How worth is your Staked PAL?

In case you don’t know, you have an amazing tool called “STEEM SCOT Voting Power” created by @blockchainstudio on which you can perform staking, claiming, check Voting Power or change your weight multiplier there.

It also tells you how much in STEEM is your Staked Token worth.

For instance, I have 1210 PAL staked:

So, according to the tool and also to the current trading price of PAL vs STEEM, in my case it is worth 508 Steem, ie 128 $…

Not bad taking into account that my investment has been almost zero!

The same you can do with any Steem-engine token, just change my user name and the Token symbol in the link below:

https://economicstudio.github.io/vp/?a=toofasteddie&t=pal#

For LEO I have the following:

1318 LEO = 160 STEEM

Not bad at all, isn’t it?

Love #newsteem !

@toofasteddie

iRobot Needs A Reboot

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

iRobot Corp. announced their second quarter earnings after the market close yesterday. In after hour trading, the stock fell double-digits after the company missed Wall Street’s estimates for sales for the second quarter and lowered its financial expectations for the full year, citing the impact of tariffs in President Donald Trump’s ongoing U.S.-China trade war.

“The direct and indirect impacts of the ongoing U.S.-China trade war and the recently implemented 25% tariffs are likely to constrain U.S. market segment growth in the second half of the year below our expectations at the start of 2019,” Angle said.

“Even as we operate in a higher tariff environment in the U.S., 2019 is shaping up to be another successful year of double-digit revenue growth and impressive global segment leadership,” Angle said.

Source

After basing near the weekly demand at $86, price not only breached the weekly demand at $86, but also breached a critical major support/resistance line at $75. Thus, the chart suggests price is heading down to the weekly demand at $54.

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.

Curaleaf Holdings Not In The Penalty Box Yet

Curaleaf Holdings, Inc. operates as an integrated medical and wellness cannabis operator in the United States. It cultivates, processes, markets, and/or dispenses a range of cannabis products, such as vape oils and concentrates.

Yesterday, the United States Food and Drug Administration (FDA) issued a warning letter to Curaleaf for illegally selling cannabidiol (CBD) induced product online to treat various ailments such as cancer, Alzheimer’s disease, etc.

While the news shook the weak hands out, those who held on saw their return for that day only down 5% after being down 14%.

Seaport analyst Brett Hundley views the FDA letter as a “non-event” for the company and believes the stock sell-off is premature. The analyst reiterates a Buy rating on Curaleaf stock, with a price target of $11.00, which implies nearly 50% upside from current levels.  Hundley commented, “We view any weakness in CURLF shares as near-term buying opportunities for investors.

Source

An FDA warning letter also known as a FDA Form 483 is issued to manufacturers or other organizations that has violated some rule in a federally regulated activity.  However, a Form 483 doesn’t mean the end of the world, just formalizes their observation in order for the manufacturer to address the issue(s) found, usually within 15 days.

So Brett Hundley might be right…the FDA letter being a “non-event.”  However, the chart suggests to wait for price fall a bit more, to the daily demand at $5.75 before going long.

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.

Snap…Continues To Snap Higher

Snap has been on a tear since Feb. 5th, when they reported their fourth quarter earnings. During the earnings call, Snap posted a narrower-than –expected loss, communicated that the number of daily active users (DAUs) have stabilized and their Collection Ads, which enable a business to showcase four products in a single Snap, drove over twice the return on ad spend versus Q4 2018.

Source

Yesterday, Snap Inc. shares spiked in after-hours trading when they reported adding 13 million DAU in the quarter for a total of 203 million DAUs.  Snap is still reported a net loss, but it’s less than a year ago and they beat the Wall Street’s estimates.  Thus, it’s all about the DAUs at this stage because they more eyeballs the can keep engaged, the more ad revenue they will generate.

Spiegel said in prepared remarks that the company is “seeing early positive results following the rollout of our new Android application.” Snap saw more than 10 percent increase in the retention rate of people who open Snapchat for the first time, and on the majority of Android devices with new users, Snapchatters are sending 7 percent more Snaps compared to the old version, “which we believe is an important leading indicator of their long-term retention,” Spiegel added.

Citing a redesign of the Snapchat app, which was controversial among users, as well as the Android rebuild, the CEO said, “Following last year’s substantial product evolution we believe that we are now better positioned for long-term success. Today, more than 75 percent of the 13–34-year-old population in the United States is active on Snapcaht, making us larger than services like Facebook and Instagram among this audience, and demonstrating the broad-based appeal of our service.”

Source

However, the chart suggests that the run up this year may soon reverse at the daily supply at $17.50.

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.

Expect Bond Prices To Continue To Rise

In December, Fed Powell said the Fed’s program to reduce the bond holdings on its balance sheet was on “autopilot.” Powell later went on and raised short-term rates another one-quarter percent.

Then in late January, Fed Powell said the case for raising rates has weakened somewhat. In addition, Powell made it very clear to the Markets and used the word “patient” eight times in his speech regarding hiking interest rates.

We are now in July and at the end of the month, the Markets are expecting Fed Powell to lower rates.  However, the US isn’t the only central bank lowering rates, it’s happening all over the world.

The era of quantitative tightening by major central banks is proving to be short lived.

Net bond purchases by the Federal Reserve, European Central Bank and Bank of Japan will swing back above zero from September, according to an analysis of their balance sheets by Bloomberg Economics. That’s just eleven months since they collectively hit reverse having spent a decade pumping stimulus into their economies via quantitative easing.

