02/18/2016 Live Update

[fehro]

SPX

[BullBear52x]

bears are on the move now.

[fehro]

Apple firmed up the bond deal this week does anybody know was it 10, 15 20 billion? No way would I be going short when Cook has that much ammo, unless the hedge funds really start dumping.

rumours that iPhone sales are under pressure.. and falling.. any fallout about AAPL "keeping encryption" even with US court order re: bernardino shooting ? . tough call.. chart , weekly looks like it's under pressure..

[BullBear52x]

when thing about to get good we run out of time, oy,

[Out of Bounds]

Apple firmed up the bond deal this week does anybody know was it 10, 15 20 billion? No way would I be going short when Cook has that much ammo, unless the hedge funds really start dumping.

Geez, he already has all the ammo in the world he could ever use.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2016/02 ... ay-update/

[Cobra]

well, guess that's it for today. Friday tomorrow has been mixed. 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

[BullBear52x]

Chart for the road: so far daily trend following 101 class got a good head start. Peace!

[fehro]

SPX ..eeks out a new LOD.. that was a painful trade.. from the 1925 range..

[Al_Dente]

Note symbol UDF
“Company Flagged By Kyle Bass As A Ponzi Scheme Was … Raided By The FBI” today

[daytradingES]

Not locked in yet but crude looks to breakdown
(pink boxes show possible extensions below neckline move)
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ES could follow it downwards
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7:28 AM 2/19/2016

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 -0.46%) are down -0.47% and European stocks are down -1.33% as they track crude oil prices lower. Mar WTI crude oil is down -1.92% on concern that oversupply of crude will persist after EIA data yesterday showed U.S. crude stockpiles expanded to 504 million bbl, the highest since weekly data began in 1982 and in monthly data going back to 1930. Weakness in European insurance companies are leading European stocks lower, led by a -1.5% decline in Allianz SE, after it reported weaker-than-expected quarterly profits. Asian stocks settled mostly lower: Japan -1.42%, Hong Kong -0.40%, China -0.10%, Taiwan +0.12%, Australia -0.79%, Singapore -0.03%, South Korea +0.23%, India +0.25%.

The dollar index (DXY00 -0.13%) is down -0.06%. EUR/USD (^EURUSD) is up +0.05%. USD/JPY (^USDJPY) is down -0.37%.

Mar T-note prices (ZNH16 +0.26%) are up +10 ticks.

San Francisco Fed President John Williams said late yesterday that "the economy is actually done fine" and he sees a gradual U.S. rate hike path as the "best course." He added that while the Fed has tools to deal with an economic downturn including negative interest rates, he doesn't expect that it will have to use them.
U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Cleveland Fed President Loretta Mester's speech at a breakfast meeting on the economic outlook at the Global Interdependence Center in Sarasota, FL, and (2) Jan CPI (expected -0.1% m/m and +1.3% y/y, Dec -0.1% m/m and +0.7% y/y) and Jan CPI ex food & energy (expected +0.2% m/m and +2.1% y/y, Dec +0.1% m/m and +2.1% y/y).

There are 6 of the S&P 500 companies that report earnings today: Deere (consensus $0.71), Cabot Oil (-0.04), Pinnacle West Capital (0.26), Ameren (0.15), VF Corp (1.01), PSEG (0.50).

U.S. IPO's scheduled to price today: none.

Equity conferences during the remainder of this week include: none.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 -0.46%) this morning are down -9.00 points (-0.47%). Thursday's closes: S&P 500 -0.47%, Dow Jones -0.25%, Nasdaq -1.13%. The S&P 500 on Thursday closed lower on the OECD's cut in its 2016 global GDP forecast to 3.0% from a Nov projection of 3.3% and on weakness in energy producers after crude oil prices fell back from a 2-week high. Stocks received some support from the unexpected -7,000 decline in U.S. weekly initial unemployment claims to a 2-1/2 month low of 262,000, better than expectations of +6,000 to 275,000.

Mar 10-year T-notes (ZNH16 +0.26%) this morning are up +10 ticks. Thursday's closes: TYH6 +15.50, FVH6 +7.50. Mar T-notes on Thursday closed higher on increase safe-haven demand with the sell-off in stocks and on global growth concerns after the OECD cut its 2016 global GDP estimate.

The dollar index (DXY00 -0.13%) this morning is down -0.059 (-0.06%). EUR/USD (^EURUSD) is up +0.0005 (+0.05%). USD/JPY (^USDJPY) is down -0.42 (-0.37%). Thursday's closes: Dollar Index +0.165 (+0.17%), EUR/USD -0.0021 (-0.19%), USD/JPY -0.86 (-0.75%). The dollar index on Thursday closed higher on signs of U.S. labor market strength after weekly initial jobless claims fell to a 2-1/2 month low and on weakness in EUR/USD which fell to a 2-week low on speculation the ECB may boost stimulus measures after the minutes of Jan 21 ECB meeting showed policy makers were concerned about global risks to the economic outlook.

Mar WTI crude (CLH16 -2.34%) this morning is down -59 cents (-1.92%) and Mar gasoline (RBH16 -1.18%) is down -0.0084 (-0.86%). Thursday's closes: CLH6 +0.11 (+0.36%), RBH6 -0.0310 (-3.09%). Mar crude oil and gasoline on Thursday settled mixed. Crude oil prices were undercut by the +2.147 million bbl increase in EIA crude inventories to a record high 504.1 million bbl and by the +36,000 bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a record high 64.7 million bbl. Crude oil prices were supported by the -0.6% decline in U.S. crude production in the week ended Feb 12 to 9.135 million bpd, a 3-1/2 month low, and by the unexpected fall in U.S. weekly jobless claims to a 2-1/2 month low, a sign of labor market strength that benefits economic growth and energy demand.

GER 0200 ET German Jan PPI expected -0.3% m/m and -2.0% y/y, Dec -0.5% m/m and -2.3% y/y.
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From ZH:
Not even this morning's mandatory European open ramp has been able to push US equity futures higher, and as a result moments ago the E-mini hit session lows on rising concerns about Brexit as talks drag on in Brussles, but mostly as a result of overnight confusion about China's loan explosion and whether the PBOC has lost control over its maniacally-lending banks.

The biggest news overnight, in addition to the endless Brexit negotiations, was a report that the PBOC will hike RRR-rates on some banks, a move that may contain credit growth after advances by smaller lenders jumped in January. It also suggests that any incremental easing in China may be off the table for some time.

As a reminder, following January's CNY3.42 trillion surge in Total Social Financing, one estimate showed that February is already run-rating at roughly the same number, suggesting a total credit injection in the first two months of roughly $1 trillion. It is this surge that has apparently spooked the PBOC.

U.S. crude stockpiles rose by 2.15 million barrels to 504.1 million last week, according to the Energy Information Administration. That’s the highest level in EIA data going back to 1930. In another sign of the glut, supplies at Cushing, Oklahoma, the biggest U.S. oil-storage hub, rose to a record 64.7 million barrels. The site, which is the delivery point for WTI, has a working capacity of 73 million, according to the EIA.