Will The Russell 2000 Finally Join The Party???

On Tuesday the Fed Powell
will discuss US monetary policy and on Weds will announce whether he is keeping
interest rates on hold or dropping them.  In July Fed Powell lowered interest rates for
the first time in a decade.  Wall Street
is expecting the same on Weds, pricing in an 86% chance of a quarter-basis
point cut.

If the US equity markets are going to continue their climb higher, the Russell 2000 must fall inline.  The Russell 2000 index represents the largest 2000 small cap public companies in the US.  But in recent months the Russell 2000 have been stubborn to rise with the DOW, NASDAQ and S&P 500 as indicated by the green line.

Source

Usually towards the end of the business cycle, rising interest rates hurt smaller companies the most because they have a higher debt to earnings ratio and lower free cash flow relative to much larger companies.  Also, smaller companies are more volatile and tend to react and respond to changes in economic conditions and changes in investor sentiment first. However, if rates are going to continue to get cut, that should help the Russell 2000 to finally join the party. And based on the Russell 2000 outpacing its friends last week, I think it things a rate cut is already “money in the bag.”

Source

The iShares Russell 2000 ETF, which tracks the Russell 2000 Index of stocks with smaller market capitalizations, saw its largest weekly inflows in nearly a year during the week that ended September 6. Those inflows totaled $1.5 billion and followed a $340 million inflow during the final days of August. Since bottoming out on August 27, the iShares ETF has rallied nearly 9% compared to the S&P 500’s gain of 5% over the same period.

There is the possibility that the resurgence could be longer lasting if the Federal Reserve’s interest rate cut at the end of July is more than just a one-off and marks the beginning of a rate-cutting cycle.

Judging by history, further rate cuts would be supportive of small-cap equities. During the first year following the start of a Fed rate-cut cycle, small caps have risen on average 28% compared with just 15% for large caps, according to investment banking firm Jeffries, per the FT.

Source

Thus the chart suggests the two levels to monitor above price are the daily supply at $1630 and $1665.

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.

Crude Oil Analysis Report 9-15-19…Oil Will Gap Higher Sunday Evening

Fracking and horizontal drilling technology (which has created access to the once inaccessible shales of oil and gas) in the last 10 years has made the US a major player in the world of oil production.

fracking graphic

Source Image 

The technology has bee so beneficial to the US, that in 2018, the US become the number one producer of oil in the world.   However, I can’t leave Saudi Arabia out of this conversation.  They are the number two producer of oil in the world at 12.4 millions barrels/day.  As you know, the price of oil is probably one of the clearest examples of supply and demand. So say the oil rig count goes up in the US or Saudia Arabia increases oil production, the price of oil is surely to go down.  However, if the oil rig count goes down or if the oil pipelines are sabotaged, supply will take a hit and oil prices will rise. This past Sat, drones attacked Saudia Arabia oil pipelines.

Drone strikes on key Saudi Arabian oil facilities, among the world’s largest and most important energy production centers, have disrupted about half of the kingdom’s oil capacity, or 5% of the daily global oil supply.

Yemen’s Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.

In a statement on Sunday, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said that 5.7 million barrels a day of crude oil and gas production have been affected. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.

Source

So at the open on the crude oil futures Sunday at 6 pm eastern, I expect price to gap up,

but I have no idea if price will fill the gap that day because price is still within a $5 range going back to the beginning of August.

Thus the chart suggests to play the extremes, until they are broken, but always keep in mind of the bigger picture.

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.

Facts…

I feel as I have been one of the most critical steemians regarding the possible negative consequences concerning the deployment of the HF21 but now I have to say that I like what I see, despite the evident reduction on the number of posts we can see in our FEED page.

The truth is that, putting aside the controversy of what I think is a very drastic Rewarding Algorithm which penalizes posts that do not reach a certain threshold of upvotes (see chart below), the downvote solution is really fixing the blockchain from abusers and also the number of spamming posts has dramatically reduced as well.

Threshold is currently at $3, below you are getting less in author and curation rewards

It’s a fact that big stakeholders are doing now greatly but also is a fact that if you are a consistent steemian I am sure you have benefitted as well for the whole update.

Take my example, now that we are more or less close to the equator of the month.

Before HF21, I used to get 8 SP a week in Curation while in Author Rewards the value was around 60 SP a week…

Today, without changing my overall posting and upvoting behaviour, things are going much better in overall for me.

  • My curation rewards have increased to around 15 SP a week, which is almost double the old rewards.

