EURGBPGood Evening Traders, let's get this week started with the zones I am looking for possible trades in for this week.
EURGBP- This pair is pushing higher above the 50ema but is about to run into a Monthly Resistance Zone (brown area) which is an area that I think we could see a nice counter-trend bounce out of the EURGBP. So, for that reason, I will be looking in this area for potential short trades.
Monthly Resistance Zone- (0.91140-0.95020)
Finance
DeFi & ETH- THE BIG NEW TREND IN CRYPTO WITH EFFECTS ON ETHEREUMI did not pay attention too much to the Decentralized finance trend in crypto because until few months ago, just classic lending platforms were on the field. Now things changed. It has reached the front page on the crypto world because of the launch of the COMP token (will talk about it in a seprate idea) and the DeFi future on the exchange you see in the graph.
This one in the chart is a new index that comprises main defi platforms/tokens (you can see a decrsiption if them). This index is really new (started running just few days ago), but already makes us understand that the trend in defi is huge.
DeFi in general is composed by
- DEX (decentralized exchanges),
- Lending platforms and money market platforms (where it is possible to lend or borrow usd or tokens and gain interests on them)
- Derivatives markets (where you can create a synth asset like a token or a commo that replicates the real one)
What do they have in common? They ALL RUN ON ETHEREUM. Considering that an underlying can never be bigger that its "box", an increase in defi will coincide with an increase of the platform it runs on.
Is the trend sustainable? Probably this is now a little hyped, but the trend is for sure upward. If you do not have many clues on each of the companies (always DYOR by the way) or do not want to jeopardize you money in different projects, this index is the answer for you. It is available just on that exchange.
I will monitor a little bit in the folloiwng days DeFi Index and will consider also increasing my positions on ETH.
Let me know what do you think of DeFi
S&P 500 Short Opportunity, via 1-Hour ChartAs we can see, price has shot up, tested the major key level of 3101.6 twice before continuing further up. Right now, it's testing January's previous structure support of 3221 which can potentially become resistance. If price completes this head and shoulders pattern, there shall be bearish movement ahead.
walmart stock prices analysishello friends !
i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price break any of these support , it will move down toward the next support level , after the correction complete and we could see the sign of reversal , i will update the analysis with showed resistance in the chart .
hope it will be useful for you .
5.31.2020
Easiest Trade, fundamental calls for pull backWe have artificially propped up market condition with high prices and low volumes on any matrix. Financial sector is not untouched by it. Recent rally in financial sector feels more like a speculation than value investment. But we're all allowed to speculate so power to all market participants.
However the rally calls for pullback and there's a easiest trade case to be made about FAZ which is 3X leveraged Financial Bears ETF. with great upside returns due to a pullback on fundamental levels. Be aware leveraged ETF is not a product to hold for a long time so quick returns enthusiast should understand risk before buying. Good Luck !
Tesla Inc.: A strong BUY on any short-term declinesThe technical chart of the stock shows a remarkably volatile price action in the last 10 trading weeks with huge appreciations and even steeper declines. Tesla’s stock has always been considered as a rather speculative play for growth oriented investors, thus people who are familiar with the stock are no strangers to volatility. However, the moves that we have observed recently have really set some records for the stock.
After the company announced its 2nd consecutive earnings beat back on January 29th with its Q4 2019 earnings report and also gave an upbeat future guidance for 2020, the stock skyrocketed from $600 to $967 in two trading sessions. Soon after that astronomical 61% gain the stock started retracing and dropped to the $690-750 levels at the end of February, and looked quite comfortable there. However, the stock was then dragged lower with the rest of the market in March as a result of the global pandemic COVID-19 outbreak. The stock broke the initial horizontal support lying at $686, the secondary support at $542 and then proceeded its decline through the $455 tertiary support level to only stop at the 200-day moving average at the $350-360 zone. The company’s market capitalization lost 63% of its value in 4 weeks.
We are long-term buyers of Tesla’s stock as a result of the great fundamental positioning that the company has, as we believe that it is poised to benefit from the accelerated demand for the company’s products in the coming years. Additionally, the fact that the company has finally managed to become profitable and is now consistently delivering strong financial results is another great indication for the bright future ahead for the stock. However, following our cross-sector, multi-layered confirmation correlation model we have concluded that Tesla Inc. (TSLA) will give our followers a better entry point for them to open their long-term buy positions in the stock, in the next few weeks.
Thus, we would be interested in buying the stock on any pullback towards the $686 support level and will look to further add to our exposure to the stock in case the price revisits the next support zone around the $542. Our mid-term targets will be placed at the $890 and $995 marks respectively, with our extended long-term take profit levels positioned at the $1150 and $1220 per share.
