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Post by huh on Jun 28, 2016 7:14:10 GMT -5
10 things you need to know before the opening bell European stocks are roaring back. Stock markets across Europe are higher by more than 2%, led by a 3% gain in Spain's IBEX. Overnight, China's Shanghai Composite (+0.6%) led and Australia's ASX (-0.7%) lagged. S&P 500 futures are higher by 21.75 points at 2,006.75. The pound is seeing a bounce. The British pound is higher by 0.8% at 1.3330 as trade repairs some of the damage caused by Thursday's Brexit decision. Over the past few sessions the currency had tumbled about 11% from its Thursday high near 1.5000. The UK was hit with 2 downgrades S&P cut the UK's "AAA" rating to "AA," and Fitch lowered its "AA+" rating to "AA." Both rating agencies assigned a negative outlook. According to a statement released by S&P, the British vote to leave the European Union "is a seminal event, and will lead to a less predictable, stable, and effective policy framework in the UK." George Soros shorted Deutsche Bank. A German regulatory filing shows that Soros Fund Management sold roughly 7 million shares of Deutsche Bank stock after the Brexit was announced Friday, Bloomberg reports. The filing showed the short position amounted to 0.51% of Deutsche Bank shares but didn't have an entry price. Soros became a hedge fund legend after shorting the British pound on Black Wednesday in 1992. Volkswagen's emissions-scandal settlement is coming. A source told Reuters the settlement was expected to total almost $15 billion. The breakdown includes about $10 billion for buybacks of polluting vehicles and about $5 billion to offset diesel emissions. An announcement is expected Tuesday. Google is reportedly working on a smartphone. The search giant has licenses with a handful of companies including LG and Huawei but is building its own smartphone, according to The Telegraph. The report says the phones are expected to be released by the end of the year. Lyft has hired an investment bank. The ride-hailing app has hired the investment bank Qatalyst Partners, The Wall Street Journal reports, citing people familiar with the matter. The hiring has led to some speculation the firm is looking into a sale. In its latest round of funding, which took place in January, Lyft was valued at $5.5 billion. Pfizer is investing in China. The pharmaceutical giant is planning a $350 million biotech center in China. Reuters says the facility will be built in Hangzhou and will mark the presence of Pfizer's first biotech center in Asia. Completion is scheduled for 2018. Earnings reports trickle out. Carnival reports ahead of the opening bell, and Nike releases its quarterly results after markets close. US economic data flows. GDP - Third Estimate will be released at 8:30 a.m. ET before Case-Shiller 20-city Index and consumer confidence are due out at 9 a.m. ET and 10 a.m. ET, respectively. The US 10-year yield is up 4 basis points at 1.48%. www.businessinsider.com/opening-bell-june-28-2016-2016-6 |
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Post by huh on Jun 28, 2016 7:14:52 GMT -5
10 things in tech you need to know today 1. Google is reportedly working on developing its own smartphone. The company currently licenses the Nexus line of phones with companies like LG and Huawei. 2. Uber is going to start letting people request a hot air balloon or boat ride. The services, which will initially be exclusive to China, are being offered through a new feature called Uber + Travel. 3. HP CEO Meg Whitman is reorganizing HP Enterprise just nine months after HP split in two. Several senior employees are leaving the enterprise division. 4. Google is apparently surveying people about what a "Chromebook Pro" should be like. The word "Pro" would imply a high-end laptop running Chrome OS, just like, say, the MacBook Pro or the Surface Pro 4. 5. Tesla's giant factory opens in July but it's nowhere near complete. The estimated cost of construction permitted so far is $322 million. 