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Tag: money

Boom! #Bitcoin Rips Higher $BTC

May 3, 2019 Published by

Bitcoin is up more than 6% today and is up over 82% YTD in 2019. It is crossing levels that have not bee seen since the November Puke of last year when bitcoin lost the 6000 level on heavy volume traded. It has taken us more than 5 month to get back to this important level and now we are here with some authority.

Does it get through the first time? Doubtful, but crazier things have happened. I think it is important to know that the last 80+% drawdown puke was just another “bubble” that burst and now we move

Crude Oil Analysis Report 5-3-19…Is More Downside Ahead???

May 3, 2019 Published by

Oil prices fell as much as 4% on Thursday, breaking through a key support level, as rising U.S. crude stockpiles helped offset concerns about a supply crunch.Crude futures declined despite a wave of geopolitical concerns, including political turmoil in Venezuela and the launch of new American measures aimed at driving Iran’s crude exports to zero.The drop was partly due to the overhang from Wednesday’s weekly report on U.S. crude stockpiles, which showed inventories surging by 9.9 million barrels. The data also showed U.S. oil production ticking up to a record 12.3 million barrels per day.U.S. crude stockpiles have risen in

FX Empire Is Spot On With Their AUD/USD Analysis – Part 2

May 3, 2019 Published by

Nine days ago, I talked about AUD/USD and how I thought FX Empire did a really good job analyzing AUD/USD.

FX Empire Is Spot On With Their AUD/USD Analysis

The main trend is up according to the daily swing chart. A trade through .7206 will signal a resumption of the uptrend. The main trend will change to down on a move through .7052.

The main trend will change to down on a move through .7052. An easy way to define an downtrend is price breaking to swing lows. Although I would say price would have to break the swing low at 0.7000.

Since that

Analysts Are All Over The Place With AMD

May 2, 2019 Published by

Advanced Micro Devices reported their quarterly earnings Tues. afternoon.  Their earnings and revenue beat estimates.  They also said their revenue for the second quarter will be in-line with expectations and maintained their full-year earnings guidance thanks you the expected launch of their new 7-nanometer Ryzen, Radeon and EPYC processors in the coming months.

So the news seemed positive, no need to be cautious right, so why are analyst all over the place with their targets?  Is it because Intel reported their first annual profit decline since 2015 and said their full-year guidance that was below Wall Street expectations last week.

Morgan Stanley

Bitcoin Price Analysis on a Long-Term View

May 2, 2019 Published by

Looking at a much larger time frame can give perspective.  A fellow crypto investor pointed out the monthly chart on BTC yesterday and I thought it was something worth giving another look.
The Bear Has Been Broken
If you look at the monthly chart of bitcoin in this post, you will see that long-term downtrend has been broken (identified by the blue trendline).
This occurred with the April breakout and now May is looking to be a third month of gains.  We shall see how that plays out, but price action does look a whole lot better than just two months ago.
Levels upon

Just Like That Apple Is Worth $1 Trillion Again

May 2, 2019 Published by

Apple is valued at $1 trillion once again after the company’s better-than-expected earnings report that exceeeded Wall Street’s expectations on both the top and bottom lines on Tuesday.

It was only four months ago, Apple suffered its biggest single-day loss in 6 years after cutting revenue guidance.  It seems like the beginning of the end for Apple in late 2018 when Apple announced its fourth quarter earnings report, in which Apple announced it would stop reporting individual unit sales and revenue figures for the iPhone.

However, Wall Street is very moody, first you are liked, then you are disliked, then you are

Akami Technologies, A Derivative Play On The Streaming Services

May 2, 2019 Published by

Akamai Technologies provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally.  Akamai’s content delivery network (CDN) has more than 240,000 servers in over 130 countries and within more than 1,700 networks around the world. A CDN allows you and I surf the web, pay bills, watch videos faster…you get the picture.  However, to put things in perspective, 85% of the world’s Internet users are within a single “network hop” of an Akamai CDN server.

Akamai Technologies reported their earnings on Wednesday and not only beat expectations, but raised its

Ripple…Doesn’t Rip Higher On Nasdaq News

May 2, 2019 Published by

Over the past several months many cryptocurrencies have incurred relatively large gains that have put a significant amount of distance between their current prices and their 2018 lows. But much to the chagrin of investors, Ripple (XRP) has not been one of these cryptos, as it has remained relatively stable around the $0.30 region. Ripple has gained some upwards momentum after news broke regarding XRP’s Liquidity Index being added to the Nasdaq Global Index Data Service, joining Bitcoin and Ethereum, which were both added previously.

Source

Being listed on the Nasdaq Global Index Data Service was a small win, even some additional

Scaredy Cat Investor Show – Interview Replay w/ TIMM contributor Rolland Thomas

May 2, 2019 Published by

It took a minute, but here is the recording from my conversation with veteran trader and TIMM contributor, Rolland Thomas!
In this interview we talk everything from crypto to stocks and how to recognize supply and demand zones in order to follow what the big money players are doing in the market!
Click the play button below to hear it all!

Forex Analysis Report 2-16-19…More Upside On The EUR/SEK – Part 2

May 1, 2019 Published by

I talked about a EUR/SEK set-up to go long back in mid-February.

Forex Analysis Report 2-16-19…More Upside On The EUR/SEK

Based on the monthly chart, I thought there was more upside because the EUR/SEK has been in a 6-week rally since late-December lows in the 10.1200 region.

So the set-up was the following:

The Swedish krona depreciates further vs. its European peer on Wednesday, lifting EUR/SEK to fresh 2019 peaks in the vicinity of the 10.6800 handle.The increasing selling mood in the Swedish currency remains the name of the game around the cross for the time being, which has now advanced to the area

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