Damaged Political Aspirations?

img_0498Who would have ever thought that like her husband, Hillary Clinton presidential aspirations would be greatly damaged by a sex scandal. For Bill Clinton, it was his sexual escapades with Monica Lewinsky back in 1996 that ultimately dogged his administration until he was finally impeached by the House of Representatives. Now, nearly 20 years since that sex scandal, another one may ultimately stop his wife from becoming the 45th president of the United States.

Today, in what can only be described as a gigantic bombshell of epic proportions, the FBI reopened the investigation into the 2016 democrat nominee’s private email server investigation. Hillary Clinton’s secret email server was investigated by the FBI for several months and in May 2016 they issued a report clearing her of any wrongdoing. On July 6, Attorney General Loretta Lynch of the Justice Department also cleared Mrs. Clinton of any wrongdoing.

Today’s announcement by the FBI changes all that. With just eleven days before the 2016 presidential election, it is being reported there are new revelations that have surfaced concerning the email investigation into Hillary Clinton. The revelations have to do with new information pertaining to the sexting scandal of Anthony Weiner, aka “Carlos Danger.” He happens to be the husband of Hillary Clinton’s closest adviser, Huma Abedin.

If there is any classified information found on any mobile device belonging to Huma Abedin or her husband, that is a federal crime. Ironically, a sex scandal may not only have underminded the political aspirations of Bill Clinton back in 1996, it may also damage the political aspirations of his wife some 19 years later. It just goes to show you that what is good for the goose is good for the gander.

“Chicago Way” Con Job

imageIt seems Steve Croft of CBS’s, “60 Minutes” is the go-to-journalist embattled democrats run to when they need to weasel out of any kind of political trouble.  Barack Obama is no exception. They can always count on Steve to humbly sit there and get blatantly lied too. This pathetic behavior was again on display as Barry outwardly lied to Steve about not knowing about Hillary Clinton’s private email server.

Thw president’s answer to Steve Kroft was complete bull crap based on new evidence released by Wikileaks, several news outlets and the FBI. Recently released email chains from John Podesta, who is the Chairman of Hillary Clinton’s 2016 presidential campaign, suggests that everyone including the president was aware of her illegal email server back in 2015. The standard practice was to lie about it.

Ok. Sounds like people are putting words into his mouth.

On Mar 8, 2015, at 7:56 AM, Jennifer Palmieri
<jennifer.m.palmieri@gmail.com<mailto:jennifer.m.palmieri@gmail.com>> wrote:

Suggest Philippe talk to Josh or Eric. They know POTUS and HRC emailed. Josh has been asked about that. Standard practice is not to confirm anything about his email, so his answer to press was that he would not comment/confirm. I recollect that Josh was also asked if POTUS ever noticed her personal email account and he said something like POTUS likely had better things to do than focus on his Cabinet’s email addresses.

Sent from my iPad

On Mar 8, 2015, at 12:40 AM, Philippe Reines <pir@hrcoffice.com<mailto:pir@hrcoffice.com>> wrote:

I find it odd the NYT didn’t actually quote the President saying what’s in their headline. Especially since the story has a disbelieving tone to his not noticing. One of us should connect with the WH just so they know that.

Several media outlets have now reported the president not only knew about Hillary’s private email account, he used an alias email address to secretly contact her all along. This whole idea that president Obama’s administration has been the most transparent in our lifetime is a complete joke! What really has been going on for the past eight years is a “Chicago Way” con job so large it would make Chicago mobster Al Capone jealous!

Inciting Violence At Trump Campaign Rallies

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Democrat operatives from the Democrat National Committee and Hillary Clinton’s presidential campaign have illegally colluded with her superPacs to foment violence at Donald Trump rallies across the country. James O’Keefe at Project Veritas has gone undercover to expose how democrat organizations such as Democracy Partners, the DNC and Americans United for Change work behind the scenes to create astroturf protests to foment violence inside Trump campaign rallies. This is all done to portray his supporters as violent racists.

One of the many rabble rousers the video documents in the unlawful practice of working with the Clinton campaign and her Super PACs is Robert Creamer. He is a former ex-con who happens to be married to socialist democrat Jan Schakowsky of Illinois. Bob Creamer is also a consultant for the far left socialist /progressive activist group Americans United for Change. The group, formed in 2005 to attack George W. Bush was a leading advocate of two of Obama’s failed agenda items. The unsuccessful economic stimulus package in 2009 and the disastrous health care law the socialist democrats pushed through using a budget gimmick the following year.

