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Post by huh on Aug 26, 2015 6:03:24 GMT -5
10 things in tech you need to know today 1. The Apple Watch has been selling well at US retailer Best Buy. It's been selling so well, in fact, that the device will now be sold in all 1,050 of its stores. 2. A group of authors has teamed up to fight Amazon. Authors Unite has asked the Department of Justice to investigate the online retailer. 3. Russia has cancelled its ban on Wikipedia. It had tried to ban the site over an article about marijuana, but has since changed its mind. 4. There's a pretty big design flaw with the new Samsung Galaxy Note 5. It's possible to insert the stylus in backwards, which can cause permanent damage. 5. A leaked video suggests the next iPhone will look almost exactly like the iPhone 6. A new video published by MacRumors reportedly shows a partially assembled iPhone 6S being powered on. 6. Rio de Janiero has voted to ban Uber. The law needs to be approved by the city's mayor within 15 days, though. 7. Amazon is testing a restaurant delivery service. Right now it's only operating the service for its employees in Seattle. 8. Alibaba's CEO said that employees should "forget about the stock market." The company's stock has fallen below its IPO price. 9. Microsoft Office for Windows will launch on September 22. A leaked memo revealed Microsoft's schedule for the launch of the software. 10. Snapchat has hired a finance chief. Former Mattel executive Drew Vollero will be the company's acting CFO. Read more: uk.businessinsider.com/10-things-in-tech-you-need-to-know-august-26-2015-8#ixzz3juyXAuBH |
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Post by huh on Aug 26, 2015 6:05:12 GMT -5
ES already up 35.90 pts to 1908.65
The final FIB resistance for yesterday's last hour sell-off sits ~1910
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Post by huh on Aug 26, 2015 6:10:34 GMT -5
Oops, I guess I went too far with the ST glamour shot  . Here's the message I received when trying to visit ST this morning:  Suspicious activity? I haven't posted anything there! LOL |
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Post by huh on Aug 26, 2015 6:19:58 GMT -5
ES already up 35.90 pts to 1908.65 The final FIB resistance for yesterday's last hour sell-off sits ~1910 And that resistance broken (the final FIB for yesterday's entire down move, from top to bottom, sits ~1927.60) EURUSD looks to be forming a topping pattern over that iH&S neckline breakout (complex POTUS POLL / Double Top) If you are a human trader, and you were lucky enough to buy early Monday morning and have any sense of risk at all, you had already set a hard stop after that run up, and you were already stopped out with that move in the last hour yesterday. I'm curious if the brokers will get gummed up again this morning. |
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Post by huh on Aug 26, 2015 6:26:53 GMT -5
These moves in futures making me feel a little woozy  |
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Post by huh on Aug 26, 2015 6:28:09 GMT -5
10 things you need to know before the opening bell Chinese stocks saw another day of selling. The Shanghai Composite fell 1.3% amid a volatile session. Chinese stocks opened up to solid gains before tumbling to a loss of more than 4%. Then stocks raced into positive territory amid suspicions of intervention by the Chinese government, but those gains were short-lived and stocks slid into the close. The Shanghai Composite is down 43% from its June 12 high. Markets around the world trade mixed. Japan's Nikkei (+3.2%) outperformed in Asia and Britain's FTSE (-1.1%) leads the way lower in Europe. S&P 500 futures are higher by 33.25 points at 1906.00. Schlumberger is buying Cameron. The world's largest oilfield services company is buying oilfield equipment maker Cameron for $14.8 billion. Reuters reports, Cameron shareholders will receive $66.36 — $14.44 in cash and 0.716 of a Schlumberger share — per share. The price tag represents a 56.3% premium to Tuesday's closing price. Transocean wants to stop its dividend. The offshore oil driller is seeking shareholder approval to cancel its third and fourth quarter dividend payments. The Wall Street Journal reports, the company announced back in February it was reducing its quarterly payout by 80% to $0.15 per share as a result of it being part of a "cyclical and capital-intensive industry." The company saw second quarter revenue fall 19% compared to last year as a result of the oil crash. Oshkosh scored a big army contract. The US Army has awarded Oshkosh an eight-year armored truck contract worth up to $30 billion. According to the Journal Sentinel, the initial contract is for the purchase of 17,000 multipurpose vehicles at a price tag of $6.75 billion, but could reach as much as 50,000 vehicles. Also, the US Marine Corps will buy up to 5,500 vehicles as part of the deal. In addition, the contract could bring years of parts and service repairs, reports the Journal Sentinel. The first vehicle is scheduled to be delivered in 2017. A utilities merger has been blocked. Exelon Corp's $6.8 billion buyout of Pepco Holdings has been blocked by regulators, according to Reuters. The three-member D.C. Public Service Commission decided the companies have not yet shown how the deal is in the best interest of the public. The companies have 30 days to ask the commission to reconsider. Cnooc's profit plunged. The state-owned Chinese oil giant saw its first half profit plunge 56% versus a year ago to RMB 14.7 billion ($2.3 billion). Revenue tumbled 35.5% to RMB 89.59 billion. "In the first half of 2015, the Company made tremendous efforts to reduce costs and enhance efficiency. As a result of these initiatives, our exploration, development and production activities have maintained stable growth, and major financial indicators remained healthy," CEO Li Fanrong said. The market volatility is exactly why the Fed needs