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Post by huh on Oct 14, 2016 7:02:38 GMT -5
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Post by huh on Oct 14, 2016 7:03:16 GMT -5
Frontrunning: October 14 China inflation relief sends stocks, dollar higher (Reuters) China producer prices rise for first time in nearly five years, may ease debt woes (Reuters) Oil rises further above $52 on tighter U.S. fuel stocks (Reuters) Oil From $50 Billion Kashagan Field Starts Flowing to Export (BBG) HP Plans Up to 4,000 Job Cuts Over Three Years (BBG) New Rules Make It Harder for Companies to Manage Their Cash (WSJ) The Sept. 11 Lawsuit Bill Is Weaker Than It Appears (BBG) The U.S. Election Is Driving Americans Nuts (BBG) Republicans weigh response with eye toward future (Reuters) Hershey CEO Bilbrey prepares to step down (Reuters) More Than 1 Million in Obamacare to Lose Plans as Insurers Quit (BBG) Saudi Arabia, SoftBank aim to be world's No. 1 tech investor with $100 billion fund (Reuters) Obama decries 'wild west' media landscape (AFP) British banks keep cyber attacks under wraps to protect image (Reuters) Goldman’s Online Consumer-Lending Platform Goes Live (WSJ) Malaysian Fund 1MDB Linked to White House Visit (WSJ) Islamic State crushes rebellion plot in Mosul as army closes in (Reuters) Carmakers forced back to bigger engines in new emissions era (Reuters) Verizon Warns Yahoo That Breach Could Affect Takeover Deal (WSJ) www.zerohedge.com/news/2016-10-14/frontrunning-october-14
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Post by huh on Oct 14, 2016 7:22:08 GMT -5
Wow. Reading the streams this morning and I hadn't realized the media had conditioned people to hate WFC so much. Amazing what they can accomplish in only a couple weeks. It bottomed 10 days ago but people still hating. Support ~44.10.
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Post by huh on Oct 14, 2016 7:32:50 GMT -5
Yesterday's action in FTSE futures. Upside target 7125 if confirms over neckline, support at purple arrow
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Post by huh on Oct 14, 2016 7:36:49 GMT -5
Nasdaq futures action over last month & yesterday's support test
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Post by walnut on Oct 14, 2016 7:39:15 GMT -5
Wow. Reading the streams this morning and I hadn't realized the media had conditioned people to hate WFC so much. Amazing what they can accomplish in only a couple weeks. It bottomed 10 days ago but people still hating. Support ~44.10. The media has successfully convicted Trump on a rape charge in 4 days, when it was Bill who settled with a rape accuser for $850K, but that is forgotten. The media can do anything nowadays. You gotta admit that is pretty impressive, no matter which side you are on.
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Post by huh on Oct 14, 2016 7:43:47 GMT -5
If Trump had bought controlling interest in a large media outlet or two before running they'd already have him looking like the next Kennedy
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Post by huh on Oct 14, 2016 8:00:19 GMT -5
Though I'm bullish banks near term, this chart is for anyone that might mistake me for a long term bull. I'm only waiting to short this final squeeze. One of those H&S-RS-Squeeze-To-New-High patterns I've talked so much about over the last 2 years. And as predicted, it looks as if they will end with the banks.
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Post by huh on Oct 14, 2016 8:24:01 GMT -5
On 08/24 Tim Cook exercised an option for 1,260,000 shares of AAPL and over the next week he sold all of them. That represents 55% of his AAPL holdings at an average price of 107.46, for a grand total of 135,399,765.00. Like I've said before, big $$ sells on the way up. When it crashes it'll be retailers selling, not the big boys. They'll already be waiting for their reload. On 10/3, the COO of AAPL sold more than 93% of his shares. Although AAPL likely has a little upside yet, I bet both these guys will now wait to buy it back at the price I'm waiting for (64-67)
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Post by clinton on Oct 14, 2016 8:31:39 GMT -5
Gap and Go weeeeeeeeeeeeeeee
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Post by huh on Oct 14, 2016 8:32:35 GMT -5
Looks like gold will test the low 1200's (1200-1220)
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Post by huh on Oct 14, 2016 8:55:36 GMT -5
I could be wrong, but this is the exact type of open you'd expect for a short term pivot bottom. And then 3 major banks that have been relatively strong during this pullback all report tomorrow, on a Friday morning? Potentially a weekly put seller's/weekly call buyer's dream. Weekly puts, especially bank puts, absolutely destroyed
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Post by walnut on Oct 14, 2016 9:09:35 GMT -5
Gotta go to work. Waiting for this correction to come anyway
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Post by huh on Oct 14, 2016 9:45:53 GMT -5
Oil could make a run for 52.50's from here, currently 50.37, support ~50.30
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Post by huh on Oct 14, 2016 10:04:50 GMT -5
Oil could make a run for 52.50's from here, currently 50.37, support ~50.30 Well that failed about as soon as I posted it. Jeesh
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Post by clinton on Oct 14, 2016 10:05:26 GMT -5
11:30 dip? probably
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Post by dino on Oct 14, 2016 10:14:21 GMT -5
Dumped a big portion of my TNA pm for a nice gain. Might buy it back now but have had technical difficulties all day. Still holding upro and fas as well. Trading off my phone which sucks. I'm lost without my charts and lines. Lol
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Post by dino on Oct 14, 2016 10:16:40 GMT -5
Hard to tell, but looks like Spx typhooned this morning on the 5 min chart?!?!. That might be the reason for the drop?
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Post by huh on Oct 14, 2016 10:37:56 GMT -5
Hard to tell, but looks like Spx typhooned this morning on the 5 min chart?!?!. That might be the reason for the drop? I think VX_F has to backtest yesterday's lows at least, and WFC backtest ~44.10 so that MM's can be loaded for its rally. Besides, MM's had to grab their profits in those weekly calls on banks. Soon time for them to start next week's options setups. JMO I will say this though. If market doesn't close strong today, that wouldn't bode well for yesterday being a pivot bottom.
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Post by dino on Oct 14, 2016 12:33:03 GMT -5
Taking gains on upro, fas and TNA here Spx 2140. I see bear flags on my phone.
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