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Post by huh on Oct 24, 2014 6:39:25 GMT -5
10 Things You Need To Know Before The Opening Bell Good morning! Here's what you need to know. The Ruble Is Getting Crushed. The Russian ruble has fallen further against the dollar and the euro hitting record new lows against the currencies. UK GDP Was In Line With Expectations. GDP rose by 0.7% in the third quarter, compared to the second, driven particularly by services. The EU Is Ordering The UK To Pay An Extra $2.6 Billion To Brussels. Britain has been told it must pay an extra €2.1 billion into the European Union budget by the end of next month because the UK economy is doing better relative to other European economies. The Big European Markets Are Down. The FTSE 100 is down 0.23%, France's CAC 40 is down 0.45%, and Germany's DAX is down 0.32%. The Nikkei closed 1.01% higher. China's Crumbling Property Market Just Wiped Out A Year's Gains. Property prices are falling in 69 of China's 70 major urban areas. 73 Swiss Banks Want US Tax Amnesty Deals Revised. Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by US authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks' cooperation with other nations. Asian Economic Growth Is Set To Languish As China Slows. Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed. New Home Sales Are Coming. US sales of new homes in September will be out at 10 a.m ET, with analysts expecting about 470,000 sales. Amazon Is Taking A $170 Million Charge For Unsold Fire Phones. Amazon said it had $83 million worth of unsold Fire Phones at the end of the third quarter this year. A US Port Squeeze Could Ruin Holiday Shopping. A shortage of transportation equipment and possible labor disruptions at the Los Angeles/Long Beach port complex, the nation's busiest, is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season. Read more: www.businessinsider.com/opening-bell-oct-24-2014-2014-10#ixzz3H3smxooS
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Post by huh on Oct 24, 2014 6:40:25 GMT -5
10 Things In Tech You Need To Know Today 1. Amazon stock was down over 12% after a disappointing Q3 earnings call. There were misses on both the top and bottom line. 2. Amazon is taking a $170 million charge for unsold Fire Phones. 3. Microsoft beat earnings estimates in its Q1 earnings. The stock was up 4% last night. 4. A doctor in New York who tested positive for Ebola took an Uber on Wednesday. The transmission risk is very low, however. 5. Facebook launched a new app called Rooms. It lets people create forums about their interests. 6. Microsoft co-founder Paul Allen has pledged $100 million to help fight Ebola. He often donates money to charity. 7. Alternative social network Ello has raised $5.5 million in funding. It now has over 1 million users. 8. Apple has promised to help the employees of its sapphire supplier find jobs after they ended their partnership. The company is closing its US production plants. 9. A New York judge says that Aereo must shut down for good. The company had previously considered continuing as a cable company. 10. Facebook and Yahoo have unveiled a plan to stop scammers recreating closed email accounts. This should stop people hacking into some Facebook accounts. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-october-24-2014-10#ixzz3H3t0MblG
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Post by huh on Oct 24, 2014 6:41:53 GMT -5
Frontrunning: October 24 Submitted by Tyler Durden on 10/24/2014 - 07:33 Doctor with Ebola in New York hospital after return from Guinea (Reuters) Ebola Puts Spotlight on Bellevue, Key NYC Trauma Center (WSJ) Uber Driver Transported Ebola-Positive Doctor in New York (BBG) GOP Gains in Key Senate Races as Gender Gap Narrows (WSJ) ECB Tries for Third Time Lucky in European Stress Tests (BBG) Security tight in Canada as police probe Parliament gunman's ties (Reuters) Why Madrid's poor fear Goldman Sachs and Blackstone (Reuters) Fed’s $4 Trillion Holdings Keep Boosting Growth Beyond End of QE (BBG) Cold War Banker to Putin Billionaires Walks Sanction Wire (BBG) Ground offensive against Islamic State months away in Iraq (Reuters) Bank Breakup Plan Hits More EU Hurdles as Danes Reject Idea (BBG) Servicing JFK Airliners for Decades, Now There’s Ebola (BBG) New York police officer critically wounded in hatchet attack (Reuters) China Scores Cheap Oil 14,000 Miles Away as Glut Deepens (BBG) www.zerohedge.com/news/2014-10-24/frontrunning-october-24
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Post by clinton on Oct 24, 2014 7:06:09 GMT -5
UPS United Parcel Service beats by $0.03, beats on revenue United Parcel Service (NYSE:UPS): Q3 EPS of $1.32 beats by $0.03.Revenue of $14.29B (+5.7% Y/Y) beats by $90M.Shares +2.4% PM.
