Sunday, June 29, 2014

FCPO -  So Soon The Party's Over ? - 6/30/2014

Though the market got another push on last Monday when it managed to close above the top band which is usually a good sign for the bull. But price action quickly frizzle out for the remaining of the week and gave back all the gains. I decided to close off my trade on last Thursday when price went below the prior day low as the Stochastic is already in the overbought zone . If you have decided to wait out , the last day to get out of the trade would has been last Friday when price went below the top band.

By last Friday, the market has triggered a  new sell signal as price went below the top band with the Stochastic went below the 80's signal line. I would sell on the coming Monday when if price goes below the signal day low of 2436.

Though the MACD remains positive , the DMI has already turned negative with the D- quickly rising above the 20's signal line. This is telling me that the sellers are rushing back in again. The D+ has fallen to 20's which means the buyers are fast closing off their long positions. I wrote about how unimpressive I was about the MACD's so called "golden cross" as it happened relatively far below the zero signal line. The recent market rebound was not too impressive.

The weekly chart remains friendly with the bear, especially when price went up to test above the bottom band and unable to hold onto the gains. The MACD continues to slide and it is below the zero signal line which is very bearish. The Stochastic may be inside the oversold zone and turned positive, but I need to see it crossing up above the 20's signal line before getting excited about it. The DMI stays negative with the D- continues to decline, this means the sellers are still getting out while the D+ rises means the buyers are back to test the market. But I remain more bearish inclined with this chart. The weekly chart Japanese Candlestick is of no particular significance, but with a long upper shadow that happens at the higher range of a minor recovery, this Candlestick may mean some possible selling ahead.

Both the daily and weekly chart are giving more bearish signals than bullish signals now. I think the technical rebound is over and am expecting another round of selling coming around the corner. But I secretly harbor some faint hopes that I may still see the return of a bull cycle at a not too distant future. Of course I am not saying this simply because I pluck something out of the air. And it is certainly NOT about the climate, war or other crops performances. There are something developing in the longer term charts that warrant my opinion. I would  explore on this in the coming weeks.
FKLI - Is A Top In ? - 6/30/2014

I bought in again on last Monday when price went above the previous Friday's signal day high. By last Friday I  closed off the trade when price went below the prior day low. The logic behind this is that the Stochastic is already getting overbought (because the ADX is low) and as explained in the past few essays, because of the bearish divergences I have been more bearish biased. So I would take quick profit on the buy side.

The Stochastic has crossed down but I would wait for it to cross down below the 80's signal line together with a price closing below the top band for considering a new sell position. The MACD stays positive but seems to be turning downward. The DMI is still positive but the D+ has crossed down below the 30's signal line which is telling me the buyers are quickly getting out of their long positions. The D- has risen, though it is still below the 20's signal line, it is still hinting to me that the sellers are getting enthusiastic . The previously rising ADX has gone flat for the last 2 days, this means the prior trend may has ended.

The weekly chart remains siding with the buyers. Price maintains above the top band. The MACD, Stochastic and DMI are still positive. The D+ went up again after falling for a few weeks, this means the buyers are getting strong while the D- is falling. The ADX is still rising, but since it is still below the 20's level, so I would not pay too much attention to it yet.

But there is an item here that may warrant attention and that is the Japanese Candlestick of a Shooting Star. When this appears at an uptrend, this may mean the bear may be covertly staging a takeover. In this case now, I suspect a top may in formation. But I need to watch what kind of Candlestick will appear in the coming week, if we get a large black body candlestick, then it will confirm a market top.

As I have been writing here for the past few weeks, I do not believe what the fundamental analysts have been raving about this market. I remain firmly thinking that the market is due to "die" soon as all the "death" signs are written all over  the charts.

Sunday, June 22, 2014


中国总理李克强星期一展开访英行程,英国各大报纸都发表前瞻性报道。除经济议题以外,英国媒体也 关注中英两国国际地位的此消彼长。
《卫报》的一篇评论说,在李克强访英前夕,北京决定温和地告诫英国, 要有自知之明”。
文章说,刘晓明的话说明,中国无暇顾及外交上的一般礼仪,想要提醒欧洲国家, 尤其是英国,究竟谁才是21世纪的领头羊。


英中贸易协会主席詹诚信(Lord Sassoon)在接受《每日电讯报》采访时说,英国希望在李克强访问期间为英国的关键基础设施项目争取中国投资
詹诚信说:“中国人完全理解,(除英国之外)世界上没有任何一个经济大国会允 许中国投资于像核电那么敏感的领域。”

Tree Hugging Hippies  Scam  - Greenpeace Lost $5.1 Million On A Bad Currency Trade


Greenpeace International said that one of its employees lost 3.8 million euros ($5,156,000) on rogue forex trades. 

