Abercrombie And Fitch…Tanks After Earnings

I last talked about Abercrombie And Fitch three months ago, when they reported their last quarterly earnings and the charts suggested two shorting opportunities.

Abercrombie And Fitch…Setting Up For A Short

Despite a 20% move higher, I think A&F is getting close to levels for shorting the stock, but that’s just my bias, lets go to the charts. The chart suggests to short price at the daily supply at $27.50, but the better level is at $30.50.

Shares of Abercrombie & Fitch tanked Wednesday morning after the teen apparel retailer reported weaker-than-expected same-store sales growth and said it plans to close three more of its

10 Yr Bond Smart Money Sentiment 5/29/19 – More Room To Be Bullish

The Commitments of Traders (COT) is a weekly market report issued by the Commodity Futures Trading Commission (CFTC) listing the positions held by commercial traders and the “Smart Money”, the hedge funds and bank institutions in various futures markets in the United States. Since the COT measures the net long and short positions held by speculative traders and commercial traders, it is a great resource to gauge sentiment in the Markets.

On Tuesday, the 10-year bond yield fell to a 19-month low of 2.264% due to the growing concern that the U.S.-China trade war will last longer than anticipated with prolong

Crypto Contest May 29: Themis

Themis (Huobi: GETBTC) 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, Themis began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 5, and the red wave two (blue sub-waves a-b-c) correction ended on April 27. If this wave count is correct, Themis should be heading next towards the April 5 peak in the red wave three.

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

Funnymentals

Themis is a blockchain-based fair exchange system for digital currencies, providing a decentralised escrow service for digital currencies. You can read

Crude Oil Analysis Report 5-28-19…Is Further Downside Ahead???

Last Thursday alone, oil fell 6% and ended the week 7% down, it’s worst weekly lost in 2019.  But one has to keep things in perspective, oil is still up almost 30% year to date.

The combination of a perceived global economic slowdown, higher levels of US oil storage, and rumors of a possible de-escalation of the Iran-US crisis are mitigating the clear and present danger in oil and gas markets When looking at crude oil markets, the situation on the ground is a clearly pro-OPEC. The speculation about a possible end to the OPEC+ production cuts is largely unfounded. US

Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP Analysis: Quick Update

Bitcoin has stalled, currently trading around $8,670. Looking at the weekly chart, it looks like price may test $8,400. If it does, bulls need to see this prior area of resistance start acting as support. Volume remains relatively strong at $25 billion.

We’re continuing to see bearish divergence on both the daily RSI and MACD.

Regardless of short term price action, long term looks very bullish. The 21 week EMA has now crossed above the 55 week EMA.

In today’s video I analyze Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP. We’ll discuss where prices may be heading next, traps to avoid, key

Hormel Foods Gets Humble By The African Swine Fever

Hormel Foods fell almost 7% on Thursday, the single largest daily decline in almost two years after announcing a decline in sales and profits due to the African swine fever. Analysts forecast the loss of some 150 million to 200 million pigs this year, affecting about 5% of the global protein supply.

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Revenue will probably not surpass $10 billion and earnings per share will reach $1.85 at the most this fiscal year, the maker of Spam canned meat and Skippy peanut butter said in a statement, down from earlier peak estimates of $10.2 billion and $1.91 a share.The company will

Crypto Contest May 28: SaluS

SaluS (Bittrex: SLSUSD) 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, SaluS began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, SaluS should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Main goal and objective for Salus project is to give it’s members that extra edge when it comes to trading

SPDR Sector Relative Strength Analysis Report For Week Starting 5/27/19

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive sectors such as consumer staples, utility and health care stocks tend to outperform during a recessionary phase, while consumer discretionary and tech stocks tend to fare well during early

Chipotle’s Downgrade Was Lame

BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading.

BMO Capital Markets issued a warning about the company’s exposure to the rising price of pork caused by African swine fever.“It has the greatest pork exposure in our coverage (estimated at 10 percent), and our work suggests that CMG realizes commodity inflation with little to no lag. This suggests that CMG could be among the earliest to realize the

Crypto Contest May 27: Content Neutrality Network

Content Neutrality Network (Bitfinex: CNNUSD) 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, CNN began a wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 7, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, CNN should be heading next towards the April 7 peak in the red wave three.

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

Funnymentals

Content Neutrality Network is a blockchain-based content ecosystem. Crypto Tone interviewed the founder in February this year.

(Sources: