Real Estate is above a level that many thought would never be seen again a little over a decade ago. It has rebounded off the likely GENERATIONAL LOWS back in 2009 and is now making a move over key resistance levels of 83-84 (prior highs). If this were too hold I believe you can be LONG Real Estate for the foreseeable future. Bullish over 84, Bearish Under.
Tesla reported first quarter earnings last week. The results missed both, earnings and revenue expectations. Tesla lost $702 million or $4.10 in earnings compared to $494 million, or $2.90 a share, compared with a loss of $3.35 a share a year ago.
Tesla Inc’s stock price fell
5% on Friday and fell 14% for the week to its lowest since January 2017.
Daniel Ives of Wedbush cut his rating on Tesla TSLA to neutral from outperform, the equivalent of buy, in a scorching note that reflected equal amounts of frustration and despair.“In our 20 years of covering tech stocks on the Street we
Nexo (HitBTC: NEXOBTC) has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Nexo began a wave one advance on September 6, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 4, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on April 11 this year. If this wave count is correct, Nexo should be heading next towards the December 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Nexo lets you borrow instantly in 45+ fiat currencies and earn daily interest on your
According to a Twitter
survey conducted by crypto bull Thomas Lee, 24% of Crypto Twitter inhabitants
believe that the signal, which typically hints at a bull run ahead, is a trap
and that it is time to unload some Bitcoin. A golden cross occurs when a 50-day
moving average crosses the 200-day moving average from under on the daily
chart.
EToro Senior Market
Analyst Mati Greenspan opines that a bull run has been confirmed. This is based
on the fact that Bitcoin has broken the $5,350 resistance level, turning it
into a new support area:
As proof of the unreliability of using technical analysis to predict prices of tradeable assets,
Sometimes the closing prices and charts give you a CLEAR understanding of supply and demand especially when considering assets on a long term timeframe. I have been a TSLA fan for years, not going to lie. I still like the company, I still like the vision, I still like the CEO, but I do not like the chart. This is unfortunate because I want TSLA to survive because I like the idea of Luxury Electric Cars. But You can’t just hop on the ship here…
The Chart is showing a disaster of a breakdown here. It has been range bound for
Ford announced first quarter earning in which net income declined, to $1.1 billion from $1.7 billion. Earnings per share were $0.29 cents per share, down from $0.44, but better than expected. Also, revenue fell to $40.3 billion from $41.9 billion a year earlier, but higher than expected. Beating the expectations were enough to send the stock 10% higher on Friday, it’s best one day performance since 2009.
“North America’s EBIT improvement was driven by our F-Series, despite new competitive challenges; Ranger as it came to market, and Transit America’s best selling van,” Ford CFO Bob Shanks told investors on a conference
Reallocating your investment portfolio is something that should be done atleast annually, but probably every six month at a minimum.
A good friend of mine is a successful financial advisor and he told me that they always reallocating their clients portfolio when warranted, which basically means when the allocation percentages get out of wack due to the increase (or decrease) of a given asset class.
50/50 Allocation
He told me that they automatically rebalance their clients portfolios to 50/50 continuously. Meaning, 50% of an account in invested in different stocks and the other 50% is in fixed assets, such as bonds.
Most people have
Medicalchain (Huobi: MTNBTC) 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, Medicalchain began a wave one advance on February 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on April 27. If this wave count is correct, Medicalchain should be heading next towards the April 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Medicalchain uses blockchain technology to securely store health records and maintain a single version of the truth. You can view their
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
Disney has been making a lot of noise as of late. Since announcing Disney+, schedule to launch in the Fall, the stock has been a tear, up almost 20% since the announcement.
Disney is forecasting between 60 million and 90 million subscribers to its streaming service within five years. According to a survey by the website Streaming Observer in partnership with data analysis firm Mindnet Analytics, ss much as 14.5% of Netflix’s current U.S. subscriber base of 60 million said they are considering canceling the service in order to sign up for Disney+. Subscribers to all of Disney’s services would get
