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Post by huh on May 26, 2017 6:35:51 GMT -5
10 things you need to know before the opening bell Trump reportedly slammed German carmakers and threatened to stop their US sales. During a meeting with European officials, President Donald Trump said he would stop German automakers from selling "millions of cars" in the US and called Germans "very bad," Der Spiegel reports. The polls are tightening in the UK election. A YouGov poll published Thursday showed Prime Minister Theresa May's Conservative Party holding a 43%-to-38% lead over Jeremy Corbyn's Labour Party ahead of the June 8 election. The British pound is weaker by 0.5% at 1.2872 versus the dollar. Consumer prices in Japan are picking up. Prices rose by 0.4% year-over-year in March, making for the fastest growth since March 2015. Bitcoin is making a comeback. The cryptocurrency trades up by 4.5% at $2,577 a coin after falling to as low as $2,220 on Thursday. Costco same-store sales crush estimates. Sales at stores open at least one year rose by 5% excluding the impact of gasoline prices and foreign exchange, easily beating the 3.7% gain that was expected. GameStop's sales increased for the first time in 5 quarters. The world's largest video game retailer said sales rose by 21.5% in the first quarter, boosted by strong demand for the Nintendo Switch. But the GameStop shares fell by as much as 6% after the company left its guidance unchanged. Stock markets around the world are lower. Japan's Nikkei (-0.6%) lagged in Asia, and France's CAC (-0.8%) paces the losses in Europe. The S&P 500 is set to open little changed near 2,414. Earnings reporting is light. Big Lots reports ahead of the opening bell. US economic data is heavy. GDP Second Estimate, core PCE, and durable-goods orders will all be released at 8:30 a.m. ET before University of Michigan consumer confidence crosses the wires at 10 a.m. ET. The US 10-year yield is down by 2 basis points at 2.24%. US markets are closed Monday in observance of Memorial Day. Additionally, the US Treasury market will close at 2 p.m. ET on Friday www.businessinsider.com/opening-bell-may-26-2017-2017-5
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Post by huh on May 26, 2017 6:36:39 GMT -5
10 things in tech you need to know today 1. Facebook CEO Mark Zuckerberg advocated exploring a system in which all people receive a standard salary just for being alive. The system, known as universal basic income, is one of the trendiest economic theories of the past few years. 2. Pokémon's new game for iPhone and Android is out. It's centered entirely around what is widely considered its weakest, most useless creature: Magikarp. 3. Google DeepMind defeated the best Go player in the world with its AlphaGo AI. The company won the first two games in a three game match. 4. Qualcomm wants manufacturers to pay up during its massive legal fight with Apple. The chipmaker has asked a US court to force iPhone suppliers to keep paying it royalty fees, while it continues its legal battle with the iPhone maker. 5. Jony Ive, the Brit who has risen to become Apple's chief design officer, has been appointed chancellor of the Royal College of Art (RCA). He will take up the role in July and replace British engineer Sir James Dyson. 6. Bitcoin blew past its record and soared to $2,800 a coin in just a few hours. Then it plunged by almost 10% to $2,230 a coin. 7. There are hundreds of piracy-enabling "Kodi" gadgets for sale on Facebook, even after a ban. The devices are being sold through Facebook's Marketplace platform. 8. Electric car startup Faraday Future is trying to raise $1 billion as cash runs thin, Bloomberg's Giles Turner first reported. Faraday Future, once described as a potential "Tesla killer," has run into financial troubles largely due to its connection with Chinese billionaire Jia Yueting. 9. Microsoft has agreed to acquire cyber security firm Hexadite for $100 million. That's according to a report from Israeli financial news website Calcalist. 10. Facebook is beefing up its sales leadership team as it continues to battle for marketers' ad budgets against Google and the TV industry. The company has tapped digital veteran Nada Stirratt as its new vice president of global marketing solutions for the US and Canada. In addition, Ty Ahmad-Taylor has been named vice president of product marketing. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-may-26-2017-5
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Post by huh on May 26, 2017 7:03:59 GMT -5
I'd expect USTEC to at least backtest down to ~2724, & ES down to ~2404... A backtest of ↑↑↑ these supports would be expected to confirm the breakout over previous highs. There's another ES support ~2399.45, and its iH&S upside target of 2430's remains so long as it holds its lowest FIB support, which now sits ~2394.50.
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Post by theMist on May 26, 2017 7:31:43 GMT -5
S&P Hourly ChartS&P should be back testing SP2404ish at some point and fill yesterday's gap up
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Post by theMist on May 26, 2017 7:55:14 GMT -5
One thing for sure - spot vix doesn't seem to like under 10 for very long
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Post by theMist on May 26, 2017 8:07:54 GMT -5
Ideal spot to short VXX for a scalp 13.98 to low 14s IMO if VXX can get there today
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Post by walnut on May 26, 2017 8:51:34 GMT -5
VIX back in 9's.
