Chains of habit are too light to be felt until they are too heavy to be broken
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EU shares open strongly and add to gains from yesterday on a report that Spain has crystallized the form its bailout request would take.
I SMELLLLLLL RALLLLYYYYYYYYYYYYYYYYY
Retail sales during China's Golden Week grew 15% during the holiday period, lower than last year's 17.5% pace but ahead of many forecasts. The crucial shopping period saw a healthy uptick in tourism which could bode well for gaming companies with Macau operations such as Las Vegas Sands LVS Melco Crown MPEL Wynn Resorts WYNN and MGM Resorts MGM
U.S. stock futures point up with earnings reports from major companies and an economic release covering consumer prices on tap.
http://finviz.com/futures.ashx
Tuesday's economic calendar:
7:45 ICSC Retail Store Sales
8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
9:00 Treasury International Capital
9:15 Industrial Production
10:00 NAHB Housing Market Index
12:00 PM Sarah Raskin:'Financial Regulation'
Basically it means SELL SELL SELL IMHO
Sprint S says it isn't planning any immediate takeover of Clearwire CLWR tabling any talk of a deal for at least 6-8 months until the Softbank deal closes. Shares of Clearwire jumped 16% today on speculation of an imminent takeover, and have skyrocketed 78% over the last two trading days the previous week. Despite the fervor, a deal between the two is speculative at best. S doesn’t need to own CLWR because it already has access to its spectrum, and its very expensive to boot.
Congrats $EKNL Traders Hope You Enjoyed The Show Today....
Natural gas pushes past $3.60, boosted by a smaller-than-expected rise in inventory even as stockpiles hit a record for this time of the year. Morgan Stanley thinks prices could touch $5 by Q1 2013: “Demand remains elevated, and supply should be slow to respond [due to] logistical challenges, more attractive oil economics, and higher breakeven costs outside the Marcellus.”
Stocks closed near session lows, with the Dow posting back-to-back triple-digit losses, as outlooks from Chevron, Alcoa and Cummins added to concerns about a global slowdown. The IMF warned that if the eurozone fails to solve the debt crisis, its banks could be forced to sell as much as $4.5T worth of assets.
Wednesday's economic calendar:
7:00 MBA Mortgage Applications
10:00 Wholesale Trade
1:00 PM Results of $21B, 10-Year Note Auction
2:00 PM Fed's Beige Book
2:00 PM Treasury Budget
4:30 PM Daniel Tarullo speaks on Financial Stability Regulation.
4:45 PM Fed's Fisher: 'Europe's Crisis and the Welfare State: Lessons for the United States'
I will put her on the radar :)
After a volatile day featuring trading volume over 5x higher than average, Vringo VRNG closed with big losses, as trading ended without a Google settlement announced. A short-lived afternoon rally was attributed to a report of a settlement that would up being discredited, though some remain intrigued by the fact the Vringo-Google trial (set for an Oct. 16 start) no longer appears on a court docket. The fact Vringo's stock offering closed today may have contributed to the volatility.
"Three great forces rule the world: stupidity, fear and greed."
I like it but needs to get up through that 200ma and BooooooooM we could havea real lift off :) I know Hoss is all over it ..... I like his hunches 90% of the time lol
RadioShack RSH catches an upgrade from Bank of America BAC to Buy with an upped price target of $2.50. Analysts with the firm see an attractive buying point after a wave of negative news drove shares lower. They note that the electronics seller now trades at just 5X its inventory and accounts receivables total.
RadioShack RSH catches an upgrade from Bank of America to Buy with an upped price target of $2.50. Analysts with the firm see an attractive buying point after a wave of negative news drove shares lower. They note that the electronics seller now trades at just 5X its inventory and accounts receivables total.
BOOOOOOOOM Lets Rock It (ci)
Today is gonna be a $$$$ day for us traders with NUTZZZZ
I will check her out :)
Yup like shooting fish in a barrel :)
Manipulation is not just for penny stocks :)
No one knows where it came from or what it was meant to do, but CNBC reports 4% of all trading in the U.S. stock market last week was executed by one algorithm that placed orders once every 25 milliseconds and then canceled them. It appears to be a firm's way of baiting buyers interested in purchasing a specific stock and forcing them to reveal their positions - ah, the joys of HFT.
http://www.cnbc.com/id/49333454/
Manipulation is not just for penny stocks :)
No one knows where it came from or what it was meant to do, but CNBC reports 4% of all trading in the U.S. stock market last week was executed by one algorithm that placed orders once every 25 milliseconds and then canceled them. It appears to be a firm's way of baiting buyers interested in purchasing a specific stock and forcing them to reveal their positions - ah, the joys of HFT.
http://www.cnbc.com/id/49333454/
Cash disappearance machines, 3 VIX ETPs ( VXX , TVIX , UVXY ) currently have $1.9B in assets despite inflows of $4.5B YTD. The design of these makes them more like options - in most environments declining as time passes. The different construction of other VIX products - VQT and XVZ - has allowed them to preserve a bit more value even as volatility erodes.
