UPS Was Downgraded Because…

Amazon Air includes 50 planes and several new regional hubs, including a $1.5 billion hub opening in northern Kentucky in 2021.   Amazon’s play into logistics and shipping is so they can lower their shipping cost and control their destiny of getting that package to your house…the so called “last mile.”  Amazon even had the nerve to in their 2018 annual financial filing to list “transportation and logistics services” as competitors for the first time.  However, according to UPS Amazon is years away from this happening.

UPS Inc. (NYSE: UPS) reported on Wednesday, July 24 that next-day air volumes in its second quarter surged by 30 percent over the year-earlier period, a pace of year-on-year gains that no one can ever recall. The numbers were likely skewed by volumes from e-tailer Amazon.com, Inc. (NASDAQ: AMZN) which migrated to UPS after FedEx Corp. (NYSE: FDX) said in early June that it wouldn’t renew its U.S. air services contract with Amazon.

Still, coming on the heels of UPS reporting an 8 percent year-on-year increase in the first quarter, Wednesday’s results indicate that after 20 years in the desert, next-day air has found a trend – namely the push toward one-day delivery spearheaded by Amazon’s move to compress delivery commitments for users of its “Prime” service – it can sink its teeth into.

Source

However, UPS was downgraded by Stifel’s today with a $118 target price.  Stifel stated that investors may want to consider waiting for a better opportunity to buy the “large, improving cash flow machine” of a company. Was the downgrade, random or planned? The downgrade occurred right when price came into daily and monthly supply, so the downgrade wasn’t random….this is just how Wall Street works.

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.

Cautious Red Robin

Watching me from the trees. Unwilling to chance an approach.




Categorybirdphotography
Camera ~ LensNikon D3400 DSLR ~ 18-55 mm
LocationAustralia

Prompt / Theme: They’ve been circulating for a while.. How many Steem-Engine tokens do you have? Which is your favourite? Why?


Giveaway ? – 3 winners
Prize A: 1 Steem Basic Income share
Prize B: 150 Dark Energy Crystals (Splinterlands DEC)
Prize C: 2 PALcoin.


Winners will be chosen randomly after post payout. If you would prefer a certain prize, please specify in your response, otherwise I may decide for you 🙂


Rules:
  • ? No Upvote, No Resteem, No Follow – just your responding comment required to enter.
  • Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
  • Posted or Commented 5 or more times during the week this post is active.
  • Not be on @cheetah’s blacklist.

Thanks for having a look ?

If you liked this photo follow @kiokizz for more.

? Daily Crypto News, July, 30th?

  • Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns ;
  • Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival ;
  • Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’ ;
  • Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King ;
  • Judge Rules to Extend Bitfinex and iFinex Case in New York ;
  • ? Daily Crypto Calendar, July, 30th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns

The chief of the United States Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber Unit, Robert A. Cohen, has stepped down from his role at the commission.


According to an official announcement by the SEC, Cohen served as the first chief of the Cyber Unit since its inception in 2017.


The Cyber Unit is in charge of securities violations pertaining to cryptocurrency and digital assets, in addition to cyber-related trading violations and cybersecurity disclosures and procedures.


Regarding Cohen’s work as chief of the Cyber Unit, the Division of Enforcement’s co-director Steven Peikin said:


“The Cyber Unit has been a great success under Rob’s strategic leadership […] Soon after its creation, the Cyber Unit immediately began filing impactful cases that protect investors and demonstrate the SEC’s ability to respond nimbly to new and difficult challenges.”

? Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run.
History may repeat itself with mining reward halving due in less than 12 months.


BTC may rise back to $10,000 in the next 24 hours or so with short duration charts signaling seller exhaustion.


A UTC close above $11,120 is needed to revive the bullish view. On the downside, key support is seen at $9,049 (July 17 low).

Bitcoin witnessed a golden cross in the three days to Feb. 3, 2016 – six months ahead of the mining reward halving – following which the cryptocurrency charted its way to a record high of $20,000 by December 2017.

