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Nothing burger day

For Trading October 14th
NASDAQ HOLDS ON
BANKS BEAT BUT FALTER
JNJ & LLY “Pause” Trials
Yesterday I used the headline, “NOT AS GOOD AS IT LOOKS” and today’s action was a bit more appropriate versus the internals. Several banks reported this morning and even though they easily beat and started on the upside, by midday they faltered and finished lower. The DJIA was -157.71 (.55%), NASDAQ -12.36 (.10%), S&P 500 -22.29 >53%), the Russell -12.21 (.74%) and the Transports the biggest loser -97.22 (.82%). Internals were about what you’d expect at 2:1 down NYSE and 1.7:1 on NAZ. The DJIA was exactly the opposite of yesterday with 23 down and 7 higher. BA was the biggest loser paring $34 DP’s and DIS and HD were the biggest gainers adding $27 and 23 respectively.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
Tonight’s closing comment video: https://youtu.be/CO-kgUMupeo
Todays interview with Joe Moscato, CEO of GNBT will be available tomorrow. Joe has a great company and as soon as I get the link I will post it here, on What’sApp and in the Discord room !!! SECTORS: There was good news for the banks but by midday it just didn’t matter. Both JPM and C had good reports and were higher early, but both closed near the lows of the day, in negative territory. DIS announced a reorganization of the company to stress the streaming business and although it was higher last night and this morning, it still managed a net gain on the day. NFLX is discontinuing their “try us for a month for free” and the market loved it sending the stock back to a triple top that breaks out with a close over $556.55 My bet is that it will go thru shortly. TSLA also looks to me like it wants to breakout again, but just a note of caution, they both report next week, NFLX a week from today and TSLA a week from tomorrow. Geez, I hate earnings season!
New Group: AIR & CRUISE LINES were LOWER with CCL -.96, RCL -8.75, NCLH -1.33, AAL -.65, DAL -101, LUV -.25, UAL -1.20, HA -.20, ALK -.62, and XTN $61.05 -.64 (1.03%).
FOOD SUPPLY CHAIN was MIXED with TSN -.01, BGS +.11, FLO -.01, CPB +.68, CAG -.07, MDLZ +.25, CALM -.58, JJSF -1.761, SAFM +5.73, HRL +.54, SJM +.17, PPC -.08, KR +.12, and PBJ $34.84 +.28 (.79%).
BIOPHARMA was MIXED with BIIB -.02, ABBV -.21, REGN +5.45, ISRG -.32, GILD unchanged, MYL -.28, TEVA -.08, VRTX +1.49, BHC -.35, INCY -.96, ICPT +.88, LABU + 3.04, and IBB $144.80 +1.15 (.80%). CANNABIS: was LOWER with TLRY -.40, CGC -1.09, CRON -.20, GWPH -.38, ACB -.18, CURLF +.06, KERN -.03, and MJ $11.62 -.26 (2.19%).
DEFENSE was LOWER with LMT +1.03, GD -1.49, TXT -.88, NOC -2.91, BWXT -.98, TDY -7.51, RTX -1.03, and ITA $162.68 -2.16 (1.31%).
RETAIL: was MIXED with M -.09, JWN -.20, 8.35, TPR -.23, CPRI -1.24, and a new addition GPS +.04, and XRT $54.52 +.47 (.87%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +2.48, AMZN +7.07, AAPL -3.11, FB +1.19, NFLX +14.19, NVDA +2.36, TSLA +5.62, BABA +2.76, BIDU -.77, CMG +47.07, CRM +2.19, BA -4.96, CAT -.47, DIS +4.48, and XLK $123.09 -.37 (.30%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -2.62, JPM -1.49, BAC -.71, MS -.27, C -2.15, PNC -5.25, AIG -.59, TRV -3.65, V -1.71, and XLF $25.02 -.49 (1.92%).
OIL, $40.20 +.77, Oil was near recent highs and sold off hard Friday touching $37.61 (down about 6%) before mounting a rally back to close +2.17. The stocks were LOWER with XLE $30.39 -.48 (1.55%).
GOLD $1,894.60 -34.30, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $11440 -190. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $12.39 -.28 today.
Tomorrow is another day.
CAM
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Slowish Up Day

For Trading September 10th
Kinda Boring Day
Nothing Exceptional
Is TIK TOK Really a Deal?
