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Post by huh on Jul 13, 2017 7:40:50 GMT -5
10 things you need to know before the opening bell Yellen's Humphrey-Hawkins testimony continues. Federal Reserve Chair Janet Yellen will move her semiannual testimony to the Senate Banking Committee after appearing before the House Financial Services Committee on Wednesday. Fed rate-hike odds are falling. The market sees just a 42.3% chance that the Fed hikes rates by the end of the year, according to Bloomberg's World Interest Rate Probability data. That's down from a 51.9% chance on Monday. China's trade surplus swells. China's trade surplus grew to $42.77 billion in June as exports to the US and the EU grew by 19.9% and 15.2% from a year earlier. The Bank of Korea lifts its growth forecast. The central bank held its benchmark interest rate unchanged at 1.25% and said it "forecasts a rate of GDP growth for this year higher than the April projection (2.6%)." Ethereum is sliding. The cryptocurrency trades down by 6.5% at $208 an ether after falling by 25% from Monday to Tuesday before stabilizing on Wednesday. Britain's financial regulator is paving the way to bring Saudi Aramco's IPO to London. The Financial Conduct Authority has proposed rules that would create a new category "within its premium listing regime" for sovereign-owned companies looking to go public. Daimler slides following excess-emissions report. Shares of Daimler slid by 2.5% amid early trade in Frankfurt, Germany, after the German newspaper Sueddeutsche Zeitung reported that authorities were investigating the possibility the automaker used illegal software to manipulate emissions tests in Mercedes-Benz vehicles from 2008 to 2016, Reuters says. Stock markets around the world are higher. Hong Kong's Hang Seng (+1.16%) hit a two-year high as it led the gains in Asia, and France's CAC (+0.57%) paces the advance in Europe. The S&P 500 is set to open up by 0.15% at 2,447. Earnings reports trickle out. Delta Air Lines reports ahead of the opening bell. US economic data remains light. Both initial claims and PPI will be released at 8:30 a.m. ET. The US 10-year yield is down by 1 basis point at 2.31%. www.businessinsider.com/opening-bell-july-13-2017-2017-7 |
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Post by huh on Jul 13, 2017 7:41:27 GMT -5
10 things in tech you need to know today 1. A new report says the iPhone 8 won't come with wireless charging at launch. One of the rumoured features of the new iPhone is that you won't need to plug it in to charge it — but it's sounding like Apple won't have that ready for launch. 2. A French court has ruled that Google doesn't have to pay €1.1 billion (£974 million) in back taxes. The French finance ministry said it was considering an appeal. 3. Microsoft announced that it's building a team of artificial intelligence experts. Microsoft Research AI is a "key strategic effort," the company said. 4. Apple is going to set up a data centre in China to meet strict new cybersecurity rules. It's partnering with a local company to make sure that Chinese user data is hosted inside the country. 5. The manufacturing arm of British luxury smartphone company Vertu is set to shut down. Vertu Corporation Limited will likely be liquidated, causing the loss of nearly 200 jobs. 6. The Nintendo Switch is finally getting video streaming services. The first third-party app headed to the Switch is a Japan-exclusive: NicoNico, a video streaming service that's very similar to YouTube. 7. Morgan Stanley analysts said that "bitcoin acceptance is virtually zero and shrinking." The research note published yesterday said that last year bitcoin was accepted at five of of the top 500 online merchants. Today, only three of the top 500 merchants accept bitcoin as a form of payment. 8. SoundCloud's CEO confirmed he's looking for more funding less than a week after cutting 40% of his workforce. Alex Ljung spoke at the Tech Open Air conference in Berlin yesterday. 9. UBS said that Wall Street might be underestimating the most important part of Netflix's business. Analysts said that investors may have underestimated Netflix's total number of subscribers. 10. Snapchat's next original show is about "ghosting" people you date. "Ghost Hunt" will star comedian Matteo Lane and will be produced by Elisabeth Murdoch's Vertical Networks. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-july-13-2017-7 |
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Post by Herceg on Jul 13, 2017 8:14:02 GMT -5
STX, AAOI, YNDX, DAL, TROW all of interest this morning.
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Post by Herceg on Jul 13, 2017 8:50:50 GMT -5
Is everyone still asleep?
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Post by huh on Jul 13, 2017 9:28:55 GMT -5
Is everyone still asleep? Yezzz |
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BigM
Full Member
Posts: 142
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Post by BigM on Jul 13, 2017 9:49:55 GMT -5
Evidently my strangle on GLD has stabilized the price of gold! I paid .44. It's worth .16 now. Just looking to break even now.
For the last 10 days GLD has been in a $2 range. Grrrrrrrr
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Post by walnut on Jul 13, 2017 10:11:26 GMT -5
I wanted to trade this morning but the range for vxx was so tight, and indicators not clear, just had to pass.
