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Post by huh on Apr 12, 2017 6:38:59 GMT -5
10 things you need to know before the opening bell Here is what you need to know. The WTO says there's 'deep uncertainty.' The World Trade Organization says world trade will grow 2.4% in 2017, but that 'deep uncertainty" coming mostly from the political front, will reign. China's inflation remains weak. Consumer prices in China rose 0.9% year-over-year in March, missing the 1% gain that economists were anticipating. Food prices climbed 4.4% versus a year ago while non-food inflation fell by 2.3%, data from the National Bureau of Statistics showed. Wage growth is slowing in the UK. Average weekly earnings, excluding bonuses, rose 2.2% in the three months to February, the lowest number since the immediate aftermath of the referendum last June, according to data released by the Office for National Statistics. Oil is on track for a 5th straight day of gains. West Texas Intermediate crude oil trades up 0.6% near $53.75 a barrel. US authorities are getting involved in the investigation of Barclays' CEO. The US Department of Justice has joined the investigation into attempts made by Barclays' CEO and other senior executives to unmask a whistleblower, the Financial Times says. Amazon almost made a bid for Whole Foods. The e-commerce giant considered making a bid for Whole Foods last fall, a personal familiar with the matter told Bloomberg. Snapchat says it has 'nothing to hide.' The social media company is being accused by a former employee of falsifying its growth metrics. Anthony Pompliano filed a lawsuit against the company in January, accusing Snapchat of firing him after raising the issue with senior leadership. Stock markets around the world are mixed. Japan's Nikkei (-1%) trailed in Asia and Germany's DAX (+0.1%) clings to a gain in Europe. The S&P 500 is set to open little changed near 2,354. Earnings reports trickle out. Delta Air Lines releases its quarterly results ahead of the opening bell. US economic data is light. Import and export prices will be released at 8:30 a.m. ET. The US 10-year yield is up 1 basis point at 2.30%. www.businessinsider.com/opening-bell-april-12-2017-2017-4
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Post by huh on Apr 12, 2017 6:39:57 GMT -5
10 things in tech you need to know today 1. Samsung's new Siri rival won't be fully functional when the Galaxy S8 launches. Bixby won't be able to take voice commands until later this year. 2. Uber's top PR person is leaving. Uber announced last night that British-born Rachel Whetstone will leave the company. 3. We spoke to a student who worked in an iPhone factory in China for six weeks. Dejian Zeng told us what it's actually like inside a Pegatron factory. 4. Microsoft said it will fix a security flaw in Microsoft Word that has been used by scammers. The bug could allow malicious software to be installed. 5. Instagram continued its attack on Snapchat by launching disappearing messages. Just like Snapchat, the messages will disappear when opened. 6. Dialog Semiconductor's stock plunged after an analyst warned Apple may use fewer of its chips. Shares in the company fell as much as 16%. 7. Toshiba finally filed its delayed earnings — without auditor endorsement. The earnings had already been delayed twice. 8. Fitbit's new smartwatch has reportedly been plagued by production delays. Sources told Yahoo Finance that the launch has been delayed. 9. Snapchat said it had "nothing to hide" from a lawsuit that claims it inflated growth metrics. The former employee says CEO Evan Spiegel said his app is only for "rich people." 10. Qualcomm fired back at Apple and accused it of making false statements. The legal battle between the two companies is getting ugly. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-april-12-2017-4
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Post by huh on Apr 12, 2017 6:53:53 GMT -5
Frontrunning: April 12 Futures flat as geopolitical risks weigh; earnings eyed (Reuters) Brent oil rises for 8th day on possible extension to supply cut (Reuters) U.S. accuses Russia of Syria gas attack 'cover up' (Reuters) Xi Tells Trump China Wants Peaceful North Korea Solution (WSJ) Tillerson, Lavrov Hold Talks in Moscow Amid Rising Tensions Over Syria (WSJ) Russian diplomat says U.S. stance on Syria 'a mystery' (Reuters) Trump's message to bankers: Wall Street reform rules may be eliminated (Reuters) Puerto Rico seen sliding toward bankruptcy as deadline nears (Reuters) Trump Lays Groundwork for Widespread Government Reorganization (BBG) In surprise move, Iran's Ahmadinejad to run for president (AP) Leftist’s Rise in French Polls Is Spooking Markets (BBG) UK's Daily Mail to pay Melania Trump damages over modeling claims (Reuters) Newly Energized Liberals Pour Record Effort Into Local Races (WSJ) PR Nightmares: United Seat Fiasco Among Worst Corporate Gaffes (BBG) Higher Yields Damp China’s Corporate Bond Market (WSJ) United Airlines faces mounting pressure over hospitalized passenger (Reuters) Japan automakers look to robots to keep elderly on the move (Reuters) Airbnb signs dozens more tax agreements in the U.S., France (Reuters) www.zerohedge.com/news/2017-04-12/frontrunning-april-12
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Post by huh on Apr 12, 2017 7:07:16 GMT -5
IWM showed some really good relative strength yesterday, closing right on its 20dma on the daily after having already backtested it from the underside on Monday. Could be a leading bullish indicator, especially if that strength continues. Only something to keep an eye on.
