we've been in this back and forth range between 2140 and 2160 forever it seems lol ... would be nice to see this break one way or the other already
market map heading into the european close ... it's a sea of red however AAPL holding up in this selloff (is this all samsung news related?)
We have dropped below the 2140 area. Will we stay there? I took a long position this morning when we were just above 2140. In hindsight, not the best idea.
I entered long LOT 1 at the SPX 2140 at 8:50 a.m. PST today, 10.11.16, Tuesday. I shall enter LOT 2 if it were to be around 2120 to 2130, if that happens. I'll see about whether to exit around 2155 to 2160. 1. 9:42 a.m. PST. SPX at 2144. It looks like buying is happening around 2140. A range, however, is between 2140 to 2160. Above 2160, and it could continue to really to that 2180 to 2190 level. 2. 11:12 a.m. PST. The SPX is at 2133. It could be heading close to the range in which I might be interested in buying LOT 2 3. 11:27 a.m. PST. The SPX is at 2130. I entered long LOT 2 at SPX 2128 4. Now that it hit that 2128 level, maybe it's time to test that 2160 level sometime this week or possibly next week. But I think it is likely to be the latter part of this week for that 2150 to 2160 test 5. 11:35 a.m. PST. The TICK hit negative 1329. Maybe that suggests we've pretty close to the nadir for the day. 6. My entries are for a swing trade and not an intra day trade--so I should be able to exit all my positions with a profit at some point in the future. I mentioned some key levels I am interested in for profit taking and risk management 7. A very positive sign for the bulls would be to close at around 2140 level or above today 8. 12:19 pm. The TICK just hit 890 and the SPX is at 2135. Some institutional traders are buying 9. 12:40 p.m. The TICK hit 911 and the SPX is at 2137 10. 12:50 p.m. The TICK hit 970 and the SPX is at 2138 11. 1:01 p.m. The market closed at the SPX 2136
I was about to go long also, but it seems like I've missed the boat. If we come back down, I'll go long.
Dow Transports look good Touched the upper Bollinger Band a week ago, and didn't pull back any, in fact it's stayed above the 10-day sma.
I say: Brace for impact... I bought some new shares today but I am hoarding cash for the most part. I think it will eventually go even lower before 2017 is here and it will provide some nice buying opportunities just like early this year.
We'll see if SPX can get below 2130. Maybe get as low as 2080? Might not have a chance, with a couple big oil companies reporting next week (SLB, KMI). It feels like they should have improved earnings.
Jumped out of my futures position after we crossed back down below the 20 dma. Would have been a nice profit but instead it was a good size loss when combined with my earlier lose today.
Think its time to start looking at shorting more than going long. I've had some good successes recently with weak bios like NBIX and financials like AXP (costco dumped them). My energy plays not doing well. Trannies have been holding up. Market looks weak but I've been saying that for months. The yen dollar continues to be interesting.