The non-governmental environmental organization said the losses were “a result of a serious error of judgment” by one of its employees in the International Finance Unit in Amsterdam.
“Greenpeace International entered into contracts to buy foreign currency at a fixed exchange rate while the euro was gaining in strength,” the press release said. “This resulted in a loss of 3.8 million euros against a range of other currencies.”

The employee, who has not been identified, has been fired. He wasn’t a trader, though. 

“This is not a ‘Wolf of Wall Street’ scenario with young guns with ten computer screens,” Mike Townsley, the international director of communication for Greenpeace, told Business Insider in a telephone interview. “This is a mature, sober finance professional who unfortunately…whose judgment ended up being faulty and bypassed our control systems.”

He said it was a third-party contract that turned out unfavorably. The responsibility lay with the individual, who was terminated in March of this year. 

One of the responsibilities of Greenpeace International’s finance unit is to manage funds, Townsley explained. Greenpeace is a global organization in 40 countries, so money comes into the international unit and money goes out in the form of various currencies to support Greenpeace operations around the world.

The individual entered into euro futures contracts for a basket of currencies sometime last year with a third party. The third party matches with someone who wants to buy and sell, Townsley explained. 

“We transfer the currency. So again, it’s not like we are trading on the stock market.” 

This particular individual didn’t have permission or authorization to enter this contract. 

“Given the scale of some of these transfers, he would under our rules need to get approval—that didn’t happen. It should have, but it didn’t. The consequence— We terminated his employment. We’ve strengthened our internal controls.”


1900年进攻北京的“八国联军”中,其实还存在着一支被英国人雇佣的中国军团。这支军团的士兵虽然是中国人,但却在联军入侵的几次战斗中立下了“赫赫战 功”,赢得英国政府和西方媒体的一致赞扬。这支“中国军团”计400余人,代表英国政府参与了八 国联军侵华。联军中英国军队一共才3000人,其中中国人 就占13%。受多种因素的影响,长期以来,这支军团一直不广为人知。八国联军中的“中国军团”名 为“华勇营”。因为在八国联军入侵中的天津战役中“勇敢善 战”,英国陆军部特别以天津城门为图案,为华勇营设计了军徽,镶嵌在帽子和衣领上。
八国联军里的中国士兵八 国联军里的中国士兵

八国联军主要包括日军8千人,俄军4800人,英军约3000人,美军2100人,法军800人,意军53人,奥军50人。各国的兵力差别 很悬殊,日本其实是八国联军的主力。


八国联军是指1900年以军事行动侵入中国的英国、法国、德国、俄国、美国、日本、意大利、奥匈帝国的八国联合军队。前期由英国海军将领西摩 尔率领,开始 时总人数约3万人,后来有所增加。此事件最后以大清王朝战败,联军占领首都北京、清廷政府逃往陕西西安。最终清廷与包含派兵八国在内的十一国 签订《辛丑条 约》,付出庞大的赔款,并丧失多项主权。
辛丑条约规定清政府赔款白银4亿5千万两,分三十九年付清,被称为庚子赔款。联军占领北京后,对北京皇城、 衙门、官府大 肆掠夺,因而造成大量中国文物和文化遗产的失窃、破坏。在战争中,俄国出兵侵占中国东北全境,这也为日后的日俄战争埋下了伏笔。 


美国、奥匈帝国、英国、法国、德国、日本、意大利及俄罗斯的八国联军分别为:日军8千人,俄军4800人,英军约3000人,美军2100 人,法军800 人,意军53人,奥军50人,德军7000人。军舰约20艘,陆战队约540人,总派遣的军队人数为23540人。八国以日本派遣的军队人数 最多,奥匈帝 国派遣的人数最少只是象征性派遣50人,日本其实是八国联军的主力。



1898年11月,英国陆军部派员到香港和上海招募译员、号手等专业军士,然后到威海卫 招募士兵,组建中国雇佣军团。一阵紧锣密鼓的筹划之后,一支主要由300多中国流民组成的雇佣军于1899年在威海卫正式成立了。按照英国当时以组建地为 部队命名的惯例,这支部队被称为“中国军团”;又因士兵全是华人,又称“华勇营”。 


1900年6月中旬,英国驻华海军司令兼八国联军统帅西摩尔中将率八国联军进军北京,途中遭到了云集在天津的义和团和爱国清军的奋力抗击。西摩尔便调“中 国军团”增兵天津,6月21日,刚刚镇压完威海卫抗英民众的400多名军团士兵乘英舰离开威海卫前往天津。 

