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Post by huh on Jun 26, 2017 6:45:24 GMT -5
10 things you need to know before the opening bell Theresa May secures a majority. UK Prime Minister Theresa May's Conservative Party has secured a 1.5 billion pound agreement with the Democratic Unionist Party, giving it a two-seat majority in the House of Commons. Italy is spending 17 billion euros to wind down 2 failing banks. The regional lenders Popolare di Vicenza and Veneto Banca are being wound down, and their good assets will be transferred to the nation's biggest retail bank, Intesa Sanpaolo. German business confidence is booming. The Ifo Business Climate survey hit a record 115.1 in June. The US dollar is falling out of favor. Data released Friday by the US Commodity Futures Trading Commission showed that net long speculative positioning in the greenback fell for a fifth consecutive week, leaving it at its lowest levels since September. Gold flash-crashes. The precious metal tumbled from $1,254 an ounce to $1,236 in seconds on Monday morning. It now trades down by 1.1%, or $14, at $1,242. Ethereum flash-crash victims are getting their money back. People who lost money as a result of Ethereum's flash crash on the GDAX exchange will be made whole, according to a blog post from the company. Last Wednesday, Ethereum crashed to $0.10 from $296 in minutes before recouping its losses. Facebook is in talks to produce original TV-quality shows. The social-media giant is hoping to launch original programming by the end of the summer, according to Joe Flint and Deepa Seetharaman of The Wall Street Journal. Under Armour's CEO explains his comments on Trump. "It was unfortunate that my words got characterized in a way that were meant to be divisive in some way, shape, or form," Under Armour CEO Kevin Plank told Willie Geist on NBC's "Sunday Today" show. Plank's comments were a follow-up to a statement he made in February in which he said a pro-business president was a "real asset for the country." Stock markets around the world are higher. China's Shanghai Composite (+0.87%) led in Asia, and France's CAC (+0.97%) is out front in Europe. The S&P 500 is set to open up 0.11% near 2,441. US economic data flows. Durable-goods orders will be released at 8:30 a.m. ET, and Dallas Fed manufacturing will cross the wires at 10:30 a.m. ET. The US 10-year yield is up by 1 basis point at 2.15%. www.businessinsider.com/opening-bell-june-26-2017-2017-6
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Post by huh on Jun 26, 2017 6:46:27 GMT -5
10 things in tech you need to know today 1. Justin Caldbeck, a partner at VC firm Binary Capital, has quit after six women in tech claimed he sexually harassed them. Caldbeck originally denied the claims, then apologised, then quit, according to several media reports over the weekend. 2.Amazon has applied to patent a beehive-like tower for delivery drones. The strange, sci-fi design shows a "multi-level" tower, and the structure is intended for densely populated areas, like cities. 3. Microsoft suffered a massive code leak, after Windows 10 source code was posted online anonymously. Microsoft confirmed the leak, which included confidential Windows 10 builds that hackers could have used to look for security flaws, according to The Register. 4. A former Tesla engineer has launched an FDA-approved company that makes hangover cures. Sisun Lee will launch Morning Recovery on July 5, selling drinks containing Asian herbs that he says helps the body get rid of toxic acid buildup after a night of drinking. 5. Google will no longer scan your Gmail inbox in order to work out how to target you with advertising. Gmail previously scanned for keywords to inform inbox ads, and Google didn't explain why it was ditching the practice. 6. Mac malware is surging, according to analysis from security firm McAffee. The number of cases of malware targeting Macs was up 53% in the first quarter. 