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Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 1:44 pm
by Cobra
maybe the low was in. may still have a higher low though.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 1:46 pm
by Al_Dente

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 2:09 pm
by fehro



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

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 2:14 pm
by Trades with cats
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.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 2:55 pm
by Al_Dente
“should” go down, doesn’t mean it will
NYMOs daily
117nymo.png.png

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:01 pm
by Trades with cats
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.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:12 pm
by Trades with cats
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.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:14 pm
by K447
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

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:15 pm
by Trades with cats
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

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:23 pm
by Al_Dente
K447 wrote:................. eventual payment of US taxes..........


reminds me of my favorite Eagles album
"Hell Freezes Over"
https://www.youtube.com/watch?v=fZeUgJmbZ5s

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:31 pm
by Al_Dente
and here's the mcclellan on smalls

117nymo sml.png.png

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 3:50 pm
by Trades with cats
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:

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 4:01 pm
by Al_Dente
HAPPY HOUR
wall of worry.png.png

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 4:07 pm
by Trades with cats
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.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 4:12 pm
by Trades with cats
Quick get Thomas Jordan of the Swiss National Bank on the hot line phone!. Yes, immediately Mrs Yellen! :lol:

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 4:13 pm
by fehro
TRANSports nLOD, nLOW, <50d having problems

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 4:52 pm
by Cobra

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 4:54 pm
by Cobra
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