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Post by huh on Dec 7, 2016 7:58:03 GMT -5
10 things you need to know before the opening bell China Fx reserves hit their lowest level since 2011. China's foreign exchange reserves fell by $69.06 billion in November to $3.052 trillion, according to data released by the People's Bank of China. Australia GDP turns negative. The Australian economy contracted by 0.5% in the third quarter, its largest quarterly decline since the financial crisis. Australia's economy is in the midst of a streak of 25 years without a recession (two consecutive quarters with negative GDP). The Australian dollar is lower by 0.2% at .7448 against the dollar. The Reserve Bank of India holds. India's central bank unexpectedly held its key interest rate at 6.25%, suggesting its assessment of the economy was "clouded" by the government's decision to remove 86% of the rupees in circulation in an effort to crackdown on corruption. The Indian rupee down 0.4% at 67.6350 per dollar. UK industrial output tumbled. Industrial output fell by 1.3% in October as mining and quarrying weighed, the Office for National Statistics said in the report. The British pound is weaker by 0.6% at 1.2604 against the dollar. Citi is being investigated for its role in the pound's "flash crash." Citi's Japanese trading operation is being investigated by the Bank of England for exacerbating the pound's October flash crash by placing a large number of sell orders after the initial fall began, people with knowledge of the investigation told the Financial Times. Credit Suisse is cutting more costs. The Swiss investment bank is looking to slim down costs by an additional 1 billion Swiss francs ($1 billion) after already cutting 6,050 jobs this year, according to Bloomberg. A major supplier to Apple is looking to grow its presence in the US. Foxconn, the world's largest electronics manufacturer, is in preliminary discussions to expand its operations in the United States, Reuters reports. Stock markets around the world are higher. Japan's Nikkei (+0.7%) outperformed overnight and Italy's MIB (+4.2%) leads the charge in Europe. The S&P 500 is set to open little changed near 2,212. Earnings reporting remains light. Lululemon Athletica and Costco Wholesale will release their quarterly results after markets close. US economic data trickles out. JOLTs Job Openings will be reported at 10 a.m. ET. The US 10-year yield is down 2 basis points at 2.37%. markets.businessinsider.com/news/stocks/10-things-you-need-to-know-before-the-opening-bell-1001579909 |
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Post by huh on Dec 7, 2016 7:58:54 GMT -5
10 things in tech you need to know today 1. Japanese telecom company Softbank says it will bring $50 billion (£40 billion) and 50,000 jobs to the US after meeting with Donald Trump. But there are still unanswered questions about the deal. 2. European regulators have given the okay to the Microsoft/LinkedIn deal. It will close "in days." 3. Business Insider's Henry Blodget has given his keynote speech on the future of digital businesses at our IGNITION conference. You can see the full slide deck here. 4. Google says it will hit its 100% renewable energy target in 2017. It will buy enough green energy to cover its entire global operations. 5. The US Supreme Court has ruled that Samsung doesn't have to pay Apple $399 million (£315 million), Wired reports. The judgment relates to the long-running dispute between the two companies over smartphone design. 6. FitBit is close to buying software assets from Pebble, Bloomberg reports. CEO Eric Migocovsky is reportedly joining startup incubator Y Combinator. 7. The latest idea from Google's moonshot factory is a service where drones deliver your food for $6 (£5). Wing Marketplace has reportedly met with Domino's, Whole Foods, and other chains and restaurants. 8. Jack Dorsey says there's "no time frame" for quitting his CEO jobs as Twitter or Square. He works as a part-time chief exec at both companies. 9. Google says coding school graduates are "not quite prepared" to work for Google. Maggie Johnson, director of education and university relations, poured cold water on coding bootcamps. 10. Trump has invited US tech leaders to meet at a roundtable next week. It's not yet clear who plans to attend. www.businessinsider.com/10-things-in-tech-you-need-to-know-december-7-2016-12 |
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Post by huh on Dec 7, 2016 7:59:31 GMT -5
Frontrunning: December 7 Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG) Monte dei Paschi bolsters European stocks, ECB looms (Reuters) Finding Risk in All the Wrong Places as Trump Era Begins (BBG) Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG) Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG) AT&T CEO: Time Warner Deal Would ‘Disrupt’ Cable TV Model (WSJ) Americans Are Paying Apple Millions To Shelter Overseas Profits (BBG) China premier says steady growth this year to lay good foundation for 2017 (Reuters) The ‘Weird’ Commodity Hurting the Bears as Prices Double (BBG) Aleppo rebels call for five-day ceasefire (Reuters) China calls Iowa's Branstad 'old friend' after report he picked as ambassador (Reuters) How Iran closed the Mosul 'horseshoe' and changed Iraq war (Reuters) Brazil Supreme Court deal might keep Senate head in place: report (Reuters) BP oil exports from U.S. to Asia could open new routes (Reuters) Forget Robots—People Skills Are the Future of American Jobs (BBG) Britain fines Pfizer record $107 million for huge drug price hike (Reuters) Trump Says He Will Leave Family Business. The Pros Tell Him How (BBG) Nearly 100 killed, hundreds hurt as quake strikes Indonesia's Aceh (Reuters) Fed May Struggle to Signal What Comes After December (WSJ) Kazakhstan detains suspected oil thieves linked to Islamists (Reuters) Pearl Harbor Survivors Gather for 75th Anniversary Reunion (WSJ) Plane with some 47 people on board crashes in north Pakistan (Reuters) www.zerohedge.com/news/2016-12-07/frontrunning-december-7 |
