Log in

Tag: trading

Are You Buying Netflix Into Earnings??? – Part 2

July 19, 2019 Published by

Prior to earnings, the market makers were pricing in a $25 move in either direction.  Two levels the chart suggested to pay attention to was the daily supply at $402 and the daily demand at $313.

Are You Buying Netflix Into Earnings???

After earnings, the stock price crated to the downside more than $35 or 10%.  The reason price fell that much was because total streaming paid net additions came in at 2.7 million, below expectations of 5.06 million analysts expected. Netflix also lost 126,000 domestic paid subscribers versus an expected gain of 309,000.

The CEO, Reed Hastings attempted to calm investors down call saying the quarter was just a hiccup due to anticipated strong demand for a host of new original content.  If you believe in Netflix and what Reed had to say, the price of Netflix is selling at a discount now as the chart suggests to buy at or near the daily demand at $313.

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.

Currency Analysis Report 7/18/19 – Continue To Short The GBP/JPY

July 18, 2019 Published by

One doesn’t have to be British to know the drama that’s been going on in England the last two years due to Brexit. 

Even Richard Branson got into the mix stating that if England leaves the EU it would devastate his company and the British Pound.  Richard believes if England leaves the EU, the British Pound is going to parity against the US dollar. 

Let me throw a curve ball at you, what if the US and China never reach a trade deal?  On Wednesday China urged the Trump administration to “make up its mind” about reaching a trade deal with Beijing and warning that additional tariffs could send negotiations further off track.

Not only will that hurt the British Pound, but the entire EU.  Because the Japanese Yen is considered a safe haven currency, in times of geopolitical or financial turmoil, the Japanese Yen tends to gain against its peers.

The chart suggests to continue to short GBP/JPY at the daily supply at 135.75.

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 bounces $1,200 in an hour! Bull Trap or Reversal?

July 18, 2019 Published by

Bitcoin bounces $1,200 in an hour as bulls try to rally.

Screen Shot 2019-07-18 at 10.40.25 AM.png

In today’s video we’ll discuss where price may be heading next, 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:

upvote.gif

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

Time To Short United Rentals Again

July 18, 2019 Published by

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company that services construction and industrial companies, by renting out backhoes, forklifts, earthmoving equipment, and material handling equipment, scissor lifts, crossing plates, line testing equipment for underground work, electrical distribution equipment, etc.

Three months ago I wrote a post,

United Rentals…Another Great Economic Barometer

where I talked about, like Caterpillar, United Rentals is a great barometer of the economy.  United Rentals their earnings report, United Rentals said they were still on target with the 2019 targets, however, the charts suggested to short the stock at the daily supply at $140.

Price did fall from the zone, but never hit the suggested target price.  Yesterday, United Rentals announced their second quarter earnings reported profits above Wall Street expectations, but cut the top of their guidance range for the year. Because the supply level hasn’t been breached, the chart suggested to short price again, with a confirmation below the $128 level which served as support/resistance.

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.

Fade The Blue Apron Rally

July 18, 2019 Published by

Blue Apron is responsible for pioneering meal kits to the masses and went public in 2017, but they really had no competitive advantage. After Amazon bought Whole Foods, two weeks after Blue Apron went public, Amazon announced it was entering the meal kit business. 

Than with the advent of the fast / gourmet delivery service companies, it gave consumer many more options.

SIDE NOTE:  I know people who know people who will order one coffee/latte through grubhub even though Starbucks is one block away from their apartment building.

Ever since Blue Apron went public the stock has been in a decline and did actually go under the $1 level.  Because they feared being delisted, Blue Apron did a reverse split to artificially inflate their stock price.  Why is this important….

Blue Apron Holdings Inc’s beleaguered stock closed 35% higher on Tuesday after the meal-kit subscription service said it would add Beyond Meat Inc’s plant-based burgers to its menu, betting on a growing market for premium meat alternatives to attract new customers.

