Log in

Tag: steemleo

UPS Was Downgraded Because…

July 30, 2019 Published by

Amazon Air includes 50 planes and several new regional hubs, including a $1.5 billion hub opening in northern Kentucky in 2021.   Amazon’s play into logistics and shipping is so they can lower their shipping cost and control their destiny of getting that package to your house…the so called “last mile.”  Amazon even had the nerve to in their 2018 annual financial filing to list “transportation and logistics services” as competitors for the first time.  However, according to UPS Amazon is years away from this happening.

UPS Inc. (NYSE: UPS) reported on Wednesday, July 24 that next-day air volumes in its second quarter surged by 30 percent over the year-earlier period, a pace of year-on-year gains that no one can ever recall. The numbers were likely skewed by volumes from e-tailer Amazon.com, Inc. (NASDAQ: AMZN) which migrated to UPS after FedEx Corp. (NYSE: FDX) said in early June that it wouldn’t renew its U.S. air services contract with Amazon.

Still, coming on the heels of UPS reporting an 8 percent year-on-year increase in the first quarter, Wednesday’s results indicate that after 20 years in the desert, next-day air has found a trend – namely the push toward one-day delivery spearheaded by Amazon’s move to compress delivery commitments for users of its “Prime” service – it can sink its teeth into.

Source

However, UPS was downgraded by Stifel’s today with a $118 target price.  Stifel stated that investors may want to consider waiting for a better opportunity to buy the “large, improving cash flow machine” of a company. Was the downgrade, random or planned? The downgrade occurred right when price came into daily and monthly supply, so the downgrade wasn’t random….this is just how Wall Street works.

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 30: Cryptaur

July 30, 2019 Published by

Cryptaur (HitBTC: CPTBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, CPT began a wave one advance in August 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2018, and the red wave two (blue sub-waves a-b-c) correction ended on July 21 this year. If this wave count is correct, CPT should be heading next towards the October 2018 peak in the red wave three.

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

Funnymentals

Cryptaur is a social marketplace powered by blockchain technology. They are going to announce something exciting soon.

(Sources: Cryptaur and Medium)

How can I vote? Where is the contest?

You can vote by following this link.

Are All Semiconductor Companies On Fire???

July 30, 2019 Published by

The Semiconductors have been on fire as of late.  Taiwan Semiconductor Manufacturing Company (TSM) is the world’s largest manufacturer of semiconductors beat analyst estimates for sales for this past quarter and signaled a rebound in the chip sector.  Memory chipmaker Micron Technology (MU) reported better-than-expected earnings and say it expects demand to recover in the second half.

But are all Semiconductors on fire.  Off the top of my head, I would say no and suggest stick to the name brand semis.  However, a fellow mate wanted me to look at three semis: NVIDIA Corporation (NVDA) and Himax Technologies, Inc. (HIMX).

NVIDIA Corporation (NVDA)

Nvidia needs no introduction, but just to remind you, not only is Nvidia the leader in gaming, but also the leader in supplying chips needed for artificial intelligence and high performance computing the data center arena and driverless vehicle market.  NVidia was once up over 300%. However, NVidia sold off with the Markets from its all-time high of $289.39 per share back in October.  Nevertheless, the stock is up over 20% YTD.

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.

Source

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

Himax Technologies, Inc. (HIMX)

Himax fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, the United States, and internationally.  The company creates semiconductors for touch screen displays, microdisplays like smart glasses and VR goggles, images sensors for cameras, and more. However, its down over 60% the last several years and was down 61% in 2018.  But as some of the new technologies continue to develop, Himax products may soon be more in demand.

First and foremost, its CMOS image sensor business is a promising one. As the world looks for better ways to secure and protect arenas, airports, train stations, and more, Himax may be working on the solution.  In fact, the company is working on a machine-vision sensor product line with Emza at the moment. Essentially, machine vision gives an automated way to detect threats in these areas, and considering the market at the moment, demand for its WiseEye AIoT intelligent vision solution could see momentum. There’s also promise in the LCoS business, which is being used in Google’s AR device. While the device from Google may not generate significant revenue for a few years, the product is slated to be met with high demand and gives the company the ability to boost margins in the long run. Finally, the company’s 3D sensing arm could see strong demand as smartphone manufacturers look to include the latest and greatest technologies in their upcoming product launches.

Source

Right now price is at a major monthly support/resistance line at $3.25.  If this level doesn’t hold, the chart suggest price will head down to the monthly demand at $1.40 where is would be selling at a major discount.  Even if the $3.25 level holds, the next test would be the $5.15 level. I personally would think it would be a buy above $5.15 and a bigger buy at $1.40.

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: What’s your bet…

July 29, 2019 Published by

Since volume keeps on diminishing and trading activity slows down due to narrowing prices I am trying to get the most positive scenario thus I am considering the possibility of being in a “Falling Wedge” Pattern:

The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. (Source)

If this pattern is triggered, the most likely result would be the continuation of the trend previous to the pattern, so UPTREND…towards 14000 USD.

But then, you have another pattern in formation, this time is the other face of the coin…

Yep, a very bearish pattern here, pointing towards 4800 USD.

In my opinion, nowadays we have a 50/50 chances on one of the both options so, very difficult to take a decision now… we have to wait for one of the two get triggered and follow the trend.

What about you?

Let’s see what is the opinion of the audience here.

I am curious to read what is your opinion about which of the two proposals are more likely to happen next. I will upvote all the comments on that regards.

Enjoy!

@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.