With another reward halving (effectively, a supply cut) due in less than 12 months, history may just repeat itself.

As of writing , BTC is changing hands at $9,500 on Bitstamp, down 31.55 percent from June’s high of $13,880. The cryptocurrency could rise to $10,000 in the next 24 hours, according to the short-duration technical charts.

? Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’

Square Crypto is focused on bitcoin, not the publicly traded company’s specific products.


That was the message Monday during a Twitter ask-me-anything (AMA) with the head of Square’s crypto team, Steve Lee.


The unit’s playful Twitter account fielded questions from its followers as well as crypto-community luminaries. With tweets signed simply “Steve,” it was Lee’s first set of public remarks on the team’s broad objectives since being hired in June.

? Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks.


They use the cryptocurrency to send large sums back to their home country, which has strict capital controls.
Previously the merchants used bitcoin for this, but when the market crashed in 2018 they switched to tether, which is designed to maintain parity with the U.S. dollar.


Despite longstanding questions about USDT’s collateral, in this market “nobody actually cares if tether is backed or not,” says one Moscow trader.

? Judge Rules to Extend Bitfinex and iFinex Case in New York

Justice Joel M. Cohen of the New York Supreme Court (NYSC) has ruled to extend the preliminary injunction in the ongoing case of crypto exchange Bitfinex and Tether’s parent company, iFinex, against the New York Attorney General (NYAG), on July 29.


Cohen reportedly decided to give a 90 day extension to the case, which apparently means that OAG can continue investigating. Lawyers of Tether tried to appeal to dismiss the motion immediately, but Cohen rejected their appeal.


Speaking before the court, iFinex also argued that the court does not have subject matter jurisdiction because Tether is not a security or commodity as there is no futures market. The companies’ defense also stressed that Tether and Bitfinex are two different companies with two different business models, and that it is not proper to treat them as a single entity as the OAG does.

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? Daily Crypto Calendar, July, 30th?

ARK reveals a “brand new project” building on ARK.

“Nathan Kaiser, Chairperson of the Cardano Foundation. Nathan will be joining Hong Kong Cardano Community meetup on July 30”

We’re able to share all the details of the nOS blockchain in our new whitepaper — releasing July 30th, 2019.

Sigma privacy protocol activates, after release date pushed back one week from July 23 to 30.

“Sign up today for the first episode scheduled for July 30th at 2 pm EST/8 pm CEST!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are still testing that support line at 0.24$ since several days now and till now, we didn’t have a real break of it, even sometimes with a correction on the BTC.


What do you think? Do you think the marketis thinking that 0.24$ is low enough for the STEEM? Do you think it is just a pause before the next correction? Your TA or opinions are welcome.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Crypto Contest July 30: Cryptaur

Cryptaur (HitBTC: CPTBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, CPT began a wave one advance in August 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2018, and the red wave two (blue sub-waves a-b-c) correction ended on July 21 this year. If this wave count is correct, CPT should be heading next towards the October 2018 peak in the red wave three.

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

Funnymentals

Cryptaur is a social marketplace powered by blockchain technology. They are going to announce something exciting soon.

(Sources: Cryptaur and Medium)

How can I vote? Where is the contest?

You can vote by following this link.

Are All Semiconductor Companies On Fire???

The Semiconductors have been on fire as of late.  Taiwan Semiconductor Manufacturing Company (TSM) is the world’s largest manufacturer of semiconductors beat analyst estimates for sales for this past quarter and signaled a rebound in the chip sector.  Memory chipmaker Micron Technology (MU) reported better-than-expected earnings and say it expects demand to recover in the second half.

But are all Semiconductors on fire.  Off the top of my head, I would say no and suggest stick to the name brand semis.  However, a fellow mate wanted me to look at three semis: NVIDIA Corporation (NVDA) and Himax Technologies, Inc. (HIMX).

