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Post by huh on Nov 22, 2016 8:04:51 GMT -5
10 things you need to know before the opening bell Stocks are at record highs. Monday marked the first day of the recent rally in which the Dow, the Nasdaq, and the S&P 500 all closed in record territory. The gains are likely to continue early Tuesday, with the S&P 500 set to open near 2,205, up 0.5%. A powerful earthquake rocked northern Japan. The quake was measured at 6.9 and set off a tsunami with waves of up to 3 feet high. The natural disasters hit Fukushima, the same city that was devastated by the 2011 twin disasters. Copper is on fire. The metal has gained more than 20% over the past month amid speculation in a "pick-up in worldwide manufacturing and infrastructure spending," Bloomberg reports. Crude oil nears $50. Oil prices are rallying as the market continues to price in the possibility of a production cut at the November 30 OPEC meeting. West Texas Intermediate crude oil is higher by 0.6% at $48.53 a barrel. The favorite to become the next French president wants Brexit to be "fast." Francois Fillon, the right-center politician who will square off against Alain Juppé in the second round of voting later this week, says the divorce "should be fast" and leave Britain without its financial passport. Investors are ditching bonds at the fastest rate in 3 years. Fears of higher interest rates and the return of inflation have caused investors to sell bonds, concentrated in emerging markets, at the fastest weekly pace since 2013. Amazon is in talks to start streaming sports on Prime. Amazon is in talks with several organizations, including the NFL, the NBA, and MLB, to start a "premium" sports package that will be streamed on Prime, The Wall Street Journal reports. Stock markets around the world are higher. Hong Kong's Hang Seng (+1.5%) led the advance in Asia, and Britain's FTSE (+1.0%) is out front in Europe. Earnings reporting continues. Barnes & Noble, Campbell Soup, and Hormel Foods are among the companies reporting ahead of the opening bell while GameStop, Hewlett Packard Enterprise, and HP highlight the names releasing their quarterly results after markets close. US economic data is light. Existing-home sales will be released at 10 a.m. ET. The US 10-year yield is down 2 basis points at 2.29%. markets.businessinsider.com/news/stocks/10-things-you-need-to-know-before-the-opening-bell-1001539421
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Post by huh on Nov 22, 2016 8:05:29 GMT -5
10 things in tech you need to know today 1. Apple is offering free battery replacements because some iPhone 6s handsets are randomly shutting down. The company said that only a "very small number" of devices are affected. 2. Tesla's acquisition of SolarCity has closed. Shareholders voted in favor of the acquisition last Thursday, with more than 85% of Tesla shares voted in favor. 3. Apple is killing its line of routers. The engineers who formerly worked on the AirPort Extreme, Airport Express, and AirPort Time Capsule have been moved to other products. 4. Oracle is going to buy Dyn. Dyn monitors internet traffic, and it was recently hit by a cyber-attack that took many sites offline. 5. Snapchat's Spectacles are now on sale in New York City. The latest vending machine is located inside a pop-up shop at 5 East 59th Street, near Central Park in Manhattan. 6. Instagram added live video and disappearing group messages in its quest to conquer Snapchat. The app's algorithms will notify the people you interact with the most when you go live. 7. IBM confirmed it is building more data centres in the UK. It plans to build four more data centres in the UK. 8. Tesla is revamping its stores to focus more on energy products. Customers will now be able to order Tesla's Powerwall in store and online. 9. Netflix says Amazon paid a whopping $250 million (£200 million) for its new Jeremy Clarkson show. Netflix even mentioned the show in its most recent earnings report, saying the company assumed it would make Amazon "as global as YouTube and Netflix." 10. San Francisco food delivery startup Munchery throws away 16% of the food it makes. Typical restaurants waste between 4% and 10% of food. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-november-22-2016-11
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Post by huh on Nov 22, 2016 8:06:04 GMT -5
Frontrunning: November 22 Record highs for Wall Street quartet send other stocks higher (Reuters) Oil prices rise to highest this month on hopes of OPEC deal (Reuters) OPEC Likely to Reach Output Consensus, Delegate Says (WSJ) Trump’s Targets in First 100 Days: Trade, Regulation, Corruption (BBG) Trump Poised to Push Nafta Changes, Pressure Mexico on Trade (WSJ) China Touts Its Own Trade Pact as U.S.-Backed One Withers (WSJ) Trump to kill trade deal on day one (Reuters) Overtime Pay Rule to Go Into Effect, but May Not Last (WSJ) Republican mavericks gain leverage (Reuters) Steven A. Cohen Makes Move Into Index Funds (WSJ) Bitter lessons of Japan's 2011 tsunami put to use with latest quake (Reuters) Court says Republican gerrymandering in Wisconsin was unconstitutional (Reuters) Electric Shock Means Global Gasoline Demand Has All But Peaked (BBG) Volkswagen puts conquering Americas at heart of turnaround plan (Reuters) Nasdaq’s New CEO Prepared Years for the Job. Then Trump Happened (BBG) Poultry Companies Face New Rules for Chicken Pricing Index (WSJ) U.S. strike destroys bridge, restricts Islamic State in Mosul: official (Reuters) AIG joins list of finance companies looking to move from Britain (Reuters) $100 Billion Chinese-Made City Near Singapore 'Scares the Hell Out of Everybody' (BBG) Nominating Mnuchin for Treasury Will Dredge Up Mortgage Memories (BBG) www.zerohedge.com/news/2016-11-22/frontrunning-november-22