to hike in September. At least that's what Brean Capital's Peter Tchir thinks. According to the Tchir, not hiking rates will send the markets the wrong message. He says, "If the economy deteriorates after the hike, they will cut. Or they will do QE4. I still bet that we see QE4 before 1.00% of Fed Funds, but I think the right move is to hike in September." US economic data is light. Durable orders will cross the wires at 8:30 a.m. ET and crude oil inventories are due out at 10:30 a.m. ET.Treasury will auction $35 billion 5-year notes at 1 p.m. ET. The US 10-year yield is up 3 basis points at 2.10%. Earnings reports flow. Abercrombie & Fitch, Express and Royal Bank of Canada highlight the names reporting ahead of the opening bell. Avago Tech, PVH and Williams-Sonoma are the notables releasing their quarterly results after the close. Read more: www.businessinsider.com/opening-bell-august-26-2015-2015-8#ixzz3jv4nPSDH |
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Post by huh on Aug 26, 2015 6:39:34 GMT -5
Frontrunning: August 26 Submitted by Tyler Durden on 08/26/2015 - 07:33 Global Stocks Struggle to Shrug Off China Fears (WSJ) Brief Respite Ends for European Stocks Amid Renewed Retreat (BBG) Stock futures rise after China injects $21.8 billion (Reuters) China turmoil needn't rattle BOJ, yen rise not a worry: Abe adviser (Reuters) Stock-Market Tumult Exposes Flaws in Modern Markets (WSJ) Dollar gains as stocks recover, lessens safe-haven bid for yen (Reuters) For Oil Producers Cash Is King, and That's Why They Just Can't Stop Drilling (BBG) Rebels Blame Turkey After US-Trained 'Moderates' Captured Inside Syria (Sputnik) As Biden weighs 2016 bid, donors so far stick by Clinton (Reuters) Schlumberger to buy Cameron in $14.8 billion deal (Reuters) Safest Emerging Stocks in Markets With Less to Lose in China (BBG) Top Saudi Suspect in 1996 Anti-U.S. Bombing Arrested, Sharq Says (BBG) Amazon expands Prime Now, offers U.S. alcohol for first time (Reuters) The One-Man, $1.2 Billion ETF Shop (BBG) Why These Cheap Central Park Apartments Are Too Good to Be True (BBG) www.zerohedge.com/news/2015-08-26/frontrunning-august-26 |
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Post by huh on Aug 26, 2015 7:28:00 GMT -5
Dollar futures running. Multiple major resistances up ~95.30-95.40 (currently @94.78)
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Post by crumbdon on Aug 26, 2015 7:41:00 GMT -5
After yesterday, I'm amazed that so many are willing to jump on a ship that's 50+ points up before the market even opens.
So....is this time different?
Do you fellow Faztopians believe the bottom is in for now?
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Post by huh on Aug 26, 2015 7:46:38 GMT -5
Good chance gold backtests the 1120-1125 area. I had hoped it wouldn't.  (or at least that miners would rally with the market and ignore gold) Yep, gold testing that area now. Remember before that I said that I thought this recent run in gold was likely the first of 2 or 3 bottoming patterns. The first of these is nearly always a failed bullish pattern, and if gold loses the 1120 area, then it'll likely continue down for a lower low (the same goes for topping patterns, but in reverse). The good news is that although it may be a steep drop, it'll likely put in a final bottom with that low. Again, this is all if it fails to hold the 1120 area. |
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Post by walnut on Aug 26, 2015 7:55:33 GMT -5
Maybe they think there will an early day run again like yesterday, but ready to sell before the end of day drop.
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Post by novie08 on Aug 26, 2015 8:14:21 GMT -5
Orders for U.S. capital goods in July climbed the most in a year, if we can believe their numbers. Really tempted with UVXY here.
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Post by huh on Aug 26, 2015 8:17:48 GMT -5
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Post by crumbdon on Aug 26, 2015 8:19:35 GMT -5
The only way I would even consider buying this would be a drop to fill the gap with a little consolidation there before rising.
I doubt this market will produce those conditions today, but who knows???!?
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Post by huh on Aug 26, 2015 8:20:04 GMT -5
Orders for U.S. capital goods in July climbed the most in a year, if we can believe their numbers. Really tempted with UVXY here. I'd give my opinion, but following it yesterday would have/did cause missing out on a huge swing trade (UVXY 40% swing from bottom to top) |
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Post by novie08 on Aug 26, 2015 8:28:31 GMT -5
Wow, the market was down 700 before open? Sorry, see they were talking about Mon.  |
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Post by huh on Aug 26, 2015 8:29:55 GMT -5
Wow, the market was down 700 before open? No Dow futures bottomed ~8pm last night, and up as much as ~569 points since |
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Post by huh on Aug 26, 2015 8:50:53 GMT -5
SPX 1915 is the resistance to beat. If it were to break over that, I think right back to the highs with resistances in between ~1950, low 1970's, 2030's, and ~2050
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Post by novie08 on Aug 26, 2015 9:05:24 GMT -5
 Next year, remind me to buy DUST the week of Jackson Hole! Everyone buy the week of Jackson Hole!
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Post by crumbdon on Aug 26, 2015 9:07:48 GMT -5
The only way I would even consider buying this would be a drop to fill the gap with a little consolidation there before rising. I doubt this market will produce those conditions today, but who knows???!? For a minute there, I thought I was gonna get my wish and have to put my money where my mouth is! |
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(or at least that miners would rally with the market and ignore gold)