  • My Author Rewards are dancing around 62 SP a week as well so, no reduction on this aspect or even getting a little more than before…

To tell you the truth, I don’t know how I managed to sustain those Author Rewards… I have powered up around 700 STEEM lately but this cannot explain this good value. Certainly, the huge reduction of the number of posts published has something to do with this. There are less content to be discovered and so there are a higher likelihood to be nicely upvoted by bigger stakeholders. Also, the downvoting effect is returning STEEM to the rewarding pool so, if you are an active steemian you have more chances to be rewarded too.

Redistribution of power have not finished yet

The market is hitting STEEM and the rest of the altcoins very hardly, that’s for sure. We have less activity at the blockchain not only due to the effects of the past HF but also because the permanent decay of the STEEM price.

But, you know, I am totally sure now that the problem is not STEEM. The problem is the situation of the whole market itself which is cyclic.

It’s really painful to see day after day how we loss price…but also it is a fact that as soon as we get out from the bears, not only BITCOIN but the whole cryptosphere will resume the uptrend…

…and then, it will be very difficult for everyone to “build” the STEEM POWER you need in order to take profit of the uptrend conditions of the market. I am sure many will then try to buy STEEM again at any price and so, we will have another SUPER FUD PUMP there.

The best we can do now is…

  • To keep posting, publishing your thoughts, amazing ideas, photos and creations
  • Try to do your best to engage with the audience. Work on your network. Buy some BEER token and provide them to your best commenters and followers for instance.
  • Build your STEEM POWER as much as “morally” possible… I am buying small quantities every now and then at the lowest prices we have seen during the last 2 years. Remember 50 Euros = 350 STEEM at BITVAVO , PEANUTS!!!! I have bought the same quantity at more than double that price 1 year ago!!!
  • Invest on TRIBES that you like in a wisely manner. For instance, If you are a sport lover, use #sportstalk as a tag, check the trend page and your wallet account at https://www.sportstalksocial.com/ , use the voter (@sportsvoter) there in order to “burn” SPORTS token there and obtain some STEEM in your sport related posts… The same for other tribes, LEO, PALNET, NEOXIAN…all of them are here to help us.
  • Share your best posts at other social media as Tweeter, FB and the like
  • Vote PROPOSALS that develop the STEEM ecosystem (https://steempeak.com/me/proposals )


These are only a few things you can do, I am sure there are many things and ways to keep growing at the STEEM blockchain but the most important is always related with your level of ENGAGEMENT.

Keep on growing!

@toofasteddie

EOS Price Showing Signs of Strength

EOS is testing resistance again as we speak. After making a run at the 3.90 area it took a little breather before making this next attempt.

What I like is that we only saw a very modest pullback on very light volume the past few days before today’s push.

There are no guarantees we see price breakthrough, but if it does then 4.20 and 4.60 are the next upside targets I am watching.

As for the downside, I’d like to see price hold 3.70 so that this higher low that was just put in remains valid.

Crypto Contest September 14: Vodi X

Vodi X (Bittrex: VDXUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Vodi X began a wave one advance on September 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 10, and the red wave two (blue sub-waves a-b-c) correction ended on September 12. If this wave count is correct, Vodi X should be heading next towards the September 10 peak in the red wave three.

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

Funnymentals

Vodi is a mobile platform boasting 5+ million users in over 200 countries and is tokenizing its ecosystem by launching Vodi X. You can watch their latest update below.

(Sources: Vodi X and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

Here’s Why You Always Add a Buffer to Your Reno Budget

If you have done a couple large renovation projects then you know what I’m talking about.   When estimating rehab costs – always add a buffer on top of your total number.

Here’s Why You Always Add a Buffer to Your Reno Budget

This isn’t about how good an investor is at estimating the costs of repairs and replacements.   Most of us can get good at that with some experience.

This is about the stuff that you generally can’t foresee. The stuff that just pops up, and trust me there will be things that pop-up.  Especially if you are working with properties that are much older.  In fact, the older the property the more likely you will have “surprises.”

Real Life Examples

I’m going to keep it simple and give you a “cheapie” I’ve personally experienced so not to scare you off.  Just know, the surprises can range much higher is cost.

This is one of the reasons I stress performing as much due diligence on a property as you can before purchasing.

There are many “surprises” that can be avoided – then there are some that are just part of doing business.

My latest example fits into that category.

Main Water Valves and Sleeves

We are finishing up a major renovation on a property that was built in 1901.  However, along the way we got caught with a few surprises.  One of which had to do with the main water shutoff and the sleeve pipe that runs to the water department’s main valve.

Long story short is the sleeve had become so cockeyed that it was not possible to access the valve to turn it back on.  Considering you need water in a home this was a bit of a must fix.

