Friday, December 9, 2016
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Raul3

I turn dials and fiddle with knobs to hone in on harmonic rotations

Gene Munster: To Hell With Wall Street; Let’s Launch A VC Firm

munster

This is a no-brainer folks.  There are no more good deals to be had in the early investment space anymore.  They’re all gobbled up by VC funds, milked for everything they’ve got, then dumped onto the investing public at absurd valuations, enriching bastard venture capitalists in the process.

The opportunity to get into an exciting company at the ground floor and benefit from their parabolic growth is now reserved for the world’s elites.

You, Joe blow investor, are an ATM machine for VC funds.

Seeing the writing on the walls, Gene Munster is leaving his post at Piper Jaffray to launch his own VC fund.

Good for him.

Benzinga with the details:

Long considered the top analyst covering Apple Inc and other important tech names, Piper Jaffray senior analyst Gene Munster will be leaving the firm in order to start a new venture capital firm.

Munster will be joined by long-time associates Doug Clinton and Andrew Murphy to start Loup Ventures, a firm that will be investing in virtual reality, augmented reality, artificial intelligence and robotics.

Munster joined Piper Jaffray in 1995 and has covered the digital media space.

In addition to numerous blockbuster bullish calls on Apple, Munster was also considered a top source on big tech and internet names like Facebook, Google, Amazon, and Yahoo!

We can expect Gene Munster to serve us steaming piles of Twitters, Snapchats, and DJI’s to us someday soon.

Puke

PJC stock is up 1.5% today because, well we’re rallying and stocks are just binary bits married to the US exchange.

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Market Chatter: Ackman Takes Stake in Textron $TXT

ackman

Shares of mega-conglomerate Textron spiked to a new 52-week highs this morning before reversing after unconfirmed chatter Bill Ackman has a stake in the company.

$TXT is one of those corporations you know is inherently evil because they do everything from manufacturing ‘finger of death’ drones to plastics to fiber optics and beyond.

With the majority of their endeavors being of the war variety, shares have performed well over the last few months.

It doesn’t seem like a Bill Ackman type of play, and many traders are dismissing the rumor, but perhaps he took a stake in the aerospace/war conglomerate to better align his funds with the incoming administration.

Conclusion: Unproven, but possible.

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Surprise Taper from European Central Bank Causes Small Ripples in The NASDAQ

seentitbetter

NASDAQ futures are coming into Thursday gap up after an overnight session featuring normal range and volume.  Price balanced overnight and held the upper quadrant of Wednesday’s trend up.  At 7:45am the ECB announced a tapering of their bond purchases to €60 billion.  The news sent the NASDAQ into a 10-point gyration best resembling a ping pong match (no Comet).

At 8:30am Initial/Continuing jobless claims data was slightly better than expected.

There are no other economic events on the docket today.

Yesterday the NASDAQ formed a trend up.  A morning attempt lower, testing just below the Tuesday low, revealed a strong responsive bid.  Buyers then became initiative for the rest of the session working up and above the open gap left behind at the end of November.

Heading into today my primary expectation is for a move up through overnight high 4854.  Sellers defend just above at 4857.25 and two way trade ensues.

Hypo 2 stronger buyers work up to 4871.50 before two way trade ensues.

Hypo 3 seller push down through overnight low 4836 triggering and test down to 4827.50 before two way trade ensues.

Hypo 4 strong selling pushes down to 4800 then 4789.25 before two way trade ensues.

Levels:

12082016_nq_mp

Volume profiles, gaps, and measured moves:

12082016_nq_vpgapsmeasuredmoves

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Tesla Recalls 7000 Charging Adapters; Shares Explode To The Upside

tesla-win

Silicon Valley’s gift to the bedraggled auto industry, Tesla Motors, a company fearlessly led by the venerable Elon Musk (all Praise and Glory to The Leader) is seeing its shares spike higher Wednesday after voluntarily recalling more than 7000 charging adapters.

Not interested in creating the lithium ion version the the Fiero, the company is proactively recalling charging adapters supplied to them 6-months ago by an outside firm.

(RTTNews.com) – Tesla Motors Inc. voluntarily recalled more than 7000 charging adapters. The company said these adapters of Nema 14-30, 10-30 and 6-50 are sold separately as accessories.

Earlier in November, two customers had complained about overheating issue of Nema 14-30 charging adapters. Tesla confirmed in its recall communication that there were no other similar incidents or reports of injuries or property damage.

Going above and beyond, and doing what is right for spaceship earth, the scientists at Tesla said they will recycle all returned materials.

Bless their hearts.

You are, all of you are witnessing how an organization can be run with a conscience.  This type of business drives short sellers insane because they’re hung up on present fundamentals in a world where fundamentals have been skirted and greatness is demanded.

Short sellers will burn for this.  There will be a witch hunt, driven by the appreciation of Tesla shares, that will see each one of these frog-like misanthropes held underwater to test if they are, in fact, witches.

