Buying
Coty - turnaround ahead?For a very long period of time NYSE:COTY was a troubled company with deteriorating fundamentals.
However, right now, it is trying to transform itself and improve both financials and position in the market. Top management really believes in turnaround, insiders purchased around $100 million in stock last year!!!
And now it looks like stock might be finally ready to go much higher also from technical perspective. Large inverted H&S in the making, and strong breakout of bullish flag yesterday. Volume also supports higher prices ahead, (you can see that on up days it is much higher compared to down days).
So low risk entry at current prices with stop just below recent lows might yield very good investment returns. I am buying.
LMB a promising "January effect" playSmall- and micro-cap stocks trading near their 52-week lows tend to outperform the market in January. One of my preferred picks to profit from the "January effect" is Limbach Holdings. Now far off its 11-dollar highs earlier this year, LMB has some upward momentum in both its share price and its analyst ratings. Expected to greatly improve its earnings in 2020, LMB looks undervalued and poised for recovery in January. The stock has had 7 insider buys and only 1 insider sale in the last 3 months.
Generational buying opportunity of BTC?Dear fellow readers!
The chart presented above represents my idea of the so called generational buying opportunity of BTC , which recently has come up in the news.
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be of any financial advice.
Do your own research and try to understand the fundamentals regarding any investment you take into consideration.
The websites and projects “advertised” are not mine, nor am I in any marketing or affiliate relationship with them.
Personally I am invested into this project, so of course I am biased, that is why I tell you to get educated and do not just put money in anything,
because somebody on the internet is writing good about it, scrutinise critically and if you are more than confident, do whatever you want for your good.
Regarding the generational buying opportunity, in my opinion there is really not much to talk about, I believe if these or lower levels should be reached before the halving,
the market has bleeded enough and finally washed out the weak, being cleansed and able to reach new highs. At least we hope so :D. Before I forget, as far as I know,
CME or any futures contracts does not directly influence the price of BTC , it’s influencing it indirectly, because the institutions does not have to be invested into BTC .
Okay, that’s downside enough, but it does not directly influence the price of BTC . I guess, the most powerful individuals are the miners. In case of some miners capitulating
and dumping the market to upgrade their mining equipment, which by the way will be delivered between 1st and 10th of dec.
I do have some concerns about the mining industry, recently I was watching a video on youtube concerning the mining industry. It’s a bit confusing, e.g. bitmain develops new miners,
mines with them, develops one or even two new generations in parallel. The old generations are sold to mostly so lalala profitable miners, while bitmain mines with the new generations,
while developing the next generations miners, selling the old used ones, is this even profitable enough. My guess is, it’s not profitable now, but if you are in this business long enough
even semi-professional, you should have been able to accumulate a large enough amount for backup on your cold storage.
Just keep calm, DCA and almost forget about it, this technology in my opinion is made to stay and will not vanish and that's why I guess mining is profitable enough, in case you own a
decent sized operation, I do not mean people mining at home with a small rig, just to hope to get the reward by luck, which of course are very important for BTCs decentralized nature.
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all I
am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
Cheers
GOLD CUP AND HANDLE PATTERN:- LONG OPPORTUNITYThe other day I posted a USD/CAD cup and handle pattern that we expect to push the pair upward and I thought I should just post this here to show you how the pattern works for those who do not know.
This GOLD with another opportunity to go upwards to the level of 1600 and this is based on the cup and handle pattern that created a strong opportunity bullish to the levels that Gold is trading at right now.
Check it out and enjoy your trading. Remember to use well thought out risk management strategies.
CREE - Symmetrical Triangle Breakout + Insider BuyingCREE has formed a symmetrical triangle pattern going back to the early September low. The price just broke out of the pattern yesterday & is continuing the move today. There was also insider buying by one of the directors yesterday, for those who pay attention to that.
The price target for the pattern breakout is $60.
Fed’s decision: sell dollar, buy gold & CADBefore moving on to the main event this month, and perhaps the next one too, we will talk about yesterday’s events.
As usual, the most interesting news is coming from the UK. Johnson could find support for his idea of an early election. So in December, the British are expected to have the third parliamentary election over four years. According to some experts, they can become a kind of referendum on Brexit. If residents give preference to parties opposed Brexit, then Brexit might be cancelled.
Our position on the pound has not changed. On the contrary, we believe even more strongly that the pound will rise. Yesterday its strengthening only confirms our idea. But everything goes to the point that its growth will be delayed by at least a month and a half.
Wednesday can be called the main day of the week because today the Bank of Canada and the Fed will announce their decisions on the monetary policy parameters. The results are appearing to be clear, but the foreign exchange market might be wide open with its reaction.
So, the Fed with a probability of 95% + will lower the interest rate by 0.25%. Formally, this is a powerful bearish signal for the dollar, as lowering the rate today will be the third in 2019. And this is considered as a trend. The last time the Fed launched a full-fledged rate reduction cycle, the dollar lost about 15% of its value in the foreign exchange market. That is why we will sell the dollar today, despite its stubborn reluctance to decline.
