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Tag: investing

Speculators Are Betting Against The Euro

April 11, 2019 Published by

Speculators are betting heavily on a fall in the euro amid woeful economic data from Germany, its powerhouse nation.Hedge funds and other trading firms are short-selling £10.7 billion of euros, according to research by Goldman Sachs – meaning they make money if the value of the currency falls.The sum is £2 billion more than a week ago, suggesting investors are increasingly gloomy about the future prospects of the monetary union.

Source

Things will get worse for the Euro if Donald Trump moves forward with US tariffs on $11 billion of goods from the EU to due subsidies for Airbus, the European aerospace

A Great Way To Play Oil Higher Is Through The ETF, XOP – Part 2

April 10, 2019 Published by

Two weeks ago, I discussed a great way to play the rise in oil was through the ETF, XOP:

A Great Way To Play Oil Higher Is Through The ETF, XOP

Oil prices (WTI) hit $60 on last week and is now up 30% year-to-day. One week ago, OPEC canceled their planned meeting in April, effectively extending supply cuts that have been in place since January until at least June. Prices have been further supported by U.S. sanctions against oil exports from Iran and Venezuela.One way to get involved with oil is through the SPDR S&P Oil & Gas Exploration & Production

Bitcoin – 10 April

April 10, 2019 Published by

Since my BTC post of 6 April “BTC – movements and signals – 06 April“, I’ve fleshed out my theory of BTC price movement in the months to come. Since I seem to be sharing that information sporadically in the comments sections of various platforms, I’d rather combine it all into one coherent post and share it with everybody. 

In “BTC – movements and signals – 06 April” I gave two main future scenarios, specifically:

Drop back to the low $4000s – 50% probability;Rise to just over $6000 – 40% probability.

I won’t say that I now consider those to be wrong, in fact the

Party Like It’s 1964 – Part 4

April 10, 2019 Published by

It’s been almost three weeks since I last spoke about the DOW.  In

Party Like It’s 1964 – Part 3

I talked about the Fed Powell leaving interest rates unchanged and for the first time since 2007, the three month bill vs. the 10 year note inverted.  I talked about the thought of the fundamentals finally catching up with the technicals and how the daily demand at 24900 was still in play, despite the potential triple top.  In this case, the triple top was being supported by the daily supply at 26550 which was within a monthly supply, so the chart suggested

Forex $1 MM Challenge – Trade #9 (4-9-19) Bought GBP/AUD

April 10, 2019 Published by

British Pound and the Australian Dollar have been two of the best-performing currencies in 2019. 

Along with commodities, the Aussie is trying to stage a come back after declining 8% in 2018.  A US-China trade deal will surely send the Aussie higher, but if no deal is reached, be sure the Aussie will go lower.  

There is discussion that European Council President Donald Tusk will this week propose to European leaders they offer the UK a 12-month “flexible” Brexit delay.  If the proposal is granted, a “no deal” Brexit is back off the table and the British Pound should rise.

These

Gold…The “Trade Of The Century” – Part 2

April 9, 2019 Published by

About three weeks ago, I wrote about gold, specifically, the SPDR Gold Trust, GLD, where I referenced one of last year’s best-performing hedge funds was saying to buy gold as the “trade of the century.”

Gold…The “Trade Of The Century”

But I cautioned to wait because the chart was suggesting to wait until price broke the monthly supply first…and with good reasons based on an article I came across today.

A week ago investors were yanking money out of gold exchange-traded funds as hints of improving global growth and surging stocks lure them into riskier assets. The largest fund in the space, the

My Top 10 Holds

April 9, 2019 Published by

This post is to show you which coins I hold the largest percentages of. It will give you an idea of how I have positioned the majority of my crypto funds for the anticipated bull run (which may still be a few months off). I’m writing it because in yesterday’s Shopping Cart post I askedif anyone would like me to share this information, and an overwhelming 100% of respondents answered that they would. My thanks to Luke Phoenix who is the 100% of respondents 

Obviously this data is dynamic: I can’t control the rise and fall of one coin’s price against one another. This post is

Unusual Options Activity In Signet Jewelers

April 9, 2019 Published by

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. They are the ones that operates stores in malls and off-mall locations primarily under the Kay Jewelers, Jared The Galleria Of Jewelry, Zales Jewelers and Gordon’s Jewelers.

Last week, Signet reported their fourth-quarter earnings report. Signet reported Signet  a net loss of $116.2 million, or $2.25 a share, from a profit of $343.0, or $5.24 a share, in the same period a year ago.  Total sales declined 6% to $2.15 billion, while the 2.0% decline in same-store sales missed expectations of a 1.9% decline.

The results were

Roku Rocking Again – Part III

April 9, 2019 Published by

I last talked about Roku about one month ago.

Roku Rocking Again – Part II

While the S&P 500 had a great start to the year, Roku’s share price rose 47% in January and then rose 48% in February.  However, Tom Forte at DA Davidson though there was more room to the upside and at that time, he raised his price target on the stock to $80, calling Roku’s nascent streaming service a driver of future growth.

Nevertheless, the chart suggested to buy Roku if and when price pulled back to the daily demand level at $50.

Yesterday Roku was downgraded by Citi Research’s

Forex Price Action Baby, No Technicals or Fundamentals…Trade #10 – Sold NZD/SGD (4/8/19)

April 9, 2019 Published by

10,000 Ft View – 4 Hr Chart

What I like about this big picture price action is the following:

Lets zoom for a closer look at the trade set-up.

What I like is that you had all these filled orders in white, which shows balance, late last week, the chart is suggesting the sellers are now taking control as indicated by the breakdown below the pink rectangle.

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.

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