Thursday, July 28, 2016
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
2,507 Blog Posts

High Levels of Human Sewage Persist at Site of Olympic Water Events

dirty-bay

Disgusting photos are emerging just six days ahead of the 2016 Summer Olympics.  The footage comes from Guanabara Bay, a body of water adjacent to downtown Rio and home to several aquatic events.

grosswater-1 grosswater-2

Garbage aside, what is most concerning is 9 million human’s worth of human sewage that pours into the bay.  It is estimated half the waste water is untreated.  If you are unfamiliar with poop in water (perhaps you never lived in Detroit) then you may not be aware of the natural chemistry that breeds SUPER BACTERIA.

In their winning bid to host the Olympics, Rio de Janeiro officials had promised to reduce pollution by 80 per cent.

However, earlier this month alarm bells rang after scientists found a group of drug-resistant bacteria in Rio’s waters.

Called Carbapenem-resistant Enterobacteriaceae, the bacteria can cause meningitis, pulmonary gastrointestinal urinary tract and bloodstream infections.

Raw sewage which is dumped into the ocean has been cited as the likely cause of the bacteria which has been detected in the city’s beaches.

Such super bacteria is a particular risk for those with compromised immune systems.

Yummy.

The advice given to athletes is to ‘keep your mouths closed’ when in the contaminated water.  That may seem impossible for certain events, such as marathon swimming or row boating.  Fortunately those events are being held down at the mouth of the bay, where ocean currents [hopefully] keep things cleaner.  As for the sailors, they will be elbow deep in excrement with their little dingy boats.  I made this handy-dandy map which shows the location of each water game:

Olympic-Aquaticspots-2016

The Rio games already carried enough health risk to keep several athletes away.  The following athletes opted out of competing:

olympic-dropoutlist

Some argue, especially in the case of golfers, that the reason they will not compete is because no prize money is at stake.  Golfers and bankers–scum of the same ilk, they say.

Zika and babies born with irregular brains aside, the Olympics are taking place in a country reeling from lack of social programs like schools and hospitals.  Locals are frustrated by the amount of resources being used to entertain World Cup and Olympic fans.  One week ago 10 people were arrested for plotting terrorist attacks during the Olympics.

We are less than one week away from the official start of the summer Olympics.  The world will be watching, and unfortunately, some of the world’s best athletes will be swimming in shit.

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NASDAQ Sustains Gains Through Fed, Key Earnings; Here’s The Top Items for Today

traders

NASDAQ futures are coming into Thursday flat-to-slight gap down after an overnight session featuring normal range and volume.  Price managed to extend swing high overnight up beyond the high-mark printed back on 12-2-15 before sellers showed up.  Since then price is consolidating above yesterday’s midpoint.  At 8:30am Advance Goods Trades balance data came out worst then expected.  Same goes for Initial/Continuing Jobless claims.  The read was worse than expected.

Also on the economic docket today we have 2- and 7-year Treasury note auctions at 1pm.

Both Amazon and Alphabet are scheduled to report earnings after market close.

Yesterday we printed a neutral extreme up.  After opening gap up and some two-way trade, price worked lower. Buyers rejected an attempt back down into Tuesday’s range ahead of the FOMC rate decision.  The Fed left their key borrowing rate unchanged and third reaction analysis yielded the buy.  Price worked up to a new daily high, putting us into a neutral print, before price worked back down to the daily mid, but Facebook earnings came out during settlement and spiked us to the high by market close, thus making it a neutral extreme.

See also: Zuckerworld – $FB Smashes Earnings Expectations, Shares Soar in The After Hours

Heading into today my primary expectation is for buyers to work into the overnight inventory and close the gap up to 4707.75.  Buyers continue higher, up through overnight high 4721.50 and into open air before two way trade ensues.

Hypo 2 seller defend right around the gap fill level, around 4707.75 and sellers work down through overnight low 4699.25.  Buyers show up around 4689 before two way trade ensues.

Hypo 3 sellers gap-and-go lower work down through overnight low 4699.25 and sustain trade below 4687.25 triggering a hard liquidation down to the open gap at 4663.75.

