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GBPUSD Consolidation Negative BiasFUNDAMENTALS UK: Despite a small increase in the CPI due to easing lockdown measures, the BofE is unlikely to change its stance. The market will react in consolidation to last week's news in the UK of the uncertainty of a post-Brexit trade deal with the EU, the UK's debt being larger than GDP and the figures casting a recession. USA: Unemployment figures start to weaken and US geopolitical tensions rise between Biden/Harris and Trump/Pence. The Fed still will not change its attitude and will continue to purchase assets at least at the same rate that it has done in the past few months. Coronavirus new cases begin to fall. TECHNICALS This leads me to believe the market will not rise above the resistance level, though it will come close to reaching resistance if the price pierces through the 200period EMA - therefore it is unlikely a trade will arise in the next few days on this pair. Possible price movements are displayed on the chart. Overall, I have a negative outlook on this pair; news in the UK seems to be more prominent than news in the US and with 2 consecutive daily pushes downward a third is easily on the horizon.
Short
by harryspencer
Best investors of our timeHere are the best. Under 10 years it's too luck based, and even up to 20 years. So all the people on the list will always be old. Warren Buffet & Jesse Livermore started investing full time in their teens (Warren started at 8 but the track record starts later maybe late teens or twenties, Jesse started at 14 I began the track record estimate at 16), George Soros started in his 30s, Jim Simons started in his 40s and his monstruous medallion fund was launched on his 50th year. For Jesse Livermore I looked at Dow Jones dividends reinvested returns from 1893 to 1930 which were about 11%, and he managed to grow to 10k in 1893, made 100 million in 1929 (so he had 100,000k + x) so he made at the very least 30% a year... Why I placed him at 18-19% over the stock market returns, but it is possible he made more than this. In any case he got better results than Soros. Special mention: Carl Ihcan got returns of 26% from 1968 to 2011 versus Buffet 20% (or at least that's the book value of Berkshire), while the S&P with dividends reinvested over that period produced 9.5% so Buffet overperformed by a little over 10% and Ihcan by 16% putting him above Warren Buffet (but for less long) and close to Jesse Livermore & George Soros. But since then Ihcan has done terribly, so Warren Buffet is still numero uno. Jim Simons secretive medallion fund made 66% a year over 30 years so that's an overperformance of pretty much 55%. This is not where all his money is, and the fund is capped so there won't be growth futher (for medallion fund, but overall he'll still make lots of money via medaillion flat gains & his other funds). The overrall perf is so off the charts anyway that in any case he is clearly number 1. In the game we got: - An overwhelming majority of sheep shadowing the stock market and making sure they perform same as the rest of the herd every quarter - Alot of fundamental investors (including short sellers like Jim Chanos I guess) - A couple of value investors - A handful of speculators (why bother if you can't beat the stock market anyway? Investors that speculate on the side to reduce portfolio volatility not included) - A herd of retail traders that look at oversold indicators, fight obvious trends, and think they'll beat Livermore that could read & write at 3 years old - 1 secretive mathematician/geometrist/pattern recognition master (wink wink) that finds patterns in enormous amounts of data - Hundreds of day trading educators that claim they can massively outperform a one in 100 million genius that gets his edge from seeing things others cannot
TVC:SPXEducation
by MrRenev
38
"Goody Bag", for Breakout Traders!Price-Congestion is going to mature. After accumulation or distribution process from money-makers, price will move far away from current value which will be result as Breakout. Right identification of Breakout will fill your portfolio but, always require patience. There're lot of traders works when breakout. If you are this type of trader, then ready! Point should be careful while breakout are following: Pin Bar Volume surging with price Gap Invalid candle Last and First of secession etc. Best of luck...!
NYSE:D
by Jay_shree
18
Ahrvo Daily Movers ⬆: B2Gold CorpWhat is B2Gold? B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. Furthermore, it has a portfolio of evaluation and exploration assets in Mali, Burkina Faso, Colombia, Namibia, and Finland. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada. Ahrvo Stock Scores BTG has been a top 50 stock on Ahrvo for over six months. B2Gold is rated STRONG BUY and has an AhrvoScore (overall score) of 99. Over the last 3 months, B2Gold’s Momentum Score, Quality Score, Value Score, and Growth Score have remained stable at 99 (flat), 88 (flat), 89 (+1), and 100 (flat), respectively. Out of the 7,000+ companies we cover, BTG’s Momentum Score, Quality Score, Value Score, and Growth Score ranked in the top 1%, 12%, 11%, and 1 %. Relative to competitors, B2Gold ranks higher across all stock scores: AhrvoScore 99 vs. 58, Momentum Score 99 vs. 82, Value Score 88 vs. 43, Quality Score 88 vs. 37, and Growth Score 100 vs. 41. Our Take We are experiencing the largest devaluation of currencies in our lifetime. Over the last month, monetary and fiscal policy officials across the globe have turned on the spigot- substantially debasing their currencies in an effort to support coronavirus riddled economies. In the U.S., the Federal Reserve has injected $8 trillion of dollars into the economy, while the U.S. government has plowed an additional $3 trillion. In Europe, the Italian government is spending $900 billion, Germany is spending ~$800 billion, while Spain and France have allocated $200 billion and $121 billion, respectively. The European Central Bank is injecting nearly $1 trillion as well. In Asia, the Bank of Japan doubled its ETF purchases to $114 billion and the Japanese government is injecting $1 trillion into its economy (20% of GDP). All of these things are bullish for gold, which is fixed in supply and tends to perform well during economic uncertainty when government officials resort to devaluation. Bank of America analysts have placed a price target of $3000 on gold, 73% higher than the current price. As a miner of gold, BTG is poised to benefit from the rise in prices. The correlation (relationship) between BTG’s stock and gold is moderate at .61 but has been trending upwards since the beginning of April. After a pullback last month, BTG price action has accelerated, up 85%. Gold was up 16% over the same period. Given the run-up in price, BTG’s relative strength indicator of 68 is approaching overbought territory and may need to pullback before investors take a position in (buy) the stock. On a year-to-date basis, Gold is up 13%, while BTG is up 25%. -Appo Agbamu, CFA This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
AMEX:BTGLong
by AhrvoStockApp