Blue Apron said its Signature Two-Serving Plan – a curated meal plan subscription – would include recipes using the Beyond Burger, a four-ounce patty with 20 grams of plant-based protein.

“We know a growing number of customers are interested in plant-based proteins, whether as an alternative to meat, a desire to explore a new ingredient, or an opportunity to make more sustainable food choices,” Blue Apron Chief Executive Linda Kozlowski said in a statement.

Source

Despite the stock surging after the announcement, the chart suggests to fade the rally back down to $1. 

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.

CSX Breaches Critical Price Level On Disappointing Earnings

July 18, 2019 Published by

CSX Corporation, together
with its subsidiaries, provides rail-based freight transportation services. The
company offers rail services, as well as transports intermodal containers and
trailers. It transports chemicals, automotive, agricultural and food products,
minerals, fertilizers, forest products, and metals and equipment; and coal,
coke, and iron ore to electricity-generating power plants, steel manufacturers,
and industrial plants

CSX is the third-largest
US rail operator operating in 23 states as well as the District of Columbia and
two Canadian provinces. Its network spans 21,000 miles.

CSX announced earnings before the opening bell today.  CSX posted earnings that didn’t meet expectations and slashed their full-year revenue forecast amid slowing.

The generally reliable railroad operator said earnings for the second quarter came in at $1.08 per share, up 7% from the like period last year but three cents shy of the Street consensus forecast, while revenues totaled $3.08 billion, missing analysts’ forecasts thanks in part to trade-related weakness in its intermodal business.

“Both global and U.S. economic conditions had been unusual this year, to say the least, and have impacted our volumes,” CSX CEO Jim Foote told investors on a conference call late Tuesday. “You see it every week in our reported carloads. The present economic backdrop is one of the most puzzling I have experienced in my career.”

Source

Because the Dow Transports have lagged the Dow Jones Industrial Avg. since September.

Source

And because CSX stock price has breached the major support / resistance line at $72.50, the chart suggests price will fall to the weekly demand 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.

Currency Analysis Report 7/17/19 – How Low Will The Ruble Go???

July 17, 2019 Published by

The analyst who most accurately predicted the ruble’s rally in the second quarter is now its most pessimistic forecaster.

The Bank of Russia’s switch to monetary easing is the reason Jaroslaw Kosaty, a currency strategist at Poland’s largest bank, sees the currency sinking about 9% against the dollar by the end of the year. Foreign investors who piled into local OFZ bonds in anticipation of the cuts are largely done staking out their positions and the Bank of Russia says it expects the non-resident flows to fade, exposing the currency to further interest-rate reductions.

A second consecutive interest-rate reduction is possible at the central bank’s next meeting and it isn’t ruling out a cut of 50 basis points, Governor Elvira Nabiullina said earlier this month. According to Kosaty, the Bank of Russia will lower rates gradually by 25 basis points in the third and fourth quarters, though a 50 basis-point step is still possible at the July 27 meeting.

Source

So how low can the Ruble fall relative to the US Dollar, lets go to the charts?

Monthly Chart (Curve Time Frame) – monthly supply is at 77.000 and monthly demand is at 50.000.

Weekly Chart (Trend Time Frame) – the trend is sideways with a downside bias.

Daily Chart (Entry Time Frame) – there is no entry to short at the moment, but the chart suggests price can move down short term to the daily demand at 57.400.

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.

Are Bitcoin and Libra Correlated???

July 17, 2019 Published by

It seemed when Facebook announced their own cryptocurrency, Libra…Bitcoin took off going from about $10k to $14k.   Libra is designed on paper to be an alternative to traditional financial services for the billions of people worldwide who lack access to banking through a digital wall.

However, the announcement really scared the government because of the potential of fiat being the beginning of the end.

Over the past two weeks, Facebook has received a wave of criticism from the likes of the Federal Reserve Chair, the House Financial Services Committee, the Treasury Secretary, the Senate Banking Committee, and even the President himself. While Libra’s bright future has turned darker, or at least delayed, Bitcoin’s present is back in the red.

