Happy New Year & welcome! Cash markets & Globex (futures) are closed today, but Globex reopens at 6pm eastern time tonight!
@Baggi yep. It's basically the exact repeat of last Monday. It'll be nice to have a normal trading schedule from next week. Albeit the week after next is another market holiday again haha. We won't really be back to normal again until after the week of the Inauguration.
Yay we're finally open! Wow just now noticing that the DAX had a pretty big day today. The FTSE was closed however. Natty Gas with a rather large dip at tonight's open. Also looks like both the /TF and /DX futures don't open until 8pm eastern time. But, everything else looks to be up and running.
Here we go indeed for 2017, folks! Fitting that the RUT ended 2016 sitting right on top of a STL, after opening its final day by rejecting the 20 DMA. I am going to start 2017 by being neutral on the RUT, and will remain neutral until I see a confirmed move above the current RTL @ 1377, or a confirmed move below the STL @ 1324. For tomorrow's move, I am seeing resistance initially @ the 20 DMA,1365, followed by a RTL formed coming off the ATH + previous 2x pivot highs @ 1377. Supporting, I see @ the STL it's currently sitting on, 1357, or further down @ 1343 which is the lower limit of the Standard Error Bands. First day of the year, I'm thinking a small bounce tomorrow.
Futures currently looking decent as Major European equity indexes climbed to new highs in thin trading on Monday, with strong manufacturing reports from the region boosting sentiment on the first trading day of 2017
yep looks to be the case @stock1234 this will certainly help with the SCR as well haha ... it'll be interesting to see how that ends out by tomorrow's close
Good morning Stockaholics! Welcome to the first trading day of 2017! Hope you all had a fantastic New Year! Good trading to all in here on this first trading week of 2017, and I hope everyone a prosperous trading year ahead! Here are this mornings pre-market movers & news- Spoiler: 1/3 Tuesday's Stock News Movers: GM, VZ, DIS, ANF, XRX, INTC, CSIQ, ACGL, ALG (Click to Show!) 1/3 Tuesday's Stock News Movers: GM, VZ, DIS, ANF, XRX, INTC, CSIQ, ACGL, ALG Good day Stockaholics! Happy Tuesday! Frontrunning: January 3 Stocks Gain With Commodities Amid China Optimism (BBG); Dollar, global stocks firm as 2017 trading starts in earnest (Reuters) Oil hits 18-month highs as markets eye output cuts (Reuters) Earnings Recovery Set to Propel Stocks Higher in 2017 (WSJ) Republican-led Congress lays groundwork for Trump (Reuters) Battles Await Ambitious GOP Agenda, Including Repeal of ACA (WSJ) 2017 Will Be the Riskiest Year for Geopolitics Since WWII, Eurasia Group Says (BBG) Trump team seeks agency records on border barriers, surveillance (Reuters) Paris Wants to Lure 20,000 Bankers From London (BBG) Champions of 401(k) Lament the Revolution They Started (WSJ) Oil business seen in strong position as Trump tackles tax reform (Reuters) Shipping Alliances Shore Up Industry, Worry Customers (WSJ) China navy confirms carrier conducted drills in South China Sea (Reuters) China Gets Strict on Forex Transactions to Stop Money Exiting Abroad (BBG) Trump aware of 'urgency' of North Korea nuclear threat: South Korea (Reuters) Trump Taps China Critic Lighthizer for U.S. Trade Representative (BBG) Gunman in Istanbul nightclub attack may have trained in Syria (Reuters) What We Could Learn From the Fed Minutes (BBG) Solar Could Beat Coal to Become the Cheapest Power on Earth (BBG) Luxury Apartment Boom Looks Set to Fizzle in 2017 (WSJ) The Fallout From Madoff's Fraud Includes an Ironic Twist for Investors (BBG) 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!): DGAZ UGAZ ITEK JDST OPK UVXY LABD JNUG ATHN DUST STZ RDHL SPY CLVS XRX IWM WTW LABU SVXY JPM UUP WATT AMAT THIS WEEK'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com General Motors — President-elect Donald Trump on Tuesday attacked General Motors in a tweet, claiming the auto giant is making a Chevy Cruze model in Mexico and then sending them to U.S. dealers tax free. Walt Disney — Analysts at Evercore ISI upgraded the entertainment giant's stock to "buy" from hold, and raised its price target on the stock to $120 from $103. Evercore cited an improving economic backdrop "and a possible, retroactive [Donald Trump/Paul Ryan] tax reform-adjusted EPS." Evercore said the upgrade is "largely a macro call" as Disney has a business model that benefits from higher inflation and is a largely domestic firm. Verizon — Citi upgraded Verizon shares to "buy" from "neutral," and hiked its price target to $60 from $55. Citi cited an opportunity for multiple expansion "given the prospects to improve free cash flow from a combination of expanding its addressable market for revenue, benefiting from potential tax reform, and improving its strategic position through M&A." Abercrombie & Fitch — The firm's stock was downgraded to "hold" from "buy," noting its turnaround efforts are "progressing at a slower pace than we initially expected." Abercrombie's stock plummeted 55.56 percent in 2016. Xerox — The printer and copier maker's stock spiked more than 10 percent in the premarket after JPMorgan upgraded its stock to "overweight" from "neutral," citing the spinoff of its Conduent business, "which marks the start of a long turnaround process." Xerox shares fell 17.87 percent last year. Intel — The chipmaker is seeking approval to buy a stake in HERE, a digital mapping firm controlled by Daimler, BMW, and Volkswagen, according to the German cartel office. Canadian Solar — The company completed the sale of two solar power plants to Shenzhen Energy for $32.2 million, a transaction that was disclosed December 30. Arch Capital Group — Arch Capital completed the acquisition of United Guaranty, an American International Group subsidiary, for an undisclosed amount. Alamo Group — The company increased its quarterly dividend to 10 cents per share from 9 cents per share. Have a good trading day to everyone in here on this first trading day of 2017!
Crazy day for me in the market. Last night I bought a long /ES future at 2242.75 to hedge my short position. I put in a stop order at 2240. The stop order was good until canceled. Today when we came off the highs I closed it for a small profit at 2245.50. Then I suddenly sold at 2240! I was like, what the hell just happened? Realized I still had my stop order in. Closed it immediately at 2239.75, probably just enough to cover the cost of opening and closing it. Har! What a crazy day in the markets. Yikes.
First of all, let's hope everyone will have a great 2017 here I just got a chance to look at the market right now, looks like the market is well off its HOD
Right now, with TD Ameritrade I pay $1.50 per options contract. If I sell an option, $1.50. When I buy it back? $1.50. $3.00 total cost. It gets more expensive if I do a spread. $3.00 each way. I don't mind the cost too much because it's quick. I usually get a good price and I'm in and out easily. I've heard RobinHood is free, but isn't as reliable. Now there is a new company opening today called Tastyworks. I've not opened an account yet. However, they offer options at $1.00 for opening the position and $0.00 for closing. So what used to cost me $3.00 to open and close, now will cost me only $1.00. Sounds like a pretty good deal. Once I clean up my account with TD Ameritrade, I'll probably be moving to tasty works.
