Alright, I went ahead and bought long pounds here. Just a small position. Put my stop below the low. Probably not the smartest thing I've done, since I don't even know how much money there is in a tic. Guess I'll find out soon enough!
I changed my mind. I put my stop below the October low instead. Only another few pips away. My stop is now 1.2030
I couldn't resist the siren song of the pound and went long again. At 1.2055. My stop is at 1.200 which is right below one of my favorite hourly candles. I think I'll lose around $500 or so if I'm stopped out.
It's getting very close, somewhere around here. The FTSE is out of control to the upside. Only a few days max before it breaks IMO. Started shorting Thursday.
Always tough to make the call after a long weekend. Add to that the short trading week. And add to that the RUT ending smack in the middle of it's chop. Ugh. I'll go ahead and say green tomorrow -- I like how the RUT looks on the Daily & 2-Hour charts. We'll see...happy trading everyone! Like it or not, here comes The Donald!
I'd really like to get short this market. I've not see an entry I like yet. Maybe tomorrow I'll see something I like.
I'm pretty confused by this Forex stuff. Maybe I shouldn't be swimming in waters that are so unfamiliar to me? For example, I had two losing trades yesterday that I opened and closed. One trade lost me $170.22 and the second trade lost me $101.47. OK, so that's pretty clear. I bought high and sold low. Clear as a bell. Then I bought again last night and held on. Today it said in my account that the settlement price was 1.22. 1.22!? When did it get to 1.22? Right now it says my account is down about half a percent, yet, I'm up money. How do they get a settlement price of 1.22 when my charts make it look like the high is 1.2150?
Good morning Stockaholics! Hope everyone had a nice relaxing long weekend. Here are this morning's pre-market stock movers & news on this Tuesday- Spoiler: 1/17 Tuesday's Stock News Movers: MS, UNH, WMT, TIF, TWTR, NFLX, DIS, JWN, CMG, FB, RAI, GM, SNE (CLICK TO SHOW!) 1/17 Tuesday's Stock News Movers: MS, UNH, WMT, TIF, TWTR, NFLX, DIS, JWN, CMG, FB, RAI, GM, SNE Good day Stockaholics! Happy Tuesday! Frontrunning: January 17 Theresa May pledges clean Brexit break (FT); May Pledges Vote on Brexit Taking U.K Out Of EU’s Single Market (BBG) Donald Trump Warns on House Republican Tax Plan (WSJ) Trump, Fed Headed for Clash Amid Dollar Surge, Economists Say (BBG) China’s Xi Warns Against Trade War in Defense of Globalization (BBG) Morgan Stanley Profit Rises on Surge in Bond-Trading Revenue (BBG) Germany says NATO concerned about Trump 'obsolete' remark (Reuters) Trump, Brexit uncertainty hit stocks and dollar, gold jumps (Reuters) BAT agrees takeover of Reynolds in $49.4bn deal (FT) Trump team defends health pick Tom Price over ethics charge (Reuters) Hyundai-Kia to Invest $3.1 Billion in U.S., Mull New Plant (BBG) Russia expects dialogue with Trump on nuclear weapons: Lavrov (Reuters) Top Trump trade adviser offshored thousands of jobs (Reuters) Be Skeptical of the Fed's Rate Signals (BBG) Women's apparel retailer Limited Stores files for bankruptcy (Reuters) Women's apparel retailer Limited Stores files for bankruptcy (Reuters) China's Oil Collapse Is Unintentionally Helping OPEC (BBG) Timeless Ritual to Meet Partisan Rancor at Trump’s Inauguration (BBG) In U.N. lawsuit, Ukraine demands Russia end support for separatists (Reuters) Samsung chief faces long day as South Korean court weighs arrest warrant (Reuters) STOCK FUTURES NOW: FRIDAY'S MARKET HEAT MAP: FRIDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): SPY JDST JNUG MS NFLX UNH GLD CMA DIS CWEI XEC RAI DUST SNV OZRK GDXJ TIF JWN HUN DVN NUGT NBL FB CLR ARRY THIS WEEK'S EARNINGS CALENDAR: THIS WEEK'S IPO's: TODAY'S EARNINGS RELEASES: BEFORE MARKET OPEN: AFTER MARKET CLOSE: THIS MORNING'S ANALYST UPGRADES/DOWNGRADES: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Morgan Stanley — The company earned 81 cents per share for the fourth quarter, well above estimates of 65 cents a share. Revenue also beat forecasts. Morgan Stanley's results were helped in part by a surge in trading activity after the presidential