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Post by jacksrbtr on Apr 17, 2015 5:55:44 GMT -5
Futs on the Dow down 140+ should I put in an Apple buy for 108 now or later....hmmmm.
Off to gym
Laterz
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Post by huh on Apr 17, 2015 7:02:29 GMT -5
10 things you need to know before the opening bell European bond yields hit all-time lows. In what appears to be a rush for safer assets, investors have been buying up bonds in Europe's core countries, pushing Germany's 10-year yield to an all-time low of 0.049% and France's 10-year yield to its own low of 0.331%. Meanwhile, selling has run peripheral yields to two-month highs with Italy's 10-year yield up 11 basis points at 1.49% and Spain's 10-year yield higher by 11 basis points at 1.46%. Greek banks outside of Greece are being forced to cut their exposure to Greek debt. Kathimerini, one of Greece's largest newspapers, reports, "the central banks of Albania, Bulgaria, Cyprus, Romania, Serbia, Turkey and the Former Yugoslav Republic of Macedonia have all forced the subsidiaries of Greek banks operating in those countries to bring their exposure to Greek risk (bonds, treasury bills, deposits to Greek banks, loans etc.) down to zero in order to shield themselves and minimize the danger of contagion in case the negotiations between the Greek government and the eurozone do not bear fruit." Greece's 3-year yield is up 13 basis points at 26.34%. UK employment hit a record high. The proportion of working people aged 16-64 touched a record high, 73.4%, according to data going back to 1971. The reading corresponded with a drop in the unemployment rate to 5.6%, from the previous print of 5.7%. However, there was some bad news in the report as average weekly earnings ticked up 1.7%, which was slightly below the 1.8% that was expected. Britain's pound is higher by 0.6% at 1.5020. Euro zone CPI came out as expected. Euro zone prices fell for a fourth straight month in March, matching the consensus forecast of -0.1 % year-over-year. Friday's reading showed prices declined at a slower rate than in February, which saw a -0.3% YoY drop. The euro is up 0.5% at 1.0820. General Electric posted a mixed quarter. The company announced earnings of $0.31 per share, excluding non-recurring items, beating the consensus estimate by a penny. Revenues slid 3.1% from the prior year to $33.1 billion, missing the consensus estimate of $34.32 billion. The company reaffirmed its full year 2015 industrial earnings. American Express missed on the top line. Revenues fell 2.7% YoY to $7.95 billion, which was shy of the $8.2 billion that analysts were looking for. The company was hurt by the loss of its exclusive c0-branding deal with Costco. On the plus side, American Express reported earnings of $1.48 per share, easily out pacing the $1.37 that was expected. Etsy gained 87.5% in its debut. The stock priced Wednesday evening at $16 per share, and finished Thursday's session at $30. Etsy now has a market cap of about $3.3 billion. Schlumberger announced more layoffs. The company reported adjusted earnings of $1.06 per share, easily outpacing the $0.89 that was expected. Revenues sank 19% from a year ago to $10.25 billion, missing the consensus estimate of $10.4 billion. However, the big story was the announcement of another 11,000 layoffs, bringing the total for 2015 to 20,000. Global stock markets trade mixed. China's Shanghai Composite (+2.2%) led the way in Asia while Japan's Nikkei (-1.2%) lagged. In Europe, Italy's MIB (-2.4%) paces the decline. US economic data is moderate. CPI will be released at 8:30 a.m. ET before Preliminary University of Michigan Consumer Sentiment and the CB Leading Index cross the wires at 10 a.m. ET. The US 10-year yield is down 4 basis points at 1.85%. Read more: www.businessinsider.com/opening-bell-april-17-2015-2015-4#ixzz3XZEcxB16
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Post by huh on Apr 17, 2015 7:03:07 GMT -5
10 things in tech you need to know today 1. Etsy shares rose 87.5% on their stock market debut on Thursday. The company's market cap is currently around $3.3 billion. 2. Yahoo has renewed its search partnership with Microsoft, but there are some big changes. Yahoo has a lot more flexibility with search traffic now. 3. Apple retail chief Angela Ahrendts says that the company will return to queues outsides its stores. It tried out online orders for the launch of the Apple Watch. 4. WikiLeaks has posted a searchable database of the leaked Sony Pictures documents and emails online. All 17,132 emails are fully searchable. 5. Twitter has tripled the size of its team that monitors abusive tweets. It says it's now five times faster at responding to reports of abuse. 6. Apple has been granted another patent for a stylus. It has been working on building a stylus since at least 2011. 7. Apple bought 36,000 acres of forestland. The land will be sustained and harvested for use in packaging. 8. Twitter cofounder Ev Williams sold around $24 million of Twitter stock. It was a planned and scheduled sale. 9. Snapchat is targeting Pinterest, Uber and Twitter employees with custom filters. It's trying to recruit people from the companies with cute graphics. 10. "Star Wars" director J.J. Abrams has an Apple Watch. They haven't actually shipped yet, but Apple has given some to celebrities. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-april-17-2015-4#ixzz3XZEmo1xy
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Post by huh on Apr 17, 2015 7:03:36 GMT -5
Frontrunning: April 17 Submitted by Tyler Durden on 04/17/2015 - 07:53 Fed Shies Away From June Rate Hike (Hilsenrath) Europe Stocks Fall Most in Three Weeks Amid Greece as Banks Drop (BBG) China Futures Tumble on Trust Curbs, Expansion of Short Selling (BBG) Oil slips below $64 as ample supplies weigh (Reuters) Fed officials lean all ways on rate hikes, data in focus (Reuters) Eurozone deflation eases in March (FT) U.K. Jobless Claims Hit 40-Year Low as Pay Growth Picks Up (BBG) Lawmakers Introduce ‘Fast Track’ Trade Bill, Triggering Democratic Discord (WSJ) Greek Bond Yields Climb Most Since Aftermath of Syriza Election (BBG) Millionaire Turned Politician Poised to Take Power in Finland (BBG) Verizon Breaks Pay-TV Bundle as Competition Mountsv (WSJ) China jails journalist for seven years for 'leaking state secrets' (Reuters) Wikileaks has released a large cache of Sony Pictures (WaPo) Low Prices Cool Boom in U.S. Oil Production (WSJ) Noble Group to Focus on Investor Returns, See Critics in Court (BBG) www.zerohedge.com/news/2015-04-17/frontrunning-april-17
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Post by huh on Apr 17, 2015 7:09:17 GMT -5
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Post by huh on Apr 17, 2015 7:11:26 GMT -5
Personally speaking, I wouldn't go shorting this move in futures right here. Not quite yet anyway. Check out where that low was (purple arrow). The descending red line is the major down trend line across the recent all-time highs. Should futures lose that lower FIB and make a new low, then they're likely putting in a short term top. It sure does look as if they'll make a new low though.
