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Keep Albemarle Corporation On Your Watch List

June 5, 2019 Published by

Albermarle was once a high flyer, but has fallen back to earth. I missed out the on initial leg up, but the beautiful thing about the Markets is it always gives you opportunities if you pay attention to it.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and electric vehicles…OK, I’m going to stop here.

 

The race by Tesla Inc., Samsung SDI Co. and

GameStop…Is The Next Blockbuster – Part 3

June 5, 2019 Published by

Netflix went digital and ended Blockbuster’s physical distribution reign.

Source Image

The same thing is happen with the distribution of games.  So it was a no-brainer for me to conclude Gamestop was dead money and was going to $0 in the coming years.

GameStop…Is The Next Blockbuster – Part 2

GameStop Corp on Tuesday halted its quarterly dividend after reporting a 13.3% fall in first-quarter revenue that missed analysts’ estimates, hurt by slowing sales of video games and consoles at its stores.The gaming retailer has been struggling with shrinking profits as consumers shift to downloadable videogames instead of buying physical versions from stores.GameStop also

Crypto Contest June 5: Matic Network

June 5, 2019 Published by

Matic Network (Binance: MATICBTC) 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, Matic began a wave one advance on April 26. The red wave one finished on April 26, and the red wave two correction ended on May 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 21, and the red wave four (blue sub-waves a-b-c) correction ended on June 3. If this wave count is correct, Matic should be heading next towards the May 21 peak in the red wave five.

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

Funnymentals

Matic

A Shorting Opportunity On Nucor Corporation

June 5, 2019 Published by

I have been looking for a stock to short in the Basic Materials sector for weeks based on my sector analysis that I perform each week and I may have just found one.

SPDR Sector Relative Strength Analysis Report For Week Starting 6/3/19

On May 14, U.S. President Donald Trump credited hit tariffs on imported steel with rebuilding the U.S. steel industry, which he said is now “booming.” However, shares of North Carolina steel producer Nucor Corporation are down 25.9 percent in the past year, and one analyst double downgraded the stock on Friday.Bank of America analyst Timna Tanners downgraded Nucor from

BITCOIN: Expected correction on-going

June 4, 2019 Published by

Still trying to understand what is causing the drop on the market these days?

I quit already from searching the reasons long time ago, I am only stick to the Psychological aspect of the market…news supporting the different scenarios often comes later on…

For “common mortals” as we are, it is really difficult to anticipate your next move based only in news and rumors, actually what usually happens is that rumors and news come in a weirdly and sudden manner and they are only reachable in a first chance for only a few…

Normally, when you read about a rumor, the rise or

Bitcoin, EOS, ETH, LTC, BNB, BAT and XRP Analysis: Bulls Trying to Hang On

June 4, 2019 Published by

In my last couple updates, I discussed the real possibility bitcoin was topping out. It’s now decisively broken below the $8,150 support. The next area of support is $7,550.

Price is currently below the 21 Day EMA. If a daily candle opens and closes below the 21 day EMA, I’d likely signal more downside to come and possibly the start of a larger correction.

In today’s video I analyze Bitcoin, EOS, BNB, BAT, LTC, ETH and XRP. We’ll discuss where prices may be heading next, key areas to watch, possible buy/sell targets and so much more. I hope you find it helpful.

Video

Box Got Crushed – Part 2

June 4, 2019 Published by

Three months ago, I wrote about Box’s fourth quarter earnings.

Box Got Crushed

One of the highlights of the earnings announcement was the dismal outlook Box reported. One of their biggest competitors is Microsoft Corp’s OneDrive and SharePoint.  Thus, it will be difficult for Box to steal away SharePoint customers.  In addition, Microsoft is able to provide OneDrive and SharePoint to customers at a cheaper rate than Box.  Personally, I wasn’t surprised by the forecast and the chart suggested price would fall to monthly demand at $14.

Yesterday, Box reported their first quarter earnings.  Box beat on earnings and revenue estimates, but reported

Crypto Contest June 4: Bankex

June 4, 2019 Published by

Bankex (Bittrex: BKXUSD) 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, Bankex began a wave one advance on February 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 26. If this wave count is correct, Bankex should be heading next towards the April 10 peak in the red wave three.

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

Funnymentals

Bankex operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of

Intermarket Relative Strength Analysis Report For The Week Starting 6/3/19

June 3, 2019 Published by

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

The Bitcoin Halving Event – Part 1

June 3, 2019 Published by

Listen up and listen well!

Do you know what my real job is? It’s to be the voice of reason in a confused sea of opinions. I’m the guy who goes and finds the golden thread of truth amongst all the clutter. I’m the guy you turn to when you need an objective opinion, but everyone you know is running around like a headless chicken.

The chickens are running!

And squawking. Loudly. (Which is no mean feat for a chicken which has no head!)

All of the chickens are squawking the same thing:

“BITCOIN HALVING”

It seems as if halving is as misunderstood as what it

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