Today’s market started without a lot of market moving news, although the futures were higher as European markets shrugged off the overnight weakness that carried over to Asia and was higher. The JOLTs # came in at 6.615 million, above the 5.9 expected and there was also a slight revision higher for last month. The market actually had good reason to go lower again with the Astra Zenaca’s news on their vaccine trial, the lack of any stimulus action, and the lack of demand in airline travel. But it didn’t, and although we were higher all day, the volume was week and the A/D’s were nothing to write home about. The DJIA was +439.58 (1.6%) but was up over 700 but the last 30 minutes saw it fall back, NASDAQ +293.87 (2.7%), S&P 500 +67.12 (2%), the Russell +21.,89 (1.45%), and DJ Transports +164.11 (1.5%). The DJIA was exactly the opposite of yesterday with 26 higher and 4 down. The biggest winners were MSFT +57, HD +52, UNH +33 and AAPL +30 DPs and there were no double-digit losers.
Tomorrow we have Initial and continuing claims. Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TODAY’S RADIO SHOW: https://youtu.be/DK2hmC0GXFk With my guest: Dennis Marlow! Tonight’s closing comment video: https://youtu.be/bRFoE2jG1B8
SECTORS: We started off the day yesterday with GM taking a $2Billion stake in NKLA and NKLA planning to utilize the GM factories to build their “prospective” pickup truck. Both stocks were higher with NKLA gapping up to open $46.00 and trading as high as $54.56 and closing $50.05 +14.50 (40%), while GM opened $31.55, trading $33.33 and closing $32.38 +2.38 (7.93%). Today they figured out that an upstart with no experience and an old-line auto manufacturer that spend the last 3 decades doing poorly and eliminating several of their lines of business might not be all rainbows and lollipops and sent NKLA back in the opposite direction, losing a touch over half and closing $42.37 -7.68 (15.34%). GM fared better losing only a fraction. LULU posted solid earnings growth and a beat on both earnings and revenues, but it just wasn’t enough as the stock which closed $349.80 -11.61 but then fell to $324 and it was $329.50 -31.91 (8.83%). Today it fell to $315.25 and finished $323.93 -25.87 (7.4%). Slack did a little better and finished $25.24 -4.06, about $2.00 higher than it was trading in after-hours. Today’s action in TIF was not as bad as I would have expected with LVMH calling off their engagement based on some BS order from a government agency that said they should “postpone the marriage” until next year (long passed the agreed date) and essentially violating the agreement. Stay tuned for the lawyers’ statements on both sides. And the big winner was Intra-cellular Therapies, ITCI who had solid topline results for its Bi-polar drug and the stock closed yesterday $18.43 and after trading $42.99 in the pre-market it opened $31.15, traded to $33.74 and closed the day $31.86 +13.43 (72.87%). We also had news late this afternoon that there may be some room for negotiation with the powers that be, to find another way to deal with a deal that DOES NOT involve a sale of TIK TOK. So, does that mean that MSFT, WMT, CRM and any others give back the out-sized gains on the speculation that they were going to own it??
FOOD SUPPLY CHAIN was HIGHER with TSN -.33, BGS +.84, FLO +.20, CPB +.38, CAG +.87, MDLZ +1.11, KHC -.01, CALM -.12, JJSF -1.04, SAFM -.59, HRL +.42, SJM +1.60, PPC +.02, KR +.83, and PBJ $33.69 +.62 (1.88%).
BIOPHARMA was HIGHER with BIIB +4.10, ABBV +1.51, REGN +9.26, ISRG +25.31, GILD +.32, MYL -.39, TEVA +.07, VRTX +4.43, BHC +.27, INCY +1.65, ICPT _+.18, LABU +2.85, and IBB $129.36 +2.48 (1.95%). CANNABIS: was HIGHER with TLRY +.06, CGC +.81, CRON +.11, GWPH +1.37, ACB +.04, NBEV +.03, CURLF +.04, KERN +.08, and MJ $11.75 +.44 (3.89%).
DEFENSE: was HIGHER with LMT +6.77, GD -.76, TXT +.26, NOC +4.85, BWXT +1.09, TDY -.42, RTX +.65, and ITA $162.42 +.28 (.17%).
RETAIL: was LOWER with M -.06, JWN -.72, KSS -.15, DDS -.04, WMT +2.24, TGT +3.99, TJX -.49, RL -1.55, UAA -.35, LULU -22.80 (6.52%), TPR -.30, CPRI1.41 (7.89%), and XRT $51.27 +1.09 (2.17%).