1900年6月22日,华勇营192名士兵和10名军官乘坐英舰“奥兰多”号,于凌晨五时抵达天津大沽口。此前一天,英舰“恐怖”号已将第一批香港皇家炮 兵(炮手多为印度兵)和香港军团(由华勇和帕坦人Pathans组成)的382人送到。需要提及的是,在当时参加八国联军的英军中,华勇营、 香港军团和新 加坡军团中的华勇们构成了英军的重要力量。在英国陆军部情报处编写的战史《1900-1901年在华军事行动官方记录》中,包含这几支部队如 何协同作战的 记录。 

1900年6月24日中午,香港军团和威海卫华勇营各两个连共四个连,护送海军提供的十二大口径大炮及弹药增援联军。道路泥泞,华勇营基本承担了“苦力” 工作,负责拖曳大炮,并安放在僧格林沁四十年前为抵挡英法联军而修建的濠墙(Mud Wall,即天津人说的墙子)上。当他们冒着弹雨进入法 租界时,受到 了联军守军的欢迎,但也有人对这群“中国人”进入自己的阵地表示不满和担心。 

1900年6月24日中午,香港军团和威海卫华勇营各两个连共四个连,护送海军提供的十二大口径大炮及弹药增援联军。道路泥泞,华勇营基本承担了“苦力” 工作,负责拖曳大炮,并安放在僧格林沁四十年前为抵挡英法联军而修建的濠墙(Mud Wall,即天津人说的墙子)上。当他们冒着弹雨进入法租界时,受到了联军守军的欢迎,但也有人对这群“中国人”进入自己的阵地表示不满和担心。 

1900年7月初,华勇营和香港军团的主要任务是清剿渗透到租界附近的清军和义和团狙击手。在一次战斗中,香港军团受到清军炮火的猛烈压制,二死三伤,在 华勇营紧急增援后才得以脱身。随后,华勇营新驻地受到清军猛烈的针对性炮击,造成极大的恐慌。华勇营的布鲁斯少校(Major Bruce) 带队携炮出 击,但不敌清军炮火,布鲁斯少校头部和肝脏中弹,华勇营另有两死五伤,协同作战的英国水兵也有五人重伤。 

1900年7月9日,联军发起了一次大规模攻击,由1000名日军、950名英军、400名俄军和200名美国海军陆战队员参加。是役,直隶提督聂士成中 弹身亡。华勇营的任务是护卫和协同香港炮兵,向西局军火库(海光寺军火库)发起炮击。在他们的掩护下,日军迅速攻占清军阵地。转移阵地时,华 勇营必须拖曳 笨重的大炮穿过被清军火力覆盖的小桥,一不小心大炮就会滑落桥下。桥上缓慢移动的华勇营受到了清军猛烈射击,驻守濠墙上的美国海军陆战队则进 行了还击,压 制了清军火力。事后,美军军官在答复华勇营感谢信时说,只要是女王陛下的军队,不管什么肤色,美军都把他们看作亲密战友。过河后,酷暑和体力 透支摧垮了香 港炮兵中的印度士兵,只有华勇营还继续拖曳大炮向预定阵地集结。事后,英军司令对于华勇营给予了高度的评价。《每日画报》 对此次行动进行了报导,但把功劳都归于那些中途放弃的印度兵,令华勇营的英军军官们耿耿于怀。
1900年7月14日,华勇营协同日军敢死队,终于攻破天津城墙,“光荣地成为参加最后攻击并占领天津城的英国军队的唯一代表”(巴恩斯语)。占领天津 后,华勇营奉命为北京远征军征集船只。他们的种族优势在此时得到充分发挥,沿着北河,居然征集了将近一百条大船和相应的船工。巴恩斯很得意地 说,华勇营对 当地百姓礼敬有加,赢得了民心,不少人愿意为这支英军而不是其它“洋鬼子”提供服务。 

1900年8月4日下午二时,联军向北京开进,华勇营抽调了一百人护送香港和新加坡皇家炮兵部队。8月5日,华勇营和香港炮兵协同日军进行北塘战役,由于 日军推进过于迅速,英军的炮火不少都落在了日军队伍中。如此一路攻击前进,到8月15日晨,华勇营终于开进了前门。在自己的首都,华勇营进行 的最后一场战 斗是将大炮拖上城墙,协同美军攻击紫禁城,得到美军的欢呼。 

攻占北京后,华勇营的任务主要是发挥种族优势,在英占区站岗放哨,又干回了警察部队的本行。当时八国联军中,不少国家出动的多是殖民地雇佣军,如法军实际 是由越南雇佣军组成,因此,在局势基本稳定后,看各种肤色的洋兵便成为北京一景,只是大多数人不知道,最强大的英军士兵实际多是自己的同胞。 1900年8 月28日,华勇营各连选派代表参加八国联军在紫禁城内举行的大阅兵,在受阅的英军队列中,香港军团与华勇营最后出场。 


