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Post by huh on Jul 18, 2017 7:48:24 GMT -5
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, NFLX, C) The US dollar sinks to its lowest level since September. The greenback trades down 0.5% at 94.66 as it loses ground versus all of its major peers aside from the British pound. It has fallen by 8.7% from its multiyear high reached January 3. Beijing's home prices fell for the first time in over 2 years. Home prices in Beijing fell 0.4% in June, making for the first decline since February 2015. Smaller cities continued to see gains. UK CPI eases off its post-Brexit high. Consumer prices in the United Kingdom rose by 2.6% year-over-year in June, down from their 2.9% advance in May. Australia's central bank is becoming more confident. Minutes released from the Reserve Bank of Australia's July meeting suggest the central bank has become more upbeat on the Australian economy and labor market. Netflix soars past growth targets. Netflix added 5.2 million subscribers worldwide, easily beating its forecast of 3.2 million new subscribers. Shares spiked by 8% following the results, hitting a record high. Citi picks a post-Brexit European hub. The bank will set up a "major new trading operation" in Frankfurt, Germany, according to Sky News. Tesla adds 2 board members. James Murdoch, the CEO of 21st Century Fox, and Linda Johnson Rice, the chairman and CEO of Johnson Publishing Company, are the newest members of Tesla's board of directors. Stock markets around the world are mixed. China's Shanghai Composite (+0.35%) led the overnight gains, while Germany's DAX (-0.56%) trails in Europe. The S&P 500 is set to open up 0.11% near 2,462. Earnings reporting picks up. Bank of America, Goldman Sachs, Harley-Davidson, and Lockheed Martin are among the names releasing their quarterly results ahead of the opening bell, while IBM and United Continental report after markets close. Economic data is light. The NAHB Housing Market Index will be released at 10 a.m. ET. The US 10-year yield is down by 1 basis point at 2.30%. markets.businessinsider.com/news/stocks/opening-bell-july-18-2017-2017-7-1002182398
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Post by huh on Jul 18, 2017 7:49:04 GMT -5
10 things in tech you need to know today 1. Netflix crushed its growth targets, adding more than 5 million new subscribers for its second quarter. Revenue and earnings per share were in line with analyst guidance, and the results sent the firm's stock up 8%. 2. Investor and startup platform AngelList has suspended an employee, Lee Jacobs, as it investigates allegations of assault. According to TechCrunch, Jacob allegedly assaulted a woman at an event in 2013. 3. A security flaw in MySpace meant that someone could hack into an account knowing just the user's real name, user name, and birthdate. It isn't clear if any MySpace accounts were affected by the vulnerability. 4. Google's troubled high-speed broadband business, Google Fiber, is losing its new chief executive just five months after he joined. Gregory McCray was hired to head up Access, the Google division which includes Fiber, and it's not clear why he's left. 5. Uber's global retreat continues after it pulled out of China-controlled Macau. The company said it couldn't "secure" the right business environment, and leaves after less than two years in the market. 6. Amazon registered a trademark application for "prepared food kits", suggesting the firm's about to take on the likes of Blue Apron in meal kits. Blue Apron's stock sank 11% on the news. 7. Internet archivists are trying to download the bulk of files stored on SoundCloud in case the streaming service shuts down after job losses. One Redditor claimed he had downloaded 900TB of SoundCloud files. 8. Hackers reportedly stole $8 million in the cryptocurrency Ethereum during a disastrous initial coin offering. Coindash had to warn investors their funds had been stolen minutes after it began raising. 9. Hand-tracking firm Leap Motion has raised $50 million (£38 million) in Series C funding to expand its human-computer interaction technology. The firm will expand into different sectors and open a new office in Shanghai. 10. The entire board of Hampton Creek, a Silicon Valley startup famous for making egg-less mayonnaise, has quit except the CEO, Josh Tetrick. The outgoing board members reportedly left because of conflicts with Tetrick. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-july-18-2017-7
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Post by theMist on Jul 18, 2017 8:05:40 GMT -5
VXX up in premarket and should close morning gap to 11.70
S&P still not at target range SP2468-2490ish
VXX 11.84 in premarket
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Post by ipath on Jul 18, 2017 8:13:50 GMT -5
oil may save the markets again today
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Post by theMist on Jul 18, 2017 8:25:44 GMT -5
Huh - any thoughts? S&P Hourly Chart Also, on S&P Futures Hourly - have a small H&S that could take S&P down to SP2448ish (on futures)
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Post by theMist on Jul 18, 2017 8:35:55 GMT -5
VXX just filled the gap down from yesterday to 11.93
VXX daily lower BB currently 11.72
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Post by huh on Jul 18, 2017 8:50:16 GMT -5
Lots of 'em, but not that they'll likely matter much. I'm seeing potential at least for H&S head tests in XLF, S&P, NAZ & IYT (I'm not seeing the same pattern in DJI or IWM) AAPL may have already completed it's head test, but it only got as high as a 61.8% retracement from the head. And, with the exception of the S&P's p/e run up in the tech bubble, it has never been valued higher. Ever. But like I said, it likely doesn't really matter much because it hasn't mattered. As expected, the major banks have begun their pullbacks, yet XLF has remained basically flat, and the bank bearish ETFs have dropped anyway. With VIX, even when spot has been positive lately, its futures and the VIX scams have still gotten killed. There's no fear in this market.
