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Post by huh on Aug 30, 2016 6:57:58 GMT -5
10 things you need to know before the opening bell Big changes could be coming to Obamacare. The US Centers for Medicare and Medicaid Services have proposed numerous changes aimed at getting younger people to sign up and making it less risky for insurers in the marketplace to take on sick patients. Japan's unemployment rate is at a 21-year low. Data from the Ministry of Internal Affairs and Communications showed Japan's unemployment rate slid to a seasonally adjusted 3.0% in July, its lowest since 1995. The Japanese yen is weaker by 0.5% at 102.40. Brexit is having a big impact on the UK mortgage market. The number of new mortgages given out in the UK in July was 60,912, making for the lowest total in 18 months as uncertainty took hold following the June 23 vote for a British exit from the European Union. The British pound is lower by 0.2% at 1.3085. Saudi Arabia is bleeding reserves. The kingdom's foreign-exchange reserves fell by $6 billion in July and are at their lowest level since February 2012, Reuters reports. Gold is doing something it's only done twice in the past decade. The price of the precious metal has historically moved in tandem with the rate of central bank balance-sheet expansions, but it is not keeping up right now. Gold is down 0.3% near $1,319.50 an ounce. Mondelez says it won't pursue Hershey anymore. Mondelez says it does not see a path forward for its $23 billion takeover attempt of the chocolate giant because of "recent shareholder developments at Hershey." Europe hit Apple with a 13-billion-euro ($14.5 billion) fine. The European Commission has ordered Ireland to claw back the money after concluding it had granted the company illegal tax benefits. Apple is down about 2% ahead of the opening bell. Stock markets around the world are mostly higher. Hong Kong's Hang Seng (+0.9%) led the advance in Asia, and Germany's DAX (+1.0%) paces the charge in Europe. S&P 500 futures are down 1.75 points at 2,177.50. Earnings reporting is light. Abercrombie & Fitch and G-III Apparel report ahead of the opening bell while H&R Block releases its quarterly results after markets close. US economic data trickles out. Consumer confidence will cross the wires at 10 a.m. ET. The US 10-year yield is higher by 2 basis points at 1.58%. www.businessinsider.com/opening-bell-august-30-2016-2016-8 |
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Post by huh on Aug 30, 2016 6:58:45 GMT -5
10 things in tech you need to know today 1. Europe is about to hit Apple with its "largest tax penalty" ever. The figure could be as high as $19 billion. 2. A former Facebook news team worker says management basically ignored them. The team responsible for curating Facebook's Trending Topics news section was reportedly fired on Friday. 3. YouTube live video views are up 80% in the last year. Neal Mohan, head of product at YouTube, said the number of live video postings on YouTube grew by 30% over the same time period. 4. David Drummond, a longtime executive at Google parent company Alphabet, has resigned from his role on Uber's board of directors. The move comes as competition between the two tech companies mounts. 5. The new Apple Watch might have a longer-lasting battery. Leaked photos indicate the Apple Watch 2 could have a 35% larger battery, at least in the larger version. 6. Tech billionaire Sean Parker reportedly just bought a third adjacent townhouse in New York City. The new addition is directly adjacent to two other townhouses Parker already owns — one, a $20 million carriage house commonly called "Bacchus House," and the other a $16.5 million home next door. 7. Tim Cook cashed in $36 million in Apple stock. Cook still has about 3.5 million shares in Apple that are set to vest over the next five years, depending on performance. 8. Apple has been given permission to construct a new building at its European headquarters in Ireland. The expansion will allow Apple to employ an additional 1,000 people at its Hollyhill campus in Cork over the next 18 months. 9. Internet entrepreneur Kim Dotcom will be allowed to stream his appeal against extradition live online. The founder of the seized Megaupload websites is wanted in the US on charges of copyright infringement, racketeering and money laundering. 10. Apple sent invitations for the iPhone 7 event on September 7. The event will be held at the Bill Graham Civic Auditorium in San Francisco. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-august-30-2016-8 |
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Post by huh on Aug 30, 2016 6:59:19 GMT -5
Frontrunning: August 30 EU demands Apple pay Ireland up to 13 billion euros in tax (Reuters) Dollar Advances as Treasuries Drop on Rate Outlook; Stocks Rise (BBG) Chinese embassy in Kyrgyzstan hit by suspected suicide car bomb (Reuters) France, joining German Economy Minister, urges halt to trade talks with U.S. (Reuters) Euro zone monthly economic sentiment falls more than expected (Reuters) Japan’s Household Spending and Unemployment Fall in July (BBG) At Ports, a Sign of Altered Supply Chains (WSJ) Food Price Deflation Cheers Consumers, Hurts Farmers, Grocers and Restaurants (WSJ) Fed's Fischer says U.S. job market 'very close' to full strength (Reuters) Defiant Rousseff says Brazil's democracy on trial with her (Reuters) Yuan Bears Emerge From Hibernation as Fed Imperils G-20 Calm (BBG) Employers Find ‘Soft Skills’ Like Critical Thinking in Short Supply (WSJ) Can Assange and Denton revive the Wikileaks-Gawker revolution? (Reuters) Beneath Yuan’s Quiet, China Worries Rise (WSJ) Massachusetts Could Swap Time Zones for Later Winter Sunsets (BBG) Fight for Syria's Aleppo exposes limits of Russian air power (Reuters) Japan’s First Home-Made Jet Back in Hangar After Aborted Tests (BBG) www.zerohedge.com/news/2016-08-30/frontrunning-august-30 |
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Post by huh on Aug 30, 2016 7:04:56 GMT -5
AAPL FIB resistance 107.50's (since backtest of H&S neckline), and that neckline now sits ~107.91. (It's a small H&S, only pointing down to ~105.50) But if it can break that neckline, then ~110.70 would still be the next resistance to clear. AAPL hitting that H&S target in premarket, with a gap down. That's typically short term bullish at least. |
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Post by huh on Aug 30, 2016 8:09:37 GMT -5
Any math wizards here? I mean enough to understand the expression:
alepho < |S| < 2aleph0
What it means and the formulas/logic/axioms that lead to it?