Levels:

07282016_NQ_MP

Volume profiles, gaps, and measured moves:

07282016_NQ_VPgapsMeasuredMoves

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HILLARY BERNED BEFORE DNC CONVENTION ENDS, SANDERS LEAVES PARTY

bernardsand

Bernie tried being a Democrat, but it seems the internal rigging and petty infighting were too much for the kindhearted man. According to Susan Page, who has covered 10 presidential campaigns, Bernie is hanging up his Dem-hat and returning to the Senate as an Independent:

President Obama played good cop last night, pandering to Mr. Sanders and his devote followers, perhaps in an attempt to keep them on board with team Democrats.  It could have also been genuine.

Debbie Wasserman Schultz has played bad cop since Bernie began his affiliation with the Democrats.  The Wikileaks document dump, which lead to Debbie’s forced resignation as Chairman of the DNC, often shows her mean-spirited actions against Bernie.

In an April 24 email she received with an article describing the ways Sanders felt the DNC was undermining his campaign, she wrote back, “Spoken like someone who has never been a member of the Democratic Party and has no understanding of what we do.”

Debbie Schultz is now a senor advisor to the Clinton campaign.

There have been several calls during the DNC convention for unity amid the Wikileaks scandal.  Bernie Sanders supporters have been turning up in large numbers to express their support for him while booing requests, even by Bernie himself, to instead vote for Hillary.

Whether Team Hillary and the Democrats can convert Bernie supporters into Hillary voters may determine the final outcome of the Presidential election, but the party 100% has not convinced Bernie to be a Democrat.  He’s out.

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Trump Calls on Russia To Turn Hillary’s Missing Emails Over To The FBI

trump33

Donald Trump sent out a tweet:

Team Hillary issued a statement, opting not to use email for this communique:

HRC-reacts

If I am reading this statement correctly, the HRC camp is saying that by Donald asking Russians or anyone else to turn over the deleted emails to our FBI he is creating a national security issue.

Moving on.

Since Wikileaks recent dump of over 20,000 emails from the Democratic National Committee servers, there have been claims that the Russians are working closely with Donald Trump to ensure Hillary Clinton is not granted access to the oval office.

Wikileaks has become a reputable source of hacker information especially since 2013 when the firm aided Ed Snowden.  Per Wikipedea:

Snowden documents published in 2014 show that the United States government put Assange on the “2010 Manhunting Timeline”,[130] and in the same period they urged their allies to open criminal investigations into the editor-in-chief of WikiLeaks.[131] In the same documents there was a proposal by the NSA to designate WikiLeaks as a “malicious foreign actor”, thus increasing the surveillance against it.

The official Wikileaks twitter account has denied any knowledge of where the #DNCLeak emails came from:

Meanwhile the DNC paid a security consulting agency to analyze the hack, and it turns out there were some meta-giblets on the files which show Russian data peppered on the files.  I’m no expert on hacking, but I do know a person can use Russian, or any other countries IP addresses if they want to protect their anonymity.

hill-russ

Positioning Donald Trump as a comrade to Russia has been the primary strategy of the Clinton campaign ever since Five Thirty Eight data showed the candidates in a close race. The goal is to downplay any information the hackers produce, because allegedly more is on the way:

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Outrage After British Cartoon Fireman Sam Steps on Qur’an

samfam

Yesterday afternoon a feller by the name of Miqdaad Versi spotted something peculiar while watching Fireman Sam.

samtweet

Anyone with eyes and basic logical function can see that a page appeared during British cartoon Fireman Sam matching Surah Mulk (67), verse 13-26.  However internet people, in all of their specter and glory, went frame-by-frame through the animation to see if infidel Sam did in fact step on the Holy Scripture, or if it was just part of a pile of papers that flew about after stepping on some other, non-holy combination of paper and ink.  You decide:
samstep

It’s debatable what happened in Fireman Sam’s world on that slippery day.  But in the real world, where sensitivity is at all-time high, the animators were fired and the episode permanently banned.

A Mattel spokeswoman said: “It’s just an unfortunate incident where someone from the production company thought they were just putting in random text.