election. UnitedHealth Group — The health insurer earned an adjusted $2.11 per share for the fourth quarter, 4 cents a share above estimates. Revenue also beat Street forecasts. UnitedHealth saw strength in its pharmacy benefit management business and noted a large increase in medical benefits customers during 2016. Wal-Mart — The retail giant said it planned to add about 10,000 U.S. retail jobs, as it opens new stores and expands existing Walmart and Sam's Club locations. The company also said its moves would provide about 24,000 construction jobs. Tiffany — The luxury goods retailer reported a 4 percent drop in holiday-period same-store sales, pointing to a decline in consumer spending. It also said sales at its flagship New York location were hurt by traffic disruption near Trump Tower, and that it does not anticipate a significant improvement in economic conditions this year. Twitter — UBS downgraded the stock to "neutral" from "buy," saying the company faces a number of operating challenges. Netflix — Netflix was upgraded to "buy" from "neutral" at Mizuho, with the price target increased to $152 per share from $112. Mizuho points to the possibility of material growth for Netflix in international markets. Walt Disney — Disney was upgraded to "buy" from "neutral" at Goldman Sachs, citing optimism about Disney's 2018 film offerings among other factors. Nordstrom — Nordstrom was downgraded to "hold" from "buy" at Stifel Nicolaus, with Stifel expecting weaker-than-anticipated holiday season results for the retailer. Chipotle Mexican Grill — The stock was downgraded from "overweight" to "neutral," citing labor challenges for Chipotle and other restaurants in the fast-casual category, as well as an oversupplied market. Sony — Sony Entertainment division Chief Executive Michael Lynton is stepping down to become chairman of Snapchat parent Snap Inc. He'll step down on February 2, but will remain co-CEO for six months to help find a successor. Facebook — Facebook is trying to head off legislation in Germany that would subject it to tougher regulation. Top managers including COO Sheryl Sandberg visited Germany over the weekend, with the company pledging to take more steps to fight fake news and hate speech. Reynolds American — Reynolds and British American Tobacco struck a revised takeover deal that boosts a prior bid by more than $2 billion. BAT will pay $29.44 per share and a little more than half a BAT share for each Reynolds share that it doesn't already own. General Motors — GM will announce a $1 billion investment in several U.S. factories, according to multiple reports, creating more than 1,000 new jobs. Syngenta — Chief Executive Officer Erik Fyrwald tells CNBC that he expects regulatory approval for the planned $43 billion takeover of the chemical maker by ChemChina. Clayton Williams Energy — Clayton Williams will be bought by Noble Energy in a $2.7 billion cash and stock deal that gives Noble 120,000 acres of oil properties in West Texas. Luxottica — Luxottica will merge with France's Essilor in an all-stock deal that creates a global eyewear seller with annual sales of more than $16 billion. Have a good trading day to everyone in here on this Tuesday!
ERs after the close today / before the open tomorrow morning: ($GS $C $CSX $USB $UAL $FAST $ASML $AMTD $IBKR $NTRS $ADTN $SCHW $CBSH $PNFP $HBHC $LLTC $CTBI) Below are the ERs with their respective time of release & estimates- Tuesday 1.17.17 ERs After Market Close: Spoiler: CLICK HERE TO SHOW! Wednesday 1.18.17 ERs Before Market Open: Spoiler: CLICK HERE TO SHOW!
Here is a look at the recent performances of the major U.S. and Global asset classes YTD; since the last fed hike; and since the U.S. Pres. Election- The Nasdaq has been the clear standout on the upside to start the year thus far.
SPX still w/o a -1% or greater down day on a closing basis for the past 65 trading days...66 would tie the longest stretch since the bull market began.
Well, this worked out like a champ. No idea how much I made, but closed the position this morning at 1.2391. Was something like a $2,000 winner. Holy cow!
Got short this morning at 2266. Stop is at 2273. I don't like how that last hourly candle closed though. Hrmmmm