For more trading ideas and analyses you can follow us everywhere!
Sincerely,
DowExperts
"Free stuff" part 1: Just tax the rich!Part 1 of my 2 parts (or more?) article on "free stuff".
I will start immediatly by saying that the ultra rich did not become rich by "earning income". They got there by asset appreciation.
Jeff Bezos did not "earn" 150 billion in wages. His company valuation went way up.
So therefore it is impossible for the government to tax the super rich wealth like this. What would they do? Confiscate their shares and sell them? To what idiot?
The way for the government to tax the super rich wealth is to nationalise their companies. This is what is called socialism. Works absolutely great.
They can also confiscate land and give it as bribes to their electorate, like Zimbabwe did. It took a few months for Zimbabwe to say "we are starving we beg you to come back".
Anyone that expects the government to be competitive (lol), or some bureaucrat to be innovative (double lol) is seriously delusional.
Ignorant people can argue all they want: it got tried countless times and always failed in the same way. The debate is settled.
The only industries that make sense to nationalise are the natural ressources of a country. Extracting Oil in particular.
And most people can agree that this is quite fair.
Exploiting the country ressources and of course sharing it with the country is fair. Robbing the hard work of someone isn't.
France is the biggest spender in the world. They spend 55.5% of the GDP. GDP is 2400 billion euros in 2019.
They got a whooping 87 billion euros from income tax. The upper bracket is 45%. Plus 66-70 billion with taxes on companies.
The chart I drew with redistribution. It takes from the rich and raises the bottom 20%. The lower middle class gets scammed because those at the bottom, which are mostly handicapped and very low IQ and so on (they make almost nothing before government spending because they can't work most of the time), get uplifted up at the level of the bottom middle class.
What all those numbers do not show: high taxes on companies means all this money goes to the government, not to the workers, and then the government redistribute it.
Look. The ENTIRE income tax brought 87 billion. Not just the rich. And the government spends way more.
On this page they have a 200 billion project to repay the debt.
www.aft.gouv.fr
In the entire budget it's "only" 330 billion, but that's not 55% of gdp, I guess all the rest is just regular spending (paying police etc) that is not counted in it?
According to the french tax site impotsurlerevenu.org
The top 1% pay 25% of income tax, and the next 9% pay 35%.
With basically a 50% tax on the top 1%. They get about 21-22 billion euros from the top 1%.
Historically raising taxes on the rich has lowered revenue (and raising on every one has increased revolts by a 10000 factor).
Won't go into this, don't want to make this too long.
Assume the top 1% was taxed at 100% and they're absolute suckers they keep making as much money for others. Woohoo! France got an additional 20 billion.
With this they can... do nothing...
People at the bottom, which on average have a much lower IQ but it's a coincidence, think the rich have a horn of plenty, they think so little of themselves (maybe they're right about that) that they see the rich as absolute gods that can multiply bread & wine, but so evil that they keep it all for themselves.
A fun fact is that when the rich put money into the bank or in stocks, it does create some inflation, it would be wrong to say "money not spent is as if it didn't exist", there will be some inflation (althought very little just look at the BoJ they printed so much cash to create inflation and that cash just slept in safe deposits and created nothing, it only creates inflation if the bank lends it...)
Either way, both if the rich keeping their money creates some inflation or nearly none, when the government spends it it creates way more.
And we have seen that the rich are not demi-gods that single handidly generate the whole GDP of a country (lol).
All this "redistributed" money comes from 80% of the populaition, via various taxes (including value added taxes which clearly reduced purchasing power), and via inflation, via government printing money or monetizing debt which steal wealth from the current generation, and the gov taking debt that steals wealth from the future generation.
Taxing the rich won't create heaven on earth. Apart from making voters happy, and maybe feeding those at the bottom 20%, it doesn't do anything.
If taxing the rich made every one happy and beautiful and wealthy and equal, wouldn't the Soviet Union have done it?
Why does China Gini not decrease after the rich get taxed?
Hey and what about the fact that Irish- and African- americans poorest periods were when they were getting a ton of welfare, and best periods economically were when they were getting the least?
I looked again at some pictures from the great depression. People in line for free soup. Both whites & blacks. They disliked getting their picture taken.
And they hated having to queue for soup. They had dignity back then. Compared to today where the government has grown and grown and people of their own will want "free stuff". Absolutely shameful.
Taxing reduces inequality. Yes. It works. It works by uplifting the bottom 20% that cannot survive on their own. Koko the gorilla.
