Log in

Tag: trading

Crypto Contest January 28: Dent

January 28, 2019 Published by

Dent (Binance: DENTETH) 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, Dent began a wave one advance on August 6, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 30, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 2 this year. If this wave count is correct, Dent should be heading next towards the October 30, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dent is tokenizing the mobile data industry and creating a world-wide marketplace to

Steem Price: That Bearish U-Turn Came to Fruition

January 28, 2019 Published by

A few days back I mentioned how the price of steem formed a bearish u-turn pattern on the daily chart after testing that 40 cent area.
The volume was weak on it so I thought, maybe it won’t play out.
Unfortunately the Bear Roared

The gold circle from my original chart points out the bearish u-turn pattern marked by the reversal candle (first red candle of the past six red days) and the pattern has played out with the following sell off.
Possible downside targets are the 25 cent level that acted as a bottom on the past two little pull backs.
Conclusion
What this basically

Forex Analysis Report 1-27-19…Will The USD/CAD Continue To Rise??? – Part 3

January 28, 2019 Published by

Several weeks ago, I talked about a trade set-up where I was looking to short the USD/CAD, but it never pulled back.

So, I identified another trade set-up on the 60 min time frame with the opportunity to jump on the short which I talked about in that same post.

Forex Analysis Report 1-10-19…Will The USD/CAD Continue To Rise??? – Part 2h

The USD/CAD broke below the 1.33 handle was went down more than 100 pips on Friday during the US forex session.

U.S. dollar went down ahead of this week’s FOMC meeting because the expectation is that the Feds aren’t going

BITCOIN: another possibility…

January 27, 2019 Published by

With such a tiny volume is being really difficult to find any indication that show us the next move of BITCOIN and so, the direction of the Market.

The positive view now is that BITCOIN is still within the correction of a first wave within an upwards cycle…hopefully.

BITCOIN may be forming just a long Bull-flag, ending the wave 2 as I show you below:

Breakage of this Bull-flag upwards could be on (d) or after rebounding on (e)…

The upper Dashed line is marking the limit… we have to pay attention to that line because it is very likely that BTC has already

Unusual Options Activity In Advanced Micro Devices

January 27, 2019 Published by

AMD had a great 2018, was at one point the highest returning stocking in percentage through most of the year, until October. You see, in October, AMD reported their revenue of $1.4 billion to $1.5 billion for the fourth quarter vs revenue expectations of $1.6 billion. Their forecast was also short of expectations. This news sent the stock price crashing down.

This past week Intel reported earnings that missed Wall Street’s revenue targets and forecast the next quarter that would be lower than Wall Street estimates as well. Thus, the stock sold off 4%.

Most investors in the tech world

Crypto Contest January 27: Pal Network

January 27, 2019 Published by

Pal Network (Bittrex: PALBTC) 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, Pal Network began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 25 this year. If this wave count is correct, Pal Network should be heading next towards the December 28, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Pal Network is decentralizing insurance. BlockchainBrad interviewed the CEO back in November

Metal Analysis Report 1-26-19…$1330 In Sight

January 27, 2019 Published by

I last posted about Gold two weeks ago,

Goldman Sach Just Jumped On The Wagon

Goldman Sachs Group Inc. is leading a pack of bullish voices cheering for gold. The bank’s analysts led by Jeffrey Currie raised their price forecast for gold, predicting that over 12 months the metal will climb to $1,425 an ounce — a level not seen in more than five years.

Gold had an amazing day, increasing a little over $18 on Friday. Gold finished the day above $1,300 again at the highest since June. As you know, Gold is a safe haven, so the recent shutdown issues

The Oprah Effect Strikes Weight Watches – Part 2

January 26, 2019 Published by

Five months ago, I talked about the halo effect Oprah Winfrey was having on Weight Watchers,

The Oprah Effect Strikes Weight Watches

Nevertheless, due to the Oprah Effect, the stock price of Weight Watchers is up a staggering 1000% since Oprah took a stake 10% in the company some years back, became a board member and become the face of the program, and appear in ads and commercials.

So on Friday, when I saw the price stock in the $30s I had to investigate.  In March of last year, Oprah made $110 million by selling 2 million shares in Weight Watchers…that was a

Crypto Contest January 26: Memetic

January 26, 2019 Published by

Memetic (Bittrex: MEMEUSD) 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, Memetic began a wave one advance in December 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 December 2018. If this wave count is correct, Memetic should be heading next towards the December 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Memetic is a Proof of Stake cryptocurrency platform for the Kekdaq decentralized exchange and IPFS meme storage platform.

McCormick Got Grinded Up This Week

January 26, 2019 Published by

McCormick (NYSE: MKC) manufactures, markets, and distributes spices, seasoning mixes, condiments such as Zatarain’s, Lawry’s, Old Bay Seasoning, French’s, Frank’s Red Hot, Mojave Foods, Cattleman’s.

McCormick announced fourth quarter earnings on Thursday and reported sales of $1.50 billion vs expectations of $1.55 billion and earnings per share $1.67 vs expectations of earnings per share of $1.70.  McCormick cited higher marketing and freight cost and weakness in Asia and Europe as some of the reasons for the lowered numbers. 

NOTE: had it not been for their acquisition of the Frank’s and French’s brands in the summer of 2017, sales and earnings would have

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

Latest Media