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Post by clinton on Aug 25, 2014 7:08:23 GMT -5
Frontrunning: August 25 Submitted by Tyler Durden on 08/25/2014 - 07:37 Jackson Hole Theme: Labor Markets Can’t Take Higher Rates (BBG), or anything else for that matter Kidnappers free American missing in Syria since 2012 (Reuters) More unpatriots: Burger King in merger talks with Canada's Tim Hortons (Reuters) California Quake to Cost Insurers Up to $1 Billion, Eqecat Says (BBG) Congo declares Ebola outbreak in northern Equateur province (Reuters) Missouri Governor Defends Ferguson Prosecutor (BBG) Kuroda Douses Japan Stimulus Expectations (WSJ) London Jihadi Call Vies With Banks in Canary Wharf Shadow (BBG) Netanyahu Signals Expansion of Air Attacks in Gaza (WSJ) Libya's Islamist Militias Claim Control of Tripoli (WSJ)
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Post by clinton on Aug 25, 2014 7:09:02 GMT -5
10 Things You Need To Know Before The Opening Bell ROB WILE AUG. 25, 2014, 7:00 AM 1,038 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL st. julian pole festival REUTERS/Darrin Zammit Lupi A man slips off the "gostra," a pole covered in grease, during the week-long celebrations for the religious feast of St Julian, patron of the town of St Julian's, outside Valletta on Sunday. Good morning! Here's what you need to know. 1) French Government Resigns. Things haven't been going so great in the Hexagon economically of late, and now France's governing coalition has resigned after the country's economic minister criticized his growth policies. Arnaud Montebourg called out "the economic failure everywhere in the eurozone, and thus France," especially the "obsession" with austerity. "The role of the economic minister, or many state official," he added, "is to confront the truth, however cruel, and propose alternative solutions." 2) Burger King Moving To Canada? The home of the Whopper may be moving to Canada, as The Wall Street Journal reported Burger King was in talks to buy mega donut chain Tim Hortons as part of a "tax inversion" scheme. If consummated, the deal would create the world's third-largest fast-food enterprise. 3) Roche Deal. The Swiss drugmaker announced Sunday it would pay $8.3 billion for California biotech InterMune Inc., which specializes in respiratory disorder treatments. “It is a good use of cash in our view,” said analysts at Bryan, Garnier & Co. in a note reviewing the deal, according to Marketwatch. 4) German Business Confidence Collapses. The Ifo Institute's survey of 7,000 companies fell to the lowest level in 13 months. The index hit 106.3, down from 108.0 in July and worse than the 107.0 reading forecast. It was the fourth straight decline. 6) Euro Sinks. In the wake of what some analysts believe were more hawkish signals out of the Fed at its Jackson Hole summit last week, and more dovish signals from the ECB, the euro fell 0.3% against the dollar Monday and has begun approaching an annual low. The dollar also gained 0.2% on the Swiss franc. 7) Hong Kong Stocks Hit A High. The city's Hang Seng index closed up 0.2% to 25,166 points, the best level since May 2008, even as protests for universal suffrage continue to grip the territory. China recently allowed cross-border trading in stocks, which may be sparking a flood of previously allowed Chinese cash into the index, the FT said. 8) Data. At 8:30 a.m. we get the Chicago Fed's National Activity index, followed by a "flash" reading for U.S. services PMI at 9:45 a.m. At 10 a.m. the Census will give us new home sales data, and at 10:30 a.m. we get the Dallas Fed's manufacturing survey. 9) Civil War In Libya. The New York Times' David Kilpatrick says conflict between Islamist militants and former Moammar Gadhafi loyalists has reached the point of civil war. "In an alarming turn for the West, the rush toward war is also lifting the fortunes of the Islamist extremists of Ansar al-Shariah, the Benghazi militant group. It has gained ground because other militias and factions are building new alliances with its fighters against common enemies. The United Nations, the United States and the other Western powers have withdrawn their diplomats and closed their missions. 