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Post by huh on Jul 12, 2017 7:43:06 GMT -5
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, SNAP, APRN) Trump's 'risk of impeachment' is higher. Tina Fordham, Citi's chief global political analyst, believes that it's too early to say whether President Donald Trump will be impeached following the bombshell Donald Trump Jr. emails but that the "risk of impeachment proceedings is now higher than before." Yellen begins her 2-day Humphrey-Hawkins testimony. Federal Reserve Chair Janet Yellen will appear before the House Financial Services Committee to give her semiannual monetary-policy report to Congress. Gary Cohn is reportedly the top pick to replace Yellen at the Fed. If Cohn, the National Economic Council director and President Donald Trump's top economic adviser, wants the job, it's his to take, according to a report from Politico's Ben White and Victoria Guida. UK employment hits a record high. Britain's headline employment rate grew to 74.9% in June, the highest since record keeping began in 1971. Wages jumped by 2%, but that's below the UK's 2.9% inflation rate. The Bank of Canada meets. Goldman Sachs says Canada's central bank will keep policy on hold at Wednesday's meeting. "While certainly a close call, we expect the BoC to hike rates for the first time in October, not next week," Goldman strategist Michael Cahill wrote. Oil is higher for a 3rd straight day. West Texas Intermediate crude oil trades up by 1.5% at $45.71 a barrel as traders await weekly inventory data. The 2 biggest IPOs of 2017 are flops. Both Snap and Blue Apron finished Tuesday's session below their initial-public-offering prices. Apple builds its first data center in China. The data center, which was built in a partnership with a local internet company, will help Apple comply with stricter cybersecurity laws introduced by Beijing, Reuters says. Stock markets around the world are mixed. Australia's ASX (-0.98%) trailed in Asia, and Britain's FTSE (+0.94%) is out front in Europe. The S&P 500 is set to open higher by 0.19% near 2,430. US economic data is light. The Fed's Beige Book is due out at 2 p.m. ET. The US 10-year yield is down by 2 basis points at 2.34%. markets.businessinsider.com/news/stocks/opening-bell-july-12-2017-2017-7-1002166613 |
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Post by huh on Jul 12, 2017 7:43:57 GMT -5
10 things in tech you need to know today 1. Uber's business is still growing despite months of bad news, scandals and turmoil. The company said its gross bookings for rides were up 10% from the previous quarter. 2. Analysts say that the "supercycle" that's supposed to power iPhone 8 sales could just be a "cycle." A note published by Deutsche Bank says that expectations for iPhone 8 sales are too high. 3. Struggling biotech company Theranos is considering renting out its entire headquarters. The company laid off 41% of its staff earlier this year. 4. A new, leaked component from China backs rumours that the iPhone 8 will not have a fingerprint reader. The rear panel suggests that there's no Touch ID on the back, either. 5. New renders show what Google's upcoming Pixel 2 smartphone could look like. The renders are based on rumours about what's going to be in the device. 6. Snap stock spiralled after Morgan Stanley slashed its price target. Stock fell to $16.26 (£12.68), below the company's $17 (£13.25) IPO price. 7. Dell's latest laptop is the world's first that can charge wirelessly. You need a special charging mat, though. 8. Microsoft wants to use the TV airwaves to bring broadband to millions of rural Americans. It's starting off by looking at a five-year scheme to help 2 million people. 9. Uber and Deliveroo might have to radically alter the way they pay workers in the UK following a government report. The Matthew Taylor report looked at how people are treated in the gig economy. 10. The Windows Phone operating system is officially dead. Microsoft killed off the latest software yesterday. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-july-12-2017-7 |
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Post by Herceg on Jul 12, 2017 7:54:49 GMT -5
GM All..........two trades in thus far this morning................hoping to close out early as I am going in to work early all week.......BOL to all.......
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Post by huh on Jul 12, 2017 7:58:30 GMT -5
Well, so much for S&P 2420 being some sort of key support. It probably is/was, which was a good enough reason to squeeze it, then gap it up today. Interesting to note: tech is the leader now on this upswing, yet banks were red yesterday, and so far flat this morning, even with futures up a decent amount: Today's action looked like what you would expect from a typical squeeze set-up, except in extreme slow motion. As I mentioned before, tech could be seeing a final pop here (RS of a H&S in Naz) and could see another 2% upside yet, but banks still look like a top. |
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Post by Herceg on Jul 12, 2017 8:11:22 GMT -5
GM All..........two trades in thus far this morning................hoping to close out early as I am going in to work early all week.......BOL to all....... One is done while I was outside............one to go............would like to close PM if possible.............JMO and BOL.......... |
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Post by walnut on Jul 12, 2017 8:20:59 GMT -5
Yellens hawkish sounding statement made the market shoot up? would have thought it would have just held neutral.
That might have been VXX whole down move today.
