Will The Russell 2000 Finally Join The Party???

On Tuesday the Fed Powell
will discuss US monetary policy and on Weds will announce whether he is keeping
interest rates on hold or dropping them.  In July Fed Powell lowered interest rates for
the first time in a decade.  Wall Street
is expecting the same on Weds, pricing in an 86% chance of a quarter-basis
point cut.

If the US equity markets are going to continue their climb higher, the Russell 2000 must fall inline.  The Russell 2000 index represents the largest 2000 small cap public companies in the US.  But in recent months the Russell 2000 have been stubborn to rise with the DOW, NASDAQ and S&P 500 as indicated by the green line.

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Usually towards the end of the business cycle, rising interest rates hurt smaller companies the most because they have a higher debt to earnings ratio and lower free cash flow relative to much larger companies.  Also, smaller companies are more volatile and tend to react and respond to changes in economic conditions and changes in investor sentiment first. However, if rates are going to continue to get cut, that should help the Russell 2000 to finally join the party. And based on the Russell 2000 outpacing its friends last week, I think it things a rate cut is already “money in the bag.”

Source

The iShares Russell 2000 ETF, which tracks the Russell 2000 Index of stocks with smaller market capitalizations, saw its largest weekly inflows in nearly a year during the week that ended September 6. Those inflows totaled $1.5 billion and followed a $340 million inflow during the final days of August. Since bottoming out on August 27, the iShares ETF has rallied nearly 9% compared to the S&P 500’s gain of 5% over the same period.

There is the possibility that the resurgence could be longer lasting if the Federal Reserve’s interest rate cut at the end of July is more than just a one-off and marks the beginning of a rate-cutting cycle.

Judging by history, further rate cuts would be supportive of small-cap equities. During the first year following the start of a Fed rate-cut cycle, small caps have risen on average 28% compared with just 15% for large caps, according to investment banking firm Jeffries, per the FT.

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Thus the chart suggests the two levels to monitor above price are the daily supply at $1630 and $1665.

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.

Crude Oil Analysis Report 9-15-19…Oil Will Gap Higher Sunday Evening

Fracking and horizontal drilling technology (which has created access to the once inaccessible shales of oil and gas) in the last 10 years has made the US a major player in the world of oil production.

fracking graphic

Source Image 

The technology has bee so beneficial to the US, that in 2018, the US become the number one producer of oil in the world.   However, I can’t leave Saudi Arabia out of this conversation.  They are the number two producer of oil in the world at 12.4 millions barrels/day.  As you know, the price of oil is probably one of the clearest examples of supply and demand. So say the oil rig count goes up in the US or Saudia Arabia increases oil production, the price of oil is surely to go down.  However, if the oil rig count goes down or if the oil pipelines are sabotaged, supply will take a hit and oil prices will rise. This past Sat, drones attacked Saudia Arabia oil pipelines.

Drone strikes on key Saudi Arabian oil facilities, among the world’s largest and most important energy production centers, have disrupted about half of the kingdom’s oil capacity, or 5% of the daily global oil supply.

Yemen’s Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.

In a statement on Sunday, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said that 5.7 million barrels a day of crude oil and gas production have been affected. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.

Source

So at the open on the crude oil futures Sunday at 6 pm eastern, I expect price to gap up,

but I have no idea if price will fill the gap that day because price is still within a $5 range going back to the beginning of August.

Thus the chart suggests to play the extremes, until they are broken, but always keep in mind of the bigger picture.

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.

What an Excellent Performance from Chelsea!

It’s the start of a new week and I am very grateful to God Almighty for all he’s done.

Image Source

Yesterday was Chelsea’s game against Wolverhampton. Who would have ever thought Chelsea could win that game with a margin of three goals. It was unbelievable especially with the injury crisis within the Chelsea football club team.

It was a victory well deserved for the blues. They played really well. Their attacker was well proficient in front of goal and that gave them the edge to score as many as five goals in a single match against a side that haven’t lost a match at home for over eight months now. I think it is a good thing that the Chelsea manager decided to switch his formation from 4-2-3-1 to 3-4-3. However, I think Frank Lampard still need to work a lot on the defense side to avoid conceding too much goals.

