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Currency Analysis Report 5/4/19 – Does The US Dollar Have More Upside???

May 4, 2019 Published by

This morning brought the release of April Non-Farm Payroll numbers out of the US, and while the headline number was fairly strong, the internals were questionable. The US economy added +263k jobs in the month of April, blowing by the expectation for +190k to have been added. Also in the positive column was the unemployment rate, which sunk to a fresh 50-year low, printing at 3.6% versus the expectation of 3.8%. But – the question marks around inflation in the US economy remain as Average Hourly Earnings missed expectations, coming in at an annualized 3.2% versus the expectation for 3.3%;

$TWTR Closes on Weekly Highs

May 4, 2019 Published by

It doesn’t get much more bullish than this folks. I have been a believer in twitter for over 9 years and have accumulated over 18.7k tweets. The setup was finally there before earnings and the chips were on the table Now we let it ride. 45 is the first stop and then all time highs. Once twitter introduces crypto somehow to the platform this thing goes parabolic during the next crypto bull run IMO.

Universal Display Corp Ignores The Downgrade

May 4, 2019 Published by

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications.

OLED uses an organic substance that glows when an electric current is introduced. The material reduces the thickness and weight of the devices, creating an ultra-thin, sleek form and superior color reproduction.

On Monday OLED was downgraded by Susquehanna Financial Group’s analyst Mehdi Hosseini. Hosseini argued that “the best case (cash) earnings scenario (of high single digit $/share) is now dialed into the share price” following the big run-up.” 

Bitcoin Technical Analysis: My Long Rant

May 4, 2019 Published by

In my last update, price was sitting just below the $5,350 resistance. I discussed the possibility of a short squeeze, saying should that happen, $5,800 is the likely target. Today we did see an attempt to liquidate shorts as price pushed above the $5,350 and $5,600 resistance, hitting the $5,800 target almost to the dollar.

Even with a $450 rise, shorts remain stacked and stubborn. This leads me to believe we may test $6,000 (and possibly wick above it) to try and liquidate short positions before seeing a larger correction. Daily volume is approaching $20 billion.

Todays analysis is a bit longer

Currency Analysis Report 5-3-19…Is Brexit Back On???

May 4, 2019 Published by

Pound Sterling is the week’s best performing currency with a poor performance by Labour and the Conservatives in local elections likely to spur the two sides towards agreeing a Brexit deal as they seek to lance the boil that is Brexit.

Out of no where, the
British Pound rocketed llate on Friday afternoon following comments from Labour
leader Jeremy Corbyn that a deal on leaving the EU must be decided by the UK
parliament soon.  Jeremy went on to say lawmakers
had to find a way to get a deal done to leave the EU.

If local parities, the Labour
and the Conservatives could agree on a

Did H&R Block Just Do A No-No???

May 3, 2019 Published by

Long story short, about two months ago, my mom, feel off the bed, reaching for the phone, suffered and contusion in her elbow and my mother missed the AARP deadline to get her taxes done for free because sister forgot to take my mother to her.

I use to do my own taxes, so I told my mother I would do them for her. During my research I came across website on the IRS website that one can use to file their taxes for free if they meet certain criteria.

I also looked at H&R Block who offered a similar

The Cruise Liners Are My Consumer Price Index

May 3, 2019 Published by

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

Shares of Royal Caribbean Cruises closed the day on Wednesday almost 7% toward a seven month high after reporting first-quarter earnings that beat expectation.  Net income rose to $249.7 million, or $1.19 a share, from $218.7 million, or

Crude Oil Analysis Report 5-3-19…Is More Downside Ahead???

May 3, 2019 Published by

Oil prices fell as much as 4% on Thursday, breaking through a key support level, as rising U.S. crude stockpiles helped offset concerns about a supply crunch.Crude futures declined despite a wave of geopolitical concerns, including political turmoil in Venezuela and the launch of new American measures aimed at driving Iran’s crude exports to zero.The drop was partly due to the overhang from Wednesday’s weekly report on U.S. crude stockpiles, which showed inventories surging by 9.9 million barrels. The data also showed U.S. oil production ticking up to a record 12.3 million barrels per day.U.S. crude stockpiles have risen in

FX Empire Is Spot On With Their AUD/USD Analysis – Part 2

May 3, 2019 Published by

Nine days ago, I talked about AUD/USD and how I thought FX Empire did a really good job analyzing AUD/USD.

FX Empire Is Spot On With Their AUD/USD Analysis

The main trend is up according to the daily swing chart. A trade through .7206 will signal a resumption of the uptrend. The main trend will change to down on a move through .7052.

The main trend will change to down on a move through .7052. An easy way to define an downtrend is price breaking to swing lows. Although I would say price would have to break the swing low at 0.7000.

Since that

Analysts Are All Over The Place With AMD

May 2, 2019 Published by

Advanced Micro Devices reported their quarterly earnings Tues. afternoon.  Their earnings and revenue beat estimates.  They also said their revenue for the second quarter will be in-line with expectations and maintained their full-year earnings guidance thanks you the expected launch of their new 7-nanometer Ryzen, Radeon and EPYC processors in the coming months.

So the news seemed positive, no need to be cautious right, so why are analyst all over the place with their targets?  Is it because Intel reported their first annual profit decline since 2015 and said their full-year guidance that was below Wall Street expectations last week.

Morgan Stanley

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