What is now clearly known is Hillary Clinton’s campaign has been caught illegally paying the Democrat National Committee to hire ultra left wing community organizing groups to incite violence at Trump campaign rallies. We first started to see the evidence of this when violence started breaking out at several Trump rallies in Chicago this past summer. Little did we know at the time that it was Hillary Clinton’s paid rabble rousers doing the job all along.

This type of communication between Mrs. Clinton’s campaign, the DNC and her outside Super PACs is illegal under federal campaign election law. Mrs Clinton is not only guilty of breaking the Espionage Act and the Federal Records Act while working as Secretary of State, she also broke several federal campaign election laws while running for the White House. When it comes to the democrat party and Hillary Clinton, breaking the law seems to be an every day occurrence. To them, breaking the law is just part of doing business.

The Official Tea Bagger of CNN

Tea Baggers
Tea Baggers

When conservative voters mobilized across the country to form the Tea Party movement back in 2009, many leftists in the media downplayed the significancy of the movement as nothing more than a right wing, fringe group. They didn’t care or want to know what the Tea Party stood for. It was a large coalition of millions of voters who believed in cutting the deficit, slowing the rate of government spending and fiscal responsibility.

Who knew that holding the United States government fiscally in check was a danger to lunatic lefties? We saw how bat shit leftists like CNN host Anderson Cooper reacted to all of this. He was the first to refer to individuals in the Tea Party movement as, “Tea baggers” who “like to Tea bag.” What?

When Anderson Cooper first used the term, “tea bagger” to describe millions of Americans who associated themselves with limited government, most Americans had no idea what Mr. Cooper was talking about. Most everyday commoners across the country never understand or knew what the term meant. They certainly didn’t know it was a pejorative.

It wasn’t until later when many began to understand where CNN host Anderson Cooper was coming from. He was basically using a homosexual slang term to denigrate anyone who associated themselves with the Tea Party movement. Being an openly gay man as Mr. Cooper is, one can only assume he has been tea bagged on multiple occasions by many male partners in his lifetime. So you would think he would have first hand knowledge of what he is talking about. You could say Anderson Cooper is the official “Tea Bagger” of CNN.

On Sunday night. CNN host Anderson Cooper will try to his best to convince you that Donald Trump is the establishment rich guy who can’t possibly relate to the average American voter. When in reality. It is the CNN host Anderson Cooper who can’t possibly relate. He has proven this fact by using the CNN cable network to publicly insult and impugn a large portion of the American electorate by equating them to a slang term used in describing a homosexual sex act. We have CNN and Anderson Cooper to thank for dragging America down into the gutter of homosexual deviancy. This is CNN.

BLOW ME DOWN!

PLAY OF THE DAY: HD

hd100616

*click on chart to zoom in

How to survive a CAT 4 hurricane and live to talk about it… Step one: move far inland  and do so quickly! Step two: run, drive, or fly as fast as you can, and as far north as you can. Don’t look back and bounce the check to the undertaker.

Once you have secured your new location in a heavily fortified compound – protect thy portfolio. How, you may ask? Why with savvy investment in plywood, hammers and nails of course. Home Depot: HD

Considering the chart above – here are your five reasons why:

  1. Today’s monster “bozu” candle has taken out three levels of resistance – defined by the August 1 2016 high to the September 26 2016 low. These levels all “blown out” in a single trading session.
  2. Uptrend line anchored at the June 27 2016 low and the September 26 2016 low. This suggests there is very strong support now in this stock near the $125.62 area.
  3. A clear and striking break out in volume today – well above it’s 50 SMA.  To wit…about 3 million shares above average volume.
  4. Money Flow – beautiful angle of attack and climbing. No where near overbought territory. Earnings do not release until November 15th – but it looks like due to the storm, heavy hands are moving in early. *(Nov 15 announcement will not reflect any hurricane sales)
  5. Based on the trading range from August through late September $132.25 is a very reasonable upside target – which I expect we can meet or beat on Monday’s open.