1904年日俄战争爆发,日本在中国的旅顺和大连取代了俄国的位置,来自俄国的威胁随之消除。1905年8月,英日又第二次签订了同盟条约,英国对日本的 戒心也随之解除。由于威海卫的防御压力大为减轻,界内治安秩序也逐步稳定,“中国军团”便失去了继续保留的价值,英国政府和军队再次将解散该 军团的问题提 到议事日程。1906年6月,这支雇佣部队最终被解散。大部分士兵转往南非当警察,部分士兵留在当地充任巡捕或加入中国军队。 

“华勇营”成军后,镇压了威海当地的抗英活动,又作为英军主力参与了八国联军对华作战,战 力强大,军事表现出色。但在当时及以后的中国人看来,“华勇营” 士兵身为中国人,却加入侵略军,又对同胞作战,已可列入“汉奸”阵营。他们的存在,自然被视为中国人的耻辱。因此,中国档案材料对 这段历史表述极少。这也 折射国人对待历史的特殊心态。


据英国《每日电讯报》报道,美国大学教授联合会呼 吁近100所大学取消或重新谈判与孔子学院之间达成的协议,以便使它们正确反映言论自由的西方价值。

该学术机构发表声明称,孔子学院是中国政府的一个分支机构并被允许忽视学 术自由。”

拥有47,000名成员的美国大学教师联合会成立于1915年,其宗旨是为了捍卫学术 自由。


孔子学院是中国教育部旗下的汉办资助的。据孔子学院官方网站介绍,截至2013年年底,全球 已建立440所孔子学院和646个孔子课堂,分布在120个国家(地区)。
今年5月,芝加哥大学的100多名教授,包括政治系、历史系、英语系等七个系主 任在内发起联署,要求校方在今年9月与孔子学院的合约到期后不要续约。



该学院执行院长卢红博士在接受采访时首先否认了孔子学院在师资招聘和培训方面 不公开的说法。

孔子学院官网称,该学院是中外合作建立的非营利性教育机构,致力于适应世界各国(地区)人民对汉语学习的需要,增进世界各国(地区)人民对 中国语言文化的了解。

然而,批评人士说孔子学院不过是中国共产党的一 个宣传分支
理由是孔子学院总部理事会主席刘延东是中共中央 政治局委员、中国国务院副总理。

对于孔子学院受中共最高领导层操控,传播中共意识形态的指称,卢红博士说,对孔子学院持批评态度的西方人士不能光从其组织架构上妄下结论, 不能光看到孔子学院受某位中央领导监管就认为它一定是执行官方意愿的。

她说,孔子学院与英国文化协会、法语联盟和歌德学院等西方文化教育机构是一个性质。而且,孔子学院的管理委员会是由中西方的专家和学者联合 组成的,其中包括不少西方大学的校长和教授。

《每日电讯报》指出,设立孔子学院的目的是为了在世界各地通过宣扬中华文化和语言给中国的共产党统治涂脂抹粉因 为一些敏感话题在孔子学院是不允许讨论的,例如中国对西藏的占领这样的对中共不利的话题。

对此,卢红博士反驳说,院方一向鼓励学生在课堂讨论时自由地用中文表达观点,不会去有意回避什么话题。她还说,课堂上12个学生有12种想 法,要给每位学生发言的机会,就不能让某一位学生的观点主宰讨论。只要学生能够用中文流利表达自己的观点,就达到教学目的了。

2012年5月,伦敦政经学院中国问题学者胡克礼曾把校方接受中方资助设立商务孔子学 院的做法比作校方接受利比亚前独裁者卡扎菲的捐助一样中国驻英国大使指责这种批评言论是“冷战思维的产物”。

英国诺丁汉大学当代中国学学院院长姚树洁教授在接受采访时说,西方右翼指孔子学院是宣传中国软实力的工具,他说软实力并非贬义词。随着中国 经济强大,中国文化、外交也要强大。

姚树洁还说,西方一些人批评中国的孔子学院,却闭口不提西方也在中国做同样的事情,比如英国文化协会;另外西方还有传教士去中国传教,这些 西方人似乎不知道传教对中国的巨大影响。
 The Supremes celebrate 50th anniversary

It’s been fifty years since The Supremes released their first number-one hit single 'Where Did Our Love Go', the first of five such consecutive hits.

With numerous gold recordings, soldout concerts and over 100 million records sold, The Supremes remain to date the most successful Motown act and vocal band in the US.

Ironically, Mary Wilson, one of the band’s founding members says she did not like the song at first.

