SAO PAULO/NEW YORK (Reuters) – Petróleo Brasileiro SA has hired JPMorgan Chase & Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil’s state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.
The Trend Trader For Futures Trading on Friday, February 27, 2015
|The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too – buying strength and selling weakness. Before you place your next trade, be sure to consult the Trend Trader.|
The Trend Trader for Futures
For Trading On Friday, February 27, 2015
Presented by PatternTrapper.com – 952-892-5550
The Trend Trader is also available for Forex, ETS, and Stocks
For a detailed explanation go to PatternTrapper.com/free-items-articles/the-weintraub-trend-trader-explained.html
|Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in trading futures, forex. ETFs, and stocks. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results. All materials are copyright © 2015 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.
Bob Hunt is the creator of the Pattern Trapper On-Line Trading Course and the Pattern Trapper ADVANCED Short term Trading Strategies index mentoring program as well as the editor of the daily Pattern Trapper Futures Trading Newsletter. Bob has been an active independent trader since 1982. He began offering market analysis and trading advice to the public in 1999 with the inception of The Pattern Trapper.
Bob specializes in helping traders make sense out of market action by offering a perspective that makes them much more easily understood. The path to learning successful trading techniques starts with an understanding of price behavior. To begin to understand price behavior you must first learn how to create structure out of inherently un-structured market environments. The whole focus of the Pattern Trapper approach is to show traders how to create that structure – to teach them how to create “templates” for interpreting market behavior and spotting opportunity.
Bob is registered with the National Futures Association as a Commodity Trading Advisor.
Jeff Sandquist, the head of development and platform relations at Twitter Inc (NYSE:TWTR), has reportedly decided to leave the company by the end of this week. After a year-and-a-half run at Twitter, Mr. Sandquist tweeted this on Tuesday afternoon: “Thank you Twitter for an amazing 18 months. The team we’ve built, the product we’ve shipped. […]
Shares of camera sensor maker OmniVision Technologies (OVTI) are up 84 cents, or 3.2%, at $27.35, after the company this afternoon reported fiscal Q3 revenue in line with analysts’ expectations, but beat on the bottom line, projected results this quarter well ahead of consensus.
Revenue in the three months ended in January fell 17%, year over year, to $292.3 million, yielding EPS of 38 cents, excluding some costs.
Analysts had been modeling $292 million and 29 cents.
The company’s gross profit margin rose to 22% from 19.6% a year earlier. The company said it experienced improvements in production that aided profit, though some prices experienced pressure.
CEO Shaw Hong warned of possibly unpredictable results in the near future:
As we continue to expand in Asia and find new opportunities in emerging economies, our results may continue to be volatile, at least in the near-term. However, it is important for us to participate in these markets as they are integral to our strategy. We remain confident about our long-term growth prospects.
For the current quarter, the company projects revenue of $265 million to $295 million, and EPS of 15 cents to 31 cents, on a non-GAAP basis. That is ahead of the average estimate for $263 million and 12 cents.
With reports that Pinterest is raising a $500 million funding round at an astounding $11 billion valuation, the visual social network is hotter than ever.
A lot of people still think it’s just for cupcakes and wedding photos though.
Pinterest helped us put together a list of the top Pinners in some of the site’s most popular categories.
Homely sturgeon garner quite the following in Wisconsin, where fishermen battle extreme elements to spear the species of fish on frozen lakes. It is one of the few places in the country that allows sturgeon spearing. Produced by Jason Gaines. Video courtesy of Associated Press. Follow BI Video: On Facebook Join the conversation about this story »
A witness for the venture capital firm Ellen Pao is suing for gender discrimination says they promoted Pao to an investing role even though they didn’t think she would be any good at it.
“I didn’t think being a venture capitalist was the right role for Ellen,” testified Kleiner managing partner Ted Schlein on Thursday. “I thought she would be a great operator.”
But when Google Ventures approached Pao about a job — possibly to become a partner there — Kleiner responded by making her a junior partner in its digital growth fund.
“There was a discussion about how to respond to Google Ventures’ request to talk to Ellen,” said Schlein. “We offered her a position in the digital group at that point in time.”
Schlein said he was “quite hesitant” about promoting Pao and said told John Doerr, whom Pao had been serving as chief of staff.