FAANG and Big Cap: were HIGHER with GOOGL +29.40, AMZN +124.21, AAPL +5.69, FB +3.84, NFLX -4.27, NVDA +37.73 (7.92%), TSLA +44.73 (13.55%), BABA +4.32, BIDU +.02, CRM +11.73, BA +.42, CAT +4.87, DIS -.30, and XLK $117.33 +4.55 (4.03%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +1.02, JPM +1.33, BAC +.13, MS +1.08, C +.50, PNC -.39, AIG +.28, TRV +.92, AXP +.11, V +4.77, and XLF $24.89 +.25 (1.01%).
OIL, $38.05 +1.29. Oil was higher in today’s trading and drifted all day. I am looking for about another $1.00 or so before I would consider buying it for a bounce. Nat Gas was unchanged at $2.406 and closed a gap left on the upside that occurred when we were long last month. I was looking at UNG (NG ETF) as a proxy to get long and we bought the UNG 10/16 $14 calls @ $ .57 today.
GOLD $1,954.90 + 11.70, sold off early but didn’t break below the $1905 area I am using as support. It turned back and rallied and closed right near the highs. I did a short update video today: https://youtu.be/KJgk-wmVJ4U I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.76, and we also added some October 70’s at $1.65 which closed $2.85.
BITCOIN: closed $10,320 +305. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $11.52 +.42 today.
Tomorrow is another day.
CAM
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Tesla > 2k

For Trading August 21st
INITIAL CLAIMS UP OVER 1MM, Again
LEI +1.4%
TSLA TOPS $2,000!!
Today’s market started on the downside but turned around and headed higher to close up on the day. Only the Russell couldn’t get with the program. There was some early disappointment brought on by the number of initial claims jumping back over 1 million after only 1 week under the magic number. LEI, leading economic indicators, were higher for the third month in a row at +1.4%. The DJIA was +46.85, NASDAQ at another new high +118.49 (1.06%), S&P 500 +10.66 (.32%, and the Russell -7.77 (.49%). Market internals were soft with NYSE 1.6:1 down and the NASDAQ 1.5:1, with a slight increase in volume. DJIA stocks were 19 down and 11 up with the leading gainer AAPL, adding 70 DP’s, MSFT +34, and V +23. On the downside we were led by HD and UNH both down just 14 DP’s.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video: No Closing Comment tonight
SECTORS: While it isn’t necessarily my focus, it’s difficult to not key in on TESLA breaking $2,000 today. A week ago, someone in the Discord room asked what I thought, and I gave them an opinion that once we closed over $1,643 that we were headed directly to $2,000-2,100 on a straight shot. I really had a high degree of certainty but thought it would take more than 4 trading days to get to that range! UBER and LYFT both threatened to “turn off the platform” at midnight tonight, and the State of California blinked, and is allowing them to operate with drivers still outside contractors instead of employees while the matter is being litigated in the Appeals Court process. One of the issues that most don’t mention is that the drivers being laid off can file and receive unemployment, even though the company has never paid into the plan. That leaves the taxpayers picking up the bill! Now do you understand how expensive it can get for the state? VERY sneaky. On the earnings front we had BABA before the open with a beat on both top and bottom lines, but after trading as high as $265 and as low as $255, pre-open, it opened right in the middle and then fell to $254.18 before recovering and closing $257.92, right near the high of the day and -2.67 (1.02%). Estee Lauder wasn’t as fortunate with a miss, and the stock selling off and finishing $198.67 -13.83 (6.7%). INTC also announced an additional $10Billion in stock buybacks and after trading up to $50.40 last night it hit only $50.20 today and finished on the lows @ $49.17 +.84 (1.74%).
FOOD SUPPLY CHAIN was HIGHER with TSN -.85, BGS +.34, FLO -.20, CPB +.02, CAG +.06, MDLZ +.48, KHC -.53, CALM +.72, JJSF +1.20, SAFM -.18, HRL +.35, SJM +.54, PPC +.17, KR -.27, and PBJ $34.23 +.01 (.02%).
BIOPHARMA was LOWER with BIIB -2.46, ABBV -.85, REGN -12.74, ISRG +1.64, GILD +.30, MYL -.17, TEVA -.20, VRTX +1.20, BHC +.28, INCY -.77, ICPT +.26, LABU _.08, and IBB $133.35 -.43 (.32%).