Good morning Stockaholics! Apologies for this late start for me ... had to take care of some urgent family matters Here are your morning movers & market news- Spoiler: 10/12 Wednesday's Stock Movers & Market News: SWK, FTNT, LPLA, CUDA, ERIC, TWTR, WMT, DAL, S 10/12 Wednesday's Stock Movers & Market News: SWK, FTNT, LPLA, CUDA, ERIC, TWTR, WMT, DAL, S Good morning Stockaholics! Happy Wednesday! Frontrunning: October 12 UK's May offers lawmakers scrutiny of Brexit process, no Article 50 vote (Reuters) For or Against Trump, GOP Fears Intensifying Civil War If He Loses (BBG) Podesta: 'Reasonable Belief' WikiLeaks Tipped Off Trump Campaign (BBG) Obama says Trump's comments on women disqualifying (Reuters) Samsung slashes third quarter profit estimate by a third after pulling plug on Note 7 (Reuters) OPEC says it raises oil output, despite deal to cut (Reuters) Yet Another Stock Market Speed Bump Divides Top Traders (BBG) Turkish army says Islamic State putting up 'stiff resistance' in Syria (Reuters) Wells Fargo Lays Out Strategy to Move Past Scandal (WSJ) Power Fully Restored After Outage Across Wide Area of Tokyo (BBG) Amazon to Expand Grocery Business With New Convenience Stores (WSJ) Turkey purges NATO military envoys after failed coup (Reuters) The ‘No-Brainer’ Fix To America’s Student Loan Mess (BBG) Accused bomber to be arraigned on New Jersey charges Thursday (Reuters) Requiem for a Hedge Fund Dream (BBG) Boeing Sees Costs From Delayed Space Taxi (WSJ) Buffalo Wild Wings Shuffles Board (WSJ) U.S. sees mounting evidence of Houthi role in strike on U.S. warship (Reuters) STOCK FUTURES NOW: PRE-MARKET HEAT MAP: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (SYMBOLS ARE CLICKABLE!): VRX CUDA BSPM CAC FTNT ERIC FEYE HAWK PANW CXW NOK PG MRVL SWK JBLU OCUL LPLA UUP CGC.CA AEG XLNX EEFT CSX TODAY'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: SWK, FTNT, LPLA, CUDA, ERIC, TWTR, WMT, DAL, S source: cnbc.com Stanley Black & Decker — The company announced it is buying Newell Brands' tools business for $1.95 billion in cash and debt. The transaction is expected to close in the first half of 2017, Stanley Black & Decker said. Fortinet — The cybersecurity firm's stock plunged more than 15 percent in the premarket trading after reporting poor preliminary third-quarter results. Fortinet said it sees adjusted quarterly profits between 15 cents and 16 cents per share, below a Reuters consensus estimate of 18 cents a share. The company also slashed its billings guidance for the quarter to a range of $343 million to $348 million from $372 million to $376 million. LPL Financial — The largest independent broker-dealer firm in the U.S. is working with Goldman Sachs to explore strategic alternatives, including a possible sale, according to Reuters, citing sources. The report sent LPL's shares higher on Tuesday, closing up 6.86 percent. In a statement, LPL said: "As a matter of policy, LPL does not comment on rumors or speculation." Barracuda Networks — Barracuda's shares soared more than 10 percent in premarket trading after the company reported quarterly results that beat Wall Street estimates. The company posted profits of 21 cents per share on revenue of $88 million. Gross billings came in at $100 million, also above consensus. Ericsson — Ericsson's U.S.-listed shares dropped more than 15 percent before the bell after the Sweden-based firm issued a profit warning. The firm said in a statement its third quarter results will be "significantly lower" than it previously expected, citing weak mobile broadband demand, "especially in markets with weak macro-economic environment." Twitter — The social media firm and Salesforce.com are still discussing a possible deal, sources told CNBC. Last week, Salesforce CEO Marc Benioff told CNBC the social media platform has challenges and called Twitter CEO Jack Dorsey a "good friend." Wal-Mart — The retail giant raised salaries for its entry-level managers before a rule change that extends mandatory overtime pay for millions of workers in the U.S. Lam Research, Nanometrics — Pacific Crest downgraded both Lam Research and Nanometrics' stocks to "sector weight" from "overweight, saying they may "stall if 3D NAND spending peaks in 2017. We do not see immediate risk of a sector rollover, but we believe that stock appreciation should be limited from here." Delta Air Lines — Richard Anderson is stepping down from his role as Delta executive chairman. Anderson also served as Delta's CEO from 2007 to last May. Frank Blake, Home Depot's former CEO, has been named Delta's non-executive chairman. Sprint — Sprint said it plans to raise $3.5 billion by mortgaging approximately 14 percent of its wireless airwaves. Good trading day to everyone in here on this Wednesday! Good trading to all in here today!
Notable ER after market close today and pre-market tomorrow: ($DAL $VAC $PGR $CSX $WGO $FRC $EXFO $DRWI $MYCC $LNN $SAR $TSM $RICK)
