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Post by huh on Jun 21, 2017 6:42:27 GMT -5
10 things you need to know before the opening bell Chinese stocks are joining an important global group. MSCI is planning to add 222 China A Large Cap stocks to its Emerging Markets Index in 2018. The group of stocks will carry an approximate weighting of 0.73%. Wall Street got something big from Paul Ryan's tax-cut speech. While the House speaker's speech didn't give any specifics, "Markets just want to know the process is still alive — and it is," Greg Valliere, the chief global strategist at Horizon Investments, told Business Insider. Oil holds near 7-month lows. West Texas Intermediate crude oil trades unchanged at $43.34 a barrel. It hit a seven-month low of $42.75 on Tuesday. Uber CEO Travis Kalanick resigns. "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight," Kalanick said in a statement received by The New York Times early Wednesday morning. Sears Canada is reportedly getting ready to seek creditor protection. A filing is expected in the next couple of weeks, The Globe and Mail says, citing a source familiar with the matter. McDonald's is taking its biggest risk in history. The fast-food giant is adding fresh beef to its menu across the US beginning next year, Reuters says. The new patties are expected to take one minute longer to prepare. A big software deal is in the works. BMC Software and CA Inc. are in talks for a combination that would take the publicly listed CA Inc. private, Bloomberg's Kiel Porter and Alex Sherman report. Stock markets are the world are lower. Australia's ASX (-1.9%) led the losses overnight, and France's CAC (-1%) lags in Europe. The S&P 500 is set to open little changed near 2,435. Oracle reports. Oracle is expected to earn $0.78 a share on revenue of $10.45 billion. The results are due out at the closing bell. Us economic data is light. Existing-home sales will cross the wires at 10 a.m. ET. The US 10-year yield is down by 1 basis point at 2.15%. www.businessinsider.com/opening-bell-june-21-2017-2017-6
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Post by huh on Jun 21, 2017 6:43:28 GMT -5
10 things in tech you need to know today 1. Travis Kalanick has resigned as CEO of Uber. The ride-hailing startup has been rocked by months of scandals. 2. Apple CEO Tim Cook talked to Donald Trump about immigration. Alongside other tech execs, Cook attended meetings at the White House on Monday. 3. Apple's global head of security says more leaks are now coming out of Apple headquarters than its Asian factories. A presentation of how Apple tries to stop leaks has leaked. 4. Instagram Stories is still growing quickly and now has 250 million users, Recode reports. The Facebook-owned social network is relentlessly copying Snapchat in an attempt to beat it. 5. Amazon has announced a new Prime feature, Prime Wardrobe, for shopping for clothes online. It will send you clothes in a special box to try on and decide which ones you want to keep. 6. Uber will finally let drivers accept tips. Drivers in Seattle, Minneapolis and Houston in the US can now be given tips by their passengers. 7. The 'Orange Is The New Black' leak started with a computer running Windows 7 and a $50,000 (£40,000) bitcoin ransom. A post-production studio's computer got infected with malware. 8. CNN thinks it has figured out what a post-cable network looks like, and it's betting $70 million (£55 million) on it. It is pumping cash into its social video experiment Great Big Story. 9. Cisco thinks it has solved an "unsolvable" encryption security challenge. On Tuesday, it announced Encrypted Traffic Analytics. 10. The reviews for the OnePlus 5 are in, and they're pretty positive. The Guardian calls it "as fast and smooth as Google Pixel, without the price tag." www.businessinsider.com/10-things-in-tech-you-need-to-know-june-21-2017-6
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Post by huh on Jun 21, 2017 6:48:39 GMT -5
Frontrunning: June 21 Republican Handel Wins Georgia House Seat, Dashing Democrats’ Hopes (BBG) Uber CEO Kalanick Quits as Investors Revolt (WSJ) Saudi King’s Surprise Shakeup Clears Son’s Path to the Throne (BBG) After weeks of secrecy, U.S. Senate to unveil healthcare bill (Reuters) Latest Election-Hacking Hearings to Focus on State-Level Events (WSJ) Trump’s Net Worth Slips to $2.9 Billion as Towers Underperform (BBG) Oil Returns to Bear Market (WSJ) Brexit Dominates May's Program as Some Manifesto Pledges Ditched (BBG) Wal-Mart to Vendors: Get Off Amazon’s Cloud (WSJ) China shares get MSCI nod in landmark moment for Beijing (Reuters) China Firms Might Need to Shape Up After Index Lays Out Red Carpet (WSJ) America Is Now a ‘Second Tier’ Country (BBG) Insurance Startup Oscar Raises Its Bet on Affordable Care Act (WSJ) Death of U.S. student held by North Korea shocks fellow ex-detainees (Reuters) The Future of Drone Delivery Hinges on Predicting the Weather Block by Block (BBG) Tokyo Takes Lead in Toshiba Chip-Unit Sale Over China Fears (WSJ) A daily conundrum in convulsed Venezuela: will my kids make it to school? (Reuters) Germany Warns U.S. Against Ceding Lead Role to China, Russia (BBG) Take a Look at the States Sending the Most Carbon Into the Air (BBG) Theranos, Walgreens Reach Deal to Settle Lawsuit (WSJ) www.zerohedge.com/news/2017-06-21/frontrunning-june-21
