AAPL event tomorrow btw! i can just see all the fanboys lined up waiting with bated breathe to see what's in store for latest AAPL gizmo lol (and yes i am an owner of 2 apple devices ... but that don't make me no fanboi! )
lol @ at these globex ranges man ... the entire range from the overnight session up to this point (7am) = 3.50 handles ... seriously? yo @MaximusAnalysis hook me up with some of you hilarious animated .gifs that you always tweet out during the trading day!
#CL_F $CL_F #Crudeoil levels to watch 45.62 // 44.77 // 43.95 #ES_F $ES_F #SPY levels to watch 2186 // 2174.50 // 2162.75
Not sure...this report has never been on my "holy shit dont trade 30 mins before that shit" radar before. We shall see....markets feel heavy and certainly acting crazy..... Like they arent always batshit crazy LOL
pretty sure @Ken34 was just being sarcastic about markets on watch for beige book haha! maybe the crrrAAPL event will be something to watch later today, we'll see lol
Good morning Stockaholics! Happy Hump Day! Frontrunning: September 7 Trump and Clinton look to pass U.S. commander-in-chief test (Reuters) Undecided GOP-Leaning Voters Provide an Opening for Donald Trump (WSJ) Stage set for iPhone 7, but many await 8 (Reuters) Dollar Slides Versus Yen as Prospect of September Fed Hike Dims (BBG) World stocks hit one-year highs as Fed hike prospects fade (Reuters) Merkel strikes back, defends migrant policy after election rout (Reuters) Gasoline Glut Threatens a Crude-Oil Rally Fueled by Car Travel (WSJ) After insult, U.S. and Clinton call for Duterte to show respect (Reuters) Work to begin on 'big wall' at Calais to block migrants (Telegraph) Will Trump or Clinton win? The 11 states deciding the race (The Hill) Oil rises, but doubt over output deal tempers rally (Reuters) Turkey says ready to help any U.S. initiative to capture Raqqa (Reuters) Hanjin’s Ghost Ships Seek Havens With Food and Water Starting to Dwindle (BBG) Judge Allows Hanjin Ships to Dock Safely in U.S. Ports (WSJ) U.S. Considers HSBC Charge That Could Upend 2012 Settlement (BBG) Larry Summers on "Lessons from Jackson Hole" (FT) Volkswagen in Talks to Make Electric Cars in China (WSJ) Top Saudi cleric says Iran leaders not Muslims as haj row mounts (Reuters) Man held after police find car with gas cylinders in Paris (Reuters) Facebook’s ‘Trending’ Feature Exhibits Flaws Under New Algorithm (WSJ) Fading College Dream Saps U.S. Economy of Productivity Miracle (BBG) Fed's Williams says U.S. economy in good shape, wants rate hike (Reuters) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (SYMBOLS ARE CLICKABLE!): FB CMG AMZN WATT WDC HDS WFM TSLA JDST SFM STX KR GG ABX AAPL XOM F SLV EOG JNUG CAT TODAY'S EARNINGS CALENDAR: THIS MORNING'S EARLY NEWS MOVERS: AAPL, SNE, WDC, HDS, LUV, BLK, GPS, COP, CAT... source: cnbc.com Apple — Apple is a stock to watch today, ahead of its product event this afternoon at which it's widely expected that the company will release the iPhone 7. Sony — Sony also has a product event today, at which it's expected to introduce an improved version of its PlayStation video game console. Western Digital — The hard disk drive maker raised its current quarter earnings forecast to $1.00 to $1.05 per share, compared to the current consensus estimate of 90 cents a share. The company said the recent acquisition of SanDisk expanded its customer base and contributed to a more favorable product mix. Tegna — The former Gannett digital business announced plans to spin off its Cars.com unit as a separate publicly traded company, and is also evaluating strategic alternatives for its CareeerBuilder business. Southwest Airlines — The airline expects third quarter revenue per available seat mile to drop 3.5 percent to 4.5 percent, with about a half point of that drop resulting from July's computer system disruption. HD Supply — The industrial distributor reported adjusted quarterly profit of 85 cents per share, missing estimates by 2 cents a share. Revenue was slightly below Street forecasts. HD Supply said it believes its sales growth rate is about one percentage point above overall growth in its target markets. Dave & Buster's — The company reported quarterly profit of 50 cents per share, beating forecasts by 6 cents a share. The restaurant chain's revenue was also above forecasts. The company did cut its full-year forecast for comparable-store sales, but said that its combination of arcade games and sports viewing give it at least partial insulation from overall industry trends. Advanced Micro Devices — AMD is planning a $600 million secondary share offering as well as a sale of $450 million in convertible debt. The chipmaker will use the proceeds to repay current debt. Hormel — Hormel announced