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LOL, good thing I wasn't DRINKING at the moment I read that.
You mean, because they hung out in the Sauna all night, reading Bible?
Maybe they will choose.....RED! And then you can be her personal 'assistant'
The pay will stink, but man, the PERKS!
How are ya LH?
Speaking of credit cards, take a look at V. Seems to be in a nice double top spot to come down soon. Same with CPB. Market up huge, CPB gap up may need to come down for a breather.
No positions as of yet, watching.
Don't have a replacement yet, but if they choose WISELY, Intel may really pop nice on hope. Still think they will rule the chips into the future, but need to have the right leadership to get them back to where they were.
SPY coming off its highs, but I am NOT going to fade it, too much craziness out there.
Got out of my SHLD and SBUX Puts for a tasty little profit. Also dumped my BMRN and TXI Puts for a small loss, so overall, a VERY nice dinner with an OK bottle of wine can be had.
Damn, BRY popped up big this morning. Too much to chase. All my awesome plays from the weekend are all too damn late! Ugh, missing Friday really rattling my chips.
That pre-market pop in FB is tapering down a bit. Back under $24. I would be careful here, a LOT of profit taking may take place this week from last weeks exuberance.
I wouls usually fade the pop, but today that may be dangerous. I really think the shorts are going to take it in the can today, and a LOT of short covering will really fuel a big rally today.
Was gone all damn day Friday, would have LOVED to have seen that Triple Bottom Hammer, what a beautiful set-up, ESPECIALLY with that nice volume surge. AS it is, I saw it too damn late.
Topeka Capital: Apple sell-off is now 'insanely insane' http://t.co/qKZSOLU7
Yep, I should be good for a few hours. Tell Lobster I say HI.
Same here. SPY in the $139 range where we see resistance. If we can't get over that by this week, will start getting me some Calls in TZA.
German Bunds Drop Before EU Finance Ministers Meet on Greek Aid
By David Goodman - Nov 19, 2012
German 10-year bonds fell for the first time in three days amid speculation European Union finance ministers meeting tomorrow will agree to keep bailout funds flowing to divest Greece, damping demand for safer assets.
Bunds dropped along with Treasuries and U.K. gilts amid optimism U.S. lawmakers will reach a deal to avoid the so-called fiscal cliff or tax increases and spending cuts. Greece’s 10- year bonds rose for a seventh day after EU lawmakers last week gave the nation an extra two years to reach budget-deficit goals, even as the EU and International Monetary Fund disagreed over extending the deadline. Spanish notes fell before the nation sells 4.5 billion euros ($5.7 billion) of bills tomorrow.
“Bunds are slightly under pressure, which is most likely due to expectations on Greece building up,” said Michael Leister, a fixed-income strategist at Commerzbank AG in London. The market will welcome “signals that the IMF and EU are to compromise,” he said.
German 10-year yields rose two basis points, or 0.02 percentage point, to 1.35 percent at 1:55 p.m. London time. The rate dropped to 1.31 percent on Nov. 13, matching the lowest since Aug. 31. The 1.5 percent bond maturing in September 2022 fell 0.17, or 1.70 euros per 1,000-euro face amount, to 101.37.
Two-year notes yielded minus 0.022 percent. A negative yield means investors who hold the security until it matures will receive less than they paid to buy it.
EU Meeting
Tomorrow’s meeting of the ministers from the 17-member euro area in Brussels underscores skirmishing among EU officials confronting rising unemployment and a slowing economy as they struggle with the three-year-old sovereign-debt crisis.
IMF Director Christine Lagarde took issue with European governments’ decision last week to push back Greece’s debt- reduction target by two years to 2022 against the fund’s recommendations, raising questions over whether the IMF would keep financing the nation.
The yield on Greece’s 2 percent security due in February 2023 dropped 24 basis points to 17.24 percent, leaving the price at 32.515 percent of face value. The run of price gains is the longest since the period ending Oct. 9.
Volatility on Portuguese bonds was the highest in euro- region markets today, followed by those of Greece, according to measures of 10-year or equivalent-maturity debt, the spread between two- and 10-year securities, and credit default swaps.
MORE - http://www.bloomberg.com/news/print/2012-11-19/german-bunds-are-little-changed-before-eu-finance-ministers-meet.html
Yep, gonna be an ugly December. HOPIUM here in the states what we are seeing. Reality soon enough, and then....crash.
Damn, looks like SPY wants to open up over $138 this morning!