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Post by theMist on Jun 21, 2017 7:24:27 GMT -5
S&P Futures I believe the LOD is in for Futures -- Forming a bottom BTW that move down to lower BB which is curling up now would have came real close to filling the gap on S&P cash charts along with VXX in premarket to 13.06 -- what a gift that was
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Post by theMist on Jun 21, 2017 7:30:24 GMT -5
VXX 4 HR Chart Look at where VXX tagged in premarket Also, on daily chart 10sma is at 13.08 VXX should hit 12.50 range today
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Post by theMist on Jun 21, 2017 7:35:25 GMT -5
Huh - Are you charting oil? USO Daily Chart Looks like Oil should stabilize and possibly bounce a little in this spot
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Post by theMist on Jun 21, 2017 7:49:06 GMT -5
S&P Hourly Chart S&P dropped below back test of upper sym triangle S&P needs to get back above that line The move isn't technically significant since it is not a 1% move below the yellow line and can just be a quick dip The breakout above it was technically significant since it was more than 1% above the line We still have S&P 2468 large iH&S target
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Post by Herceg on Jun 21, 2017 7:49:31 GMT -5
A lot of stuff going on with earnings and such................KMX added this morning to the four from yesterday............BOL to all.
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Post by huh on Jun 21, 2017 7:58:29 GMT -5
Huh - Are you charting oil? ... I still see the failed iH&S I posted about back in early March. $40 next major support, and below that would likely get a test of last year's lows (mid-20's)
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Post by theMist on Jun 21, 2017 8:16:02 GMT -5
Oh my! The VIX SCAMs are dropping like a brick in premarket
VXX 12.71 12.69
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Post by ipath on Jun 21, 2017 8:16:35 GMT -5
So Mist, you covered last night? VXX was close to your target of 12.70
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Post by theMist on Jun 21, 2017 8:18:53 GMT -5
So Mist, you covered last night? VXX was close to your target of 12.70 I covered at VXX 12.78 in AH and reshorted this morning in 12.80s I'm 28k short VXX around 12.82ish avg Shares of VXX short only became available after around 7:20pmEST with Scottrade when VXX was in 12.80s VXX 13.06 in early premarket was a gift
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Post by ipath on Jun 21, 2017 8:20:25 GMT -5
awesome, so you didn't miss out for not holding overnight
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Post by ipath on Jun 21, 2017 8:24:48 GMT -5
I am also looking at going long biotech, specifically GILD... I think this is a sector that has underperformed and is at turnaround point
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Post by theMist on Jun 21, 2017 8:26:18 GMT -5
awesome, so you didn't miss out for not holding overnight I have found that its not worth the risk for me to hold overnight If I was to hold short VXX overnight I would probably leave only 10-15k shares max and that would hinder my trading ability the next day When I daytrade, I'm using max leverage at 40-50k shares short VXX. And I would never leave a maxed out short VXX position on overnight. Even if I miss a 20 cent gap down in VXX, I can easily make up for it by shorting maxed out on leverage
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Post by ipath on Jun 21, 2017 8:31:12 GMT -5
that makes sense mist, especially that you are able to watch them.. and of course, you can hammer them if they don't behave lol
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Post by theMist on Jun 21, 2017 8:31:48 GMT -5
S&P trying to get back above that yellow line -- sym triangle resistance S&P Hourly
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Post by theMist on Jun 21, 2017 8:38:35 GMT -5
VXX should keep dropping to at least fill gap to 12.58 VXX 12.68
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Post by Herceg on Jun 21, 2017 8:41:34 GMT -5
Nice start to the day.............hoping for more action.....
KMX - 09:32:45 Bought to Cover 100s @ $62.3027 - Total: $6,234.72 RHT - 09:24:01 Bought to Cover 75s @ $97.90 - Total: $7,346.95 KMX - 08:47:16 Sold Short 100s @ $64.05 - Total: $6,400.41 RHT - 08:30:04 Sold Short 39s @ $99.25 - Total: $3,870.67 RHT - 08:10:23 Sold Short 15s @ $99.25 - Total: $1,488.72 RHT - 08:09:47 Sold Short 21s @ $99.25 - Total: $2,079.76
~$257.......
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Post by theMist on Jun 21, 2017 9:03:46 GMT -5
S&P Futures trying to put in a iH&S pattern See right side Shorted more VXX in 12.70 range S&P Futures Hourly
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