6. Apple gave its employees special rainbow Apple Watch bands that normal people can't buy. Employees posted photos of the band on social media over Pride weekend. 7. Ride-sharing service Lyft has hired investment bank Qatalyst Partners ahead of a possible sale. The bank's chairman has contacted companies including large automakers about acquiring a stake in Lyft. 8. Airbnb is suing San Francisco over new rental laws. The city wants the startup to comply with tougher rental legislation. 9. The CEO candidate of $3 billion Docusign bailed at the last minute to join Google. Rick Osterloh reportedly pulled out of taking Docusign's CEO position in March so he could go back to Google, where he now serves as SVP of hardware. 10. 70 UK tech workers spent the weekend cycling from France to Britain. Brexit was all that anyone could talk about. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-june-28-2016-6 |
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Post by huh on Jun 28, 2016 7:15:35 GMT -5
Frontrunning: June 28 Brexit vote, UK political confusion keep world markets on edge (Reuters) Cameron Heads to Last Supper in Brussels Amid Impasse in London (BBG) Banks Get Reprieve From Brexit Hammering (WSJ) U.S. Stock Futures Rise as Stimulus Hopes Outweigh Brexit Fears (BBG) Brexit adds to existing troubles faced by banks (FT) Merkel Tells Cameron Before EU Summit: Don’t Delude Yourself (BBG) Draghi Calls for Global Policy Alignment to Lift Economic Growth (BBG) Poll Finds Opening for Third-Party Candidates as Clinton, Trump Remain Unpopular (WSJ) Kremlin: mending ties with Turkey 'not a matter of a few days' (Reuters) LendingClub to Cut 179 Positions as Loan Volumes Fall (WSJ) Volkswagen's U.S. diesel emissions settlement to cost $15 billion (Reuters) Japan Yields All Drop Below 0.1% First Time in Global Bond Surge (BBG) Lyft Hires M&A Banker Qatalyst Partners (WSJ) Soros Wagered Deutsche Bank Would Drop in Brexit Turmoil (BBG) Brexit Steamrolls Fed Model for Stock Bulls as Bond Yields Drop (BBG) www.zerohedge.com/news/2016-06-28/frontrunning-june-28 |
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Post by huh on Jun 28, 2016 7:38:35 GMT -5
Oil down 2.25% to 46.57 but doesn't look like support yet until ~45.80's This trade idea benefit anyone? (LOD was 45.84) ...But I still think all of this will get squeezed somehow during normal market hours. We'll see. Dollar futures coming up on major resistance now ~96.90... And DX_F ~96.90. Should have now loaded enough fresh panda bears to put a bottom in this pullback Or this one? (HOD was 96.86) That FIB support in TSLA actually sits ~187.75. Showing downside target now for ~192.50 TSLA close to testing that support. Good risk/reward long 187.70-188.00 Or even this one? (LOD was 187.87) |
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Post by huh on Jun 28, 2016 7:52:37 GMT -5
VX_F downside target 15.20's (currently >21)
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Post by huh on Jun 28, 2016 8:09:19 GMT -5
Strong likelihood GDX will test 25.50 even though dollar looks set to drop
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Post by walnut on Jun 28, 2016 8:25:30 GMT -5
Oil down 2.25% to 46.57 but doesn't look like support yet until ~45.80's This trade idea benefit anyone? (LOD was 45.84) And DX_F ~96.90. Should have now loaded enough fresh panda bears to put a bottom in this pullback Or this one? (HOD was 96.86) TSLA close to testing that support. Good risk/reward long 187.70-188.00 Or even this one? (LOD was 187.87) For me I'm not really trading like that anymore, just the scams and a few buy and holds. But I know that the rest do trade. Maybe I will again, haven't decided |
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Post by Herceg on Jun 28, 2016 8:35:43 GMT -5
Scams not up much or down with mkt....................much more volatility to come however earnings on deck soon................