“It was 50 years ago that this was released, and I recall it as if it were just two or three weeks ago,” she says. (…) “I did not like it at all. I’m not sure about Flo and Diane. I was like livid, I said to (co-writer) Eddie Holland, I said, ‘If we don’t get a hit record, our parents are going to send us to college’… we had been singing since we were 13 so we knew this was what we wanted to do for the rest of our lives. Period.”

Originally named the Primettes, the band was founded in 1959 as a sister act to the male singing group the Primes from Detroit.

During the mid-sixties, the Supremes achieved mainstream success with Diana Ross as lead singer and was renamed Diana Ross & the Supremes. In 1970, Ross left the band and became a solo superstar.

After nearly two decades, The Supremes officially dismembered in 1977.

“People always ask if we will ever reunite. But that’s very difficult, because Florence passed away. And, unfortunately, Cindy (Birdsong, who joined the band in 1967) is having a few illness problems. And I think Diane is into her own stardom. She is a diva, a superstar. So sometimes it’s hard to go back. And people have no reason to go back,” says Wilson.

The Supremes’ success story helped change racial perceptions during the American Civil Rights movement, paving the way for future African American R&B and soul musicians.

Both aged seventy today, Diana Ross and Mary Wilson continue to perform live to enthusiastic crowds.




《泰晤士报》在周四(6月19日)的社论表示,随着中国的成长,以及在欧洲、亚洲及其它地区发展起来的新的依赖模式,中国必须要避免有任何傲慢的表现。而一个麻木不仁的新兴大国很容易树敌和冒犯新朋 友

社论也认为,李克强此次到访英国表现得有所克制,包括在《泰晤士报》上发表文章时曾称赞英国在能源保护和环境保护方面扮演的领导角 色,并表达了希望中英两国共同合作发展的愿望。
不过,社论也同时表示,虽然如此,也很难不让人觉得李克强到访,就像一 位长期不在的地主来巡视他新购买的土地一样。

社论也提到了中国《环球时报》对英媒有关李克强迫使英方安排见女王报道的评论 文章,并形容《环球时报》的有关文章是“几乎毫无掩饰的藐视”


《泰晤士报》的社论指出,中国应该小心,不要夸大其本身的实力文章 引述李克强说,中国还有两亿人生活 在世界银行制定的贫穷线标准以下而在城镇和乡村以及内陆省份和沿海地区之间,无论是收入还是经济发 展,都仍存在着很大的差距。而对外,南海和东海地区的 邻国对中国也越来越不信任甚至感到厌恶

文章说,中国方面可能觉得,由于欧洲极渴望得到中国的投资,因此在对待欧洲时不需要有什么特别考虑,有时甚至表现出只要有支票簿就 行了。但事实上,中国比以往任何时候都更需要欧洲及英国,而任何伙伴关系都需要互相尊重。

社论还强调说,既然李克强觉得在英国可以自由地公开发表意见,反对苏格兰独立、支持英国留在欧洲以及扩建伦敦希思罗机场,那英国也 应可以自由地呼吁李克强释放异见人士、放宽网络审查和停止大规模的网络间谍活动。

文章最后指出,英国的确在很久以前已经失去了它的帝国,但仍有实力继续在世界事务中扮演积极的角色。反过来,中国也要承担其新的责 任。

Songwriter Gerry Goffin dies aged 75

The man behind 'Will You Love Me Tomorrow', 'Take Good Care of My Baby' and 'The Loco-Motion' formed a brilliant songwriting partnership with first wife Carole King

The lyricist Gerry Goffin, who with his then-wife and songwriting partner Carole King wrote such Sixties hits as Will You Love Me Tomorrow and The Loco-Motion, has died at his Los Angeles home aged 75.
Mr Goffin, who married Ms King in 1959 while they were in their teens, penned more than 50 top 40 hits, including Pleasant Valley Sunday for the Monkees, Some Kind of Wonderful for the Drifters and Take Good Care of My Baby for Bobby Vee.
The couple divorced in 1968, but Mr Goffin kept working, co-writing Savin' All My Love for You, which became a hit for Whitney Houston.
Ms King said in a statement that Goffin was her “first love” and had a profound impact on her life.
She said: “Gerry was a good man with a dynamic force, whose words and creative influence will resonate for generations to come.
“His legacy to me is our two daughters, four grandchildren, and our songs that have touched millions and millions of people, as well as a lifelong friendship.“
Mr Goffin was born in Brooklyn in 1939 and was a chemist who loved music when he met Ms King. A whirlwind romance led to a marriage and their first hit, when she was only 17, Will You Love Me Tomorrow for the Shirelles.
Both quit their day jobs to focus on music.
The Goffin-King love affair is the subject of the Tony Award-nominated Beautiful: The Carole King Musical on Broadway. Ms King, while backing the project, had avoided seeing it for months because it dredged up sad memories. She finally watched it in April.
The musical shows the two composing their songs at Aldon Music, the Brill Building publishing company in Manhattan that also employed Neil Sedaka, Howard Greenfield and Carole Bayer Sager. The show ends just as King is enjoying fame for her ground-breaking solo album Tapestry. It also alleges Mr Goffin's womanising and depression were causes of the breakup.
After their divorce, Mr Goffin garnered an Academy Award nomination with Michael Masser for the theme to the 1975 film Mahogany for Diana Ross. He also earned a Golden Globe nomination for So Sad the Song in 1977 from the film Pipe Dreams.
Mr Goffin and Ms King were inducted into the Songwriters Hall of Fame in 1987 and the Rock and Roll Hall of Fame three years later.
Mr Goffin is survived by his five children and Michelle, his second wife.