“We have no reason to believe it was done maliciously.”

In a statement, Mattel said: “The page was intended to show illegible text and we deeply regret this error.

“We sincerely apologise for any distress or offence it may have caused.”

It said it would “no longer be working with the animation studio responsible”, and would take “immediate action to remove this episode from circulation”.

Here is the entire scene:

A quick read of the Qur’an lets you know an apology, if in fact the cartoon character stepped on a piece of paper with Qur’an pen drawings on it, is not sufficient for the offense.

2:190 Fight in God’s cause against those who fight you, but do not overstep the limits; God does not love those who overstep the limits.

Be on the lookout for a cartoon depicting a page of the Qur’an slipping on Fireman Sam’s face to make things right.

Religious tension is high throughout much of Europe after ISIS knife men attacked and killed a French priest.  Today FBI Director James Comey raised awareness for a swath of new attacks he sees coming to both Europe and the United States.  Overall, the continued fighting between these religious groups may hinder the travel and hospitality industries.

Citizens of the United Kingdom recently voted to leave the European Union.  There is dissension among UK citizens as to whether they made the right choice.  While the Kingdom struggles to settle into their independence, the country is now forced to reconcile the Islamophobia being subconsciously propagated by Fireman Sam.

 

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The Rally Will Continue Until No Buyers Are Left

rogerjolly

NASDAQ futures are coming into Wednesday gap up after an overnight session featuring normal range and volume.  Price worked higher for the entire Globex session with the initial rally being fueled by Apple earnings.  The move pushed price up to levels unseen since December 8th.  At 8:30am Durable Goods Orders came out well below expectation, -4.0% vs -1.4% expected.

Also on the economic calendar today we have Pending Home Sales at 10am, Crude Oil Inventory at 10:30am, the FOMC Rate Decision at 2pm and Facebook earnings after market close.

Yesterday we printed a normal variation down.  The market drove higher after opening gap up and found responsive sellers right around the key market profile level highlighted in yesterday morning’s hypo 2.  Sellers worked a hard-and-fast move down below value where we found buyers who pushed price right back to the middle of value and price stabilized into the end of the day.

Heading into today my primary expectation is for sellers to try and push into the overnight inventory a bit.  Look for a move that attempts back into yesterday’s range 4682.  Buyers reject a move below 4682 and we work higher to take out overnight high 4703.  Prices probe higher, up to 4715.25 before two way trade ensues.

Hypo 2 buyers gap and go higher, take out 4715.25 and continue on to make new all-time highs.

Hypo 3 sellers work a full gap fill down to 4663.75 then take out overnight low 4662.25.  Responsive buyers down at 4660 and two way trade ensues.

Levels:

07272016_NQ_MP

Volume profiles, gaps, and measured moves:

07272016_NQ_VPgapsMeasuredMoves

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Priest Beheaded, Nun in Critical Condition After ISIS Knife Men Go Full ‘Allahu Akbar’ on French Church

france-priest

The terrorist attacks in Europe appear to be snowballing–increasing in frequency and brutality.

This morning two ISIS soldiers went right for the throat, literally, by barging into a Christian place of worship and beheading an 86-year-old priest.  A real horror show scene it was.  The Vatican called the the killing ‘barbaric’ but opted out of calling the war-aged men barbarians.

Nuns and worshipers were taken hostage by two knife men who allegedly called out to their Devil, ‘Allahu Akbar’ as they attacked.

A priest has been ‘beheaded’ by two ISIS knifemen who cut his throat after bursting into a French church and taking nuns and worshippers hostage before being shot dead by police.

Five people including the 86-year-old priest, two nuns and two parishioners were held by assailants who raided the church in Saint-Etienne-du-Rouvray near Rouen in Normandy during morning mass at 9am.

The clergyman, named as Jacques Hamel, is believed to have been beheaded during the attack while another hostage, believed to be a nun, is fighting for life in hospital.

The two attackers were ‘neutralised’ by marksmen as they emerged from the building, which is now being searched for explosives. French president Francois Hollande said France is ‘at war’ with ISIS while the terror group has claimed responsibility for the killing.

