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Post by huh on Jul 11, 2017 7:12:00 GMT -5
10 things you need to know before the opening bell Stocks are entering the 'frothy territory' reached before the past 2 crashes. Equity market cap as a percentage of gross domestic product has returned to levels most recently seen in 2000 and 2008, according to Deutsche Bank. The Bank of England warns UK banks not to 'return to the punchbowl.' Speaking Monday, Sam Woods, the CEO of the Bank of England's Prudential Regulation Authority, warned that some banks were loosening their internal controls to create credit and boost risk. Foreign investors went on a buying spree across Asia. Foreign investors poured $63.6 billion into Asian bonds and stocks during the first half of 2017, making for the biggest net inflow since the second half of 2012, according to new research from the Australian bank ANZ. Ethereum tumbles below $200. The cryptocurrency tumbled by more than 15% to a low of $175 an Ether on Tuesday before recovering a good chunk of its losses. It's now down by 6.6% at $196. Snap falls below its IPO price. Shares of the social-media company hit $16.99 apiece on Monday, a penny less than their price at the company's March 1 initial public offering. Amazon Prime Day is here. Amazon could rake in $1 billion over the 30-hour event, according to analysts at JPMorgan. UBS says its London bankers could move to one of 3 places. "I think Frankfurt is a location of choice. There are different, other locations that could come into consideration," UBS CEO Sergio Ermotti said in an interview with CNBC. The other destinations are Amsterdam and Madrid. Stock markets around the world trade mixed. Hong Kong's Hang Seng (+1.48%) led the gains in Asia, and Britain's FTSE (-0.7%) trails in Europe. The S&P 500 is set to open down 0.17% near 2,423. Earnings season kicks off. Pepsi reports ahead of the opening bell. US economic data is light. Jolts Job Openings and wholesale inventories will be released at 10 a.m. ET. The US 10-year yield is up by 1 basis point at 2.39%. www.businessinsider.com/opening-bell-july-11-2017-2017-7 |
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Post by huh on Jul 11, 2017 7:12:43 GMT -5
10 things in tech you need to know today 1. Google has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators. Google is drawing on the expertise of at least five top law firms in Brussels to help it deal with its EU regulatory troubles, people familiar with the matter told Reuters. 2. Facebook is once again cutting the price of its high-end Oculus Rift virtual reality headset. The price cut comes amidst heated competition from HTC, Sony, and others. 3. Apple is planning to build another data center in Denmark as courts hold up its Irish server farm. The second Apple data center in Denmark will reportedly cost the company $920 million. 4. Elon Musk showed up to a beach party with Leonardo DiCaprio and Orlando Bloom wearing a suit. A party attendee said Musk was in a "whole different headspace" than Bloom and DiCaprio — who were dressed in T-shirts and baseball caps — but said he seemed "in the crew." 5. Ethereum came under pressure on Monday. The cryptocurrency was down 9.9%, at $215 an ether, and is trading at its lowest level in more than a month. 6. Samsung Galaxy S8 owners keep getting forced into having a button dedicated to Samsung's Bixby assistant. The assistant isn't yet finished. 7. Elon Musk has bought back the website name from his second-ever company, which he left in 2002. The website is x.com. 8. Shares in Snap have fallen to their IPO price of $17 again. Snap debuted at $17 and first began trading at $24. It reached its all-time high of $27.09 on March 3, one day after its IPO. It's now down 37% from there. 9. Apple is reportedly going to introduce a "mirror-like" finish for the iPhone 8. It would not be a first for smartphones, however, and not even for Apple itself. 10. Speculation is mounting that Apple's next iPhone could cost $1,200 or more. The latest round of iPhone price speculation was spurred by the writer and podcaster John Gruber. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-july-11-2017-7 |
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Post by Herceg on Jul 11, 2017 7:50:35 GMT -5
A couple of trades already on the stove..............looking for a good meal...........will see how things pan out and hopefully all the ingredients are correct................JMO and BOL............
