Arcade City WTF

Arcade City, the decentralized ride sharing service that will compete with Uber and run on Bitcoin, is available on the Apple App Store. I downloaded the app and logged in. The message I got was below: Arcadians in San Diego need a combined 1307402 karma to reach City Level 1 and unlock ridesharing functionality. Current city Karma: 68 out of …

Read More »

An $AAPL a day will make you gay

$AAPL broke ascending triple top triangle yesterday. (triangles are also gay) I don’t believe this will stick. It’s iPhone hype. Still, noting a pattern on $AAPL is worth documenting. Let’s see how it plays out. What do you think? The great thing about TA is it only deals with charts and doesn’t give a shit about my opinion, that was …

Read More »

$ILMN – feeling lucky?

Here’s an interesting chart on $ILMN. A close above $176 is a quadruple top break. A close above 178 breaks resistance going back to January. Do you feel lucky looking at this chart? Well, do ya? And here’s another look with different timeframe:

Read More »

Bitcoin gets punked

Bitcoin hits resistance at $630 and shits the bed back to $600 in less than an hour. Possible cause? Who the fuck knows. You have to love the volatility of Cryptocurrencies. Was it Hillary passing out at World Trade? Did some Chinese┬ánews hit? Cryptocurrency makes Chinese Burritos look like old man 401k stocks. Industry change (fintech) isn’t always pretty or …

Read More »

You won’t see this on CNBC

Here’s an interview with Riccardo Spagni AKA FluffyPony who is a core developer of the cryptocurrency Monero. One of the interviewers spends the first couple minutes using a sharpie to draw a tie on his shirtless body. In the first five minutes they joke about FluffyPony’s involvement in Monero as him playing the “long con” and his planned “exit scam”. …

Read More »

Britain to Mastercard: Bugger off

The Brits are suing Mastercard for $18 Billion citing high fees as an “invisible tax”. The lawsuit comes after the European Union’s antitrust regulator found in 2014 Mastercard’s fees to store owners to process international payments within the EU were excessive. Law firm Quinn Emanuel said the lawsuit was the largest damages claim in British history and would be brought …

Read More »

Bitcoin vs Gold

One year chart. Gold performed well over past 12 months but Bitcoin performed better. Bitcoin will crush your dreams if you chase it.┬áIt’s up from $575 to $630. Above this resistance we have $700+ within reach. A trip back to $575 would be a buying opportunity.

Read More »

Will $YELP follow $LNKD?

LNKD broke above a downtrend and has continued upwards almost 10% above resistance as part of a multi month move upwards. $YELP is up against resistance now. Will it follow in $LNKD’s footsteps? Are you a buyer with a tight stop here?

Read More »

Economics in One Lesson

Economics in One Lesson, written in 1946 by Henry Hazlitt, is an excellent book. From Chapter 1: Doesn’t everyone know, in his personal life, that there are all sorts of indulgences delightful at the moment but disastrous in the end? Doesn’t every little boy know that if he eats enough candy he will get sick? Doesn’t the fellow who gets …

Read More »

$DDD $BIDU $AMZN $NOW $TWLO

$DDD possible reversal after GE buys competitors. Caveat emptor. $TWLO on the move. $NOW getting interesting here. In response to White House Press Corp upset about a red carpet for Obama Chinese official responds with “Theses are our $CHINESEBURITTOS.” $BIDU $AMZN continues to decapitate your corner store, $WMT and soon favorite shipper.

Read More »