Showing posts with label support. Show all posts
Showing posts with label support. Show all posts

Wednesday, December 26, 2018

The SP500 Breaks 2018 February Lows - What Next?

The ES (S&P e-mini contracts) broke the support level from the February 2018 lows immediately after the US Federal Reserve announced a 25 bp rate hike this week. This breakdown below the February 2018 lows is concerning because it indicates that previous support is not holding and we could be in for further downside price activity.



We are preparing a detailed research post for early next week regarding a broad range of US markets as well as how our proprietary price modeling systems are reflecting this recent price move. What we can suggest to all investors is play small positions at the moment and prepare for increased volatility. There is near term support that may come into play soon, but overall the markets are reacting to a deleveraging event that could see prices push below 2400 before finding true support.

Visit The Technical Traders to read all of our recent research posts and see what we believe will be the big movers in 2019.

Chris Vermeulen



Stock & ETF Trading Signals

Tuesday, October 7, 2014

Are Fake Cell Towers Intercepting Your Calls?

By Doug Hornig, Senior Editor

We’re now into Year 2 AS (After Snowden), and many Americans remain concerned about the security of their cellphone calls. They should be, especially considering a phenomenon that’s hit the news in the past few months.

Fake cell towers.

With most phones, you have no way of knowing whether someone might be listening in. You may believe that you’re safe because your calls are encrypted.

Trouble is, you may not be.

If you’d like to be informed when your call is being intercepted, one company that can put the proper tech in your hands is ESD America. It manufactures the CryptoPhone 500, which has a Samsung Galaxy SIII body, but with the standard Android OS hardened by the removal of 468 vulnerabilities.

The CryptoPhone will set you back $3,500. When it detects that your call has been compromised, it lights up and displays a warning message: “Caution: The mobile network’s standard encryption has been turned off, possibly by a rogue base station (‘IMSI Catcher’). Unencrypted calls not recommended.”

(IMSI stands for “international mobile subscriber identity” and is a unique identification number used by all cellular networks. It’s generally 15 digits in length, allotting the first three digits to country code and the next three to the mobile network code, with the remainder comprising the mobile subscription identification number within the network’s customer base.)

IMSI catchers are portable devices also known as “interceptors” or “stingrays.” They are not themselves actual towers, but they mimic the real thing and trick your mobile device into connecting to them even if you aren’t on a call. Once locked on to you, stingrays can be used for real time location tracking, with the ability to pinpoint where you are within two meters. But they can also eavesdrop on and capture the contents of your communications.

Stingrays are not cheap—upwards of $150,000 each—but they’re portable. They can be hand carried or mounted on a vehicle or drone. While the abilities of these interceptors vary, the full featured versions available to government agencies have a broad range of powers. For example, the VME Dominator can not only capture calls and texts, it can even take control of the intercepted phone. Yes, it can turn on your powered down phone and essentially use it as a bug.

But didn’t the Supreme Court recently instruct police that they must obtain a warrant before they can search your phone? Not really. The ruling was more limited, stating that police must get a warrant “before searching a cell phone seized incident to an arrest.”

The 11th Circuit Court has also ruled that warrantless cellphone location tracking is unconstitutional. But that conflicts with an earlier judgment by the 5th Circuit, which stated that people have no expectation of privacy over location data collected by cell towers because they are nothing more than a business record. The Supreme Court has not yet resolved that one.

Stingrays, however, can basically serve as wiretapping devices. Shouldn’t a warrant be required for cellphone intercepts, as it would be if law enforcement wanted to tap your home phone or place a bug behind the painting in your office?

Technically, yes. The Wiretap Act of 1968 requires the police to get a court order whenever they want to intercept any oral, electronic communication, or wire communications. It’s also been established that that protection extends to cellphones that have been turned on remotely for eavesdropping purposes.

To what extent are authorities honoring that requirement? Decide for yourself after reading this excerpt from a recent Newsweek article:

In January, Tallahassee, Florida, police used [a stingray] to track a stolen cell phone to a suspect’s apartment. The police then entered the home without permission, conducted a search, and arrested the suspect in his home. Not only did the police not have a warrant, but they did not disclose to a judge that they were in possession of a stingray because the department had received it on loan from the manufacturer on condition of secrecy.

Only after a judge granted a motion filed by the ACLU to unseal the transcripts of the case (the federal government had previously demanded the proceedings be sealed, going so far as to try to invoke the Homeland Security Act as the reason) was it was revealed that between 2007 and 2010 the department used stingrays without getting warrants around 200 times.

One ACLU spokesperson put it like this: “They are essentially searching the homes of innocent Americans to find one phone used by one person … It’s like they’re kicking down the doors of 50 homes and searching 50 homes because they don’t know where the bad guy is.”

Even though data is obviously hard to come by, the ACLU has been able to determine that stingrays are in use in at least 18 states—by local police, state police, or both. They’re also widely employed by the federal government, so you might want to remember that if you’re using your phone in the vicinity of a government facility, particularly a military base.

