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Post by clinton on Oct 30, 2014 6:30:43 GMT -5
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Post by huh on Oct 30, 2014 7:24:36 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! Here are the major stories making an impact early Thursday. Rosneft's Profits Are Collapsing. Rosneft, Russia's biggest oil producer, reported a net profit of just 1 billion rubles ($23 million) in the third quarter, down from 172 billion rubles ($3 billion) in the previous quarter German Unemployment Took An Unexpected Plunge. According to figures out Thursday from the country's statistical agency, the number of people out of work and looking fell by 22,000 in October. The rate stays unchanged at 6.7%. Modi Madness Catapulted India Stocks To Record Highs. India's Sensex stock index is climbing to record intraday highs early Thursday. It's up 0.92% today so far, sitting at 27,265.73 currently. European Business Sentiment Ticked Up. After four months of stagnation or decline, economic sentiment among business managers in Europe has finally picked up in the euro currency area (by 0.8 points to 100.7). Chad Holliday Will Be Shell's First American Chairman. Bank of America's ex-chairman Chad Holliday is about to become oil giant Shell's chairman, according to a filing from the massive multinational Thursday morning. European Markets Are Getting Hit. After opening up, the major European equities indices are taking a beating. France's CAC 40 is down 1.11%, Germany's DAX is down 1.40% and the FTSE 100 is down 1.04%. Barclays Is Braced For An $800 Million Forex Fine. Barclays on Thursday set aside £500 million ($800 million) linked to probes into price-rigging allegations in foreign exchange markets, and posted slumping third-quarter net profits. US GDP Is Coming. Third quarter GDP figures will be released at 8:30 a.m. ET, with analysts expecting 3% annualized growth, a slight slowdown from the second quarter. Retailers Are Changing Their View On Apple Pay. MCX CEO Dekkers Davidson shot down an earlier report from The New York Times that said MCX members would suffer fines or penalties if they accepted Apple Pay. Samsung Profits Are Sinking. Samsung Electronics says its third-quarter income has plunged 49% to the lowest level in nearly three years as its handset business slows down. Read more: www.businessinsider.com/opening-bell-oct-30-2014-2014-10#ixzz3Hd9NSOFi |
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Post by huh on Oct 30, 2014 7:25:03 GMT -5
10 Things In Tech You Need To Know Today 1. Microsoft has revealed its wearable device: Microsoft Band. It goes on sale today and will retail for $199. 2. Samsung's third-quarter income was down 49%. The company warned earlier this month that its Q3 earnings wouldn't look good. 3. 3,000 Microsoft employees were let go yesterday. The cuts came from HR, finance, marketing, sales, and IT. 4. CurrentC, the mobile payment system favored by a group of US retailers, has already been hacked. It's the biggest rival to Apple Pay. 5. IBM has announced a partnership with Twitter. Businesses will be able to use Twitter data to help them understand their customers. 6. Uber drivers have spoken out over the low wages they receive. Some claim to be struggling to receive the minimum wage. 7. HP has revealed a new desktop computer that doesn't have a mouse or keyboard. Instead, it has a touch mat. 8. Nintendo says that it could see its first annual profit in four years. Mario Kart 8 has been a big success. 9. Hackers managed to breach the White House computer network. The Russian government is suspected to be behind the attack. 10. A taxi association president has compared Uber to ISIS. Many taxi associations consider Uber to be operating illegally. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-october-30-2014-10#ixzz3Hd9V97EA |
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Post by huh on Oct 30, 2014 7:25:35 GMT -5
Frontrunning: October 30 Submitted by Tyler Durden on 10/30/2014 - 07:33 "Soaring consumer confidence" - How the Economy Is Stoking Voter Anger at Incumbent Governors (WSJ) Euro zone deflation worries shield German Bunds from upbeat Fed (Reuters) Greece’s Euro Dilemma Is Back as Minister Sees Volatility (BBG) Ukraine gas supplies in doubt as Russia seeks EU payment deal (Reuters) Sterling Lads Chats Show FX Traders Matching Fix Orders (BBG) NATO Tracks Large-Scale Russia Air Activity in Europe (WSJ) U.K. SFO Charges Ex-Tullett Prebon Broker in Libor-Rigging Probe (BBG) Jerusalem on edge after shooting of rabbi (FT) Israeli police kill Palestinian suspected of shooting far-right activist (Reuters) Samsung seeks smartphone revamp to arrest profit slide (Reuters) Barclays sets aside £500m for forex probe (FT) Maine nurse fights Ebola quarantine, says will not be bullied (Reuters) Why Oil Prices Went Down So Far So Fast (BBG) Washington state support for gun control measure strong before vote (Reuters) Microsoft launches wearable fitness device for $199 (Reuters) www.zerohedge.com/news/2014-10-30/frontrunning-october-30 |
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Post by huh on Oct 30, 2014 7:37:35 GMT -5
Odd to me that although Europe and US futures down this morning, the BRIC nations (Brazil, Russia, India, China) are doing really well.
