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Post by huh on Nov 17, 2016 7:54:36 GMT -5
10 things you need to know before the opening bell Janet Yellen testifies before the Joint Economic Committee. The committee is likely to ask questions about the potential for a December rate hike, how President-elect Donald Trump's policies could impact the economy, and Fed independence. The Bank of Japan unleashed a new bond-buying program. The central bank said it would buy an unlimited amount of bonds for the first time under its new policy that aims to control the shape of the Japanese yield curve. France's prime minister is worried about Europe. Speaking at an event in Berlin, French Prime Minister Manuel Valls said Europe is in danger of breaking apart and could fail, Reuters reports. UK retail sales crushed estimates. Retail sales in the UK climbed 1.9% month-over-month in October, easily outpacing the 0.4% gain that economists had forecast as clothing, shoes, and textiles saw big gains. The British pound is stronger by 0.2% at 1.2470 against the dollar. Australia's jobs report disappointed. The Australian economy added 9,800 jobs in October (+20,000 expected) as the unemployment rate held at 5.6%. The Australian dollar is down 0.2% at .7466 versus the dollar. LinkedIn has become the first social network blocked in Russia. Russia's communications watchdog, Roskomnadzor, has added the social network to its list of blacklisted websites, Financial Times reports. Cisco warns next quarter will be weak. The company beat on the top and bottom lines, earning an adjusted $0.61 per share on revenue of $12.4 billion, but said revenue will fall 2% to 4% versus a year ago (+2% expected). Shares of Cisco are down almost 4% ahead of the opening bell. Stock markets around the world trade mixed. Australia's ASX (+0.3%) led the way up overnight and Spain's IBEX (-0.6%) lags in Europe. The S&P 500 is on track to open higher by 0.3% near 2,179. Earnings reporting remains light. Best Buy, Staples, and Walmart report ahead of the opening bell while Gap, Ross Stores, and Salesforce.com release their quarterly results after markets close. US economic data is heavy. CPI, housing starts, initial jobless claims, and the Philly Fed will all be released at 8:30 a.m. ET. The US 10-year yield is down 3 basis points at 2.19%. markets.businessinsider.com/news/stocks/10-things-you-need-to-know-before-the-opening-bell-1001530011
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Post by huh on Nov 17, 2016 7:55:06 GMT -5
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Post by huh on Nov 17, 2016 7:55:43 GMT -5
Frontrunning: November 17 Dollar halts charge as bashed bonds steady (Reuters) BOJ Fires Warning at Bond Market With Unlimited Buying Plan (BBG) Trump Flouts Traditions Heading Into an Office Defined by Them (BBG) Mr. Hedge Fund Goes to Washington, Looking for Ally in Trump (BBG) Donald Trump’s Son-in-Law, Jared Kushner, Could Get Key White House Role (WSJ) U.S. panel urges ban on China state firms buying U.S. companies (Reuters) Why Bond Vigilantes Are Stirring in Age of Trump: QuickTake Q&A (BBG) AT&T Deal to Test Business Climate Under Trump (WSJ) Theranos Whistleblower Shook the Company—And His Family (WSJ) Republicans Now Control Record Number of State Legislative Chambers (CNSNews) Mexico central bank may deliver big rate hike after peso's Trump tumble (Reuters) The Strange Consequences of India’s Banknote Ban (BBG) Yellen Will Talk Trump in Thursday's Testimony (BBG) Yellen Likely to Be Questioned on Impact of Election (WSJ) The NSA’s Spy Hub in New York, Hidden in Plain Sight (Intercept) Apple Wants Cutting-Edge iPhone Screens, But Most Suppliers Aren’t Ready (BBG) Deutsche Bank could seek repayment of manager bonuses: sources (Reuters) Brazil arrests former Rio governor in corruption probe: police (Reuters) China's interference in Hong Kong reaching alarming levels: U.S. congressional panel (Reuters) Russia starts blocking LinkedIn website after court ruling (Reuters) Philippines' Duterte says may follow Russia's withdrawal from 'useless' ICC (Reuters) EU delays ChemChina/Syngenta merger decision to March 29 (Reuters) Merkel expected to say on Sunday if she'll run for office in 2017 (Reuters) U.S. opens door to oil exports after year of pressure (Reuters) www.zerohedge.com/news/2016-11-17/frontrunning-november-17
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Post by walnut on Nov 17, 2016 9:06:45 GMT -5
Can't figure out the purpose or benefit of VIX options. They are not calculated like normal options, instead they track exactly with the same month futures. Options greeks don't apply at all.. They have huge spreads and are only open during trading hours. Vix futures do everything much cheaper, and at all trading hours. Just trying to figure out who would use the options, appear incredibly useless to me.