The outlook shows how quickly central banks have been forced to turn tail after spending much of last year leaning toward tightening monetary policy, only to now be looking to loosen it as the world economy slows.

Source

As rates go back down, expect bonds to continue to rise. The monthly chart suggests, on the 10 year bond, price will move higher to the monthly supply at 131’00’0.

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.

Currency Analysis Report 7/23/19 – I Think EUR/CHF Is Going To Parity

Swiss National Bank President Thomas Jordan is facing a new wall of pressure that could force him to push the world’s lowest central bank interest rate even lower.

The franc is already at the strongest in two years, and likely to move higher as the European Central Bank outlines plans for loosening. A dramatic shift toward parity could even prompt surprise action by Jordan before the next scheduled meeting in September. That’s something he’s not been afraid to do before, notably in 2015 with the shock decision to scrap the cap on the franc.

Source

The interests rate that the Swiss is pay in a minus 0.75%.  This means that you actually lose money if you deposit money in their banks.  However, the Franc safe haven status outweighs the negative interest rates given the stability of the Swiss government and its financial system.   Thus, when the global markets turn down, the Swiss franc tends to appreciate.

Which is why I’m still bullish the Swiss Franc, despite potential continued cuts in their interest rates because other central banks around the world are cutting interest rates, so it all relative and the global markets are slowing and eventually will turn.

European central banks have cut rates to history lows

It won’t be easy for the EUR/CHF to get to parity (1.000) as there are many level where buyers are waiting to battle the sellers, but I think the war will be eventually won by the seller.

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.

Overhead Caution On Nvidia

The bullish investing thesis on Nvidia (NASDAQ:NVDA), the current leader in GPUs, is pretty clear. GPUs work better than CPUs for artificial intelligence applications and as a result, the chip maker — and NVDA stock — seem well positioned in a market with what is essentially huge growth potential.

Due to its exposure to AI, NVDA stock will benefit from numerous secular growth trends in autonomous driving, big data, medical diagnostics, and more that could help lift sales and profits rise over time.

To keep its leading market share and meet bullish expectations, Nvidia will need to innovate and make better products than anyone else. Due to the uncertainty of how those products will be received, Nvidia stock has been subject to sentiment shifts. As a result of the shifts, the NVDA stock price has fallen from its late 2018 highs but is still up 23% year to date. Given the rally in 2019, is the stock a good buy now?

Source

There has been a lot of chatter on Wall Street that the semiconductors have bottomed. For example, Taiwan Semiconductor Manufacturing Company (TSM), is the world’s largest manufacturer of semiconductors, recently beat analyst estimates and signaled a rebound from the current chip down cycle.

If price is going to get to $200, it must get through this band of support / resistance.

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.

Halliburton Is Setting Up For A Short

Halliburton issued their second-quarter earnings report today.  The beat the expectations on earnings, but was short expectations on sales.

“International revenue increased 6% sequentially, confirming our expectation of high single-digit international growth for all of 2019. Momentum is building internationally and activity improvement should continue into 2020,” said eff Miller, Chairman, President and CEO. “Both of our divisions made meaningful contributions to growing North America revenue and margins in the second quarter. We are successfully executing our strategy of controlling what we can control and managing our business to perform well in any market conditions.”

Source

That was enough for the stock to receive a couple of upgrades.  Citigroup’s Scott Gruber reiterated a Buy rating and $33 price target and Stephens analyst Tommy Moll reiterated an Overweight rating and $45 price target on the stock, highlighting Halliburton’s ability to deliver “higher margins in North America despite macro headwinds.”

But here’s the problem, the Energy Select Sector SPDR ETF (XLE) is lagging the S&P 500,

and Halliburton is lagging the XLE

Although oil has risen since January lows, it’s still below $60.  Thus, there isn’t a lot of incentive for the producers to produce because they are marginally making a profit, so don’t have a lot of need for the service companies such as Halliburton.

Thus, despite the upgrades, the chart suggest to short Halliburton at the weekly supply at $25.25

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.

Are You Still Buying The Equity Bull Market???

The Dow Jones Industrial
Average, S&P 500 and Nasdaq Composite keep making new all-time highs.  So do you still believe in this Bull
Market???  If you do, well…you should because
we still are making higher highs vs. lower lows. But I want to give you some
food for thought to be careful.

Consumer discretionary to technology, cyclical stocks that typically associated with bull markets while in down turns or bear markets, consumer staples typically outperform.  However, both consumer discretionary and consumer staples sector are at all time highs…TOGETHER…HOW CAN THIS BE???

Consumer Discretionary Select Sector SPDR (ETF), XLY

Consumer Staples Select Sector SPDR (ETF) , XLP

With the US equity markets, consumer staples and consumer discretionary all all-time highs, something has to give because based on intermarket correlations, this doesn’t make any sense. This is when one has to dig a bit deeper.

 The consumer discretionary sector has consistently lagged the consumer staples sector ever since last year.

Source

For the bull market to continue to run, the discretionary sector must eventually outrun the staples or at some point we will see the equity markets start making lower highs, then lower lows.

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.

Intermarket Relative Strength Analysis Report For The Week Starting 7/22/19

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in US dollars.  Thus, the asset classes relative strength will be compared to the US Dollar.

Bitcoin

30 Yr Bond

Copper

Euro Dollar

Gold

Oil

Soybeans

S&P 500

Based on the moving averages and the last daily closing price, relative to the moving averages,

the asset classes’ relative strength, relative to the US Dollar are the following:

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.