TUESDAY 09/19

[huh]

10 things you need to know before the opening bell

The latest Republican Obamacare repeal is being pushed through the Senate at lightning speed. The Graham-Cassidy-Heller-Johnson (GCHJ) bill is being pushed through the Senate because the Republicans' ability to use the process known as budget reconciliation expires at the end of the month.

The Fed kicks off its two-day meeting. Expectations for a rate hike are almost zero as the Fed is expected to announce its plan for unwinding its massive balance sheet at the meeting's conclusion on Wednesday.

Germany's economic outlook improves. The ZEW Indicator of Economic Sentiment for Germany climbed 7 points to 17 in September as worries about the euro's recent strength have "faded into the background,” according to ZEW President Professor Achim Wambach.

Retail investors have never been this bullish. The preliminary University of Michigan survey of consumer sentiment for September showed the mean expected probability that stocks would climb over the next year hit a record 65%.

Hackers targeted Equifax months before the massive data breach. Equifax systems were compromised months before the credit-reporting agency publicly announced a data breach that potentially exposed the personal financial data of 143 million Americans, Bloomberg says, citing people familiar with the matter.

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Toys R US files for bankruptcy. The toy retailer filed for Chapter 11 bankruptcy on Monday, a result of online competition and a huge debt load.

Deutsche Bank's CEO faces its board. CEO John Cryan wraps up his meeting with the company's board of directors on Tuesday amid growing frustration over his turnaround plan, Reuters says.

Stock markets around the world are mostly higher. Japan's Nikkei (+1.96%) led the gains in Asia and Britain's FTSE (+0.34%) paces the advance in Europe. The S&P 500 is set to open higher by 0.11% near 2,507.

Earnings reports trickle out. Adobe Systems, Bed Bath & Beyond, and FedEx all report after markets close.

US economic data flows. Housing starts and building permits will both be released at 8:30 a.m. ET. The US 10-year yield is down 1 basis point at 2.22%.

www.businessinsider.com/opening-bell-september-19-2017-2017-9

[huh]

10 things in tech you need to know today

1. Hackers breached Equifax not once but twice, with the firm learning about a major breach in March, before the second, massive hack which compromised customers' financial details. Equifax never disclosed the first hack, and it isn't clear whether any personal details were leaked.

2. Apple's iOS 11 update for the iPhone and iPad is out. New features include a Files app, extra photo filters, and a customisable Control Center.

3. Anyone who downloaded CCleaner between mid-August and mid-September probably got an unexpected extra — malware. Hackers hijacked the popular PC cleanup tool to distribute a trojan, affecting almost 3 million users.

4. Facebook is reportedly 'silencing' persecuted Rohingya activists in Burma, removing posts which document the ethnic cleansing currently underway. They told the Daily Beast their accounts are often suspended or posts are taken down.

5. Uber is suing an ad agency for alleged click fraud. The firm has filed a lawsuit alleging that Fetch, owned by Japan's Dentsu Aegis group, claimed credit for app downloads it had nothing to do with.

6. Chipmaker Intel said it's been working with Google's Waymo on self-driving cars since 2009. CEO Brian Krzanich revealed the firm supplied chips, field programmable gate arrays for machine vision, and gigabit ethernet for the autonomous vehicles.

7. Amazon's algorithms reportedly suggest customers buy dangerous groupings of products which could create explosives. If you buy certain chemicals, Amazon's suggested products algorithm encourages you to buy other products that would make a deadly combination.

8. Samsung is rolling out an update that will finally let owners of the latest Galaxy phones disable the dedicated button for Bixby, the Korean firm's virtual assistant. People still won't be able to map a new function to the button though.

9. Apple's new A11 chip, which powers the iPhone X, iPhone 8, and iPhone 8 Plus, is more powerful than 2017's MacBook Pro models. The phones are all considerably faster than any competition out there at the moment.

10. Google is trying to avoid another massive EU fine, by offering to show rivals' shopping sites via an auction in its search results. But EU regulators dismissed Google's suggestions as inadequate, according to Reuters.

www.businessinsider.com/10-things-in-tech-you-need-to-know-today-september-19-2017-9

[Herceg]

Powerful words...............basically we will take out NK................not sure how this ends...........

[walnut]

Seems like Trump is preparing the world for it

[Herceg]

This is the first time in many years that I do not hear our President apologizing for the U.S. or appeasing other nations............

[lasvegas77]

reshorted tvix at 12.49

[walnut]

I may be selling some tvix

[lasvegas77]

I was trying to short it when it was 12.57 and had an order limit below the price but it didn't fill
i had to keep lowering the price. Not sure what happened.

[walnut]

gentle upward tvix trend is the problem for a day trade right now. By the time it gives a real sell signal, it whipsaws right back up.

[walnut]

Sept 19, 2017 13:13:18 GMT -5 lasvegas77 said:

I was trying to short it when it was 12.57 and had an order limit below the price but it didn't fill
i had to keep lowering the price. Not sure what happened.

That would piss me off. The days range is only about twice that difference.

[lasvegas77]

If this fed meeting is like all the others, we should see some real liquidity coming in over the next day and a half helping push tvix down. Even though they are expected to end reinvestments of their purchases, they don't want to get the blame for a stock plunge so they will have to add more liquidity at least while they are doing their shenanigans.

[lasvegas77]

Yeah, it was really upsetting. Im wondering if it had something to do with the uptick rule or was Fidelity messing with me?

[walnut]

You might ought to call them, at least you might learn something.

[walnut]

Not selling tvix, still not looking right yet (for day trade).

[lasvegas77]

Sept 19, 2017 13:23:29 GMT -5 walnut said:

You might ought to call them, at least you might learn something.

I called them up and they showed me how to look at time and price in the past. The guy on the phone likely didn't realize i was shorting so after i looked it up myself i can see that they definitely didn't fill my order that should have taken.

[walnut]

I really like IB. Mist found their commissions too high for his frequent trading style but might work for you.

[lasvegas77]

Sept 19, 2017 14:02:51 GMT -5 walnut said:

I really like IB. Mist found their commissions too high for his frequent trading style but might work for you.

Im thinking that it didn't go through because they have to have a human trader handle the order for over 10k shares possibly. Usually it works almost instantly but not today. Perhaps there just wasn't any volume.

[lasvegas77]

How often do you get to cover your short and then re-short at a higher price?

[lasvegas77]

The contango has been steadily improving. Anyone that shorted after the government shutdown threat left has made some real money.

[walnut]

Sept 19, 2017 14:29:57 GMT -5 lasvegas77 said:

How often do you get to cover your short and then re-short at a higher price?

I don't think there is any limitation at all, I've had days where I trade many times and I don't think that ever came up