this is getting tiring...all these poor highs are showing is there is no buying follow through, allowing sellers to come in and sell it back down, but they arent getting anywhere either, they keep running into support and get no follow through. just a dumb tug of war between short term traders. where the real money at to move these markets?
Pinch me when the fed funds rate is kept at 1.5% - 2.0%. Until then, nothing changes. You leverage up on the risk trade and pair it down with a trade in the bond market as insurance. The fulcrum was placed back in 2009 to direct control over financial markets. Both ends of the trade are getting heavier and heavier. One has to snap and break the pendulum. Its sounds like a broke record, but financial markets are clearly hinting at it. Interest rates are the weight. The amplitude of each economic cycle is getting narrower and narrower. Something has to give soon. Cost-push inflation and inventory build can only drive demand and supply so much.
i agree ... for now though it would seem like most are chalking up this horrific chop fest to the summer doldrums as most traders are still away from their trading desks and are out enjoying the final few weeks of the summer ... perhaps we find out next month if we are still in this choppy ass range bound market (or not )? whatever the indices decide to do from here is cool with me, up or down, but pick a direction lol ... this Q3 is kinda reminiscent of H1 2015 imo ... i believe we were getting a handful of poor highs then as well if my memory serves correctly? that could be a looooooong time from now though, no? i'm really beginning to wonder if i will ever see rates back up to even a lick of normalcy in my lifetime ever again lol
btw, in case any of you missed my thread over the weekend, tomorrow will be marking the 1-year anniversary of the markets largest intraday point decline on record- click there if you're in the mood to reminisce that morning: --> http://www.stockaholics.net/threads...argest-intraday-point-decline-on-record.1849/
Parts of the market: everyone knows about semiconductors, and also cybersecurity is heating up (QLYS, PANW, CYBR, FTNT).
Virtual reality thing: http://www.bloomberg.com/news/artic...cruit-web-stars-hulu-for-virtual-reality-push Google will promote Hulu projects and produce VR videos in coordination with YouTube creators. Partnerships with video-game makers and sports leagues are also cited. Netflix, HBO, IMAX and others were already announced as partners for the Android-powered platform at Google's I/O event earlier this year. Daydream (https://vr.google.com/daydream/) is expected to go live in coming weeks.
yea, im in LABU, biotechs been catching a bid lately. did you guys hear about the new F.A.N.G? its called B.L.A.T the new market leaders for 2016! BABA LN ACIA TWLO @Cy McCaffrey
Early movers: FIT, TSLA, PFE, LZB, CLVS, NMBL & more Pfizer — The pharmaceutical giant agreed to buy AstraZeneca's small molecule antibiotics business in a deal that could be valued at more than $1.5 billion. Pfizer also agreed to buy Medivation for approximately $14 billion earlier this week. Royal Bank of Canada — RBC reported better-than-expected quarterly results, with funds set aside to cover bad loans falling thanks to higher oil prices. Like other Canadian lenders, RBC had seen a rise in bad loans to oil and gas companies due to declining energy prices. Lowe's — Bank of America/Merrill Lynch added the home improvement's stock to its "US1 list of top ideas." BofAML said "we positive on sustained big-ticket demand for home improvement and believe LOW will continue to benefit from supportive macro trends including rising home prices, housing turnover and new home formation." Fitbit — A U.S. International Trade Commission ruled Fitbit did not steal rival Jawbone's trade secrets. Jawbone accused Fitbit of infringing six patents and luring away employees to with confidential data about Jawbone's business. Intuit — The financial software firm reported fiscal fourth-quarter adjusted earnings of 8 cents per share on revenue of $754 million, both above estimates. However, the company's revenue guidance came in below analysts' expectations, in a range between $740 million and $760 million. Tesla Motors — Tesla announced new versions of its Model S and Model X that include longer battery range and faster acceleration. La-Z-Boy — La-Z-Boy reported a 1.9 percent drop in same-store sales for its fiscal first quarter. The firm also posted adjusted earnings of 28 cents a share on revenue of $341 million, missing expectations. Nimble Storage — The data storage company posted a wider-than-expected adjusted loss and revenues below estimates. CEO Suresh Vasudevan said in a statement "we saw strong momentum in customer and channel partner adoption of our All Flash arrays." Clovis Oncology — The drugmaker's stock soared 7.5 percent in the premarket after the U.S. Food and Drug Administration accepted the company's application for accelerated approval of rucaparib, an anti-cancer agent.
another chop fest session forthcoming today? looks like yellen speech is officially set for 10am eastern on friday...
man, the longer we sit in this tight range, the more skeptical i get. i initially was thinking we would continue higher especially with the poor high left at the ATH. but after seeing what happened last year after a long tight range, makes you wonder.
i agree @Ken34 not much fanfare at the ATH ... i believe we only took out last monday's poor high by 3 ticks leaving us with yet another poor high yesterday ... i think you hit the nail on the head yesterday in your tug of war comment about short-term traders ruling the market as of late this is about the choppiest i've seen it in a while ... maybe ever? ... H1 of last year was kind of similar but these past 3-4 weeks have been unprecedented to say the least perhaps next month we'll see the markets true colors come out ... i'll be damned if we stay in this range going into the elections
#GC_F $GC_F #GOLD levels are 1341.9 / / 1332.7 / / 1323.6 $ES_F #ES_F#SPY levels to watch 2197.75 / / 2186 // 2162.75 $CL_F #CL_F #gold levels to watch 48.19 / / 47.33 / / 46.47
