Wayfair…Way Up On Earning Announcement

Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

Warfair is also living in an Amazon world.  Quite frankly, I admire their grind because I thought by now they would be closing up shop like many retailers who have succumb to Amazon.  However, I have been proving wrong up to this

Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In…
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Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In fact, we’ve seen the highest daily volume in at least 9 months over this past week.

Looking at the daily chart, we can see price found support right on top of the 21 day EMA.

In today’s video analysis I discuss if this latest drop looks more

Forex Price Action Baby, No Technicals or Fundamentals…Trade #7 – Bought USD/CAD (2/25/19)

10,000 Ft View – 4 Hr Chart

Zooming In

What I like about the 4 hr demand zone is it’s embedded within a daily demand in which buyers stepped in at the whole number of 1.3100 and prices rocketed to daily supply at 1.3360 before return to the origin of the strong move.

I really must give my trades more of an opportunity to work out, as I’m risking only 10 pips and could have easily been stopped out. However, on the flip side, it means that my Reward to Risk are extremely high…if I can withstand the many stop

Stamps.com No Longer Sticking

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Stamps.com No Longer Sticking

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Kraft-Heinz Got Squashed Like A Tomato

I’m not a big fan of the consumer staples.  Due to higher inflation, higher interest rates, consumer staples get hit because they use and convert raw materials into a finished good that you and I use as consumer. As a result, their input costs go up, directly affecting their top line sales.  In addition, the consumer staples companies can’t pass on their higher cost to us in fear of losing more business.

Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down due to eroding value of its Kraft and Oscar Mayer products

Party Like It’s 1964

The Dow Jones Industrial
Average DJIA rose 181 points on Friday, making it the ninth straight weekly
gain for the Dow and the first time since 1964 that the DOW rose in the first 8
weeks of a calendar year.

This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on hold. 

In addition, growing hopes that the US and China will come to a tariff agreement in the coming weeks. President Donald Trump described negotiations with Chin as having a “very good chance” of reaching a deal and as a

Universal Display Corporation Is Lighting Up Again

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.

Universal Display Corp is probably best known for being the OLED screen in the iPhone X and all three of Apple’s 2019 iPhone models.

Despite slumping iPhone sales, Universal Display Corp. recently announced earnings this past week of $0.40 / share on sales of $70.1 million in the December quarter. Analysts expected Universal Display earnings of $0.34 cents / share on sales of $70 million.  On the news the stock price rose

Unusual Options Activity In Caesars Entertainment Corp

Last year, Tilman Fertitta, owner of restaurant company Landry’s Inc. and the NBA’s Houston Rockets, offered $13 a share in cash and stock for the company.

In January, activist / investor Carl Icahn built a 10% stake in Caesars Entertainment Corp. Now Icahn’s is pushing for a sale of the company after Caesars rejected a merger approach by Tilman Fertitta.

The activist investor said in a filing with the Securities and Exchange Commission that he wants representation on Caesars’ board and for the company to refrain from immediately appointing a new CEO.

Caesars’ stock is undervalued and the best way