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Post by huh on Nov 17, 2016 9:08:53 GMT -5
Can't figure out the purpose or benefit of VIX options. They are not calculated like normal options, instead they track exactly with the same month futures. Options greeks don't apply at all.. They have huge spreads and are only open during trading hours. Vix futures do everything much cheaper, and at all trading hours. Just trying to figure out who would use the options, appear incredibly useless to me. Same with spot VIX chart IMO. Spent a couple years looking for correlation to patterns and such with it and found none, at least in the short term. But front month VIX futures, and even the single leveraged VIX related ETFs, are actually pretty "chartable". I ignore spot VIX completely
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Post by walnut on Nov 17, 2016 9:27:09 GMT -5
Healthy contango now, some complacency but not too much.
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Post by huh on Nov 17, 2016 10:37:59 GMT -5
I'm curious to see what DRYS will do now to kill the share value after this amazing climb Including this morning's premarket, DRYS up 23.5x's (2,253%) in only 6 days. Today Nasdaq halted the stock requesting information from the company. Watch if this halt isn't spun as the Nasdaq "trying to protect retail traders from losses", but only after it's already too late - and only after the meteroic rise has already occurred Muhahaha. And Nasdaq "helped" the retail trader yet again. DRYS grants warrants to big $$, convertible to common stock anywhere between 1.50-30.00. Stock was trading @ 120 in pre right before the halt. Now had the Naz halted that the first day of the run, when it jumped more than 100%, I'd believe maybe they weren't in on this. But... Listen to what people do, not what they say
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Post by clinton on Nov 17, 2016 10:48:04 GMT -5
GORO up but Im not going to get excited
they will beat it down later most likely.
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Post by Herceg on Nov 17, 2016 10:48:51 GMT -5
Including this morning's premarket, DRYS up 23.5x's (2,253%) in only 6 days. Today Nasdaq halted the stock requesting information from the company. Watch if this halt isn't spun as the Nasdaq "trying to protect retail traders from losses", but only after it's already too late - and only after the meteroic rise has already occurred Muhahaha. And Nasdaq "helped" the retail trader yet again. DRYS grants warrants to big $$, convertible to common stock anywhere between 1.50-30.00. Stock was trading @ 120 in pre right before the halt. Now had the Naz halted that the first day of the run, when it jumped more than 100%, I'd believe maybe they weren't in on this. But... Listen to what people do, not what they sayOuch is all I can say for longs.............
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Post by clinton on Nov 17, 2016 10:54:57 GMT -5
Including this morning's premarket, DRYS up 23.5x's (2,253%) in only 6 days. Today Nasdaq halted the stock requesting information from the company. Watch if this halt isn't spun as the Nasdaq "trying to protect retail traders from losses", but only after it's already too late - and only after the meteroic rise has already occurred Muhahaha. And Nasdaq "helped" the retail trader yet again. DRYS grants warrants to big $$, convertible to common stock anywhere between 1.50-30.00. Stock was trading @ 120 in pre right before the halt. Now had the Naz halted that the first day of the run, when it jumped more than 100%, I'd believe maybe they weren't in on this. But... Listen to what people do, not what they sayDont get caught holding the bag (stolen from twits)
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Post by huh on Nov 17, 2016 10:59:52 GMT -5
GO GO GO GORO I ADDED 3 TIMES YESTERDAY, GOT WAY TOO MUCH (FOR ME) Careful with GORO. Huge resistance in the 5.50's. A failure to break could get it down to ~4, perhaps even 3.20's. Support to hold @ 5.35 GORO did get down near 4.00. Now it's H&S neckline, not yet backtested, sits ~4.80. If it can hold above that, then a squeeze would be underway for much higher (~6.50). But if not, then back down for the H&S target which sits @ 4.00 (recent low only got down to 4.06)
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Post by walnut on Nov 17, 2016 11:33:45 GMT -5
That is now the cleanest, healthiest looking VIX curve we have had in awhile. The bull is here for a period to come: vixcentral.com/
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Post by huh on Nov 17, 2016 12:04:06 GMT -5
EURUSD chart looks nasty. Still has a downside target for .95 And now the make-up is coming off
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Post by huh on Nov 17, 2016 12:50:24 GMT -5
Can't wait to hear the news causing this drop in EURUSD. Should be interesting.
