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Post by huh on Jul 27, 2015 6:11:45 GMT -5
10 things in tech you need to know today 1. Samsung has unveiled the first computer monitor that can also wirelessly charge a smartphone. The display's wireless charging feature works with all mobile devices compatible with the Qi wireless charging standard. 2. A Chinese venture capital firm has launched a $5 billion fund targeting Western tech companies. The South China Morning Post reports that GSR Capital will "target international investment opportunities in industries that include clean energy, bio-pharmaceutics and life sciences, bulk commodity, traditional and internet finance, and wireless communication." 3. LinkedIn has reintroduced a feature that lets users download contact details instantly. The professional social network recently removed it in favor of a more comprehensive download tool that took up to 72 hours, but the change was met with a huge outcry. 4. People are clearly worried that Apple's "golden goose" is in trouble. Despite beating expectations for revenue this quarter, the Cupertino company's stock tanked globally because of concerns about the number of iPhones sold. 5. Wal-Mart is losing the war with Amazon. The online giant now has a bigger market cap than the brick-and-mortar retail chain, following a strong Q2 earnings report. 6. Researchers have developed a high-speed anonymizing network called HORNET designed to keep users' online activities secret. It claims to be significantly faster than the Tor network, but The Daily Dot cautions that it hasn't yet been subjected to peer review. 7. Fantasy sports company DraftKings has raised $300 million. The funding is led by 21st Century Fox's Fox Sports unit, according to Re/code, and values the company at $1.2 billion (£770 million). 8. Twitter is deleting stolen jokes on copyright grounds. The social network will remove unoriginal tweets if the original poster complains. 9. Fiat Chrysler has recalled 1.4 million vehicles after hackers were able to remotely shut off a Jeep in the middle of traffic. The vulnerabilities were first highlighted in a report by Wired. 10. YouTube reportedly pays its most popular stars more money to keep them from jumping ship to online video rivals like Facebook. “I want to be running a platform that they can stay on, that they can grow up on and extend their work even further,” YouTube chief Susan Wojcicki told The Wall Street Journal in an interview. Read more: www.businessinsider.com/10-things-tech-you-need-to-know-july-27-2015-7#ixzz3h5ZwuEHM
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Post by huh on Jul 27, 2015 6:15:33 GMT -5
Near perfect H&S in ES pointing down to 2064 (perhaps even 2057) Only hope would be yet another H&S-RS-squeeze-blah-blah, but that wouldn't trigger until >2108 now ES getting slammed this morning. We now have a more solid minimum downside target of ~2059.40 for ES, and at this rate, looks like it might hit even before 8am. There's key and final FIB support ~2054.00-2055.50. The relative strength in banks & major resistance hit with the overnight high in the EURUSD gives some hope that it could bounce in 2050's. However, keep an eye on that 2054 support. If ES were to lose that, I don't see any reason why is shouldn't drop to the February lows (1970's).
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Post by huh on Jul 27, 2015 6:21:24 GMT -5
Gold could at last be trying for a short term bottoming pattern here (very short term for now at least). If it pulls back to ~1086-1087 and that holds, upside target would be ~1133. Not much, but gotta start somewhere, right?