And if you’re encrypting messages, don’t count on that to save you. A stingray can force your 4G service down to a 2G level to thwart encryption, and the best of them will do it so that you’re not even aware it’s happening. Support for 2G is going away—AT&T is phasing it out by 2017 and Verizon by 2020—but manufacturers of stingrays are hard at work on the next generation of product, which will feature the ability to crack 4G.

Mass surveillance of law abiding citizens is just one aspect of the global cyberwar that’s red hot yet all but invisible to most of us. Casey Research has prepared an in-depth look at the subject in its white paper, Cyberwar: Threats to Your Money and Freedom, and How to Protect Yourself.

We urge you to download a copy today

The article Are Fake Cell Towers Intercepting Your Calls? was originally published at caseyresearch.com.


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Wednesday, January 8, 2014

This Thursday, John Carters "Voodoo Lines" Webinar

Free webinar on Thursday, January 9th at 8:00 p.m. eastern time. John Carter of Simpler Options is back with another one of his wildly popular free trading webinars.

In this Free Webinar you will learn:

    *   How to Identify Key Support and Resistance Levels
    *   What are Voo Doo Lines?
    *   Why Should You Care about Voo Doo Lines?
    *   What are the Voo Doo Lines Telling us now?
    *   John's Favorite Trading Strategies Using the Voo Doo and much more

Simply click here and we'll register you for this event

See you on the webinar!







Sunday, July 14, 2013

Free Webinar: How to Use Fibonacci Analysis in Your Trading Wednesday, July 17th at 8:00PM est

For years Carolyn Boroden has been using Fibonacci based market geometry and symmetry that provides the edge needed to succeed in choosing your entry and exits points for your biggest trades. And you can easily use these methods whether you are trading stocks, currencies, ETFs or commodities.

In this Free webinar Carolyn "The Fibonacci Queen" Boroden and "Simpler Options" John Carter will show us......

*     How to identify Fibonacci support & resistance zones

*    The simple way to manage your risk/reward using Fibonacci ratios

*    The brain dead easy ways to set up your support & resistance zones

*     How you can identify what markets to trade and when

*    The secret to identifying high probability targets in stocks and ETFs .... and much more

Simply click here and fill out your email address, click submit and you will be automatically registered for the webinar.

Watch "How to Use Fibonacci Analysis in Your Trading"

See you on Wednesday,
The Hedge Fund University




Saturday, June 8, 2013

Gold, Silver & Precious Metal Miners Signals

It has been a very long couple of years for the precious metal bugs. The price of gold, silver and their related mining stocks have bucked the broad market up trend and instead have been sinking to the bottom in terms of performance.

Earlier this week I posted a detailed report on the broad stock market and how it looks as though it‘s uptrend will be coming to an end sooner than later. The good news is that precious metals have the exact flip side of that outlook. They appear to be bottoming as they churn at support zones.

While metals and miners remain in a down trend it is important to recognize and prepare for a reversal in the coming weeks or months. Let’s take a look at the charts for a visual of where price is currently trading along with my analysis overlaid.

Weekly Price of Gold Futures

Gold has been under heavy selling pressure this year and it still may not be over. The technical patterns on the chart show continued weakness down to the $1300USD per once which would cleanse the market of remaining long positions before price rockets towards $1600+ per ounce.

There is a second major support zone drawn on the chart which is a worst case scenario. But this would likely on happen if US equities start another major leg higher and rally through the summer.

PriceOfGold


Weekly Price of Silver Futures

Silver is a little different than gold in terms of where it stands from a technical analysis point of view. The recent 10% dip in price which shows on the chart as a long lower candle stick wick took place on very light volume. This to me shows the majority of weak positions have been shaken out of silver. Gold has not done this yet and it typically happens before a bottom is put in.

While I figure gold will make one more minor new low, silver I feel will drift sideways to lower during until gold works the bugs out of the chart.

PriceOfSilver

Silver Mining Stock ETF – Weekly Chart

Silver miners are oversold and trading at both horizontal support and its down support trendline. Volume remains light meaning traders and investors are not that interested in them down where and it should just be a matter of time (weeks/months) before they build a basing pattern and start to rally.

SilverMiningStocksETF


Gold Mining Stock ETF – Weekly Chart

Gold mining stocks continue to be sold by investors with volume rising and price falls. Fear remains in control but that may not last much longer.

GOldMiningStocksETF


Gold Junior Mining Stock ETF – Weekly Chart

Gold junior miners are in the same boat with the big boys. Overall gold and gold miners are still being sold while silver and silver stocks are firming up.

GoldJuniorMiningStocksETF


Precious Metals Trading Conclusion

In the coming weeks we should see the broad stock market top out and for gold miners along with precious metals bottom. There are some decent gains to be had in this sector for the second half of the year but it will remain very dicey at best.

If selling in the broad market becomes intense and triggers a full blown bear market money will be pulled out of most investments as cash is king. Gold is likely to hold up the best in terms of percentage points but mining stocks will get sucked down along with all other stocks for a period of time. This scenario is not likely to be of any issue for a few months yet but it’s something to remember.

HFU staffer Chris Vermeulen


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