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Tag: Stocks

Cancelled Two Forex Pending Orders

January 14, 2019 Published by

It’s January 13th and I have yet to place a trade in forex 2019. By no means is it due to the lack of volatility. For example, when Apple pre-announced two weeks ago, the Japanese Yen pairs went bonkers. For example, just look at what happened on the USD/JPY.

The pre-announcement occurred after the US session close. During the period between the US close New York and the Tokyo open in Tokyo, few human traders are involved in the forex markets. More than likely the flash crash was algos sniffing the internet for news and sold the Markets when Apple

American Airlines Sounding The Alarm Too

January 13, 2019 Published by

Two months ago I wrote a post calling the tops in the Transports,

I’m Calling The Top In The Transports

The charts are telling me the top is in on the Transports. The iShares Dow Jones Transportation, IYT, is exchange-traded fund that is highly correlated to the Dow Jones Transportation Average. The index includes companies within the trains, planes and auto…I mean trucking sector.

Last Week, Delta became the first airline to sound the alarm. Shares of Delta Air Lines finished 9% lower yesterday after they trimmed their revenue forecast for the fourth quarter. They also cut their growth estimate for revenue per

Crucial Week For The Banks

January 13, 2019 Published by

The Financial Select Sector SPDR® Fund seeks to provide precise exposure to  companies in the  diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); consumer finance; and thrifts and mortgage finance industries.  The top holdings include:

Source

Raymond James downgraded 13 banks on Monday and lowered earnings estimates for most banks citing downward revisions to net interest margin and slowing loan growth.

Banks make loans to borrowers at a higher rate than non-performing assets such as savings accounts and CDs and profit from the difference.

However, in an environment in which the yield curve is flattening, Banks’

$SPX Weekly Outlook: Neutral Bearish $QQQ $IWM $DJI

January 13, 2019 Published by

Here we are back again with another weekly look at the US Markets. SPX has rallied off the panic lows from Christmas Eve (which was called for) and is sitting right at 2600 resistance. The Outlook is neutral with a Besrish bias…
You can see the clear resistance lines of 2600 AND 2680. This resistance goes all the way back to 2017 and should be noted. IF you missed the first chance to sell at 2900 and then the break of 2760 then here is yet ANOTHER chance to sell.
The largest rallies happen in BEAR MARKETS, and do not let the

Bitcoin and EOS Technical Analysis: WEEKEND UPDATE

January 12, 2019 Published by

Bitcoin is consolidating right on top of the $3,600 support zone. Should price decisively break below $3,600, the next relevant area of support is between $3,400 and $3,250.

In my last EOS update, I pointed out the larger wedge it was consolidating in. I told you it would likely make a larger move as EOS approached the apex. The following day, price broke down from $3.00 to as low as $2.30. It then sightly rallied to the $2.45 support zone. EOS continues trading around $2.45 at the time of writing this update.

In today’s video analysis I discuss, where prices may be

Investment Returns on Everything

January 12, 2019 Published by

Okay, maybe not everything but definitely the returns on Real Estate and Stocks.  Often people debate over which is a better investment.
Luckily, I came across an economic study that analyzes a bunch of investments over the last 145 years!   Let me share what I found from it about real estate and stocks.
Real Estate vs. Stocks as an Investment
There are several key metrics to keep an eye on when investing, a couple of which I’m going to discuss below.
Investment return always seems to be the headliner when analyzing investment options so I will start with that one. It’s worth pointing out risk exposure

Macy’s Missing The Mark

January 12, 2019 Published by

The day after Christmas there was a report that talked about spending during the holidays, the time between Black Friday and Christmas:

A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulseTM, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years.

Source

Apparently, Macy’s wasn’t part of that report. Macy’s said its sales slowed after a good start to the holidays, and flagged

Where Are The QQQs Heading Next??? – Part 2

January 11, 2019 Published by

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. QQQs is one of the most traded ETFs in the world and includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.
Two months ago, I talked about the QQQ.  This was probably one of the first times in a post, I ever went down to very small time frame, the 15 min chart to be exact.  And all I was seeing was pending sell orders at many different levels.
Where Are The QQQs Heading Next???
I realize the Markets are

Bitcoin Technical Analysis: THE BEARS HIT BACK

January 10, 2019 Published by

In my last update, I warned market makers may push price down to liquidate long positions. We had longs stacked and shorts falling off with extremely low volume. This was all a recipe for at least a temporary drop in price. Today we saw that happen as price dropped from $4,050 to as low as $3,750. It’s currently trading around $3,780 on Coinbase.

Looking at the daily chart, we can see price found support right on top of the 50 Day MA. If it decisively breaks below, I think a drop to at least $3,600 will become likely.

While some long positions

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