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Tag: investing

Ethereum Hardfork Delayed

January 16, 2019 Published by

The Ethereum network is scheduled for a hard fork called Constantinople today.  But unlike the hard fork on Bitcoin Cash in recent months, this hard fork is expected to not cause any issues as all transaction validators are likely to upgrade their software which will be a plus for the Ethereum community.

The upgrade is intended to reduce mining rewards from three to two, speed up processing times, improve the way the network monetizes data storage and address crypto scalability — the ability to process transactions efficiently and quickly.   Thus, this hard fork is likely to be positive for the valuation

What happens after the bounce is what matters!

January 16, 2019 Published by

Well folks, we are now here. On Christmas Eve I said we are bouncing, followed by what happens after the bounce is what matters going forward. This V shape bounce (somewhat surprising how quick) has now ran into some HUGE sellers at 2610 and 2680.

If you go back and read my previous posts, these two levels have been mentioned over, and over, and over again, and again, and again. By drawing the resistance line you can literally see the wall that has been created from past prices. There is a 90% chance this causes trouble, the other 10% is a

Currency Analysis Report 1-16-19…Brexit Delayed Again

January 16, 2019 Published by

Two years ago, England voted to leave the EU.  Today, U.K. Prime Minister Theresa May asked Parliament to approve the withdrawal agreement with the European Union.  The withdrawal agreement was rejected by 432 votes to 202. The 230 vote defeat is thought to be the largest in U.K. political history.  U.K. government now has just three working days to map out a new plan of action.

The more Brexit lingers, the probability decreases England will leave the EU.  Many think leaving the EU will hurt England.  A Bank of England report in late 2018 said leaving the EU would result in

Intraday Analysis: SPX Pressing The Upside Range

January 15, 2019 Published by

Over the last several days the S&P 500 has been a bit range bound.  Looking at a shorter time frame, such as the hourly chart we can see this trading action and that the index at this moment is trying to breakout to the upside.
Market Action
The opening bell was 30 minutes ago and despite disappointing earnings from yet another bank, JP Morgan this time, the SPX is pressing higher.

As you can see in the hourly chart above, price action has been stuck in a range the past five trading sessions and the index is now pressing the upside of that

Unusual Options Activity In PG&E Corporation

January 15, 2019 Published by

PG&E faces at least $30 billion in potential liability costs stemming from wildfires in 2017 and 2018, many allegedly started by the company’s equipment, that have led state officials to doubt the safety of the company’s electric distribution system.

Investigators have already determined PG&E’s equipment liable in at least 17 major wildfires in 2017. State investigators are still working to determine if the company’s equipment was partly responsible for November’s Camp Fire, which killed at least 86 people and destroyed about 14,000 homes, making it the state’s deadliest fire.

PG&E Corp. stock cratered Monday after the company said it will file for

SPX Bulls Showing Resilience

January 14, 2019 Published by

After quite the bounce last night and some negative news one could think the bears would come roaring down and sell off the market for at least a day, but the bulls seem to remain strong recently.
Bank Miss, China Down
This morning we got the first of what will be many banks reporting their fourth quarter results.  Citi kicked it off with a miss on revenue, which seems to be the expected tone for the banks this earning season from the pundits.
Additionally, data out of China sparked worries over a global slowdown as their import/export numbers were lower than expected.
Don’t Skip

Bitcoin Technical Analysis: PRICES SPIKE, BUT DON’T GET COMFORTABLE YET

January 14, 2019 Published by

Bitcoin’s price spiked from a low of $3,480 to $3,700. It’s currently trading around $3,670 on Coinbase. We know $3,600 was acting as a strong support before prices dropped 2 days ago. Often when a support is broken, it starts acting as resistance. In this case, when price spiked, $3,600 did not act as resistance. This gives bulls some hope for a larger rally. Let’s now see if $3,600 starts acting as support again.

This latest rise in price also came with a drop in long positions. In other words, traders to profit. This is a healthy sign.

Unfortunately, overall daily volume

Cancelled Two Forex Pending Orders

January 14, 2019 Published by

It’s January 13th and I have yet to place a trade in forex 2019. By no means is it due to the lack of volatility. For example, when Apple pre-announced two weeks ago, the Japanese Yen pairs went bonkers. For example, just look at what happened on the USD/JPY.

The pre-announcement occurred after the US session close. During the period between the US close New York and the Tokyo open in Tokyo, few human traders are involved in the forex markets. More than likely the flash crash was algos sniffing the internet for news and sold the Markets when Apple

Goldman Sach Just Jumped On The Wagon

January 14, 2019 Published by

About one month ago, I noticed what looked like a smiley face…a bottoming pattern forming on Gold.

Metal Analysis Report 12-7-18…Do You See What I See???

YES, YES, the chart is suggesting price is forming a bottom and also broke the daily down trendline last month.

Then three weeks later, I noticed some bullish unusual option activity on Newmont Mining.  But more importantly, the bottoming pattern was confirmed by the specific pattern that I look for in reversals.

 Unusual Options Activity In Newmont Mining

Then a week later Jim Cramer jumped on the bandwagon. CNBC’s Jim Cramer said on his show, Mad Money that

Definition of a Risk Taker

January 14, 2019 Published by

Investing has risk.  There is no two ways about it.  Some investments have very marginal risk while others have much more volatility, either way you need to take risks if you want to invest.
Definition of a Risk Taker
Do you know what the definition of a risk taker is?
It is…

Someone who steps into the game without already knowing the answer.

Here’s the thing – we never know the answer.
We can analyzed a bunch and put the odds well in our favor, but you do not know 100% how an investment will play out, well atleast anyone that includes even a morsel of

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