Tuesday, September 30, 2014

The Birth of BABA

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On September 19 the China-based e-commerce giant Alibaba performed the largest IPO in U.S. history: 

Alibaba (symbol:BABA) was collecting $ 21.8 billion - more than Google, Facebook, and Twitter combined (HERE). 

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Alibaba's consumer-to-consumer portal Taobao, similar to eBay.com, features nearly a billion products and is one of the 20 most-visited websites globally. The Group's websites accounted for over 60% of the parcels delivered in China by March 2013, and 80% of the nation's online sales by September 2014. Alipay, an online payment escrow service, accounts for roughly half of all online payment transactions within China. 

After some delays matching the huge volume of buy and sell orders, the first trade of Alibaba took place at 11.54 a.m. (HERE).

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Buy Rosh Hashanah and Sell Yom Kippur?

Courtesy of Stock Trader's Almanac
This is a table of the DJIA returns from 'Sell on Rosh Hashanah' (= Jewish New Year on Sep 24-26, 2014) and 'Buy on Yom Kippur' (Oct 3-4, 2014) going back to 1971.

The DJIA turned up on Rosh Hashanah (last Friday), and contrary to the Wall Street adage the logic of the solunar forces signals that this week will be up into Yom Kippur. Let's see.


Wednesday, September 24, 2014

André Barbault's Cyclic Index of Global Tension, Conflict and War

American jets hit targets in Syria on Tuesday, September 23rd, 2014, in the US-led fight against Islamic State. Although the US has not declared war since 1942, this is the seventh country that Barack Obama, the holder of the Nobel Peace Prize, has bombed in as many years (more HERE & HERE & HERE).

US Aggression Drags World into Age of Global Anarchy: After years of condemning the Syrian government's war against extremists at the cost of the civilian population, the US began launching air and missile strikes against "extremists" at the cost of Syria's civilian population. Mind-bending hypocrisy and the utter circumvention of the very "international law" the US claims to be chief arbiter over marks a dangerous leap toward global anarchy.

Sunday, September 14, 2014

Gold - Chart Patterns in Different Currencies

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Tom McClellan: The price bottom associated with gold's 13-1/2 month cycle was ideally due in July 2014.