The Traderszone Network

SoftBank Corp invests $100 million into Boston-based cybersecurity firm that specializes in end-point detection and response.

Lots and lots of chatter on this Saudi news but solid info and implications are basically none
Saudi king replaces crown prince
AUD is slipping, there is a perception that perhaps the changes in Saudi Arabia are indicative of instability and that is not helpful for ‘risk’. On the other hand, it may be back-fitted narrative to the market moves since the news has come out.

While Scott Forstall wasn’t concerned with the negativity in early reviews of the first iPhone in 2007, he said the critics looked at the wrong things.

Here’s what’s on the economic data/event calendar for today 21 June 2017
Greetings one and all.
Data wise it’s not so busy but we do some CB speakers in the mix.

Clorox (CLX) is a big Consumer Staples company showing off a new 52-week high this week. The breakout jumps above a 2016 top and a high touched in March 2017.

The volume has been tepid the last 4 or 5 weeks so that is a little concerning, but everything else on the chart looks polished!

Good trading,
Greg Schnell, CMT, MFTA

In a shocking development, on Wednesday Saudi Arabia’s King Salman appointed his 31-year-old son Mohammed bin Salman (his eldest son from his third wife) as crown prince, placing him as first-in-line to the throne and removing his nephew, 57-year-old Mohammed bin Nayef – the country’s counterterrorism czar and a figure well-known to Washington – from the royal line of succession, relieving him of his post as Interior Minister, and stripping him from all his titles.

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Our live blog follows as crude prices sink into bear market territory. Oil traders have discounted OPEC’s solid compliance with output cuts and remain cautious on a supply glut haunting producers.