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Tag: Strategy

Attention to “Basic Attention Token”

March 26, 2019 Published by

Since March last year, Basic Attention Token has been moving within a sort of Flat “Falling Wedge” described by the upper and lower trendlines. In its trip, BAT has described a perfect A-B-C-D-E corrective path on which many have been able to “sail” the waves in a predictive manner.

Today, we are attending another “decisive” moment for BAT, approaching again to the upper trendline after rebounding on “e”.

As
you can see in the chart, BAT has also crossed the 200 Days Moving
Average and the 50 Days Moving average seems willing to cross it as
well.

In my opinion, it would be

Bearish Divergence on LITECOIN and BINANCE?

March 25, 2019 Published by

Following the last movements of BITCOIN on which we are
currently experimenting a drop on the price, we can see some signs of
“exhaustion” in the rise of some of the major altcoins that have led the
rise lately.

This is the case of LITECOIN and BINANCE Coin.

On LITECOIN:

we can be very satisfied of its performance, it has completed 5 waves, forming a promising 1st one in black. The price has grown constantly from 24 to 64 USD in the last 3 months but, unfortunately, the RSI  seems to indicate a clear DIVERGENCE on the rise of the last three Highs…

If

My TIMM Trading Pit Commentary – Wk Of 3/18/19

March 24, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The DOW futures nearly down 300 points, the only quality demand I see is the 60 min demand level at 25600, another 100 pts lower.

The Russell futures trade got away from me, taking

Real Estate Market Showings Signs of a Slowdown?

March 24, 2019 Published by

t is always important to understand one’s local market within the broader context of the U.S. housing market on a whole.
I’m going to take a look at the county I reside in specifically as some data caught my eye and, well it doesn’t look all that reassuring.
Sales and Prices Down from a Year Ago
Looking at the infographic below a few things jumped out at me fast.

The number of closed sales is down almost 10% for single family homes compared to February 2018.
Median sales price is actually down 1.4%, something we have not seen much of in recent years
Days to contract

Real Estate Market Showings Signs of a Slowdown?

March 24, 2019 Published by

t is always important to understand one’s local market within the broader context of the U.S. housing market on a whole.
I’m going to take a look at the county I reside in specifically as some data caught my eye and, well it doesn’t look all that reassuring.
Sales and Prices Down from a Year Ago
Looking at the infographic below a few things jumped out at me fast.

The number of closed sales is down almost 10% for single family homes compared to February 2018.
Median sales price is actually down 1.4%, something we have not seen much of in recent years
Days to contract

EOS seems about to confirm reversal

March 23, 2019 Published by

Following the “party” initiated first by LITECOIN and then by BINANCE, EOS is presenting the perfect set up for confirming the reversal.

On the daily chart:

EOS has completed 4 out of the 5 waves up after touching the ground on early December.

The
3rd wave has fitted perfectly the 1.618 FIBONACCI level as expected and
the 4th corrective wave has been concluded in a short A-B-C correction.

In
order to confirm the REVERSAL, one of the 3 requisites has been met as
well since EOS is moving above the 50 Days Moving Average which has been
crossed on early February.   The second requisite

Electronic Arts…Genius or Desperate Move

March 23, 2019 Published by

Last month I wrote a post about Electronic Arts and Take Two Interactive,

Game Over For The Gamers

Electronic Arts Inc. stock plunged toward its worst decline in more than a decade this week after the videogame maker missed holiday-season sales estimates and lowered its forecast.

Both EA and Take-Two mentioned Fortnite in their conference call.   Fortnite is the battle royale format, which allows dozens of players to battle each other to the death until the last survivor.   Released in September 2017, Fortnite, which is a free game has over 125 million players and made over $1.2bn in its first 10 months of

Who’s Going To Marry Aurora Cannabis???

March 21, 2019 Published by

Altria Group, one of the largest tobacco companies in North America, invested 2.4 $1.8 billion in Ontario-based cannabis producer Cronos Group.

Anheuser-Busch InBev, the world’s largest brewer, partnered with Canadian pot producer Tilray Inc in a $100-million joint venture to research cannabis-infused non-alcoholic drinks.

Constellation Brands started dating Canopy Growth in October when they purchased a 9.9% equity stake in Canopy Growth for about $190 million. Then in June, Constellation Brands got engaged to Canopy Growth when they bought a third of the Canopy Growth’s 600 million Canadian dollar convertible note offering aka debt, giving them the option to convert the notes

BITCOIN: the “umpteenth” tentative…

March 19, 2019 Published by

I have the suspicious that after almost 1 month of a very
boring market BITCOIN is very close to what I call “Decision” point.
This is the point on which Bulls and Bears measures their strengths and
define which way to take next.

On the Daily Chart:

BTC is still far from the “Golden Crossing”
on which both Daily Moving Average lines (50 and 200) would meet. The
extrapolated lines project April 28th as a more likely date for that to
happen…

We have seen a series of Higher Highs which is a
good sign of recovery but what we really need

What Are The Semiconductors Really Telling Us

March 18, 2019 Published by

Semiconductor giant Broadcom Inc. (AVGO) is the largest component of the iShares PHLX Semiconductor ETF (SOXX). This makes the stock a key benchmark, so as Broadcom goes, SOXX goes. However, the other top holdings include:

Source

Broadcom announced earnings on Thursday after the market closed and surged on Friday, closing up 8.2% at $290.29 after the company delivered impressive earnings results.  The closing price also marked a new 52-week highs.

PHLX Semiconductor ETF (SOXX) is up 18% year to date. 

The SOXX trending higher is a good thing for the economy and a great indicator of economic strength because everything uses chips, from

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