Log in

Tag: steemleo

Nifty 50 Is Going Down To 10,000

July 31, 2019 Published by

The NIFTY 50 is an index that benchmarks India’s stock market index representing the 50 of Indian’s top public companies in 13 sectors. The NIFTY 50 is about to have their worst monthly of the year and the chart suggests there is more downside risks.

The NIFTY 50 just closed below the 200 exponential moving average (EMA – yellow line). The 200 EMA is considered a key indicator by traders for determining the overall long-term trend. 200 EMA also used as major resistance line when price is below the 200 EMA.

Price is on the verge of breaking down and below the long up trendline dating back to 2016.  Trend traders will now start to come out from under their rocks and look to short the NIFTY 50 once they receive confirmation.

Although divergence is not an indicator based on a mathematical calculation, I believe it’s one of the most powerful indicators to a trader/investor.When people talk about divergence they are referring to the difference in movement between an oscillating indicator (i.e. MACD, CCI, RSI, Stochastic, etc.) and the price action.

Negative divergence occurs in an uptrend when the price action makes higher highs that are not confirmed by the oscillating indicator. This indicates a weakness in the uptrend as buying is less intense and selling or profit taking is increasing. And when negative divergence happens on monthly chart, watch out.

Thus, one possible set-up is if price can drop a bit more, it would have formed a nice daily supply zone at 11,300. Thus, my projected price action projectile is the following to 10,000, which happens to be a major support line and a psychological round whole number.

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.

BITCOIN: I would not…

July 31, 2019 Published by

…get long yet…

The Volume has not change since a few days, we are still moving around 16 Billion in the 24h Volume which is more or less the same we had yesterday and the week before so, it is very likely we have a Bull trap here…

Additionally, we have a Triple Top at 10100 USD which is bearish so…unless BTC crosses that resistance I would not bet for an spectacular bull run now…

In my opinion, if not temporary sideways, BTC would move in the direction of the lower support, searching the (e) point on which it should rebound strongly (around 8500 USD) because if not, the threat of having a very BEARISH Scenario would get a higher likelihood of occurrence.

As I said, it is better not to enter now and see what happens in the coming days… this is a moment of high uncertainty and risk…

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Domino’s Pizza…Now I Really Understand

July 31, 2019 Published by

Two weeks ago Domino’s Pizza (DPZ) posted weaker-than-expected sales during the second quarter. Same-store sales grew at 3% vs expectations of 4.6% domestic. Same-store sales internationally grew 2.4%, but also missed analyst expectations for 2.6% growth. On the news the stock price was fell 9%.  This marks the second consecutive quarter where Domino’s disappointed Wall Street. 

Same store sales decreasing is indirectly part of Domino’s “fortress” strategy.  Domino’s is under attack by the food delivery companies in which stay at home diners have a lot more options at their disposal.  So Domino’s is aggressively adding store at the sacrifice of existing stores the clear risk of saturating its existing territories.   The “fortress” strategy is to control the experience of getting the pizza quickly and hot to the customer.  I could understand getting the pizza there quickly and now I completely understand why they won’t to deliver their own pizza.

U.S. Foods, one of the country’s biggest food services companies, conducted a survey of over 1,500 American adults who use food delivery apps and 497 food delivery workers to highlight the emerging industry.

One jarring finding: 28% of deliverers said that they have actually eaten food from the orders they were supposed to deliver.

The biggest complaints among customers? Food that’s not warm and fresh took the top spot, followed by late food and incorrect orders. And in order to ensure freshness and quality, 85% of customers said that they would like the restaurants to provide tamper-evident labels.

Source

Not only do I love Domino’s pizza, but I love how they use technology to stay ahead of the competition.  I do anticipate them finding their lane within this growing new field of food delivery longer term.  However, short term, the chart suggests, the stock price has room to  fall to the weekly demand at $227.

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.

Unusual Options Activity In Bed, Bath and Beyond – Part 2

July 31, 2019 Published by

Five months ago, I wrote,

Unusual Options Activity In Bed, Bath and Beyond

After the earnings announcement in January, I was itching to short Bed, Bath and Beyond through put options, but I decided to wait in case there was more upside in the price. However, yesterday, I noticed some bearish unusual option activity. The Smart Money bought over 30,000 May $14 strike put options.

What I also like is the position already established in the $12.5 strike put options as well. Lastly, what I like about the duration is the May options won’t expire before Bed, Bath and Beyond announces their next earnings in April. However, if the Smart Money is going to be right, price must breach the weekly demand at $14.50.

Needless to say, the Smart Money got this one right as well as price breached the weekly demand at $14.50 before the May put options expired.

The Smart Money is at it again. Yesterday I noticed the Smart Money bought over 10,000 put options expiring on September 20th.

Based on the previous measured move, the more recent leg down has ended. However, never bet against the Smart Money as they are typically right most of the time. The become profitable at or below $7.70. Estimated profit is 3X-4X based on the at the money puts option premium.

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.

