Dow Jones indu top 4 points

indu11 2014

There are 3 lnes the  chart is banging it’s head against plus I have a change in trend time period here , for that reason we should be at a top. Notice my CIT  line on 11/3 because it did not work as a CIT  it seems to have execrated the up move. Nex  CIT  is labeled on the chart.

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Aem friday morning things to watch for.

aem

points of interest.  double click to enlarge.

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As a friend said to me who grew up in Egypt “soon there will be no place to run too”

Scary huh?

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gold weekly.

gold nov.

We have 4  waves so  far of a flat , I  believe we need the 5th up  before gold breaks down

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Judges are Free to Take Your Liberty For Anything – Didn’t Cut your Lawn – Jail Time!

We must stop voting for socialist , who think we  are the propertyn of the state instead of being free individuals.

It is just amazing how there is no respect for human rights and the sanctity of LIBERTY in the United States any more. There just has to be a serious overhaul of the rule of law in the USA for there are more people in prison in the USA than Europe, China, and Russia COMBINED. In Tennessee, a woman had to spend the night in jail because she had not mowed her lawn. A court had sentenced her to the prison because her garden had not been maintained in accordance with the rules of Lenoir City. In the USA, far too many judges are out of control and have become ruthless self-absorbed ego-maniacs who send citizens to jail for minor offenses that are not crimes in the least violating your Civil Rights, which is in itself a federal crime.

rest of the story is here.   http://armstrongeconomics.com/2014/11/04/judges-are-free-to-take-your-liberty-for-anything-didnt-cut-your-lawn-jail-time/

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Weather channel founder on CNN

I have spent  probably  10 hrs  a week over the last  8  months studying AGW and everything I have come across  that  is used for proof of AGW  seems to have been manipulated in a  way to prove their hypothesis. This maybe the biggest scam in our life time.
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some CITS in the next 2 months.

dj-30oct

I messed last weeks CIT  mainly because I did not go far enough back on the data. I had to go back over 8  years to find it. I apologize for not doing my DD. The red arrow looks like a  possible CIT  but a minor one. The December one looks  like a  strong one.

double click on graph too enlarge.

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Looks like a good CIT on CHK.

chk1914

3  WAVES DOWN  1.618  EXTENSION  COULD BE A GOOD BOTTOM

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Lawyers too often think things can be fixed with just writting a law.

They never look at the other side of the equation. For example this minimum wage petition that is going around. What does it really do and who really pays for it? these are questions that need to be answered before you think it is a good idea. Lawyers create most laws in order to take money from one person  just to give some of it to another. Is this in the long run helping anyone but the lawyer? Maybe this is why lawyers are very bad at economics and have no understanding of free enterprise. Everything must be forced through a law and the law must control how and what you spend. a bad lawyer billboard 9 Stupid lawyers. Billboards. (18 photos)

Now we have the IMF  and a lawyer  helping appoint a lawyer to run the IMF  get real. This is like a color blind person describing a Maltese  to a  colorist.  Here is an article by Martian Armstrong which fills in the reality.

At the meeting of the IMF and the World Bank, we began to see for the first time some blow-back against Obama’s hand-picket lawyer masquerading as the world leading of international finance. There were significant rifts between supporters and opponents of new state investment programs that LaGarde and Obama are trying to pull off taking pensions and squandering them on infrastructure that only produces temporary jobs anyway.

http://armstrongeconomics.com/2014/10/12/imf-admits-they-are-clueless-to-solve-world-economic-crisis/

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Oex hourly with possible cit’s

oexoct2

click chart to enlarge.I put  my wave count in too.

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nasd compqx chart with long term change in trend.

compqx

October  2015

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we need the Traficant clause passed by the government.

This was Jim Traficant’s last speech, honor him and listen to it. He makes a lot of sense.

I may not have always agreed to him but he  did speak his mind and pulled no punches.

“beam me up Scotty”

P.s. Is 1 minute of bad audio.

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Jim traficant will be missed.

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Farmers Set Tax Office On Fire

French Farmers Set Tax Office On Fire – Demise of Europe

FrechProtext9-21-2014

French vegetable farmer have set a tax office and a building on fire destroying the government facility which was the symbol of the increasing administrative burden and sanctions that is killing farming. Hundreds of tractors and trailers of the farmers converged on Friday evening before the building of the Agricultural Social Insurance (MSA) in the town of Morlaix (Brittany). There they dumped unsold potatoes and artichokes before the MSA-building and added pallets and tires setting the entire lot on fire. Thereafter, the farmers moved on to the tax office set that on fire as well. The protests also took place in numerous other places as well, however, only these two government buildings were totally destroyed.

read more at http://armstrongeconomics.com/2014/09/21/french-farmers-set-tax-office-on-fire-demise-of-europe/

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where has all the global warming gone? far far away!