I think the compactness of a playing as a team is better than other previous matches but believe they can do better with that. I think if the team can learn to be compact while playing, then that would really go a long way to help solve the issue of conceding too much goals. In general, the game a was an interesting one and the Chelsea team performed excellently and it was a victory well deserved for them.

🗞 Daily Crypto News, September, 15th💰

  • Bitcoin Hovers Over $10,300 as Top Altcoins See Mixed Movements ;
  • eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language ;
  • Coinbase Pro to Add Support for DASH Trading ;
  • US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror ;
  • Cybercriminals Selling Hacked Fiat Money for Bitcoin at 10% of Its Value ;
  • 📑 Daily Crypto Calendar, September, 15th💰
  • STEEM Trading Update

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

🗞 Bitcoin Hovers Over $10,300 as Top Altcoins See Mixed Movements

Saturday, Sept. 14 — The top 20 cryptocurrencies are reporting mixed movements on the day while Bitcoin’s (BTC) price hovers over the $10,300 mark by press time.

Market visualization courtesy of Coin360

The price of Bitcoin is currently up by 0.13% on the day, trading at around $10,313 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.46%.

Bitcoin 7-day price chart

🗞 eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro, an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.


Speaking ahead of the Ethereal Summit Tel Aviv 2019, on Sunday, chief blockchain specialist Omri Ross said the language, dubbed Lira, will reduce the risks involved in settling financial contracts and enable the creation of new derivative products from assets on the ethereum blockchain.


A demo trading platform, built by eToroX Labs, was also revealed to enable retail and institutional investors to begin trading derivatives. The platform uses Lira to test a full range of contract experimentation. The language opens up the possibility to set varying time limits on trades, trustlessly swap different cryptocurrencies and write complex settlement terms.

🗞 Coinbase Pro to Add Support for DASH Trading

United States-based major cryptocurrency exchange Coinbase announced that its professional trading platform Coinbase Pro will launch support for DASH token next week.


According to a Medium post published by Coinbase on Sept. 12, Coinbase Pro will start accepting DASH deposits starting Monday “for at least 12 hours prior to enabling full trading.” The launch of DASH trading, on the other hand, is planned for 9 AM Pacific Standard Time on Sept. 17. The company also noted:


“Once sufficient supply of DASH is established on the platform, trading on the DASH/USD, and DASH/BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met.”

🗞 US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror

United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism.
According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her remarks during the 19th annual international conference on counterterrorism.


Cash is still predominant


While Mandelker admitted that most terrorist organizations still rely on various traditional means of financing such as cash, she also said that she believes crypto could become “the next frontier”:

“Terrorist organizations and their supporters and sympathizers are constantly looking for new ways to raise and transfer funds without detection or tracking by law enforcement.  While most terrorist groups still primarily rely on the traditional financial system and cash to transfer funds, without the appropriate strong safeguards cryptocurrencies could become the next frontier.”

🗞 Cybercriminals Selling Hacked Fiat Money for Bitcoin at 10% of Its Value

There’s now an underground service catering to criminals that lack the skills or nerve to hack into online accounts to steal funds.


According to a September report from security-as-a-service firm Armor, hackers on dark markets are now selling fiat cash for fractions of its worth to avoid the risk of dealing with the money themselves.


Armor’s Threat Resistance Unit (TRU) research team said in the report:


“There are plenty of hackers willing to simply transfer stolen funds to the bank account or PayPal account of your choice or send you the funds via Western Union.”

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📑 Daily Crypto Calendar, September, 15th💰

The Crypto School win burn 6000TCS.

A pool of 5000 TCS was reserved to be shared with 1000 TCS token holders to start the bi-weekly airdrop.

Publishing a lighter brochure read of the whitepaper.

New Game Release: POKER

“Come join NANO founder Colin LeMahieu in Austin TX for a ‘Beers and Chat’ informal Nano meetup.”

