Alphabet Inc. (NASDAQ:GOOG) having an iPhone doesn’t stop Google handing over your data
A New York Times investigation into how Google furnishes law enforcement with phone data exposed one crucial detail – having an iPhone doesn’t stop Google handing over your data.
The in-depth investigation by the Times revealed many details about how Google uses its in-house database – called Sensorvault – to cooperate with law enforcement.
Using the database, Google is able to provide police with the data of phones from a specific time and location. By submitting “geofence” warrants, police are able to look at which phones were in close proximity to a crime. According to a Google employee, the firm once received as many as 180 of such requests in one week.
The data attached to each phone is initially anonymous, then once police have whittled down the number of suspect devices, Google provides them with the names of the people each device is associated with.
The technology has been praised as a useful tool for law enforcement, but the Times piece calls into question whether its powers are too sweeping, especially in the case of innocent people’s data.
“The government could extend this breach of privacy and demand that Apple build surveillance software to intercept your messages, access your health records or financial data, track your location, or even access your phone’s microphone or camera without your knowledge,” Cook wrote.
Privacy remains a major marketing point for Apple, which it flaunts at Google’s expense. At CES this year, Apple mocked Google with a huge poster which read: “What happens on your iPhone, stays on your iPhone.” Last month, the company released a video ad with the tagline: “If privacy matters in your life, it should matter to the phone your life is on.”
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 1,261.93.
The projected lower bound is: 1,184.68.
The projected closing price is: 1,223.31.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.9130. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 64.04. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 16 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 107.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 10 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 14 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed up 3.230 at 1,221.100. Volume was 24% below average (neutral) and Bollinger Bands were 32% narrower than normal.
Open High Low Close Volume___
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,207.54 1,161.86 1,134.32
Volatility: 10 21 32
Volume: 899,664 1,387,616 1,595,352
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ALPHABET INC C is currently 7.7% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 30 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
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