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Post by huh on Jul 27, 2015 6:32:59 GMT -5
10 things you need to know before the opening bell Chinese stocks crashed. China's Shanghai Composite plunged 8.5%, posting its largest decline in more than eight years. Heavy selling was indiscriminate with more than half of the index's listings finishing limit down, -10%. The Shanghai Composite must fall another 6% before taking out its July 8 low. Mario Draghi's "whatever it takes" speech turns 3 today. With peripheral bond yields greater than 6.50%, Mario Draghi delivered his infamous "whatever it takes" speech, promising to preserve the euro. As part of his plan, Draghi introduced Outright Monetary Transactions and cut interest rates to zero. His actions caused peripheral yields to ease significantly over the next 2.5 years with both Italy and Spain nearing the 1.00% threshold before the recent flare up in Greece. Currently, the Italian and Spanish 10-year yields are at 1.89% and 1.92%, respectively. Teva is buying Allergan's generic drug company. The deal, which is valued at $40.5 billion, would pay Allergan $33.75 billion in cash and $6.75 billion worth of Teva shares. According to the press release, Teva would become one of the 10 largest pharmaceutical companies in the world once the deal is completed. The healthcare space has seen a flurry of dealmaking after last month's Supreme Court effectively ensured the existence of Obamacare for at least the near-term. Teva announced it is no longer pursuing generic drugmaker Mylan Pharmaceuticals. McGraw Hill is trying to buy SNL Financial. Financial service provider McGraw Hill is nearing a $2 billion buyout of SNL Financial. People close to the matter told Bloomberg a deal could be announced as early as Monday. The deal would be the second in the financial media space over the past week as Pearson sold FT Group to Nikkei for $1.3 billion. Fiat Chrysler has been hit with a record fine. The automaker was fined a record $105 million for failing to go through with 23 recalls covering 11 million vehicles. According to the New York Times, the fine is composed of a $70 million cash fine, an agreement the company will spend $20 million on meeting performance standards and another $15 million fine if further violations are discovered. "This civil penalty puts manufacturers on notice that the department will act when they do not take their obligations to repair safety defects seriously," said Anthony Foxx, the secretary of transportation. UBS profit tops estimates. The Swiss investment bank announced its profit rose 53% to 1.21 billion Swiss francs ($1.26 billion) in the quarter, easily outpacing the 878 million francs that was expected. The results were due out on Tuesday, but the report was released early after a Swiss newspaper published inaccurate results on Sunday. According to the Wall Street Journal, "Pretax operating profit at UBS’s flagship wealth-management business more than doubled in the quarter, to 756 million francs." German Ifo Business Climate outpaced estimates. The July reading came in at 108.0, topping the 107.6 that economists had predicted. Monday's reading has the number hovering near its best levels in a year. The euro is up 0.7% at 1.1064. Stock markets around the world are lower. Aside from the carnage in China, Hong Kong's Hang Seng (-3.1%) lagged while Australia's ASX (+0.4%) outperformed. In Europe, France's CAC (-1.5%) leads the way lower. S&P 500 futures are down 8.25 points at 2069.25. US economic data is light. Durable orders will cross the wires at 8:30 a.m. ET. The US 10-year yield is down 2 basis points at 2.24%. Earnings continue to flow. Norfolk Southern, Philips and Teva Pharmaceutical are names to watch following their reports ahead of the opening bell. Baidu.com, Eastman and Hartford Financial highlight the companies set to report following the closing bell. Read more: www.businessinsider.com/opening-bell-july-27-2015-2015-7#ixzz3h5g42800
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Post by huh on Jul 27, 2015 6:40:15 GMT -5
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Post by huh on Jul 27, 2015 6:45:50 GMT -5
Frontrunning: July 27 Submitted by Tyler Durden on 07/27/2015 - 07:41 Chinese shares tumble 8.5 percent in biggest one-day drop since 2007 (Reuters) Japan’s Economy Shrank Last Quarter, Top Forecaster Says (BBG) Creditor teams in Athens to work on third bailout (AFP) Tsipras’s Paradox Is Six Months of Pain and Enduring Popularity (BBG) Goldman-Backed Instant Messaging Company Seeks New Investment (WSJ) Best Buy will sell the Apple Watch on August 7th (Engadget) - when is it coming to Dollar General? U.S.-Turkey Deal Paves Way to Set Up Buffer Zone in Northern Syria (WSJ) Governors Would Take Almost Any Highway Measure Congress Offers (BBG) Teva to Buy Allergan Generics for $40.5 Billion (WSJ) Goldman-Backed Instant Messaging Company Seeks New Investment (AFP) Fiat Chrysler’s Record Fine Shows Trust Eroding in Carmakers (BBG) Facebook, Twitter to Show Whether Ad Investments Are Paying Off (BBG) Foreign insurers taking cautious look at Iran after nuclear deal (Reuters) UBS Profit Rises 53% on Lower Costs, Jump in Equity Trading (BBG) Draghi’s ‘Whatever It Takes’ Marks Three Years Proving Enough (BBG) Meanwhile... Obama working with Ethiopia on human rights, talks on security (Reuters) www.zerohedge.com/news/2015-07-27/frontrunning-july-27
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Post by huh on Jul 27, 2015 7:11:51 GMT -5
2065 SPX is the last FIB from the 07/07 low (things get very ugly below that)
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Post by Herceg on Jul 27, 2015 7:15:10 GMT -5
GM All.............had family in Monday afternoon so was unable to trade with all the noise and distractions...........Hope all had a good week......
thus far all I see is bios...............MYL, AGN, PRGO, TEVA............
JMO and BOL to all............
