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Post by huh on Aug 8, 2017 7:17:50 GMT -5
10 things you need to know before the opening bell The Dow closes in record territory for a 9th straight day. The Dow Jones industrial average has tacked on 2.8% during its winning streak. China's trade surplus swells. Imports rose 11% in US dollar terms versus a year ago, while exports jumped 7.2%, causing China's trade surplus to swell to $46.74 billion, ahead of the $46.08 billion that economists were anticipating. China has suddenly stopped buying foreign property. Morgan Stanley estimates that Chinese investment in global foreign property was $1.7 billion this year, down 84% from 2016's $10.6 billion. Bitcoin put in another record high. The cryptocurrency hit a record high of nearly $3,500 a coin on Tuesday. Jack Ma has been dethroned as China's richest man. Alibaba CEO Jack Ma ($35.6 billion) has been passed by Pony Ma ($36.2 billion), the founder and CEO of the internet company Tencent, according to Forbes' billionaires list. Avis Budget misses big on earnings. The rental-car company earned $0.30 a share, missing the Wall Street estimate of $0.52 by a wide margin. McDonald's plans to nearly double its footprint in China. The fast-food giant plans to increase its number of stores on mainland China to 4,500 from 2,500 by the end of 2022, Reuters says. Stock markets around the world trade mixed. Australia's ASX (-0.42%) lagged overnight, and Germany's DAX (+0.06%) clings to gains in Europe. The S&P 500 is on track to open lower by 0.10% near 2,478. Earnings reporting remains heavy. CVS, Mallinckrodt, and Valeant report ahead of the opening bell, while Hertz and Zillow release their quarterly results after markets close. US economic data is light. Jolts Job Openings will be released at 10 a.m. ET. The US 10-year yield is up 1 basis point at 2.26%. www.businessinsider.com/opening-bell-august-8-2017-2017-8 |
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Post by huh on Aug 8, 2017 7:18:50 GMT -5
10 things in tech you need to know today 1. The Google employee who wrote the anti-diversity manifesto was fired after CEO Sundar Pichai called it "Not OK." The engineer, who has been named as James Damore, sent a statement to Reuters. 2. Supporters raised more than $12,000 (£9,200) for arrested security researcher Marcus Hutchins after he couldn't make bail. Hutchins has been accused by US prosecutors of helping to create and sell the Kronos banking trojan. 3. Apple is reportedly working to make the iPhone 8's face scanner work even on flat surfaces. Leaked code from software for the upcoming HomePod references something called "Pearl" that could be the iPhone's face scanner. 4. Uber cofounder and board member Garrett Camp said Travis Kalanick won't be CEO again. "We are committed to hiring a new world-class CEO to lead Uber," Camp said in an email to Uber employees. 5. Netflix made its first ever acquisition by buying comic book publisher Millarworld. The company is now going to team up with Netflix on some exclusive projects. 6. Peter Thiel has reportedly expressed doubts about his support for President Trump. "There's a 50% chance this whole things ends in disaster," Thiel reportedly said in January. 7. Some employees are rumored to hate the open floor plan at Apple's new $5 billion (£3.8 billion) campus. The head of Apple's chipmaking team reportedly reacted angrily to the open layout. 8. Jay Z's music streaming service Tidal reportedly has a new CEO. Former Kobalt Music Group president Richard Sanders has reportedly been given the role. 9. Startup bank Tandem is buying Harrods Bank. It's a rare example of a challenger bank acquiring a traditional business. 10. The driverless van seen in Virginia was actually being driven by a man hidden in the driver's seat. It was a research project to see how people react to driverless vehicles. www.businessinsider.com/10-things-in-tech-you-need-to-know-today-august-8-2017-8 |
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Post by lasvegas77 on Aug 8, 2017 8:01:33 GMT -5
11k short at 15.94 tvix.
