-Here we are back with the stock market again. Where are we headed? Everyone expects different outcomes. We all expected November to be harsh due to the tapering talks but nothing really happened. Then the new virus coming from Africa hit the market, everyone expects something, but again, market is not really moving in any particular direction. -Since the...
1) Currently unprofitable 2) Amid the dropping revenue, Co-Founder XU takes half a billion in compensation, that's unheard.. This guy is milking as much as he can before the cow gets old 3) 14x the book value, but hey, these days everyone is flying way above their fair values, so what? Well lets compare to the main competitor the UBER then. While uber is...
-Like we said in the previous post, tapering is adding a great amount of strength to DXY. Although it haven't started yet, but we all can already witness the rise. -Our first target is at 1.31700 -Closest resistance for a re-test is standing at 1.37, doesn't look like it is going to happen.
-The closer we get to the tapering, the stronger DXY gets. -We are putting our short-term target at 1.12! -Closest Resistance at this point it standing at 1.15, but we doubt that it will even rise that high.
-GBP/USD reverses Friday’s rebound, two-month lows back in sight. -Cautious BOE, USD bounce and Brexit woes weigh on the cable. -Bearish daily RSI points to more weakness on the cards. -The mixed market sentiment combined with escalating Brexit concerns take the wind out of GBP/USD brief recovery from two-month lows of 1.3424 reached Friday. Brexit News: UK...
-EUR/USD: A break above 1.1600 would expose 1.1650; otherwise, it could fall towards 1.1400. -The EUR/USD advances for the second day in a row, beginning the week in the right foot, up 0.18%, trading at 1.1587 during the day at the time of writing. =Positive market sentiment as witnessed by rising US stock indices surrounds the financial markets. -In the FX...
-In the latest COT report, covering the week to October 26th, speculators reduced long exposure to the US Dollar for the third consecutive week as net longs fell $1.9bln. Short-term target: 0.5892
-The one notable mover in October has been significant JPY weakness. This has been very marked. -So, the one question that was crucial was, 'Is the BoJ worried about this?' The answer is 'no, not at all'. The BoJ is quite happy to see more JPY weakness. BoJ's Governor Kuroda said: 1)JPY moving within the range of current fundamentals 2)The yen has...
-If buyers start to regain the upper hand and lift the price above the 50-period SMA at 0.7505, sudden upside limitations may transpire from the Ichimoku lines at 0.7516 and 0.7520 respectively. -If the positive traction off the cloud’s upper surface extends, the bulls may face a resistance band of 0.7546-0.7555, which has been shaped between the recent highs in...
-Earnings are forecast to decline by an average of 7% per year for the next 3 years -Currently unprofitable and not forecast to become profitable over the next 3 years -Significant insider selling over the past 3 months -Shareholders have been diluted in the past year Our opinion is to short in small amounts this one. Target: $84
-Great stock, popular among kids, recently posted amazing financial returns. -Load the Dip!
-Faced with the fastest-rising real estate prices in U.S. history, Zillow Group Inc. tweaked the algorithms that power its home-flipping operation to make higher offers. -It ended up with so many winning bids that it had to stop making new offers on properties. Now, after buying more homes in the third quarter than it ever has before, the company is working...
-SPY passed the previous high now its the time for the QQQ to pass its previous high. -We expect the QQQ to pass it before the November Tapering talks, so couple calls might be bought for a quick short return. -Recommending ITM calls with at least a month in expiration for a smaller Theta Decay.
-While the equity market is recovering and still has the fear of a drop in it, the Crypto market is bullish and keeps rising non-stop. -Now where to open a spread or a leap? Well here comes the BITO for the help! With the low price and bullish rising underlying, it is a one-stop instrument for spread investors! -We see the current levels as a safe entry for a...
-Alibaba recovered a lot, but will it keep up with the rise? -With the current uncertainty on the BABA, these are some of the possible support and resistance lines for the company.
-With the rising greed and less fear in the crypto market, we are set to break the milestones with BTC and ETH. -For ETH the next milestone stands at $5,000. -If a drop will come from the current resistance that stands at $4,200-4,400, the ETH most likely will fall back to the intersection where strong support was formed ($3,400). -For now, we are standing very...
-With the current tariffs on China due to the U.S - China trade war, all major U.S based importers and manufacturers are moving to countries such as Indonesia, Malaysia, Turkey, Russia, and India. -With a continuously growing economy and an Artificial Intelligence market that's worth of $8 Bn, what's better than investing in India right now? -U.S equities are in...
-As volatility within the market drops, so did the fear. Now investors are more confident to raise their bets on volatile/uncertain investments such as cryptos. -Next resistance stands at around $60,000 - $65,000. -The Crypto Fear & Greed Index is 70 again which is a sign of greed within the crypto market! Time to load the BTC.