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iRobot Needs A Reboot

July 24, 2019 Published by

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

iRobot Corp. announced their second quarter earnings after the market close yesterday. In after hour trading, the stock fell double-digits after the company missed Wall Street’s estimates for sales for the second quarter and lowered its financial expectations for the full year, citing the impact of tariffs in President Donald Trump’s ongoing U.S.-China trade war.

“The direct and indirect impacts of the ongoing U.S.-China trade war and the recently implemented 25% tariffs are likely to constrain U.S. market segment growth in the second half of the year below our expectations at the start of 2019,” Angle said.

“Even as we operate in a higher tariff environment in the U.S., 2019 is shaping up to be another successful year of double-digit revenue growth and impressive global segment leadership,” Angle said.

Source

After basing near the weekly demand at $86, price not only breached the weekly demand at $86, but also breached a critical major support/resistance line at $75. Thus, the chart suggests price is heading down to the weekly demand at $54.

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 Bitcoin Get Back above $10,000?

July 24, 2019 Published by

Since yesterday’s update, Bitcoin broke the $9,950 support.

Screen Shot 2019-07-24 at 10.54.23 AM.png

In today’s video we discuss where price may go from here, 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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Curaleaf Holdings Not In The Penalty Box Yet

July 24, 2019 Published by

Curaleaf Holdings, Inc. operates as an integrated medical and wellness cannabis operator in the United States. It cultivates, processes, markets, and/or dispenses a range of cannabis products, such as vape oils and concentrates.

Yesterday, the United States Food and Drug Administration (FDA) issued a warning letter to Curaleaf for illegally selling cannabidiol (CBD) induced product online to treat various ailments such as cancer, Alzheimer’s disease, etc.

While the news shook the weak hands out, those who held on saw their return for that day only down 5% after being down 14%.

Seaport analyst Brett Hundley views the FDA letter as a “non-event” for the company and believes the stock sell-off is premature. The analyst reiterates a Buy rating on Curaleaf stock, with a price target of $11.00, which implies nearly 50% upside from current levels.  Hundley commented, “We view any weakness in CURLF shares as near-term buying opportunities for investors.

Source

An FDA warning letter also known as a FDA Form 483 is issued to manufacturers or other organizations that has violated some rule in a federally regulated activity.  However, a Form 483 doesn’t mean the end of the world, just formalizes their observation in order for the manufacturer to address the issue(s) found, usually within 15 days.

So Brett Hundley might be right…the FDA letter being a “non-event.”  However, the chart suggests to wait for price fall a bit more, to the daily demand at $5.75 before going 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.

Agetech could transform the care industry

July 24, 2019 Published by

Agetech
could transform the care industry (FT)

  • According
    to two chief executive of technology companies, Age-tech, i.e. applications of technology designed to address
    issues faced by elderly people, are often left unexploited as they do not
    appeal to “kids doing start-ups”.
  • Age
    tech start-up Birdie has designed a
    system for care workers to digitise and
    keep track of notes     on elderly people living in care facilities. The
    company has thus far raised €9.5m,
    with more than 100 UK providers already using the tech.
  • Birdie
    is also trialling a combination of static
    motion and sonar sensors     designed to pick up irregularities in behaviour
    through machine learning that could indicate health issues.
  • Another
    tech company (which remains unnamed) is targeting the steadily growing Alzheimer’s therapeutics market through specially
    designed devices/toys that stimulate cognitive function.

Analysis and Comments

  • The author makes an important point towards the end of the article by highlighting that the typical customer for technology such as the above is likely to be an older person who is caring for an elderly relative.
  • As such, players in this space that aren’t exclusively targeting care facilities are in the tricky position of having to design solutions for the use of people who themselves might be similarly uncomprehending of thetech as their elderly charges (the article includes an example of a healthcare start-up which failed for that reason).  
  • Last year was an interesting year for Age-tech, as it saw PointClickCare, a leading Canadian SaaS platform targeted at the long-term and post-acute care market, valued at a minimum of USD1bn following its latest funding round.
  • See here for a 2019 Age-tech market map including both listed and private players.

Snap…Continues To Snap Higher

July 24, 2019 Published by

Snap has been on a tear since Feb. 5th, when they reported their fourth quarter earnings. During the earnings call, Snap posted a narrower-than –expected loss, communicated that the number of daily active users (DAUs) have stabilized and their Collection Ads, which enable a business to showcase four products in a single Snap, drove over twice the return on ad spend versus Q4 2018.

Source

Yesterday, Snap Inc. shares spiked in after-hours trading when they reported adding 13 million DAU in the quarter for a total of 203 million DAUs.  Snap is still reported a net loss, but it’s less than a year ago and they beat the Wall Street’s estimates.  Thus, it’s all about the DAUs at this stage because they more eyeballs the can keep engaged, the more ad revenue they will generate.

Spiegel said in prepared remarks that the company is “seeing early positive results following the rollout of our new Android application.” Snap saw more than 10 percent increase in the retention rate of people who open Snapchat for the first time, and on the majority of Android devices with new users, Snapchatters are sending 7 percent more Snaps compared to the old version, “which we believe is an important leading indicator of their long-term retention,” Spiegel added.

