tybs
Ethiopia to issue first Boeing investigation report
ADDIS ABABA/SEATTLE/PARIS (Reuters via mkt screener) - Investigators will release a keenly awaited report on the deadly crash of an Ethiopian Airlines jet on Thursday, Ethiopia's transport ministry said, giving the first official clues to the second crash of a new Boeing 737 MAX in five months.
Some 35 nationalities were among the 157 passengers and crew who died when the nearly full plane crashed six minutes after take-off from the capital Addis Ababa in clear conditions.
The March 10 disaster prompted the worldwide grounding of Boeing's best-selling plane and scrutiny of its certification process.
"The 10:30 a.m. (0730 GMT) press conference is to present the preliminary report," Ethiopian transport ministry spokesman Musie Yehyies said.
The report may shed light on how a piece of cockpit software came back to life after pilots initially switched it off as they tried to save the doomed jet, people familiar with the matter said, placing both technology and crew in the spotlight.
The Ethiopian-led investigation has begun piecing together details of flight 302, starting with faulty sensor data on take-off from Addis Ababa, questions over the Boeing 737 MAX's high speed and a nosedive coinciding with the software re-activation.
The aircraft's high speed and initial climb suggests the engines were running at a higher than usual thrust, experts say.
The so-called MCAS anti-stall software is at the center of accident probes in both the Ethiopian crash and October's Lion Air accident in Indonesia that have together killed 346 people.
MCAS was designed to help prevent an aerodynamic stall by issuing commands to push the plane's nose lower. However, in both cases it is suspected of firing up in response to faulty airflow data from a single sensor designed to measure the 'angle of attack,' a parameter needed to avoid stalling or losing lift.
SENSOR PROBLEMS
Echoing the fate of the Lion Air jet, initial evidence suggests the Ethiopian Airlines jet experienced sensor problems shortly after take-off, causing the MCAS software to begin lowering the nose to grab air under the wings.
Unlike the Lion Air crew, who were flying at a time when pilots had been told little about the MCAS software, the Ethiopian crew used switches to turn the automatic system off but it later re-engaged, people familiar with the matter said.
Although aircraft experts say MCAS cannot turn back on by itself, the report is expected to shed light on whether and why the crew chose to restore electrical power to the system at the risk of setting off more automated nose-down movements.
Aerospace analyst Bjorn Fehrm said in a blog post for Leeham News that pilots may have deliberately re-activated the system in order to make it easier to trim or control the aircraft only to be overwhelmed by rapid counter-moves from MCAS.
Investigators will also look at whether the crew carried out all necessary procedures, including a recommendation to stabilize the plane using the trim system before turning the crucial software off.
The pilots maneuvered the plane upwards at least two times before hitting the stabilizer cut-out switches to disable the system, one person familiar with the matter said.
https://www.marketscreener.com/news/Ethiopia-to-issue-first-Boeing-investigation-report–28347930/
Nasdaq Triggers "Golden Cross" But "The Market Is Not The Economy"
For the first time since May 2016, the Nasdaq has triggered a 'golden cross' as its 50DMA crosses above its 200DMA.
But, remember, the market is not the economy… Today's big misses in ADP and ISM sent macro surprise data to its weakest since July 2017.
Or putting it another way… fun-durr-mentals don't matter!
Cap 3
What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes- exactly what we do not have.
https://www.investopedia.com/terms/g/goldencross.asp
https://www.zerohedge.com/news/2019-04-03/nasdaq-triggers-golden-cross-market-not-economy
Encourage you to look at this as well:
Powell's "Destabilizing Excesses" Loom As Financial Conditions 'Easiest' In 25 Years
(Not very easy if you are a bank trying to make up a lack of internal performance, i.e. non-performing asset's and no one is buying the shit you are selling.)
see cap 4
https://www.zerohedge.com/news/2019-04-03/powells-destabilizing-excesses-loom-financial-conditions-easiest-25-years
cue the fuggen robot attack on gold now
have used it in the past anon. The system knows many use this and when it moves mkts around it makes sure it hit's these area's so that the stop loss order's are triggered and they then turn it right back up, in most cases.
Technical patterns are good to know and understand however they have become quite moot over the last 10+ yrs. Hopefully these will matter soon