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Post by huh on Apr 17, 2015 7:14:45 GMT -5
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Post by huh on Apr 17, 2015 7:35:06 GMT -5
Wow. IWM already down ~1%. (sort of odd that China fears would affect this more than the other indices, isn't it? [shrug])
I show it's FIB support ~125.34. That's where it's currently trading, but it's pre-market low was lower than that.
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Post by Herceg on Apr 17, 2015 8:00:38 GMT -5
Futs on the Dow down 140+ should I put in an Apple buy for 108 now or later....hmmmm. Off to gym Laterz jack, First and foremost, more power to you to hit the gym this early.................As for AAPL, I believe if one is lucky to get in at 120 before earnings would be considered a blessing..... JMO and BOL...........
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Post by huh on Apr 17, 2015 8:05:42 GMT -5
Futs on the Dow down 140+ should I put in an Apple buy for 108 now or later....hmmmm. Off to gym Laterz jack, First and foremost, more power to you to hit the gym this early.................As for AAPL, I believe if one is lucky to get in at 120 before earnings would be considered a blessing..... JMO and BOL........... I know when I'm beat. AAPL's got me stumped until it breaks this range between 124'n'change and 128'n'change. I do know an upside breakout would get it between 133.50-136.50 due to the two potential iH&S' (grey and orange lines). A break lower would get it under 117.50. Until then, I have no idea.
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Post by huh on Apr 17, 2015 8:16:09 GMT -5
Keep one eye on Greece today. Both NBG and GREK are sitting on support and bottom BB's, so they should rally from here. If they don't, and instead both lose those supports, there could be somethin' cookin' (besides lamb meat). Those supports are 1.15 and 10.35, respectively. Both NBG and GREK losing those supports in pre-market. RSX (Russia) could be in some big trouble here as well.
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Post by huh on Apr 17, 2015 8:30:31 GMT -5
I think we should have a moment of silence for all those poor ETSY buyers yesterday. Typical retail trader likely got in a little over 34.00 - already down ~14%+.
When will people learn not to buy these 'crafty' wealth transfer systems?
Insiders Pulling Out
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Post by huh on Apr 17, 2015 8:35:35 GMT -5
Futures tested that low again and bounced. Test it again, and it's got further downside IMO.
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Post by huh on Apr 17, 2015 8:47:48 GMT -5
VXX will hit the minimum downside target of that H&S pattern I showed yesterday ~21.66 VXX H&S target hit I guess that was the target VXX wanted. Filling an upside gap & hitting FIB resistance now.
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Post by huh on Apr 17, 2015 8:55:39 GMT -5
I need more eyes today.
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Post by jacksrbtr on Apr 17, 2015 9:02:59 GMT -5
Futs on the Dow down 140+ should I put in an Apple buy for 108 now or later....hmmmm. Off to gym Laterz jack, First and foremost, more power to you to hit the gym this early.................As for AAPL, I believe if one is lucky to get in at 120 before earnings would be considered a blessing..... JMO and BOL........... Herc, Been hitting the gym early for years now it's the price I pay for eating chips! 15mins warm-up on a treadmill 30-45mins freeweights And another 30mins on the Elliptical machine. The quacks said if I hadn't been in such good shape a couple yrs ago when I had the heart attack I wouldna made it. BOL2U
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Post by Herceg on Apr 17, 2015 9:07:32 GMT -5
Watch NOW for a scalp.............beaten down too much...........
JMO and BOL.............
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Post by jacksrbtr on Apr 17, 2015 9:09:18 GMT -5
MFgBFOTO which stands for _______ ________ blinding Flash of the Obvious:
The Dow now down 250 or 1.6% and Apples only down a fraction (0.60%) of that. Like I told you Apple ain't NEVER EVER EVER going down. NEVER!
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Post by huh on Apr 17, 2015 9:10:25 GMT -5
MFgBFOTO which stands for _______ ________ blinding Flash of the Obvious: The Dow now down 250 or 1.6% and Apples only down a fraction (0.60%) of that. Like I told you Apple ain't NEVER EVER EVER going down. NEVER!That lower support line sits in the 124.20's now. If it were to lose that, it'll go down. When big $$ starts harvesting their cash crops from NFLX, they'll likely need APPL as a silo.
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Post by huh on Apr 17, 2015 9:12:22 GMT -5
I guess that was the target VXX wanted. Filling an upside gap & hitting FIB resistance now. What resistance?
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