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SPDR Sector Relative Strength Analysis Report For Week Starting 7/22/19

July 22, 2019 Published by

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 expansions.

When you trade, you want the strongest stocks in the strongest sectors, which is why you should monitor sector performance carefully.  With that said, lets determine the relative strength of the sectors relative to the S&P 500 ETF, SPY for the upcoming week.

Communication Services (XLC)

Consumer Discretionary (XLY)       

Consumer Staples (XLP)   

Energy (XLE)                

Financials (XLF)           

Health Care (XLV)                           

Industrials (XLI)  

Materials (XLB)                      

Real Estate (XLRE)          

Technology (XLK)                  

Utilities (XLU)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the SPDR sectors’ relative strength, relative to the SPY are the following:

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.

Bitcoin: The Battle Rages On

July 21, 2019 Published by

Yesterday we discussed the potential for a bull trap. I told you if the breakout was a bull trap, it’d likely reject at $11,050. That’s exactly what happened. As of now, price is again trading within the prior area of consolidation around $10,400.

Screen Shot 2019-07-21 at 2.50.29 PM.png

Bears executed a simple death cross (50 MA below 200 MA) on the 4 hour chart a few days ago. Since then, bulls have been fighting to prevent a follow through exponential death cross (50 EMA below 200 EMA) on the 4 hour chart.

Screen Shot 2019-07-21 at 2.51.27 PM.png

In today’s video we’ll discuss where price may go from here, key areas to watch, 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

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Forex Relative Strength Analysis Report For Week Starting 7/21/19

July 21, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular.

And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the dailytime frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in parenthesis).

AUD/USD – Australia dollar (Aussie) vs. the U.S. dollar

EUR/USD – Euro vs. the U.S. dollar

GBP/USD – British pound (Sterling or Cable) vs. the U.S. dollar

NZD/USD – New Zealand dollar (Kiwi) vs. the U.S. dollar

USD/CAD – U.S. dollar vs. the Canadian dollar (Loonie)

USD/CHF – U.S. dollar vs. the Swiss franc (Swissie)

USD/JPY – U.S. dollar vs. the Japanese yen (the Yen)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the currency relative strength relative to the US dollar is the following:

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.

BITCOIN: a decisive moment

July 20, 2019 Published by

And here we are again trying to define the market destiny!

Bulls seems to gain terrain in front of the Bears but we can not say who will win until we see what happens in front of the 11000 USD resistance level.

I personally expect for a sudden acceleration of the price upwards as soon as BTC breaks that level. If so, I am pretty sure we can bet for another higher high of BITCOIN and thus for the whole Crypto Market…

By the way, the “balance” between TETHER and BITCOIN is not met so, ALTCOINS are also getting feed here in a strongly manner:

In particular, have a look to BCH , ADA, TRON, EOS and BITCOIN SV, all of them rising higher than 10% while BITCOIN 4%…

Enjoy!

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Unusual Options Activity In Micron Technology

July 20, 2019 Published by

Taiwan Semiconductor Manufacturing Company (TSM) is the world’s largest foundry, meaning they manufacture semiconductors.  This past Thursday they beat analyst estimates for sales for the quarter, but more importantly signaled a rebound from the current chip down cycle.

Memory chipmaker Micron Technology (MU) reported better-than-expected earning, increased its DRAM (dynamic random access memory) industry demand growth outlook for 2019 and say it expects demand to recover in the second half.

I’m no genius, but clearly these are clues that the semiconductor sector might be bottoming.  And what’s funny about making money investing in stocks, you don’t have to be a genius, just need to be able to connect the dots.  And if you can’t connect the dots, just follow what the Smart Money does because they have information at their disposable that you and I can only dream about.

On Friday, I noticed unusual options activity in Micron Technology. What’s interesting is these options are short dated, meaning they are going to expire soon.  What’s more interesting is these options only become profitable if and when Micron’s stock increase $10 or 22% over the next four weeks, meaning the Smart Money bought a little over 14,000 of the August 30th call options with a strike price at $55.

If the Smart Money is right, these call options have the potential to increase 5X. Will the Smart Money be right, stay tuned.

NOTE: funny how the strike price lines up with the monthly supply at $55.

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.