Crypto Contest July 31: MediBloc

July 31, 2019 Published by

MediBloc (Bittrex: MEDXBTC) 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, MediBloc began a wave one advance on November 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 13, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on July 17 this year. If this wave count is correct, MediBloc should be heading next towards the November 2018 peak in the red wave three.

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

Funnymentals

MediBloc is a personal healthcare information ecosystem built on blockchain. Their mainnet was launched just two hours ago.

(Sources: MediBloc and Medium)

How can I vote? Where is the contest?

You can vote by following this link.

Can Under Armour Return To The Glory Days??? – Part 2

July 31, 2019 Published by

I wrote about Under Armour three months ago,

Can Under Armour Return To The Glory Days???

Under Armour (NYSE: UAA) used to be the IT company on Wall Street with years of sales growth great than 20%, but things went left in 2017 when sales started slowing down. The end result was company struggled to manage inventory and saw margins decline when it had to sell surplus product at heavy discounts.

That’s when Under Armour put together turn around strategy which focused on inventory control and implementing a whole new strategy for product development.

Price is clearly in an uptrend based on price making higher lows. However, based on the immediate levels in play, the weekly zones, the turnaround story might be short lived.

Under Armour reported second-quarter results on Tuesday that didn’t quite meet Wall Street expectations.  Although they the company maintained their forecast for the full year and international sales grew in the low double digits, revenue in North America grew only 1.5%.  Needless to say the stock price sold off on the news, just $0.44 away from the bottom of the weekly supply at $26.

The company attributed the lackluster results were due to softer-than-expected demand in its direct-to-consumer channel, meaning lower traffic in physical stores and lower conversion rates online. Since price is in the middle of both weekly zones, the one of the better plays right now would be to put on a iron condor, if you can get the right amount of premium. However, because of the volatility collapse after earnings, you may have to go out at least three months to find the right amount of premium.

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.

Will The Halving Event Be the Catalyst For Litecoin’s Next Leg Higher???

July 30, 2019 Published by

Litecoin has had a great run this year as it was once up over 300%.  However, like all Cryptocurrencies in July, Litecoin has also pulled back as well.

With the halving event one week away, will the event help Litecoin price leg up like it has in the past?  The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. It’s a simple supply and demand equation and should make owning Litecoin more valuable.

After hitting the daily supply at $137, Litecoin has pulled back almost 50%, but has since bounced off the daily demand at $75.  The chart suggests it’s going to be tough for the halving event to serve as the catalysts for the next leg up because recently the buyers failed to take out the sellers.

In additional, even if the daily supply at is taken out, the buyers have another battle with the sellers at the daily supply at $124.

The chart suggests this time around the halving event served as a buy the rumor, sell the news type of play.

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.

My opinion regarding creating different accounts to upvote with different tokens…

July 30, 2019 (updated July 30, 2019) Published by

I have seen many steemians that I follow creating alternative accounts in order to upvote with the different steem-engine tokens airdropped during the last weeks.

I confess I also created one in order to deviate the Good-Game tokens I received, on which I feel as not identified myself with the trybe created, in order to upvote with it to certain accounts, mostly in automatic fashion using the amazing tool created by @holger80 called Steemrewarding and following the idea of @abh12345 .

There are people that have created dozens of these alternative accounts and, despite I appreciate the upvotes coming from them, I don’t think the main aim of the Tribes was thought to reward people in “automatic”.

The main “aim” is to support those persons that fit your interest on a particular tribe by manually curating , and mostly, if you feel that the post deserves to be upvoted.

If these people you follow is rewarded with an alternative account but not with your main, sometimes happen that the “prize” you are giving or demonstrating towards your “colleague” is somehow very little indeed.

That’s why, after having tested my alternative account on Good-Game tokens (GG) I am not going to further create alternatives accounts, if I follow you and I find that you deserve my upvote I will reward you with all the tokens ascribed to the post, including STEEM, PAL, LEO, SPORTS, ZZAN, CCC, STEM or whatever the tribe!

What I am not going to do is to upvote you with @toofasteddie.porn and then with my main account because, besides to be a really waste of time, that’s not the aim for what Trybes have been created IMHO.

However, this is my personal opinion and maybe yours may differ.

Surely this is not the best approach for having an excellent ROI approach but, I don’t care. I have so much work lately that I don’t think the prize of doing it deserves my effort…

Don’t become crazy man!

@toofasteddie

p.s: I think I should use #creativecoin here… at least it has been original, hasn’t it?

I have to say that I am not in favor of doing such a thing

How One Guy CRUSHED IT Trading Beyond Meat

July 30, 2019 Published by

Active trading is more than just reading charts.   Sentiment, news announcements and sometimes just simple logic can all play a part in making a trade, especially one that offers a big move.

That’s what Guy Gentile did trading Beyond Meat (BYND)

How One Guy Crushed It Trading Beyond Meat

Beyond meat is a meatless food company (think burgers, etc.).   They had an initial public offering back in late May and the stock had basically skyrocketed since.

