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Is Dr. Copper About To Breakout??? – Part 3

April 18, 2019 Published by

Yesterday China officials reported that their economy grew slightly faster than expected in the three months to March.  The economy expanded at 6.4% in the first quarter from a year earlier vs. the forecast of 6.3%.  In additional, factory output jumped 8.5% in March.

China is taking a “by any means necessary” approach to boost its slowing economy, but don’t call this a comeback yet. I mean it was only one quarter, for that matter the whole world has been on fire to start the year.  Nevertheless, the news was enough to send the copper prices to a 10 month high

Bitcoin and EOS Analysis: Quick Update

April 17, 2019 Published by

Bitcoin continues to trade within a tightening range. Volume is steady.

EOS is consolidating right below major resistance. Price is being squeezed with a series of lower highs and higher lows.

In today’s analysis I discuss where prices may be heading next, traps to avoid, how I’m trading and much more. I hope you find it helpful. Please forgive my voice…I’m still fighting a terrible cold that’s kicking my ass.

Video Analysis:

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

I hope this has been helpful. I’d be happy to answer any questions in the comment

Are You Ready For 5G??? – Part 2

April 17, 2019 Published by

Yesterday, the U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form.  A biggest issue being that if approved it would reduce the number of national wireless carriers available to consumers from four to three.  The thought is if there is less competition, consumers are susceptible to higher prices, in this case higher cell phone bills. 

However, T-Mobile position is the combined company would build be better and faster at building 5G in order to compete with AT&T and Verizon.  In additional, T-Mobile and Sprint have the support

UnitedHealth Care Is On The Dog List

April 17, 2019 Published by

One of the major themes going into the 2020 presidential, at least by the Democrats will be the “Medicare for All” proposals. For example, Senator Bernie Sanders of Vermont is calling for government-run health care as a way of covering more people.  He’s even signaling out companies like UnitedHealth.

And last week, Sanders specifically called out UnitedHealth, saying in an April 12 tweet “your greed is going to end.”

UnitedHealth is one of the largest health-insurance providers services roughly 50 million people with revenue of $226.2 billion last year. It also operates physician practices, sells consulting and data services, and administers drug

And there you have it folks… $QQQ All Time Highs

April 17, 2019 Published by

I said it was likely happening this week, and we are Wednesday. The Nasdaq has now hit an intraday all time high. Expect a chop from now until the end of summer. The IWM is not participating as much but I feel the SPX and NDX are up enough that the big boy bids put in for vacation will hold the market up for the next few months.

Once the 200 day MA was taken back my view shifted in real time and this was confirmed with the pullback and hold within days after the overtaking of the 200 MA.

Buy Low, Sell High – or just Buy High

April 17, 2019 Published by

“Buy Low, Sell High” is the most simple and most fundamental rule of trading.

It’s amazing how much FOMO and FUD can affect that simple rule, too often people do the exact opposite: chasing the train after it’s left the station or panic selling a price drop near the bottom. But I’m not here to speak about trader psychology today, I’m here to speak to you about another not-quite-as-simple trading strategy: Buying High.

Obviously Buying High and Selling Low is a bad idea, that much anybody can tell you. But what about just Buying High and not selling? I believe that there are

Marathon Oil Corp. Gets Upgraded

April 17, 2019 Published by

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas.

Marathon Oil (NYSE: MRO) is among the leaders in the Eagle Ford Shale. The company pumped 107,000 BOE per day from the region during the fourth quarter of 2018. Marathon’s focus in recent years has been on improving its drilling efficiency. That was on full display last year as its oil output in the Eagle Ford rose 7% even though it bought

Netflix Announced Earnings…It’s All About The Subs

April 17, 2019 Published by

Netflix reported quarterly earnings today.  Net income rose to $344.1 million, or 76 cents per share, in the first quarter, from $290.1 million, or 64 cents per share, a year earlier.  Total revenue rose to $4.52 billion from $3.70 billion. Analysts on average had expected revenue of $4.50 billion.

But those aren’t the important numbers because Wall Street views Netflix as a growth story, so it’s all about the subscriptions.  In the reported quarter, Netflix added 7.86 million paid subscribers internationally vs. analyst estimate of 7.14 million, according to IBES data from Definitive and 1.74 million paid subscribers in the

Technology Select Sector SPDR Fund (XLK) Is At All-Time Highs

April 16, 2019 Published by

The ETF, SPY represents the bellweather, the S&P 500 Index, which is a diversified large cap U.S. index that holds companies across all eleven sectors.  One sector represented with a significant weighting is information technology.

Source

The Index seeks to provide an effective representation of the technology and telecom sector of the S&P 500 Index with exposure to technology hardware, storage, communications equipment, semiconductors, etc.

So when I heard the XLK was at all-time highs,

and the NASDAQ wasn’t,

I was intrigued.  However, it all made sense after looking at the top 10 holdings of the XLK.

Source

We live in a cashless society, so I wasn’t

Bitcoin Technical Analysis: Waiting to Move

April 16, 2019 Published by

Bitcoin continues to consolidate just above $5,000. Volume has been cut in half from recent highs, but remains relatively strong when compared to January and February. The market is taking a breath as traders await the next major move.

In today’s analysis I discuss where price may be heading next, key areas to watch, where I’ve placed my buy orders 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/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the

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