From Senators questioning the age-old privacy problem of Facebook to calling Libra outright delusional, they reigned down on David Marcus, lead of the Libra Project and VP of Messaging Products at Facebook. The aging US lawmakers were concerned about Libra’s plan to overhaul national currencies and manipulate monetary policies, and with the “massive reach” of Facebook, that prospect looks even more menacing.

After Steve Mnuchin, the Treasury Secretary descended on the cryptocurrency market, the price shaved over $500. As the Senate hearing began, the price dropped by over $1,000 in less than 2 hours, to $9,500.

Source

Bitcoin now finds itself around $9400 and within the daily demand zone at $9200. 

So is Libra and Bitcoin correlated, for now it appears they are correlated.  However, Libra is a medium-of-exchange where users can send money and house transactions, while Bitcoin has become a store-of-value, digital gold.  And because of this, Bitcoin is giving folks an opportunity to buy on a pull back to one of the daily demand zones before eventually moving higher. I personally like the $8000 level better than the $9200 level. 

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.

Domino’s Pizza…Does It Again

July 17, 2019 Published by

Domino’s Pizza (DPZ) posted weaker-than-expected sales during the second quarter. Same-store sales grew at 3% vs expectations of 4.6% domestic.  Same-store sales internationally grew 2.4%, but also missed analyst expectations for 2.6% growth.  On the news the stock price was fell 9%.

This marks the second consecutive quarter where Domino’s disappointed Wall Street.  I decided to focus only on same store sales figures because of Domino’s long term strategy.  Domino’s is under attack by the food delivery companies that popped up in the last couple of years in which stay at home diners have a lot more options at their disposal.

Image result for grubhub and competitors

Thus, Domino’s is aggressively adding store at the sacrifice of existing stores the clear risk of saturating its existing territories. More stores equates to being closer to the customer, which equates to faster delivery times.  The strategy is called “fortressing,” or adding locations right within the delivery territory of an existing restaurant.

Things might get worse before they get better, thus the chart suggests further downside to the weekly demand at $227.

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.

Marijuana…There’s An ETF For That

July 16, 2019 Published by

Although the marijuana
industry has seen many ups and downs, with volatility resembling the crypto
space, just like the crypto space, it’s representing investors, particular
young investor with an opportunity to create generational wealth.

Cannabis industry
cheerleader Cowen Group, which has arguably been covering pot stocks longer
than any Wall Street investment firm, believes that the industry could hit $75
billion in global sales by 2030, which would represent a more than sixfold
increase in global sales from 2018, according to data from Arcview Market
Research and BDS Analytics.

Meanwhile, Christopher Carey at Bank of America believes that the cannabis industry has the potential to one day hit $166 billion in annual sales.

Source

But just like the crypto space, there will be many losers.  Thus, Electronic Traded Funds (ETFs) give exposure to a group of stocks, thus lowering the investment risk through diversification.  And in the marijuana space, there are three that come to mind:

ETFMG Alternative Harvest ETF (NYSEArca:MJ) is the largest fund to cover the sector.  MJ tracks the Prime Alternative Harvest Index, which tracks the entire cannabis ecosystem across both medicinal and recreational uses. MJ tracks 36 stocks with leaders like GW Pharmaceuticals (NASDAQ:GWPH) and Canopy Growth (NYSE:CGC) as top holdings.

AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) takes on a more active approach as it’s run by portfolio manager Dan Ahrens. YOLO currently owns just 26 different marijuana stocks, including Innovative Industrial Properties (NASDAQ:IIPR), CannTrust Holdings (NASDAQ:CTST) and OrganiGram Holdings (NYSE:OGI).

Despite it being the sin ETF, probably the safest of the bunch is the AdvisorShares Vice ETF (NYSEARCA:ACT)  because it invest in alcohol, gambling, tobacco as well as cannabis.   The ETF only has 26% exposure to pot stocks.

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.

September 2026
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

Latest Media