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Post by huh on Dec 7, 2016 9:06:51 GMT -5
Here's my valuation-based-only list of names and current pps' of those companies I believe are ideal short candidates for when the market hits its next new high; ABT Abbott Laboratories 39.67
ADBE Adobe Systems Incorporated 108.58
AEM Agnico Eagle Mines Limited 49.73
AEP American Electric Power Co., Inc. 63.40
ALXN Alexion Pharmaceuticals, Inc. 119.52
AMT American Tower Corporation 115.89
AMZN Amazon.com, Inc. 782.85
BSX Boston Scientific Corporation 22.02
BUD Anheuser-Busch InBev SA/NV 114.34
BX The Blackstone Group L.P. 23.95
CCI Crown Castle International Corp. 89.60
CMG Chipotle Mexican Grill, Inc. 378.30
COTY Coty Inc. 22.01
CRM salesforce.com, inc. 76.45
CTRP Ctrip.com International Ltd. 43.11
DLR Digital Realty Trust Inc. 94.93
EQIX Equinix, Inc. 356.63
EXPE Expedia Inc. 126.15
FB Facebook, Inc. 121.94
FIS Fidelity National Information Services, Inc. 76.44
GSK GlaxoSmithKline plc 39.12
HDB HDFC Bank Limited 69.46
INCY Incyte Corporation 92.30
INFO IHS Markit Ltd. 35.64
KHC The Kraft Heinz Company 88.22
KKR KKR & Co. L.P. 13.93
L Loews Corporation 42.32
LYG Lloyds Banking Group plc 2.84
MCHP Microchip Technology Inc. 63.53
MDLZ Mondelez International, Inc. 45.74
NFLX Netflix, Inc. 123.86
NWL Newell Brands Inc. 50.10
O Realty Income Corporation 58.90
PAA Plains All American Pipeline, L.P. 29.65
PHG Koninklijke Philips N.V. 30.49
PKX POSCO 54.02
PTR PetroChina Co. Ltd. 69.78
REGN Regeneron Pharmaceuticals, Inc. 368.06
RHT Red Hat, Inc. 76.91
RIO Rio Tinto plc 35.67
SBAC SBA Communications Corp. 109.11
SE Spectra Energy Corp. 41.53
SHPG Shire plc 168.10
TEF Telefonica, S.A. 9.82
TV Grupo Televisa, S.A.B. 25.49
VNTV Vantiv, Inc. 58.72
WB Weibo Corporation 47.29
WY Weyerhaeuser Co. 29.32
ZBH Zimmer Biomet Holdings, Inc. 100.67 Now simply narrow the list down by cross referencing their charts, looking for obvious topping patterns, in order to find the best plays It's been almost a month since I posted this (but not quite), and since then S&P has hit a new ATH, currently trading near that ATH, and up ~3.6%. However, of the companies listed above: 33 of these 49 companies, or 67.3%, are down since then The overall average performance for these 49 companies is a loss of 3.74% during that month Those that are red have seen an average loss of 6.8% in those few weeks Those few that are positive have seen an average gain of 6.2% So indices hitting new all-time highs yet the majority of these companies are not only unable to hit new ATHs, or unable to hit new 52 week highs, they're not even able to see positive movement while the indices rally. Imagine what'll happen when the market starts to turn down. |
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Post by clinton on Dec 7, 2016 9:32:54 GMT -5
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Post by Herceg on Dec 7, 2016 9:47:13 GMT -5
Novie and Clint - Are either of you having problems with Scottrade?
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Post by walnut on Dec 7, 2016 10:24:42 GMT -5
Bought back my VXX, made a 25% profit on the whole portfolio with that run. Surely its gotta take a breather??
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Post by huh on Dec 7, 2016 10:25:42 GMT -5
Bought back my VXX, made a 25% profit on the whole portfolio with that run. Surely its gotta take a breather?? Congrats! |
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Post by walnut on Dec 7, 2016 10:29:47 GMT -5
So far no breather, it is still dropping like a brick.
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Post by huh on Dec 7, 2016 10:29:53 GMT -5
Like DB did last Thursday, WFC completed a downside target of a H&S. Has additional trend support ~43.60. 44.50 now the resistance to beat to get it into dead cat bounce/squeeze mode WFC - tiny vertical line was H&S target. LT bearish but recent tag of lower channel should get at least dead cat bounce  WFC up nearly 30% since hitting that support. Remember how the media was really bearish on it then? Now I'm starting to see reports from the media about why their problems might not actually be so bad. Getting near time to sell/short it. But a little higher yet for the H&S head test. |
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Post by huh on Dec 7, 2016 10:31:14 GMT -5
So far no breather, it is still dropping like a brick. Gotta let those banks blow. XLF ~24.60's would be an ideal short IMHO. |
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Post by clinton on Dec 7, 2016 10:31:20 GMT -5
so abnormal  |
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Post by clinton on Dec 7, 2016 10:36:17 GMT -5
SPY obv new LOD
sure looks like a drop is coming
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Post by clinton on Dec 7, 2016 10:45:44 GMT -5
amazing how endless dip buyers
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Post by clinton on Dec 7, 2016 10:46:11 GMT -5
its like they print money out of thin air
mwa ha ha hah ha ha
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Post by clinton on Dec 7, 2016 10:47:46 GMT -5
oil collapsing too
what a market
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Post by Herceg on Dec 7, 2016 12:52:08 GMT -5
This mkt. is unbelievable...............don't understand it but it is what it is...........
JMO and BOL...........
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Post by walnut on Dec 7, 2016 12:59:13 GMT -5
As ES goes up today, VXX no longer dropping proportionately...
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Post by clinton on Dec 7, 2016 13:11:22 GMT -5
wall street obviously sees trump win as a ticket to steal.
watch them get every regulation thrown out and sow the seeds of the next banking crisis.
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Post by Herceg on Dec 7, 2016 13:33:03 GMT -5
Santa on cruise control............all the bots elves on buy mode..............
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