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Fatca- another reason to get rid of the IRS

Foreign Account Tax Compliance Act, or FATCA

FATCA & How It is Destroying International Commerce

letters to Martin Armstrong on FATCA.

One reader writes from Belgium:
I’m a Belgian but worked  in the USA during  1987-1990 on an  expat assignment . My daughter was born in the USA and therefore has dual nationality ( USA  and  Belgian Citizenship). She is now 26 years old.

She started work a few years and I warned her that as  US citizen she should make a tax declaration in the USA on her world-wide income even when she work and get taxed in  Belgium and has no income from the USA.

Her bank called a few weeks ago and told her  that they wanted to close her bank account as on her profile they saw that she was  born in the USA and because of this  their procedures to comply with FATCA they did not want to service USA citizen anymore .

I advised her to go the USA embasy  in Brussels and do the necessary work to cancel her USA citizenship . She was surprised that the fee for this was going to be 450 $ and that as of next week  the fee would go increase  to 2300$. ( talk about no inflation when paying taxes and dealing with the government !!!).

I wanted to report this to you so you get this story out because I found this an other example of the arrogance of the US Government and find ways to tax  anybody in the world they feel. Fatca regulation seems to become an other opportunity to collect money to spend more I suppose.

Greetings
JB

Another Writes about simply trying to withdraw $13,000 in cash from their account:

Hello,
I just went to the bank today and I wanted to pull out $13,000 cash. I didn’t expect to be able to because of the limited amount they keep there. But what surprised me was that I was told I would need a lawyer to go over documents if I wanted to pull out more than $10,000 in cash. I asked the bank who pays for the lawyer and of course they said I would have to pay for a lawyer to get money out of my bank in cash…needless to say this 25 year old won’t be leaving more than 3000 in his bank account anymore and will be documenting it all in case the cops try to claim my money is illegal money and take it. What a world I get to be an adult in eh?
Thanks for the information,
G
                                 MY  ARTICLE ON INCOME TAX
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RIG Blog Sept 8, 2014 by Bushy

Hello people,

My first blog here at ketchumandfleezem.com…

Someone came across RIG on the forum, which I am proud to be part (Stock Vision (http://www.garsworld.com/) – a stock/stock options trading technical tools/signals and services website, providing no delay live feed updates and multiple time frame charts, weekly down to 5 minutes) who wanted to trade it and the publisher of this website (KetchumFleezem.com) has been asking me to put a blog together on options.

 

RIG Sept 8 2014 Chart

Chart Courtesy stockcharts.com

 

My analysis for trading options on RIG is as follows:

Primarily, I use Pivot Points and Fibonacci Retracements, rarely do I rely on indicators, as I feel them to be lagging, whether they are or not, and on the verge of reversal at whim.  I find option open interest/option volume (call/put) a more reliable reflection of true market direction/trend, using Bollinger Bands and RSI for Trend/Momentum, respectively (but prefer the Ultimate Oscillator to the RSI).

 

RIG Pivot Points

 

Pivot Points             Daily            Weekly

Resistance 3:          $38.20         40.05

Resistance 2:          $37.98         39.46

Resistance 1:          $37.79         38.53

Pivot Point:            $37.57         37.94

Support 1:              $37.38         37.01

Support 2:              $37.16         36.42

Support 3:              $36.97         35.49

 

My favorite tools for trading options are Options Analysis (optionsanalysis.com), Fidelity, Covered Calls website (coveredcalls.com) and trained on options using TOS (Think or Swim, which also has some great scans for both stocks and stock options; those being Sizzle stocks for Stocks and Spread Hacker for options).  I will sometimes look review technical analysis signals on the Trade King website; excellent website technical analysis provided by Recognia, for Option Strategies a Scanner is provided by IVolatility, which I’ll openly admit, I like, but am not in love with).  For Earnings and Dividends, I use Zacks (Zacks.com), Fidelity (above), Earnings Whispers (EarningsWhispers.com) and Option Slam (OptionSlam.com), to get a feel for what has happened in past coinciding quarterly cycles and what may unfold into those events.

RIG closed (Friday, September 5th, 2014) on a doji, at 37.60, forming a possible bull flag with its RSI at 35.25 and a bit of a possible downtrend, breaking the lower Bollinger Band.  Seeing heavy Oct straddle volume at 38, selling Oct 40 calls while buying 39 calls, which could signal debit call spreads.  RIG prices are below both the 50 and 200 DMA.

Volatility was through the roof into earnings, as expected, on positive numbers, beating by 0.52.  August 4, 2014, one day prior to earnings, RIG ranged between 38.12 – 39.44.  Earnings day into next day ranged between 38.13 – 39.39.

RIG rose as high as 39.59 on 8/11 then formed a doji at 39.76, one day prior to its dividends date of 8/20, which is normal and expected for the event; dropping prices for 4 days, bottoming at 37.33 on 8/25, then bouncing.