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Post by huh on Apr 12, 2017 7:10:04 GMT -5
I don't see anything in the major indices' charts that looks bullish, but I also never count out a holiday reversal rally either.
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Post by walnut on Apr 12, 2017 7:11:20 GMT -5
May vix contract moved up last night more than April which I think is a little bearish for the market.
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Post by huh on Apr 12, 2017 7:20:26 GMT -5
I think ES will need to test the 2294-2300 area soon, which would satisfy that S&P 2300 area that Mist has mentioned. I don't think that's necessarily a longer term bullish signal, but if it can get there quick, especially with a gap down or two, that could be a good spot to swing long for a bit IMO
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Post by theMist on Apr 12, 2017 7:26:41 GMT -5
VIX SCAMs look like they want to recoil a little lower. mid to low VXX 17
I have cleaning people here right now so that's going to be fun trying to concentrate on markets lol
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Post by huh on Apr 12, 2017 7:27:24 GMT -5
VIX SCAMs look like they want to recoil a little lower. I have cleaning people here right now so that's going to be fun trying to concentrate on markets lol Tell them to put some clothes on and you should be all right
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Post by theMist on Apr 12, 2017 7:28:10 GMT -5
VIX SCAMs look like they want to recoil a little lower. I have cleaning people here right now so that's going to be fun trying to concentrate on markets lol Tell them to put some clothes on and you should be all right lmao
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Post by theMist on Apr 12, 2017 7:54:29 GMT -5
I have to admit -- so far the selling has been pathetic and if it wasn't for vix futures, I would think all is well S&P has gone sideways with only a very small downward bias and maybe will continue that way for a little longer and maybe get an overnight move lower -- one of those surprise attacks lol But I still believe SP2300 in short term is likely target no trades and I sold VXX long in after hours yesterday S&P Daily S&P Hourly
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Post by walnut on Apr 12, 2017 7:55:40 GMT -5
VXX not up much but vix is up 40 cents. weird.
How do they even calculate a vix index in pre-market?? options are not trading yet.
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Post by walnut on Apr 12, 2017 7:58:04 GMT -5
The market is probably wanting to rally. It is the risk of war breaking out that has the scams up.
Scams are getting difficult to forecast as of now
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Post by theMist on Apr 12, 2017 8:23:40 GMT -5
The market is probably wanting to rally. It is the risk of war breaking out that has the scams up. Scams are getting difficult to forecast as of now I look at vix futures as a traffic light. While in backwardation like this, it tells me to buy the dips in VIX SCAMs. And this move in Vix futures has been slowly building and is not like a quick spike in and out of backwardation When it starts to come out of backwardation and into contango, that would be the green light to short VIX SCAMs But I believe this can be setting up for move in VXX to fill that upside gap in 23 range. I've been wrong with timing in past and will be interesting to see if this is the move this time around.
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Post by theMist on Apr 12, 2017 8:38:30 GMT -5
so much for recoil in VXX - only hit 17.85 lod so far
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Post by walnut on Apr 12, 2017 8:49:59 GMT -5
I'm still thinking vxx might drop today. But could go either way for sure
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Post by walnut on Apr 12, 2017 8:51:59 GMT -5
There is a potential for a double bottom on the ES that might happen at 2335. That might be the end of this
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Post by theMist on Apr 12, 2017 9:06:57 GMT -5
just got my computer system back -- always happens when they clean lol
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Post by theMist on Apr 12, 2017 9:08:31 GMT -5
There is a potential for a double bottom on the ES that might happen at 2335. That might be the end of this if you get a chance, post a chart of what you see
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Post by huh on Apr 12, 2017 9:13:27 GMT -5
For myself at least, I just keep reminding myself not to overthink this. Indices showing both near and longer term downside targets, and VIX scams not only have upside targets, but have been way out performing the down move in the indices. Anything beyond that is only noise until these 2 things change IMO.
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