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Tag: investing

Cyrpto Rally Cries While Lead Dog Yet to Break Out

February 24, 2019 Published by

The past week or so in crypto has pumped some life back into the space.  The “animal spirits” as investors say are alive and kicking.
The question is will we see any follow through?
Several coins have broken out above their prior highs.  Example are LTC and EOS among others, however there is still a key ingredient missing.
The Ingredient is Bitcoin
I know, I know that bitcoin doesn’t carry the weight in our minds it once did.  However, to any new crypto investor and the market sentiment on a whole Bitcoin still represents crypto and as Bitcoin goes the crypto market, for the

My TIMM Trading Pit Commentary – Wk Of 2/18/19

February 23, 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:

Great set-up on oil this morning…2 min demand zone. I didn’t take it, saw it last minute and wasn’t able to asses things on multiple time frames first. Great example of being patient and discipline…that’s my #1

Have You Ever Heard Of Dine Brand Global???

February 23, 2019 Published by

Me either.  However, Dine Brand Global together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally.  I know this still doesn’t tell you who Dine Brand Global is.  How about this…the company owns Applebee’s and International House of Pancakes (IHOP).

Over the last four quarters, the company has surpassed consensus EPS estimates three times.  On Thursday as the stock rose 8% after the company reported a 21% jump in fourth quarter revenue end route to a beat in the fourth quarter.  The company reported fourth quarter earnings of $1.70 per share on revenue of

Forex Price Action Baby, No Technicals or Fundamentals…Trade #6 – Bought CAD/JPY (2/21/19)

February 22, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

What I love about this trade set-up is price has been making higher highers and higher lows.

And the zone I selected, price took out the two pivot highs to the left.

Last night I was stopped out by a tick…probably the spread took me out, before price reversed and eventually moved higher. The below chart shows the price action on the 1 min chart.

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.

Garmin Is Just Like Madonna

February 22, 2019 Published by

Garmin, the maker of full-featured GPS navigation systems that take the doubt out of driving as you make your commute or vacation.  However, with the introduction of smart phones and navigation apps, I was sure Garmin was going out of business.  But just like Madonna, who has been in the business for almost 30 years mastered the art of reinventing herself.  And that’s exactly what Garmin did.

Global wearable fitness trackers market is on track to generate revenue of $48.2 billion by 2023, led by adoption of fitness tracking apps and rise in demand for wireless health monitoring devices, according to

As Financials Go, Equity Markets Go

February 22, 2019 Published by

That’s at least what Jack Ablin, chief investor officer of Cresset Wealth Advisors with $3.5 billion in assets under management said.

“In general, the stock market likes it when financials do well. And right now, over the last six months, financials have underperformed. That would suggest that equities could struggle over the next six months,” he said. “The fact is that the financial markets and liquidity in general is really the lifeblood of the equity market.”

Source

I have to kindly disagree with Jack. The chart below show the SPDR Financial ETF, XLF vs the SPY. The chart shows XLF went sideways relative to

Bitcoin and EOS Analysis: QUICK UPDATE

February 21, 2019 Published by

Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800. EOS has been impressive these past few…
Read on Trybe

Looking for the Turn… $NDX $SQQQ $SPX $DJI

February 21, 2019 Published by

Wow this market truly pushes you to the limits. After nailing the Christmas Eve bottom in the equities market I flipped back to being intermediate bearish once the DOW and SPX were hitting the 200 day and major resistance levels. The past few days and week or so are really testing the bears patience as they try and get EVERYONE BACK IN who sold off at the lows. This has been a grueling couple weeks especially after being up so much in a row. NDX is now at the 200 day and I have been timestamped bearish in the 7035

Crypto Adoption Is Gaining Steam with Samsung Annoucement

February 21, 2019 Published by

The reason I decided to hold a good chunk of my crypto for the long-term was for the specific reason of adoption.
Just a fraction of society is involved in crypto.  The functionality of it, though better each day is still too difficult for the regular Joe.
Think about that.
Will things stay like this forever?  Most likely no.
The Perpetuation of Adoption
As the old saying goes. Rome was not built in a day.
This holds true for any new technology or game changer.
The internet took time to spread.  Took time to improve and become user friendly.
Think about it.  In 1990 if you were to

Do You Agree With Todd Gordon On The SPDR ETF, XLC???

February 21, 2019 Published by

The Communication Services Select Sector SPDR ETF, XLC seeks to provide precise exposure to companies from the media, retailing, and software & services industries in the U.S.  Launched in June of 2018, XLC was created in response to this year’s changes in the Global Industry Classification Standard, the sector benchmarking system used by many indexers to classify thousands of stocks worldwide.

The top holdings include:

Source

Todd Gordon, founder of TradingAnalysis.com, says resistance in the broader market could exacerbate weakness in the sector.

“We have a series of three tops right around $280 in the SPY, 2,800 in the S&P 500. I think that

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