I don’t like that RIG Ultimate Oscillator is pointing down, but technically speaking, it has been seeing mostly inside days for about two weeks.  Darvas Box like formation.  I really don’t see it going up much, as the doji formation is a sign of indecision, as I’m facing, but may indicate a reversal to the upside, despite its weakness.  Evidently someone has interest in the 39 calls, as 7500 contracts traded at 1:13 pm on Friday.  RIG expected dividend of 0.75 cents on 11/20 and has paid its highest dividends to date since February/March 2012.

My trade of choice would be on Sept 26 calls broken wing butterfly , buy 1 39.50 – sell 2 43 – buy 1 47 at 0.13 cents, potential gain/loss $350/($50) – with high probability of being outside the strikes and about 27% being in the strikes zone.

Two other choices with better profit and slightly higher risk:

Nov 2014 butterfly using in-the-money (ITM) 36 calls, buy 1 36- sell 2 43 – buy 1 50 at 2.31 debit, potential gain/loss $469/($231).

Or, Oct 2014 butterfly using in-the-money (ITM) 37 calls, buy 1 37 – sell 2 41 – buy 1 45 at 1.19 debit, potential gain/loss $281/($119).

Don’t make your entries till you see what Monday’s market open looks like, as things are heating up in the Middle East and things may get ugly out there.  Always look to enter at the mid price when/where possible.

Economic Calendar for the week of September 8, 2014 (Courtesy of Briefing.com):

 

Week of September 08 – September 12 Summary
Date ET Release For Briefing.com Forecast Briefing.com Consensus Prior
8-Sep 15:00 Consumer Credit Jul $17.0B $17.8B $17.3B
9-Sep 10:00 JOLTS – Job Openings Jul NA NA 4.671M
10-Sep 7:00 MBA Mortgage Index 6-Sep NA NA 0.20%
10-Sep 10:00 Wholesale Inventories Jul 0.40% 0.50% 0.30%
10-Sep 10:30 Crude Inventories 6-Sep NA NA -0.905M
Week of September 08 – September 12 Detailed
Date ET Release For Briefing.com Forecast Briefing.com Consensus Prior
8-Sep 15:00 Consumer Credit Jul $17.0B $17.8B $17.3B
9-Sep 10:00 JOLTS – Job Openings Jul NA NA 4.671M
10-Sep 7:00 MBA Mortgage Index 6-Sep NA NA 0.20%
10-Sep 10:00 Wholesale Inventories Jul 0.40% 0.50% 0.30%
10-Sep 10:30 Crude Inventories 6-Sep NA NA -0.905M
11-Sep 8:30 Initial Claims 6-Sep 310K 300K 302K
11-Sep 8:30 Continuing Claims 30-Aug 2500K 2495K 2464K
11-Sep 10:30 Natural Gas Inventories 6-Sep NA NA 79 bcf
11-Sep 14:00 Treasury Budget Aug NA NA -$147.9B
12-Sep 8:30 Retail Sales Aug 0.30% 0.60% 0.00%
12-Sep 8:30 Retail Sales ex-auto Aug 0.30% 0.30% 0.10%
12-Sep 8:30 Export Prices ex-ag. Aug NA NA 0.30%
12-Sep 8:30 Import Prices ex-oil Aug NA NA 0.00%
12-Sep 9:55 Mich Sentiment Sep 83.5 83.5 82.5
12-Sep 10:00 Business Inventories Jul 0.30% 0.40% 0.40%

 

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dj-30 next major turning points, one is scary!!

dj-august

I see a strong turning point (cit) on 911, is this a coincidence? then another on 9/26th. Fyi I have a very short term one on the 29th of this month. click on graph to enlarge.

 

 

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Possible resistance spots on INCC

incc

this is up 6066% from where I bought.  Lets wish it keeps going!!!!!

 

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DJIA NEXT MAJOR TURNING POINT, Kind of spooky.

induaugust

The next  major turning point day I have is 9/11. I wonder  if this means  something bad can happen?

click on graph to enlarge.

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Where is the warm weather?

Photo: Just some interesting info from the KC National Weather Service this morning.  This is just part of the reason the peaches are taking their time to ripen this year.  The extended forecast does look favorable for getting the peaches ripened!  Looks like by the end of the upcoming week we hope to be open daily with a good selection of peaches.  If you have liked our FB page we will announce here when we open here first!

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First Energy chart for Alan.

fejuly

support and resistance lines are shown with possible CIT’s.  It is possible to go  back up to the oval before it drops . I believe this stock could see close to 23  going into December. Watch  the support and resistant lines as time progresses.

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dj-30 CIT

dowjuly16

Notice the wedge that is happening. This is like a spring building up a lot of tension. When it breaks the move can be as much as 2 times the widest part of the triangle. We on guard my friends.

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next CIT on DJ-30

dowjuly3

 

THIS COULD ALSO BE MONDAY OR WEDNESDAY.

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