed pretty close to Friday's gap fill.
But with IWM and XLF closing as strong as they did, I'm not stepping onto the tracks at this crossing.
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