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Post by huh on Apr 26, 2017 6:54:44 GMT -5
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Post by huh on Apr 26, 2017 6:55:24 GMT -5
10 things in tech you need to know today 1. Uber wants to test its network of flying taxi planes by 2020. The company said electric planes could ferry passengers at 150mph through urban skies to their destinations. 2. Google cofounder and Alphabet president Sergey Brin is secretly building a massive zeppelin in Hangar 2 of the NASA Ames Research Center. That's according to Bloomberg's Ashlee Vance, who says a giant metal skeleton is already in place. 3. Alphabet CEO Larry Page was thrust into the center of the high-profile legal drama involving Google, Uber and self-driving cars. At issue is a conversation that Page may, or may not, have had with Anthony Levandowski, the self-driving car pioneer who is accused of taking technology he worked on while at Google and bringing it to Uber. 4. Google's Waymo is letting ordinary people test its self-driving cars in Arizona. Hundreds of families in Phoenix will be involved. 5. Rocket Internet, the Berlin-headquartered startup factory, reported losses of €741.5 million ($807.3 million) for 2016. Several companies in its portfolio are struggling to become profitable. 6. An Irish employee at Stripe was denied entry to the US because he went to Somalia. Stripe CEO Patrick Collison tweeted about the situation. 7. An Uber engineer committed suicide, and his widow is blaming Uber's stressful work culture as the cause, according to a new report from Carolyn Said at The San Francisco Chronicle. Zecole Thomas told the Chronicle that her husband, Joseph Thomas, "wasn't himself" after he joined Uber. 8. Some Tesla factory workers are accusing the company of illegally suppressing employees' attempts to unionize at its Fremont manufacturing plant. The United Auto Workers and three Tesla employees have each filed separate charges with the National Labor Relations Board. 9. Apple has delayed the release of "Carpool Karaoke" on Apple Music. It was supposed to launch in April, but an Apple spokesperson told Reuters that "Carpool Karaoke: The Series will premiere on Apple Music later this year." 10. Thieves reportedly stole $24,000 worth of Apple products from an Apple Store. The same store was robbed just months ago. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-april-26-2017-4
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Post by huh on Apr 26, 2017 7:03:36 GMT -5
Frontrunning: April 26 Futures flat as Trump tax plan awaited (Reuters) Trump’s 15% Tax Plan May Just Be His Opening Gambit (BBG) Budget Director, After Health-Law Missteps, Preps for Spending Battle (WSJ) 100 Days: Trump's victories dimmed by misfires (Reuters) White House Intervened to Toughen Letter on Iran Nuclear Deal (WSJ) Trump Changing Tactics on Tax After Health-Care Failure (BBG) Is Justin Trudeau the Anti-Trump? (BBG) Oil prices slip on bulging U.S. crude stockpiles, ample supplies (Reuters) Congress moves closer to avert shutdown (Reuters) Hungarian opposition struggles to build on anti-Orban sentiment (Reuters) FCC Chief Poised to Roil Capital With Net Neutrality Rollback (BBG) Currency Moves Suggest U.K. Data Seen Before Release (WSJ) America’s Rich Get Richer and the Poor Get Replaced by Robots (BBG) China's biggest property markets still hot, prices may rebound if curbs lifted (People's Daily) French intelligence says Assad forces carried out sarin attack (Reuters) America’s $1.2 Billion Mexico Milk Trade Is Now at Risk (BBG) Express Scripts Faces a Future Without Its Biggest Customer (WSJ) Europe’s Car Makers See Light at the End of the Tunnel (WSJ) South Korea court says Uber violated transport law, latest setback for U.S. firm (Reuters) Tesla Restores Auto-Brakes Amid Consumer Reports Downgrade (BBG) Turkey says detains 1,000 'secret imams' in police purge (Reuters) China seeks to cement globalization credentials at Silk Road summit (Reuters) Climate Evangelists Are Taking Over Your Local Weather Forecast (BBG) Syrian refugees must buy travel papers - from Assad (Reuters) EU Ankara negotiator calls for suspension of Turkey accession talks (Reuters) www.zerohedge.com/news/2017-04-26/frontrunning-april-26
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Post by theMist on Apr 26, 2017 7:41:39 GMT -5
S&P Hourly chartShould get backtest of neckline / breakout
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Post by theMist on Apr 26, 2017 7:42:47 GMT -5
VXX HourlyInteresting where VXX is pausing for possible small bounce or continuation
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Post by huh on Apr 26, 2017 7:56:23 GMT -5
I think it's interesting where Naz futures decided to stage a surprise gap'n'go rally. Doesn't mean it can't continue, but I'd be cautious here, especially if S&P can get to +7 today
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Post by theMist on Apr 26, 2017 8:24:31 GMT -5
We are 1% into the breakout which is technically significant so we have bullish patterns in play.