“#Aeternity Universe One #Haeckathon starts on Saturday and guess who will be mentoring the participants?”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

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Today, we had a new bounce from the low around 0.154$. This is validating again this support line and showing that sellers have difficulties to go under this support. It could finish to give a nice opportunity for the buyers to start a nice move on the STEEM. Let’s stay positive and enjoy every little bounce on the STEEM.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

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The Sunday Crypto Recap – Down the Rabbit Hole 46

A ridiculous number of high-quality articles have crossed my path this week. I’ve included just a few. The opportunity to be challenged and engaged while exploring the mad, bad and sometimes sad world of crypto is not to be underestimated, it is truly a learner’s paradise – just keep that open mind and delve on!


Pick of the Week

If you explore only one thing – let it be Nic Carter’ treatise on BTC as a vehicle of peaceful revolution.


Twitter

World currencies in a race to devalue means…:
https://twitter.com/Travis_Kling/status/1172221635958648838

How ‘to Bitcoin’:
https://twitter.com/melikmanukyan/status/1168969406501793792

Where to start your crypto journey (highly recommended):
https://twitter.com/TheCryptoLark/status/1168808222527873025

Adding some context to Van Eck’s moves of offer a BTC product:
https://twitter.com/krugermacro/status/1168909634381471747

Look, see, understand:
https://twitter.com/JoshuaGEdwards/status/1168799874671923200

There’s a pattern here:
https://twitter.com/meshikharv/status/1168848992433606658

A contrarian perspective on trading but a considered one:
https://twitter.com/hodloncomrades/status/1172745092848701440

On passion (not that kind):
https://twitter.com/katherineykwu/status/1171972627113680896

A quick primer on global gold reserves:
https://twitter.com/theworldindex/status/1168725510651858946


Articles

Nic Carter explaining the Bitcoin revolution (highly recommended):
https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e

A perspective on the long-term growth cycle of BTC:
https://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

An in-depth analysis of recent BTC price action and likely trade scenarios (highly recommended):
https://trybe.one/buying-btc-for-investors-current-market

High-value post on investing in the crypto space (highly recommended):
https://medium.com/swlh/cryptocurrency-investing-101-common-pitfalls-to-avoid-hopefreiheit-com-bc58829d3ef3

Token supply approaches examined (highly recommended)
https://medium.com/messaricrypto/crypto-monetary-policies-bef1779e1422

A collection of proposals/ideas on how to approach ‘fixing’ EOS governance (highly recommended):
https://www.eosgo.io/blog/ideas-that-might-fix-eos-governance/

Even some bankers decry current monetary policy:
https://www.bloomberg.com/news/articles/2019-09-04/deutsche-bank-warns-of-grave-side-effects-from-more-ecb-cuts


Podcast

Another informative discussion of BTC past, present, and future with a heavy hitter in the Bitcoin space (recommended):

https://podcasts.apple.com/au/podcast/michael-goldstein-president-satoshi-nakamoto-institute/id1434060078?i=1000448789132


YouTube

Examining the question of individual BTC address safety:


Straightforward explanation of how Bitcoin functions with a simple primer on fiat:


What’s up with NEO – lots to dig into here in this interview with NEO’s head of global development (recommended – if only as an update):


EOS clearly has some governance issues (recommended):


This short-term call on gold is well worth considering (though has the ECB reset sentiment and boosted gold?):


Infographics

If only there was a pattern here…

https://twitter.com/Xentagz/status/1169155098716581889/photo/1


Interesting comparison of Bitcoin Cash v Lightning Network over the last year:

https://messari.io/c/research/messari-research-comparing-bitcoin-cash-and-bitcoin-s-lightning-network


Website / Utility

One of the first websites to bring together BTC resources. Very sparse landing page but a deep reservoir of material here spanning BTC’s entire operational life (highly recommended):

https://nakamotoinstitute.org/


This real-time representation of Bitcoin Cash v Bitcoin is supposed to show the transaction superiority of Bitcoin Cash but perhaps shows something else – you decide (BTC is the bottom lane).

https://txhighway.com/


A whale of a week in terms of learning opportunities. As always, looking forward to reading 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.