There's something big brewing re: the US Dollar IMHO.
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Post by huh on Oct 30, 2014 7:41:13 GMT -5
Initial Jobless Claims
Act: 287K|Cons: 283K|Pre: 284K
Continuing Jobless Claims
Act: 2384K|Cons: 2350K|Pre: 2355K
GDP Price Index (QoQ)
Act: 1.3%|Cons: 2.0%|Pre: 2.1%
GDP (QoQ)
Act: 3.5%|Cons: 3.0%|Pre: 4.6%
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Post by huh on Oct 30, 2014 8:58:03 GMT -5
BAC & JPM losing some important supports here. They better find some footing soon. Found their footing alright. Tremendously bullish close for BAC. If this market doesn't gap down big tomorrow (and perhaps even if it does), bears aren't going to know what hit them after the next few days. Would like to see BAC hold 16.85 now. |
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Post by walnut on Oct 30, 2014 9:00:36 GMT -5
I'd like to see it drop. I still don't like them lol
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Post by huh on Oct 30, 2014 9:01:16 GMT -5
XLF needs to hold 23.34 to maintain the short term bullish momentum. If it can break over 23.48, then next target is ~23.66, minimum. That would create a typhoon-like pattern, which would line up perfectly with my thoughts for the final leg up (blow-off top).
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Post by crumbdon on Oct 30, 2014 9:04:15 GMT -5
Post-Fed pullback looming large.
Can bulls save it?
10-yr says we are goin' down.
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Post by huh on Oct 30, 2014 9:19:01 GMT -5
Besides XLF and especially VIX, the other important chart to watch is IWM.
Watch for a break above yesterday's high. If it does, that would break the last FIB of the entire pullback, confirm a bull flag (that actually happens over 114.15) and most importantly break above the downtrend line drawn across the 07/01, 09/03 and yesterday's high (really wish I could attach a chart of this one). That would get it popping big. And IWM still leads the other indices.
It could drop down to ~111 from here to fill a gap while still remaining bullish. But if this turns out be a typhoon-like move in the indices, it likely won't fill those downside gaps first.
JMHO
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Post by clinton on Oct 30, 2014 9:23:07 GMT -5
wait a sec
I just noticed dow is +79 WTF
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Post by huh on Oct 30, 2014 9:28:48 GMT -5
wait a sec I just noticed dow is +79 WTF Now almost a hundred. Fortunately for the Dow, it doesn't have the drag of all the social media. |
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Post by huh on Oct 30, 2014 9:31:08 GMT -5
wait a sec I just noticed dow is +79 WTF Now almost a hundred. Fortunately for the Dow, it doesn't have the drag of all the social media. ...speaking of which, sorry if I mislead anyone on TWTR. Didn't even get the first upside target. I think it will, but need XLF and IWM to go into typhoon mode - and like I said before, it's a shame that these things will have to squeeze so hard only to get some of the tech names to back test bearish patterns and fill the gaps down (TWTR, NFLX, AMZN, FB, etc.) |
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Post by Herceg on Oct 30, 2014 9:36:22 GMT -5
wait a sec I just noticed dow is +79 WTF It's because of Visa and nothing more........ JMO and BOL.......... |
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Post by huh on Oct 30, 2014 9:39:10 GMT -5
Given my recent track record with AAPL, please ignore the following post (for my personal tracking only):
If AAPL loses 106.36, sets-up a small double-top target ~105.40.
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Post by huh on Oct 30, 2014 9:59:18 GMT -5
Odd to me that although Europe and US futures down this morning, the BRIC nations (Brazil, Russia, India, China) are doing really well. There's something big brewing re: the US Dollar IMHO. EWZ (Brazil) and RSX (Russia) on fire today. Classic signs of dead cat bounces, but still could reach quite a bit higher |
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Post by huh on Oct 30, 2014 10:06:45 GMT -5
I really believe the markets are about to "shoot the moon", especially XLF and IWM (consistently building higher lows right under resistance). Still waiting for confirmation. Perhaps once London closes.
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Post by huh on Oct 30, 2014 10:11:46 GMT -5
BABA looks as if it might be in trouble here. Need to be careful of a double-top with IPO day's high.
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Post by Herceg on Oct 30, 2014 10:32:00 GMT -5
I really believe the markets are about to "shoot the moon", especially XLF and IWM (consistently building higher lows right under resistance). Still waiting for confirmation. Perhaps once London closes. Elections next week so I don't see it..............more down than up in the ST JMO and BOL........ |
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