I bet the Euro bozos do one last dopey ass patch job on Greece to keep all this exuberance going, but the reality is that Greece is a dead man walking. The market should enjoy this quick adrenaline rush, but I think it will be time to go short again after some bounces. Do we REALLY think Nancy Pelosi and the Dems REALLY want to bargain in good faith, and NOT put the Republicans in a corner they can't come out of? If the talks fail, they get EVERY damn tax increase they want, and then they can blame those nasty Repubs. A LOSE/LOSE for ALL of us.
Goldman Sachs Upgrades Agilent ($A) to Buy, Sees 37% Upside http://stks.co/nEsq
Ugh, and now up pre-market. Wish I were around Friday night to have seen all those great set-ups.
Wow, and the news just keeps on coming. That may be a GOOD thing, Intel may need a little shake-up to get back in the swing of things.
Wow, look at the nice move Gold and Silver putting in so far.
WSJ: $NFLX Chief Not Seeking a Buyer - If people were going to buy us, they could have bought us any time ..." said Hastings"
Meanwhile, still moving up nice pre-market.
Ah, the old 'Off by a fence post' When I bought my Father in Laws crappy car as a beater for the city, the last 4 numbers on my license plate was 4111. He used to have the SAME 4 numbers on his license plate, so he played the Pick 4 lottery with 4111.
The next day, he sends over the winning number for the day: 4112
UGH!
<Ritholtz>Fiscal Cliff or Slippery Slope? http://t.co/cp1EYgrJ
LOL good morning EZ. What, you only hit 2 Trifectas and the daily double?
It is like a sea of green out there. All thi love and harmony around the world is giving that sugar high. I am wondering how long it will last. I give it til the end of the week. Next week, as the time crunch starts, I bet Washington gets all crazy again, and Europe goes back to its usual miserable self.
Wow, BRIGHT GREEN all over the FINVIZ futures page. So far SHLD only up a smidge, gonna dump those PUTS and take the profit and RUN like EZ's horses.
Hey Larry, hope you had a great weekend. I bet EZ cleaned up at the track.
Good morning Stuff. Just got back from a quickie meeting. The idiocy is taking up a LOT of my time.
Nice to see Lowes beating on Revs. Futures up nice and green so far, should float all boats.
Now I am off to hit the gym and work on my hot bod. WIll be back before open. Please keep SHLD down for me!
Dollar Falls on Obama Budget Optimism; Aussie Climbs
By Neal Armstrong and Mariko Ishikawa - Nov 19, 2012
The Dollar Index fell from near a 10-week high as demand weakened for the relative safety of the U.S. currency amid prospects lawmakers will reach agreement on the nation’s budget and avert the so-called fiscal cliff.
The greenback weakened versus all but one of its 16 major counterparts after U.S. President Barack Obama expressed confidence that an agreement would be reached over the triggering of automatic spending cuts and tax increases at year- end that may push the economy into recession. The yen touched the lowest level in almost seven months versus the dollar. Australia’s currency rose as gains in Asian and European equities boosted demand for higher-yielding assets.
“Overall it’s a slightly softer tone for the dollar to start the week,” said Jeremy Stretch, head of foreign-exchange strategy at Canadian Imperial Bank of Commerce in London. Optimism that the U.S. budget would be agreed “has provided slight relief for risk.”
The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against currencies of six U.S. trading partners, fell 0.2 percent to 81.068 at 9:45 a.m. London time. It reached 81.455 on Nov. 16, the highest since Sept. 5.
The yen was little changed at 81.24 per dollar after touching 81.59, the weakest level since April 25. The Japanese currency lost 0.1 percent to 103.72 per euro after earlier depreciating to 104.11, the least since Oct. 25. The 17-nation euro climbed 0.2 percent to $1.2769.
President Confident
“I am confident we can get our fiscal situation dealt with,” Obama said at a news conference in Bangkok, where he began a three-nation trip that included the first visit by a sitting U.S. president to Myanmar. House Speaker John Boehner said Republicans are willing to put revenue on the table in exchange for spending cuts after Nov. 16 discussions with Obama, which he called “constructive.”
Japan’s currency dropped against all but two of its major peers after Liberal Democratic Party leader Shinzo Abe said he’ll choose someone who favors inflation targets as the next Bank of Japan governor, according to a report by Kyodo News. The BOJ will end a two-day policy meeting tomorrow.
MORE - http://www.bloomberg.com/news/print/2012-11-18/yen-declines-against-most-major-peers-before-boj-meeting.html
<Ritholtz>Is There a Better Way to Allocate Stocks than Buy & Hold?? http://t.co/ubIEquhs
Stocks, Commodities Rise on U.S. Budget Optimism; Dollar Weakens
By Richard Frost and Saeromi Shin - Nov 19, 2012
Stocks rose for the first time in nine days and commodities climbed after U.S. President Barack Obama expressed confidence that he and Congress would reach a budget agreement. Treasuries and the dollar fell.