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Post by theMist on Jul 12, 2017 8:23:17 GMT -5
Yellens hawkish sounding statement made the market shoot up? would have thought it would have just held neutral. That might have been VXX whole down move today. yes, that was breaking news lol Fed will continue with raising rates and will reduce the balance sheet Technically speaking it was a breakout over resistance Market is on borrowed time -- after one more leg up to sP2468-2500 they're going to pull the plug IMO |
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Post by huh on Jul 12, 2017 8:45:07 GMT -5
Sell those banks, MM's
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Post by Herceg on Jul 12, 2017 8:53:50 GMT -5
GM All..........two trades in thus far this morning................hoping to close out early as I am going in to work early all week.......BOL to all....... One is done while I was outside............one to go............would like to close PM if possible.............JMO and BOL.......... Managed to sneak another trade in but still cannot get out of other PM trade.............very fickle.............Put in order for BE for now.......BOL to all...... |
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Post by theMist on Jul 12, 2017 9:05:04 GMT -5
that large iH&S and double bottom point to that SP 2468 target area
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Post by huh on Jul 12, 2017 9:10:18 GMT -5
That selling should start all over again once BAC fills its opening gap down (was down more than 1%) |
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Post by Herceg on Jul 12, 2017 9:25:24 GMT -5
My God......I hate listening to her BS and others...............
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Post by walnut on Jul 12, 2017 9:35:14 GMT -5
My God......I hate listening to her BS and others............... Did you hear Maxine Waters just ask that interest rate / inflation question? She had to read it off a prepared page and she sounded like she didn't know wtf she was reading. Someone wrote that for her. Pathetic. |
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Post by Herceg on Jul 12, 2017 10:40:08 GMT -5
GM All..........two trades in thus far this morning................hoping to close out early as I am going in to work early all week.......BOL to all....... One is done while I was outside............one to go............would like to close PM if possible.............JMO and BOL.......... Still one trade outstanding............currently at a loss on it............Never saw FAST dropping am much as it did........could have been a much better trade........... NRG - 10:41:24 Bought to Cover 300s @ $19.285 - Total: $5,789.95 NRG - 10:15:28 Sold Short 300s @ $19.51 - Total: $5,848.39 FAST - 09:51:05 Bought to Cover 300s @ $44.9386 - Total: $13,486.03 FAST - 09:44:39 Sold Short 100s @ $45.31 - Total: $4,526.44 FAST - 09:44:39 Sold Short 200s @ $45.2901 - Total: $9,057.80 FAST - 09:05:51 Bought to Cover 200s @ $46.10 - Total: $9,224.45 FAST - 08:38:31 Sold Short 200s @ $46.70 - Total: $9,339.77 Currently up.....~$272............. |
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Post by theMist on Jul 12, 2017 11:06:10 GMT -5
VXX bear flagging
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Post by theMist on Jul 12, 2017 11:08:43 GMT -5
S&P Hourly S&P got over the first hurdle and currently testing 2nd hurdle With today's move S&P on its way to SP2468-2500 target  |
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Post by theMist on Jul 12, 2017 11:30:14 GMT -5
VXX bear flagging should be making new lod very soon contango pressing 8%  |
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Post by Herceg on Jul 12, 2017 11:51:39 GMT -5
One is done while I was outside............one to go............would like to close PM if possible.............JMO and BOL.......... Still one trade outstanding............currently at a loss on it............Never saw FAST dropping am much as it did........could have been a much better trade........... NRG - 10:41:24 Bought to Cover 300s @ $19.285 - Total: $5,789.95 NRG - 10:15:28 Sold Short 300s @ $19.51 - Total: $5,848.39 FAST - 09:51:05 Bought to Cover 300s @ $44.9386 - Total: $13,486.03 FAST - 09:44:39 Sold Short 100s @ $45.31 - Total: $4,526.44 FAST - 09:44:39 Sold Short 200s @ $45.2901 - Total: $9,057.80 FAST - 09:05:51 Bought to Cover 200s @ $46.10 - Total: $9,224.45 FAST - 08:38:31 Sold Short 200s @ $46.70 - Total: $9,339.77 Currently up.....~$272............. Going to work early really messed me up along with my stupid trade,,,, NRG - 12:38:03 Bought to Cover 1000s @ $19.535 - Total: $19,539.45 NRG - 12:15:02 Sold Short 800s @ $19.50 - Total: $15,595.10 NRG - 08:53:03 Sold Short 200s @ $19.00 - Total: $3,795.45 ~$123 for the day............better than a loss.......Have a good night all........ |
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Post by theMist on Jul 12, 2017 13:10:20 GMT -5
VXX 12.36 lod might be it for the day
ttyl
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Post by theMist on Jul 12, 2017 14:18:44 GMT -5
Sp2468 target is now only 23 pts away
God Help us when they finally hit the SELL button
BTW - today's move higher didn't even bother to backtest
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