In the meantime, let us give thanks to The Leader (all Praise and Glory to The Leader) on the momentous day.

Tomorrow isn’t promised.

Writer’s note: I am long of Tesla shares in US Dollars and will continue to accumulate more shares and often.  I also believe Elon Musk (all Praise and Glory to The Leader) is a living deity and will achieve intergalactic space travel.

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NASDAQ Balanced Heading into Midweek Trade

traders-crowd

NASDAQ futures are coming into Wednesday gap down after an overnight session featuring normal range and volume.  Price held the Tuesday range overnight and the main feature of the session is a sell rotation that began around 5am and continues as we approach opening bell.  At 7am MBA Mortgage Applications came in at -0.7%.  Better than last week.

Also on the economic docket today we have JOLTS Job Openings at 10am, crude oil inventories at 10:30am, and Consumer Credit at 3pm.

Yesterday we printed a normal variation down.  Price was choppy and balanced.  In the morning we exceeded the Monday high by a few ticks before falling back into range.  Then just before lunch we went range extension down by a tick before pushing back into range.  Overall it appears the market is in balance and waiting for new information before exploring new prices.

Heading into today my primary expectation is for buyers to work into the overnight inventory and close the gap up to 4787.75.  Sellers remain persistent and defend around the Tuesday close 4787.75 and then work down through overnight low 4775.75 setting up a move to target 4752.75 before two way trade ensues.

Hypo 2 buyers close gap up to 4787.75 then take out overnight high 4795.25 triggering a rally up to the open gap at 4821.50 before two way trade ensues.

Hypo 3 sellers gap-and-go lower, tag 4752.75 and two way trade ensues.

Hypo 4 strong sellers push down through 4750 and sustain trade below it triggering a liquidation down to the gap at 4738.25.

Levels:

12072016_nq_mp

Volume profiles, gaps, and measured moves:

12072016_nq_vpgapsmeasuredmoves

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Mark Carney Thinks Globalism Could End Open Markets Entirely

carneyhands

Bank of England Governor Mark Carney was woke AF on Monday, dropping truth bombs during a lecture at Liverpool John Moores University.

At the heart of his lecture was a warning about the issues with globalism, a game that only benefits what Carney calls “stateless corporations”.

Have you ever stopped to think about what a corporation is?

Their existence is something that only happens in our minds.  In Sapiens: A Brief History of Humankind, the author uses the term inter-subjective-reality to describe them.  They are not tangible, existing only on paper and only because we mutually agree that they are in fact an entity.

They can be immortal.  Some are human-less.  Many have no allegiance to any country, headquartering wherever they can hoard money at the lowest tax rate and building factories wherever they can source near-slave labor.

Governor Carney wants to see these global companies show some fucking patriotism.

“As the prime minister recently stressed, companies must be rooted and pay tax somewhere.”

The lecture is only the second major speech Carney has given since Brexit.

“Globalisation is associated with low wages, insecure employment, stateless corporations and striking inequalities.”

Contrarily, Business Insider loves globalism, and their social media team recently whipped up a fun video to show Americans just how stupid they are for wanting to buy American made wares:

Upon viewing BI’s pro-globalism video, The Fly called them out:

For reasons unbeknownst to the average American, daytime media continues to press their globalist propaganda while ignoring the brutality of it all.

The below video does a good job of visualizing the numbers that most can’t seem to wrap their minds around, in terms of 3rd world populations and the ineffective ways developed nations try to improve their circumstances:

Governor Carney is no slouch.  He sees major problems with the path being taken by stateless companies.  BBC news is reporting that his lecture in Liverpool expressed serious concern that people could collectively turn their back on free markets.

“We need to move towards more inclusive growth where everyone has a stake in globalisation.”

Sounds like wishful thinking in the world of 1000 drone, soulless corporate entities.

THEYLIVEGOODONE

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Tesla Shares Print The Dreaded ‘Inside Day’; Short Sellers Cower in Fear

People take cover during a shelling in a residential area in Donetsk's Kyibishevsky district, on January 30, 2015. AFP PHOTO / DOMINIQUE FAGET        (Photo credit should read DOMINIQUE FAGET/AFP/Getty Images)

Tesla motors, a company lead by honest Elon (all Praise and Glory to The Leader) and his team of scientists and engineers, saw its shares print what if affectionately known as an ‘inside day’ among the candlestick biologists.

This technical chart pattern has a scoville heat rating of about 150,000 and carries the potential to burn short sellers to a cinder:

tsla-cower

As TSLA shares bounce along their multi-year range low, and given this chart anomaly, it is my belief that short sellers will soon fall victim to the potent thrust of a tech stock on the loose.

Writer’s note: I am long TSLA stock and will continue to accumulate shares.  The duration of this holding will be determined by my offspring who will be tasked with handling the equity stake after I am cold and dead.