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Post by ipath on Aug 8, 2017 8:35:18 GMT -5
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Post by lasvegas77 on Aug 8, 2017 8:41:49 GMT -5
thanks ipath  |
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Post by lasvegas77 on Aug 8, 2017 8:54:26 GMT -5
covered at 15.78. Up about $1900. Not bad for a first trade in 6 weeks.
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Post by lasvegas77 on Aug 8, 2017 8:56:26 GMT -5
The last six weeks of road tripping nearly 6k miles through 8 national Parks, 9 states, and one Indian reservation have been one of the most rewarding, educational, and fun trips we've been on. Both the north and south rims of the Grand Canyon, Winslow Arizona, Horseshoe Bend, Monument Valley, the Mighty Five national parks in Utah- Bryce Canyon, Canyonlands,Arches National Park, Capitol Reef National Park, Salt Lake City, Grand Tetons National Park, Yellowstone National Park, Zion National park, Vegas and then back tracking to Salt Lake City, and then back to Vegas.
We took our time so we got to experience each place for its fullest potential. Except for the monsoon rains during our driving, everything went smoothly.
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Post by theMist on Aug 8, 2017 8:57:00 GMT -5
yes welcome back LasVegas
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Post by lasvegas77 on Aug 8, 2017 8:59:50 GMT -5
By the way, I also made $13 playing roulette in Vegas |
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Post by walnut on Aug 8, 2017 9:02:10 GMT -5
covered at 15.78. Up about $1900. Not bad for a first trade in 6 weeks. That was a good trade |
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Post by lasvegas77 on Aug 8, 2017 9:02:15 GMT -5
Back to bed for me. Good luck everyone
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Post by walnut on Aug 8, 2017 9:03:57 GMT -5
I think we are going to Northern New Mexico Friday for a few days, around Taos Ski Area. Usually this time of year that is a great way to escape the heat, but it has only been 80 degrees here this August.
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Post by lasvegas77 on Aug 8, 2017 9:05:00 GMT -5
I think we are going to Northern New Mexico Friday for a few days, around Taos Ski Area. Usually this time of year that is a great way to escape the heat, but it has only been 80 degrees here this August. That sounds like fun. I only made it out to the four corners area and barely was in new Mexico so it would be cool to see more of the state. |
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Post by theMist on Aug 8, 2017 9:08:16 GMT -5
Up here in NY, its been cloudy and rainy for practically the entire month of July and into August
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Post by theMist on Aug 8, 2017 9:27:01 GMT -5
Usual dull market grind with no real significant pullback -- still no fear out there
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Post by ipath on Aug 8, 2017 9:30:39 GMT -5
whats up with the retailers.. got burned on my Kohls short, but Express paying off very well. Retailers reporting later this week, this may be the catalyst needed to drop the market finally
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Post by theMist on Aug 8, 2017 9:45:10 GMT -5
SP still feels like it wants SP2500
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Post by theMist on Aug 8, 2017 11:24:21 GMT -5
So SP hits a new all time high again and VXX stauls in 10.90 range. Jury still out to see if its just a pause and continues lower or actually means something. Markets are in uncharted territory. There are no more bullish targets to be met. Even the S&P ascending triangle target has been hit with SP hitting SP2490ish. August and September are the worst months for the markets and we are long overdue for a significant pullback/correction. 2 years ago in the last 2 weeks in August markets sold off hard and corrected with the VIX SCAMs doubling. I believe the cause was China. S&P can still trend higher to hit the psychological target of SP2500...we'll see... I still say markets are in for surprise pullback in near future. Time will tell. GL ALL ttyl I have to pickup a Peagle puppy that I purchased for a customer |
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Post by lasvegas77 on Aug 8, 2017 12:02:04 GMT -5
That's quite a spike on tvix from the lows. Back to my entry price. Looks like my trade was better than it was looking earlier when i left some on the table. It was looking it like it might keep going but finally there's at least marginal hedging going on.
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Post by ipath on Aug 8, 2017 14:13:57 GMT -5
hope it closes red.. could be sign of a reversal
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