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Post by jacksrbtr on Jan 15, 2015 7:43:10 GMT -5
Miner etf's up 3.6% on some news IN THE PREMARKET!!! the Swiss are taking to defend their franc. Yay.
(it figures...they won't defend their own country but they will defend their almighty dollar I mean franc.)
btw Good Morning!"
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Post by huh on Jan 15, 2015 8:09:18 GMT -5
10 Things You Need To Know Before The Opening Bell Swiss Franc Stunner. The Swiss National Bank unexpectedly abandoned its price floorit had on the Swiss franc-euro exchange rate. The floor was 1.20 francs per euro. After the announcement crossed, the currency strengthened by around 30% to 0.85 francs per euro. It has since fallen back to around 1.03. From the SNB: "The euro has depreciated considerably against the US dollar and this, in turn, has caused the Swiss franc to weaken against the US dollar. In these circumstances, the SNB concluded that enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justified." The central bank cut also interest rates even further into negative territory this morning, down to -0.75% from -0.25%. Swiss CEO Reacts. "Today's SNB action is a tsunami; for the export industry and for tourism, and finally for the entire country." Swatch CEO Nick Hayek said. Markets Are Tumbling. Following the SNB announcement, stock markets around the world fell. In Europe, Britain's FTSE 100 is down 0.6%, France's CAC 40 fell 0.7%, and Germany's DAX fell 0.3%. In Asia, Japan's Nikkei closed up 1.8%, and Hong Kong's Hang Seng closed up 0.9%. US futures are down with Dow futures down 115 points and S&P 500 futures down 16 points. India Announced A Surprise Cut In Interest Rates. As central banks around the world seek to avoid deflation, the Reserve Bank of India cut its main policy rate from 8% to 7.75%, according to the Financial Times. Consumer price inflation is still at 5% in India, but that's significantly down from the 7.5% it started 2014 with. The India's Sensex index surged 2.6%. OPEC Says Oil Demand Is Tanking. "The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group's oil falling in 2015 to its lowest in a decade," Reuters' Alex Lawler reported. "In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) forecast demand for the group's oil will drop to 28.78 million barrels per day (bpd) in 2015, down 140,000 bpd from its previous figure and the lowest since 2004." Bank Of America Earnings. Bank of America's adjusted Q4 earnings came in at $0.32 per share; analysts were looking for $0.31. Caesars Is Reorganizing. "The main operating unit of the troubled US casino giant Caesars Entertainment — owner of the famed Caesars Palace in Las Vegas — said it was filing for Chapter 11 bankruptcy protection," AFP reported. "Caesars Entertainment Operating Company said in a statement that under the restructuring plan it aimed to reduce debt by about $10 billion, slashing annual interest payments by about 75% to $450 million" RadioShack To File For Bankruptcy. "RadioShack Corp. is preparing to file for bankruptcy protection as early as next month, people familiar with the matter said, following a sputtering turnaround effort that left the electronics chain short on cash," WSJ's Matt Jarzemsky, Mike Spector, and Drew Fitzgerald reported. "A filing could come in the first week of February, one of the people said. The Fort Worth, Texas, company has reached out to potential lenders who could help fund its operations during the process, another person said." Blackberry Shares Soared And Then Slumped On A Samsung Buyout Rumor. BlackBerry soared over 29% after Reuters reported that Samsung was talking about buying the company for as much as $7.5 billion. But then the stock got hammered after Blackberry issued a statement denying that it's in negotiations with with Samsung. It fell by more than 14% after hours. Lots Of Economic Data Coming. At 8:30 a.m. ET, we'll get the producer price index report, the Empire manufactuing report, and initial jobless claims report. At 10:00 a.m. ET, we'll get the Philly Fed Business Outlook report. Read our preview in BI's Monday Scouting Report. Read more: www.businessinsider.com/european-markets-open-15-jan-2015-2015-1#ixzz3OtZ4zRFD
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Post by huh on Jan 15, 2015 8:09:52 GMT -5
10 Things In Tech You Need To Know Today 1. Blackberry stock soared 29% yesterday after Reuters reported that Samsung was considering buying the company. But after Blackberry denied the report, the stock was down 15% after hours. 2. Facebook has launched its "Facebook At Work" service. Some companies are testing out the service that lets colleagues communicate using Facebook. 3. Xiaomi, the Chinese smartphone company valued at $45 billion, launched a new smartphone. It's a phablet. 4. Tesla stock was down 6% yesterday. It follows Elon Musk's comments on Tuesday about a drop in sales in China. 5. The price of Bitcoin is crashing. It went from $244 to $173 in one day. 6. It looks like Microsoft has killed off its anti-Google ad campaign "Scroogled." The ads used to heavily mock Google. 7. The founder of "Ship Your Enemies Glitter" is begging people to stop using his site. The site, which lets you send anyone glitter for $9.99, went viral yesterday. 8. RadioShack is preparing to file for bankruptcy. The retailer warned last year that this might happen. 9. Snapchat is asking brands to pay $750,000 a day to advertise in its app. But some companies feel that the price is too high. 10. Google is going to launch its modular smartphone, Project Ara, in Puerto Rico. It's a test launch to see how consumers respond. Read more: www.businessinsider.com/10-things-in-tech-you-need-to-know-january-15-2015-1#ixzz3OtZFMHIM
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Post by huh on Jan 15, 2015 8:10:24 GMT -5
"Turdsday". LOL
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Post by huh on Jan 15, 2015 8:10:58 GMT -5
"1. Blackberry stock soared 29% yesterday after Reuters reported that Samsung was considering buying the company. But after Blackberry denied the report, the stock was down 15% after hours."Didn't people use to go to jail for stuff like this? (remember what happened with SODA?)
