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Tag: investing

Are You Ready For 5G???

April 16, 2019 Published by

The Trump administration and government regulators unveiled a major push Friday afternoon at the White House to accelerate the rollout of the high-speed, next-generation mobile data technology known as 5G.

5G ((short for 5th Generation) is the next generation of mobile communication. 5G brings three new aspects to the table: greater speed (to move more data), lower latency (to be more responsive), and the ability to connect a lot more devices at once (for sensors and smart devices). 5G will be a whole new kind of network, enabling new experiences that will change how we live, work, and play.

Wireless companies are

Forex $1 MM Challenge – Trade #11 (4-15-19) Sold AUD/CAD

April 16, 2019 Published by

A surge in oil prices this year has helped make the Canadian dollar one of this year’s best performing major currencies. However, the Canadian Dollar weakened Monday after the latest business outlook survey from the Bank of Canada (BoC) showed weaker inflationary pressures in the first-quarter and slower growth in the months ahead suggesting the BoC at a minimum will leave interest rates on hold for the rest of the year.

On the news, the Canadian dollar fell…right into supply on the AUD/CAD.  Lets go to the chart to see the trade set-up I took.

Monthly Chart (Curve Time Frame) – monthly

Can I Get A $LYFT ?

April 16, 2019 Published by

Talk about a complete shitshow of an IPO. LYFT went public a little over 2 weeks ago. After pricing at $72 by the crooked bankers, LYFT opens the market at a price above 85. Thank the big bankers for that. You can see what has transpired over the next ten trading days from this pump above the price.

A plummet. That’s right, straight down. LYFT is puking and is already down 24% from its IPO price and 35% from its opening price. That means if you got fed the bullshit by the big banks and bought the day LYFT went

The Oil Chart Suggests Goldman Sachs Might Be Right

April 15, 2019 Published by

“We don’t think you’re going to get back to those $80 levels again, so you’ve got some modest upside here,” Goldman Sachs’ head of commodities research, Jeff Currie, told CNBC this week. “While the macro risk-on environment and the threat of disruptions may drive spot prices even higher, we still expect that prices will decline gradually from this summer as shale and OPEC production increases,” they concluded. “With large spare capacity in OPEC and the Permian basin and a wave of long-cycle projects still expected to come online in 2020, we maintain our $60/bbl forecast for next year.” Goldman

Will The Good Times Keep Rolling For JPMorgan Chase???

April 15, 2019 Published by

If the S&P 500 is the
bellweather for the equity markets, JPMorgan Chase (JPM) is the bellweather for
the bank sector. JPMorgan Chase reported earnings on Friday and blew the results
out of the box. JPM earned $2.65 a share for the quarter versus expectations of
$2.35 a share. And revenue of $29.9 billion came in $1.5 billion ahead of
expectations.

The results were
supported by record revenue and net income. Investors have been concerned that
net interest margins would deteriorate since the US Feds said they would leave
interest rates along, but net interest income grew by 8% year over year.

Consumer and business
banking revenue climbed 15%

Forex Relative Strength Analysis Report For 4/14/19

April 15, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar.  Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are

The V Shape Rally is Real

April 14, 2019 Published by

I will be the first one to be honest about kissing the beginning parts of this rally back to all time highs (pending). I nailed the breakdown in Q4 2018. I nailed the low on Christmas Eve. I did not hit the Rip back to highs. Once the 200 day was taken back without a single down week, the Bears has fumbled and the bulls were in full control.

New highs are practically inevitable at this point. This V was a massive velocity move that was faster than the down move. I am expecting new highs this week in fact.

Forex Price Action Baby, No Technicals or Fundamentals…Trade N/A – Passed On Selling EUR/CAD (4/14/19)

April 14, 2019 Published by

10,000 Ft View – 4 Hr Chart

Here’s why I decided to pass on this trade set-up:

I don’t like all this trading in this range, a sign of equilibrium between sellers and buyers.

The origin of the move down (yellow) couldn’t take out the previous lows (purple).

As of result of price action not taking out the previous lows, the Reward to Risk was only 2:1. I’m looking for a minimum Reward to Risk of 3:1, but ideally a minimum of 5:1.

However, the trade is working out at the moment, if price gets pass the immediate demand (red rectangle), the

My TIMM Trading Pit Commentary – Wk Of 4/15/19

April 14, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

Which means the Euro can move higher.

Which means the US dollar can move lower.

Which means that the S&P 500 can move higher.

Bonds continue to break down from monthly and weekly supply above.

Gold

Short Sellers Are Out To Get Lyft – Part 2

April 14, 2019 Published by

I last wrote about Lyft one week ago,

Short Sellers Are Out To Get Lyft

Wednesday was the first settlement day for Lyft shares and hedge funds were salivating at the opportunity to short the stock. Short sellers shorted over 6 million shares which represented about 20% of the available shares outstanding.

At the time, price was at $72.

NOTE: that line at $42 is there because Michael Ward of Seaport Global Securities thinks Lyft’s current valuation bakes in “overly optimistic” assumptions about the transformational nature of ride hailing and thinks price is headed to $42.

Price now stands at $59.

There was a

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