May 05, 2017

#Techstocks - $XLK Trading against the upper trendline - After 5X rise from 2009, maybe it's time to say goodbye?

Attached is the long term chart of the Technology Select Sector SPDR (XLK) US$ 54.77.


As can be seen XLK is trading against the upper long term trendline, an upward channel going back to 2010. Every time XLK traded at the upper line at least a correction started.


We also attached the long term Point & Figure chart, which shows the huge advance since last summer.


There are investors believing that trees can grow higher than airplanes can fly at high altitudes. We don't. This index is at a vertiginous high and most worrisome.


The lights have turned from green to yellow

(amber) and as per traffic lights, the next

colour is red! Reasonable investors must

say goodbye to technology stocks


August 03, 2016

#MoonExpress gets US gov approval for 1st commercial lunar landing @CNBC

Soon the moon will be the "eighth continent," as private companies such as Moon Express mine its surface for gold, platinum and other resources.

Read the whole story here:

A billionaire's race to harvest the moon's treasures:

June 30, 2016

#Startups in #Israel continue to raise the bar and set standards for tech ecosystems around the world

Startups in Israel raise US$547 million in June

Winter fails to appear in Israel; 36 startups raise $547m in June

Photo credit: Moyan Brenn .
Photo credit: Moyan Brenn .
Startups in Israel continue to raise the bar and set standards for tech ecosystems around the world. A total of 36 startups from the country raised a combined US$547 million from investors, according to data compiled by Israeli techies Nir Ben and Hillel Fuld. That's despite all the talk of an impending credit crunch and weakening VC appetite.
To give you some context, Israeli startups pocketed an average of US$300 million every month in 2015. June's figures mean they're on course to smash that record – and perhaps double the average – by the end of the year.
Here are all the funding announcements in June:

1. Walkme

Walkme helps guide people through confusing and complicated online services. It raised US$50 million at a US$400 million valuation in a series E round led by Insight Venture Partners.

2. Meta

Meta is an augmented reality startup which develops both hardware and software. It nabbed US$50 million in series B funding to expand its range of products and scale into markets like China. The round was led by Horizons Ventures.

3. Interlude

Interlude is a nifty new media and technology company that's trying to develop different kinds of videos which respond to a person's emotions and interests. It raised approximately US$50 million (exact terms were undisclosed) from Sony Pictures Entertainment.

4. Trax

Trax is headquartered in Singapore but has Israeli founders and maintains a large research and development office in Tel Aviv. The startup builds computer vision technology products for the retail and "fast-moving consumer goods" sectors, helping brands get more control over how their products are arranged on shelves. It raised US$40 million in series C at a valuation of US$220 million.

5. Weka

Weka is trying to radically simplify the way storage is deployed in datacenters. It works mainly with enterprise and cloud companies. The startup got US$22.5 million in series B led by Walden Riverwood Ventures.

6. SundaySky

SundaySky generates personalized videos based on user profiles every time they visit a website. It's trying to help businesses engage with their customers better. The startup raised US$30 million series D led by Viola Private Equity.

7. Airobotics

Airobotics is an autonomous drone startup that's trying to take humans out of the equation when it comes to piloting drones. It raised US$28.5 million in a "combined" series A and B.

8. Zimperium

Zimperium is a cybersecurity startup focusing on mobile and in-app protection. It pocketed US$25 million led by Warburg Pincus.

May 02, 2016

An #iPad Misplaced at the Airport Takes Its Own Vacation

This is fantastic! From The New York Times:

Using the Find My iPhone tracking feature, an owner follows the route of his device and goes online to post regular updates on its location.

An iPad Misplaced at the Airport Takes Its Own Vacation  
Last month, Shelby Bonnie’s iPad vanished from his carry-on bag somewhere at Fort Lauderdale-Hollywood International Airport after a red-eye flight from San Francisco. He figured he would never see it again.
But sometimes our devices aren’t ready to say goodbye.