The real question was – is the sleeve bad or the valve too.   Either way we needed to have a qualified operator come in a do his thing to repair.

After widening the opening to the exterior piping/valve and doing a little digging out the earth he was able to access the sleeve to replace and test the valve.  

Good news – valve was fine.  Bad news – sleeve needed to be replaced.  $1200 later all is good an we can got water turned on.

Unexpected cost, yes, but at only $1200 feelt like a win.  Here’s the things though.  What happens when you have 4 or 5 items come up that cost that?

Since this property was so old that is exactly what happened because things needed to be up to code.  Replacing the side door entrance became a $1500 costs instead of $300 because of all the layers of siding that had been slapped on over the decades.  The flashing had been bumped out so far it was a mess and we basically needed to re-frame it.

These examples are the cheap ones.  I have heard plenty of stories from other investors that got hit with $5-10K “surprises.”

Add a Reno Budget Buffer

This is why on the majority of big rehab projects I always slap an extra $10K on my total expected budget.

If the numbers still work with that then I know in the end I should come out in decent shape and better yet, if the “surprises” are limited or not existent than the deal becomes even more profitable.

Always be working your numbers and buying right!

To get the full guide on how I buy right check out the videos or the book.  Remember to use the property calculator when analyzing deals!

Earn upto $13 within a week or two on Uptrennd

If you still haven’t signed up on Uptrennd,sincerely your missing.

Uptrennd is a platform like Steem where you earn in various ways such as content creation.

I just withdrew 1170 1UP token worth $18, which you can actually earn within a week or two. Here is a proof to the transaction. 1UP token is listed on Coinmarketcap and can be traded on IDEX Exchange.

Screenshot_20190913-152840.png

https://etherscan.io/tx/0xd7f1b6d04e5675cf1e95f6069d07f5f7d57c60c672ad56ea2ebeaf40152afdd9

If interested, You can also earn some cash just by posting on the platform.

You should be able to make nothing less than $13+ within a week or two depending on how active you are there.

Click here to register

https://www.uptrennd.com/signup/Mzc3Ng


NB: We both get 100 1UP ($1.6) for using my link to signup

Here are other proofs to show you that Uptrennd pays it users really big

https://www.uptrennd.com/post-detail/received-3rd-withdraw-from-uptrennd-now-i-can-pay-university-fees-easy~NDUzNDc=

https://www.uptrennd.com/post-detail/successfully-trade-first-time-on-idex~NDkxMzU=

https://www.uptrennd.com/post-detail/uptrend-payment-approval~NTI1MDI=

Click the Link below to know more about how Uptrennd works

https://www.uptrennd.com/how-it-works

Could not refrain myself from…

buying again this bargain!!!

353 STEEM for only 50 Euros?

Now waiting to get them on my Steem account and put them all “to work” for me 🙂

I remember I bought a very similar quantity of STEEM 1 year ago… at that time I spent 5 times more Euros, around 250 Euros if I am not mistaken… Then I thought it was really a good moment for buying STEEM after a long correction…Obviously I was wrong and the market kept falling down even deeper…

But I did not care at all since that “derisive” amount of bought STEEM finally helped me in order to grow up my account, since I invested it in different projects and opportunities… The compounding effect multiplied the Steem Power rapidly…

Now I am buying again more or less in a regular basis, in small quantities taking advantage of the sudden lows that come and go while BITCOIN defines the destiny of the whole market. Last time was 2 weeks ago… again 50 Euros sent to BITVAVO directly from my Bank account, getting 303 STEEM and paying a fee of 0.13 Euros. Today I did the very same action getting 50 STEEM more in comparison…

Personally, I cannot see better moment to buy STEEM than nowadays but I prefer to do it in small quantities and enjoy from “Bargains” further more…

Slowly but surely, growing towards the 10000 SP…

@toofasteddie

Crypto Contest September 13: Contentos

Contentos (Binance: COSBTC) 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, Contentos began a wave one advance on August 5. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 8, and the red wave two (blue sub-waves a-b-c) correction ended on September 12. If this wave count is correct, Contentos should be heading next towards the August 8 peak in the red wave three.

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

Funnymentals

Contentos is a decentralized global content ecosystem. You can watch their intro video below.

(Sources: Contentos and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

Bitcoin Moves: Quick Update

In my last update we discussed a likely bounce around $9,950 to confirm a falling wedge on smaller time frames. Today, we’re seeing that bounce. If you took the trade, congratulations!

Screen Shot 2019-09-12 at 10.18.09 AM.png

In this update we’ll discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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