Back to www.cobrasmarketview.com

   

11/07/2017 Live Update

Re: 11/07/2017 Live Update

Postby Cobra » Tue Nov 07, 2017 1:44 pm

maybe the low was in. may still have a higher low though.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38243
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/07/2017 Live Update

Postby Al_Dente » Tue Nov 07, 2017 1:46 pm

User avatar
Al_Dente
 
Posts: 18880
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/07/2017 Live Update

Postby fehro » Tue Nov 07, 2017 2:09 pm




Instead of paying Irish corporation tax of 12.5%, or the US rate of 35%, Apple's avoidance structure helped it reduce its tax rate on profits outside of the US to the extent that its foreign tax payments rarely amounted to more than 5% of its foreign profits, and in some years dipped below 2%.
The European Commission calculated the rate of tax for one of Apple's Irish companies for one year had been just 0.005%.

Apple's 2017 accounts showed they made $44.7bn outside the US and paid just $1.65bn in taxes to foreign governments, a rate of around 3.7%. That is less than a sixth of the average rate of corporation tax in the world.


http://www.bbc.com/news/world-us-canada-41889787
fehro
 
Posts: 21169
Joined: Fri Sep 02, 2011 2:06 pm

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 2:14 pm

Apple sold another 5 billion in bonds, so Tim can continue "enhancing" shareholder value with buybacks and dividends. Does anyone doubt how much the CEOs of these international firms would love a chance to bring the money home and pay off that rising pile of debt.
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby Al_Dente » Tue Nov 07, 2017 2:55 pm

“should” go down, doesn’t mean it will
NYMOs daily
117nymo.png.png
User avatar
Al_Dente
 
Posts: 18880
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 3:01 pm

NYMO- Yes that long post by Northman Trading this weekend he noted that the new highs were happening on a negative NYMO.

My first 'trading system' used the NYMO. I am not as dedicated as Mr. Bachnut, as I never put it into practice as it required holding for days at a time and the memory of watching the great flash crash live on my screen was too close to the surface.
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 3:12 pm

ES 12-17 (1000 Tick)  11_7_2017b.jpg


ES 2587.50 looks like such an obvious target I suppose it will take the rest of the session to drift up there. But IF we close at what will be two days worth of VWAP and just slightly red on the day (TO CLEAR THE SLATE of all those statistics on consecutive days) well won't that leave the market in a great position to once again test that all time high.
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby K447 » Tue Nov 07, 2017 3:14 pm

fehro wrote:



Instead of paying Irish corporation tax of 12.5%, or the US rate of 35%, Apple's avoidance structure helped it reduce its tax rate on profits outside of the US to the extent that its foreign tax payments rarely amounted to more than 5% of its foreign profits, and in some years dipped below 2%.
The European Commission calculated the rate of tax for one of Apple's Irish companies for one year had been just 0.005%.

Apple's 2017 accounts showed they made $44.7bn outside the US and paid just $1.65bn in taxes to foreign governments, a rate of around 3.7%. That is less than a sixth of the average rate of corporation tax in the world.


http://www.bbc.com/news/world-us-canada-41889787


Don’t ignore the effect of deferred accruals on Apple’s tax position. My understanding is that Apple has a rather significant set-aside portion for eventual payment of US taxes.

https://finance.yahoo.com/news/understa ... 05625.html
K447
 
Posts: 450
Joined: Fri Aug 26, 2011 10:43 am

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 3:15 pm

Chair Yellen is accepting an honesty in government award so I kinda doubt she is going to move trhe market into the close today :o
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby Al_Dente » Tue Nov 07, 2017 3:23 pm

K447 wrote:................. eventual payment of US taxes..........


reminds me of my favorite Eagles album
"Hell Freezes Over"
https://www.youtube.com/watch?v=fZeUgJmbZ5s
User avatar
Al_Dente
 
Posts: 18880
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/07/2017 Live Update

Postby Al_Dente » Tue Nov 07, 2017 3:31 pm

and here's the mcclellan on smalls

117nymo sml.png.png
User avatar
Al_Dente
 
Posts: 18880
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 3:50 pm

So as long as we close red it counts as bearish engulfing, so gives Cobra something to talk about tonight. You would guess that this is important if it includes a new high but only research will reveal the truth.
Bulkowski says it isn't a good long term marker, just good for a short term reversal. So maybe it is telling us to be ready to buy the dip once again in a couple of days :lol: :twisted:
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby Al_Dente » Tue Nov 07, 2017 4:01 pm

HAPPY HOUR
wall of worry.png.png
User avatar
Al_Dente
 
Posts: 18880
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 4:07 pm

I thought that was the higher low an hour ago. Cant think "they" will let this close below yesterday's low, but we are really close.
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby Trades with cats » Tue Nov 07, 2017 4:12 pm

Quick get Thomas Jordan of the Swiss National Bank on the hot line phone!. Yes, immediately Mrs Yellen! :lol:
Trades with cats
 
Posts: 4016
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/07/2017 Live Update

Postby fehro » Tue Nov 07, 2017 4:13 pm

TRANSports nLOD, nLOW, <50d having problems
Attachments
Screen Shot 2017-11-07 at 12.13.00 PM.png
fehro
 
Posts: 21169
Joined: Fri Sep 02, 2011 2:06 pm

Re: 11/07/2017 Live Update

Postby Cobra » Tue Nov 07, 2017 4:52 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38243
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/07/2017 Live Update

Postby Cobra » Tue Nov 07, 2017 4:54 pm

well, guess that's it for today. Wednesday tomorrow has been overwhelmingly bull friendly. thank you guys I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38243
Joined: Sat Feb 12, 2011 10:29 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], Trades with cats and 20 guests