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Post by huh on Jul 20, 2017 7:46:13 GMT -5
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, WFM, AXP, QCOM) The Bank of Japan upgrades its growth forecast. Japan's central bank kept policy on hold and said it expected growth of 1.8% this year, up from its previous forecast of 1.6% growth. The European Central Bank meets. Expectations are for the central bank to remain on hold and give clues as to when it will begin tapering its asset-purchase program. Australia's jobs report misses. The Australian economy added 14,000 jobs in June, a bit below the 15,000 that economists were expecting. Goldman Sachs says bitcoin will test $3,000. In a recent note to clients, Sheba Jafari, the head of technical strategy at the bank, said bitcoin would test its all-time high near $3,000 a coin and could get to almost $3,700. Jana Partners is cashing out its Whole Foods bet. The activist hedge fund has exited its stake in Whole Foods with a $300 million profit. American Express' profit tumbles. The credit-card company said profit fell 33% versus a year ago, hurt by an increase in customer rewards. Qualcomm's profit slumps amid legal battle with Apple. Quarterly profit tumbled by 40% year-over-year as Apple contractors didn't pay royalties because of the ongoing legal battle between the two companies. Stock markets around the world are higher. Australia's ASX (+0.85%) led the overnight gains, and Britain's FTSE (+0.61%) is out front in Europe. The S&P 500 is on track to open little changed near 2,475. Earnings reporting picks up. Athenahealth, eBay, Microsoft, and Visa all report after markets close. US economic data trickles out. Initial claims and the Philly Fed will be released at 8:30 a.m. ET. The US 10-year yield is unchanged at 2.27%. markets.businessinsider.com/news/stocks/opening-bell-july-20-2017-2017-7-1002190374
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Post by huh on Jul 20, 2017 7:46:59 GMT -5
10 things in tech you need to know today 1. Former Yahoo boss Marissa Mayer has said she still wants to be a CEO — but Uber hasn't called yet. Mayer is rumoured to be on a list of candidates that could replace Uber's chief executive Travis Kalanick after he stepped down. 2. Intel has laid off its entire wearables division, which made its Basis smartwatch. The company is now focusing on augmented reality, according to CNBC. 3. Microsoft has built a smart thermostat called GLAS which is powered by its smart assistant, Cortana. The thermostat may be more of a concept to show off Cortana's integration into home appliances. 4. Hackers have run off with millions of dollars' worth of the cryptocurrency Ethereum for the second time in a week. Hackers made off with $32 million due a "critical" vulnerability in a client for the virtual currency, according to Motherboard. 5. Apple is giving its machine learning academics the opportunity to show off their research in a new online 'journal'. The company has launched a machine learning blog which will show how the company uses the technology. 6. Softbank announced almost $500 million of investment in Silicon Valley and San Francisco startups. The company led a $200 million round into farm startup Plenty, an $159 million round into self-driving car startup Nauto, and an $114 million round into robotics startup Brain Corp. 7. Reggaeton-pop single "Despacito" has become the most streamed record of all time, after Justin Bieber released a remixed version with original artists Luis Fonsi and rapper Daddy Yankee. The single netted 4.6 billion plays in six months. 8. Google is launching its own take on the Google news feed, with a personalised feed of content inside the Google app for Android and iPhone. It's essentially an upgraded version of Google Now, which showed personalised 'cards'. 9. Apple is trying for a fashion audience with a $600 pair of Beats headphones designed with fashion house Balmain. The headphones come in two colours — the pinkish-gold "Safari" and khaki. 10. Qualcomm's profits slumped 40% as its escalating patent battle with Apple takes a toll. The company blamed delays in payments from Apple's contract manufacturers for the hit to its bottom line. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-july-20-2017-7
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Post by huh on Jul 20, 2017 7:56:27 GMT -5
Now all bears need to see (and I stress "all") is SPX & NDX to lose their previous highs. If they do, that would complete a higher high head test of their H&S', and set-up downside targets of 2359 & 5283, respectively
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Post by theMist on Jul 20, 2017 7:58:41 GMT -5
Now all bears need to see (and I stress "all") is SPX & NDX to lose their previous highs. If they do, that would complete a higher high head test of their H&S', and set-up downside targets of 2359 & 5283, respectively So lose SP2353 then look out below?
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Post by walnut on Jul 20, 2017 7:59:45 GMT -5
VXX expected drop rate 1/2% a day. It is expensive to hedge with vix futures.
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Post by huh on Jul 20, 2017 8:00:32 GMT -5
Now all bears need to see (and I stress "all") is SPX & NDX to lose their previous highs. If they do, that would complete a higher high head test of their H&S', and set-up downside targets of 2359 & 5283, respectively So lose SP2353 then look out below? Lose 2353 and yes, definitely look out below!!! lol But yeah, 2453 pretty bad too.
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Post by theMist on Jul 20, 2017 8:01:52 GMT -5
S&P Hourly Futures Hit iH&S target and should drop back to 2460 at some point Nasdaq at 9 day winning streak (longest in 2 years)
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Post by theMist on Jul 20, 2017 8:06:46 GMT -5
S&P Daily Chart Day 7 of this gap up and vertical rise to new highs
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Post by theMist on Jul 20, 2017 8:08:03 GMT -5
VXX Daily Chart Incredible - that's all I have to say
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Post by theMist on Jul 20, 2017 8:10:55 GMT -5
spot VIX Daily Chart 6th straight day below 10 -- not sure but I think that's also a record
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Post by walnut on Jul 20, 2017 8:19:34 GMT -5
Feeling inclined to buy more VXX
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Post by theMist on Jul 20, 2017 8:32:06 GMT -5
This is the 3rd gap up for this vertical rise If today's gap is closed and it should - could signal exhaustion gap and reversal
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Post by theMist on Jul 20, 2017 8:41:04 GMT -5
FLY MY BABIES!! FLY!! VXX 11.37
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Post by theMist on Jul 20, 2017 8:49:16 GMT -5
Honestly, its going to take more time for a real nice selloff
next week there's a lot going on
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Post by walnut on Jul 20, 2017 8:54:03 GMT -5
It's really hard to know when it will happen. At least the momentum has slowed for now.
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Post by Herceg on Jul 20, 2017 9:10:50 GMT -5
It's the typical slow grind up during earnings..............very frustrating because the Mkt. seems to shrug off a lot of stuff during this time period........JMO and BOL......
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Post by walnut on Jul 20, 2017 9:19:18 GMT -5
Is that a red candle??
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Post by theMist on Jul 20, 2017 9:23:16 GMT -5
lol - I know its like a joke at this point
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Post by theMist on Jul 20, 2017 9:32:16 GMT -5
Wow! I stepped away and VXX went green lol
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Post by clinton on Jul 20, 2017 9:38:26 GMT -5
using a little logic here
employment higher than ever
most employees have 401kS now that buy stocks
wall st bonuses more in stocks now
with record number of employed, lots of payroll money going into the market EVERY WEEK
this market could stay bullish until massive layoffs happen.
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