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Tag: money

Big Momma $AAPL is SO Weak… $SPX $QQQ

January 24, 2019 Published by

The market has rallied tremendously off the lows around Christmas and all is back to normal, right?
Wrong.
The weakness and rotation in the underlying assets show why this is nothing more than a bounce. The leaders before, that everyone is trying to buy the dip on, have actually just made their first lower low of many I am afraid. Let’s just show you with the most popular stock in the market. Big momma $AAPL. First you will see a chart of SPX and see how far it has rallied.

It is currently sitting  ear the October lows of last year, quite the

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

January 23, 2019 Published by

Contrarian investing is an investment style in which investors go against prevailing market trends by selling when the crowd is are buying and vice versa. A contrarian investor believes that certain crowd behavior among investors can lead to exploitable mis-pricings in the markets.

The bull/bear ratio indicates overall investor sentiment in the market by comparing the number of bullish and bearish investors. The ratio is a contrarian indicator in that a bull/bear ratio > 1 indicates conditions are too bullish and you should take a bearish stance and a bull/bear ratio less < 1 indicates conditions are too bearish and you

Crypto Contest January 23: Propy

January 23, 2019 Published by

Propy (Bittrex: PROUSD) 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, Propy began a wave one advance on December 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 14. If this wave count is correct, Propy should be heading next towards the December 26, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Propy is a global real estate marketplace with decentralized title registry. Crypto Finder interviewed the CEO

Crypto Contest January 23: Propy

January 23, 2019 Published by

Propy (Bittrex: PROUSD) 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, Propy began a wave one advance on December 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 14. If this wave count is correct, Propy should be heading next towards the December 26, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Propy is a global real estate marketplace with decentralized title registry. Crypto Finder interviewed the CEO

Is Steem Price About to Complete a Bottoming Pattern?

January 23, 2019 Published by

Well things may have just got interesting folks.  Last time I reviewed the price of steem it was flirting in the mid 30 cents area and all eyes were on the 40 cent level.
Cup and Handle Pattern in Play
In recent days steem has pushed through the 40 cent level into the mid 40’s.   Being able to close a green candle up here would be ideal as it establishes price above resistance.
Furthermore a cup has been formed and if we were to atleast bounce along the 40 cent area that would give us a handle.  It’s a somewhat shallow cup, but

Stanley Black & Decker, Another Housing Market Barometer

January 23, 2019 Published by

Stanley Black & Decker Inc. posted profit in the fourth quarter of $2.11 a share, beating analysts’ estimates a penny and  revenue in the quarter was $3.63 billion, topping forecasts of $3.62 billion, but the stock still fell double digits on Tuesday.  The stock still fell because of their dismal 2019 earnings forecast.

A week ago I talked about how Sherwin-Williams lost more than 6% after announcing earnings and how analysts will often look at the Sherwin-Williams as a barometer for health of the consumer and housing market.

Source

Stanley Black & Decker, Inc. the construction equipment maker that provides tools such as

BREAKING: Steem up 78% since @steemit full power down.

January 23, 2019 Published by

The market doesn’t lie folks. And it is speaking. Steem is trading up on a few catalyst but most of the talk is about the deposit/withdrawals and arbitrage opportunity on Bithumb. I am not completely a believer of this scenario. The power down of @steemit started at the EXACT same time and the market continued to RIP up on this news. 7 straight days up in the air topping out at recently $0.44.

Both of these are GREAT NEWS, and I believe the latter is even better. Stinc has continued to FAIL it’s users and it is time for the WITNESSES

Currency Analysis Report 1-22-19…Aussie Set To Go Lower

January 22, 2019 Published by

The last time I spoke about the Aussie was three weeks ago and at that time, there were no set-ups.

Currency Analysis Report 1-1-19…Aussie Sinks On China PMI Data

Source

But then the Apple forex flash crash happened.  Apple suffered its biggest single-day loss in 6 years and the stock closed the day at its lowest price level since July 2017 after cutting revenue guidance of $9 billion. 

The announcement occurred right at the beginning of the Forex trading day, the Japanese session, where there was no liquidity and where the algos put on sell programs.   As a result the price absorbed all

Crypto Contest January 22: Loopring

January 22, 2019 Published by

Loopring (Binance: LRCBTC) 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, Loopring began a wave one advance in September 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Loopring should be heading next towards the April 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
You can see the wave count even better in the line chart.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Loopring is

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