SPDR Sector Relative Strength Analysis Report For Week Starting 7/1/19

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive sectors such as consumer staples, utility and health care stocks tend to outperform during a recessionary phase, while consumer discretionary and tech stocks tend to fare well during early expansions.

When you trade, you want the strongest stocks in the strongest sectors, which is why you should monitor sector performance carefully.  With that said, lets determine the relative strength of the sectors relative to the S&P 500 ETF, SPY for the upcoming week.

Communication Services (XLC)

Consumer Discretionary (XLY)

Consumer Staples (XLP)

Energy (XLE)

Financials (XLF)

Health Care (XLV)

Industrials (XLI)

Materials (XLB)

Real Estate (XLRE)

Technology (XLK)

Utilities (XLU)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the SPDR sectors’ relative strength, relative to the SPY are the following:

Two Weeks Ago

Forex Relative Strength Analysis Report For Week Starting 6/30/19

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular.

And in the foreign
exchange market 90 of forex trading involves the U.S. dollar. Thus, when
assessing the relative strength of the most popular currencies in the world,
it’s always against the U.S. dollar, using the dailytime frame chart.

The “major” forex
currency pairs are the major countries that are paired with the U.S. dollar
(the nicknames of the majors are in parenthesis).

AUD/USD – Australia dollar (Aussie) vs. the U.S. dollar

EUR/USD – Euro vs. the U.S. dollar

GBP/USD – British pound (Sterling or Cable) vs. the U.S. dollar

NZD/USD – New Zealand dollar (Kiwi) vs. the U.S. dollar

USD/CAD – U.S. dollar vs. the Canadian dollar (Loonie)

USD/CHF – U.S. dollar vs. the Swiss franc (Swissie)

USD/JPY – U.S. dollar vs. the Japanese yen (the Yen)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the currency relative strength relative to the US dollar is the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

The Bitcoin Weekly Chart is Signaling a Reversal Lower

I’ve been keeping an eye on the weekly chart of Bitcoin and some other big cap coins.  Starting this week they all looked a bit extended and I was 50/50 on whether price would push higher.

For a while price did, but with the sell off in recent days you can see price is digesting the prior move (or maybe purging).

A Bigger Picture

Looking at this weekly chart of Bitcoin we see what is a huge reversal type candle that will be formed unless we get a sick rally in the next 8 hours.

That upper wick is one of the biggest I have seen and shows sellers came in hard above the 11,500 area, which ironically was my upside profit target when BTC pushed above 10k.

It’s hard for me to get long when seeing this type of price action on the larger timeframe.

There was a rule that I was taught often back when I was a full-time equities trader.

  • Larger Time Frames Dominate
Conclusion

This is not to say price cannot go higher in the near-term.  In fact price could rally 1k or more points and still technically not breach the reversal candle.

It is a warning signal though – that price has a higher probability of moving lower before it moves higher over the next week.

I’m trying to decide if I want to lighten my BTC position or not to be honest.

Bitcoin Drops! Bear Trap? Start of a Larger Correction?

In yesterday’s update, I told you bitcoin looked ready to make a larger move. Since that time, we’ve seen it drop over $1,000. Price found some support at the ascending support line we’ve discussed.

Screen Shot 2019-06-30 at 10.15.21 AM.png

Zooming out on the weekly chart, we can see we’re still trading above the upper Bollinger band. I’d like to see this week’s candle close above $11,500 later today. That would denote a major break above the prior resistance set back in January/February of 2018, which would likely signal continuation to the upside. As of now price has dropped below $11,500, trading at $11,100 on Coinbase.

Screen Shot 2019-06-30 at 10.17.21 AM.png

In today’s video I discuss, where price may go from here, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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Liberland news – Vít Jedlička message

Soon we will give people applying for Liberland citizenship also an option to become members of different other organisations that are currently active. Am I missing something important?
Chamber of commerce
Flight club and school
Lawyers association
Liberland Rotary club
Aid foundation
Association of Liberland free trade zones and villages
Liberland venture club
Esports association
Yachting club
Chess club
Musicians of Liberland
Crypto and blockchain club
Kayak club
National soccer team
Liberland jobs
Naturists association144

Liberland news from Liberland Poska

You want an update? You got it! Another great Liberland news show from Liberland Polska!
Covers our Uganda trip, Washington Elite Summit, the first Serbian Dinar-BTC purchase on our Xcalibra exchange, Liberland Aid Foundation, and more!
As always, turn on subtitles if you don’t understand.

