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07/17/2017 Live Update

Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 2:32 pm

3rd test of ema20 from under, the previous 2 crossed over, so the 3rd time might be different, let's see.
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Re: 07/17/2017 Live Update

Postby Al_Dente » Mon Jul 17, 2017 2:35 pm

Reporting tonight:
NFLX
Reporting tomorrow before the open:
BAC
SCHW
GS
JNJ
UNH
Reporting tomorrow after the close:
IBM
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Re: 07/17/2017 Live Update

Postby Al_Dente » Mon Jul 17, 2017 3:00 pm

HAPPY HOUR
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Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 3:07 pm

indeed the 3rd time couldn't cross over. now a breakdown is more likely.
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 3:21 pm

Trades with cats wrote:Daniel, Pasta Boss posted an interview with a 28 year old Hedge Fund manager a while ago. He was 28 and running a lot of money...... and he preferred to hire Ivy League history majors like himself because they were more capable of seeing opposing views at the same time.

Absolutely. Excellent points! (*In the complete post, above is abridgment).

I was just listening to Bloomberg radio, an interview w the portfolio manager for the Texas Tech endowment. He indicated that 55% of this (COLLEGE!!) portfolio is in "alternative assets". 10% hard assets and their derivatives, 15% one trading strategy which is "non-correlated with stocks and bonds", and 30% another non-correlated strategy (which sounded like a kind of entrepreneurial 'loan-sharking', from the way he described it).

And this is a supposedly "staid, bland" college endowment fund.

So yes, any kind of thinking outside the box is highly prized these days.

:)
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Re: 07/17/2017 Live Update

Postby Al_Dente » Mon Jul 17, 2017 3:27 pm

Courtesy Charlie Bilello, director of research at Pension Partners, who noted that with the exception of Russia, “every country ETF in the world is positive in 2017 with an average return of 19%.” Russia, based on the iShares MSCI Russia Capped ETF "ERUS" is down 8.6% over the same period.
717world.png.png
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 3:28 pm

Meanwhile, GLD has quietly staged a powerful move from the 115 level touched a week ago.

At 117.50ish, it does not have that far to go before it erases the early July Fed day huge gap down. GDXJ is supportive of addl gold gains, as it continues to hold a >1% gain today.

+++++++++++++++++++

Also of note: unless some decent volatility kicks in at the close, many major ETFs will close today w daily NR7 bars. As these (often) are associated with a sudden kick up in volatility shortly thereafter, we may be experiencing a Big Move warning...
Last edited by Daniel on Mon Jul 17, 2017 3:34 pm, edited 1 time in total.
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 3:29 pm

Al_Dente wrote:...with the exception of Russia

Good. Serves them right, messing with our elections. :mrgreen:
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Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 3:36 pm

the pullback might over.
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 3:38 pm

Is there any inverse correlation between gold and crypto currencies? Only solid correlation I have read about is that the Yen and gold are supposed to be tightly correlated.
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Re: 07/17/2017 Live Update

Postby Al_Dente » Mon Jul 17, 2017 3:46 pm

Since the start of the year, the combined market value of AMZN AAPL FB GOOGL has increased by more than $500 billion. – WSJ
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Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 3:49 pm


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Re: 07/17/2017 Live Update

Postby Cobra » Mon Jul 17, 2017 3:51 pm

well, guess that's it for today. Tuesday tomorrow has been bear friendly recently. thank you guys, I'll see you tomorrow.

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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 3:52 pm

Into the close, NYSE up/down vol remains mildly bullish, Naz mildly bearish.

Advancers, on both, are average... and around the upper third of their daily range.

A mid-July kind of day.

:|
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Re: 07/17/2017 Live Update

Postby QED » Mon Jul 17, 2017 3:53 pm

Daniel wrote:Also of note: unless some decent volatility kicks in at the close, many major ETFs will close today w daily NR7 bars. As these (often) are associated with a sudden kick up in volatility shortly thereafter, we may be experiencing a Big Move warning...

Bulkowski's NR7
http://thepatternsite.com/nr7.html
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 3:53 pm

10 minute warning, tighten your set belts, it's earnings time !
Old advice on a beat was to buy the first pullback. Don't know how that works with all the bots out there now. :o
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Re: 07/17/2017 Live Update

Postby Al_Dente » Mon Jul 17, 2017 3:55 pm

could someone please post the NFLX after hours reaction to earnings
thanks
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Re: 07/17/2017 Live Update

Postby Daniel » Mon Jul 17, 2017 4:00 pm

Al_Dente wrote:Since the start of the year, the combined market value of AMZN AAPL FB GOOGL has increased by more than $500 billion. – WSJ


Confirmation of something Al D posted a week or two ago-- FDN is indeed the ETF w the highest percentage by market cap of the five FAANG companies.

Even more than the new AdvisorShares ETF known as FAANG and now trading (for a few days) under the symbol FNG. This new one has only 25% FAANG stocks. FDN has about 35%.

The Bloomberg guys were having fun w it. "There's only 25% faang in FAANG" they chortled. Comparisons were made to orange juice drink vs. orange juice concentrate. Beware investing just on a name, was their main point.

GLTA
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Re: 07/17/2017 Live Update

Postby QED » Mon Jul 17, 2017 4:06 pm

Al_Dente wrote:could someone please post the NFLX after hours reaction to earnings
thanks

NFLX so far is $176.72 and JUMPING!!!
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Re: 07/17/2017 Live Update

Postby Trades with cats » Mon Jul 17, 2017 4:33 pm

Q2 net streaming additions 5.2 million, Exp. 3.27 million
Q2 domestic net streaming additions 1.07 million, exp. 633K
Q2 international net streaming additions 4.14 million, exp. 2.63 million

That is all that counts.

This, just like with Tesla, is a who cares.
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Because:
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