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Post by huh on Oct 24, 2014 7:08:58 GMT -5
AMZN Quarterly Earnings: Revenue of 20.58 Billion versus: 17.09B year ago, expected 20.84B. Loss of 95 cents per share versus: loss of 9 cents year ago, expected loss of 74 cents per share. As for the chart, this causes AMZN to fall under a large H&S, downside target 200. The neckline sits ~287-288 today and is now major resistance. Should expect a backtest of that neckline before continuing down. (Pattern failure indicator: a hold over this neckline would indicate a squeeze and likely move back to previous highs)
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Post by clinton on Oct 24, 2014 7:09:04 GMT -5
read that theey're making it easier to get a home loan
that combined with cheap energy makes me think Q4 will be a big bull run.
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Post by huh on Oct 24, 2014 7:20:24 GMT -5
F Quarterly Earnings: Revenue 32.9 Billion versus: 33.86B year ago; expected 33.11B. Profit of 24 cents per share versus: 45 cents year ago; expected 19 cents. F is currently under a Double Top pattern and yesterday looks to have nearly backtested the break of that pattern. That backtest would occur ~14.52 this morning. A break below 14.36 after that backtest sets-up a downside target ~11.60. (Pattern failure indicator: a move over 14.70 would indicate a possible squeeze of the pattern and likely move over 18)
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Post by clinton on Oct 24, 2014 7:20:55 GMT -5
never knew they talked so much
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Post by huh on Oct 24, 2014 7:44:53 GMT -5
Gold could be attempting to build a small ascending triangle here. >1234 would target a little over 1240.
However 1231 is the support for it. Lose that and downside target is 1213.
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Post by huh on Oct 24, 2014 8:01:54 GMT -5
CAT Caterpillar beats by $0.36, beats on revenue Caterpillar (NYSE:CAT): Q3 EPS of $1.72 beats by $0.36.Revenue of $13.6B (+1.3% Y/Y) beats by $410M.Shares +2% PM. ~99.50 is the neckline of the H&S that's been playing out in CAT since May of this year (been tracking long & short plays on that pattern since July). The recent low stopped short of the downside target by only ~1/3%. If it can hold over that resistance then the H&S is finally broken/complete. That would put it back into bullish mode. And therefore DJI, and most likely the rest of the market. If it can't, then it and the rest of the market likely to go back and retest recent lows for a double-bottom (and complete the downside targets - S&P also missed it's double-top target by ~1/3%). JMHO CAT trading again at the 99.50 neckline resistance in pre-market. If it can't breakout above there, downside target is a little under 90.
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Post by clinton on Oct 24, 2014 8:03:44 GMT -5
$DRYS (-26% pre) Prices 250M share offering at $1.40" Whoa
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Post by Herceg on Oct 24, 2014 8:04:51 GMT -5
Don't understand how AMZN can stay up with this PE and lackluster growth............
JMO and BOL...........
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Post by huh on Oct 24, 2014 8:09:44 GMT -5
Lots of bearish set ups out there. Also perfect recipe for a Squeeze. Keep an eye on those individual set ups I posted above (AMZN, F, CAT) for confirmation or failure of their bearish patterns.
RSX is another one. Should it close below 20.89, Russia would be in potential market crash territory to the tune of 23-25%, and create/reflect a potential black swan event for world markets.
Also spot VIX. A move over 18.60's in VIX would, for me at least, signal a retest of recent market lows.
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Post by huh on Oct 24, 2014 8:10:09 GMT -5
$DRYS (-26% pre) Prices 250M share offering at $1.40" Whoa
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Post by huh on Oct 24, 2014 8:20:19 GMT -5
$DRYS (-26% pre) Prices 250M share offering at $1.40" Whoa Does DRYS still really pay a more than 30% dividend?
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Post by huh on Oct 24, 2014 8:21:28 GMT -5
AMZN will be trading really close to that neckline at the open.
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Post by huh on Oct 24, 2014 8:22:55 GMT -5
AAPL's the one stock that has me totally stumped. I know it will go to ~122. But will it pull back first? I can never get it's pull backs nailed down - not since the last major low and their huge buyback. Before that it moved technically perfectly.
I do know this, very unlikely the market pulls back without AAPL also pulling back.
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Post by huh on Oct 24, 2014 8:35:45 GMT -5
AMZN will be trading really close to that neckline at the open. AMZN squeezing over the neckline, but finding resistance at the 10/16 low (previous gap down low). If it were to lose 287.50 now it would very likely be sold hard.
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Post by huh on Oct 24, 2014 8:44:33 GMT -5
F, CAT and MSFT failed to squeeze higher.
RSX dropping from gap-up high.
AMZN iffy (possible little double-top with that bounce).
AAPL still holding strong.
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Post by crumbdon on Oct 24, 2014 8:45:31 GMT -5
Wow, SPY floundered a few mins at the open, then shot up 70 cents in 1-2 minutes Felt like a PPT move. Fins fairly strong too.
Somebody gonna make sure this does NOT fall today
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