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Post by huh on Oct 13, 2016 6:57:00 GMT -5
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Post by huh on Oct 13, 2016 6:57:36 GMT -5
Frontrunning: October 13 Weak China data, stronger dollar send global stocks skidding (Reuters) Oil price gains limited by higher OPEC output, U.S. crude stocks (Reuters) A Trans-Atlantic Revolt Against Central Bankers (WSJ) Wells Fargo CEO Stumpf Quits in Fallout From Fake Accounts (BBG) Stumpf’s departure likely to have big consequences for US banks (FT) SEC Said to Demand That Cooperman Agree to Hedge Fund Suspension (BBG) FBI, DOJ roiled by Comey, Lynch decision to let Clinton slide by on emails, says insider (Fox) Frenzy surrounds ‘Apprentice’ tapes (NYT) U.S. Launches Strikes on Yemen After Warship Targeted (BBG) U.S. lawmaker urges Saudi arms sales halt, cites possible Yemen 'war crimes' (Reuters) Kremlin tells Britain: You have to keep our diplomats safe (Reuters) Emir instructs 17 ambassadors to return to Qatar (Doha News) Haim Saban wants to put Clinton in the White House and take Univision public (BBG) UK faces Brexit divorce bill of up to €20bn (FT) U.S. military strikes Yemen after missile attacks on U.S. Navy ship (Reuters) China corporate raider’s wealth soars ninefold to $17bn (FT) Trump Attacks Washington Insiders Over Clinton Emails (WSJ) France’s Sapin Says No Doubt Now About Banks Leaving London (BBG) www.zerohedge.com/news/2016-10-13/frontrunning-october-13 |
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Post by huh on Oct 13, 2016 7:10:02 GMT -5
An ES gap down tonight to ~2111 is bullish as all get out imo. I'll be looking to pick up some longs PM if we get there... I hope you're right as the depth of this pullback really caught me off guard. Mostly because AAPL, gold miners, energy and large banks all performing relatively well versus the market. These have all been recent major market leaders. The first two green on the week yet while the other two basically flat. |
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Post by huh on Oct 13, 2016 7:17:57 GMT -5
FTSE futures could be building a bullish typhoon here for ~7220. >7083 would confirm. FTSE futures didn't hold the smaller bullish pattern I expected, but coming up on the backtest of a previous bullish pattern. If that neckline doesn't hold, I'd have to give up on the idea of it seeing a higher high with this run (upside target for this iH&S is ~7200)  |
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Post by huh on Oct 13, 2016 7:22:03 GMT -5
Overnight "flash crash" in GBP/USD currency pair likely a key pivot bottom as long term H&S target completed  So far this low in GBPUSD has held. Here's a closer look at it since that "flash crash"  |
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Post by walnut on Oct 13, 2016 7:31:11 GMT -5
I'm out, would love a big pullback now
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Post by huh on Oct 13, 2016 7:37:15 GMT -5
Like DB did last Thursday, WFC completed a downside target of a H&S. Has additional trend support ~43.60. 44.50 now the resistance to beat to get it into dead cat bounce/squeeze mode WFC - tiny vertical line was H&S target. LT bearish but recent tag of lower channel should get at least dead cat bounce  Despite market pullback, WFC has held well against that projected low... |
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Post by huh on Oct 13, 2016 7:37:34 GMT -5
...As has DB - which is ironic as these were the two banks that had the largest concerns - the ones that were supposed to crash next DB could be putting in a pivot bottom here. Currently 11.89, expected support ~11.20, next major resistance 12.50 |
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Post by huh on Oct 13, 2016 7:43:55 GMT -5
I'm out, would love a big pullback now Can't say I blame you. I should've been out already and may not be far behind you. I do think banks, & perhaps AAPL, have been being accumulated during this pullback, but a bull can only take so much! |
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Post by huh on Oct 13, 2016 7:54:19 GMT -5
The number of stops tripped on this open will likely be phenomenal. I'll be surprised if brokers' sites are working normally shortly after the open.
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Post by huh on Oct 13, 2016 8:01:41 GMT -5
C, JPM and WFC report earnings before market open tomorrow
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Post by walnut on Oct 13, 2016 8:10:42 GMT -5
The charts suggesting to me a 10% pullback is possible, but what do I know
oops not 10% scratch that
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Post by huh on Oct 13, 2016 8:14:18 GMT -5
The charts suggesting to me a 10% pullback is possible, but what do I know I think perhaps pivot bottom today, then 3-5% up in S&P, then 30% pullback to start. I'm still counting on a final blow-off rally led by banks. Two years of waiting for that exact scenario, so I can wait a little longer (but not much) |
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Post by huh on Oct 13, 2016 8:23:55 GMT -5
I could be wrong, but this is the exact type of open you'd expect for a short term pivot bottom. And then 3 major banks that have been relatively strong during this pullback all report tomorrow, on a Friday morning? Potentially a weekly put seller's/weekly call buyer's dream.
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Post by clinton on Oct 13, 2016 8:30:10 GMT -5
Jpm analyst just said no fed changes in policy next 3 months
Sent from my SCH-I535 using proboards
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Post by clinton on Oct 13, 2016 8:41:37 GMT -5
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Post by huh on Oct 13, 2016 8:42:45 GMT -5
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Post by clinton on Oct 13, 2016 8:47:51 GMT -5
amazon hiring 120K temp workers
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Post by dino on Oct 13, 2016 8:49:26 GMT -5
An ES gap down tonight to ~2111 is bullish as all get out imo. I'll be looking to pick up some longs PM if we get there... I hope you're right as the depth of this pullback really caught me off guard. Mostly because AAPL, gold miners, energy and large banks all performing relatively well versus the market. These have all been recent major market leaders. The first two green on the week yet while the other two basically flat. I hope I'm right too. lol. Picked up some TNA, UPRO. Nice daily up channel on SPX and ES going back to January this year. We're tagging the bottom right now. |
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Post by clinton on Oct 13, 2016 8:50:18 GMT -5
time for the dollar to "blow off top"
please
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