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Apple Upgraded…Just In Time

March 12, 2019 Published by

BAML analyst Wamsi Mohan, who had cut his firm’s rating on Apple to neutral in early November, returned his assessment to “buy” with a price target of $210 per share, a 16.6% increase from the bank’s previous level. Monhan said that a “large reversal of inventory overhang” for Apple iPhones, as well as stability in the group’s global supply chain and “modest” acceleration in services revenue growth has improved the group’s valuation. He also predicated the group will announce a near-term share buyback plan.

Source

I think the upgrade is a bit too late.  I mean Apple bottomed at $142 and the

Happy Birthday Investco QQQ

March 12, 2019 Published by

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. QQQs is one of the most traded ETFs in the world and includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.

The Invesco QQQ ETF first hit the markets on March 10, 1999.  After 20 years, QQQ is now the sixth largest U.S.-listed ETF with $66.4 billion in assets under management.

QQQ’s the top three sectors are: 60% technology, 22% cyclicals and 9% healthcare.

Top components include are Microsoft (NasdaqGS: MSFT) 10%, Apple (NasdaqGS: AAPL) 10%, Amazon.com (NasdaqGS: AMZN)

We Now have an ACTUAL PIVOT… $NDX $SPX $DJI

March 12, 2019 Published by

Markets are hard, no one truthfully will ever deny that. Bottom line is that you have to have a process and you have to stick with it. After nailing the low, for now it is safe to say that the bulls are back. I was guessing that the bears would put up a little more of a fight than they did but they can’t keep the market down for longer than 48 hours it seems.

After yesterday’s monster rip to the upside we now have a pivot (2 actually). The recent Friday Low, and the 200 day MA. As long

Boeing’s Soft Landing

March 12, 2019 Published by

On Sunday, an Ethiopian Airlines crashed killing 149 passengers and eight crew members on board shortly after takeoff. When the US markets opened Monday morning, Boeing stock gapped down 11% and fell as much as 13.5% to $365.55 shortly after market open.

Ethiopia, China and Indonesia, Caribbean carrier Cayman Airways, Comair in South Africa and Royal Air Maroc in Morocco temporarily grounded their Boeing MAX 8s as a precautionary measure.

The incident was the second deadly crash of the new Boeing planes in less than five months. A Lion Air Boeing 737 MAX 8 plunged into the Java Sea shortly after taking

Forex Price Action Baby, No Technicals or Fundamentals…Trade #9 – Sold GBP/AUD (3/11/19)

March 12, 2019 Published by

10,000 Ft View – 4 Hr Chart

There are a couple of things I like about this trade set-up.

Price is within weekly and daily zones.  In addition, price formed a “M” pattern on the daily chart. 

NOTE: a “M” pattern is just a double top signaling a trend reversal pattern.

Thus, I was looking for a pull back before the continuation down. I wasn’t in love with the zone, even drilled down to a 1 hr chart to evaluate the zone. But I took the trade based on all the other factors discussed.

However, I was stopped out of the trade

No Eyes On Soybean Oil

March 11, 2019 Published by

Last month I wrote a post about Soybeans,

All Eyes This Weekend On…..Soybean Prices – Part 2

But China counter at the beginning of the trade war last year was to reduce dependence on American soybeans.

However, China doesn’t have the means to increase their domestic production of Soybeans and had to result to South America. South American filled in the balance momentarily, but they couldn’t keep up with China’s appetite. Regardless of whether the resumed purchase of soybeans was part of the negotiation or China’s relentless appetite for soybeans, it’s a win for American farmers.

Today, I want to pay a little homage

Did the Big Boys need a Dip? $BA $DOW

March 11, 2019 Published by

Whenever there is panic it is very hard to push out the noise. There is one thing that you should learn to control, and that is your emotions. With the unfortunate Ehtiopian Plane crash over the weekend, the markets came in and saw the entire airline industry gapping down, BIG. $BA gapped down over FIFTY Points! (12%) I am sure MANY average joes and possibly long term holders from very low levels sold at the open. Then what happened?…

That one day crash was bought, MASSIVELY. You got a gap down that trended up all day, and in the beginning I

Bitcoin Technical Analysis: QUICK UPDATE

March 11, 2019 Published by

Bitcoin continues to consolidate within a wedge, creating a series of lower highs and higher lows. I’m expecting a larger move as it approaches the apex. Volume remains relatively high, just above $10 Billion for the day.

In today’s analysis I discuss, where price may go in the coming days/weeks, short term trades I’m considering, traps to avoid 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 comment section

Forex Analysis Report 3-11-18…How Low Can The EUR/USD Go???

March 11, 2019 Published by

I last spoke about the EUR/USD back in November,

Forex Analysis Report 11-11-18…More Pain In Store For The EUR/USD (Update)

On the daily chart, when price came down to the weekly pivot, it formed a demand zone, but price couldn’t close above the previous highs. Thus, the chart suggests, price will breached this daily supply and continue to fall.

This past Thursday, the European Central Bank (ECB) announced the issuance of a new round of long-term loans to eurozone banks.

NOTE: this is the third issuance
of cheap loans known as targeted long-term refinancing operations (TLTROs) to
eurozone banks.

and extending a pledge

Domino’s Pizza’s Esoteric Growth Strategy

March 11, 2019 Published by

Domino’s Pizza isn’t a pizza company, they are a tech company.  If you don’t believe me, just read my post from seven months ago,

Domino’s (Pizza) From Cardboard Crust To Technology Company

But if you insist that Domino’s Pizza is in fact, a pizza company, the make hella good pizza (especially when you get bacon as a topping).

Several weeks ago, Domino’s Pizza posted weaker-than-expected fourth-quarter earnings.  U.S. company-owned same-store sales rose 3.6%, Domino’s said, the slowest pace in four years and well below the consensus estimate of 6.6%.

So when I looked at the chart for the first time in seven months, I

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