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Post by Herceg on Jul 18, 2017 8:52:57 GMT -5
Good day with NFLX and HOG...................NFLX way overvalued IMO...................BOL to all.............
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Post by clinton on Jul 18, 2017 8:55:19 GMT -5
not buying anything today this market gonna flush
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Post by clinton on Jul 18, 2017 8:55:46 GMT -5
200ma on 10min SPY looks like a giant magnet
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Post by theMist on Jul 18, 2017 9:54:17 GMT -5
S&P futures just hit 2448 target
S&P (cash charts) hitting support
Markets should bounce now
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Post by theMist on Jul 18, 2017 10:31:24 GMT -5
Markets still want SP2468-2490ish IMO
Also, VXX should put in a slightly green close today -- it is overdue
VXX going flat -- lower BB on daily chart at 11.70 Yesterday's candle was completely outside lower BB and a spike can still happen in short term
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Post by theMist on Jul 18, 2017 11:02:45 GMT -5
VXX Daily Chart No its not theMist's new car (low rider with low profile tires) lol Still have to be careful with VXX Yesterday's candle was completely outside lower BB And even though today it is back within it -- it can spike hard any day I've been fooled by this move before where VXX flashes all is okay and is back within BBs only to spike hard See today and yesterday's action in lower circle and compare to other circled area from back in March DI indicator: Also, its interesting to see that DI lines crossed bearish yesterday and then crossed bullish today
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Post by ipath on Jul 18, 2017 11:27:11 GMT -5
lol it does look like a cool car
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Post by theMist on Jul 18, 2017 11:27:29 GMT -5
I'm going to start taking stab at going long VXX
bought 15k 11.71 and may add
20k shares VXX at 11.71 now
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Post by theMist on Jul 18, 2017 11:37:18 GMT -5
S&P Daily Chart Remember S&P has a date with that descending support line (green arrow) - just a question of when The higher S&P rises the bigger the fall to backtest it Also, not shown S&P 4HR chart -- put in red hollow candle NOTE: It is possible that S&P 2464ish was good enough to satisfy the large IH&S target...time will tell and even Jim is conflicted since how you draw your lines can make all the difference Also, the second small iH&S target was already met with hitting SP2464ish IMO: This market has shown several signs of irrational exuberance and if you are caught long when they hit the SELL button it could undo months worth of gains real fast So we need to be cautious and open minded
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Post by theMist on Jul 18, 2017 11:47:41 GMT -5
When the market finally realizes that gridlock in Washington will rule the day and Tax reform will be watered down OR never passed they will hit the SELL button so hard that you will see the mushroom cloud from Saturn lol
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Post by ipath on Jul 18, 2017 11:51:57 GMT -5
I'm going to start taking stab at going long VXX bought 15k 11.71 and may add 20k shares VXX at 11.71 now Welcome to the club.. Put your low-rider into manual mode, its going up the hill
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Post by theMist on Jul 18, 2017 11:55:05 GMT -5
lol iPath
Trump on CNBC right now venting his frustration lol
How come I have a feeling that the media, Obama, Hillary, along with a lot of other politicians will be laughing real hard in the end
Also, I remember when Trump was running for President how he said the stock market is one big fat bubble lol And he critized and made fun of Central Bankers -- the last thing you want to do is piss off the elite Banksters
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Post by ipath on Jul 18, 2017 12:54:30 GMT -5
Comon Mist, last time you asked them to fly, they flew
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