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Post by huh on Jun 19, 2017 6:59:21 GMT -5
10 things you need to know before the opening bell The incident in which a van plowed into pedestrians near the Finsbury Park Mosque in North London on Sunday is being treated as a "terrorist attack," the police said. One man died and 10 others were injured. Brexit negotiations officially begin. David Davis, the UK's Brexit minister, on Monday is set to meet with the European Union's chief negotiator, Michel Barnier, in Brussels for the first day of what he described as "historic" talks to set Britain on the road to leaving the EU. Amazon is planning job cuts at Whole Foods. Bloomberg reported that the e-commerce giant was considering replacing cashiers with technology following its $13.7 billion acquisition of the organic-food grocer. Lockheed Martin is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 combat jets. The buyers are 11 nations including the US, two people familiar with the talks told Reuters. President Donald Trump meets with tech CEOs. Chief executives from companies including Amazon and Apple will convene at the White House on Monday to discuss how to cut government IT costs and waste. Reddit is looking for more money. According to Bloomberg, the website is looking to raise about $150 million and is aiming for a $1.7 billion valuation. Oil is under pressure. Prices fell early Monday before bouncing back, weighed down by a high supply despite an OPEC-led initiative to cut production in hopes of tightening the market. The front-month US West Texas Intermediate contract is up by 0.42% at $45.16 a barrel. French President Emmanuel Macron's party has won a clear parliamentary majority, results show, weeks after his presidential victory. The BBC reports that with nearly all votes counted, his La République en Marche, alongside its MoDem allies, won more than 300 seats in the 577-seat National Assembly. US stock futures are higher. S&P 500 futures are up by 7 points, or 0.3%. The 10-year yield is down by less than 1 basis point at 2.151%. Economic data is light on Monday. Later this week, existing- and new-home sales numbers cross, as do FHFA house prices. www.businessinsider.com/opening-bell-june-19-2017-6
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Post by huh on Jun 19, 2017 6:59:58 GMT -5
10 things in tech you need to know today 1. Amazon is buying Whole Foods for $13.7 billion. "Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," Amazon CEO Jeff Bezos said in a press release on Friday. 2. Amazon is planning to cut jobs at Whole Foods when it takes over the company, according to a Bloomberg report. The exact number of roles on the line is unclear. 3. Google has promised to do more to suppress terrorism-related videos. The promise comes after UK lawmakers said the internet is a breeding ground for terrorist organizations. 4. Reddit is looking for more funding and it's aiming for a $1.7 billion valuation. That's according to a report from Bloomberg. 5. The US government has filed a lawsuit asking to take ownership of 2.5 million shares of preferred Palantir stock. They were allegedly caught up in Malaysia's massive 1MDB scandal. 6. A Google-backed warehouse farm raised $20 million to build in cities across the US. Unlike traditional outdoor farms, Bowery Farm grows greens under LEDs (which mimic natural sunlight) inside a giant warehouse in New Jersey. 7. Atari confirmed that it's working on a new games console. CEO Fred Shesnais told GamesBeat that the game company is indeed working on a new machine. 8. Apple poached the team behind "Breaking Bad" to help it make TV shows. Two new executives, Jamie Erlicht and Zack Van Amburg, will report to Eddy Cue, Apple's senior vice president of internet software and services. 9. Mobike, a Chinese bike-sharing startup, has raised $600 million. Mobike raised the latest round from Chinese internet giant Tencent and renowned Silicon Valley tech investment firm Sequoia Capital, as well as a number of other investors. 10. Traders betting against Snap have made a killing since its IPO. Data compiled by financial analytics firm S3 Partners suggests they've made around $195 million. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-june-19-2017-6
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Post by huh on Jun 19, 2017 7:00:44 GMT -5
Frontrunning: June 19 UK PM May says attack on Muslims near mosque is 'sickening' (Reuters) Macron Under Pressure to Deliver as French Turnout Plummets (BBG) Market Volatility Has Vanished Around the World (WSJ) Real victory will be in 5 years, says Macron camp after election win (Reuters) Brexit Talks Kick Off in Brussels as May Urged to Soften Stance (BBG) As Brexit Talks Begin, EU’s Chief Negotiator Wants to Remove Uncertainties (WSJ) U.S., Japan Probe Deadly Ship Collision That Left Seven Dead (WSJ) With Whole Foods in the Cart, Amazon Now Faces the Hard Part (WSJ) Kushner Plans Trip to Middle East (WSJ) Boeing launches new jet as Macron opens Paris show (Reuters) Top Tech Executives Head to White House (WSJ) Vote for Goldman: Bankers Try to Ride an Anti-Trump Wave (BBG) Who Can Challenge the Google-Facebook ‘Duopoly’? (WSJ) Moody’s Cuts Ratings on Australia’s Banks on Housing Concern (BBG) Activist Investor Takes 4.3% Stake in Hudson’s Bay (WSJ) In Hamptons House, a Link to Manafort and Jared Kushner’s Dad (BBG) Less Stressful Tests Could Boost U.S. Bank Payouts $30 Billion (BBG) White House Intends to Tap GOP Staffer for FDIC Chair (WSJ) U.S. Drillers Are Hammering OPEC’s Plans (BBG) Oil’s Gloomy Summer Triggers Hedge Fund Doubts on Gasoline (BBG) Why Some Cyberattacks in Health Care Go Unreported (WSJ) Funds With $14 Trillion Have More Room for Emerging Bonds (BBG) Media Companies Are Getting Sick of Facebook (BBG) www.zerohedge.com/news/2017-06-19/frontrunning-june-19
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Post by huh on Jun 19, 2017 7:48:39 GMT -5
Decent gains in ES this morning. I would've expected at least +5 in SPX to fill its upside gap ~2438, and XLF up to 24.20 to fill its upside gap. But IWM, and especially Naz futures, likely have even more upside still. IWM has a couple upside gaps, but here's a look at Naz futures (USTEC). Just backtested previous FIB resistance, and I think it'll likely head back up to test the next & final FIB resistances (red circle).
