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Day: January 5, 2019

Is Netflix On Your Conviction List???

January 5, 2019 Published by

Happy New Year to Netlflix.  Netflix has gained 16% during the first week
of trading for the year, 10% alone on Friday after Goldman Sachs added Netflix
to its conviction list.  Stocks that make
their conviction list are hand-picked stocks that are expected to outperform
and deliver meaningful upside.  So much
so, Goldman Sachs think Netlflix will be higher by 50% over the next 12 months.
  50% upside represents a stock price of
$400.

Goldman Sachs believes
Netflix’s investment in content, technology and distribution will continue to
drive subscriber growth above Wall Street expectations both in the U.S. and
internationally.

Netflix has been
investing in original movies and programming to grow its

BITCOIN: Symmetrical triangle

January 5, 2019 Published by

Again we are in front of a 50/50% pattern, the Symmetrical Triangular Pattern on which Highs are getting lower and Lows are getting Higher.

The options, as usual in this case, are sudden breakage of triangular pattern through one of the two trend-lines.

The most likely breakage used to occur in the same direction of the trend, since we are correcting from a previous higher point, I would expect a breakage downwards.

If this case is triggered, a fall to the 3300 USD may happen.

But, as I said, we have 50% chances as well on which the breakage may occur upwards. This option,

Upside Targets for SPX Running Out of Gas

January 5, 2019 Published by

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

Crypto Contest January 5: Loom Network

January 5, 2019 Published by

Loom Network (Binance: LOOMBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Loom Network began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on November 25, 2018. If this wave count is correct, Loom Network should be heading next towards the October 12, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
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