As for the Bank of Canada, the rate is likely to remain unchanged. Against the background of a potential Fed’s decision to cut the interest rate, in our opinion, this will be an excellent occasion for a further USDCAD reduction. Therefore, today we will sell it (if the Bank of Canada leaves the rate unchanged, and the Fed lowers the rate). based on technical analysis, of course, it is worth waiting for a breakdown of 1.30 and enter the position below 1,30 right after stop losses execution.
Gold looks quite good for purchases in anticipation of the Fed rate cut. Current prices are attractive in their own right, and a decrease in the Fed rate will only add arguments in favour of gold purchases (recall, one of the key problems of gold is the inability of the asset to generate stable income, unlike the dollar in the form of deposit income or purchases of treasury bonds).
Insider Trading?Looks like there was a massive volume spike out of nowhere and with no relavent shift in momentum when it occured. It was out of the blue which to me seemed a little strange at the time until I got an email this morning stating that OMG would be added to Kracken... Then I remembered.... Nothing happens by accident... May keep running but Im not going to chase it. Im going to trade with the DOM trend and short other ALTBTC pairs.
God Speed,
Mr. Manbearpig
Kenji signals: buy GOLDToday, the indicator "Kenji" on the daily GOLD chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of GOLD is currently in the active downtrend phase (the area between the fast and slow averages is colored blue). At the same time, current prices entered the sell zone, which led to the formation of a "buy" signal.
The long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a sharp divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
$RRR A Compelling Long-Term Play Based On Fertitta Bros BuyingRed Rock Resorts owns a majority indirect equity interest in and manages Station Casinos LLC ("Station Casinos"). Station Casinos is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station Casinos' properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Palms Casino Resort, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Fiesta Rancho Casino Hotel, Fiesta Henderson Casino Hotel, Wildfire Rancho, Wildfire Boulder, Wild Wild West Gambling Hall & Hotel, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem and Wildfire Lake Mead. Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes and The Greens. In addition, Station Casinos is the manager of Graton Resort & Casino in northern California.
In market there are no coincidences & insider trading is rampantReliance Chronology of Insider Trading
August 07, 2019 Wednesday: On it made its low and closed around 1110,
August 08, 2019 Thursday: Reliance Gains 4% (13M vol) ~1500Cr @ median price of day
August 09, 2019 Friday: Reliance Gains ~1% (10M vol) ~1100Cr @ median price of day
August 10, 2019 Saturday: Market Remain Closed
August 11, 2019 Sunday: Market Remain Closed
August 12, 2019, Monday (Bakarid Holiday): RIL Annual General Meeting was held | Market Remain Closed Bakarid Holiday
www.timesnownews.com
Highlights of AGM can be seen at
Reliance AGM 2019 Key Announcements | The Quint
www.youtube.com
www.financialexpress.com
August 13, 2019 Tuesday: Markets open with a gap of 6% and the stock gains ~10% in a day (47Millon volume in a day) total ~70M Volume in 3 trading days making it about
8,400cr Buying volume.
August 14, 2019 Wednesday : ~1.5% Down with same (13-14M vol) ~1800Cr @1294 median price of day
August 15, 2019 Thursday: National Holiday
August 16, 2019 Friday: ~1.5% Down with same (10M vol) ~1280Cr @1285 median price of day
So who ever had the insider information gained about ~500cr in 4 trading days or a week
August 17, 2019 Saturday: Market Remain Closed
August 18, 2019 Sunday: Market Remain Closed
== Media Hears the News ===
Aug 19, 2019 | Source: PTI
RIL shares have gained ground since the announcement of a host of investor-friendly proposals at its annual general meeting held early last week.
www.moneycontrol.com
I am starting to believe that in market there are no coincidences & insider trading is rampant
Well i can be wrong who am i a nobody.
Dollar Anomaly and the Fed DayBritish pound reached a three-year low yesterday. The pound was sold out on growing fears of a potential ‘no deal’ Brexit. Investors perceive Johnson's words at face value. We do believe that nothing more than a snare which is based on an attempt to gain an advantage in the negotiation process. So, the markets are wrong, and the pound current price does not correspond to its REAL PRICE - it is very undervalued. Therefore, we continue to recommend its purchases across the entire spectrum of the foreign exchange market. Especially against the dollar.
As for the dollar, the situation has not changed much - it continues to show its strength although today the Fed might deal a severe blow to it. We have already noted that the markets estimate the likelihood of curring the interest rate at 100%. The current probability that the interest rate will be reduced 3 times by January 2020 is about 70% (!). And this is a serious signal for dollar sales, that is going to be a cycle of rate cuts, that is, a reverse in the Fed’s monetary policy. The vector change cost 15% loss of the dollar price.
Once again, we note that the foreign exchange market cutting the interest rate probably did not take into account. For example, the stock market has responded with new historical highs — a “classic” reaction for such situations. The bond market also took into account this. And the dollar in the foreign exchange market behaves abnormally. Anomalies do not often occur in the financial markets and this fact must be used. So today we sell a dollar.
In addition to buying the pound and selling the dollar, we will continue to sell the Russian ruble and oil, buy the Japanese yen.