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Post by theMist on Jul 13, 2017 10:13:31 GMT -5
same here Walnut
Just taking some time off
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Post by Herceg on Jul 13, 2017 10:17:30 GMT -5
same here Walnut Just taking some time off I know both of you are VIX specialists...............however, do either of you look at the regular stocks? You both seem to have capital and they can be very rewarding if played correctly.............just thinking out loud.............The moves are usually good in either direction...............JMO and BOL...... |
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Post by Herceg on Jul 13, 2017 10:19:42 GMT -5
STX, AAOI, YNDX, DAL, TROW all of interest this morning. Mist & Walnut..............This is what I was referring to...........I think both of you could make a BOAT load.............again JMO and BOL....... YNDX - 09:51:38 Bought to Cover 200s @ $31.3144 - Total: $6,267.33 DAL - 09:35:02 Bought to Cover 200s @ $54.00 - Total: $10,804.45 DAL - 09:27:22 Sold Short 100s @ $54.40 - Total: $5,435.42 DAL - 09:27:22 Sold Short 100s @ $54.40 - Total: $5,439.87 YNDX - 08:51:15 Sold Short 50s @ $32.45 - Total: $1,622.46 YNDX - 08:51:07 Sold Short 50s @ $32.45 - Total: $1,618.02 YNDX - 08:33:20 Sold Short 100s @ $32.80 - Total: $3,275.47 ~$319............... |
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Post by walnut on Jul 13, 2017 10:23:33 GMT -5
I'll look all that over Herc
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Post by walnut on Jul 13, 2017 10:24:34 GMT -5
Evidently my strangle on GLD has stabilized the price of gold! I paid .44. It's worth .16 now. Just looking to break even now. For the last 10 days GLD has been in a $2 range. Grrrrrrrr Yeah I saw that trade has been going bad this week. that sucks. Maybe it will come back. |
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Post by theMist on Jul 13, 2017 10:51:27 GMT -5
With 9-10% contango VXX is headed down and markets UP
this is consolidation for move higher in markets -- target SP2468ish
Herc, you really have to do a lot of homework to play individual stocks. Far more than it takes to play the VIX SCAMs.
Look at Tesla as an example. TA was pointing to 400 and stopped just short of it and dropped like a brick with news release
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Post by theMist on Jul 13, 2017 11:00:02 GMT -5
S&P Daily Chart The way I see this playing out is S&P will hit new highs and hit the SP2468 large iH&S target then at some point markets will drop real hard to backtest yesterday's breakout (top green arrow) and will be similar to the last move/backtest (bottom green arrow) That will most likely be good for a 2 dollar rise (maybe more) in VXX when it does happen. VXX should make new all time lows again and most likely test 12 with this move higher in markets Once S&P hits the SP2468 target I would not be shorting VIX SCAMs and will look to put on long VXX position  |
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Post by walnut on Jul 13, 2017 11:08:25 GMT -5
We know VXX is not getting to the 11's without the normal drama.
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Post by theMist on Jul 13, 2017 11:17:45 GMT -5
We know VXX is not getting to the 11's without the normal drama. I think the real pullbacks are behind us in S&P We had 3 pullbacks down to low 2400 and now indicators are all bullish with more legs to run I think they save the BIG one for after SP hits 2468 target especially if S&P doesn't backtest yesterday's breakout before hits that target I don't expect it to backtest prior to hitting target so the drop will be all the more fast and hard I'm so curious to see where VXX will be trading when S&P hits that target I believe VXX will get to 12 and possibly 11.90 range |
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Post by walnut on Jul 13, 2017 11:20:43 GMT -5
Kind of what size pullback are you thinking for after 2468?
And yes, even the ES chart looks a lot better at the moment..
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Post by theMist on Jul 13, 2017 11:27:24 GMT -5
Kind of what size pullback are you thinking for after 2468? And yes, even the ES chart looks a lot better at the moment.. Depends on how long it takes to hit that target - i expect it to by next week some time So after that it will have to backtest that descending support (at minimum) - I'd say around low 2400 again (support line descends more with time) and now if that support were to break then easily mid 2300 and possibly low 2300 at that point the worm will have turned and we will be in a real correction and/or potentially a bear market I am also curious as to know what will be the catalyst -- failed tax reform? North Korea? For now, without a doubt in my mind, SP is headed for new all time highs and VXX all time lows |
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Post by walnut on Jul 13, 2017 11:40:38 GMT -5
VXX might very well be countertrending as SP gets that frothy again. If vix gets deep in the nines, and VXX gets a little below the daily BB, you gotta be wary. I think
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Post by theMist on Jul 13, 2017 11:49:54 GMT -5
So to hit SP2468 target, S&P has to rise another 20 pts
where will that put VXX? I'm not sure
Also, I view the target range as anywhere from SP2468-2500
The large iH&S target measures SP2468 and we also have an ascending triangle that depending on how you measure it
measures anywhere from SP2470s - SP2490s
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