NFLX (weekly info)-no change (below mid)
trend=down
low= 63.60
rev= 113.18; mid= 88.39
These last two weeks have not made any progress in stopping the downtrend. The small body candles indicate that there is no resolve by the bulls to push NFLX higher. It's below all SMA's. It's below the 61.8% minor retrace which was the last support before testing the 100.0% retrace.
SODA (weekly info)-no change (below mid)
trend=down
low= 28.53
rev= 33.05; mid= 12.87
Where did this move in SODA come from? It is confirming the bullish harami pattern on the weekly chart. It's back above SMA(13). It has moved enough to cause a weekly 3LB reversal up (1 more day but it should hold). It had enough of testing the 100.0% retrace and is moving away in a hurry.
TSLA (weekly info)-no change (above mid)
trend=up
high= 33.64
rev= 28.05; mid= 30.85
After four weeks of sideways trading Tesla drops quickly. An analyst dropped the price target from $70 to $44 and cut it from overweight to underweight. Unlike GM has there been any reported fires due to battery design? It's still above all SMA's. It's only testing the weekly 3LB mid. It's still above the 38.2% retrace.
Tesla Model S160/230/300 mile battery options. Yes I know, the US power grid isn't ready.
29 comments:
AmenRa,
nice 'cornering'~
~~
Quotage..
"Unthinking respect for authority is the greatest enemy of truth."
-- Albert Einstein
(1879-1955) Physicist and Professor, Nobel Prize 1921
http://quotes.liberty-tree.ca/quote_blog/Albert.Einstein.Quote.2297
"[M]onopoly profits exist over the long run only when the government guarantees them, as in utilities and cable. And for concentration of market power, no robber baron can hold a candle to the U.S. government.... The hugest concentration of market power in this country does not lie with the likes of Rupert Murdoch or Bill Gates, but with government itself.... No private company, no matter how huge or wealthy, could possibly have as much widespread power over the function of American markets as government does. And this power is exercised with essential unseriousness.... And unlike business attempts to make money, which necessarily involve selling something to a willing consumer, government’s market manipulations require forcing people into situations -- whether paying for cars or food, paying for R&D or new technologies, or selling off a part of their company -- that they would not have wanted to be in but for the government’s ham-handed threat of force.... Nothing could serve the workings of the marketplace better than [government] leaving it."
-- Brian Doherty
(1968-) American journalist, author, Senior Editor at Reason magazine
Source: Monopoly Games, Reason, p 7, Aug./Sept. 1995.
http://quotes.liberty-tree.ca/quote_blog/Brian.Doherty.Quote.4B2A
"The history of liberty is the history of the limitation of government power, not the increase of it."
-- Woodrow Wilson
(1856-1924) 28th US President
http://quotes.liberty-tree.ca/quote_blog/Woodrow.Wilson.Quote.2858
AAIP
European CEOs Move Cash to Germany - Bloomberg
"Grupo Gowex (GOW), a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one bank.
“I don’t trust Spain will remain in the euro zone,” said Jenaro Garcia, founder and chief executive officer of Madrid- based Grupo Gowex, which provides Wi-Fi access in 15 countries. “We moved our cash and deposits to Germany because Spain will come back to the peseta.”
BinT
The rush to move funds is increasing.
But you notice that even the German companies are doling out the funds to many banks...even the German banks are not completely trustworthy....
..How can this go on?
BinT
Extend and pretend until you can't. No different than the market being higher on EU Summit headlines. The summit won't fix the problems. The ECB isn't going to print. Behind the scenes the 3 mth EUR-USD basis swap is at levels that indicate liquidity is drying up again.
Plus, what country wants to give up their sovereignty?
"Plus, what country wants to give up their sovereignty?"
Ra, how about the United States when the agreed to have a central bank?
http://www.thefreedictionary.com/sovereignty
1. Supremacy of authority or rule as exercised by a sovereign or sovereign state. (Gave this up)
2. Royal rank, authority, or power. (Gave this up)
3. Complete independence and self-government. (Gave this up)
4. A territory existing as an independent state. (Gave this up)
???
ben22
Touche'. Didn't Woodrow Wilson regret his decision in his memoirs?