And there you have it. To all of my southeastern brothers and sisters, rednecks, goobers, second cousins, ex-wives, former employers, barmaids, beer buddies, miscreants, scoundrels and cretins whom I have known…please be safe. Find yourself some high ground – mix up a pitcher of “Hurricanes” and crank up the Jimmy Buffet music!

And you can bet your ole grandma’s gold fillings that Home Depot will be banging the cash register for you shortly.

Smoke em’ if ya got em’…and that’s how I roll…on HD

BLOW ME DOWN!

Are you in the mood for a GOOD flick?

PLAY OF THE DAY: NFLX

flix

*click on chart to zoom in

Netflix is reporting earnings on Monday October 17th. Stock is up over 7% already, this week alone. Part of this is attributable to rumours on Twitter that Disney wants to make an M&A play for NFLX? Amusing as this may sound…and as much as it nauseates me to even acknowledge Twitter…rumours on both Twitter and StockTwits.com seem to take on a life of their own these days. With “credible news outlets” (eh?) relying on Twitter as “unnamed sources”.  Well blow me down… In any event, let’s go to the video tape here and crack this bad boy open:

  1. On Monday of this week, NFLX broke through top heavy resistance established back on September 6 2016
  2. During today’s session NFLX smashed through even heavier resistance established on May 26 2016 in the $103+ area
  3. Today’s high on NFLX has pierced the mid point of the down leg which originated during the week of December 11 2015 near $133.27 and bottomed near $79.95 the week of February 12 2016
  4. Volume over the past 3 sessions has smashed through it’s 50 day average volume. There is something going on here.
  5. Last and certainly not least – Money Flow Index – (Money Flow was the indicator developed by Don Worden back in the 1970’s) which gave birth to Money Stream. That is a topic for another post, lest I digress. But the clue here is Money Flow is CLEARLY rising and has not reached overbought levels yet. We can deduce from this last bullet, that strong hands are coming in – not just retail pikers.

So to wrap this hideous screed here, some final thoughts…I think the whole DIS (Disney) big buy out rumour sounds pretty Mickey Mouse to me, at best. The play here really is – the inflow of money in to the stock ahead of earnings.

And on the subject of earnings, you can expect several things. Count on the fact that NFLX like every other FANG component has guided expectations “under” for analysts. Why would they do that? So they can beat and blow out expectations. They, like all their other peers will use NON GAAP (a/k/a “cooking the books” or “fucking the dog”) accounting methods.  Bottom line, earnings surprise – the algo’s that fire off on news headlines will pile on the buy triggers w/o reading the actual earnings statement. MOONSHOT followed by many bag holders a few days hence.

Based on weekly trend diatonics – I see immediate upside to $111.85 followed by $115.64 heading in to earnings 11 days from now. From today’s close near $106.30 – As far as post earnings? That is a lottery ticket…and should be treated as such. At the end of the day…it is bound to be a good flick!

I am KingCAMBO…or used to be anyway..smoke em’ if ya got em, and that’s how I roll…on NFLX

 

Good As Gold?…perhaps maybe but not YET

nem

This is my first post in many a blue moon…so forgive me while I shake the cobwebs out from between my ears. A good friend down in Marco was asking for my thoughts on Newmont Mining as a play. Instead of bloviating on it – I will just share my reply here:

Okay… the daily chart has been eviscerated, so we need to zoom out to a weekly chart to see the bigger picture. Take a look at my footnotes below the chart:

1. Is the low price from the week of August 28th 2015. The last major bottom.

2. Is the most recent significant low from the week of May 27th 2016

3. This weeks action has blown up a very heavy support diatonic near $36

4. Curiously enough the $30.84 area (call it $31) is the midpoint of the 2015 bottom to the week of August 12th 2016 top. And this is the most important. At the midpoint of a major leg – there are 50% winners and 50% losers. This where the majority of the stop loss orders will be placed. Either the Bulls or the Bears will capitulate here on margin calls. “loot a burning house” theory…

5. Consider this too – look how extremely low the volume has been on this meltdown… that should tell you two things – a.) Institutions, and hedge funds, banks and strong hands are not the ones dumping. -and- b.) this is RETAIL selling or what I affectionately would refer to as a “Piker’s Panic”. I can’t see any reason to try to front run a long trade until it tests and holds the $31 +/- area

be well,
KingCAMBO