CANNABIS: was LOWER with TLRY -.13, CGC -.33, GWPH +1.93, ACB -.33, NBEV +.05, CURLF -.51., KERN -.23, and MJ $12.60 -.15 (1.18%).
DEFENSE: was LOWER with LMT -1.55, GD -1.55, TXT -.29, NOC -1.24, BWXT -.90, TDY -3.64, RTX -.64 and ITA $165.42 -1.23 (.74%).
RETAIL: was LOWER with M -.22, JWN -.63, KSS -.60, DDS -.91, WMT -1.89, TGT -2.02, TJX -2.42, RL -.28, UAA -.03, LULU +5.58, TPR -.64, CPRI -.59, and XRT $51.95 -.43 (.82%).
FAANG and Big Cap: were HIGHER with GOOGL +31.64, AMZN +37.52, AAPL +13.12, FB +6.82, NVDA +1.96, TSLA +132.47, BABA -2.57, BIDU +.75, CMG +18.66, BA +.41, CAT -.54, DIS +.37, and XLK $116.48 +1.55 (1.35%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS - .80, JPM -.98, BAC -.42, MS -.57, C -.69, PNC +1.09, AIG -.73, TRV -.67, AXP -.16, V +3.39, and XLF $24.38 -.21 (.85%).
OIL, $42.82 -.29. Oil was lower in today’s trading before we rallied in the afternoon, closing down but at the top end of the day’s range. The stocks were LOWER across the board with XLE $3736.36 -.70 (1.89%).
GOLD $1,946.50 – 23.80, was a dramatic sell-off last week taking the gold down as low as $1,874.00 before a rally back to $1,950. I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.43.
BITCOIN: closed $11,895 +205. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $14.16 +.45 today.
Tomorrow is another day.
CAM
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XOM dropped from the DOw

For Trading August 25th
XOM, PFE, & RTX DROPPED FROM DJIA
More New Highs for NAZ & S&P-500
TSLA TOPS $2,100!!
Today’s market was higher from the start and leveled off around +240 -250 until the last 45 minutes when it powered higher into the close finishing +378.13 (1.35%), NASDAQ +67.92 (.60%), S&P 500 34.12 (1%), The Russell +15.90 (1.03%), and the big winner the DJ Transports +208.17 (1.9%). Internals were positive at 2.5:1 NYSE and 1.4:1 on the NAZ with NYSE volume 5:1 UP ! The DJIA was 5:1 higher and this will be the last time that AAPL will affect the average at the rates of the past since it is price-weighted and AAPL will no be a $100 stock, not $500. The only big loser today was UNH falling $36 DP’s and the gainers BA +74, AAPL +41, and GS +33 DP’s.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video: https://youtu.be/eMCD4wjOVh4
SECTORS: While it isn’t necessarily my focus, it’s difficult to not key in on TESLA breaking $2,100 today, trading $2129 and then selling off to $1927 before turning back up to close $2014 -35.78 (1.75%). A week ago, someone in the Discord room asked what I thought, and I gave them an opinion that once we closed over $1,643 that we were headed directly to $2,000-2,100 on a straight shot. I really had a high degree of certainty but thought it would take more than 7 trading days to get to that range! The “possible” vaccine news this morning lit a fire under the airlines; AAL +1.28 (10.5%), DAL +2.53 (9.28%), LUV +2.22 (6.4%), and UAL +3.28 (9.9%). Next were the cruise lines with CCL +1.49 (10%), RCL +2.90 (4.7%), and NCHL +1.18 (7.6%). Personally, I don’t see these names holding up with DAL announcing that unless they get further financial assistance that they will have to fire an additional 1941 pilots. These guys just want us to foot the bill for their disgraceful actions when they could have been preparing for a downturn rather than just lined their own pockets and bought back stock. PaloAlto Networks beat both top and bottom lines but gave soft guidance on next quarters revenues and after closing $267.07 -2.26 it fell further to $254.68 -12.77 (4.7%). The big news on the DJIA is that Dow Jones is making 3 major changes. I could be wrong, but I don’t think I’ve ever seen more than one at a time, but here are the names: Salesforce (CRM) replaces XOM, Amgen (AMGN) replaces Pfizer (PFE), and Honeywell (HON) replaces Raytheon (RTX) which also includes UTX.