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Post by walnut on Nov 17, 2016 12:53:12 GMT -5
Dollar is like a centrifugal governor brake on the stock market. Everytime it gets some speed up the dollar cuts it back.
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Post by clinton on Nov 17, 2016 12:54:25 GMT -5
this guys opinion, not mine.
Mike Swanson It has been almost a week since I have sent you an email.
The reason why is that I been doing more research into Donald Trump and his plans for the country.
On Sunday I sent private Power Investor members an almost 30 page report on my findings.
And I am still doing more work.
Everyone underestimated Donald Trump and he is now taking over with his people.
Despite that I don't see any real full understanding of what Trump is going to do and a lot of doubts over it.
People doubting Trump are wrong.
What he said during his campaign is basically what you got with him and what he is going to put into action.
He's dead serious about tariffs and immigration round-ups and is going to change monetary policy.
It's going to impact the financial markets for the years to come and change the world we live in.
The era of Federal Reserve money printing and QE operations for the purpose of keeping stocks floating up is over.
Trump wants to raise rates and create a strong US dollar as part of a broad economic program.
I don't have time to get into it all in an email, but the US dollar index is now in a position to breakout before the year is over.
Look at the chart.
You can see that the US Dollar index has resistance at $100.
If it goes through that the next target will be $110 and then ultimately the highs of 2002.
It's already tapping on a high not seen in 14 years.
The gold price chart had a big massive rally this year and so did gold mining stocks.
However, they peaked a few months ago in the summer and have been in a correction/consolidation phase ever since.
I see no sign that it is over yet and in fact a move through $100 on the US dollar index will push the end of this period of weakness in gold out further into the future.
It could even make gold prices go through $1,200 an ounce at some point and even below $1,150 an ounce if that happens.
So on the short-term and for the next few months I'm not bullish on gold for now.
It will have its up days and down days, but I just don't see a big rally to new highs and beyond coming anytime soon.
The Fed is almost certain to raise rates in December.
But it looks like it is also now more likely to raise rates even more than was expected a few weeks ago next year as Trump plans to increase government spending and cut taxes to generate economic growth.
That will mean bigger deficits and rising long-term rates.
The latter is already starting to happen.
The way Trump plans to manage this is by creating a strong US dollar.
A strong dollar is going to be a cornerstone of Trump economics to try to limit the negative impacts of big deficit spending.
So we are going to have our pulse more than ever on the technical analysis trends on gold and not just buy or sell based on blind faith.
And everything else for that matter.
Since Trump won special favored Trump sectors have been exploding higher while fads like FB, AMZN, GOOG, and NFLX are languishing.
I expect those trends to continue going forward too.
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Post by novie08 on Nov 17, 2016 13:27:22 GMT -5
That is now the cleanest, healthiest looking VIX curve we have had in awhile. The bull is here for a period to come: vixcentral.com/Do y'all watch vxx? Thx.
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Post by huh on Nov 17, 2016 13:36:04 GMT -5
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Post by huh on Nov 17, 2016 13:42:18 GMT -5
I see gold futures back up to 1305-1310, and down to 1200. I just don't which comes first! Amazing that gold has held up so well with dollar rising as it has over the last 3 weeks The 1305-1310 came first for Gold, now it's about to see that 1200. Then things get interesting. I thought I'd buy it for a squeeze from ~1200, but hard to do before EURUSD tests that .95
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Post by clinton on Nov 17, 2016 14:03:17 GMT -5
People doubting Trump are wrong. Although his policies may be bad for the metals, I do admire his effort to get rid of the lobbyists. This is a very large part of the problem even all the way down to the local level in large cities. his transition team is mostly lobbyists.
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