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* FB (Facebook) reported $1.09 earnings per share for Q3 with monthly users up 16% year-over-year. Personally I think it's a fat piggy that's going out of style, the stock closed at $127.17, down 1.8% for the day. EPS is still under 5% and I speculate they will begin losing market share globally 5+ years into the future. This speculation concurs with Wall Street Journals article title "Facebook Profit Soars, but Growth Concerns Emerge". * APPL (Apple Inc) to release new MacBook Pro in 2017. They're always an improvement, so it can't really go wrong. On the other hand from a competitors perspective; AAPL will have a hard time competing with ASUS hardware from this year. The latest ASUS computer models are aces. * I think Oats over-extended today and will resist at 2016 highs before turning downwards 3% or so. It's a pretty insignificant story, Oats, so interesting right? That's why it's extra. * Rough Rice is down from over 10 to 9.5 during october, it's near support thus my stance is bullish towards 10. * Orange Juice over-extended last week rocketing through 10 year highs - 200 to 230 in October. Today it's down slightly. This leads me into making a bearish stance with my eye on 215. ***** ??/??/?? Macro-Market Week-Daily Highlights ***** The S&P 500 had a shaky day bottoming out after 2PM closing down 0.65% while the NASDAQ dipped below 1% for a few minutes closing down 0.93%. The only gaining sector was Non-Cyclical Consumer Goods and the sector that lost the most was Energy. This is the 7th session in a row the S&P 500 has closed in the red. I wouldn't count out this being a reversal and the beginning of bears taking over, this is the longest losing streat in 5 years. * World markets fell broadly led by Brazil's Bovespa which closed down 2.56%. Japan's Nikkei 225 droppe 1.76%. * Gold, Copper and Silver all traded up today. Copper notably shattered resistance at September highs rallying from $2.08 to $2.22 in the second half of October. * Crude Oil and Natural Gas continued to trade down. WTI Crude Oil is down to around $45.50 today from above $51.50in the middle of October, at these prices I'm looking for signs of a reversal. Natural Gas is at a crucial support that was established all the way back in May so I intend to install it into my technical analysis section when I see a bullish signal.* UK Government Bond yields shrank again today across the board from the 2-30 year while German Government Bond yields rose from the 10-30 year. Could this be a sign of long-term investment into the Pound? I think it might be, I'm bullish Sterling with a 10-year outlook. * Oddly (in my opinion) the Canadian Dollar led the currencies market today gaining across the board with the Euro not so oddly coming in second. On the weekly view the New Zealand Dollar is still the leader while the US Dollar continues to be the ultimate loser. This could be a sign that Crude Oil is about to reverse bullish considering the CAD - Crude correlation.
* FB (Facebook) reported $1.09 earnings per share for Q3 with monthly users up 16% year-over-year. Personally I think it's a fat piggy that's going out of style, the stock closed at $127.17, down 1.8% for the day. EPS is still under 5% and I speculate they will begin losing market share globally 5+ years into the future. This speculation concurs with Wall Street Journals article title "Facebook Profit Soars, but Growth Concerns Emerge". * APPL (Apple Inc) to release new MacBook Pro in 2017. They're always an improvement, so it can't really go wrong. On the other hand from a competitors perspective; AAPL will have a hard time competing with ASUS hardware from this year. The latest ASUS computer models are aces. * I think Oats over-extended today and will resist at 2016 highs before turning downwards 3% or so. It's a pretty insignificant story, Oats, so interesting right? That's why it's extra. * Rough Rice is down from over 10 to 9.5 during october, it's near support thus my stance is bullish towards 10. * Orange Juice over-extended last week rocketing through 10 year highs - 200 to 230 in October. Today it's down slightly. This leads me into making a bearish stance with my eye on 215. ***** ??/??/?? Macro-Market Week-Daily Highlights ***** The S&P 500 had a shaky day bottoming out after 2PM closing down 0.65% while the NASDAQ dipped below 1% for a few minutes closing down 0.93%. The only gaining sector was Non-Cyclical Consumer Goods and the sector that lost the most was Energy. This is the 7th session in a row the S&P 500 has closed in the red. I wouldn't count out this being a reversal and the beginning of bears taking over, this is the longest losing streat in 5 years. * World markets fell broadly led by Brazil's Bovespa which closed down 2.56%. Japan's Nikkei 225 droppe 1.76%. * Gold, Copper and Silver all traded up today. Copper notably shattered resistance at September highs rallying from $2.08 to $2.22 in the second half of October. * Crude Oil and Natural Gas continued to trade down. WTI Crude Oil is down to around $45.50 today from above $51.50in the middle of October, at these prices I'm looking for signs of a reversal. Natural Gas is at a crucial support that was established all the way back in May so I intend to install it into my technical analysis section when I see a bullish signal.* UK Government Bond yields shrank again today across the board from the 2-30 year while German Government Bond yields rose from the 10-30 year. Could this be a sign of long-term investment into the Pound? I think it might be, I'm bullish Sterling with a 10-year outlook. * Oddly (in my opinion) the Canadian Dollar led the currencies market today gaining across the board with the Euro not so oddly coming in second. On the weekly view the New Zealand Dollar is still the leader while the US Dollar continues to be the ultimate loser. This could be a sign that Crude Oil is about to reverse bullish considering the CAD - Crude correlation.