The hype around the company and stock was a big part of that.  Kind of like anything “new” that gets the “this is the next big thing to boom” vibe throughout the masses.

Granted meatless food products isn’t new, but they have a burger that is apparently very good and used that fact to expand like crazy and then raise a ton of money to fund it.

Either way there were plenty of signs, that atleast in the near-term the stock was far ahead of itself.

Higher Valuation Than JetBlue and Coors?

As shared in @rollandthomas post has beyond meat seen its best days the value of beyond meat had blown past some rather larger companies that do way more business such as beer maker coors and airline operator jetblue.

I’m sure the meatless burger is good, but can they sell enough to generate more revenue than the two companies above?

The chart also gives us a nice indication that things may be a bit ahead of themselves…..

There is always a Catalyst

As you can see the stock ripped higher into earnings and gave us a nice doji candle meaning the buyers were not fully in control anymore.

Now it was just a matter of what happened at earnings.  Here is the thing though, the hype around the stock was so high that even an earning beat might mean a sell off.   Buy the rumor sell the news is a mantra for a reason.

Shorting with Leverage and Safety to Crush It

Mr. Gentile made a big play with the use of options (which is good cus it establishes your risk up front) by buying weekly put options heading into the earnings announcement.

If the stock goes down he has the right to buy the stock at those lower prices or he can just sell the put option for the higher valuation it has at that point.

With the stock trading around 230 on Friday he bought 230 strike prices down to the 215’s in 5 point increments, thousands of them.  If he was right he gets paid.  If he was wrong he loses only what he spent no more.

Well, he was right and the stock is down 30 plus point from Friday’s close.  Just booking the profits by closing out those put options is a homerun.

However, he leveled up (and did take on my risk) by selling a bunch of the 220 calls that expire this week.  Basically if the price of BYND closed below 220 this friday he will also keep all the premium collected from selling those calls.

Conviction Meets Size

There are times to make regular trades and times to load up.  He saw this as a time to load the truck up and get paid.  You won’t always be right, but to make real money actively investing you need to take the occasional big swing when all the signs line up.

Just be sure that if you are wrong it doesn’t knock you out of the game.  Never put yourself in a position where one trade can blow out your whole account.  Always live to trade another day.

You can read a detailed article about the trade including an interview with Mr. Gentile here:

Guy Gentile Made $4M In Beyond Meat, Sees 50% Downside By December

 

Has Beyond Meat Already Seen It’s Best Days???

July 30, 2019 Published by

Beyond Meat priced its initial public offering at $25 and now the stock is up more than 800% since the IPO.  Beyond Meat, a maker of plant-based meat products is the new IT THING on Wall Street because they are trailblazing a new secular movement away from animal protein.

Beyond Meat had their second
quarterly earnings announcement yesterday. 
Although they reported a second quarter loss of $9.4 million, sales
nearly quadrupled from a year ago.  In
additional, Beyond Meat raised its revenue guidance for 2019 to $240 million on
Monday, up from more than $210 million previously.

“Growth in net revenues for the second quarter of 2019 was driven primarily by an increase in sales of the Beyond Burger, expansion in the number of retail and food service points of distribution, including new strategic customers, as well as greater demand from our existing customers,” Chief Financial Officer Mark Nelson said in a conference call Monday afternoon.

Source

However, shares tanked in after hours trading after they announced that it would be selling an additional 3.25 million shares of common stock.  Three million of these shares are held by current stockholders, and 250,000 shares will be newly issued and are set to trade on August 1. Although the additional shares dilute earnings/profits, the money will go towards expanding the business.

However, it didn’t matter as investor took profits and short sellers took the opportunity to short the stock because they say the stock price as being overvalued.

That valuation is higher than that of roughly 25% of the companies in the S&P 500 index, including decades-old industry stalwarts like Molson Coors, Viacom, Under Armour, and JetBlue. At its Friday morning levels, Beyond Meat’s market cap was twice the size of Macy’s.
 
But while investors might still be hungry for this stock, experts’ appetites are starting to wane.
 
“My understanding is it’s a good product, but … from a valuation standpoint, it’s beyond ridiculous,” Quint Tatro, chief investment officer at Joule Financial, said Thursday on CNBC’s “Trading Nation.” “The company is trading at 100 times sales, 300 times cash, so … it’s not a matter of whether it’s justified at this price. It’s can they actually keep growing to justify this valuation?”
 
For context, Microsoft — which, at over $1 trillion, is the most valuable company in the market — trades at eight times sales and eight times cash. Amazon, a $970 billion company, trades at about four times sales and 20 times cash, Tatro said.
 
All in all, his thesis on Beyond Meat is simple: “It’s a no-touch.”

Source

Personally I think it was a great move to raise capital to expand aggressively because the competition is coming. If you believe Beyond Meat is a 10 year story vs. the latest fad, there are two daily demand zones to pay attention to for an opportunity to go 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.

September 2026
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

Latest Media