Chief Executive Officer Jeffrey Ettinger will retire on October 30, although he will continue as chairman of the food maker's board. President and chief operating officer James Snee will become CEO after Ettinger steps down. Chipotle Mexican Grill — Bill Ackman's Pershing Square took a 9.9 percent stake in the restaurant chain, saying Chipotle stock is undervalued and that it plans to engage in discussions with the company's board. In a statement to CNBC, Chipotle said it welcomed Pershing's investment and appreciates the confidence expressed in its brand. Separately, Ackman left the board of Canadian Pacific after four years, one month after Pershing sold its remaining shares in the railroad operator. BlackRock — The asset manager's funds will be allowed to lend money to other BlackRock funds in the event of any cash shortages, thanks to a new Securities and Exchange Commission ruling. Managers will be able to borrow up to 10 percent of their fund's assets without putting up assets as collateral. Syngenta — Chief Financial Officer John Ramsay will retire from the agricultural chemical maker at the end of the month to pursue other interests. Syngenta's commercial finance chief, Mark Patrick, will succeed Ramsay. Gap — A fire at Gap's distribution center in Fishkill, New York, last week was set intentionally, according to the New York State Police department. The apparel retailer issued a statement saying it will be able to resume some functions at the facility this week. ConocoPhillips — The stock was upgraded to "hold" from "underperform" at Jefferies, which cited valuation after the energy producer aggressively cut both capital spending and expenses in the face of lower oil prices. Caterpillar — The heavy equipment maker was rated "buy" in new coverage at Deutsche Bank, which said the market is not giving Caterpillar credit for its cost-cutting moves. Good trading day to everyone in here on this Wednesday!
lol, yea i never paid attention to the beige book before lmao. i dont even know what purpose it serves.
Lol yeah that Brad Augunus over on the shadowtrader squawk box is amusing to listen to ... this morning he goes: "this market is like a schizophrenic cat ... one minute he's just chillin' .. then the next he comes bolting out of the den" the guy never ceases to crack me up ... him and peter
yo @MaximusAnalysis here we are for the umpteenth time at that 2186 level on the ES again lol <inserts Max's funny animated .gif> ed: and sure enough it's a poor high to boot as of now hah ... only 1 tick of excess on the profile
@MaximusAnalysis could i steal one of your animated GIFs? chop fest continues as we head in the late morning here...that 2186 resistance which Max has been pointing out in his videos for what seems like ages denied once more ... short-term traders really ping ponging things back and forth the shadowtrader guys used to have a saying for this type of market ... it's like 2 seagulls fighting over a french fry lol
Trust me ...I look at it sometimes and wonder wtf... Again with such choppy conditions its hard to get any faith behind these pull and push movements. 2 coked out seagulls with 4 red bulls
i don't believe there is a study for market profile on ToS? or at least i have never seen one in my 7+ years using the platform ... i know some people like to use monkeybars to kind of replicate market profile but that's not really the same stuff... i've used WindoTrader (the same program the shadowtrader guys use) for market profile ... it's really the best piece of software IMHO if you're looking for a great market profile platform ... it's a bit pricey though, but you can easily make those bucks back on a few good trades haha the site that i linked to you up there has a demo trial if you want to give it a test run ... gotta give props though to the shadowtrader guys ... i seriously wouldn't have ever learned and discovered this awesome piece of software if not for them ... they are wizards at analyzing market profile!
lol yeah this is chop is pretty unprecedented to say the least ... its kind of reminiscent of H1 2015 ... but this seems even more narrow of range then the first half of last year which is crazy to think because H1 of last year (before the August swoon happened) we were on pace to do the tightest trading range for the whole year for like ever in the history of the market ... i think i remember the DJIA was one that was trading in the narowest H1 range on record at one point ... not sure what's gonna finally get things moving in either direction here, but we all know this ain't gonna last forever ... whatever it is that gets us out of this range one way or another ... it will happpen ... however when that is, is still anyone's guess lol