Koko the gorilla won't go to college.
Before the government "help" did you know that university in the USA was really cheap, and poor kids that went there could take a summer job to pay for it?
And you didn't need a university diploma for most jobs?
By "helping", the government has destroyed the system. Universities got super expensive. Students get massive debt. Jobs all require diplomas now, for no reason.
Spoiled brats shot themselves in the leg. Well done.
By "helping", the government has also made house prices go waaaaay up. Absolute bubble. The winners are those that owned a house before.
And the population that cheered, now can barely afford a roof over their head, some get evicted. Well done.
Why is all this so hard to understand? What's in people head? Koko the gorilla probably shouldn't be allowed to vote!
All the Koko the gorillas that think in an emergency we will "just tax the rich" and we will all be fine are going to get a nice surprise and lesson.
Lots of big city folks that don't get enough sleep, play a ton of fantasy games, and drink lots of coffee (its an opoid drug btw), completely detached from reality.
If no one makes stuff, there is no stuff. "The rich" don't have a magic pot with enough stuff for every one.
Inequality went up with industrialization (wageslavery):
link.springer.com
So... To increase equality, really smart voters want to hurt business and produce job security? Yes, less business and more wageslavery, that's what is required!
www.researchgate.net
readersupportednews.org
Lmao suckers got convinced that they will die without the government and their only hope is the government taxing the horn of plenty rich.
I'll end this here or it will be too long.
One last chart:
www.vox.com
Wow! Wealth inequality was lowest in the mercantile capitalism era! During the time of kings not greedy politicians that lie to get votes!
WOW! I never saw that coming! Before "secure jobs". Before "tax the rich". What a surprise! Tax was 99% back then right? No? 1%? LIES!
It's so obvious to me. But suckers are too dumb to understand this and shoot themselves in the leg.
And I might have to move abroad, because they might start a revolution to get more of the bad things that hurt them (lol).
So many people are naive. The rich are not demigods. The rich are not santa claus.
The government does not have a magic wand to steal wealth from the demigod rich to create an utopia.
Chill out and get your lazy bums to work!
ISIG - Absolute Buy - Investment All,
This is an extremely easy buy. The financials on this company are actually insane. They have everything you could need except income. What I mean by that is they don’t have a solid model yet for creating revenue and mainly dropped during the virus. The other part you want to see here is cash, assets and liabilities. The question is do you want to invest in a company with debts but has profits? Or a company with no debt and tons of cash on hand? They both have pros and cons.
I think this company is one adjustment, sales deal to put them over the top on net income and this company will go from .60 to $2-3 easily because they have the financial cash and backing to do so.
It’s also at a bottom all time chart here with very strong support I can’t see the company going down whatsoever.
BAJAJ FINSERV | Bottom is in.This is the cheapest you can get your hands on this stock for.
-Clearly there is a triple bottom formation and institutional buying at these levels
-Volume agrees with it.
- As a trader I would be a huge buyer if the price action breaks above the rectangle.
- If you're a long term hodler this is your time to shine.
Note: Considering Prime Minister Narendra Modi's declaration of an economic stimulus many businesses will see a strong upside. Although I would keep an eye on the current COVID-19 situation.
Happy trading!
-Kautilya.K
Gold H4 - Long Setup Gold broke resistance last week. Technically was trying to reject the H4 resistance of 1738.60, however poor USD retail sales saw a gold break this zone after initially rejection it in the morning. DXY in-between a key zone to trade from too, 100.30 is a key S/R zone. Possible gold longs after a clean retest a support hold on 1738.50
$AMBC can fall in the next daysContextual immersion trading strategy idea.
Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $13,83;
stop-loss — $15,16.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
NZDCAD: Very Important Breakout!
1 month of consolidation and contraction is finished.
yesterday the market has finally broken below the triangle with a high bearish momentum candle and now we expect a further decline.
it is too late to short but you can wait for a pullback to sell from a safe spot.
next strong support levels are:
0.840
0.831
[BTCUSD] May 13, 2020 - ALuoTradingJournal***BTCUSD ***
Resistance Level Entry: 9955 (Depend on the Candlestick signal)
SL (final point for changing in direction) : 11010 (Depend on the Candlestick signal)
TP Resistance level (Ideal TP): 7305
Comment:
Bitcoin is currently going on its triangle channelling, there is a possible opportunity to short Bitcoin if it once again reach 9955 resistance level. This will depend if the strength of the price momentum at that time continues to go up or not. We can discuss further when it actually gets there in our WeChat Group.
(Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.)
Roger V WeChat: lokiho512
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.