NVIDIA Corporation (NVDA)

Nvidia needs no introduction, but just to remind you, not only is Nvidia the leader in gaming, but also the leader in supplying chips needed for artificial intelligence and high performance computing the data center arena and driverless vehicle market.  NVidia was once up over 300%. However, NVidia sold off with the Markets from its all-time high of $289.39 per share back in October.  Nevertheless, the stock is up over 20% YTD.

The bullish investing thesis on Nvidia (NASDAQ:NVDA), the current leader in GPUs, is pretty clear. GPUs work better than CPUs for artificial intelligence applications and as a result, the chip maker — and NVDA stock — seem well positioned in a market with what is essentially huge growth potential.

Source

If price is going to get to $200, it must get through this band of support / resistance.

Himax Technologies, Inc. (HIMX)

Himax fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, the United States, and internationally.  The company creates semiconductors for touch screen displays, microdisplays like smart glasses and VR goggles, images sensors for cameras, and more. However, its down over 60% the last several years and was down 61% in 2018.  But as some of the new technologies continue to develop, Himax products may soon be more in demand.

First and foremost, its CMOS image sensor business is a promising one. As the world looks for better ways to secure and protect arenas, airports, train stations, and more, Himax may be working on the solution.  In fact, the company is working on a machine-vision sensor product line with Emza at the moment. Essentially, machine vision gives an automated way to detect threats in these areas, and considering the market at the moment, demand for its WiseEye AIoT intelligent vision solution could see momentum. There’s also promise in the LCoS business, which is being used in Google’s AR device. While the device from Google may not generate significant revenue for a few years, the product is slated to be met with high demand and gives the company the ability to boost margins in the long run. Finally, the company’s 3D sensing arm could see strong demand as smartphone manufacturers look to include the latest and greatest technologies in their upcoming product launches.

Source

Right now price is at a major monthly support/resistance line at $3.25.  If this level doesn’t hold, the chart suggest price will head down to the monthly demand at $1.40 where is would be selling at a major discount.  Even if the $3.25 level holds, the next test would be the $5.15 level. I personally would think it would be a buy above $5.15 and a bigger buy at $1.40.

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.

Breaking out a fireplace part III – Plastering done!

This was meant to be separate posts but my progress was so slow I thought it may as well be one. Now keep in mind I have no training in plastering or rendering, all I know I learnt by trial and error.

To start off with I bought two 25 kilogram bags of river sand and five kilograms of cement. I ran out of cement in no time at all.

Moreover, the cement I bought was some ultra fast setting cement, so I had very little time to work the plaster before it would start setting. This was a pain and led to a really bad finish.

The fact that I have not plastered in years also did not help. Here you can see the results of my efforts. It does not look good at all.

I ran out of that cement pretty quickly, so asked my wife to buy more, this time a 25 kilogram bag. The hardware store unfortunately sold her refractory cement. I noticed as I was taking it out of the car, my wife did not as someone else helped her and put the bag into the car for her.

Well, the city is not exactly close, so I decided to work with what I had, if it did not work then I would have to just buy another bag. My haste stems from the fact that I am doing the bulk of the work after hours, so any delay basically sets me back a day.

As you can see in the above 2 photo’s it seemed to actually work pretty well.

It was still not great and I put that down to the sand. I managed to work through the 2 bags I had bought earlier. Again my wife went to buy the supplies for me whilst I was at work. The sand she bought from a local hardware supplier had a much finer aggregate. More sand and less pebbles.

With the new sand and the darker cement I finally managed a finish that I felt was good enough. I had enough time to work it, and still go back and integrate the multiple batches that I had applied.

Nearing the end, getting the new cement and the old to match has proven difficult as the old plaster is quite uneven and rough. I blended it as best I can.

There are still some ugly patches, these will be hidden by the stove though. If it is really bad once painted I will make an attempt at fixing it though.

A few closer pictures of the wall. What remains now is to paint and patch some tiles in the gap left by the fireplace. I will take a photo of the tiles and try get a box that at least matches the existing tiles closely.

