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Post by huh on Aug 23, 2017 6:52:59 GMT -5
10 things you need to know before the opening bell Trump threatens to shut down the government over border-wall funding. "The obstructionist Democrats would like us not to do it, but believe me, if we have to close down our government, we're building that wall," President Donald Trump said Wednesday at a rally in Arizona. UK business confidence is falling ahead of Brexit. A survey of 601 businesses conducted by the Recruitment and Employment Confederation found 31% of employers expected the UK economy to worsen, compared with 28% expecting it to improve. A typhoon shut down markets in Hong Kong. Hong Kong's stock exchange was closed Wednesday as Typhoon Hato caused authorities to raise the storm warning to its highest level for the first time in five years. Google and Walmart are joining forces to take on Amazon. Starting in September, Google's e-commerce platform, Google Express, will count Walmart among its list of vendors. Apple scales back its car ambitions. Apple has all but abandoned its plan to build a car in its own factories and is shifting focus to building self-driving systems for other vehicles, according to The New York Times' Daisuke Wakabayashi. Herbalife has a plan that could squeeze Bill Ackman. The multilevel marketer has decided to execute a "modified Dutch auction" through which it plans to buy back $600 million worth of stock at $60 to $68 a share. Salesforce beats on the top and bottom lines. The application-software provider earned an adjusted $0.33 a share on revenue of $2.56 billion in the second quarter and guided both third-quarter numbers ahead of Wall Street estimates. Stock markets around the world are mixed. Japan's Nikkei (+0.26%) led the gains in Asia, and France's CAC (-0.09%) slips in Europe. The S&P 500 is set to open down 0.24% near 2,447. Earnings reports trickle out. American Eagle and Lowe's report ahead of the opening bell, while HP releases its quarterly results after markets close. US economic data flows. Markit US manufacturing and services PMIs will be released at 9:45 a.m. ET, and new-home sales will cross the wires at 10 a.m. ET. The US 10-year yield is up 1 basis point at 2.22%. www.businessinsider.com/opening-bell-august-23-2017-2017-8 |
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Post by huh on Aug 23, 2017 6:53:35 GMT -5
10 things in tech you need to know today 1. Apple reportedly scaled back its car project as the company was unsure what exactly an "Apple Car" should be. The team is now reportedly working to test its self-driving technology on existing vehicles. 2. Popular weather app AccuWeather reportedly sent its users' location data to a monetization firm. The app seemingly continued to gather information even when permission to access a user's location was denied. 3. Popular Chinese drone maker DJI will soon roll out a mandatory update to maximize flight safety of its Spark drone. The company announced that users unwilling to update the device will have their Spark grounded. 4. Google is reportedly working on a pair of Bluetooth headphones. The headphones, codenamed "Bisto," should come integrated with the company's digital helper, Google Assistant, which would be triggered with a dedicated physical button. 5. Uber is adding a series of new features that will help drivers better work on their own terms. Drivers will be able to set an arrival time to better calculate how much time they have to drive people around before heading off elsewhere. 6. Microsoft is discontinuing GigJam, a work-sharing app it first announced two years ago. The app never became officially, fully available, but the company is shutting down the preview version it released. 7. Facebook is losing teenagers to both Instagram and Snapchat. A study by eMarketer showed how, with people aged between 12 and 17, Facebook is experiencing an accelerated decline in user growth, whereas both Instagram and Snapchat are growing their userbase at an increasingly faster pace. 8. Nintendo's mini SNES sold out its pre-orders on both Amazon and Best Buy within minutes. The company's new edition of the classic Super Nintendo, coming out September 29, will cost just $80 (£62), and also be available from GameStop, Toys R' Us, and Walmart. 9. A promotional video from Intel seemingly showed what seems to be a Surface Book in black. Microsoft doesn't offer the device in any colour other than silver, so the one seen in the video could either be just a render, or a peek at a refreshed model, expected to be unveiled later this year. 10. The solar eclipse caused a 10% drop in Netflix viewing. The company announced the news itself on Twitter, where it said: "Really, there was a 10% drop in plays during the eclipse today. Well played, Moon." www.businessinsider.com/10-things-in-tech-you-need-to-know-today-august-23-2017-8 |
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Post by theMist on Aug 23, 2017 7:10:13 GMT -5
VXX reverse split 1:4
trading at 12.04-12.05 (pre split) in premarket
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Post by huh on Aug 23, 2017 7:13:17 GMT -5
I'm surprised futures are as weak as they are (ES -8.75). I didn't see anything in yesterday's move that signaled a pullback this morning. Indices didn't even peak at a resistance yesterday. If market does turn back up today, and it likely will, keep an eye out on those upside gap fills. Market could turn hard if/when those get tagged, even if filled early/midday. I believe this move is only a technical move to fill those upside gaps: NDX 5912-5918 AAPL 160.95 SPX 2466-2468 XLF 25.05 After this move, I expect to see S&P 2350's |
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Post by walnut on Aug 23, 2017 7:46:40 GMT -5
So, pres. Trump hinted that he would shut down the gov't if the wall is not funded? That caused some nervousness this morning?
