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Post by huh on Sept 23, 2016 7:04:01 GMT -5
10 things you need to know before the opening bell France's economy is driving Europe. For the first time since 2012, France's economy is doing better than Germany's, at least according to preliminary PMI data released by IHS Markit. The euro is up 0.1% at 1.1218 against the dollar. Job openings in finance are plunging in the UK. Data from Institute for Public Policy Research says that jobs openings in the finance industry in the UK are down 10.1% since the UK's vote to leave the European Union. Leon Cooperman says he will beat the insider-trading charges. Cooperman, who was charged with insider trading on Wednesday, told reporters, "If you're 73 and don't give a s--- what it costs you and your reputation is important, basically you'll defend yourself to the end." CBOE is trying to buy the second-largest US equity market. Bloomberg reports that the Chicago Board Options Exchange has approached Bats Exchange for a takeover, but a price is not yet known. Facebook inflated its video views. A Wall Street Journal report found that for more than two years the social-media giant exaggerated a key advertising metric used to assess video views on the site by as much as 80%, but Business Insider's Lara O'Reilly says it's not as bad as it seems. Yahoo's data breach is enormous. The company believes the credentials of at least 500 million user accounts were stolen by a "state-sponsored actor" in 2014, which would make it the largest-ever data breach. All of the top five investment banks are located in the US. Deutsche Bank has fallen to sixth place in Coalition's latest rankings of investment banks, making it the first time since the tail end of the financial crisis that a European bank is not in the top five. Valvoline goes public. The engine and automotive-maintenance company will begin trading Friday after pricing its initial public offering at $22 a share, within the expected range of $20 to $23. Shares of Valvoline will trade under the ticker "VVV." Stock markets around the world are in the red. China's Shanghai Composite (-0.3%) lagged in Europe, and Spain's IBEX (-1.3%) trails in Europe. S&P 500 futures are down 2.50 points at 2,165.75. US economic data trickles out. Markit US Manufacturing PMI will be released at 9:45 a.m. ET, and the Baker Hughes rig count will cross the wires at 1 p.m. ET. The US 10-year yield is down 1 basis point at 1.61%. www.businessinsider.com/opening-bell-september-23-2016-2016-9 |
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Post by huh on Sept 23, 2016 7:04:45 GMT -5
10 things in tech you need to know today 1. Yahoo confirmed it suffered a major breach — and it could be the largest hack of all time. Yahoo said it believes that at least 500 million user account credentials were stolen. 2. Facebook exaggerated video views to advertisers. It may have exaggerated a key metric — the average amount of time viewers spent watching each video — to advertisers by as much as 80%. 3. Google pumped a bunch of money into Airbnb. The company has raised $555 million (£424 million) at a $30 billion (£22 billion) valuation, part of a desired $850 million (£650 million) round. 4. Oculus Rift creator Palmer Luckey is financing a pro-Trump meme group. Luckey is financing "Nimble America," a Conservative group with a focus on viral, anti-Clinton memes. 5. Apple bought another company to make Siri better. It has bought Tuplejump, a machine learning technology company with operations in both India and the United States. 6. Jawbone hasn’t paid one of its key business partners and has almost no inventory left, sources say. The company abruptly ended its relationship with the customer service agency NexRep earlier this month after Jawbone failed to make payments. 7. Amazon closed at an all-time high as it more than doubled its stock price in just 17 months. That gives Amazon a market cap of over $380 billion (£290 billion). 8. LinkedIn's first big move since the $26.2 billion (£20 billion) Microsoft acquisition is basically a "school" for getting a better job. LinkedIn Learning takes the online skills training classes the company got in its 2015 acquisition of Lynda.com for $1.5 billion. 9. Donald Trump's warning about impending "online censorship" is dead wrong. His campaign has waded into a technical debate over the administration of the internet. 10. Tesla will unveil its solar roof in October. The company will unveil a solar roof October 28 in the San Francisco area. It will be integrated with the new version of Tesla's at-home battery, the Powerwall 2.0, and Tesla's charger. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-september-23-2016-9 |
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Post by huh on Sept 23, 2016 7:05:18 GMT -5
Frontrunning: September 23 Futures slip after three-day rally as oil dips (Reuters) Charlotte protests diminish early on Friday as family views video (Reuters) Undecided Voters Are Proving a Tough Sell for Clinton and Trump (BBG) Facebook Overestimated Key Video Metric For Two Years (WSJ) Trump received $1.6 million from Secret Service (Politico) How Bond Yields Got This Low (WSJ) Fiercest airstrikes yet on Aleppo after Syria declares offensive (Reuters) The Man Who May Inherit the Mess at Wells Fargo (BBG) Kingdom Comedown: Falling Oil Prices Shock Saudi Middle Class (WSJ) HSBC walks U.S. regulatory tightrope over $10 billion of 'trapped' capital (Reuters) Treasury minister Lord O'Neill quits government (BBC) Leon Cooperman’s Man in Shale Patch Goes From Hero to Headache (BBG) Bond Bulls Curb Their Enthusiasm in China’s Leverage Crackdown (BBG) Probe of leaked U.S. NSA hacking tools examines operative's 'mistake' (Reuters) LSE’s Rolet Says 100,000 Jobs at Risk If Clearing Leaves London (BBG) Provincial boss ordered crackdown on China's 'democracy village' with eye on national power (Reuters) www.zerohedge.com/news/2016-09-23/frontrunning-september-23 |
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Post by huh on Sept 23, 2016 7:17:38 GMT -5
Although I'm bearish some individual names (especially tech), and warning about the potential big top in the indices, I'm still bullish the market right now. Seems to me this week has been a lot of distribution, but VIX scams got hit hard as well, and appear to still have more downside yet, perhaps quite a bit (VX_F could see down to 12, or more than 20% downside).
