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Forex Relative Strength Analysis Report For Week Starting 5/4/19

May 5, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar.  Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in

My TIMM Trading Pit Commentary – Wk Of 4/29/19

May 4, 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:

Stopped out on Dow futures trade, got back in, was up 100 ticks, got out of trade after I saw price break down again, escape today at breakeven plus commission.

Went long on Dow futures, breaking several of

Currency Analysis Report 5/4/19 – Does The US Dollar Have More Upside???

May 4, 2019 Published by

This morning brought the release of April Non-Farm Payroll numbers out of the US, and while the headline number was fairly strong, the internals were questionable. The US economy added +263k jobs in the month of April, blowing by the expectation for +190k to have been added. Also in the positive column was the unemployment rate, which sunk to a fresh 50-year low, printing at 3.6% versus the expectation of 3.8%. But – the question marks around inflation in the US economy remain as Average Hourly Earnings missed expectations, coming in at an annualized 3.2% versus the expectation for 3.3%;

Universal Display Corp Ignores The Downgrade

May 4, 2019 Published by

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.

OLED uses an organic substance that glows when an electric current is introduced. The material reduces the thickness and weight of the devices, creating an ultra-thin, sleek form and superior color reproduction.

On Monday OLED was downgraded by Susquehanna Financial Group’s analyst Mehdi Hosseini. Hosseini argued that “the best case (cash) earnings scenario (of high single digit $/share) is now dialed into the share price” following the big run-up.” 

Crypto Contest May 4: Cred

May 4, 2019 Published by

Cred (Huobi: LBAETH) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Cred began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 24, and the red wave two (blue sub-waves a-b-c) correction ended on May 3. If this wave count is correct, Cred should be heading next towards the April 24 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

With Cred you can save your crypto assets, earn interest and borrow. There are more details in the official

Currency Analysis Report 5-3-19…Is Brexit Back On???

May 4, 2019 Published by

Pound Sterling is the week’s best performing currency with a poor performance by Labour and the Conservatives in local elections likely to spur the two sides towards agreeing a Brexit deal as they seek to lance the boil that is Brexit.

Out of no where, the
British Pound rocketed llate on Friday afternoon following comments from Labour
leader Jeremy Corbyn that a deal on leaving the EU must be decided by the UK
parliament soon.  Jeremy went on to say lawmakers
had to find a way to get a deal done to leave the EU.

If local parities, the Labour
and the Conservatives could agree on a

Litecoin Playing Ping Pong with the $75 Level

May 3, 2019 Published by

This $75 level for litecoin has been rather interesting.  Last summer it acted as a key support level before breaking down.  Recently price finally broke back above it only to fall below shortly after….
Here we go again
Looking at the chart in this post…
After dumping down to $66 price rallied to test that $75 area again and ran out of gas for a couple days only to push through it today, that test followed by a small red day or two and blast off higher is a classic bullish price move.
However, I’m not sure that I want to wave a victory

Did H&R Block Just Do A No-No???

May 3, 2019 Published by

Long story short, about two months ago, my mom, feel off the bed, reaching for the phone, suffered and contusion in her elbow and my mother missed the AARP deadline to get her taxes done for free because sister forgot to take my mother to her.

I use to do my own taxes, so I told my mother I would do them for her. During my research I came across website on the IRS website that one can use to file their taxes for free if they meet certain criteria.

I also looked at H&R Block who offered a similar

Crypto Contest May 3: Arcblock

May 3, 2019 Published by

Arcblock (Huobi: ABTBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Arcblock began a wave one advance on January 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 12, and the red wave two (blue sub-waves a-b-c) correction ended on April 25. If this wave count is correct, Arcblock should be heading next towards the April 12 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain applications. Decentralize Me interviewed Tyr Chen, VP of

The Cruise Liners Are My Consumer Price Index

May 3, 2019 Published by

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

Shares of Royal Caribbean Cruises closed the day on Wednesday almost 7% toward a seven month high after reporting first-quarter earnings that beat expectation.  Net income rose to $249.7 million, or $1.19 a share, from $218.7 million, or

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