Forex $1 MM Challenge (7/29/19) – Recent British Pound Trades

July 29, 2019 Published by

The pound is the major talking point as we begin the new week as the currency falls to fresh 28-month lows amid increasing chatter of a no-deal Brexit by Boris Johnson’s ‘dream team’ since the weekend.

Gove got things started by saying that the government is now operating under the assumption of a no-deal outcome and Raab kicked things into overdrive by pointing the finger to European leaders, thus turbo-charging the pound’s decline.

Source

The British Pound has been bearish since mid-March and although price is near higher time frame demand zones, in recent days I shorted two pound pairs on pull backs. Because price is near higher time frame demand levels, my targets are what I consider pretty tight.

Forex $1 MM Challenge – Trade #18 (7-25-19) Sold GBP/CHF

Monthly Chart (Curve Time Frame) – monthly supply is at 1.47000 and monthly demand is at 1.22000.

Daily Chart (Entry Time Frame) – although price is in higher time frame demand, the chart suggests price can move lower and to short price at the daily demand at 1.23900.

NOW

Forex $1 MM Challenge – Trade #18 (7-19-19) Sold GBP/CAD

Monthly Chart (Curve Time Frame) – monthly supply is at 1.90000 and monthly demand is at 1.58000.

Daily Chart (Entry Time Frame) – the chart suggests to short price at the daily supply at 1.64000.

NOW

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.

Mohawk Industries Inc. Just Got Scalped

July 29, 2019 Published by

Mohawk Industries, not a household name, but Mohawk Industries is a leading global flooring manufacturer for remodeling and new constructions of residential and commercial markets. From carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring, Mohawk supplies it. Its core brands include: American Olean, Daltile, Durkan, Karastan, Marazzi, Mohawk, Pergo, Unilin, Quick-Step and IVC.

Mohawk Industries Inc. reported their second-quarter earnings on Friday.  They beat profit expectations, but missed on revenue.  In addition, forecasted a dismal third quarter.  The news was enough to send the stock down double digits making them the biggest decliner listed on the NYSE.

Mohawk CEO Jeffrey S. Lorberbaum said in a statement that “most markets we operate in remain soft, with pressure on volume and pricing, and we anticipate the environment to remain difficult.”

Lorberbaum said Mohawk is taking action to address the uncertain business environment, with plans to streamline operations, consolidate facilities, and take out higher-cost assets. “We are reducing overhead structures and controlling investments,” he said. “We are improving our administrative costs while investing in sales to support new products and enter new geographies.”

Source

Given the recent news on the state at Mohawk Industries, the chart suggest price is going to retest the weekly demand at $105.

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 29: Blue Whale EXchange

July 29, 2019 Published by

Blue Whale EXchange (Bittrex: BWXBTC) 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, BWX began a wave one advance on July 22. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 23, and the red wave two (blue sub-waves a-b-c) correction ended on July 27. If this wave count is correct, BWX should be heading next towards the July 23 peak in the red wave three.

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

Funnymentals

Blue Whale EXchange is a decentralized ecosystem for the self-employed. You can watch their intro video below.

(Sources: Blue Whale EXchange and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

The Bitcoin Chart Scares Me With Some Deja-Vu

July 28, 2019 Published by

When I look at the daily chart of bitcoin and I see the price action of the past couple months, then I look at the 2017/2018 top and think….”wow, that look’s a bit similar.”

Will Lightning Strike Twice – Probably Not

Here’s the thing.  Even though the chart doesn’t look great I also don’t see how we crash the way we did a year and a half ago.

The same ingredients do not exist.  The move has not been crazy, the general mom and pop is not talking about bitcoin at your local diner and there isn’t a ICO shit coin craze.

Where can we go though?

We can certainly go down a bit still.  If you look at the chart, basically it has made an “h” looking pattern which leads to lower prices many times.  That’s just odds though, doesn’t mean it will happen.

A move down to 8,500 and evan 7,500 would still be ok on a technical basis.  I wouldn’t consider that bearish as 7500 is a clear bottom when looking at a weekly chart.  As long as it tested and rallied off that I’d still be bullish.

Let’s hope we don’t have to even play it out.

On the upside, getting above 9,800 and pushing toward the 11k mark is the bullish price action we need.

I honestly believe it’s anyone’s guess which way the next near-term move is.

I’m keeping some fresh powder available in case we do get an opportunity to buy lower…otherwise hodl’ing my bag.

Crypto Contest July 28: Abyss Token

July 28, 2019 Published by

Abyss Token (HitBTC: ABYSSBTC) 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, Abyss began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 9, and the red wave two (blue sub-waves a-b-c) correction ended on July 21. If this wave count is correct, Abyss should be heading next towards the June 9 peak in the red wave three.

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

Funnymentals

The Abyss is a platform where gamers can play games, socialize and get rewarded. Journey to 100k reviewed the platform in May this year.

(Sources: Abyss Token and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

IRS Sending Letters to “Educate” U.S. Crypto Investors

July 27, 2019 Published by

Let the fun begin for those of us in the United States.  According to a notice by the Internal Revenue Service (IRS) more than 10,000 people will be receiving letters to educate them on their tax liability on cryptocurrency transactions.

Here is a quote from the notice:

“Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,” said IRS Commissioner Chuck Rettig. “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.”

There are three variations: Letter 6173, Letter 6174 or Letter 6174-A, all three versions strive to help taxpayers understand their tax and filing obligations and how to correct past errors.

The letters will begin going out toward the end of August.  Let me know in comments if you end up getting one of these letters.

 

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

Latest Media