ouch sold my DWTI position way wayyyyyy to early at $64 this morning, now trading at $68, $75 probably by next week...would go long UWTI again under $2.50 or when or if Oil trades back down below $50 a barrel
Just as I said Xiaomi is coming at apple full force, this is an article written today, as I said a couple of weeks ago once Xiaomi starts selling phones in the US its going to start taking market share away from apple....their phones are priced very reasonable compared to all smart phones on the market and if I could buy one out of contract for $200-$300 I would be a buyer of their phones right away.... http://www.cnbc.com/id/102646636 Xiaomi, China's largest smartphone company, will begin selling headphones, smart wristbands and accessories online in the U.S. in the coming months, taking its first tentative step onto Apple's home turf without its signature Mi 4 mobile devices. Last year was a blockbuster year for Xiaomi. Behind Samsung and Apple, Xiaomi is now the third-largest phone manufacturer worldwide. A round of new investment puts Xiaomi's worth at $45 billion, making it the most valuable private tech company worldwide. So far, this year is off to a rollicking start, as the five-year-old company introduced in India its Mi 4i, the first of its smartphones to make its public debut outside of China.
Peter Schiff is right on.... Schiff 'half' agrees with Janet Yellen 1 Hour Ago Euro Pacific Capital's Peter Schiff says Fed Chair Janet Yellen is right about the market being overvalued, with CNBC's Jackie DeAngelis and the Futures Now traders, Scott Nations and Jeff Kilburg, both at the CME. Scott Nations always disagrees with Schiff no matter what yet Peter Schiff called the financial crisis in 2007-2009 right and he is calling the next crisis thats coming... http://video.cnbc.com/gallery/?video=3000377471 <iframe src="http://player.theplatform.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000377471&size=530_298" width="530" height="298" type="application/x-shockwave-flash" allowFullScreen="true" bgcolor="#131313"></iframe>
there has to be a catalyst to break the s&p out of the range its been in since february tomorrow's payroll report might be it
I think tomorrow is a coin toss, the jobs report estimates are not bad and not great, so who knows. We need a really bad report to get a rally, a really good report could cause a selloff due to rate hike fears.
No reason for it to be a coin toss, all major cash indices got haramis in the daily, next direction will be provided by price itself, follow the price lead and fuck the news interpretation.