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Post by walnut on Jun 19, 2017 7:53:22 GMT -5
VIX contango was back over 10 in premarket
I should mention, it is about to drop to 5 ~6 % tomorrow when the June contract expires.
What really is going to matter for awhile is the difference between July and spot vix, as VXX will be close to 100% July for a few days. And that should continue look good if the market continues to look healthy.
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Post by huh on Jun 19, 2017 7:55:59 GMT -5
What happens after USTEC backtests those higher FIBs (5746.70-5750) is anyone's guess, but the only worrisome signal there would be if it were to come down and then lose support ~5726.62. Low odds of that happening as predicting these micro-moves in the indices seems to have become like predicting the weather in Vegas: "And for tomorrow the market will be flat to up...And for tomorrow the market will be flat to up...And for tomorrow..."
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Post by theMist on Jun 19, 2017 8:05:25 GMT -5
VXX 12.77 in premarket
that's all I have to say for today lol
saw it earlier 12.81ish and went back to bed
BB in few
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Post by walnut on Jun 19, 2017 8:08:04 GMT -5
Me too went back to bed
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BigM
Full Member
Posts: 142
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Post by BigM on Jun 19, 2017 8:08:44 GMT -5
Anyone watch time and sales data for VXX? I just saw a couple of sells of 10,000 shares.
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Post by walnut on Jun 19, 2017 8:11:34 GMT -5
Sounds like the mist
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Post by theMist on Jun 19, 2017 8:15:52 GMT -5
lmao - not today no trades
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Post by theMist on Jun 19, 2017 8:17:00 GMT -5
Anyone watch time and sales data for VXX? I just saw a couple of sells of 10,000 shares. don't really watch it - but keep us posted if you see some really large blocks BB in few
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Post by walnut on Jun 19, 2017 8:19:39 GMT -5
Often on gap down mornings when macd is negative, the trend continues down further. But, I don't like gapping down to all time lows. Not seeing any wise trades on VXX at the moment.
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Post by walnut on Jun 19, 2017 8:30:51 GMT -5
Often on gap down mornings when macd is negative, the trend continues down further. But, I don't like gapping down to all time lows. Not seeing any wise trades on VXX at the moment. And there it went further down
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Post by huh on Jun 19, 2017 8:38:28 GMT -5
USTEC backtesting those higher FIBs now
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Post by Herceg on Jun 19, 2017 8:49:23 GMT -5
Small poor entries to the week but off to a good start...........continue to watch for another entry.
CLVS - 09:45:39 Bought to Cover 100s @ $84.9152 - Total: $8,495.97 CLVS - 08:36:46 Sold Short 50s @ $89.50 - Total: $4,470.46 CLVS - 08:30:09 Sold Short 20s @ $86.80 - Total: $1,731.52 CLVS - 08:23:44 Sold Short 30s @ $85.75 - Total: $2,568.00
~$271
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Post by huh on Jun 19, 2017 8:54:58 GMT -5
USTEC backtesting those higher FIBs now I'll personally be disappointed with anything short of the rest of the day heading down, and an outright near crash tomorrow. Index valuations high, signs of distribution over the last couple weeks, especially in tech, and now a gap up into major FIB resistance in USTEC. Good setup for a major down move.
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Post by clinton on Jun 19, 2017 8:56:20 GMT -5
sold the AMD +5%
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BigM
Full Member
Posts: 142
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Post by BigM on Jun 19, 2017 8:58:40 GMT -5
Seeing some very big buys of VXX in 12.67 area now
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Post by walnut on Jun 19, 2017 8:59:55 GMT -5
USTEC backtesting those higher FIBs now I'll personally be disappointed with anything short of the rest of the day heading down, and an outright near crash tomorrow. Index valuations high, signs of distribution over the last few weeks, especially in tech, and now a gap up into major FIB resistance in USTEC. Good setup for a major down move. I'm also feeling a little suspicious of the market at the moment, based on how vxx has been trading.
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