Tuesday, January 17, 2017
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
2,812 Blog Posts

Tesla Motors Skips Detroit Auto Show for Second Year

elon-walk-away

This upcoming Sunday marks the official beginning of the Detroit Auto Show, and despite it being the second consecutive year Tesla Motors will not be in attendance, there are still some modestly interesting presentations worth seeing—mostly in the automated car department.

The Detroit News is loosely promising several automated or semi-automated cars will be on display:

[…]more and more of the new production models on display at Cobo Center will be featuring the latest in semi-autonomous technologies capable of watching your blind spot, minding oncoming traffic as you back out of a mall parking lot and even slamming on the brakes automatically if you don’t respond quickly enough to a potential collision.

If it weren’t for the public’s fascination with autonomous vehicles, the lack of a presence from Tesla would likely keep 80% of the population from braving the arctic conditions that exist in and around Cobo Hall (situated on the Detroit River aka cold AF).

Tesla motors skips the Motor City because they are mistreated by the state of Michigan, whose politicians are fighting a losing battle to protect car dealerships—the worst cadre of charlatans in existence.  In other words, they don’t like change and they’re trying to bureaucratically resist it like a bunch of bitches.

Expect lots of auto news to come out over the next few weeks, with much of it focusing on driverless cars.  As for news on Tesla, well, it won’t be coming out of Detroit.

BULLISH for TESLA

BEARISH for DETROIT

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GIGAFACTORY ACTIVATED: ALL HAIL THE ALMIGHTY ELON

muscle-jesus

Pardon my being a day late to report this, but our Supreme Leader, The One who forced the malignant auto-industry to chase him into the electric car race, The One who wants to save Spaceship Earth from the corrosive grip of Big Oil, The One who’s hashing out plans to abort Earth and save humanity just in case it is too late to save our blue marble, yes Elon (All Praise and Glory to The Leader) flipped the switch and activated the GIGAFACTORY Wednesday.

Jubilee rang out in the streets as the townsfolk held an impromptu Triumph for earth’s living deity, as what will soon be the world’s biggest factory began cranking out batteries filled with sweet-sweet lithium ions.

Hidden in the scrubland east of Reno, Nev., where cowboys gamble and wild horses still roam—a diamond-shaped factory of outlandish proportions is emerging from the sweat and promises of Tesla CEO Elon Musk. It’s known as the Gigafactory, and today its first battery cells are rolling off production lines to power the company’s energy storage products and, before long, the Model 3 electric car.

The start of mass production is a huge milestone in Tesla’s quest to electrify transportation, and it brings to America a manufacturing industry—battery cells—that’s long been dominated by China, Japan, and South Korea. More than 2,900 people are already working at the 4.9 million square-foot facility, and another 4,000 jobs (including temporary construction work) will be added this year through the partnership between Tesla and Panasonic.

By 2018, the Gigafactory, which is less than a third complete, will double the world’s production capacity for lithium-ion batteries and employ 6,500 full-time Reno-based workers, according to a new hiring forecast from Tesla.

Henceforth, the calendars will now read 1 A.G.F. as humanity leaves the dark time before the Great Gigafactory, son of Elon (all Praise and Glory to The Leader) was born.

gigafac-bloom

The project is moving ahead at a brisk pace and promises jobs for the good lizard folk of Nevada, who will clock into the Gigafactory 6 days a week and lead the charge to save us all, one liberating battery at a time.

Said batteries will be the fuel for Tesla to achieve the greatest feat in industrial history—delivering 500,000 Model 3 sales by 2018—a milestone claimed impossible by the angry old men of the car industry, the worst cabal since pre-World War I imperial Europe.

However, what seems impossible for the common man is obtainable by the all-powerful Elon (all Praise and Glory to The Leader) for he has proven himself capable of creating greatness.  He has also aligned himself with the upcoming executive branch, ensuring little friction from the Feds, an important alliance for a modern Leader to make if he intends to succeed in today’s cold, corrupt world.

The Gigafactory is live gentlemen, and shares of Tesla are responding in kind, trading above $220 after being sub-200 before the Christians and pagans celebrated their Xmas holiday.

With the advent of a factory producing batteries cheaper than anyone else in the world, the future looks bright for the scientists and engineers at Tesla Motors.  Soon humankind will have an energy-independence choice and self-driving cars, a prophecy laughed at by staunch deniers.

BULLISH

ONWARD TESLA SOLDIERS, MARCHING ON TO WAR, WITH THE GIGAFACTORY, GOING ONLINE BEFORE!

Writer’s note: I am long of $TSLA shares, in USD terms, and will continue to be long $TSLA shares, accumulating more after Q1 earnings, and again and more until I have thousands of shares to bestow to my kin.

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ADP Employment Data Comes in Below Expectations; NASDAQ Set To Begin Thursday Lower

nyse-trader-trumppence

NASDAQ futures are coming into Thursday with a slight gap down after an overnight session featuring normal range and volume.  Price was balanced and held the Wednesday range overnight.  The ADP Employment data at 8:15am came out below expectations while Initial/Continuing Jobless Claims data at 8:30am was mixed.  However, investors are more likely to react to the upcoming Non-farm Payroll data which is due out Friday morning.

