Crypto Contest February 25: Enjin Coin

Enjin Coin (Binance: ENJBTC) 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, Enjin Coin began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018. If this wave count is correct, Enjin Coin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enjin Coin is a deflationary token and resource that can be used by developers, entrepreneurs,

Stamps.com No Longer Sticking

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Stamps.com No Longer Sticking

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Kraft-Heinz Got Squashed Like A Tomato

I’m not a big fan of the consumer staples.  Due to higher inflation, higher interest rates, consumer staples get hit because they use and convert raw materials into a finished good that you and I use as consumer. As a result, their input costs go up, directly affecting their top line sales.  In addition, the consumer staples companies can’t pass on their higher cost to us in fear of losing more business.

Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down due to eroding value of its Kraft and Oscar Mayer products

Party Like It’s 1964

The Dow Jones Industrial
Average DJIA rose 181 points on Friday, making it the ninth straight weekly
gain for the Dow and the first time since 1964 that the DOW rose in the first 8
weeks of a calendar year.

This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on hold. 

In addition, growing hopes that the US and China will come to a tariff agreement in the coming weeks. President Donald Trump described negotiations with Chin as having a “very good chance” of reaching a deal and as a

Crypto Contest February 24: IHT Real Estate Protocol

IHT Real Estate Protocol (Bittrex: IHTBTC) 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, I-House Token began a wave one advance on December 20, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 20. If this wave count is correct, I-House Token should be heading next towards the January 14 peak in the red wave three.

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

Funnymentals

IHT is a smart contract technology and distributed accounting technology developed for the

Universal Display Corporation Is Lighting Up Again

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications.

Universal Display Corp is probably best known for being the OLED screen in the iPhone X and all three of Apple’s 2019 iPhone models.

Despite slumping iPhone sales, Universal Display Corp. recently announced earnings this past week of $0.40 / share on sales of $70.1 million in the December quarter. Analysts expected Universal Display earnings of $0.34 cents / share on sales of $70 million.  On the news the stock price rose

Unusual Options Activity In Caesars Entertainment Corp

Last year, Tilman Fertitta, owner of restaurant company Landry’s Inc. and the NBA’s Houston Rockets, offered $13 a share in cash and stock for the company.

In January, activist / investor Carl Icahn built a 10% stake in Caesars Entertainment Corp. Now Icahn’s is pushing for a sale of the company after Caesars rejected a merger approach by Tilman Fertitta.

The activist investor said in a filing with the Securities and Exchange Commission that he wants representation on Caesars’ board and for the company to refrain from immediately appointing a new CEO.

Caesars’ stock is undervalued and the best way

My TIMM Trading Pit Commentary – Wk Of 2/18/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

Great set-up on oil this morning…2 min demand zone. I didn’t take it, saw it last minute and wasn’t able to asses things on multiple time frames first. Great example of being patient and discipline…that’s my #1

Have You Ever Heard Of Dine Brand Global???

Me either.  However, Dine Brand Global together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally.  I know this still doesn’t tell you who Dine Brand Global is.  How about this…the company owns Applebee’s and International House of Pancakes (IHOP).

Over the last four quarters, the company has surpassed consensus EPS estimates three times.  On Thursday as the stock rose 8% after the company reported a 21% jump in fourth quarter revenue end route to a beat in the fourth quarter.  The company reported fourth quarter earnings of $1.70 per share on revenue of