yowza just overheard on the shadowtrader squawk box that we've had 7 back-to-back poor highs on market profile ... don't think i've ever seen that before a big move brewing in either direction?
...and we have yet another *cough* poor high *cough* forming on today's profile lol albeit we still have 5 hours of the trading day still left in front of us so this could get repaired before then ... but kind of comical nevertheless ... if this does not get repaired in the RTH that would make it 8 in a row for the count ... and we still have that ultimate poor high up at the ATHs still to be repaired as well lol
can you say chhhhooooopppppy lol +8 handles, -8 handles, +9 handles, -8 handles next up to bat, +8 handles? edit: yep already back up to +6h as of this edit lol
not much doing on the earnings calendar front this week, just a few noteworthy names reporting... here are today's after-market and tomorrow's pre-market companies coming out with ER: $BBY $TOL $SJM $ZOES $NDSN $KIRK $TSL $HQCL $AMWD $PINC $BMO $DAKT $YGE
The S&P 500's new sector could be a really big deal http://www.cnbc.com/2016/08/22/the-sp-500s-new-sector-could-be-a-really-big-deal.html
@MaximusAnalysis monday post-market commentary choppy indeed ... cash s&p is essentially unch'd since nfp's
glad i held onto LABU and didnt take profits yesterday, the price action was really bullish yesterday, i can tell there was more room to run.
Early movers: BBY, SJM, MON, MDT, PNRA, SONC, PLAY, DRI, SQ & more Best Buy — The electronics retailer earned 57 cents per share for the second quarter, 14 cents a share above estimates. Revenue also beat forecasts. U.S. comparable-store sales rose 0.8 percent, compared to the 0.4 percent drop expected by analysts surveyed by Thomson Reuters. J.M. Smucker — The food producer reported adjusted quarterly profit of $1.86 per share, beating estimates of $1.74 a share. Revenue missed estimates, as demand for some of Smucker's pet food products fell, but the company benefited from cost reductions. Monsanto — Talks with Germany's Bayer about an improved takeover bid for the chemical maker are going well, according to a Bloomberg report. Medtronic — Citi began coverage of the medical device maker with a "buy" rating, citing upbeat physician surveys as well as key partnerships struck by the company. Panera Bread, Sonic, Dave & Buster's, Darden Restaurants — Canaccord Genuity issued a generally cautious report on the restaurant industry, but rated these four companies a "buy" based on same-store sales trends, potential for market share gains, attractiveness to millennials, and reasonable valuations, among other factors. Volkswagen — Volkswagen settled a dispute with two key parts suppliers and said affected plants would gradually resume production as parts are delivered. Toll Brothers — The luxury home builder matched estimates with quarterly profit of 61 cents per share. Revenue exceeded forecasts. The company saw both home sales and home prices increase from a year earlier. Square — Square was upgraded to "buy" from "hold" at Stifel Nicolaus, with the firm pointing to both valuation and the mobile payment company's progress in developing its payment platform. Tableau Software — Tableau appointed former Amazon.com executive Adam Selipsky as its new chief executive officer. Tableau co-founder Christian Chabot, who had been CEO, will remain as chairman of the business software maker's board. Amazon.com — Amazon is working on a new music subscription service that would cost about $5 per month, according to Recode. The service would only work on its proprietary Echo hardware. Mylan — The drugmaker is coming under fire for sharply increasing the price of its EpiPen devices used by people to treat severe allergic reactions. Senate Judiciary Committee Chairman Chuck Grassley has written to Mylan CEO Heather Bresch asking for an explanation, and committee member Sen. Amy Klobuchar urged the Federal Trade Commission to investigate the price hikes. MetLife — The insurer is getting support from state insurance regulators in its court battle to have its "SIFI" designation removed. Its designation as a systemically important financial institution subjects it to enhanced federal oversight, but the National Association of Insurance Commissioners — made up of state regulators — has maintained for several years that state oversight of MetLife is sufficient. Apple — Apple spoke with ride-sharing service Lyft about a potential operational alliance, according to the New York Post. But the talks were reportedly not part of Lyft's investigation of possible strategic alternatives, such as a sale.
#ES_F $ES_F #SPY levels to watch 2197.75 / / 2186 / / 2174.50 #CL_F $CL_F #Crudeoil levels to watch 48.19 // 47.33 / / 46.47
yo @Ken34 we're like 3 handles from repairing the poor high from last monday ... think we do it today?
yellen speaks today, what do you think? lol. weve been holding the 21 ema on the spx through all these sell offs and gap downs, and it keeps getting bought back, i think we will repair all of the poor highs before we break the 21. but if we do break the 21, i wouldnt be surprised if we sell off to 2130ish area.
Nothing special happening until Dec most likely, and the market is perfectly ok with a rate hike then.
