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World Stock Markets Trading Discussion - Amiable adjustments


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http://bigcharts.mar...com/default.asp

 

 

All Ords scraped together a +0.1% gain for the day.  Sectors ranged from Consumer Discretionary +1.4% down to Energy -0.6%.

Over in Asia, China -0.5%, Hong Kong +0.3%, Japan -1.1%, India currently +0.7%.


 

Marginally up in UK/Europe: FTSE flat, DAX +0.1%, CAC +0.4%.

 

 

 

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big.chart?nosettings=1&symb=FR%3APX1&uf=

 

http://bigcharts.mar...com/default.asp

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Going to see straight up starting now until the close tomorrow as light volume gives way to higher prices.

Then, next week continuation as treasury supply is light.

 

$37 billion in net new supply settling 5/31. So it's not light. 

 

Then $44 billion 6/15.  Supposed to be $17 billion in bill paydowns first 2 weeks of June. But we'll see. 

 

In fact, to have net new supply on a quarterly tax collection date is unusual.  

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Out of REPH RECRO PHARMA INC at $6.0 for -$5.05. Intravenous (IV) meloxicam Phase 3 second endpoint was rejected by the FDA. REPH is probably dead in a year unless they get a major injection before mid-2019 in my opinion. FDA PDUFU's are always for very small positions in a Nassim Taleb style barbell strategy. But REPH passed the screening test as a high quality candidate. I don't find many that do.

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