@Ra,
any chance for a chart of DD if you do a wrap today?
I went long near the lows today for a trade, first target is $48.
Ra, while candlesticking, and if we close at this price, on the SPX weekly chart, what would you call this pattern?
another $10, I'll be even, now, not sure I want to hold my remaining SDS calls over the weekend :/
Ra,
yes, Wilson did, but he didn't regret it enough to actually try and do something about it so far as I know, only Kennedy did, and then was dead a few weeks later, perhaps a coincidence that it went down like that, but that seems doubtful.
It would appear to me there are many nations of people very willing to give up their sovereignty.
QQQQ
Not much of a trend to be a evening star but it is a confirmation of the bullish engulfing.
ben22
The 38.2% retrace (44.00) on DD appears to be the line in the sand for the past few months.
09-Dec-11 12:00PM U.S. stocks up after EU reaches accord at MarketWatch
11:38 What's Ailing DuPont Could Be Telling For the Broader Market at The Wall Street Journal
11:28 Wall St gains after EU deal, but more stress seen at Reuters
11:23 Wall Street gains after EU deal, but more stress seen Reuters
11:22 DuPont cuts full-year 2011 outlook; shares drop Reuters
11:16 U.S. Dividend Stocks Aren't Safe -- Buy in Europe Instead at TheStreet
11:15 Stocks rise on Europe's new deal at CNNMoney.com
11:11 Stocks Rally 1% After EU Deal; DuPont Slumps at CNBC
11:10 Texas Instruments, Altera, DuPont: Harbingers of Doom? at Minyanville
11:05 Financials Lead Stocks Higher as Europe Steadies at TheStreet
11:03 What's Ailing DuPont Could Be Telling For the Broader Market at The Wall Street Journal
10:48 [video] DuPont Dives On Destocking at TheStreet
10:39 DuPont Cuts 2011 Earnings Guidance (Update 1) at TheStreet
http://www.finviz.com/quote.ashx?t=DD&ty=c&ta=1&p=d
anyone like DD @~44?
also, who thinks that DuPont trades at a Premium, modest, though, it may be, because of its Ticker Symbol?
ibid.
Holy Cow ~!
totally, missed this..
@Ra,
any chance for a chart of DD if you do a wrap today?
I went long near the lows today for a trade, first target is $48.
December 9, 2011 11:08 AM
AAIP
Ra, thanks, continuation of last weeks pattern, some times so simple but easily overlooked!
I like DD's :)) (maybe not 44 tho)
"What if our rights didn't come from God or from our humanity, but from the government? What if the government really thinks we're not unique individuals with immortal souls, but just public property? What if we were only entitled to our natural rights if it pleased the government? What if our rights could be stripped away whenever the government considers us to be its enemy?
What if this could all be accomplished with the consent of the people? What if the people's own representatives subverted the Constitution? What if the people were so afraid that they accepted the subversion? What if the government demonizes an external enemy and uses fear of that enemy to suppress our freedoms? What if people are afraid to protest?
What if the government knows this, and thus chooses enemies that are easily demonized, whether they pose real threats or not? What if threats become imminent dangers precisely because the government allowed them to happen? What if government scapegoating of an external enemy is as old as the government itself? What if the government has used scapegoating again and again to scare people into giving up their freedoms voluntarily? What if the government has relied on this to perform the same magical disappearing-freedom act time and again throughout history?..."
"...What if the real war was a war of misinformation? What if the government constructs its own reality in order to suit its own agenda? What if civil liberties don't mean anything to the government? What if the government just chooses to allow you to exercise them freely because you don't threaten it at the moment? What if the government released a report calling you a domestic terror threat, just because you disagreed with the government? What if the government coaxed crazy people into acting like terrorists, just to keep you afraid? What if the government persuaded you to believe that the greatest threat to your freedom is an impoverished and uneducated Third World population 10,000 miles away? What if the real threat to your freedom is a rich, powerful and all-seeing government? What if that government thinks it can write any law, regulate any behavior and tax any event no matter what the Constitution says?..."
"...What if these weren't just hypothetical or rhetorical questions? What if this is actually happening to us? What if the ultimate target in the government's war on terror is all who believe in personal freedom? What if that includes YOU? What do we do about it?"
http://lewrockwell.com/napolitano/napolitano32.1.html
ibid.
