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Tag: money

Is Dr. Copper About To Breakout???

February 20, 2019 Published by

The term Doctor Copper is market lingo for the copper’s ability to predict turning points in the global economy. Copper has many uses…from homes, electronics and transmission, etc., its used as a leading indicator of the economic. Rising copper prices imply demand or a growing global economy and declining copper prices imply lack of demand or a slowing global economy.

I read an article this past weekend talking about what I prefer to as the supply and demand equation for copper.

The global copper market is expected to witness an undersupply scenario ahead as the pace of new mine supply is expected

Trybe TV – Bitcoin and EOS Analysis: CAN THE BULLS KEEP RUNNING?

February 19, 2019 Published by

Bitcoin broke above key resistance at $3,800. It’s now eyeing a very strong resistance zone between $4,000 and $4,120 (Coinbase). Daily volume remains strong at $9.9 Billion. This is the highest we’ve seen since May of 2018. EOS easily took out the $3.00 resistance and is now eyeing $4.00. It started creating higher highs, all…
Read on Trybe

Forex Price Action Baby, No Technicals or Fundamentals…Trade #5 – Sold GBP/USD (2/19/19)

February 19, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

I’m not in love with the set-up 100% because it’s in the middle of the range.

But what I love about the set-up was the strong move price made to the supply zone. In addition, price has moved over 150 pips. Potentially the buyers are exhausted and or taking profits and the sellers are stepping in with room for price to fall to the origin of the strong move.

This post is my personal opinion. I’m not a financial
advisor, this isn’t financial advise. Do your own research before making
investment decisions.

More Downside Risk For The Singapore Dollar

February 19, 2019 Published by

Singapore’s trade sector began 2019 on a whimper with non-oil domestic exports (Nodx) for January sliding a worse-than-expected 10.1%per cent from a year ago .

This was the biggest contraction in over two years since exports slumped 12 per cent in October 2016.  Analysts polled by Bloomberg were expecting a 3.5 per cent decline, given the high base effect of January 2018 when exports rose 13 per cent.

The drop in January 2019 was also the third straight month of decline after a 8.5 per cent year-on-year fall in December last year and 2.8 per cent decrease in November,  Enterprise Singapore figures released on Monday (Feb 18) show.

Source

Lets

Crypto Contest February 19: Factom

February 19, 2019 Published by

Factom (Poloniex: FCTUSD) 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, Factom began a wave one advance on August 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 6, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 28 this year. If this wave count is correct, Factom should be heading next towards the December 6, 2018 peak in the red wave three.

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

Zooming out in the monthly chart, I believe Factom is currently in the

Unusual Options Activity In Uxin Limited

February 19, 2019 Published by

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions. The company facilitates used car transaction services and financing solutions offered by third-party financing partners to buyers for their used car purchases.

Source

Uxin has been in a steady decline ever since December as news coming out of China pointed to their economy decelerating.  The decline continued in to

Trybe TV – Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

February 18, 2019 Published by

Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume. Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650. The daily chart also…
Read on Trybe

Will The S&P 500 Make All-Time New Highs In 2019??? – Part 2

February 18, 2019 Published by

About one month ago I wrote a post titled,

Will The S&P 500 Make All-Time New Highs In 2019???

Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year.

“I’m still sticking with 3100 and feel better about it,” said Yardeni, who noted valuation multiples, low interest rates and inflation is setting Wall Street up for a very good year.

In order for Ed to be right, price has to get pass the daily supply zones in white and

Crypto Contest February 18: Lunyr

February 18, 2019 Published by

Lunyr (Bittrex: LUNBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Lunyr began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in September 2018. If this wave count is correct, Lunyr should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Lunyr is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information.

My TIMM Trading Pit Commentary – Wk Of 2/11/19

February 18, 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:

Gold just hit a 4 hr supply zone, if the trade is going to work, will need help from the US dollar, meaning it must get stronger.

I don’t trade copper, but here was a nice set-up

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