7. Child safety experts are worried that a new feature from Snapchat, which lets you track your friends nearby, could lead to online bullying or harassment. The safety group Childnet International said people shouldn't give their location away on Snapchat to people they don't know. 8. Facebook wants to produce high-quality, scripted TV shows costing up to $3 million an episode. The company is in talks with various Hollywood production firms for shows like Freeform's "Pretty Little Liars", according to the Wall Street Journal, and is also looking for shorter 10-minute unscripted content. 9. Apple CEO Tim Cook, Amazon CEO Jeff Bezos, and Google CEO Sundar Pichai were among 21 CEOs to meet with Indian prime minister Narendra Modi in the US this weekend. Modi gathered the leaders in a roundtable to pitch his government's tax reforms, ahead of a meeting with his US counterpart Donald Trump this week. 10. Pandora CEO and founder Tim Westergren is reportedly planning to step down, according to Recode. Westergren has been running the streaming music service since 2016, and the company has not found a replacement yet. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-june-26-2017-6
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Post by huh on Jun 26, 2017 7:04:25 GMT -5
Frontrunning: June 26 Italian Bank Deal Raises Questions About Eurozone Rules (WSJ) UK PM May strikes $1.3 billion deal to get Northern Irish DUP support for her government (Reuters) Nestle Targeted by Dan Loeb in Activist’s Biggest-Ever Bet (BBG) Nestle 'committed' to strategy as activist investor moves in (Reuters) Troubled Air-Bag Maker Takata Files for Bankruptcy (WSJ) Merkel’s Election Opponent Slams Her for Being Too Nice to Trump (BBG) Berlusconi Stages Comeback to Frontline Politics (BBG) European Stocks Jump as Crude, Nestle Power Gains (BBG) Amazon’s Grocery Ambitions Spell Trouble for Food Brands (WSJ) Clogged oil arteries slow U.S. shale rush to record output (Reuters) U.S. warship stayed on deadly collision course despite warning - container ship captain (Reuters) How Earthquakes Are Rattling a Dutch Province Atop One of the World’s Richest Gas Troves (WSJ) Deutsche Bank Fund Buys London Office Buildings for $395 Million (BBG) Trumpmania Cools in This Pennsylvania Town (BBG) Asylum seekers in Canada trapped in legal limbo (Reuters) Saudi Religious Police Return, Just With a Little Less Vengeance (BBG) New U.S. ambassador to China says North Korea a top priority (Reuters) Bankers Have Less to Fear From ‘Stress Tests' (WSJ) Europe Doesn’t Need American Climate Scientists. It Needs American Climate Data (BBG) SpaceX Executes Back-to-Back Launches in Roughly 48 Hours (WSJ) U.S. court hears challenge on Texas law to punish 'sanctuary cities' (Reuters) OPEC Looks Totally Bewildered by the Oil Market (BBG) Bankers Are Hiring Cyber-Security Experts to Help Get Deals Done (BBG) www.zerohedge.com/news/2017-06-26/frontrunning-june-26
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Post by Herceg on Jun 26, 2017 7:42:31 GMT -5
Just heard that they cannot find qualified workers for Dunkin Donuts..................Are you "F'n" kidding me..................we as a country are screwed if we cannot even handle that..........
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Post by walnut on Jun 26, 2017 8:07:47 GMT -5
Just build the section 8 housing near the DHS office and the wal mart. The zombies don't even need to read the bus route map.
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Post by huh on Jun 26, 2017 8:19:29 GMT -5
Just heard that they cannot find qualified workers for Dunkin Donuts..................Are you "F'n" kidding me..................we as a country are screwed if we cannot even handle that.......... Look at any crowd of people anywhere in the U.S. and there's definitely no shortage of "doughnut experts" to be found. I think DD must be defining "qualified workers" as those who won't eat all their profits.