Still also bullish Naz futures so long as it continues to close above 4853 - for me that's now its difference between a bull market and a bear market.
Banks, using IYF's chart since XLF's is such a mess after the adjustment, should have at least 1% more upside from here
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Post by huh on Sept 23, 2016 7:25:19 GMT -5
Looks as if indiex futures will go back to test some of the previous resistances they broke over the last couple days
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Post by huh on Sept 23, 2016 7:38:31 GMT -5
CYTK could be setting up very bullish so long as it holds the 8.50's (closed @ 8.83). That channel (green) is a little sloppy, but could be a long play against that lower FIB (this week's low @ 8.51)  |
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Post by huh on Sept 23, 2016 7:56:30 GMT -5
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Post by Herceg on Sept 23, 2016 7:57:04 GMT -5
Watch APTI IPO today..............Cloud tech hot with RHT earnings this past week..............
JMO and BOL........
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Post by huh on Sept 23, 2016 8:07:21 GMT -5
Whoa. TWTR just jumped more than 15%. I definitely didn't see that coming. I even had a suggested short on it in the other thread  |
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Post by huh on Sept 23, 2016 8:18:11 GMT -5
Whoa. TWTR just jumped more than 15%. I definitely didn't see that coming. I even had a suggested short on it in the other thread LOL. Here Is Every Twitter Takeover Rumor Of 2016Technically speaking, TWTR has FIB resistances at 22.82, 24.83 and 27.60. Event he highest of those is still ~50% off last year's high |
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Post by huh on Sept 23, 2016 8:51:53 GMT -5
Told two friends to get in when CYTK was trading at 8.70. Let's see if they'll still be my friends after today. LOL
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Post by huh on Sept 23, 2016 9:00:52 GMT -5
Every time AMZN trades this high above its daily BB, it begins to pull back hard within a day or two Now if AMZN follows its typical pattern, it should make a slightly higher high tomorrow to put in a top As expected, AMZN did make a slightly higher high, and now below yesterday's high |
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Post by walnut on Sept 23, 2016 9:15:52 GMT -5
Trying to sell some more VXX. I'm assuming today is not going to be another tall green candle day, VXX should come up .5 or $1.
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Post by huh on Sept 23, 2016 9:19:03 GMT -5
Trying to sell some more VXX. I'm assuming today is not going to be another tall green candle day, VXX should come up .5 or $1. I think it should at least come close to filling the upside gap @ 34.49. VX_F has a gap fill ~15.777 |
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Post by walnut on Sept 23, 2016 9:22:15 GMT -5
Yeah my sell order is 34.5
As fast as VXX erodes, you have to be shorting additional shares frequently or your principal shrinks to a small size fast.
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Post by huh on Sept 23, 2016 9:22:48 GMT -5
GPRO up decently this morning, but has resistance ~14.77. However, if it could hold over that, then good chance it could climb to ~17.80. Adjust the GPRO target down to 17.60's. If hit, the swing trade would still be good for nearly 20% |
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Post by huh on Sept 23, 2016 9:28:02 GMT -5
ETSY at some major resistance here (15.57)
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Post by huh on Sept 23, 2016 9:46:53 GMT -5
Potential bull flag in $AAPL for ~117. Confirms if rises >114.75 (and only if). But if it does, we no longer have to wait for a close >116.40 as bullish confirmation
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Post by huh on Sept 23, 2016 9:58:47 GMT -5
Whoa. TWTR just jumped more than 15%. I definitely didn't see that coming. I even had a suggested short on it in the other thread LOL. Here Is Every Twitter Takeover Rumor Of 2016Technically speaking, TWTR has FIB resistances at 22.82, 24.83 and 27.60. Event he highest of those is still ~50% off last year's high Seriously, how is it no one goes to jail over this kind of stuff? |
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Post by clinton on Sept 23, 2016 10:32:13 GMT -5
Although I'm bearish some individual names (especially tech), and warning about the potential big top in the indices, I'm still bullish the market right now. Seems to me this week has been a lot of distribution, but VIX scams got hit hard as well, and appear to still have more downside yet, perhaps quite a bit (VX_F could see down to 12, or more than 20% downside). Still also bullish Naz futures so long as it continues to close above 4853 - for me that's now its difference between a bull market and a bear market. Banks, using IYF's chart since XLF's is such a mess after the adjustment, should have at least 1% more upside from here I got SDS KR and cash nothing looks buyable today |
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