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Post by huh on Jul 27, 2015 7:25:00 GMT -5
GM All.............had family in Monday afternoon so was unable to trade with all the noise and distractions...........Hope all had a good week...... thus far all I see is bios...............MYL, AGN, PRGO, TEVA............ JMO and BOL to all............ AGN could see as high as 353-354 on this move (looks like a typhoon)
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Post by huh on Jul 27, 2015 7:32:32 GMT -5
2065 SPX is the last FIB from the 07/07 low (things get very ugly below that) and that's about where its 200dma sits at the open
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Post by Herceg on Jul 27, 2015 8:06:07 GMT -5
GM All.............had family in Monday afternoon so was unable to trade with all the noise and distractions...........Hope all had a good week...... thus far all I see is bios...............MYL, AGN, PRGO, TEVA............ JMO and BOL to all............ Very late on MYL, so took what I could get.............we'll see how the rest of the day plays out.......... MYL - 09:03:45 Bought to Cover 100s @ $56.65 - Total: $5,671.00 TEVA - 08:58:50 Bought to Cover 100s @ $67.90 - Total: $6,796.00 TEVA - 08:58:50 Bought to Cover 50s @ $67.90 - Total: $3,395.00 TEVA - 08:20:10 Sold Short 50s @ $69.55 - Total: $3,477.44 TEVA - 08:20:08 Sold Short 100s @ $69.55 - Total: $6,948.87 MYL - 08:14:03 Sold Short 100s @ $56.80 - Total: $5,673.89 $238 gain..............BOL to all
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Post by novie08 on Jul 27, 2015 8:37:27 GMT -5
Welcome back and nice work Herc.
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Post by huh on Jul 27, 2015 8:38:55 GMT -5
Dumped the UVXY hedge I was holding for previous long positions (only ~1% gain, but always happy with a gain on a hedge)
SPX on FIB support and 200dma. Waiting to see next move
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Post by huh on Jul 27, 2015 8:50:19 GMT -5
SPX 2078 now major resistance (then 2088.50 & 2098-2099 after that)
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Post by huh on Jul 27, 2015 9:12:29 GMT -5
SPX 2078 now major resistance (then 2088.50 & 2098-2099 after that) Make that 2076-2078 for first major resistance (need to include the 76.4 FIB for today's down move)
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Post by novie08 on Jul 27, 2015 9:26:11 GMT -5
I just cannot get over the volatility in my normal, l-t stocks. They're +1.3% one day,-1.2% the next. They're having mini squeezes all over the place after having been driven down.
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Post by huh on Jul 27, 2015 9:27:03 GMT -5
IWM also testing its 200dma today
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Post by huh on Jul 27, 2015 9:32:43 GMT -5
IWM also testing its 200dma today IWM could go green today (or almost), but checkout it's daily chart - yet another H&S about to form a RS? And will it's RS squeeze higher? Shake, shake, shake that tree!
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Post by huh on Jul 27, 2015 10:04:32 GMT -5
Work, work, work that resistance Mr. Market. Here's a crazy thought - if markets were to somehow go green today, we could actually see a 3% up move from Friday's close! Long way until that though. Looking for IWM 121.50's as next real test of bulls' strength (and bears' resolve)
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Post by Herceg on Jul 27, 2015 10:06:13 GMT -5
GM All.............had family in Monday afternoon so was unable to trade with all the noise and distractions...........Hope all had a good week...... thus far all I see is bios...............MYL, AGN, PRGO, TEVA............ JMO and BOL to all............ Very late on MYL, so took what I could get.............we'll see how the rest of the day plays out.......... MYL - 09:03:45 Bought to Cover 100s @ $56.65 - Total: $5,671.00 TEVA - 08:58:50 Bought to Cover 100s @ $67.90 - Total: $6,796.00 TEVA - 08:58:50 Bought to Cover 50s @ $67.90 - Total: $3,395.00 TEVA - 08:20:10 Sold Short 50s @ $69.55 - Total: $3,477.44 TEVA - 08:20:08 Sold Short 100s @ $69.55 - Total: $6,948.87 MYL - 08:14:03 Sold Short 100s @ $56.80 - Total: $5,673.89 $238 gain..............BOL to all One more shot................still watching........... TEVA - 11:02:20 Bought to Cover 400s @ $69.472 - Total: $27,794.80 TEVA - 10:57:18 Sold Short 200s @ $69.9101 - Total: $13,975.75 TEVA - 10:53:01 Sold Short 200s @ $69.535 - Total: $13,900.73 $82 gain............JMO and BOL.........
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