>>> ARIA +7.5% pre-open on news of Europe approval of Iclusig

Ariad Pharm announced that Pharmacovigilance Risk Assessment Committee of EMA concluded review of Iclusig and has recommended that Iclusig continue to be used in Europe in accordance with its already approved indications  

PRAC recommends no change to approved indication in Europe

Fwd:>>> ARIA - Moves up on call activity - Oct 4.5 calls traded 3K contracts
From: LAURENT CHEKROUN () At: Oct 9 2014 17:13:59
To: LAURENT CHEKROUN ()
Subject: Fwd:>>> ARIA - Moves up on call activity - Oct 4.5 calls traded 3K contracts
Moves up on call activity - Oct 4.5 calls traded 3K contracts
{ARIA US Equity GIP<Go>}

(MAKOR) Technical Trade Ideas - Sell US Financials - BAC, MS, GS,JPM and Cit

TECHNICAL VIEWS:

 

Important to Note: On the financial sector there is also bearish reversal on other banks

 

·         Bank of America on a close today below 16.91 = BEARISH WEEKLY REVERSAL & SELL SIGNAL with a stop above 17.41

·         Morgan Stanley on a close today below 34.19 = BEARISH WEEKLY REVERSAL & SELL SIGNAL with a stop above 35.40

·         Goldman Sachs on a close today below 183.11 = BEARISH WEEKLY REVERSAL & SELL SIGNAL with a stop above 189.50

·         JPM Chase on a close today below 59.63 = BEARISH WEEKLY REVERSAL & SELL SIGNAL with a stop above 60.80

·         City Bank on a close today below 51.75 = BEARISH WEEKLY REVERSAL & SELL SIGNAL with a stop above 52.67

 

And on the other side of the terrace:

 

GOLD – a close today which equals a weekly close above 1,218.36 = WEEKLY BULLISH REVERSAL with a stop below 1,180

 

3 most interesting are:

 

BAC US – a close today below 16.91 would suggest a weekly bearish reversal = sell signal with a stop above 17.41

 

·         Since this reversal comes at the highs of the trend there is also a risk of a double top. The current move up from the 14.32 low does look like an A,B, C correction – chart attached below

 

 

Weekly chart

 

MS US – a close today below 34.91 would suggest a weekly bearish reversal = sell signal with a stop above 35.40

 

·         The most important thing about this reversal is that is comes on a false break above 34.17 (October 2009 highs) – this false break higher along with the weekly bearish reversal does risk a move lower

 

 

Weekly chart

 

And a wider view at the weekly chart

 

 

 

GOLD - a close today which equals a weekly close above 1,218.36 = WEEKLY BULLISH REVERSAL with a stop below 1,180

 

·         The 1180 level has provided very good support over the past 15 month and while this holds the odds for a move higher is high

 

Weekly chart

 

 

So if we have a sell signal on finanicals in the US – what do we buy GOLD?

 

Look at the correlation between

 

BAC US & GOLD

 

 

MS US & GOLD

 

 

GS US & GOLD

 

 

JPM US & GOLD

 

 

C US & GOLD

 

 

>>> US Early premarket gappers

Early premarket gappers
Gapping up: APT +32.2%, EXAS +26.6%, SCMP +19.2%, ALXA +16.8%, GSAT +16.2%, CVEO +9.6%, INFY +6.7%, STV +5.2%, CUDA +3.2%, HELE +3%, FAST +2.7%, ECOL +2.5%, PII +2.2%, OXLC +2.1%

Gapping down: PKT -28.3%, GTAT -26.4%, VOXX -12.5%, KN -9.1%, MCHP -7.8%, PT -7.7%, TXRH -7.1%, MTW -5.9%, JOEZ -5%, NXPI -4.5%, ALU -4.3%, MBLY -4.2%, JCP -4.2%, JNPR -4%, STM -3.9%, TSLA -3.5%, GRPN -3.4%, TKMR -3.4%, SDRL -2.8%, ALTR -2.7%, MU -2.7%, LLTC -2.5%, ASML -2.5%, THLD -2.3%, RDS.A -2.3%, BHP -2.1%, STO -2.1%, AVGO -2%, SM-1.9%, RIG -1.9%, GOLD -1.8%, ABB -1.8%, TOT -1.7%, FDO -1.6%, YHOO -1.3%, GPRO -1.1%

>>> Amazon in talks to acquire Jabong; move a counter to Flipkart's Myntra buy?

BANGALORE: Amazon is in preliminary talks to buy Jabong, part of the US-based online retailer's plan to bolster its presence selling fashion products, four people aware of the discussions told ET.

Jabong is one of the fashion portals that Amazon is interested in acquiring, and Jabong has other suitors, the sources said, cautioning that a deal is not imminent. A regulatory filing by Rocket Internet, which incubated Jabong, put the value of the fashion portal at 388 million euros, or $50 ..

--> Could impact ASC LN {ASC LN Equity GIP<Go>}

>>> OPEC: Leaves forecast demand for its crude in 2014 and 2015 unchanged; keeps

OPEC: Leaves forecast demand for its crude in 2014 and 2015 unchanged; keeps 2014, 2015 global oil demand growth forecast unchanged 
- OPEC crude output 30.47M bpd, +402K bpd
- Saudi Arabia raised crude production to 9.704M bpd v 9.597M m/m
- Attributes decline in prices since June to weak demand and ample supply
- Expects winter demand to support market in the coming months.

**Note: The next OPEC meeting is scheduled for Nov 27th.