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Post by theMist on Jul 11, 2017 8:03:25 GMT -5
S&P Charts Daily Indicators curling up S&P Daily chart  S&P 4HR chart Indicators look like they want to go bullish
 S&P Hourly chart  |
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Post by huh on Jul 11, 2017 8:20:02 GMT -5
"Aggressive selling" may be the phrase of the day if S&P loses its 2420 support
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Post by theMist on Jul 11, 2017 8:29:22 GMT -5
"Aggressive selling" may be the phrase of the day if S&P loses its 2420 support The only aggressive selling we're going to see is selling the VIX SCAMs  |
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Post by Herceg on Jul 11, 2017 8:40:28 GMT -5
A couple of trades already on the stove..............looking for a good meal...........will see how things pan out and hopefully all the ingredients are correct................JMO and BOL............ The side dish is taking much longer than anticipated..............could also be that I was not happy with medium and wanted well done.............this may take awhile now................uggghhh.............fortunately not large position............ |
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Post by novie08 on Jul 11, 2017 8:52:02 GMT -5
Hi, guys. Believe it or not, I own Arena Pharma but only 50 shares, lol. Still, up over $400 on that slight pos this AM. |
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Post by theMist on Jul 11, 2017 9:16:03 GMT -5
S&P Hourly chart S&P still has to fill morning gap and so does VXX morning gap down is backtest of 200ema  |
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Post by theMist on Jul 11, 2017 9:22:20 GMT -5
VXX  |
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Post by Herceg on Jul 11, 2017 9:31:07 GMT -5
A couple of trades already on the stove..............looking for a good meal...........will see how things pan out and hopefully all the ingredients are correct................JMO and BOL............ The side dish is taking much longer than anticipated..............could also be that I was not happy with medium and wanted well done.............this may take awhile now................uggghhh.............fortunately not large position............ Well this was the main dish...............only 100 shares on the side dish, but will have to wait it out as I'm busy all week..........will post if closed today...... FOLD - 09:31:55 Bought to Cover 1s @ $12.64 - Total: $12.64 FOLD - 09:31:55 Bought to Cover 499s @ $12.64 - Total: $6,307.36 FOLD - 08:38:12 Sold Short 122s @ $13.40 - Total: $1,634.75 FOLD - 08:38:10 Sold Short 220s @ $13.40 - Total: $2,947.92 FOLD - 08:38:09 Sold Short 8s @ $13.40 - Total: $107.20 FOLD - 08:07:51 Sold Short 130s @ $14.20 - Total: $1,845.95 FOLD - 08:07:34 Sold Short 20s @ $14.20 - Total: $284.00 ~$500............ |
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Post by walnut on Jul 11, 2017 10:24:47 GMT -5
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Post by theMist on Jul 11, 2017 10:25:20 GMT -5
That was a bad news release
Email exchange between Trump Jr and Russia shows collusion
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Post by ipath on Jul 11, 2017 10:41:31 GMT -5
the Bulls don't care about emails.. when they see red they want to have it, they just saw the market in red and sure as hell they made a run for it |
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Post by ipath on Jul 11, 2017 10:45:55 GMT -5
the Bulls don't care about emails.. when they see red they run for it, they just saw the market in red and sure as hell they made a run for it |
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Post by theMist on Jul 11, 2017 10:51:38 GMT -5
Walnut - I think you need to play that TIMBER video in reverse now lol
so many BS moves at these levels
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Post by walnut on Jul 11, 2017 11:01:29 GMT -5
I was hoping that was a BS move but was not sure. I think it is kinda revealing that the market bounced back.
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Post by Herceg on Jul 11, 2017 11:12:42 GMT -5
Well this was the main dish...............only 100 shares on the side dish, but will have to wait it out as I'm busy all week..........will post if closed today......
FOLD - 09:31:55
Bought to Cover 1s @ $12.64 - Total: $12.64
FOLD - 09:31:55
Bought to Cover 499s @ $12.64 - Total: $6,307.36
FOLD - 08:38:12
Sold Short 122s @ $13.40 - Total: $1,634.75
FOLD - 08:38:10
Sold Short 220s @ $13.40 - Total: $2,947.92
FOLD - 08:38:09
Sold Short 8s @ $13.40 - Total: $107.20
FOLD - 08:07:51
Sold Short 130s @ $14.20 - Total: $1,845.95
FOLD - 08:07:34
Sold Short 20s @ $14.20 - Total: $284.00
~$500..........
I will probably have to throw away the side dish..................not doing much of anything............don't want to add and have too much to do..........should have just snacked on it and called it a day...........Have a good day all..............stop set for $200 loss which would leave me $300 for the day..........not happy about it but it is what it is................
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Post by theMist on Jul 11, 2017 11:40:55 GMT -5
I still think S&P will have one more leg up to hit SP2468 target but after that can be dangerous to be long after that target is met
VXX may have one more run left down to low 12 but I don't think VXX sees 11s
Like I've said, SP over 2400 feels toppy but am looking for one more move to SP2468-2500
thoughts?
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Post by walnut on Jul 11, 2017 11:59:55 GMT -5
I think there will be a pullback around there. I just don't know how severe or how long volatility will be elevated from it. I still think S&P will have one more leg up to hit SP2468 target but after that can be dangerous to be long after that target is met VXX may have one more run left down to low 12 but I don't think VXX sees 11s Like I've said, SP over 2400 feels toppy but am looking for one more move to SP2468-2500 thoughts? |
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