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Play The Extremes On Oil

February 14, 2019 Published by

OPEC reported that output fell by almost 800,000 bpd in January to 30.81 million bpd.  On Tuesday, Saudi Energy minister Khalid al-Falih said production would fall below 10 million bpd in March, more than half a million bpd below the target it agreed to.

Meanwhile, two weeks ago the U.S. Energy Information Administration (EIA) said Record-breaking U.S. oil production is expected to continue for decades.  For example, Texas’s oil production hit a record level not seen since 1973. Texas oil wells produced more than 1.54 billion barrels of crude in 2018.  If Texas was a country production it would be the

Turns Out I was Right…Jamie Dimon and his Weasel Move

February 14, 2019 Published by

It wasn’t that long ago that you saw this…“Jamie Dimon Slams Bitcoin as a Fraud”

As soon as this hit the news wire I had a feeling that Dimon was attempting to pull one of his weasel banker moves that banks pull daily througout the financial markets. See this is how it works. Banks funnel news in order to set up the actual move of the direction of the asset (which they know many times based on the inside sources and collaboration with other banks). In this case here is how it played…

Bitcoin had left the station “at the time” and

Crypto Contest February 14: Stealth

February 14, 2019 Published by

Stealth (Bittrex: XSTUSD) 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, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.

(Chart courtesy of Tradingview.com

Crypto Contest February 14: Stealth

February 14, 2019 Published by

Stealth (Bittrex: XSTUSD) 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, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.

(Chart courtesy of Tradingview.com

Crypto Contest February 14: Stealth

February 14, 2019 Published by

Stealth (Bittrex: XSTUSD) 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, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.

(Chart courtesy of Tradingview.com

Currency Analysis Report 2/14/19 – US Dollar Back At the Weekly Supply Zone

February 14, 2019 Published by

When Fed Powell hinted several weeks ago that rate hikes were on pause, many experts thought that would hurt the dollar. Low interest rates usually go hand in hand with a weaker currency.  However, the US dollar hit a fresh 2019 high earlier this week.

Since then, a bit of a pullback has developed and price now sits below the 97.00-level on the chart.  With weakness in the Euro and Japanese Yen, and China’s economy slowing down, I think the US dollar is a crowded trade.  There is no other place to turn to, so the US dollar is the lesser

Church And Dwight Needs To Pray

February 13, 2019 Published by

Church & Dwight reported earnings this last week.

Finally, shares of Church & Dwight fell 7.5%. The maker of consumer brand products like Arm & Hammer, Oxiclean, and Waterpik said that sales grew more than 4% in the fourth quarter of 2018 on an organic basis, with especially strong 9% gains internationally.

Yet even though results in the consumer international and consumer domestic segments were solid, Church & Dwight saw a big drop in net sales of specialty products. Moreover, investors were concerned about the impact of tariffs, which was a significant cause of a 2.5-percentage-point drop in gross margin to

Crypto Contest February 13: Odyssey

February 13, 2019 Published by

Odyssey (Bittrex: OCNBTC) 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, Odyssey began a wave one advance on August 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 17, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 10 this year. If this wave count is correct, Odyssey should be heading next towards the October 17, 2018 peak in the red wave three.

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

Funnymentals

Odyssey’s mission is to build the next-generation decentralized sharing ecomony & peer-to-peer ecosystem. Odyssey

Crypto Analysis Report 2-12-19…Litecoin Is At Another Critical Level

February 13, 2019 Published by

The last time I spoke about Litecoin, price was at a do or die price level,

Crypto Analysis Report 1-20-19…Litecoin Is At A Critical Level

The level to pay close attention to on Litecoin is the $30 level. Not only is this a psychological round number, but price is attracted to this level going back all the way to May 2017.

So if price breaks below $30, the pivot low at $22 must hold. If price breaks above $30, the next test will be the daily supply at $44.

Not only did price hold the $30 level, but breached the $44

$SPX has hit the 200 day MA…

February 12, 2019 Published by

Over the past couple weeks with buyers stretching the tape to the upside it appeared that this 200 day tap was inevitable. In fact the Dow and SPX have both touched the 200 day and I expect the NDX to do this sometimes this week. One cannot dent that it appears this rally is pressing upwards until the shorts get squeezed and the fund managers have to chase. This is now 8 straight green candles on the SPY chart and many are on the sidelines (Including myself). This rally did not let anyone in.

So what now? With this extension we

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