Crypto Contest June 30: TokenCard

TokenCard (Bitfinex: TKNUSD) 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, TokenCard began a wave one advance on January 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 1, and the red wave two (blue sub-waves a-b-c) correction ended on May 20. If this wave count is correct, TokenCard should be heading next towards the March 1 peak in the red wave three.

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

Funnymentals

With TokenCard you can convert your tokens to fiat in seconds, then spend them with your Visa card. The video below explains how you can do it.

(Sources: TokenCard and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

The Sunday Recap – Down the Rabbit Hole 35


Bitcoin has been on a tear in the past week – ripping up then right back down again -volatility is certainly back! The bull trend seems confirmed though sharp/steep corrections are in order. The ALTS have been savaged but their day in the sun will come in due course. Beware leverage in such market conditions!

Much of this week’s recap focuses on examining BTC’s recent price action. There’s certainly a lot to discuss.


Picks of the Week

Blowing my own trumpet – the conclusion to the Riding the Bull mini-series is worth your time. Also the video breaking down the current trade dispute between China and the US is very informative.


Twitter

Dissecting BTC’s next bullrun (highly recommended):
https://twitter.com/real_vijay/status/1141599541554294784

Catalysts for BTC price appreciation:
https://twitter.com/BeauStoner/status/1143665410404831233

A stablecoin pegged against a basket of currencies – in itself very significant for global finance going forward:
https://twitter.com/RaoulGMI/status/1142852691556782080

The Financial Action Task Force (FATF) Guidelines aren’t a ‘sky is falling’ moment:
https://twitter.com/jchervinsky/status/1142578848170741760

UK Central bank opening its deposit door to Libra:
https://twitter.com/GarrickHileman/status/1141846260095303681

Is Brian Armstrong unknowingly talking about pEOS?:
https://twitter.com/brian_armstrong/status/1142640371639263233

Non-deliverable forwards (NDFs) succinctly explained:
https://twitter.com/zhusu/status/1141515449630281728


Articles

Very useful guide to assessing the degree of decentralization of exchanges:
https://medium.com/totle/how-decentralized-are-dexs-a-classification-system-for-decentralized-exchanges-5f06fb7564e6

IEO Performances Across Exchanges: The Best and Worst IEO Launchpads to date:
https://hackernoon.com/ieo-performances-across-exchanges-the-best-and-worst-ieo-launchpads-so-far-d828c064a161

A bullish case for BTC surpassing previous ATH:
https://cointelegraph.com/news/4-big-reasons-bitcoins-price-will-probably-not-stop-at-20k-this-time:

A little more on Libra and it’s immediate wide-ranging impact on the crypto landscape:
https://hackernoon.com/hasta-la-vista-libra-cc0d33c3e941

The dollar’s global reserve status is not as immutable as it may sometimes seem (recommended):
https://www.aier.org/article/us-dollar-supremacy-could-quickly-fade

Quantum Security seen as a looming issue:
https://medium.com/drive-insider/the-quantum-attack-on-bitcoin-d676017024bc


Podcast

Concluding the five part mini-series examining how best to approach the crypto bull run (recommended):​

https://podcasts.apple.com/au/podcast/two-minute-crypto-riding-the-bull-part-5-of-5/id1441492450?i=1000443003588


YouTube

Digesting BTC price action and a price point discussion:​


Interesting observations on recent BTC price movement and the anatomy of a bubble:​


A few basic tips during this time of BTC price volatility:​


Unpacking the current US-China trade war (highly recommended):​


Infographic

A visually elegant representation of the relationship between Libra and BTC:

https://twitter.com/weizhouBinance/status/1141587173814099968

​​


A sit up straight week for crypto -gripping / exhilarating and of course, just a little bit stressful (especially if you are holding ALTS). Until next time. As always, looking forward to your comments and suggestions.


Note on Sources:

Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.

Classic Example of When NOT TO BUY a Cryptocurrency

When the price of a coin is pushing ever higher people get excited and want in on the action.  I suppose that is when the FOMO kicks in.

Vertical Line Equals Do Not Buy

The example for today happens to be ChainLink (LINK) which has ripped higher for several reasons, one of which is just being listed on Coinbase the other day.

Here is the chart from 10 hours ago – wow look at it go.  I better get in it’s going straight to 10 right!?!

Here is a chart from the time of this post:

And that is why you don’t buy a coins that has gone vertical in price appreciation.

Buy the dips and sell the rips!

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