Kleiner’s lawyers have stressed that Pao wasn’t promoted from junior partner to a general partner role because she was better suited as an operator than an investor.
Currently Pao is serving as Reddit’s interim CEO. She’s seeking $16 million in damages from Kleiner Perkins.
We take our phones everywhere, which is why it’s important to get a comfortable, sturdy case.
The good news is that there are plenty to choose from — but that can also be a disadvantage. With so many choices, it can be hard to find the right case that fits your personal style and needs.
We’ve rounded up some of our favorite Android phone cases on the market, and whether you have a Galaxy S5, Note 4, or HTC One, we’re sure you’ll find something that suits you on this list.
Spigen says its Slim Armor case is double layered to add extra protection and shock absorption. It comes in Smooth Black, Shimmery White, Metal Slate, Gunmetal, Champagne Gold, Mint, and Electric Blue.
Available for: LG G3 (pictured), Galaxy S5, Nexus 6, Galaxy Note 4, Galaxy Note 3, HTC One M8, Nexus 5
The Incipio NGP is perfect if you’re looking for something colorful and attractive that offers a lot of protection. Incipio says it’s stretch and tear-resistant too, so you won’t have to worry about damaging it if you frequently take the case off your phone.
Available for: Samsung Galaxy S5 (pictured), Nexus 5, HTC One M8, Moto X (2nd gen), Moto X (1st gen)
As its name implies, Speck’s CandyShell Grip is designed to prevent you from dropping your phone. The ribbed back makes it easy to hold, and it’s available in several color combinations including black and white, purple and pink, teal and blue, and more.
Available for: Samsung Galaxy S5, Samsung Galaxy Note 4, HTC One M8 (pictured), Samsung Galaxy S4, Samsung Galaxy S4 mini
Shares of touch-screen technology developer Uni-Pixel (UNXL) are up 28 cents, or 5.4%, at $5.45, in late trading, after the company this afternoon reported no revenue for its Q4, and a wider loss, but said it “remains closely engaged with an all-in-one PC OEM customer and their associated touch module integrators.”
The company had no revenue in the year, down from $5.1 million a year earlier, and reported a net loss of $7.8 million, or 63 cents per share, versus $6.1 million, or 50 cents a year earlier.
The company’s cash and equivalents totaled $23.7 million at quarter’s end, down from $26.8 million at the end of Q3.
CEO Jeff Hawthorne said the company anticipated shipping in volume its touch-sensor product to a personal computer OEM in Q2:
The all-in-one PC OEM customer recently approved UniPixel’s all-in-one product design, and UniPixel is now working with two module integrators approved by the customer. The redundant bezel design of the all-in-one product has demonstrated resistance to bezel scratching even with the existing mechanical web transport, thereby allowing higher yields. Given the preliminary yield results, the company plans to utilize the existing mechanical roller based plating line at the Kodak facility to advance its all-in-one program and fulfill anticipated initial commercial shipments in the second quarter of 2015. Production will be transferred to the other plating line once it has been fully modified and qualified with touchless web handling. The remaining mechanical roller-based line will then be upgraded so that the web transport on both plating lines is fully touchless.
Hawthorne als noted progress in compensating for some production problems it experienced in November withs its “InTouch” touch sensor:
In November 2014, the company reported it had a limited number of challenges it was working on in order to establish repeatable, commercial-level production yield from its fully-functional, roll-to-roll pilot production line at the Kodak facility […] In January 2015, these efforts resulted in an engineering proof-of-concept milestone by successfully converting parts of the web transport system on one of the plating lines from a mechanical roller system to “touchless” system. This plating line is now undergoing a complete upgrade to touchless web handling. Our goal over the next several weeks is to finish modifying one of our operational plating lines to make its web handling completely touchless and to qualify the roll-to-roll yield. We are targeting completing this activity during the second quarter of 2015.
Hawthorne also noted progress in getting higher yields of a product for tablet computer touch screens: “We’ve recently achieved integration yields in the high 80 percentile with our tablet development partner […] Our tablet customer understands the touchless plating line modifications we’re undertaking and remains patient with the process. We are currently working with the customer in planning follow-on integration trials.”