The MSCI All-Country World Index (MXWD) advanced 0.5 percent as of 8:18 a.m. in London, snapping an eight-day, 4.3 percent decline. The Stoxx Europe 600 Index climbed 0.8 percent. Standard & Poor’s 500 Index futures added 0.3 percent. Oil increased 1 percent in New York and copper gained 1.1 percent in London. Treasury 10-year yields rose 2.5 basis points, the most in two weeks, to 1.61 percent. The dollar weakened against 15 of its 16 major counterparts.
Obama, before starting a three-nation trip in Asia, began a new round of deficit-reduction talks with top Republicans and Democrats in a bid to avoid automatic tax increases and spending cuts that threaten to throw the country into a recession. European finance ministers are due to meet in Brussels tomorrow as they aim to craft a plan for Greece’s next aid payout. Data today may show sales of previously owned U.S. homes stayed at close to a two-year high last month.
“Investors appear to be increasing their bets that the worst-case scenario for the U.S. fiscal situation will be averted,” Kim Dae Young, a Seoul-based fund manager at KB Asset Management Co., which manages about $27 billion in assets, said by phone today.
All 10 industry groups rose in the MSCI Asia Pacific Index (MXAP), which gained 0.9 percent, the most in a month. Japan’s Topix Index (TPX) capped a three-day, 5.5 percent advance amid speculation elections next month will hand power to an opposition party pushing for more stimulus. South Korea’s Kospi Index rallied 0.9 percent. The Shanghai Composite Index added 0.1 percent after falling below 2,000 for the first time in eight weeks.
HSBC Stake
HSBC Holdings Plc gained 1.4 percent in London after saying it’s in talks to sell its stake in Ping An Insurance (Group) Co. (2318), China’s second-biggest insurer. Ping An lost 1.9 percent in Hong Kong.
SAS AB jumped 23 percent in Stockholm after the carrier won the backing of unions representing pilots and most of its cabin crew for plans to eliminate jobs and shrink the business as Scandinavia’s No. 1 airline fights to stay afloat.
MORE - http://www.bloomberg.com/news/print/2012-11-18/u-s-equity-futures-oil-gain-as-obama-pledges-budget-agreement.html
Global shares rally on U.S. fiscal hopes
3:38am EST
LONDON (Reuters) - World shares rose and German government bond prices fell on Monday as investors were encouraged by an improving outlook for talks to resolve an imminent fiscal crunch in the United States.
U.S. lawmakers expressed confidence on Sunday that they could reach a deal to avert the $600 billion "fiscal cliff", which threatened to send the giant economy back into recession.
"If we don't get any deal, and the automatic provisions kick in, it will be a massive blow to economic confidence globally," said Ric Spooner, chief market analyst at CMC Markets.
"And any attempt to just kick this down the road for a later date is also going to have negative implications for the global economy, not just the United States."
However, the rally in share markets only erased part of the losses seen last week with investors still concerned about the ongoing battle to find a long-term funding solution for Greece and the rising tension in the Middle East.
The MSCI world equity index .MIWD00000PUS was up 0.5 percent at 318.94, recovering from a 2.7 percent loss last week, its biggest five-day fall since early June. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS also rose 0.5 percent, recovering from Friday's nine-week low.
The FTSE Eurofirst 300 index .FTEU3 of top European shares was up 0.7 percent in early trading with London's FTSE 100 .FTSE, Paris's CAC-40 .FCHI and Frankfurt's DAX .GDAXI as much as 1.0 percent higher. .L .EU
In the bond market German Bund futures fell 14 ticks to 143.17, although they remain firmly within the 142.83 to 143.48 range that held throughout last week's trading, while U.S. debt futures also dipped.
DOLLAR STRENGTH
In the currency market the dollar rose on growing expectations that a new Japanese government, after the elections to be held next month, will push the Bank of Japan into taking aggressive monetary stimulus measures to boost economic growth.
The dollar rose to as high as 81.59 yen, its highest level since April 25, before settling to trade around 81.25 yen, down 0.2 percent from late U.S. trade on Friday.
The BOJ begins a two-day policy meeting on Monday, and is not expect to take fresh policy steps ahead of the December 16 vote.
The euro rose about 0.1 percent to $1.2755 as the market waits to see how euro zone finance ministers and the International Monetary Fund will resolve their differing views on managing Greece's debt mountain.
European officials are due to meet on Tuesday and are expected to discuss a two-year funding deal for Greece deal which would postpone any longer-term solution until after a September 2013 German general election.
MORE - http://www.reuters.com/article/2012/11/19/us-markets-global-idUSBRE88901C20121119?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29