Nasdaq De-FAANGed?

By Zachary Mannes – Re-Blogged From Silver Phoenix

We generally chart the regular NASDAQ — the NDX, QQQ, and the futures — but when you consider that a mere five momentum names, affectionately given the acronym “FAANG,” comprise nearly 40% of the weighting of the entire index, a glance at the Equal Weight version is not a bad idea. I prefer the First Trust  (QQEW) to the Direxion (QQQE) as it seems to chart slightly cleaner and the “EW” is easier to remember.

Watching for nuanced differentiation in the patterns between the QQEW and NDX, it is possible to see the potential for the former to lead a bit. For example, back in August/September of 2018, QQEW marked a divergent high. More recently, the QQEW began to count more like the blue 5th wave extension of (5) of Primary Wave 3 before the NDX shifted from it’s “(B)” wave.

More importantly, though, is that fact that the Equal Weight does not get pulled to such price extremes by the disproportionate momentum of a scant few stocks. The Primary Wave 3 in NDX has stretched all the way to the 223.6% Fibonacci extension as measured in log-scale off the July 2010 low for Primary 2. By contrast, the QQEW hit a more perfect 161.8% Fibonacci extension for it’s Primary wave 3 top.

The disproportionate extension, though, also appears to affect the downside corrective moves.

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Should We Regulate Big Tech?

By Luigi Zingales – Re-Blogged From Imprimis & Hillsdale College

At the beginning of the twentieth century, the invention of the automobile liberated individuals from the yoke of distance. While people could travel before the invention and widespread use of the automobile, they were bound in their daily lives by the limited distance horses could cover. Railroads alleviated but did not eliminate those restrictions—movement was confined by the location of railroad tracks and by train schedules. It was only the automobile that gave individuals the freedom to move at their own leisure.

A century after the invention of the automobile, the invention of the smartphone triggered a similar revolution. And while history never repeats itself, sometimes it rhymes, and these rhymes can help us understand the present.

Before the smartphone, people were tethered to their landlines. In the 1990s, the proliferation of mobile phones and increased access to the Internet greatly expanded our freedom to communicate and our access to information. But it was the introduction of the smartphone in 2007, coupled with mobile communication and the Internet, that brought unprecedented access to information to the Western world and to a significant portion of the developing world.

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PragerU v Google/YouTube

Re-Blogged From Prager University

For more than two years, YouTube has continued to restrict access to more and more of our videos – simply because they present a conservative point of view. There are currently over 80 PragerU videos that are restricted – more than double the amount of restricted videos since filing our lawsuit against YouTube. Silicon Valley giants like YouTube continue to censor the ideas they don’t agree with. They promote their Leftist ideology and restrict conservative speech.

Help us fight against the censorship of our videos.

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Google, Facebook, Amazon May Be ‘Antitrust Situations’

By Bloomberg – Re-Blogged From Newsmax

President Donald Trump, stepping up his criticism of technology firms he says are favoring liberal points of view, said they may be in a “very antitrust situation” but repeatedly said he can’t comment publicly on whether they should be broken up.

“I won’t comment on the breaking up, of whether it’s that or Amazon or Facebook,” Trump said in an Oval Office interview Thursday with Bloomberg News. “As you know, many people think it is a very antitrust situation, the three of them. But I just, I won’t comment on that.”

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GOOGLE and the ‘Adjustment’ of Inconvenient Viewpoints

By Kip Hansen – Re-Blogged From WUWT

 

google_kicks_minoritiesDisclaimer: The opinions expressed in this article are solely those of the author, Kip Hansen,  and do not reflect the opinions of WUWT or Anthony Watts, owner and editor of this blog.  This is an independent Opinion Piece.  It is published here by the kind forbearance of Anthony Watts and does not necessarily reflect Mr. Watts’ personal or professional viewpoints. Any errors are mine alone — Kip Hansen.

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Long Item Warning:  This piece is 3600 words long and is estimated to take the average reader 18 minutes to read (every minute worth your effort).  I urge you to set it aside and return to it when you really have the time to read it in its entirety.  This is an important issue for most readers here. — Kip Hansen

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NEWS FLASH: World’s Library Sabotaged

By Kip Hansen – Re-Blogged From WUWT

BREAKING NEWS — SABOTAGE  @ The Library of The World

The Library of the World — the greatest collection since the Ancient Library of Alexandria — is the world’s largest and most complete library ever collected —  and which is claimed to hold a nearly complete written record of human knowledge — has been found to have been secretly sabotaged by a cabal within the library’s Indexing Department.

library

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Prager University Suing YouTube for Censoring Videos

By Marissa Streit, CEO of Prager University

As you know, PragerU’s videos are available on a number of platforms, one of which is YouTube. And as you may also know, YouTube has chosen repeatedly to restrict some of our videos for violating their “Community Guidelines.”  Those guidelines are meant to protect users against viewing sexual content, violent or graphic content, and hate speech.

As a PragerU viewer, you know as well as I do that our videos contain nothing even remotely close to any of these categories.

To date, YouTube has restricted nearly 40 PragerU videos, addressing topics ranging from religion and freedom of speech to the history of the Korean War.

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