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Post by huh on Nov 22, 2016 8:11:01 GMT -5
Be careful with IWM as well. Led getting up here, but now lagging Yeah... IWM - 12 daily green candles in a row. Running very hot - about 90% overbought. I'll be buying TZA on these gap ups... S&P MidCap 400 index also green 12 days in a row - that's never happened before since its creation in 1995 I don't think S&P has topped quite yet, or VX_F bottomed, but definitely some areas running hot
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Post by huh on Nov 22, 2016 8:47:42 GMT -5
I still think DX_F will backtest 100.50's at a minimum. It would really be something if it didn't, something rarely ever seen in TA (which is why I think it will).
Currently @ 101.17 and that pullback would put EURUSD ~1.0667 for it's broken support backtest
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Post by huh on Nov 22, 2016 8:55:57 GMT -5
Although ES_F is green, at an absolute minimum it should backtest the breakout somewhere around 2189-2191
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Post by huh on Nov 22, 2016 9:07:11 GMT -5
Less than a week later: I think the other shippers (ie. DCIX, GLBS, SINO) are completing their final H&S-Squeeze-To-New-High patterns. Watch if news on DRYS isn't released until AFTER MM's have unloaded these others at multi-year highs... I'd say short 'em later today when the market goes green if you can - especially those that are up big and keep getting halted (DCIX currently @18, GLBS currently @11.50, etc.) Since then, in the wake of the DRYS "surprise" negative news, DCIX down 72%, SINO down 71%, GLBS down 57%, and DRYS down 92% Amazing what the charts can tell you. And, perhaps even more amazing, they're not done falling yet
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Post by Herceg on Nov 22, 2016 9:41:36 GMT -5
DLTR and BURL looking to short at some time..........
JMO and BOL..........
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Post by walnut on Nov 22, 2016 9:56:52 GMT -5
DLTR and BURL looking to short at some time.......... JMO and BOL.......... yep looks like it
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Post by clinton on Nov 22, 2016 10:07:19 GMT -5
another day another push the price of gold back down after rallying all night.
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Post by walnut on Nov 22, 2016 10:29:40 GMT -5
another day another push the price of gold back down after rallying all night. Yeah ugly this am
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Post by Herceg on Nov 22, 2016 11:25:15 GMT -5
I don't think the mkt. has much left in it..............I don't see any real catalyst at this point in time other than maybe the Christmas rally...........
JMO and BOL.........
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Post by walnut on Nov 22, 2016 11:32:32 GMT -5
I don't know, the talking heads have declared this is going to be a big run, to DOW 20,000. Last few times they have made those claims, it was right. 12,000, 17,000,...
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Post by huh on Nov 22, 2016 11:37:15 GMT -5
Healthcare worst performing sector today. Take a guess as to which is second? Careful long the energy sector now until/if over this major resistance
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Post by walnut on Nov 22, 2016 12:23:24 GMT -5
Banks not doing great
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Post by huh on Nov 22, 2016 14:07:30 GMT -5
Be careful if chasing X long here. Today's HOD was very significant.
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Post by huh on Nov 22, 2016 14:10:38 GMT -5
Today's HOD in QQQ filled the last upside gap left from 10/25, exactly to the penny. It'll need to see a strong close in order to continue higher.
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Post by huh on Nov 22, 2016 15:10:09 GMT -5
Be careful if chasing X long here. Today's HOD was very significant. And now it's not [shrug]
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Post by walnut on Nov 22, 2016 16:00:55 GMT -5
its way up
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Post by jacksrbtr on Nov 22, 2016 16:12:50 GMT -5
I don't think the mkt. has much left in it..............I don't see any real catalyst at this point in time other than maybe the Christmas rally........... JMO and BOL......... I would think Trump's First 100 Days in office will open the floodgates for an economic expansion we havent seen in years Herc. All the coal and gas companies released hiring notices the day he won for example. I think it might run up to the Inauguration and then sell-off some but WTF do I know.
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