A little birdie told me: Playing the market on Trump tweets

Analyzing Twitter for market-moving information has been a business for years. High-frequency trading firms have even built such analysis into their trading strategies.
Then along came @realdonaldtrump.

A month into Donald J. Trump’s presidency, the best algorithmic minds on Wall Street and in Silicon Valley are still scrambling to come to grips with the phenomenon.

“Trump’s tweeting habits seem to be as erratic as everything else about him,” Max Braun, an employee of the Google-affiliated research laboratory known as X, said in a recent interview.

Mr. Braun has built an automated bot — Trump2Cash — that analyzes Mr. Trump’s tweets and then automatically places a trade on the companies the president names.

But like others in his field, Mr. Braun has learned that Mr. Trump’s behavior on social media does not always play out the way the science would predict.

After the president criticized Nordstrom for dropping his daughter’s clothing line, the bot predicted that Mr. Trump’s negative comments about the retailer would cause its stock price to go down, but instead it rose 4.2 percent by the end of the trading day. As of Thursday, however, the bot’s overall returns are in the green, according to a benchmark Mr. Braun is keeping.

The science of trading based on Twitter predates President Trump.

Yet the president “is a volatility machine,” said Joe Gits, the chief executive of Social Market Analytics, which produces automated analysis of social media for professional investors. “He generates more volatility than anything in the

Article source: http://www.cnbc.com/2017/02/17/a-little-birdie-told-me-playing-the-market-on-trump-tweets.html

Here’s why surging tech stocks might be badly overbought

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Buy Apple because of an innovative new iPhone ahead with ‘3-D sensing’ functionality, Cowen says

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The S&P could hit 2,500 by the end of the year: Yardeni

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Technical analyst who called the stock rally sees a March pullback

The SP 500 was a stone’s throw away from 2,400 before market open on Friday, at 2,338, but the index was down slightly.

“That 2,400 level … is within reach for the SP 500. I think once we hit that, a correction or a pullback is more likely, in maybe the 5 percent range,” Stockton, BTIG’s chief technical strategist, said on “Squawk Box.”

“And, of course, with a pullback, we would welcome that as a way to kind of refresh the uptrend, which now does appear a bit overextended in the very near term,” she continued.

Article source: http://www.cnbc.com/2017/02/17/technical-analyst-who-called-the-stock-rally-sees-a-march-pullback.html

‘We bare because we care’: Cupid’s Undie Run raises research money (PHOTOS)

PHILADELPHIA — For the hundreds of people dressed mainly in their underwear, the “brief” fun-run around XFINITY Live! wasn’t about setting a personal best time in a 1-mile run.

It was about extending the lifetime of a friend or family member battling an incurable disease. 

On an unseasonably warm Saturday afternoon, approximately 815 participants stripped down for Philadelphia’s Cupid’s Undie Run to raise more than $205,000 for the Children’s Tumor Foundation and Neurofibromatosis, or NF, research. 

NF is a genetic disorder that causes tumors to grow on nerves inside and outside of the body.

Now in its fifth year, the event has raised more than $800,000.

But the fun-run is only part of the 4-hour party that raises awareness of NF. 

“We are here to put the hilarity in charity and we bare because we care,” said Dan Frenia, organizer of the Philadelphia Cupid’s Undie Run. For an extra chance to donate, participants had the opportunity to have their bodies painted and for the men, their chest hair waxed. 

I’m with Cupid: Hundreds run in their undies in Philly fundraiser

Marlton resident Terri Wilson, who’s Hope for Ella team raised nearly $27,000, summed up the day in three words: hope, community and vulnerability. 

The hope is that one day her daughter, Ella, 10, who suffers from NF, can live a happy, healthy life without fear of what is growing in or on her body.

“Every time she complains about a headache, every time she complains about a pain in her leg, it could mean another tumor,” said Wilson.

Ella has tumors in her brain and

Article source: http://world.einnews.com/article/367289639/hig789KdhYlOvCqd?ref=rss&ecode=dYZEnKEuqPQMTccj

Defence Intelligence Agency joins black money fight; focus on terror funds

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Article source: http://world.einnews.com/article/367289563/jbTq5Su3uzWmEmAi?ref=rss&ecode=dYZEnKEuqPQMTccj

Zuma tells state institutions that owe SIU to pay back the money

The Special Investigating Unit, the state’s anti-graft agency, is owed more than R300-million by state institutions and President Jacob Zuma has called on them to pay back the money.

This follows the president’s first meeting with SIU head Advocate Andy Mothibi on Friday.

Zuma has called on government departments and entities to pay their SIU debts without delay to enable the institution to function optimally.

During their meeting, Mothibi told Zuma that the SIU was owed R388 966 514 by state institutions.

“The President said it was unacceptable that the institutions would withhold much-needed funding to the SIU and that they should pay up without delay. The SIU is currently undertaking many investigations based on proclamations signed by the President,” the presidency said on Saturday.

Almost 70 SIU proclamations were signed between 2010 and 2016, according to the presidency, with 10 proclamations signed in the 2016/2017 financial alone, to investigate a number of allegations of corruption.

  “The actual value of the money and/or assets that has been recovered for the State and/or relevant third parties by the SIU is R22.5-million to date in 2016/17.

Article source: http://world.einnews.com/article/367291150/h_lu2eq2S4MX7kSH?ref=rss&ecode=dYZEnKEuqPQMTccj