List of songs written by Goffin and King

From Wikipedia, the free encyclopedia
This is a list of songs by Gerry Goffin and Carole King who formed a songwriting partnership for Aldon Music at 1650 Broadway in New York. Their partnership's first success was "Will You Love Me Tomorrow", recorded by the Shirelles.

Hits, charted songs and notable album tracks by Goffin and King

Year Song Original artist U.S. Hot 100 Other versions, chart information and album notes
1961 "Will You Love Me Tomorrow" The Shirelles 1 Carole King (in 1971), The Four Seasons (in 1968, #24), Cher, Roberta Flack, Amy Winehouse, Melanie, Jackie DeShannon, Len Barry, Bunny Sigler, Cissy Houston, The Platters, Neil Diamond (in 1993), Linda Ronstadt, Angus Tung (in Mandarin), Shirley Kwan and Alan Tam (in Cantonese), Dusty Springfield, Dave Mason and Debbie Gibson (both under the title "Will You Still Love Me Tomorrow"), The Rocky Fellers, Lorrie Morgan, and Minnie Driver (performed in the film "Beautiful)", Françoise Hardy, Bryan Ferry.
1961 "Take Good Care of My Baby" Bobby Vee 1 Dion and the Belmonts (later in 1961), Bobby Vinton (in 1968), Smokie (in 1981), Bobby Vee, Stephen Collins, Dick Brave
"Some Kind of Wonderful" The Drifters 32 Marvin Gaye (in 1968), Carole King (in 1971); not the same song as the Grand Funk Railroad hit
"Halfway to Paradise" Tony Orlando 39 Billy Fury (1962), Bobby Vinton (1968), Tina Charles (1977)
"Every Breath I Take" Gene Pitney 42 No relation to the Police's "Every Breath You Take"
"Walkin' with My Angel" Bobby Vee 53 Herman's Hermits
"Don't Ever Change" The Crickets - The Beatles (in 1963, unreleased until 1994), Brinsley Schwarz (1973), Bryan Ferry (in 1973), Mud (in 1982)
1962 "Chains" The Cookies 17 The Beatles (in 1963), Carole King (in 1980)
"Keep Your Hands Off My Baby" Little Eva 12 The Beatles (in 1964, unreleased until 1994)
"The Loco-Motion" Little Eva 1 The Chiffons (in 1963), Emerson Lake & Powell (instrumental), Grand Funk Railroad (in 1974, #1), Carole King (in 1980), Kylie Minogue (in 1988, #3), Tina Turner, Dwight Yoakam. Originally published as "Loco Motion".
"He Hit Me (It Felt Like a Kiss)" The Crystals - The Motels (in 1982), Hole (in 1994), Grizzly Bear (in 2007)
"Go Away Little Girl" Steve Lawrence 1 Mark Wynter, The Tams, Donny Osmond (in 1971, #1), The Happenings (in 1966, #12)
"Point Of No Return" Gene McDaniels 21
"It Might As Well Rain Until September" Carole King 22 Bobby Vee, Helen Shapiro
1963 "Don't Say Nothin' Bad (About My Baby)" The Cookies 7
"Old Smokey Locomotion" Little Eva 48
"I Can't Stay Mad at You" Skeeter Davis 7
"Hey Girl" Freddie Scott 10 Donny Osmond (in 1972, #9), George Benson (1977), Carole King (in 1980), Billy Joel (Greatest Hits Volume III in 1997), Bob James & David Sanborn, Ray Charles & Michael McDonald (duet, from Charles' album "Genius Loves Company"), Bobby Vee (as part of a medley with The Temptations' hit My Girl in 1968, #35), Righteous Brothers (1966, on their album Soul & Inspiration)
"One Fine Day" The Chiffons 5 Rita Coolidge (in 1979, #66), Carole King (in 1980, #12), Aaron Neville (in 1993), Natalie Merchant (in 1996)
"Up on the Roof" The Drifters 5 Kenny Lynch (1964), King (in 1970), Laura Nyro (in 1970), James Taylor (in 1979, #28), Neil Diamond (in 1993), Billy Joe Royal, Peter Cincotti
1964 "I Can't Hear You No More" Betty Everett 66 Dusty Springfield (in 1965), King (in 1970), Helen Reddy (in 1976, #29)
"I'm into Something Good" Earl-Jean 38 Herman's Hermits (later in 1964, #13, UK #1)
"Oh No Not My Baby" Maxine Brown 24 Manfred Mann (in 1965), Dusty Springfield (in 1965), Aretha Franklin (in 1970), Rod Stewart (in 1973, #59), The Partridge Family (Bulletin Board in 1973), King (in 1980 and 2001), Cher (in 1992, #33 in the U.K.), Linda Ronstadt (in 1994)
1965 "Some of Your Lovin'" Dusty Springfield
(UK #8)
"Don't Forget About Me" Barbara Lewis 91 Dusty Springfield (US #64)
1966 "Don't Bring Me Down" The Animals 12 Tom Petty and the Heartbreakers (in 1986)
"Road to Nowhere" Carole King - White Trash (1969)
"Take a Giant Step" The Monkees - From the 1966 US/UK number-one LP The Monkees, plus Taj Mahal (1969)
"Sometime in the Morning" The Monkees - From the 1967 US/UK number-one LP More of The Monkees
"Goin' Back" Dusty Springfield - (UK #10), Goldie (recorded in 1966 but unreleased), The Byrds (in 1968, #89), King (in 1970) and (in 1980), Larry Lurex (1973) Nils Lofgren, Elkie Brooks, Johnny Logan, Diana Ross, Glen Shorrock & Renee Geyer (Aust. 1983), Phil Collins (2010)
"I Can't Make It Alone" P.J. Proby - Dusty Springfield, Maria McKee (in 1993)
1967 "Pleasant Valley Sunday" The Monkees 3 The Weisstronauts (in 2008)
"Star Collector" The Monkees - From the 1967 US number-one LP Pisces, Aquarius, Capricorn & Jones Ltd.
"(You Make Me Feel Like) A Natural Woman" Aretha Franklin 8 King (in 1971), Laura Nyro (in 1971), Rod Stewart (in 1974), Bonnie Tyler (in 1978), Mary J. Blige (in 1995, #95), Celine Dion (in 1995)
1968 "Porpoise Song" The Monkees 62 Bongwater (in 1988)
"I Wasn't Born to Follow" The Byrds
King (in 1980), Tracy Grammer (in 2004), Beth Orton (in 2012). Byrds' single released as "Wasn't Born to Follow".
1970 "Hi-De-Ho (That Old Sweet Roll)" Blood, Sweat & Tears 14 Dusty Springfield (non-LP B-side in 1969), King (in 1980)