I'm not looking to learn it. After doing research for a story I'm writing, I understand it well enough. I also found that I can disprove it, at least logically. In fact, I can show that the expression:
alepho < 2aleph0
is majorly flawed. The problem is I'm no math wizard and already forgot nearly everything about algebra. I wouldn't even know where to begin in doing a formal proof for this.
I also have a radical new theory regarding stellar evolution that is supported by the evidence even moreso than the currently accepted theory(ies). But I also know enough that it would take years of studying mathematics, physics, thermodynamics, etc. in order for me to support that one, let alone prove it. (BTW, I've been doing some research on nuclear fission and fusion recently. Fascinating stuff. I know Jack and perhaps someone else here have experience in that stuff)
What do you do with information like this?
And yeah, the market's been that slow! LOL
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Post by walnut on Aug 30, 2016 8:23:55 GMT -5
There are a few, if they happen to check in today and see your post.
I have a niece who was attending university here and while she stayed with us she had a part time job solving complex equations for oil companies. They literally gave her problems and she worked them out. She is back in Singapore now though.
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Post by huh on Aug 30, 2016 8:46:00 GMT -5
AAPL FIB resistance 107.50's (since backtest of H&S neckline), and that neckline now sits ~107.91. (It's a small H&S, only pointing down to ~105.50) But if it can break that neckline, then ~110.70 would still be the next resistance to clear. AAPL hitting that H&S target in premarket, with a gap down. That's typically short term bullish at least. That's bullish  |
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Post by walnut on Aug 30, 2016 9:12:54 GMT -5
Market is probably not really pricing in odds for future rate increases. May still not be a big deal, maybe the market is right.
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Post by Herceg on Aug 30, 2016 9:20:18 GMT -5
JNUG and NUGT looking interesting again...........DUST should be a fader............
JMO and BOL.....
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Post by clinton on Aug 30, 2016 9:44:01 GMT -5
added to JBLU and SPXU today
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Post by clinton on Aug 30, 2016 9:44:19 GMT -5
oil going to have a massive correction IMO
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Post by huh on Aug 30, 2016 10:29:54 GMT -5
JNUG and NUGT looking interesting again...........DUST should be a fader............ JMO and BOL..... I'd wait for GDX to get back above that lower line, then use that as support (or at least the 76.4 FIB from the low before it):  |
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Post by huh on Aug 30, 2016 11:35:30 GMT -5
This market really sucks. No sense in even looking at charts anymore. I see the upside targets, and I know they'll get hit. And though they're very, very close now, how long will it take to get there? Today? Next week, month, year?
This is like watching, well, it's like watching as option premiums decay. I feel stoopid even checking on things from time to time, and that's gotten to be pretty seldom lately.
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Post by huh on Aug 30, 2016 11:58:54 GMT -5
There's some other potential upsides such as BAC to ~16.18, F to ~13.80, but there's really no bullish patterns/reason to think they'll get there. Only potential gap fills/FIB retracements. Well, BAC got close at least. HOD so far 16.16 |
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Post by jacksrbtr on Aug 30, 2016 13:27:07 GMT -5
Any math wizards here? I mean enough to understand the expression: aleph o < |S| < 2 aleph0What it means and the formulas/logic/axioms that lead to it? I'm not looking to learn it. After doing research for a story I'm writing, I understand it well enough. I also found that I can disprove it, at least logically. In fact, I can show that the expression: aleph o < 2 aleph0is majorly flawed. The problem is I'm no math wizard and already forgot nearly everything about algebra. I wouldn't even know where to begin in doing a formal proof for this. I also have a radical new theory regarding stellar evolution that is supported by the evidence even moreso than the currently accepted theory(ies). But I also know enough that it would take years of studying mathematics, physics, thermodynamics, etc. in order for me to support that one, let alone prove it. (BTW, I've been doing some research on nuclear fission and fusion recently. Fascinating stuff. I know Jack and perhaps someone else here have experience in that stuff) What do you do with information like this? And yeah, the market's been that slow! LOL I hated Finite Maths and that guy Aleph Null can go kiss my patootie! Sorry |
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