Citing a redesign of the Snapchat app, which was controversial among users, as well as the Android rebuild, the CEO said, “Following last year’s substantial product evolution we believe that we are now better positioned for long-term success. Today, more than 75 percent of the 13–34-year-old population in the United States is active on Snapcaht, making us larger than services like Facebook and Instagram among this audience, and demonstrating the broad-based appeal of our service.”

Source

However, the chart suggests that the run up this year may soon reverse at the daily supply at $17.50.

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 24: Fusion

July 24, 2019 Published by

Fusion (Bittrex: FSNBTC) 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, Fusion began a wave one advance on May 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 20, and the red wave two (blue sub-waves a-b-c) correction ended on July 16. If this wave count is correct, Fusion should be heading next towards the June 20 peak in the red wave three.

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

Funnymentals

Fusion is a public blockchain creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization and cross-datasource smart contracts. You can watch their intro video below.

(Sources: Fusion and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

Expect Bond Prices To Continue To Rise

July 24, 2019 Published by

In December, Fed Powell said the Fed’s program to reduce the bond holdings on its balance sheet was on “autopilot.” Powell later went on and raised short-term rates another one-quarter percent.

Then in late January, Fed Powell said the case for raising rates has weakened somewhat. In addition, Powell made it very clear to the Markets and used the word “patient” eight times in his speech regarding hiking interest rates.

We are now in July and at the end of the month, the Markets are expecting Fed Powell to lower rates.  However, the US isn’t the only central bank lowering rates, it’s happening all over the world.

The era of quantitative tightening by major central banks is proving to be short lived.

Net bond purchases by the Federal Reserve, European Central Bank and Bank of Japan will swing back above zero from September, according to an analysis of their balance sheets by Bloomberg Economics. That’s just eleven months since they collectively hit reverse having spent a decade pumping stimulus into their economies via quantitative easing.

The outlook shows how quickly central banks have been forced to turn tail after spending much of last year leaning toward tightening monetary policy, only to now be looking to loosen it as the world economy slows.

Source

As rates go back down, expect bonds to continue to rise. The monthly chart suggests, on the 10 year bond, price will move higher to the monthly supply at 131’00’0.

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.

Buy Some Real Estate With Ethereum

July 23, 2019 Published by

Fundament, a Berlin-based blockchain firm’s receipt of approval from BaFIN to issue blockchain-based bonds that are backed by real-estate. In an announcement on July 23, 2019, Fundament revealed that as a result of the regulator’s approval, it will be running a public offering valued at EUR 250 million ($280 million). 

As a result, crypto fanatics in certain regions who want to invest as little as 50 euros in Germany’s real estate at a variable interest rate can opt to pay with ethereum instead.

Furthermore, the token sale will begin on August 2019 where it will be launched on the Ethereum blockchain. The process will adopt the standard procedure that was notable among Initial Coin Offerings (ICOs) of 2017 and beyond. In addition, the tokenized bond can be withdrawn in the form of a foundation token to a wallet that is compatible with Ethereum’s blockchain.

Source

Ethereum was like the second coming of Bitcoin, where you could build Dapps on the blockchain, but the transactions weren’t fast (relative to the 3rd and 4th generation blockchains). However, Ethereum’s mission is to replace internet third parties that store data, track financial instruments via smart contracts and eliminate the server / cloud model.

Despite not making a lot of noise in recent months, Ethereum remains a top 5 blockchain, at least by market cap and will be one of the blockchains that will still be around in 10 yrs. However, in the short term, price is correcting to the support / resistance line at $160.

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.

Bears Have Bulls Backed In a Corner!

July 23, 2019 Published by

Bears have bulls pushed against major support at $9,950. This is not just visual support, but also the 0.619 fib level of the larger structure. A decisive break (daily open and close) below this area would be significant.

Screen Shot 2019-07-23 at 12.44.11 PM.png

Bulls are still defending the 8 week EMA at the time of writing this.

Screen Shot 2019-07-23 at 12.44.34 PM.png

In today’s video we’ll look at the macro and micro picture. We’ll discuss where price may go from here, key areas to watch, I’ll answer your questions 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

If you found this post informative, please:

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The Bedcoin Team is Planning on Creating a John Wick Continental Hotel

July 23, 2019 Published by

Have you seen the movie John Wick?  Did you remember how cool the Continental Hotel was?

Well the team from Bedcoin is planning to create a Continental style hotel where you will use bedcoin to pay for special services, etc. (pretty sure no killing will also be a rule..hehe)

Here is more from their medium post…

Bedcoin is working to create a global community of Bedcoin holders that can use Bedcoins to unlock special accommodation features.

Bedcoins have two utilities:

Profit Sharing –  Access profit sharing on the Bedcoin Platform when the profits from the investment portfolio are shared with Bedcoin Holders.

Traveling Services – Bedcoin will create a series of rooms / accommodation units which can be booked in special conditions only using Bedcoins as a payment coin.

You can read more about it in there post:  Bedcoin is Planning to Create a Real Life Version of John Wick Continental Hotel

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