Songs by Gerry Goffin with other songwriters

In addition to King, Goffin also collaborated with other songwriters, notably Barry Mann, Russ Titelman, Barry Goldberg and Michael Masser. Works produced by these collaborations include:
More recent works attributed to Goffin are:
Year Song Songwriters Performer U.S. Hot 100 Cover versions
1961 "Who Put the Bomp (in the Bomp, Bomp, Bomp)" Goffin & Mann Barry Mann #7
1961 "Run to Him" Goffin & Keller Bobby Vee #2 Donny Osmond (in 1972)
1965 "Just Once in My Life" Goffin & King & Spector The Righteous Brothers #9
"Hung on You" Goffin & King & Spector The Righteous Brothers #47
1966 "Sweet Young Thing" Goffin & King & Michael Nesmith The Monkees
from the 1966 US/UK number-one LP The Monkees
1973 "I've Got to Use My Imagination" Goffin & Goldberg Gladys Knight and The Pips #4
1975 "It's Not the Spotlight" Goffin & Goldberg Rod Stewart
Beth Orton (in 1996)
1975 "Theme from Mahogany (Do You Know Where You're Going To)" Goffin & Masser Diana Ross #1
1978 "Saving All My Love for You" Goffin & Masser Marilyn McCoo and Billy Davis Jr.
Whitney Houston (US #1 in 1985, UK #1 in 1985)
1980 "Someone That I Used to Love" Goffin & Masser Natalie Cole #21
1983 "Tonight, I Celebrate My Love" Goffin & Masser Roberta Flack & Peabo Bryson #16
1984 "Nothing's Gonna Change My Love for You" Goffin & Masser George Benson
Glenn Medeiros (US #12 in 1987, UK #1 in 1988)
1989 "Miss You Like Crazy" Goffin & Masser Natalie Cole #7

FCPO - The Rebound Losing Steam But There Is Hope - 6/23/2014

The rebound has been losing steam for the last 2 days. Though the MACD and Stochastic continue to climb but the DMI has begun to "wriggle", so I think the market may get bogged down in another range bound mode. The ADX continues to fall, at leastt that is confirming the prior trend has ended. I would need to see price breaks above the top band to get a confirmation that the rebound is intact.