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Post by huh on Aug 23, 2017 7:50:57 GMT -5
...If market does turn back up today, and it likely will... Maybe? After yesterday's action I figured markets would be strong this morning |
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Post by theMist on Aug 23, 2017 7:52:55 GMT -5
shorting some VXX in premarket
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Post by theMist on Aug 23, 2017 7:58:09 GMT -5
Just saw an article -- China demanding that US immediately withdraw N. Korea sanctions
Washington Post
CNBC also playing clip from Trump's speech yesterday - 'we will build that wall even if
we have to shutdown our government' lol
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Post by Herceg on Aug 23, 2017 8:12:30 GMT -5
Just saw an article -- China demanding that US immediately withdraw N. Korea sanctions Washington Post CNBC also playing clip from Trump's speech yesterday - 'we will build that wall even if we have to shutdown our government' lol As far as I'm concerned China can "F" themselves..................IMO we have been their servants far too long.............of course due to our corporate greed and moving work over there to make larger profits here for shareholders............. |
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Post by huh on Aug 23, 2017 8:19:56 GMT -5
Perhaps see a good ole fashion whipsaw Wednesday? Haven't seen one of those in a long while
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Post by theMist on Aug 23, 2017 8:27:48 GMT -5
VXX trading at 12.30ish pre-split in premarket TVIX looks like it wants 18.28 area before dropping back  VXX 49.30 |
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Post by lasvegas77 on Aug 23, 2017 8:39:48 GMT -5
that was a scary open! But looks like jackson hole will help save this market.
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Post by lasvegas77 on Aug 23, 2017 8:45:33 GMT -5
By the way, I actually did go to Jackson hole on my road trip. I have some interesting findings. You know how the media keep saying the fed are meeting in Jackson hole? It's actually not true. They meet in the Grand Tetons National Park at the Jackson Lake Lodge. It's not that close to Jackson Hole in reality. In fact, i found old pictures of Yellen and Draghi standing in the lobby and outside where the main viewing area is to look at the Tetons. My brother and I recreated some old bernake and Yellen pictures we parodied while we were there. We also made a video talking about how the media keep telling everyone a lie about Jackson hole. haha. I might eventually post some pics.
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Post by theMist on Aug 23, 2017 8:47:06 GMT -5
VXX 12 is 48 now VXX 11.58 is 46.32 that would cover red hollow candle VXX should get back under 48 soon VXX 20dsma at 47.74 looks like I have a 48.50ish avg VXX 48.60 |
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Post by theMist on Aug 23, 2017 8:56:12 GMT -5
VXX Daily Chart Looking for a large engulfing RED candle on VXX Indicators (MACD,MACD Histogram) ticking down Bottom of RED hollow candle @ 46.32 and has to cover it at some point  |
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Post by walnut on Aug 23, 2017 9:06:49 GMT -5
VXX 12 is 48 now VXX 11.58 is 46.32 that would cover red hollow candle VXX should get back under 48 soon VXX 20dsma at 47.74 looks like I have a 48.50ish avg VXX 48.60 Hard to recalibrate the brain for post split, isn't it? May take a day or two. |
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Post by theMist on Aug 23, 2017 9:06:56 GMT -5
Constant Trump drama on news -- it doesn't stop
government shutdown
end NAFTA
tweets...
BTW - with those terrible housing numbers I don't think FED is going to be able to raise rates
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Post by lasvegas77 on Aug 23, 2017 9:50:43 GMT -5
Added another 571 to my tvix short at 17.46.
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Post by theMist on Aug 23, 2017 9:56:37 GMT -5
I covered my VXX short yesterday @ 11.89 and watched it hit 11.60 range in AH and was kicking myself
but wasn't going to hold overnight regardless and wanted to trade today
And today shorted into VXX spike and see it as a gift -- just need to be patient
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Post by walnut on Aug 23, 2017 10:05:06 GMT -5
I covered my VXX short yesterday @ 11.89 and watched it hit 11.60 range in AH and was kicking myself but wasn't going to hold overnight regardless and wanted to trade today And today shorted into VXX spike and see it as a gift -- just need to be patient Hope you are right I have reshorted some tvix 17.57 average |
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