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Naked Capitalism Demands WaPo Retract Their “Fake News” Propaganda; Threatens Lawsuit

wapo-trumpo

The freedom fighters over at Naked Capitalism, who’ve had to join the ranks of finance websites turned truth seekers amid a sea of liberal leaning MSM outlets, have raised the stakes on Washington Post.  They’ve retained attorney Jim “First Amendment” Moody who is ready to press defamation charges against the ‘real news’ organization. They are also asking WaPo to apologize.

Early Monday morning Yves Smith of Naked Capitalism wrote a post outlining just how retarted the Washington Post is and how they intend to correct them unless they check themselves.  Her tweet on the matter is seeing heavy circulation:

Expect more hellfire to rain down on the Washington Post for their discretionary list of “fake news” websites.  This only gets worse for WaPo and the boys.

Attorney Jim Moody is no novice when it comes to high profile cases.  Per Naked Capitalism:

You will notice that our attorney Jim Moody is a seasoned litigator who has won cases before the Supreme Court. He has considerable experience in First Amendment and defamation actions. Past high profile representations include Westomoreland v. CBS and defending Linda Tripp.

In what most realize is a ridiculously obvious scam, the Washington Post recently published a list of websites and organizations they deem fake.

Zerohedge took a less direct approach to the WaPo claims, instead dismissing them as “beyond laughable”.

We fully endorse Yves Smith’s efforts.

Additionally, we note that the only reason we haven’t followed up with a similar action is because i) the allegations were beyond laughable – we have rejected all of them on the record, and ii) there are simply too much other events taking place in what should otherwise be a quiet end to the year taking place to focus on what may be a lenghty, if gratifying, legal process.

You can be certain the good folks at iBankCoin also endorse your efforts Ms. Smith. And on a personal note:

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NASDAQ Extends Rally into Tuesday

futures-trader-hightech

NASDAQ futures are coming into Tuesday gap up after an overnight session featuring normal range and volume.  Price held above the Monday midpoint before working toward Monday’s high as we approach the open.  At 8:30am Trade Balance data was worse than expected.  The data yielded no market reaction.

Also on the economic calendar today we have Factory and Durable Goods Orders at 10am followed by both a 4- and 52-week T-bill auction at 11:30am.

Yesterday we printed a normal variation up.  We started the week gap up and despite a hard sell to start the session, buyers managed to reject a move back into last Friday’s range.  Instead we drove higher, deep into the move made last Thursday (trend day) before settling into two-way trade.

Heading into today my primary expectation is for sellers to work into the overnight inventory and close the gap down to 4780.75.  Look for a move down through overnight low 4772.75 then responsive buyers down at 4752.50 before two way trade ensues.

Hypo 2 buyers press up through Monday high 4795.75 triggering a rally up to the open gap at 4821.50.  Look for sellers up at 4826.75 and two way trade to ensue.

Hypo 3 strong sellers work down through 4750 triggering a liquidation down to the weekly gap at 4738.25.

Levels:

12062016_nq_mp

Volume profiles, gaps, and measured moves:

12062016_nq_vpgapsmeasuredmoves

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Tesla Motors Rallies Off Key Support Level; JAT Capital Bullish on CNBC

tesla-tearingass

Tesla shares are up +3% Monday after coming into the week at a key support level.  Fueling the move, aside from natural order flow, is commentary from JAT Capital who said they are long America’s Greatest Technology Company during a CNBC appearance.

Despite male hedge fund manager Whitney Tilson, who is a full fledged Hillbot, taking a bearish stance on Tesla, and despite a 150 card slideshow from @Markbspiegel littered with news clippings of piecemeal competition lingering deep in the pipeline, the $150-175 price zone has been a wall:

tsladaily-12052016

Also of bullish note, Trip Chowdhry was out Monday with observations on Tesla after his recent factory checks.  Chowdhry reaffirmed his $385.00 price target and issued the following talking points:

Global Equities Research analyst Trip Chowdhry says that Tesla will easily reach its Q4 delivery goals.

“Tesla can easily deliver 25,000 Tesla vehicles in 4Q’2016 – the demand continues to outstrip the production,” Chowdhry explains.

Following Global Equities regular factory checks, Chowdhry expects a 50 percent Model S and 50 percent Model X production mix for Tesla in Q4. He believes this mix will be favorable for average selling price (ASP) on the quarter.

In addition, Chowdhry estimates that more that 90 percent of recent Model S shipments had the glass roof option and 60 percent had the AutoPilot 2.0 option, both of which are good news for ASP.

He reports that recent Tesla delivery truck activity “seemed more than 2X vs. last year.”

In Q4 2015, Tesla produced 14,037 vehicles.

Everything, including the droves of naysayers, points to good times for Elon (all Praise and Glory to The Leader) and his electric future company Tesla Motors as we head into 2017.

Never underestimate the value of being a first market mover.  The old guard is chasing while the scientists and engineers at Tesla play offense.

Also, the rumor going around Detroit is that right-side drive Tesla production needs to ramp up 10x.  Developing…

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