'We cannot care more than you do,' the British ambassador, Michael Aron, wrote in a Twitter message to a Libyan pleading for international help. (The United Nations is sending a special envoy, Bernardino León, to try to arrange a truce.)." Brent crude was trading up 0.25%. 10) Markets. European stocks climbed as markets digested dovish signals from ECB chief Mario Draghi. Germany's DAX was up 1%, while France's CAC climbed 0.8%. Asian indexes were more mixed, with Japan's Nikkei up 0.4% and Indian stocks reaching a fresh intraday high but Shanghai stocks off 0.5%. U.S. futures were higher, with Dow futures up 46 points. Read more: www.businessinsider.com/opening-bell-august-25-2014-8#ixzz3BPAiOLBx
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Post by clinton on Aug 25, 2014 7:10:48 GMT -5
10 Things In Tech You Need To Know Today ALYSON SHONTELL AUG. 25, 2014, 7:10 AM 309 FACEBOOK LINKEDIN TWITTER GOOGLE+ PRINT EMAIL Today’s “10 Things In Tech” is sponsored by ” align=“center” style= ubeam all things d Asa Mathat | D: All Things Digital UBeam co-founders Meredith Perry and Nora Dweck. Good morning! Here's the news: 1. The strongest earthquake in 25 years struck California's Napa region early Sunday morning. There were no reported deaths but there were more than 100 injuries and about 69,000 people lost power. Fitness tracker Jawbone put together a cool chart of sleep patterns that were disrupted when the earthquake hit at 3:20 AM. 2. There are new leaked images of what could be Apple's next iPhone. The images show a device next to the iPhone 5s and the screen looks noticeably larger. 3. LG will reveal its classic-looking, circular LG G Watch R smart watch next week. You can watch the teaser video now. 4. A device that seems a lot like a beeper, OnBeep, just raised $6.25 million. It's a piece of clip-on hardware that sends a group of people a notification at once. 5. An investor says the secret to being a good VC isn't work experience or education. It's curiosity. SPONSOR CONTENT BY Olapic 1.8 billion photos will be shared per day in 2014, up from 500 million per day in 2013. What's your visual commerce strategy? Download Olapic's new whitepaper and learn how to put compelling visual content to work for your brand. 6. There's an article in defense of rich tech people at Burning Man, the favorite 70,000-person desert festival that's going on this week. A lot of people have complained that the tech elite have "gentrified" the event by spending tons of money to live comfortably at Burning Man while others sweat it out. 7. Two New Yorkers took out a full-page ad in Palo Alto Daily to ask for more Tesla features and Elon Musk responded. "Many of the suggestions will be implemented soon," Musk tweeted. 8. A Sony executive's plane was diverted after hackers sent a phony bomb threat on Twitter to American Airlines. The target was John Smedley, the president of Sony Online Entertainment, and the hacker group has gone after Sony before. 9. Microsoft has nearly $93 billion in overseas cash, and it has reduced its tax bill by almost $30 billion, according to a regulatory filing. 10. There's another co-founder lawsuit being reported at a hot tech startup. uBeam, which was co-founded by two college roommates, raised more than $1 million from people like Marissa Mayer. But one founder promptly sued the other for millions of dollars and a boatload of equity. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-today-august-25-2014-8#ixzz3BPB7qmaL
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Post by huh on Aug 25, 2014 7:59:39 GMT -5
I was nearly 100% certain market would open at best flat. Let's see if it can hold over Friday's high. If not, downside target would be ~1974.50 - the 38.2 FIB from the 08/15 low.
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Post by huh on Aug 25, 2014 8:15:53 GMT -5
XLF looks set to open right around Friday's high, or a few pennies above it. Also trading right at it's top BB.
QQQ & NDX also gapping up to their top BB's.
Natural gas rallying, EUR/USD weak. Dollar strong.