FOOD SUPPLY CHAIN was HIGHER with TSN +.67, BGS +.44, FLO +.23, CPB +.15, CAG +.44, MDLZ +.51, KHC +.67, CALM -.63, JJSF +3.45, SAFM +.01, HRL -.05, SJM +1.15, PPC +.38, KR +.15, and PBJ $34.31 +.15 (.44%).
BIOPHARMA was LOWER with BIIB -.51, ABBV -.26, REGN -10.72, ISRG +2.05, GILD -.48, MYL +.34, TEVA -.14, VRTX -3.78, BHC +.61, INCY -.07, ICPT -.71, LABU -3.91, AND IBB $131.60 -1.00 (.75%).
CANNABIS: was HIGHER with TLRY +.10, CGC +.33, CRON +.18, GWPH -3.04, NBEV -.10, CURLF +.47, KERN unch., and MJ $12.40 unch.
DEFENSE: was HIGHER with LMT +5.43, GD +3.29, TXT +1.69, NOC +6.14, BWXT +1.51, TDY +6.52, RTX -.22, and ITA $169.39 +5.27 (3.21%).
RETAIL: was HIGHER with M +.36, JWN +1.15, KSS +1.54, DDS +2.13, WMT -.31, TGT -.56, TJX +1.32, RL +3.37, UAA +.51, LULU +7.56, TPR +.81, CPRI +1.36, and XRT $52.88 +.92 (1.77%).
FAANG and Big Cap: were HIGHER with GOOGL +10.13, AMZN +22.78, AAPL +8.62, FB +4.69, NFLX -3.51, NVDA +1.91, TSLA -49.96, BABA +11.20, BIDU +.74, CMG -9.84, BA +11.00, CAT +3.45, DIS +3.26, and XLK $118.96 +1.02 (.86%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +5.22, JPM +2.93, BAC +.76, MS +1.31, C +1.84, PNC +3.51, AIG +1.25, TRV +3.07, AXP +3.83, V +2.47, and XLF $24.89 +.58 (2.39%).
OIL, $42.62 +.28. Oil was higher in today’s trading before we rose further in the afternoon closing up at the top end of the day’s range. The stocks were HIGHER across the board with XLE $37.02 +.99 (2.75%).
GOLD $1,939.20 -7.80, rose early in the session trading up thru the double tops at $1,963.10 to $1,970 before selling off and finishing near the lows. I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $1.66.
BITCOIN: closed $11,770 +75. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $13.72 + .14 today.
Tomorrow is another day.
CAM
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For Trading April 14th

For Trading April 14th
Stocks Decline, Finally
Oil Fails Again on Cutbacks
Today was a down day from the beginning and I’m trying to get this done by starting early since we’ve already lost power once from the storms that decimated the southeast yesterday. To begin, the DJIA was weak from the start and a downgrade on CAT by Bank America. That sent the Dow lower than the other indexes and currently we are down just under 2% while NASDAQ is the strength with AZMN, TSLA, and NFLX the leaders, and S&P 500 following the DJIA but only 1.4%. Well, the power came back on and I’ll do this as fast as possible because the storm is going to last a few hours. DJIA -328.60 (1.39%, NASDAQ +38.84 (.48%), S&P 500 -28.19 (1.01%), the big loser was the Russell -34.68 (2.78%) and the DJ Transports -201.34 (2.44%). The big loser was CAT leading the DJIA -71 DPs and no triple-digits and the totals with 21 down and 9 higher, led by AAPL +36 DPs. The big gainers were the FAANG, listed below in Sectors. Market internals were in line with the loss with A/D 3:1 on NYSE and 3:2 on NASDAQ. Volume was light again and consumer discretionary strong and real estate and financials weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1800 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
SECTORS: On the “I have no idea this was going on” group there were 2 big winners today. One I mentioned earlier was Independence Contract Drilling (ICD) on Thursday finished $6.25 +3.85 (160%), finished today $12.93 +6.68 (106%) on essentially no news except the “trade halted, trade resumed.”
But the HOMERUN OF THE DAY was SCWorx (WORX) on the news that it got a 48 million COVID-19 Rapid Testing units over the next 24 weeks. I mentioned it in our Discord room this morning when it had a high of $9.95 and was trading around $6.25, but that was just the beginning. By the end of the day it had traded $14.88 and finished the day $12.02 +9.77 (434.22%). Not bad, definitely a HR.