Bitcoin Bulls Attempting a Breakout! Bears Fight for Control

July 20, 2019 Published by

Bitcoin continues to consolidate right below our $10,650 resistance. Price is getting squeezed within a tighter range. It looks like we should have resolution in the next 24 hours. We’re seeing a potential bullish ascending triangle, which would suggest a break to the upside to at least $11,050. Bears are struggling to confirm a 4 hour death cross on the 50 and 200 EMA. This truly is an interesting battle to watch.

Screen Shot 2019-07-20 at 11.23.15 AM.png
Screen Shot 2019-07-20 at 11.27.51 AM.png

In today’s video we discuss where price may go from here, price targets, the Litecoin halving and your questions. 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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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
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YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

July 30-31…Decision Day

July 20, 2019 Published by

Generally, a Federal Reserve rate cut is very well-received by the stock market, especially if it’s done during a growing economy.

In fact, there have been six such rate cuts since 1971, and the stock market has rallied after every single one. On average, the stock market has risen 9.7% in the three-month period following a non-recession rate cut. If a similar outcome were to happen now, it would indeed send stocks to new highs.

Source

Image result for fed powell

In December, 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. The Markets didn’t like what Powell said and showed him by tanking.

In early January, during a round table with Janet Yellen and Ben Bernanke, Powell said, there is no preset path for raising rates or adjusting the balance sheet. The Markets like what he had to say, eventually climbing 10%.

Then in late January, 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.

The FOMC meets on July 30 and 3 where they will announce, no rate cuts, 25 basis point rate cut or 50 basis point rate cut. If Powell cut rates by 50 basis point, we will see new all time highs within weeks. Anything other then that and we may see a sell off.

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.

Forex $1 MM Challenge – Trade #18 (7-19-19) Sold GBP/CAD

July 19, 2019 Published by

Brexit is an abbreviation for “British exit,” referring to the U.K.’s decision in a June 23, 2016 referendum to leave the European Union (EU). The process of Britain staying or not staying in the EU has caused a lot of uncertainty, which in turn has caused the British Pound to continue to drop in price.

Canada reported retail sales for May and reported an unexpected decline in sales as consumers cut back on purchases of groceries, alcohol and clothing. Sales fell 0.1% vs 0.3% increase. This past week, GBP/CAD has pulled back, but on this news, GBP/CAD spiked higher.

Monthly Chart (Curve Time Frame) – monthly supply is at 1.90000 and monthly demand is at 1.58000.

Weekly Chart (Trend Time Frame) – the trend is down.

Daily Chart (Entry Time Frame) – the chart suggests to short price at the daily supply at 1.64000.

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.

Bitcoin Stalls as Bears Attempt to Take Control!

July 19, 2019 Published by

After yesterday’s quick $1,200+ rise, bitcoin was met with tough resistance at $10,650. In my prior video I warned of a break down to retest $10,000. As of now, price dropped as low as $10,100 before finding support. It’s currently trading around $10,350.

Screen Shot 2019-07-19 at 11.27.46 AM.png

In today’s video we discuss where price may go from here, the 4 hour Death Cross, traps to avoid and so much more. I also answer your questions. 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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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
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YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

Are You Paying Attention To What’s Going On In The World???

July 19, 2019 Published by

When you look around the world in the financial markets what do you see?  What I see is the punch bowl is almost empty, party goers are demanding more punch and the party promoters have no choice, but to oblige because they have been drinking the punch too.

The Federal Reserve and other leading central banks are declaring the peak in global interest rates has been reached and are readying to start the march down.

As the world economy weakens amid the U.S.-China trade war and inflation continues to undershoot the target of most policymakers, Fed Chairman Jerome Powell is set to oversee the first cut to the U.S. benchmark in a decade.

European Central Bank President Mario Draghi has also flagged action, though he may wait until September, and even Bank of Japan Governor Haruhiko Kuroda may come under pressure to join in. The People’s Bank of China has eased lending conditions but so far held fire on rates, but Australia, India, New Zealand and Russia are among those to have already injected fresh stimulus into their economies.

Source

This is a big deal.  Because I trade currencies, I’m seeing this all around the world…the big central banks of the world are cutting rates.  Now is the time to put on position type trades…trades that last months/years.  What comes to mind is buying cryptocurrencies, gold and bonds.   I will repeat, now is the time to buy cryptocurrencies, gold and bonds.  However, please don’ take my word for it…a picture is worth a 1000 words.

NOTE: the charts I’m about to show you are relative to the US Dollar.

Bitcoin

Gold

Bonds

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.

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