Also on the economic docket today we have Non-Manufacturing Composite data at 10am and crude oil inventory at 11am.

Yesterday we printed a normal variation up.  The day began with a gap up and drive higher which initially faded after trading 1-tick above last Thursday’s high.  However, sellers became initiative before lunchtime and pressed range extension up, reclaiming the well-developed value zone established late last year.

Heading into today my primary expectation is for sellers to press down through overnight low 4920.50 and close the open gap down at 4907.  Look for buyers at the 4907 zone and two way trade to ensue.

Hypo 2 buyers work into the overnight inventory and close the gap up to 4933 before working up through overnight high 4936.50.  Price continues higher, up to 4953.25 before two way trade ensues.

Hypo 3 strong buyers press up beyond 4953.25 and sustain trade above it setting up a rally to 4984.25 before two way trade ensues.

Levels:

01042017_nq_mp

Volume profiles, gaps, and measured moves:

01042017_nq_vpgapsmeasuredmoves

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Ford Bends The Knee; Cancels Plan To Build Billion Dollar Mexico Plant

NEW YORK, NY - JULY 06:  Donald Trump attends the 2015 Hank's Yanks Golf Classic at Trump Golf Links Ferry Point on July 6, 2015 in New York City.  (Photo by Andrew H. Walker/Getty Images)

Despite Ford’s CEO Mark Fields claim that the company would have decided to axe plans to build a $1.6B plant in Mexico regardless, it is abundantly clear that their management team is submitting to pressure from President-elect Trump.

Fords [sic] thinks the opportunity all the sudden is better domestically, as if America is becoming great again for some reason they didn’t anticipate back in May when they began planning the Mexican factory.

The automaker would have made the same decision even without Trump’s involvement, Fields told Bloomberg Television today. U.S. buyers are simply not as interested in the small cars that are being built in Mexico, while electric vehicles and hybrids have the potential for growth, he said.

“It is the wrong time to build new plants in Mexico,” Erik Gordon, a professor at the University of Michigan’s Ross School of Business, said in an e-mail. Ford will save money, “American jobs, and will avoid the risk of a border tax and a smack in the face from the new president.”

Wall Street rewarded the second-largest automaker for pivoting away from Mexico, $F shares were up nearly +4% Tuesday.

Overall, however, it paints a company that is behaving in a reactionary way.  Notice how Fields now wants to pursue the electric car market?  Could it be because Elon Musk (all Praise and Glory to The Leader) was included in Trump’s new strategic team?

Either way, this is good news for Michigan as the company is projecting the move will save about 3,700 jobs in the Flat Rock area.  This is the world Ford lives in–where they assume a beta role in the auto industry and do what they’re told.  Acquiescence to the Leader(s).  And it might just work.

Bullish.

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NASDAQ Starts The Year Gap Up; Big T-Bill Auction on Deck

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 8, 2016.  REUTERS/Brendan McDermid

NASDAQ futures are coming into the first trading day of 2017 gap up after an overnight session featuring normal range and volume.  When the contracts opened for trade Monday evening they were gap up, and price continued pressing higher, effectively erasing much of the Friday losses before settling into two-way trade.

On the economic docket today we have Construction Spending and ISM Manufacturing at 10am.  At 11:30am the US Treasury is auctioning 4-week, 3-month, 6-month, and 52-week Bills.  Price is likely to find direction after these T-bills are auctioned off.

Last week was shortened by the observation of Christmas Day on Monday.  US markets rallied early Tuesday, but reversed by end of day.  The selling continued for the rest of the week.  Below is the performance of each major index last week:

01012017_indexperf

On Friday the NASDAQ printed a double distribution trend down.  After opening gap up there was a strong morning drive lower.  Prices continued lower throughout most of the day, working just a few ticks below the 12/12 low before finding a bid and settling into two-way trade.

Heading into today my primary expectation is for sellers to work into the overnight inventory and take out overnight low 4875.50.   Look for buyers down at 4769.50 and two way trade to ensue.

Hypo 2 work higher off the open, up through overnight high 4908 to target 4911.50 before two way trade ensues.

Hypo 3 high pressure short squeeze up through 4911.50 to target 4933 before two way trade ensues.

Hypo 4 strong sellers press a full gap fill down to 4865.25 then probe below the Friday low 4850.  Look for buyers down at 4844.75 and two way trade to ensue.

Levels:

01032017_nq_mp

Volume profiles, gaps, and measured moves:

01032017_nq_vpgapsmeasuredmoves

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The Precision Instruments Inside iBankCoin Labs Have Been Re-calibrated; Welcome To 2017

guniess-pump

Greetings from high atop the Rocky Mountains!

The air is sweet, the sun is hot, the ground is cold.  It all serves to refresh the mind and invigorate the soul heading into 2017.  This year will be much more challenging than 2016.  First of all, numerically, we are leaving a year divisible by 3 for one that isn’t.  So the number gods will not be shining down upon us during this trip around the sun.

