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Oil Prices Approaching The $50 Level, Now What???

January 9, 2019 Published by

The last time I spoke about oil, which was one month ago, I talked about price was about to penetrate the monthly demand at $42 and the fact that prices of oil is truly a supply and demand equation.

Oil Prices Breach The $50 Level, Now What???

Since that time price penetrated the monthly demand, stopped at $42.34 and has since rallied 17%.

Nothing has changed in the global economy in two weeks, it’s decelerating, but what has changed is the supply and demand equation for oil.

Saudi exports in December fell by about half a million barrels per day

EOS Technical Analysis: Is EOS Preparing to Move?

January 9, 2019 Published by

EOS has been consolidating for over a week now. It’s being squeezed within a wedge and looks like it may make a larger move in the next day or 2.

The 4 hour RSI is also being squeezed, suggesting a larger move to come.

In today’s video analysis I discuss, where price my be heading, 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 below.

Bitcoin Technical Analysis: QUICK UPDATE…More Watching and Waiting

January 8, 2019 Published by

Bitcoin remains above $4,000, which is impressive considering how weak overall volume has been.

Long positions remain stacked while short positions continue to fall off.

In today’s video analysis I discuss, where price may be heading next, signs to watch out for 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 below. Until next time, wishing you safe and profitable trading!
Workin
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Roku Rocking Again

January 8, 2019 Published by

Although Roku reported mixed guidance in last month’s third-quarter earnings report, Roku remains one of the fastest growing leaders in video streaming technology.  Revenue rose 39% in its latest quarter, fueled entirely by a 74% surge in platform revenue thanks to their Roku 24 million active users.  About 10% of U.S. TV viewers aged 18 to 34 are now on Roku and 10 million of its users do not have a linear TV bundles.

The platform works. There are now 23.8 million users relying on Roku — up 43% over the past year — but that is just one of the

Unusual Options Activity In Nvidia

January 8, 2019 Published by

Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide and climbed nearly 4% today after an analyst from BMO Capital Markets reversed his bearish stance and upgraded the semiconductor company to outperform from market perform stating, “while fundamentals will likely get worse before they get better, we believe the shares have bottomed, we are also raising our target price from $50 from $32.  But this post isn’t about Micro Technology, it’s about Nvidia. 

Nvidia needs no introduction, but just to remind you, not only is Nvidia the leader in gaming, but also the leader in supplying chips needed for

It’s Pretty Gross Out There Folks $SPY $QQQ $AAPL $FB

January 8, 2019 Published by

My goodness do US equities look like absolute dogpoop   . I just scrolled through about 100 charts from the S&P500 and seriously found 1 stock in an uptrend and 2-3 that looked like it found actual buyers and not just short covering bounces.
It is the worst I have seen since Jan of 2016 during that bear market (and this is worse). The momentum names have been hammered down and the largest ones can’t even bounce such as AAPL, FB, etc.

These names have been killed and some cases down over 40% and they can’t even bounce?
In markets like this TIMEFRAME is

Bitcoin Technical Analysis: TESTING KEY RESISTANCE…AGAIN

January 6, 2019 Published by

Bitcoin broke up and out of the wedge it was consolidating in. It found resistance right inside the golden pocket (between the 0.618 and 0.65 fib) I’ve discussed in the past. While we’re seeing a small increase in volume, overall daily volume remains fairly weak.

Looking at the daily chart, price is bumping up against the upper Bollinger band. This, along with the golden pocket, is providing a strong area of resistance.
Bitcoin is now above the 50 Day MA on the daily chart. Let’s see if today’s candle can close above the 50 Day MA.

Longs have been stacking for the past

Snuffles Wisdom: Why the 200 Day Moving Monkey Actually DOES Matter…

January 6, 2019 Published by

I am going to easily depict why the 200 day moving average does actually matter converning price and time on the chart. The 200 day moving average i simply the average price of the past 200 day “Closing Prices” plotted on a chart to show an average. You can see this on the chart below as the red line on a daily basis.

Look at how the red line simply holds price above it when price is trending up and hold price below it when price is trending down. Some will call this VOODOO, but this is a very simple mathematical

Not So Fast Ari Wald & Byron Wien

January 6, 2019 Published by

The beginning of the a new year is a time for all (really anybody) Wall Street pundits to make their year end predictions. I have come across many articles over the last several days predicting where the S&P 500 will be and where oil will be and where gold will be and where interest rates will be by year end. Two predictions in particular that I came across were the following:

“We expect a bear market rally to develop over the coming weeks, and we expect a new bull market to develop over the coming months to quarters,” said Ari Wald,

$SPX Weekly Outlook: Neutral Bearish $IWM $QQQ

January 6, 2019 Published by

Well folks we continued the bounce into the first week of the new year. This is not surprising as you will see in the chart below we bounced right ON the 200 weekly Moving Average which is longggg term support. After being pressed down daily, and puking on Christmas Ever, SPX has bounced right back to resistance st 2535ish.
So i know what you want to know…Now What??

Well 2680 is going to be MONSTER tough to get through. Like I said last week, considering my 401k is long only, I bailed due to the risk that is down in the intermediate

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