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Post by theMist on Jun 26, 2017 8:26:49 GMT -5
S&P Hourly ChartS&P obviously gapping over resistance this morning Should put in a backtest at some point and could be after hits target of SP2452ish
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Post by theMist on Jun 26, 2017 8:29:55 GMT -5
VXX
The move on gap down days is to short it in premarket or right at the open -- even though chasing
VXX 12.38 in premarket and looks to be opening at that price Next stop should be VXX 12.20 range
Shorting some VXX at the open for quick scalp into 12.20 range
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Post by theMist on Jun 26, 2017 8:42:39 GMT -5
BTW this breakout in S&P measures right at all time high around SP 2452ish S&P Hourly Chart
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Post by theMist on Jun 26, 2017 8:56:34 GMT -5
VXX Daily Chart When BBs are tight and VXX makes a move (which is usually down) -- have to watch if VXX closes outside lower BBs and makes a candle outside lower BB on DAILY chart Usually moves like this will produce a nasty little spike in VXX Today VXX gapped down and left behind a gap from 12.39-12.50 (old all time low) VXX should continue down into low 12.20 range and possibly lower in next day or two At some point it will need to fill that gap from today at 12.39-12.50 If (big 'IF') VXX keeps closing outside lower BB and makes a candle outside lower BB, it could be setting up for a nasty little spike to UPPER BB 13.74-14.17 VXX Daily Chart
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Post by theMist on Jun 26, 2017 9:02:24 GMT -5
Chris, what do you have for VXX drop rate?
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Post by walnut on Jun 26, 2017 9:17:13 GMT -5
Trying to do an MSHA filing online and not going through frustrating
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Post by Herceg on Jun 26, 2017 9:41:28 GMT -5
Good start to the week.......STOR trade was an angry trade and ill advised, but fortunately worked out..........GRUB refused to break 45 until I covered as expected............CAR just for giggles and PTLA too much too fast.............BOL to all........
STOR - 10:37:24 Bought to Cover 300s @ $22.665 - Total: $6,803.95 STOR - 10:37:24 Bought to Cover 300s @ $22.665 - Total: $6,799.50 STOR - 10:37:24 Bought to Cover 400s @ $22.663 - Total: $9,065.20 GRUB - 10:33:27 Bought to Cover 200s @ $45.20 - Total: $9,044.45 STOR - 10:29:09 Sold Short 1000s @ $22.75 - Total: $22,744.95 CAR - 10:14:40 Bought to Cover 50s @ $27.9834 - Total: $1,403.62 CAR - 10:07:10 Sold Short 50s @ $28.52 - Total: $1,421.52 PTLA - 09:31:01 Bought to Cover 100s @ $57.40 - Total: $5,744.45 PTLA - 08:46:30 Sold Short 100s @ $58.10 - Total: $5,805.42 GRUB - 08:22:29 Sold Short 40s @ $46.00 - Total: $1,839.95 GRUB - 08:22:09 Sold Short 160s @ $46.00 - Total: $7,355.38
~$306..........
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Post by theMist on Jun 26, 2017 9:42:07 GMT -5
S&P pulled back and backtesting the breakout as I type S&P morning gap almost filled
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Post by Herceg on Jun 26, 2017 9:42:59 GMT -5
GRUB now at 44.60's................just to piss me off.........LOL
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Post by walnut on Jun 26, 2017 9:58:26 GMT -5
Chris, what do you have for VXX drop rate? Sorry been distracted. But I figure that expected daily drop would have been about 7.5 cents, but I kinda think all bets are off for the moment.
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Post by theMist on Jun 26, 2017 10:15:42 GMT -5
VXX backtested and closed gap to old all time low VXX 12.50
Surprised S&P gapped up and ran hard and then reversed and closed morning gap Expected gap to get filled tomorrow or Wednesday
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Post by walnut on Jun 26, 2017 10:23:58 GMT -5
Well 7.5 cents is what it would be if it behaved. Market acting too weird this morning for that to matter much.
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Post by theMist on Jun 26, 2017 10:27:01 GMT -5
Almost forgot Gotta keep pounding the VIX SCAMs!! VXX 12.41
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Post by theMist on Jun 26, 2017 10:38:21 GMT -5
Well 7.5 cents is what it would be if it behaved. Market acting too weird this morning for that to matter much. contango and drop rate definitely having an effect VXX would have flashed green by now if hadn't IMO
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