IMF cuts global growth estimates again, seeing a world economy growing 3.3% this year (down from 3.5%) and 3.6% in 2013 (down from 3.9%). A key factor: whether policy uncertainty around the U.S. "fiscal cliff" and the fate of the euro is resolved.
Tuesday's economic calendar:
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
1:00 PM Results of $32B, 3-Year Note Auction
Friday's economic calendar:
Monster Employment Index
8:30 Nonfarm Payrolls
1:00 PM Fed's Duke: 'Distressed residential real estate'
3:00 PM Consumer Credit
Zynga ZNGA following its Q3/2012 warning. Shares are down AH to a new post-IPO low of $2.35, leaving the company with a market cap of less than $2B.
Ultra-bear Marc Faber continues to warn about an imminent downturn in equities markets, saying that investors should brace for a major market drop ahead that will present a buying opportunity. "Within the next six to nine months we can buy just about anything 20 percent lower than it is now," Faber says. Jim Rogers shares that sentiment, with the exception of China, where he says the collapse has already occurred.
Market recap:
~Materials, financials and energy shares pushed the S&P 500 SPY to its fourth straight day of gains as weekly jobless claims and factory orders came in a bit better than expected and a Spanish bond auction saw a strong response.
~Encouraging comments by ECB President Mario Draghi and as investors looked ahead to the monthly government jobs report.
~All three major indexes are on pace to post their first positive week in three
~The CBOE Volatility Index, VIX widely considered the best gauge of fear in the market, closed below 15.
~The latest minutes of the Federal Reserve's meeting showed that all members but one agreed on QE3. Last month, the central bank launched a third round of bond-purchasing program, announcing an open-ended plan that kicks off with $40 billion per month of new mortgage debt purchases.
~Crude oil rebounded 4% to nearly $92/bbl.; USO amid ongoing tensions between Turkey and Syria, a weaker dollar and refinery fires.
~Gold neared $1,800/oz. GLD
~NYSE advancers topped decliners two to one.
“In the absence of bad news, we’ll drift higher and that’s what’s been going on,”
Market recap:
~Materials, financials and energy shares pushed the S&P 500 SPY to its fourth straight day of gains as weekly jobless claims and factory orders came in a bit better than expected and a Spanish bond auction saw a strong response.
~Encouraging comments by ECB President Mario Draghi and as investors looked ahead to the monthly government jobs report.
~All three major indexes are on pace to post their first positive week in three
~The CBOE Volatility Index, VIX widely considered the best gauge of fear in the market, closed below 15.
~The latest minutes of the Federal Reserve's meeting showed that all members but one agreed on QE3. Last month, the central bank launched a third round of bond-purchasing program, announcing an open-ended plan that kicks off with $40 billion per month of new mortgage debt purchases.
~Crude oil rebounded 4% to nearly $92/bbl.; USO amid ongoing tensions between Turkey and Syria, a weaker dollar and refinery fires.
~Gold neared $1,800/oz. GLD
~NYSE advancers topped decliners two to one.
“In the absence of bad news, we’ll drift higher and that’s what’s been going on,”
Gold looks set for another run at $1,800/oz. for the first time in a year, +0.8% this morning to $1,794. The metal got no assistance today from the BOE or the ECB - both of which left policy unchanged - but the worldwide central bank trend remains one of further ease.
Rite Aid RAD reports same-store sales slipped 0.7% in September as generic introductions impacted results. Total drugstore sales for the period fell 1.5% to $1.90B. The company also announced the opening of another "wellness store" today as it continues its bid to transform its image.
Vringo VRNG jets another 9% higher premarket after skyrocketing yesterday on news that its legal battle with Google will move forward. The relatively small stock has had a huge following ever since James Altucher teed it up as a speculative patent play earlier this year.
Initial Jobless Claims:
367K vs. 370K consensus, 359K prior.
Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues.
Gold was steady on Thursday, holding onto minor gains from the previous two sessions as investors awaited cues from central banks on their plans to shore up the frail global economy, while a key U.S. employment report on Friday was also in focus.