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Post by theMist on May 26, 2017 8:55:47 GMT -5
I don't think it will stay there for long Thinking next week volume will return - another boring low volume day today because of holiday weekend
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Post by walnut on May 26, 2017 9:14:42 GMT -5
Yeah, I'm still waiting it out.
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Post by jacksrbtr on May 26, 2017 9:16:07 GMT -5
10 things you need to know before the opening bell Trump reportedly slammed German carmakers and threatened to stop their US sales. During a meeting with European officials, President Donald Trump said he would stop German automakers from selling "millions of cars" in the US and called Germans "very bad," Der Spiegel reports. The polls are tightening in the UK election. A YouGov poll published Thursday showed Prime Minister Theresa May's Conservative Party holding a 43%-to-38% lead over Jeremy Corbyn's Labour Party ahead of the June 8 election. The British pound is weaker by 0.5% at 1.2872 versus the dollar. Consumer prices in Japan are picking up. Prices rose by 0.4% year-over-year in March, making for the fastest growth since March 2015. Bitcoin is making a comeback. The cryptocurrency trades up by 4.5% at $2,577 a coin after falling to as low as $2,220 on Thursday. Costco same-store sales crush estimates. Sales at stores open at least one year rose by 5% excluding the impact of gasoline prices and foreign exchange, easily beating the 3.7% gain that was expected. GameStop's sales increased for the first time in 5 quarters. The world's largest video game retailer said sales rose by 21.5% in the first quarter, boosted by strong demand for the Nintendo Switch. But the GameStop shares fell by as much as 6% after the company left its guidance unchanged. Stock markets around the world are lower. Japan's Nikkei (-0.6%) lagged in Asia, and France's CAC (-0.8%) paces the losses in Europe. The S&P 500 is set to open little changed near 2,414. Earnings reporting is light. Big Lots reports ahead of the opening bell. US economic data is heavy. GDP Second Estimate, core PCE, and durable-goods orders will all be released at 8:30 a.m. ET before University of Michigan consumer confidence crosses the wires at 10 a.m. ET. The US 10-year yield is down by 2 basis points at 2.24%. US markets are closed Monday in observance of Memorial Day. Additionally, the US Treasury market will close at 2 p.m. ET on Friday www.businessinsider.com/opening-bell-may-26-2017-2017-5Shoulda bought some bitcoins a few yrs ago - will prolly need some before cyber-security/extortion/terrorism is under some form of control. What'd all those yo-yo's take SMERSH seriously? Have a GREAT Memorial Day weekend gang.
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Post by walnut on May 26, 2017 9:22:03 GMT -5
Bitcoin truly seeming as legit as US$ standing the test of time.
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Post by theMist on May 26, 2017 9:32:02 GMT -5
I'm outta here
Have a good Memorial weekend everyone!
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Post by Lasvegas77 on May 26, 2017 9:41:35 GMT -5
I'm outta here Have a good Memorial weekend everyone! And miss the vix plunge?
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Post by walnut on May 26, 2017 9:48:28 GMT -5
There was over 20 cents to be had today if you did it right.
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Post by theMist on May 26, 2017 10:41:03 GMT -5
Got back checking in and may stay for little for the afternoon selling in S&P
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Post by walnut on May 26, 2017 10:46:22 GMT -5
Finished OK Dept of Mines production reports. My weekend has begun
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Post by walnut on May 26, 2017 10:53:37 GMT -5
Market wants to drop a little?
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Post by theMist on May 26, 2017 10:57:25 GMT -5
Market wants to drop a little? 'little' - good choice of words. Volume is light before holiday weekend and range is small today so far Just watching S&P Hourly and indicators look like they want to roll I think next week we will get a little more pullback and little rise in VXX to short into
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Post by theMist on May 26, 2017 11:08:32 GMT -5
S&P still has 2430 iH&S target
This consolidation in this area will either roll next week and back test Sp2404ish next week OR will be consolidation for next leg higher to that target
Same with VXX - consolidation just above the lows either for another leg lower OR will bounce a little next week before continuing lower
With me putting on almost half million dollar trades now, I'm going to pick and choose very carefully my trades. I certainly wouldn't press an ALL IN position at these levels for a swing trade. 10 cent scalp here and there OK BUT I'm saving the dry powder for a REAL solid move
If VXX 13.98ish would have hit earlier, I would have been ALL IN
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Post by theMist on May 26, 2017 11:14:31 GMT -5
iPath - you around?
Haven't seen you post in awhile
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