The weekly chart continues to stay in favour of the bear. The MACD, Stochastic and DMI remain negative and price stays below the bottom band. But there are a few "bright" spot for the buyers , there is the 3 white body Japanese Candlesticks formed in the chart. They are not big enough to called "3 white soldiers" but no doubt it is still a sign for a possible reversal, especially they are getting nearer to the bottom band. The Stochastic is now inside the oversold zone, though it has not turned around. The most interesting "bright spot " would be the DMI, the D- has turned down from above 30's, this is telling me that the sellers have been quitting their shorts positions. The D+ has begun to rise a bit, not enough to go above the 20's yet, but it is still a good sign that the buyers have begun to come back.

The technical rebound has not gone as smoothly as I want, but the bull seems to be building up their resources to make a decent comeback. So be patient.
FKLI - The Bulls Are Not Convincing - 6/23/2014

I closed off my earlier trade when price went below the prior day low. A new sell signal came on last Tuesday when price went below the top band with the Stochastic gone negative. But the signal did not make good when price did not go below the signal day low. Instead a new buy signal came again on last Friday when price went back up above the top band with a positive Stochastic. By following my trading system, I would buy again on the coming Monday when if price goes above the signal day high of 1887.

The MACD has gone positive again. The DMI remains positive but the ADX has been rising a bit from 10's to 11's but has stayed flat for the past 2 days. With the lowly and flat ADX, I would not get too excited over the current move. 

The weekly chart is still a bit biased towards the buyer. The MACD and DMI are positive, but the Stochastic stays negative and is still falling. Since it has been in the overbought zone, this is something that I would keep an keen eye on. The ADX remains flat at 16's, so the market should not go too far. The D- has been falling and it is below the 20's but the D+ has also been falling, so I read this as both buyers and sellers are NOT too in love with this market.

In the recent weeks, there have been some strange talks about some hot money is coming back. I do not believe it. From the numerous bearish divergences formed , I remain firmly in the bear camp. Of course it does not mean the market will necessarily "die" tomorrow, but I will pay more attention to the sell signals over the buys.

Sunday, June 15, 2014

  • The 10 most corrupt states in the U.S.


New research takes a look at decades of corruption convictions to find the crookedest states in the union.

When we think of government corruption (as one tends to do),  our biased minds often gravitate to thoughts of military juntas and third world governments. But, of course, corruption is everywhere, in one form or another. And it’s costing U.S. citizens big time.

A new study from researchers at the University of Hong Kong and the Indiana University estimates that corruption on the state level is costing Americans in the 10 most corrupt states an average of $1,308 per year, or 5.2% of those states’ average expenditures per year.

The researchers studied more than 25,000 convictions of public officials for violation of federal corruption laws between 1976 and 2008 as well as patterns in state spending to develop a corruption index that estimates the most and least corrupt states in the union. Based on this method, the the most corrupt states are:

1. Mississippi
2. Louisiana
3. Tennessee
4. Illinois
5. Pennsylvania
6. Alabama
7. Alaska
8. South Dakota
9. Kentucky
10. Florida

That these places landed on the list isn’t exactly surprising. Illinois, which has gain notoriety for its high-profile corruption cases in recent years, is paired with states like Mississippi and Louisiana, which are some of the least economically developed in the country. The researchers also found that for 9 out of the 10 of the most corrupt states, overall state spending was higher than in less corrupt states (South Dakota was the only exception). Attacking corruption, the researchers argue, could be a good way to bring down state spending without hurting services that people need.

Researchers also found that spending in these states was different than their less corrupt counterparts. According to the report, “states with higher levels of corruption are likely to favor construction, salaries, borrowing, correction, and police protection at the expense of social sectors such as education, health and hospitals.”

The paper explains that construction spending, especially on big infrastructure projects, is particularly susceptible to corruption because the quality of large, nonstandard projects are difficult for the public to gauge, while the industry is dominated by a few monopolistic firms. Corrupt states also tend to, for obvious reasons, simply have more and better paid public servants, including police and correctional officers. The researchers argue that the need for correctional officers is greater in corrupt places too because “the overall extent of corruption will be higher in states with higher numbers of convictions of public officials.”

Of course, it’s not all bad news, as the study also found the least corrupt states too. Citizens of these states–Oregon, Washington, Minnesota, Nebraska, Iowa, Vermont, Utah, New Hampshire, Colorado, and Kansas–can take solace in the fact that they’re not getting ripped off as badly as the rest of us.