...his iPad began a strange odyssey of its own, turning Mr. Bonnie into a digital gumshoe and the narrator of a personal thriller that played out on Facebook, to the delight of his online friends.
“I said, ‘I’m definitely going to lose my iPad, but I’m going to have some fun,’” Mr. Bonnie said in a phone interview.

ead the whole article online here:

April 28, 2016

Which are The Hottest #FinTech #VC's in Europe Backing the Next Big Breakthrough

The Hottest FinTech Investors in Europe to Back the Next Big Breakthrough in FinTech

These are the main #FinTech investors in Europe.  

The Hottest FinTech Investors in Europe to Back the Next Big Breakthrough in FinTech

Big breaks across industries don’t usually happen without VCs backing them. Success stories in most cases have co-authors and in 2016, VCs are the ones to provide a financial fuel to bright entrepreneurs and ideas with a high disruptive potential.
While some VCs are operating across regions, some have a particular geographical focus. Since Europe is one of the world’s hubs of innovation, the UK and other countries in Europe and in the Nordic region have their dedicated investors. The US is also rich on FinTech-focused VCs that have a keen interest in discovering the next big thing in FinTech. 
Aside from VCs, there are also FinTech accelerators accountable for success stories, both in the US and in Europe.
This time, let’s look at some of the hottest FinTech investors in Europe that also invest in other regions along with European venture allocations.

BBVA Ventures

Description: BBVA Ventures provides funding and expertise to promising technology companies disrupting financial services. The firm works with the entrepreneurs and co-investors in the US and EU, thereby becoming a long-term partner in their success.
Stage/size of investments: Early-stage venture to later-stage venture investments
Segments: FinTech, financial services
Portfolio of payments companies: Prosper, DocuSign, Simple, Radius, Coinbase, SumUp, Personal Capital, Ribbit Capital

Santander InnoVentures

Description: The company launched its $100-million fund in July 2014 to get closer to the wave of disruptive innovation in the FinTech space. Santander InnoVentures aims to support the digital revolution to make sure its customers around the world benefit from the latest know-how and innovations across the banking group’s geographies.
Stage/size of investments: Small companies and startups
Segments: FinTech exclusive
Portfolio: iZettle, MyCheck, Ripple, Kabbage, Cyanogen

Anthemis Group

Description: Anthemis Group is the venture investment and advisory firm at the center of a vibrant ecosystem of startups and financial institutions dedicated to reinventing financial services for the digital world. The firm boasts of being committed investors, thoughtful advisors, active conveners and dedicated problem solvers who share a passion for technology and a belief in the transformative power of digital financial services.
Stage/size of investments: Seed, early-stage ventures and later-stage venture investments
Segments: Retail banking & consumer finance, business & corporate banking, payments, wealth & asset management, capital markets & trading, insurance & risk management, data, technology & infrastructure
Portfolio of payments companies: Moven, Simple, Vericash, Fidor Bank

Index Ventures

Description: Index Ventures backs the best and most ambitious entrepreneurs and help them make their ideas real and lasting. The entrepreneurs it teams up with were born to build their businesses—it is their life’s mission. Working side-by-side with these visionaries makes Index Ventures incredibly optimistic about the future. The transformative companies they’re building, include Dropbox, Etsy, Sonos, SoundCloud, Flipboard, King, BlaBlaCar, Squarespace, Just Eat, Lookout, Hortonworks, Nasty Gal, Pure Storage, Supercell, Criteo, Funding Circle and many others.
Stage/size of investments: Index invests in various multiple stages including seed, early-stage venture, later-stage venture and private equity investments.
Segments: Information technology, life sciences
Portfolio of payment companies: iZettle, Clinkle, TransferWise, Funding Circle, Xapo, Swipely, BitPay, iZettle, CrowdRise, Funding Circle

AXA Strategic Ventures

Description: AXA Strategic Ventures’ commitment to founders and teams is to enhance value and maximize impact, therefore enabling you to engage individuals, customers and businesses. The firm maintains long-term, strategic focus. In other words, AXA Strategic Ventures want to help you become real players in the sharing economy—when you succeed, they succeed.
Stage/size of investments: All stages
Segments: Alternative business models, big data, climate change, financial inclusion and health
Portfolio: FundShop, WIDMEE, FLYR, Policy Genius

Subscribe to The MasterTech's Feeds

Add This