I'd be shocked if this morning gap-up holds. Extremely good odds market closes red today.
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Post by crumbdon on Aug 25, 2014 8:45:04 GMT -5
I'd be shocked if this morning gap-up holds. Extremely good odds market closes red today. Don't feed the bears. Not nice to build false hopes for guys like me and Herc, lol!
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Post by Herceg on Aug 25, 2014 8:51:30 GMT -5
Don't feed the bears. Not nice to build false hopes for guys like me and Herc, lol! I'm sharpening my claws on the trees as I post.............
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Post by huh on Aug 25, 2014 8:56:18 GMT -5
Even if SPX were to pullback from ~2000, I doubt it would be much. ~1955 would be the worst case IMO.
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Post by crumbdon on Aug 25, 2014 9:04:05 GMT -5
With XLF leading, and important milestones being hit on SPX, ES, and SPY, I don't see much giveback happening today. Maybe by Wed.
A pullback to 1955-60 would have me going long to 2080, though. (Barf)
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Post by huh on Aug 25, 2014 9:04:29 GMT -5
Amazing that VIX scams have held up as well as they have. Since 07/03, SPX up ~1% and UVXY only down ~2%. And that's with a whole lot of volatility in between.
As far as VIX scams go, that's an amazing outperformance!
(But I wouldn't even consider UVXY now unless over 23.65)
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Post by dino on Aug 25, 2014 9:10:58 GMT -5
I'm cue-ing up some Prince right now...
"We're gonna party like it's SPX 1999..."
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Post by dino on Aug 25, 2014 9:13:01 GMT -5
"We're gonna party like it's SPX 1999..."
"We're gonna party like it's SPX 2000.24..."
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Post by huh on Aug 25, 2014 9:47:03 GMT -5
Seeing about ~20% upside in GS, ~20% in AAPL, ~20% in AMZN...
Maybe we'll finally go parabolic. But can we get one more pullback first?
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Post by crumbdon on Aug 25, 2014 9:53:43 GMT -5
I think too many expecting/waiting on a pullback to happen right now, IMOHO. Market happy to break rules for awhile.
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Post by novie08 on Aug 25, 2014 9:56:44 GMT -5
We all know this won't be the week for any correcting...no volume (banksters still vacationing) and it's the holiday happy market time. I'm seeing a real correction early in '15, maybe around March?
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Post by huh on Aug 25, 2014 10:08:13 GMT -5
We all know this won't be the week for any correcting...no volume (banksters still vacationing) and it's the holiday happy market time. I'm seeing a real correction early in '15, maybe around March? If market doesn't correct this week, ~2040 becomes a potential top & would likely produce some big selling. I think MM's will let it fall until Thursday or Friday using SPX 2000 psych resistance as an excuse to reload. That way the market can float even higher until October and let things like AMZN, AAPL & GS slowly rise to their upside targets (and they can sell into it when they return from summer vacation). We should know by the close. A red afternoon would be the tell. JMHO
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Post by huh on Aug 25, 2014 10:14:01 GMT -5
VIX scams still flat to their open. Can't trade on that alone, but sure is suspicious.
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Post by huh on Aug 25, 2014 10:19:51 GMT -5
QQQ breakout range - 99.50 support, 99.65 resistance. A break either way now should give us the direction for this week IMO.
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Post by dino on Aug 25, 2014 11:08:40 GMT -5
"We're gonna party like it's SPX 1999..."
"We're gonna party like it's SPX 2000.24..."
"We're gonna party like it's SPX 2001.95..."
BTW - 666.79 x 3 = 2000.37. That's a triple off the lows (fwiw).
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Post by novie08 on Aug 25, 2014 11:16:42 GMT -5
QQQ breakout range - 99.50 support, 99.65 resistance. A break either way now should give us the direction for this week IMO. Hmm. Breaking Bad...your scenario of down until Thurs., Fri. could be right on.
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