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Crypto Contest January 6: Status Report XXIV

January 6, 2019 Published by

In this report I will look how my analysis worked for the month of November 2018. There were 30 contests in November. I have already paid out all of them. The analysis was correct five times. The analysis was wrong 13 times. The cryptocurrency was in a range 12 times.
The correct ones were the following:

Crypto Contest November 3: Bitcoin Cash
Crypto Contest November 17: MobileGo
Crypto Contest November 19: Factom
Crypto Contest November 25: Theta Token
Crypto Contest November 30: Endor Protocol

In these contests the range option won:

Crypto Contest November 6: Status Report XXII
Crypto Contest November 8: Basic Attention Token
Crypto Contest November 9: IoTeX
Crypto

Not So Fast Ari Wald & Byron Wien

January 6, 2019 Published by

The beginning of the a new year is a time for all (really anybody) Wall Street pundits to make their year end predictions. I have come across many articles over the last several days predicting where the S&P 500 will be and where oil will be and where gold will be and where interest rates will be by year end. Two predictions in particular that I came across were the following:

“We expect a bear market rally to develop over the coming weeks, and we expect a new bull market to develop over the coming months to quarters,” said Ari Wald,

Is Netflix On Your Conviction List???

January 5, 2019 Published by

Happy New Year to Netlflix.  Netflix has gained 16% during the first week
of trading for the year, 10% alone on Friday after Goldman Sachs added Netflix
to its conviction list.  Stocks that make
their conviction list are hand-picked stocks that are expected to outperform
and deliver meaningful upside.  So much
so, Goldman Sachs think Netlflix will be higher by 50% over the next 12 months.
  50% upside represents a stock price of
$400.

Goldman Sachs believes
Netflix’s investment in content, technology and distribution will continue to
drive subscriber growth above Wall Street expectations both in the U.S. and
internationally.

Netflix has been
investing in original movies and programming to grow its

Upside Targets for SPX Running Out of Gas

January 5, 2019 Published by

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

Crypto Contest January 5: Loom Network

January 5, 2019 Published by

Loom Network (Binance: LOOMBTC) 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, Loom Network began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on November 25, 2018. If this wave count is correct, Loom Network should be heading next towards the October 12, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Loom Network is a platform as a service built on top

Do not look past Powell’s Policy Mistakes $TNX $TLT $GLD $SPX

January 4, 2019 Published by

Fed Chair Powell came out this morning and boosted the market on top of the HUGE Job Number of 300+k jobs. The market is rallying big time up 3+% currently.

Do not look past the TWO policy mistakes the Fed Chair madenin 2018. It is very clear that those impacts have caused Mr Market to react the way it did in Q4. The trimming of the balance sheet and raising rates in a slowing growth environment WAS NOT the right decision. Presently the market has gotten killed and Powell said some words to lift it off the mat. If you disagree

Tenants: Your Most Important Asset in Rental Real Estate

January 4, 2019 Published by

When investing in rental real estate we can focus on price and location all we want, but even though we must get those right it will not matter if we cannot procure and retain quality tenants.
Your Most Import Asset in Rental Real Estate
This is hands down your tenants.  The rental income that comes from your tenants is what provides your cash flow and pays down the principal of the mortgage if you carry one.
The rental income is what builds your wealth in rental real estate.  Sure, you can have appreciation or buy something at a great discount, but those are

Crypto Contest January 4: Byteball Bytes

January 4, 2019 Published by

Byteball Bytes (Bittrex: GBYTEBTC) has broken out of the wedge pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bytes began a wave one advance on November 23, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 11, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Bytes should be heading next towards the December 11, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Bytes is currently in the

Five Financial Books to Read in 2019

January 3, 2019 Published by

At the start of every year I like to share five financial related books to read.  Some are newer and some are classics, but they are all that provide some type of wisdom that has served me well in my personal finances.
 Five Financial Books to Read in 2019
1.) The Richest Man in Babylon – George S. Clason
This is a classic that everyone should read.  It is essentially your foundation for financial know how.  Thought the setting is ancient Babylon, the book uses simple parabes that display financial lessons through the experience of the characters within.
If you don’t like reading financial related

Crypto Contest January 3: EOS

January 3, 2019 Published by

EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Here is a closer look at the breakout.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance in October 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 December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.
 

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The target of the EOS project

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