In a normal market, S&P would backtest the break before climbing higher and this is the spot where it would start to put in a backtest.
So IMO, spot to go long market or short SCAMs would be SP2360-2366
If it doesn't and S&P climbs above 2400 and runs to SP2460-70ish, take out a 3rd mortgage on your home and back up the truck and go all in Bear IMO lol
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Post by theMist on Apr 26, 2017 8:33:06 GMT -5
BTW - eventhough I always mantained long term Bullish - did I mention that I hate this market?! lol
Trust me -- I really would have loved to see VXX in low 20 range and I'm sure a few others would have agreed
Unless you were lucky going into this past weekend's french elections - you basically missed the bulk of the move
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Post by theMist on Apr 26, 2017 8:41:29 GMT -5
VXX is showing oversold for short term and I'm looking for bounce in SCAMs to short into
VXX 15.10
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Post by walnut on Apr 26, 2017 8:44:26 GMT -5
Has anyone said what time Trump tax plan is being announced? or they didn't give a time
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Post by huh on Apr 26, 2017 8:47:47 GMT -5
Has anyone said what time Trump tax plan is being announced? or they didn't give a time "There is no set time" is what I found when searching for it
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Post by theMist on Apr 26, 2017 8:49:00 GMT -5
Has anyone said what time Trump tax plan is being announced? or they didn't give a time Just know that it will be a briefing some time today by Mnuchin and Cohn. I don't think they set a time.
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Post by huh on Apr 26, 2017 8:50:55 GMT -5
Next S&P resistance is 2395.96 and for me at least, it only has to hold 2375 to keep this rally alive, and should have no trouble doing that if this is to continue to new highs. If it were to lose that, 2000 would again be on the table, with speed bumps at 2280, 2250's and 2150's.
JMHO
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Post by huh on Apr 26, 2017 8:54:07 GMT -5
And now X down >25%. Sure is lucky that they were removed from the Dow average. Whew!
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Post by theMist on Apr 26, 2017 8:55:17 GMT -5
Next S&P resistance is 2395.96 and for me at least, it only has to hold 2375 to keep this rally alive, and should have no trouble doing that if this is to continue to new highs. If it were to lose that, 2000 would again be on the table, with speed bumps at 2280, 2250's and 2150's. JMHO Your obviously looking at that small gap at 2395
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Post by huh on Apr 26, 2017 8:56:04 GMT -5
Next S&P resistance is 2395.96 and for me at least, it only has to hold 2375 to keep this rally alive, and should have no trouble doing that if this is to continue to new highs. If it were to lose that, 2000 would again be on the table, with speed bumps at 2280, 2250's and 2150's. JMHO Your obviously looking at that small gap at 2395 Both ES & DJI futures have filled their only remaining upside gaps with this 2 day rally. S&P cash has 1 to go
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Post by theMist on Apr 26, 2017 8:57:18 GMT -5
So far getting the bullish morning which I did expect -- let's see if Whipsaw Wednesday lives up to its name lol
CNBC said tax reform announcement will happen some time this afternoon
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Post by clinton on Apr 26, 2017 9:08:45 GMT -5
love the last 4 lines
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Post by Herceg on Apr 26, 2017 9:09:24 GMT -5
Most of what I'm reading is the rally is mostly short covering and under performing MM's chasing BIG name stocks like CAT and MCD which have little growth.................In addition volume was 26% less than normal..................sounds like retail buying to not miss out..............
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Post by clinton on Apr 26, 2017 9:14:09 GMT -5
Most of what I'm reading is the rally is mostly short covering and under performing MM's chasing BIG name stocks like CAT and MCD which have little growth.................In addition volume was 26% less than normal..................sounds like retail buying to not miss out.............. yep, look at OBV levels yesterday this is a gimmick gap up with very little accumulation
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