There were reports the attackers shouted ‘Allahu Akbar’ as they ran out of the church while at least one of the men was dressed in Islamic clothing.

It comes as it emerged that the building was one of a number of Catholic churches on a terrorist ‘hit list’ found on a suspected ISIS extremist last April.

There are also reports that one of the attackers was a local resident who was under electronic tag surveillance having been jailed in France for trying to travel to Syria in 2015. His bail terms allowed him to be unsupervised between 8.30am and 12.30pm – the attack happened between 9am and 11.am.

Do you see what happened?  The barbarian used his small allotment of unsupervised time to hack a priest’s head off.  You give a savage an inch, they take a mile.

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The Trend Continues, Albeit Slowly, Higher

spruce-gooots

NASDAQ futures are coming into Tuesday gap up after an overnight session featuring normal range and volume.  Price held Monday’s range during the overnight session before pushing above Monday’s high.

On the economic docket we have a 9am reading of the Case-Shiller Composite-20 at 9pm, Consumer Confidence at 10am, a 4-week T-Bill auction at 11:30am, and a 5-year note auction at 1pm.

More likely to move the stagnant NASDAQ, however, is Apple earnings which are due out after market close.

Yesterday we printed a normal variation down.  The action was choppy and slow and just after going range extension down we popped right back into balance.

Heading into today my primary expectation is for sellers to work into the overnight inventory and close the gap down to 4653.50.  Look for sellers to take out overnight low 4645.25.  Look for responsive buyers ahead of 4640 and two way trade to ensue.

Hypo 2 buyers gap-and-go, work up through current swing high, globex high at 4669.50.  Price continues higher to 4677 before two way trade ensues.

Hypo 3 strong buying pushes up through 4677 and sustains trade above it setting up a move to target 4700 before two way trade ensues.

Levels:

07262016_NQ_MP

Volume profiles, gaps, and measured moves:

07262016_NQ_VPgapsMeasuredMoves

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The Overlords at Goldman Sachs Added Starbucks To Their Conviction Buy List

shutlzy

Goldman Sachs has spoken:

They have no issue with Starbucks missing revenue expectations by $100 million dollars last quarter.  What’s a $100 million between friends, yes?

And by goodness, opening 200 stores in The People’s Republic of China, where internet news is banned and knockoffs are welcomed it good business, indeed!

Shares of the sugar drink dispensary are priced to gap up to $59 this morning, putting the shares into breakout territory after weeks of sideways consolidation.  This morning’s move is predicated upon Goldman Sachs adding the company to their Conviction Buy List–so retail investors will have to stomach the uncertainty that said Conviction Listing may be an action Goldman used to help liquidate one of their institutional clients.

How investors react to the breakout, particularly whether or not buyers become initiative and drive the price higher from here, could be telling of the overall belief investors have in the continued growth of China’s middle class.

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Bernie Sanders Is Not Convincing His Supporters To Vote for Hillary

bern

Earlier today a crowd of Bernie Sanders supporters went nuts after the nice man urged his fans to instead vote for Hillary Clinton.  The Bernie Bros do not want to vote for Hillary.  Overall, it seems, they consider Mrs. Clinton a member of the established elites, whomever they are, while Mr. Sanders is a funny old man who enjoys rolling marijuana cigarettes from the comforts of his modest home.

So when Bernie supporters at the Democratic National Convention were asked to vote for Hillary, they started with the booing.  Thank goodness nobody was passing out tomatoes…

On the streets his supporters were getting biblical with their chants:

But also marching a 51-foot joint around.  Those artsy Philadelphia hipsters; so crafty, lolz:

Overall it looks like Bernie is facing an uphill battle, convincing his loyal supporters they should still vote this November.  The alternative, having a ‘good sativa’ and a bottle of malt liquor provides a better instant gratification.

Meanwhile, behind the 4-mile long, 8-foot high wall Democrats built around their convention, protesters took to the streets to emphasize their unwillingness to vote for Hillary:

It seems Bernie will need to pull off some kind of brilliant Larry David scheme if the Democrats are to unite before November.

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