Design software maker Autodesk, Inc. (ADSK: Quote) said Thursday after the markets closed that its fourth quarter profit fell 79% from last year, as higher costs and expenses more than offset a 13% increase in revenue.
However, the company’s quarterly…
Griffin securities reiterated a Buy rating and price target of $16.25 on MannKind Corporation (NASDAQ:MNKD) stock. The decision was taken on the basis of the introduction of inhalable insulin called Afrezza, which helps diabetic patients (particularly adults) improve blood sugar control. Pharmaceutical Sector analyst, Keith Markey, believes that it is too early to predict Afrezza […]
DISCLAIMER: The data and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any futures contracts. Although all information and opinions are believed to be reliable, we cannot guarantee its accuracy or
completeness. The open trade and previous recommendations were suggested, but that does not
necessarily mean any individual followed the trades exactly as recommended. This newsletter has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Past performance is not necessarily indicative of future results. There is a significant risk of loss associated with trading futures and options. “It should be noted that the impact on market prices due to seasonal or market cycles and current news events may be
reflected in current prices.” Any discussion of trading profit or losses please beware that you have to account for commissions and slippage.
Cocoa – Looking at the May Cocoa contract we closed today at2990 up 30 points on the day and this is after we had spiked down to 2924 which was down 35 points from yesterday’s close and 49 points from today open. What we call this in the technical world is an exhaustion bar. In this case, it would be a bullish exhaustion bar because the market open spike down and closed at or above the open. Traders look at this as a bullish indication but, of course, there are never any guarantee this is only speculation that we could have a long signal here leading into tomorrow trading action. If the price action pushes up over 3000, even then I am recommending a long position but if prices push back under 2950 then I recommend holding off. If we should take a trade entry to the long side over 3000, then I would recommend placing a stop under last week’s low of 2918. I would set an upside target of 3050 and 3100. I would also look into the possibility of selling 3100 call options. For more details feel free to contact me at 1-815-806-9571
All trading suggested recommendation that I provide is strictly my opinion. Any suggested trades and trading ideas should not be considered as actual trades, but trading suggested recommendations.
Coffee option- that I recommended on the open Wednesday the market open down 500 points at the 14300 level. So on Wednesday I suggested to my clients if you did sell the 145 put I hope you got a way better price than the 300 premium I was recommending Tuesday night because it open over 500 on Wednesday and are now we are trading at 762 . This is why on weekday if you called I recommended to my clients to hold off if you had not sold the 145 put option all ready. Also, this is why I only recommended this trade to high-risk aggressive traders only. At this point, there are 14 days until expiration, and this includes the weekend the option will lose another two days come Monday. If the market holds down at this level and you are in this position I am recommending holding on to the position and take a futures position if we get assign a long position if we are in the money on expiration day. I will recommend playing this position out on the futures side and keeping the premium we collect depending on what price you receive you can deduct that from the strike price mini the commission and slippage, and this would be your average futures price. You will need the market to trade
higher than this price for you to make money
If you are looking for a futures or option broker feel free to contact Jr Stegmueller at
815-806-9571 and I will be more than happy to help you with your trading or visit ww.ftzfutures.com Skype Address: coyotes6900 Mr. Stegmueller is taking on new client
Mr. Stegmueller is also the principal and owner of Express Futures Inc / DBA Liberty Financial
Markets. For information on our brokerage services visit our web site at www.LFMarkets.com
DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBEDBELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE
ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED
FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ADVERSELY AFFECT ACTUAL TRADING
DISCLAIMER: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should
carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time Furthermore Fusion Trading Zone is not responsible for the accuracy of information contained on linked sites.
Mr. Stegmueller has 25-years of experience working with the futures and option markets as he began his career at the CHICAGO BOARD OF TRADE where he quickly advanced into new & more challenging positions as Mr. Stegmueller became experienced in the workings of the floor and exchange.
In 1987 Mr. Stegmueller accepted a position at a large futures firm where he focused his attention on learning the intricacies of retail brokerage industry and actively managed the risk and day-to-day trading and operations for over 10,000 accounts with a combined equity of over $50 million and over 10,000 open positions in the futures markets at any given time. He brings his vast wealth of knowledge to each one of his clients.
