Crocs Are Back

Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

Over 15 years ago, the ugly looking shoes were the IT and took the world by storm.  Crocs invented by three friends vacationing in the Florida Keys when one friend was wearing a slip-resistant clog made of closed-cell resin.  

They sold their first pair of Crocs at the Fort Lauderdale Boat Show in late 2002 and by 2007 the company

Party Like It’s 1964 – Part 5

This series has been fun, maybe because it’s a party and there is a bit of rum punch left in the bowl.  Lets recap a little bit before we discuss today’s post.

Three months ago I wrote,

Party Like It’s 1964

The Dow Jones Industrial Average DJIA rose 181 points on Friday, making it the ninth straight weekly gain for the Dow and the first time since 1964 that the DOW rose in the first 8 weeks of a calendar year.This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on

Facebook’s Coin Will Be Great For Steem

The rumors concerning Facebook’s reported development of its cryptocurrency are back, along with financial details. Per a Wall Street Journal report, the social media giant Facebook is now in talks with partners, as it seeks to seal investments for the rumored digital asset.

A report by the New York Times, which cited anonymous sources close to the company, claimed that Facebook had advanced its development plans for the “FB Coin” and was now speaking with major cryptocurrency exchange platforms about listing the stablecoin.It’s also worth noting that the aforementioned David Marcus, Facebook’s Head of Blockchain Research, used to be a board

Bitcoin Cuts Through Resistance Like Butter

I’ve been out of town since Thursday for a family event. Of course bitcoin takes off as I’m away from my computer, unable to trade. Murphys law…You can all thank me later. 

In my prior analysis., I’ve discussed a potential short squeeze numerous times. Admittedly, I did not expect price to break above $6,500 without hitting major resistance. In the past 5 days, we’ve seen a parabolic move to liquidate shorts that’s brought price as high as $7,900. Daily volume hit an all time high (on May 11th) of just above $28.8 billion. Today’s volume is just above $26.5 billion. Clearly

Will Mike Novogratz Be Right This Time???

Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Novogratz made his remarks during an interview with mainstream media CNN published on May 9.

During the interview, Novogratz also said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. Moreover, he expressed the belief that this time, other cryptocurrencies “aren’t going to go up nearly as quickly.

Novogratz then stated that there are other elements, such as copper, that we value because we use them. According to Novogratz, just like copper, altcoins need to prove their use case in

Bitcoin Squeeze!

I am watching Bitcoin make another move back to highs after pulling back on the 1 hour time frame. Crypto is now fully back into play and will be daily. Money is flowing back into bitcoin which means that once the money is in bitcoin it will likely be flowing into other Alts as bitcoin slows or pulls back. We have taken back MAJOR resistance levels here and want to see some grind sideways and buyers hold some levels.

This is great news and the accumulation for the past 6-8 months is pay off BIGLY! Let’s Ride!

Short The Pull Back On The DAX

The EU has cut growth forecasts for Germany for the second time this year, as trade tensions and a Chinese slowdown weigh on the traditional economic powerhouse of the region.Germany is only expected to grow at a rate of 0.5% this year, according to the latest economic forecasts by the European Commission. It will be the second-worst economy across the EU in terms of growth, with only Italy looking more downbeat. It comes after the institution lowered Germany’s growth expectations from 1.8% to 1.1% in February.The German economy, driven by manufacturing and exports, has been impacted by stalling growth in

World Stock Market Relative Strength Analysis Report For Week Starting 5/12/19

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets

Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

Cryptocurrency Relative Strength Analysis Report For Week Starting 5/12/19

When you think about Cryptocurrencies,
one name immediately comes to mind, Bitcoin. 
Since the creation of Bitcoin, there has only ever been one
cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow.  And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin.  Thus, it’s very easy to determine