At least the bulk of the hard work has been done. I am looking forward to slapping some paint on it, once the plaster has had a few days to dry though.

BITCOIN: What’s your bet…

Since volume keeps on diminishing and trading activity slows down due to narrowing prices I am trying to get the most positive scenario thus I am considering the possibility of being in a “Falling Wedge” Pattern:

The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. (Source)

If this pattern is triggered, the most likely result would be the continuation of the trend previous to the pattern, so UPTREND…towards 14000 USD.

But then, you have another pattern in formation, this time is the other face of the coin…

Yep, a very bearish pattern here, pointing towards 4800 USD.

In my opinion, nowadays we have a 50/50 chances on one of the both options so, very difficult to take a decision now… we have to wait for one of the two get triggered and follow the trend.

What about you?

Let’s see what is the opinion of the audience here.

I am curious to read what is your opinion about which of the two proposals are more likely to happen next. I will upvote all the comments on that regards.

Enjoy!

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Forex $1 MM Challenge (7/29/19) – Recent British Pound Trades

The pound is the major talking point as we begin the new week as the currency falls to fresh 28-month lows amid increasing chatter of a no-deal Brexit by Boris Johnson’s ‘dream team’ since the weekend.

Gove got things started by saying that the government is now operating under the assumption of a no-deal outcome and Raab kicked things into overdrive by pointing the finger to European leaders, thus turbo-charging the pound’s decline.

Source

The British Pound has been bearish since mid-March and although price is near higher time frame demand zones, in recent days I shorted two pound pairs on pull backs. Because price is near higher time frame demand levels, my targets are what I consider pretty tight.

Forex $1 MM Challenge – Trade #18 (7-25-19) Sold GBP/CHF

Monthly Chart (Curve Time Frame) – monthly supply is at 1.47000 and monthly demand is at 1.22000.

Daily Chart (Entry Time Frame) – although price is in higher time frame demand, the chart suggests price can move lower and to short price at the daily demand at 1.23900.

NOW

Forex $1 MM Challenge – Trade #18 (7-19-19) Sold GBP/CAD

Monthly Chart (Curve Time Frame) – monthly supply is at 1.90000 and monthly demand is at 1.58000.

Daily Chart (Entry Time Frame) – the chart suggests to short price at the daily supply at 1.64000.

NOW

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.

BNB technical analysis

BNB seen from the temporality of 1W we can observe a bearish structure, the price after finding resistance at 0.0043046 has ended up making three bearish candles to finally find demand zone at 0.0027506, the consolidation in that support has not been defined towards which direction will be the break, we see that bears are preventing the candles close above 0.0029989, if we continue like this, the price could break the consolidation down and continue with the downward structure, the main demand zone I have located at 0.0012657, where the price at that point should have a very large bullish momentum.

BNB seen from the temporality of 1D we can observe more closely as the price is creating a reversal setup trend, the pattern is not yet confirmed, the candles could do a throwback to the blue horinzontal that I have drawn in 0.0027506, if you can test it as a support and we see a next bullish candle we could have a rebound to the resistance located at 0.0034230, otherwise, the price could fall below the horizontal and test it as resistance and continue to fall.

In conclusion, the major structure is bearish, the price of BNB should continue to fall until reaching the support located at 0.0012657, we could have a rebound in 1D, however, while the price does not take as support 0.0034230 and continue to rise, the price will see it falling further. Keep in mind that the price of BTC is with the same structure and should continue to lower affecting the alts market in general, the volume of the alts with their pairs in BTC is still very low in most currencies, so I recommend to be very attentive to the movement of candles in 1D and observe the action of the BTC price.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Bulls Trying to Hang On

Price is once again consolidating on top of the $9,400 support after a quick drop to $9,100. The larger ascending support line seems to have turned into resistance.

Screen Shot 2019-07-29 at 9.55.13 AM.png

In today’s video we’ll discuss where price may be heading next, 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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