Under the tutelage of a former Chairman of the Chicago Board of Trade, Mr. Stegmueller learned a disciplined trading approach with a strong emphasis on risk and money management along with the true value of customer service. As a registered commodity advisor with the CFTC and the president of Liberty Financial markets, has been a guest speaker at many trade shows & expos and a spokesperson for the Chicago Board of Trade on the Mini Dow futures contract.
Shares of organic light-emitting diode technology maker Universal Display (OLED) are down $2.46, or almost 7%, at $34.30, in late trading, after the company this afternoon reported Q4 revenue that easily topped analysts’ expectations, but missed on the bottom line, and projected revenue this year below consensus.
Revenue in the three months ended in December 13.5%, year over year, to $56.2 million, yielding EPS of 28 cents, excluding some costs.
Analysts had been modeling $49 million and 32 cents.
CFO Sidney Rosenblatt remarked that 2015 would be “an exciting year, a growth year and a bit of a transitional year.”
During the year, our customers are scheduled to begin ramping new commercial OLED TV and flexible display panel production, while new mobile product introductions are expected to help drive OLED fab utilization rates after experiencing some headwinds in 2014. The specific timing of these events is not clear, and will impact our revenue growth for 2015. As a result of these highly dynamic variables, we will approach our guidance differently this year and provide a baseline revenue forecast, which we believe will have limited downside risk and a favorable amount of upside potential. Our current 2015 base revenue forecast is $200 million, which we believe has a downside range of approximately 5% and an upside potential of approximately 15%. This forecast includes our license fee from Samsung Display, which will be $60 million this year, and also factors in the quarter lag in earned royalties from LG Display.
For the full year, the company projects revenue of “about $200 million,” compared to consensus of $216 million. That projection, the company said, “includes Samsung’s license fee, which is $60 million this year, as well as the quarter lag in LG royalties taking effect.”
The Kleiner Perkins Caufield & Byers sexism trial got down to dollars on Thursday after two days of centering on inside politics and allegations of gender bias.
Susan Biglieri, who has been chief financial officer at the Menlo Park venture firm for 14 years, testified that one Kleiner Perkins employee who was promoted to general partner in 2011 earned five times as much as before, according to Business Insider. Another’s pay tripled after going from partner to general partner. The pay of a third…
While conflicting economic data leaves hope for both buills and bears, Alan Greenspan warns that, unlike Yellen, “US economic growth is not strong.” He then slays another pillar – suggesting the exuberant job growth is anything but (as he focuses on weak productivity as he pinpoints entitlements as “crowding out capital investment” in America. The maestro then breaks the golden rule of central bankers and explains how The Fed was, in fact, the main driver of the P/E multiple expansion in stocks; and when asked if this ends as badly as last time? He concludes “It depends…When real interest rates start to move up, that’s when the crisis could hit.” The interview is somewhat stunning in its honesty (for a central banker) as he warns global “effective demand is extraordinarily weak – tantamount to the late stages of the great depression.”
Some other excerpts…
“Lower long-term rates is not a conundrum, its an indication of how weak global economic growth is.”
“effective demand is extraordinarily weak – tantamount to the late stages of the great depression.”
“Monetary policy is not responsible for economic weakness – it’s a fiscal issue.”
The Fed is responsible for the inflation of the stock market
“Almost all the problems are due to a lack of long-term capital investment” – reflecting perfectly on our detailed explanations of company’s preference for shareholder enhancement through buybacks rather than investing in the corporate growth of the economy… “nobody wants to invest in the long-term because nobody knows what is going to happen.”
“Stock market is great – the economy is not.”
You are right Alan…
* * *
We suspect this will be the last time Greenspan is invited on The Truth Channel.
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FLAGSTAFF, Ariz. — Computers, cellphones and landlines in Arizona were knocked out of service for hours, ATMs stopped working, 911… more »
A spate of fraudulent state income tax returns filed using TurboTaxâ€™s online software has unnerved consumers this filing season. But con artists also continue to use more traditional means to try to separate taxpayers from their money, like harassing them on the telephone.