DD DEC 48 calls
0.05 -0.44 (-89.80%)
days range 0.03 - 0.20
or, if ya need more time
DD JAN 48 calls
0.52 -0.78 (-60.00%)
days range 0.50 - 0.73
I am "rooking" at DD* and this story on "Flench, Gelman" exports and I am thinking this is not good. "Lecession" is "creary" ahead in "Eulope". Selling "lisk" today. See my "ronger post"
http://www.bloomberg.com/news/2011-12-09/german-french-slowdown-raises-risk-of-recession.html
*DuPont, not a lady with DD measurements.... ;-)
Raffing out Roud....!!!
From Macro Man post by LB:
Another great day to take off another little bite of risk as we go into the end of the year. Not super-bearish as a rule, but I really don't fancy Q1. Not until we get down to lower commodity prices and BB can do the QE3. Stronger dollar isn't bullish for risk. Not to say we won't have some seasonal silly rallies, but they will all be mini-squeezes....
If you don't believe me, here are the data, in terms of German and French exports. We are probably already there, in other words. The Spring spike in Brent crude may have been the initial trigger for a slowdown. An oil spike has been the culprit many times in the US.
German, French Exports Drop
US Treasury auctions next week for 3y, 10y and 30y, and guess who will be buying? Yup, that's right. European banks. Putting to work some of that three years worth of free money to attempt to effect a silent stealth recapitalization and mend their disabled balance sheets, just as the US banks did.
Helloooo, liquidity trap.... Euro ZIRP, anyone?
BTW, awesome chart on NFLX. What an amazing Ponzi!
Quotage..
“Better to remain silent and be thought a fool than to speak out and remove all doubt.”
http://thinkexist.com/quotation/better_to_remain_silent_and_be_thought_a_fool/145479.html
“The time comes upon every public man when it is best for him to keep his lips closed.”
http://thinkexist.com/quotation/the_time_comes_upon_every_public_man_when_it_is/222705.html
----- “In the End, we will remember not the words of our enemies, but the silence of our friends.”
http://thinkexist.com/quotation/in_the_end-we_will_remember_not_the_words_of_our/214890.html
----- “Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.”
http://thinkexist.com/quotation/be_who_you_are_and_say_what_you_feel_because/341011.html
~~~
“I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live by the light that I have. I must stand with anybody that stands right, and stand with him while he is right, and part with him when he goes wrong.”
http://thinkexist.com/quotation/i_am_not_bound_to_win-but_i_am_bound_to_be_true-i/12573.html
~~~
“It often requires more courage to dare to do right than to fear to do wrong.”
http://thinkexist.com/quotation/it_often_requires_more_courage_to_dare_to_do/10065.html
“I do not think much of a man who is not wiser today than he was yesterday.”
http://thinkexist.com/quotation/i_do_not_think_much_of_a_man_who_is_not_wiser/145488.html
“The best thing about the future is that it comes only one day at a time.”
http://en.thinkexist.com/quotation/the_best_thing_about_the_future_is_that_it_comes/294249.html
AAIP
most, above, from Lincoln..
http://www.finviz.com/quote.ashx?t=DMND
+ ~43.65%
Short Float 59.80%
there be some 'Cold Steel'..~
Younds!
ibid.
Hey Mark !!
"It would appear to me there are many nations of people very willing to give up their sovereignty.
---
& 'do it'... to small familiar bands of descendents of nomadic desert clanspeople...
I'm glad I finally seem to have gotten the message accross...
I blame the ES roll over for todays action.
I see there weren't many EU headlines to spoil the rally. Give it a few days before the current "agreement" starts to fall apart.
@Ra,
yeah, thanks, I was looking at the fibo on DD along with several other things in that chart that set up the long trade today, so far so good, stops raised to break-even near the close on this.
looks like some other people were watching ole' double D as well
and on that front, my wife had on this show called what not to wear the other night and a woman on there was a size G bra, and here I thought double D's were huge
I didn't even know there was such a thing.....whoa.
ben22
That woman's back is shot to hell also. Unless she's large enough so that they're in proportion.
oh yeah
New thread.
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