A Shorting Opportunity On Nucor Corporation

I have been looking for a stock to short in the Basic Materials sector for weeks based on my sector analysis that I perform each week and I may have just found one.

SPDR Sector Relative Strength Analysis Report For Week Starting 6/3/19

On May 14, U.S. President Donald Trump credited hit tariffs on imported steel with rebuilding the U.S. steel industry, which he said is now “booming.” However, shares of North Carolina steel producer Nucor Corporation are down 25.9 percent in the past year, and one analyst double downgraded the stock on Friday.Bank of America analyst Timna Tanners downgraded Nucor from

Box Got Crushed – Part 2

Three months ago, I wrote about Box’s fourth quarter earnings.

Box Got Crushed

One of the highlights of the earnings announcement was the dismal outlook Box reported. One of their biggest competitors is Microsoft Corp’s OneDrive and SharePoint.  Thus, it will be difficult for Box to steal away SharePoint customers.  In addition, Microsoft is able to provide OneDrive and SharePoint to customers at a cheaper rate than Box.  Personally, I wasn’t surprised by the forecast and the chart suggested price would fall to monthly demand at $14.

Yesterday, Box reported their first quarter earnings.  Box beat on earnings and revenue estimates, but reported

Facebook Has Some Real Problems Now

Shares of social network Facebook (NASDAQ: FB) slid as much as 9.3% on Monday. As of 3:24 p.m. EDT, the stock was down 7.5%.The stock’s pullback follows news that the Federal Trade Commission (FTC) was assigned jurisdiction to see whether Facebook’s dominance harms competition, The Wall Street Journal reported.“The FTC secured the rights to begin a potential investigation of Facebook and whether it has engaged in unlawful monopolistic practices,” wrote the Journal’s Brent Kendall and John D. McKinnon, citing people familiar with the matter.“The fact that the commission formally secured jurisdiction on those issues suggests it is considering even more

John Staszak Is Completely Wrong About Las Vegas Sands

I have been following Wynn Resorts and Las Vegas Sands for more than 10 years as these two companies give me a great barometer of the how the global economy is doing.

In April, Las Vegas Sands reported first quarter earnings of $0.91 per share vs expectations of $1.04.  Nevertheless, Management stated they expect the gaming market in Macau to recover and spending $2.2 billion in Macau over the next three years.  That makes since as the game revenue in Macau dwarfs Las Vegas by a factor of 6X.

John Staszak, an analyst with Argus Research had this to say about Las

Intermarket Relative Strength Analysis Report For The Week Starting 6/3/19

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

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/3/19

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy

World Stock Market Relative Strength Analysis Report For Week Starting 6/2/19

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets

US Dollar Smart Money Sentiment 6/2/19 – A Contrarian View & Bet To The Downside

The dollar’s rally may be approaching an end as pressure mounts on U.S. President Donald Trump to strike a trade deal with China, according to Brandywine Global Investment Management LLC.The money manager, which oversees $72 billion, is banking on this view to short the greenback and buy some of the biggest casualties of the trade war, including the Australian dollar. The rationale? Trump will be compelled to make peace with Beijing to protect the interests of American consumers.But in Brandywine Global’s longer-term view, Trump’s show of hostility may be part of a strategy to drum up support among conservative voters

Building Minnows: Small SP Delegation to @anaclark + SBI Sponsoring [W5]

Still no important change regarding activity in the STEEM Blockchain…The number of active steemians keeps going down despite a little recovery experimented one month ago.

According to STEEMTOOL we are ending the week with 5165 daily active steemians that post around 8041 posts a day…

Anyway, I am fully confident it is a question of time that we will see the recovery of the activity… I think we are very dependant on the market conditions… if the market keeps growing, we will see a massive entry of newcomers and also people who has left trying to join again in the platform .

Last week I was pleased to have found a new steemian to follow straightly since her very first post, her name is @anaclark and I think she has a lot of talent for writing and describe her thoughts…

She wrote another great post which had not the great success as her first one had, anyway, I invite you to read it:

“This is My Little Ki”

@anaclarck started at steem as many others, with very poor Steem Power… actually, she run out of Resources Credits very rapidly while trying to reply some comments that she gets at one of her posts… one of the comments was mine…and she replied later on, telling that she was run out of SP…

I decided to delegate some SP to her so she can have some RC in order to interact more frequently.

Hope people like @anaclarck will find its way and remain here.

SBI Sponsoring

This week I am going to keep my @steembasicincome shares again to @marenontherun and @mrhill , and I am also adding one exceptional runner to the “party”, he is @king-cobra and he is at the doors of becoming Minnow as well so I think he can be a very good candidate for @steevc initiative #tenKminnows .

If you like running, maybe you would appreciate this post from @king-cobra:

“Running is my life” , it is an old post but a very good one.


And that’s all for this week folks!

Steem on.

@toofasteddie