The Internal Revenue Service has posted repeated warnings about tax phone frauds, in which criminals call consumers pretending to be agents from the I.R.S. The impostors claim the taxpayer owes back taxes, then threaten arrest or legal action, unless the individual makes a payment quickly. Sometimes victims are urged to wire money, but more commonly they are directed to obtain a prepaid money card at a retailer and provide the number to the caller.
The Federal Trade Commission, which investigates consumer fraud, says complaints about I.R.S. impostor fraud have spiked over the last year.
â€œThe callers are aggressive, they are relentless and they are ruthless,â€ said J. Russell George, Treasury inspector general for tax administration, in a statement. His office, which oversees the I.R.S., said it had received reports of about 290,000 calls since October 2013, and nearly 3,000 victims had been cheated out of more than $14 million.
Garrett Gregory, a former senior lawyer with the I.R.S. who now has a tax practice in Dallas, said the calls were pervasive and that his office heard once or twice a week from clients who were concerned about getting such calls. Most people know to â€œlaugh and hang up,â€ he said, but the calls still can be unnerving. His own father received such a call a month ago, he said.
The crooks arenâ€™t particularly discriminating in their choice of targets: The Connecticut state tax commissioner received a call this month, according to a report in The Hartford Courant. And a lawyer for the Federal Trade Commission wrote this month on the agencyâ€™s blog that she had received such a call on her home answering machine. â€œHello, we have been trying to reach you,â€ the message said. â€œThis call is officially a final notice from the I.R.S., Internal Revenue Service. The reason of this call is to inform you that I.R.S. is filing a lawsuit against you.â€
The callers strive to appear authentic; they may use robocalling technology that shows â€œI.R.S.â€ on your caller identification screen. They may know part or all of your Social Security number and they may provide a fake I.R.S. â€œbadgeâ€ number. In some cases, follow-up calls may come, supposedly from local police or prosecutors.
But the telephone call itself, experts say, is the first tipoff that the call is bogus. The I.R.S. does not initiate contact through phone or email, but rather sends written correspondence through the United States mail. â€œThe I.R.S. does not call people,â€ Mr. Gregory said.
Here are some questions about tax fraud schemes:
â– What should I do if a caller says they are with the I.R.S?
Donâ€™t provide any personal information and donâ€™t engage with the caller (other than, perhaps, to ask their name, the F.T.C. advises, so you can include it in a complaint). Then, hang up. You can report the incident to the Treasury inspector general for tax administration by filling out an online form.
When you file the complaint, you will be asked to choose a five-digit PIN. If you are contacted about the incident, you should ask for the PIN, so you can be sure you are speaking to a legitimate agent.
You can also file a complaint with the F.T.C. on its website.
â– What should I do if I get an email that indicates it is from the I.R.S.?
The agency says it generally does not initiate contact with taxpayers by email, so such messages are most likely â€œphishingâ€ attempts to try to obtain sensitive information, like user names and passwords. (This month, for instance, the agency warned of â€œbogusâ€ emails asking tax professionals to update information like their electronic filing identification numbers.) Donâ€™t respond to such email or click on any attachments, the agency advises. Rather, forward it to firstname.lastname@example.org, then delete it.
â– What if I think I may actually owe taxes?
If you are concerned, you should contact the I.R.S. directly at 800-829-1040.
When the last “Breaking Bad” episode aired almost two years ago, New Mexico officials feared film and television production might… more »
People are just now starting to use their smartphones like digital wallets, but people have turned to their phones, computers, and ATM machines to facilitate banking for some time now. Thing is, it’s not only more efficient for consumers — it’s hugely beneficial for banks, too.
Based on JPMorgan Chase data charted for us by BI Intelligence, ATM deposits have jumped from 10% of total deposits in 2007 to 48% of deposits last year, mobile deposits jumped from 0% to 10% during that same span, and deposits involving human tellers dropped from 90% of total deposits 7 years ago to just 42% in 2014.
Here’s why that’s great for banks: According to JPMorgan Chase, deposits made by tellers cost an average of $0.65, but deposits made via ATMs cost just $0.08. And you can bet banks will encourage safe mobile deposits in the years to come: Mobile deposits cost banks just $0.03 apiece.
NEW YORK (Reuters) – The S&P 500 and Nasdaq edged lower in afternoon trading on Wednesday, led by losses in Apple shares, but gains consumer discretionary shares limited the decline.