Gotta love ZERO RISK in the SP500 = $$$

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
 
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S2007S said:
Apple earnings are after the close today and again it seems as usual Apple low-balls their forecasts on purpose to make it look like they achieved mind blowing numbers when they are released every single time, Back in January they forecasted sales $52-$55 Billion....
Tonight look for $2.16 EPS on $56 Billion in revenue, 2 numbers apple will have no problem breaking, Im sure they will have EPS north of $2.50 and Revenue of about $60 billion....
The big number of the night is iphone sales, there is no way they sold as many this quarter as they did this quarter and thats why they are looking for 58 million iPhones sold, that number will be hard to predict but as usual Im sure apple sold north of 60 million iPhones....if this number were to miss it would be a shock to the stock for a couple of days.....if they sell north of 60 million phones do over $2.50 on $60 billion in revenue expect the stock to close north of $138 tonight, the only thing I question right now Xiaomi, the 3rd largest smartphone distributer that has only been around since 2010, they are selling millions and millions of phones, this could take away a little of apples market share in china, they set a record of selling just over 2 million phones in 1 day online, thats about $300 million worth of phones, this is a big.......they haven't started selling their phones in the US but once they do this could become a game changer and open up serious competition to the iphone, if I could buy a smartphone for nearly 1/2 the price of the iphone, galaxy, m9, LG, nexus, etc I would....I don't know why cell phones sell at laptop prices, most a smartphone should cost is about $300...

Analysts estimate that Apple generated earnings per share of $2.16 on revenue of $56.1 billion in the March quarter, according to Thomson Reuters. In the year-ago period, Apple reported earnings of $1.66 a share, adjusting for a subsequent stock split, on revenue of $45.6 billion.

The Cupertino company is expected to report selling roughly 58 million iPhones for the quarter, according to analysts surveyed by Fortune.

About 69 percent of Apple's $74.6 billion in sales last quarter came from the iPhone. That smartphone typically has accounted for half of Apple's sales in previous quarters.

In January, Apple, which tends to low-ball its forecast, projected sales of $52 billion to $55 million, which was largely in line with Wall Street's estimates at the time.

Wall Street expects Apple to forecast revenue of $47.06 billion for the fiscal third quarter, which ends in June.
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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>
 
recession2016 said:
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
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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.
 
povstanets said:
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.
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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.
 
Autodidact said:
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.
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So are you bullish into tomorrow based on haramis?
 
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