The Truth Be Damned?

Lying comes naturally for people in the press. That’s why they are there in the first place. To protect fellow left-wingers at all costs. The truth be damned. This is what NBC employs Chris Mathews to do on a daily basis. For example, back in early 2014 Mathews was a guest on NBC’s “Meet The Press” to prop up the presidential candidacy of Hillary Clinton. He did so by defending her decision to blame an internet video for the murder of four Americans in Benghazi in 2012. In the clip below Mathews defends not only Hillary Clinton, but Susan Rice. She was the person who was sent out to lie for the Obama administration about the Internet video.

At the time it was quite obvious to many who can think for themselves that the Internet video explanation was a complete fabrication made up to protect the president’s chances of getting reelected two months later. Any known terrorist attack would simply be kept quietly by the liar czar media in order to get their dear leader reelected. Their plan on that ultimately succeeded.

However, they couldn’t conceal the actual truth behind the attack in Benghazi. Through a freedom of information act we would soon find out the administration’s internet video defense was indeed a bold face lie. Hillary Clinton, Barack Obama, Susan Rice and others in the Obama government knew immediately that what caused the deaths of four Americans was not done by a video, but by a calculated terrorist attack.

When breaking news came out yesterday that revealed Susan Rice as a key figure in the illegal unmasking of intelligence information on Trump administration officials, Chris Mathews was the first person to cast aspersions on the claims and blame the accusations on right wing republicans who were only out to politically damage Mrs. Rice because she happens to be a woman of color. When the left is devoid of the facts, all they have left to throw around are the same old charges of racism and bigotry.

Susan a Rice has a long history of lying for the Obama administration. In fact, she is so skillful at her craft she was promoted instead of demoted. Liar Czar media members also have a long history of doing the same thing regardless of the authenticity of the facts. To them, their socialist ideology must always be protected. The same goes for those who are employed to sell it. The leftist ideology and the people who are paid to promote it must always be protected at all costs. The truth be damned.

Humpty Dumpty Is Dead…

SELL MORTIMER, SELL!

I was amused once again, to be subjected to the shock and dismay of the talking heads over on CNBC tout television; agonising over 9 straight down days on the S&P 500. Something which has not occurred in thirty some odd years. Allegedly.

The culprit? Donald Drumpf of course! He and Russian hackers, the FBI, the right wing coup and tightening polls. Well…blow me down.

At the risk of appearing a bit pedantic – as the chart and bullet points will illustrate below – “smart money” has been leaving the market since the week of September 2nd. And it has nothing to do with the election. That is just the excuse du jour:

humpty

1. S&P has clearly violated strong support leading all the way back to late fall 2015
2. First possible Diatonic support (minor level) suggest an initial speed bump this week will be tested near 2065.81
3. Based on the leg established by the January and February double bottom and central bank induced vertical rally – to the week of August 19th all time highs; a 50% retrace suggests that real support comes in near 2002.41. At this level we have an equal amount of winners and losers. This is where the battle will be fought and decided.
4. Volume is increasing but has not yet cracked the 40 week (200 day) moving average. It is going to take much higher volume to put in a “real” bottom.
5. MoneyStream Index indicates that institutional money flow has been leaving the market since the week of September 2nd. Albeit quietly at first, and we did not really see the true effect until this past week. Note the accelerated death spiral and flat line that occurs leading in to November 4th.
We have enjoyed an over 22% faux money, central bank “three card monte” rally over the past 9 months. And now? It is time to bend over and grab your ankles Bullwinkle’s…
I am KingCAMBO, smoke em’ if ya got em’…and that’s how I roll…heading in to election week 2016.

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

The Willing Accomplice?

imageToday marks the 15th anniversary of the terrorist attacks on our country that killed nearly 3,000 people. Shortly after these horrific events in New York City, Shanksville, PA and Washington D.C., we were promised by many of our duly elected politicians who held high office that they would, “Never Forget!” They gave us the 911 Commission Report that was issued after a thorough and extensive examination of all the facts were put forth. 1,200 people from 10 countries were interviewed and 2 1/2 million classified documents were reviewed. This report was put together in 2004 to piece together what had occurred to try and prevent it from happening again.

What we learned from the 911 Commission Report is that Afghanistan was not the only country sheltering and aiding Osama bin Laden and Al Qaeda, Iran was also doing so before the attacks on our country between October 2000 and February 2001. The report stated on page 240, “Our knowledge of the international travels of the al Qaeda operatives selected for the 911 operations is fragmentary. But we now have evidence suggesting 8 to 10 of the 14 Saudi “muscle” operatives traveled into or out of Iran between October 2000 and February 2001.” The commission report would further conclude by saying that the topic of Iran assisting the hijackers would, “require further investigation by the U.S. government.”

Further investigations were held and after seven years of litigation. attorneys representing family members who had love ones murdered in the attack successfully won their case. In December of 2011 a United States district court ruled that Iran was behind the 911 attacks. The judge ruled that Iran and Hezbollah materially and directly supported al Qaeda in the September 11, 2001 attacks and are thus legally responsible for damages to over 100 family members who lost loved ones in the attacks on that day. The judge ruled that, the Islamic Republic of Iran, it’s Supreme Leader Ayatollah Ali Hosseini Khamenei, former Iranian president Ali Akbar Hashemi Rafsanjani, and Iran’s agencies and instrumentalities, including, among others, the Iranian Revolutionary Guard Corps (“IRGC”), the Iranian Ministry of Intelligence and Security (“MOIS”), and Iran’s terrorist proxy Hezbollah, all materially aided and supported al Qaeda operatives before the 9/11 terrorist attacks

Fifteen years after 911, it is sadly ironic that the same Islamic theocratic country that provided material aid and support to the Islamic fanatics that butchered nearly 3,000 Americans is now being rewarded by an American president. Last year president Barack Hussein Obama happily signed a nuclear agreement that suspended economic sanctions against Iran. The unpopular agreement allowed Iran to keep spinning its nuclear centrifuges. It also gives Iran billions of dollars they can use to build-up and strengthen their terrorism apparatus worldwide.

What does America get in return from this deal? We get a bolder, wealthier and dangerous enemy that continues to publicly chant, “death to America!” America will never forget about the tragic events of September 11, 2001. However, some in Washington D.C. seem to have forgotten altogether the knowledge that Iran was a willing accomplice before and after that tragic day. Knowing all this, Barack Obama still rewarded this dangerous theocracy with with what we now know is up to $33 billion dollars. Thanks to our president, Iran will now have the ability to bring more death and destruction to our shores by agreeing to allow them to build a nuclear bomb. “Never Forget?”