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Post by huh on Jan 15, 2015 8:14:43 GMT -5
Much of the OPEX whipsaw taking place in futures this week. Overnight S&P futures: +20, then, -20, then, Flat, then, -18.50, then, +6, and now, -4.50Get me some...
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Post by huh on Jan 15, 2015 8:24:54 GMT -5
Amazing to me that FCX (copper) is trading at March '09 lows now but indices still near all time highs.
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Post by walnut on Jan 15, 2015 9:54:58 GMT -5
Anybody take a look at that site? Kind of funny
7. The founder of "Ship Your Enemies Glitter" is begging people to stop using his site. The site, which lets you send anyone glitter for $9.99, went viral yesterday.
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Post by huh on Jan 15, 2015 10:00:07 GMT -5
Unless this market were to put in a good ole fashion squeeze, seems like it's wanting to see 1860's. That's the target should this current double-top play out like the one in October did - and so far they're looking almost identical.
For me, I'll wait for that target, or new highs. I really don't feel like taking a chance for anything in between. I am keeping an eye on AAPL should it hit the 99-101 range. Might be a nice play for earnings if S&P's anywhere near that downside target.
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Post by novie08 on Jan 15, 2015 10:00:23 GMT -5
Panic is certainly setting in with Swiss franc news being considered a black swan. I'm telling you to PAY ATTENTION to M. Armstrong's supercomputer Socrates. .
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Post by huh on Jan 15, 2015 10:01:48 GMT -5
Panic is certainly setting in with Swiss franc news being considered a black swan. I'm telling you to PAY ATTENTION to M. Armstrong's supercomputer Socrates. . Ohhhh I am now! Definitely keep us posted.
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Post by Herceg on Jan 15, 2015 10:07:02 GMT -5
I don't believe 1994 area hold this time around............a lot of negativity with stocks......
JMO and BOL............
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Post by huh on Jan 15, 2015 10:08:03 GMT -5
Here's a look at that potential double-top in SPX I mentioned, and the one from October. Under 1972.50 confirms a target ~1865. I had hoped it would squeeze (and still do), but I wouldn't even think of betting on it now until over 2020.
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Post by crumbdon on Jan 15, 2015 10:12:25 GMT -5
A viscous snapback rally/ squeeze today wouldn't surprise me one bit.
Because, hey- OPEX
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Post by huh on Jan 15, 2015 10:15:45 GMT -5
A viscous snapback rally/ squeeze today wouldn't surprise me one bit. Because, hey- OPEX Here's the potential I see for a squeeze in the charts - and you can see the 2 reasons why 2020 is key. FIB resistances before then are 2010, 2012.50 & 2016.
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Post by crumbdon on Jan 15, 2015 10:22:27 GMT -5
Overnight futes suggest we should test that 2020, too.
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Post by huh on Jan 15, 2015 10:24:11 GMT -5
Overnight futes suggest we should test that 2020, too. It did right after the open, didn't it? You mean it should again?
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Post by huh on Jan 15, 2015 10:37:20 GMT -5
2003 is now very important support.
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Post by huh on Jan 15, 2015 10:39:24 GMT -5
Naz, IWM and most of the big banks underperforming this bounce in SPX. Not exactly an encouraging sign.
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Post by jacksrbtr on Jan 15, 2015 10:49:45 GMT -5
...shoulda used my best Brooklynese and used "Toidsday" : )
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