1 hour opening range, Stuck in the middle again, right at the middle of the overnight price range. In olden days I would have said looks like a boring range day but with news driven market and twitter I dare not say that.
Trades with cats wrote:QQQ don't get it, wire service this morning talking about Amazon about to land 10 billion contract with Department of Defense for cloud services, that is their 50% margin bright spot in their business.
boss, have u got a link for that?
I would have thought AMZN would be last on the list, because tweets etc
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Open question on yesterday, given today's lack of follow through:
1. Larry Kudlow using an experimental DARPA rainbow gun.
2. breakthrough in trade negotiations, we get someone who knows something from PBOC and they take Mnuchin and a future draft choice.
3. old school short squeeze
Trades with cats wrote:QQQ don't get it, wire service this morning talking about Amazon about to land 10 billion contract with Department of Defense for cloud services, that is their 50% margin bright spot in their business.
I thought the White house was planning to cancel some cloud services with Amazon??
Educational only and not trading advice (EO&NTA) Good trading to all
Amazon and DOD- tweet with picture of Bezo's in baseball cap and aviator sunglasses has been pulled. Lots of stuff last 24 hours or more in the media. For example http://thehill.com/policy/technology/38 ... d-contract. Bottom line it is a huge contract. Media says no one else is large enough to do the contract. Amazon claims a 50% margin on cloud services, doubt they will do DoD for free. Waiting for the fat lady to sing on this!
Best looking m,ove so far today on my fast tick charts but the overnight high has paused it. My guess is those London/Frankfurt traders lightening up 20 minutes before their close.
fehro wrote:/ES 15m.. fwiw.. minor H&S … mind a retrace to yellow triangle.. key area… SPX 200d SMA key to the downside.. 20d.50d to the insane upside move.
INDU >20d RUT 3 points shy of 50d USdollar strong.. /CL holds 20d SMA retest mind those 20d/50d .. so close
Trades with cats wrote:Amazon and DOD- tweet with picture of Bezo's in baseball cap and aviator sunglasses has been pulled. Lots of stuff last 24 hours or more in the media. For example http://thehill.com/policy/technology/38 ... d-contract. Bottom line it is a huge contract. Media says no one else is large enough to do the contract. Amazon claims a 50% margin on cloud services, doubt they will do DoD for free. Waiting for the fat lady to sing on this!
Aside from the fact that the DOD shouldn't be putting stuff on the cloud for security reasons (*), they have had they own computers for a long time - why would they bother even outsourcing storage at all with storage so cheap?
I really hate this "OH MY we MUST do the cloud!! It is SO like now."
(*)
Delliote lost all clients info (emails confidential contract details stored on cloud,
Equifax - how does one spell incompetence?
Educational only and not trading advice (EO&NTA) Good trading to all