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Post by clinton on Jun 28, 2016 8:43:20 GMT -5
LONG LUV at 37.15
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Post by dino on Jun 28, 2016 8:49:22 GMT -5
Bought some UPRO here. Time to go hide... Added UPRO, got some TNA as well ~ SPX 1995. SPX 1991 very good horizontal support imo. Trimmed both positions here at SPX 2022 (200 day sma = 2021). Both only for a few positive percentage points since I took a beating on the first buys. Had large positions though so it was time to play it safe. Will dump the rest on continued strength and buy back cheaper. Will play the volatility - that's the plan anyways. lol. Still holding WATT though I am looking to dump soon. |
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Post by clinton on Jun 28, 2016 8:51:53 GMT -5
LONG XLK at 42.05
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Post by clinton on Jun 28, 2016 8:53:10 GMT -5
this is a gap and go short burner if Ive ever seen one. IMO
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Post by huh on Jun 28, 2016 8:59:07 GMT -5
Added UPRO, got some TNA as well ~ SPX 1995. SPX 1991 very good horizontal support imo. Trimmed both positions here at SPX 2022 (200 day sma = 2021). Both only for a few positive percentage points since I took a beating on the first buys. Had large positions though so it was time to play it safe. Will dump the rest on continued strength and buy back cheaper. Will play the volatility - that's the plan anyways. lol. Still holding WATT though I am looking to dump soon. Congrats, even if not big gains. Considering the volatility, that's great! WATT currently confirming upside target for at least mid-13's |
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Post by clinton on Jun 28, 2016 9:06:56 GMT -5
I keep watching AKS
and keep missing every pop
not watching close enough I guess
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Post by dino on Jun 28, 2016 9:07:48 GMT -5
Added UPRO, got some TNA as well ~ SPX 1995. SPX 1991 very good horizontal support imo. Trimmed both positions here at SPX 2022 (200 day sma = 2021). Both only for a few positive percentage points since I took a beating on the first buys. Had large positions though so it was time to play it safe. Will dump the rest on continued strength and buy back cheaper. Will play the volatility - that's the plan anyways. lol. Still holding WATT though I am looking to dump soon. Dumped the rest of both here at spx 2026, will hopefully buy back cheaper. If not, no worries. UPRO 60.10, TNA 56.40. IWM 200 day sma 110.81 I want to see if these 200s hold first. If they don't, they'll drop it a little imo to suck in some more buyers and burn some more shorts. |
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Post by huh on Jun 28, 2016 9:08:52 GMT -5
Trimmed both positions here at SPX 2022 (200 day sma = 2021). Both only for a few positive percentage points since I took a beating on the first buys. Had large positions though so it was time to play it safe. Will dump the rest on continued strength and buy back cheaper. Will play the volatility - that's the plan anyways. lol. Still holding WATT though I am looking to dump soon. Dumped the rest of both here at spx 2026, will hopefully buy back cheaper. If not, no worries. UPRO 60.10, TNA 56.40. IWM 200 day sma 110.81 I want to see if these 200s hold first. If they don't, they'll drop it a little imo to suck in some more buyers and burn some more shorts. Yeah, wouldn't be surprised to see VX_F back to 21.00-21.75 again for a fakeout shakeout (currently 20.48) |
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Post by huh on Jun 28, 2016 9:16:35 GMT -5
Was that a Guest post that suddenly disappeared?
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Post by dino on Jun 28, 2016 9:27:53 GMT -5
Trimmed both positions here at SPX 2022 (200 day sma = 2021). Both only for a few positive percentage points since I took a beating on the first buys. Had large positions though so it was time to play it safe. Will dump the rest on continued strength and buy back cheaper. Will play the volatility - that's the plan anyways. lol. Still holding WATT though I am looking to dump soon. Congrats, even if not big gains. Considering the volatility, that's great! WATT currently confirming upside target for at least mid-13's Yeah, buying in thirds and 1-3 day holds are my sweet spots, especially playing 3x's. I don't like to hold if I don't have to. I bought these too early as well so I'm not taking any chances. Green = good when the majority of your time you spent swimming in red. I think we move up from here but there's also that chance they drop it again to test the lows and keep bears all warm and fuzzy. Also, don't forget that this market is 100% manipulated and they will burn longs just as easy as they do bears. I think this is low odds right now but it is a possibility. I know I'm stating the obvious to this board so just take it as a friendly reminder. As far as WATT, I see it stuck in a range on the daily for the last few months. 9.50ish to 11.50 - 12 range. Clear 12 and it should get some legs imo. Haven't looked at shorter term patterns. I'll probably sell into strength at 12 and watch to see if it can bust through that. |
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Post by huh on Jun 28, 2016 9:41:18 GMT -5
I adjusted the above VX_F potential upside - could see as high as ~21.75 (21-21.75 for the fakeout shakeout). Could get DX_F back to ~96.50 (for a RS of a H&S) and GDX up to ~27 (for the opening gap fill)
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Post by huh on Jun 28, 2016 9:42:05 GMT -5
WATT  |
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