Then then we have a geopolitical upheaval in progress which will surly rattle the markets, eventually, at some point.

However, at iBankCoin laboratories we do not expend precious energy and resources trying to predict how worldy events, well beyond our control, will affect stock prices.  Instead we focus on the raw and objective, pure data generated by the cumulative interaction of humans—the natural order of the markets—the last pure beacon of capitalism, to predict 5 to 10 days at a time.

Prediction is much like driving at night.  You only see the road your headlights illuminate, but you can make it across the entire country this way.  That is our approach to the stock market.  Take it one day, one week, one Exodus cycle at a time.

This method has severed us well.  There was a long-running win streak into the summer, including being short into the Brexit vote, covering and going long into one of the hardest rallies of the year–all decisions objectively driven by the IndexModel and Exodus.  It also offered the short bias heading into Christmas, an uncomfortable posture into a traditionally bullish time.

The 112th edition of Exodus Strategy session has been published, and inside it preparations have been made heading into January—often an ultra-violent month for markets.  With any luck, and a hard line penchant for objective execution, we can nail some big moves this year.  Exodus members (I see there are many new distinguished gentlemen, welcome) go check out the latest strategy session and if you have any questions, ask away.  It may take a few days for a response as I am starting the year off barreling down giant rocks with a board strapped to my feet.

The first matter of business will be deciding when to cover the rest of my NASDAQ short position trade.  I took a scale into Friday, risk has been neutralized–now the goal is to earn some creme whilst sashaying across the USA.

Let’s make the markets cry for their mammy this year.

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Out of Pocket

hqdefault

Broadcasting note: I will be on the move today.  When I land in Texas, the land of steer and brown lakes, GOD willing, the NASDAQ will be near my lower target (see prior post) and I will scale a profit.  Otherwise, I will be plugged back in sometime this evening.

One can only spend so much time in the flat land of grey.  I am hunting powder, high atop the Rocky Mountains.

If anyone’s in Brek, HMU bruh!

 

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Low-Energy Attempt To Take High Road After Christmas Fails; NASDAQ Slips Back into Value

hill-holiday-tweet

What we witnessed Tuesday morning on the NASDAQ exchange was an attempt to break up-and-out of value.  It was accompanied with light volume and no follow-through.

The result?  We fell back into value.  Often times, once one side of a well-developed value is tested, we go and test the other side.

In this case, the other side is lower.  And below our well developed value is a slip zone all the way down to about 4880:

12282016_nq_mp-midday

Before this can happen, sellers need to recapture 4928.75 and sustain trade below it.

Note: I am still short the NASDAQ, position trade, via $QID

Writer’s note: value, value, value

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NASDAQ Exploring Up Beyond Developed Value

space-oddity

NASDAQ futures are coming into Tuesday gap up after an overnight session featuring normal range and volume.  Price worked higher overnight, pressing up from the stable footing of the well-developed value we launched from Monday morning.

The economic calendar is light today—only a 2-year Note auction at 11:30am and a 5-year at 1pm.

Yesterday we printed a normal day.  The first 30 minutes of trade were so explosive, driving higher after a gap up to begin the holiday shortened week, that we never had a range extension for the rest of the day.  Instead, more than half the move was given up, intraday.

Heading into today my primary expectation is for sellers to work into the overnight inventory and close the gap down to 4961.  A probe below overnight low 4959.25 reveals buyers around 4955 and two way trade ensues.

Hypo 2 buyers work up through overnight high 4979.25 and make a run to test above Monday high 4994.50.  Look for sellers around 5000 and two way trade to ensue.

Hypo 3 strong sellers press down to 4937 before two way trade ensues.

Levels:

12282016_nq_mp

Volume profiles, gaps, and measured moves:

12282016_nq_vpgapsmeasuredmoves

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Futures Trading Slowly Heading into Christmas Shortened Week

trader-emptyfloor

NASDAQ futures are coming into Tuesday, the first trading day of the week, gap up after an overnight session featuring normal range on abnormally low volume.  Price worked higher overnight, trading up beyond last Friday’s high and settling up near the Thursday high as we approach opening bell.

Last week began with a strong driver higher Monday which was rebutted by the afternoon when sellers stepped in.  The rest of the week was spent drifting sideways with a slight downward slip.  Here is the performance of each major index last week:

12262016_indexperf

The economic calendar is light this week.  We have a reading of the Consumer Confidence at 10am.

Last Friday the NASDAQ formed a neutral extreme up.  The gap down was bought up but sellers pushed a range extension down by lunchtime.  However, buyers worked price back up through the entire range before end of day, closing near the session high.

Heading into today my primary expectation is for sellers to work into the overnight inventory and close the gap down to 4942.50.  From here we continue lower, down through overnight low 4940 before it becomes choppy two-way trade.

Hypo 2 strong sellers press down to value area low around 4920 before two way trade ensues.

Hypo 3 buyers press up through overnight high 4950.50 and begin probing up to new highs, taking out 4966.25 to target 4970 before two way trade ensues.

Levels:

12272016_nq_mp

Volume profiles, gaps, and measured moves:

12272016_nq_vpgapsmeasuredmoves

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