BIOPHARMA: was HIGHER with BIIB +1.89, ABBV +.85, REGN +4.06, ISRG -9.26, MYL -.02, TEVA +.19, VRTX +5.67, BHC -.17, INCY +1.20, ICPT +.09, LABU +.02 and IBB $114.49 +.52 (.46%).
CANNABIS: This group was MIXED with TLRY -.28, CGC +.01, CRON -.01, GWPH +1.22, ACB -.10, PYX +.03, NBEV -.15, CURLF -.15, KERN +.73 (10.8%), and MJ $11.45 unchanged.
DEFENSE: was LOWER with LMT -1.06, RTX -2.71, GD -3.11, TXT -1.14, NOC +2.20, BWXT -.93, TDY -8.82, and ITA $150.63 -4.86 (3.13%).
RETAIL: was LOWER with M -.52, JWN -.96, KSS -1.11, DDS -2.25, JCP -.02, WMT +3.44, TGT +1.12, TJX -.81, RL -4.46 (5.55%), UAA -.58 (5.56%), LULU -4.24, TPR -.90, CPRI -.24 and XRT $33.28 -.27 (.80%).
FAANG and Big Cap: were HIGHER with several big moves vs. the overall market, with GOOGL +3.84, AMZN +132.24 (6.47%), AAPL +5.26, FB -.12, NFLX +28.36 (7.65%), NVDA +7.41, TSLA +96.02 (16.76%), BABA =3.07, BIDU -.30, BA -3.72, CAT biggest loser in the Dow -10.58 (8.46%), DIS -1.18, and XLK $85.50 +.30 (.35%).
FINANCIALS were LOWER with GS -4.76, JPM -4.16, BAC -.84, MS -1.49, C -.56, PNC -4.23, AIG -.82, TRV -3.32, AXP -4.03 and XLF $22.49 -.89 (3.81%).
OIL, $22.41 -.35. Oil started last night with a 5-minute bar that started with the open @ 24.74 +2.00 and within that first 5-minutes made the high $24.74 and made the low of the day $22.03. The move at the open was influenced by the supposed deal to cut production, but quickly fell away. After an attempt at 24.57 failed we worked lower and a final try in the afternoon at$24.00 it fell back to finish down on the day. Stocks were mixed to lower with the XLE $38.88 -.03 (.09%).
METALS, GOLD: $1,761.40 + 8.60. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1772 today. Today was a major move to the upside and the close is the highest since September 2012 and sets up a move towards the highs at $1,800 from 2011.
BITCOIN: closed $6810 -480. After we traded in the uptrend, I mentioned this weekend that I felt we’d have to test 67.50 and today we hit 6550 before turning back up. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.27 -.53 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading April 14th

For Trading April 14th
Stocks Decline, Finally
Oil Fails Again on Cutbacks
Today was a down day from the beginning and I’m trying to get this done by starting early since we’ve already lost power once from the storms that decimated the southeast yesterday. To begin, the DJIA was weak from the start and a downgrade on CAT by Bank America. That sent the Dow lower than the other indexes and currently we are down just under 2% while NASDAQ is the strength with AZMN, TSLA, and NFLX the leaders, and S&P 500 following the DJIA but only 1.4%. Well, the power came back on and I’ll do this as fast as possible because the storm is going to last a few hours. DJIA -328.60 (1.39%, NASDAQ +38.84 (.48%), S&P 500 -28.19 (1.01%), the big loser was the Russell -34.68 (2.78%) and the DJ Transports -201.34 (2.44%). The big loser was CAT leading the DJIA -71 DPs and no triple-digits and the totals with 21 down and 9 higher, led by AAPL +36 DPs. The big gainers were the FAANG, listed below in Sectors. Market internals were in line with the loss with A/D 3:1 on NYSE and 3:2 on NASDAQ. Volume was light again and consumer discretionary strong and real estate and financials weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1800 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
SECTORS: On the “I have no idea this was going on” group there were 2 big winners today. One I mentioned earlier was Independence Contract Drilling (ICD) on Thursday finished $6.25 +3.85 (160%), finished today $12.93 +6.68 (106%) on essentially no news except the “trade halted, trade resumed.”
But the HOMERUN OF THE DAY was SCWorx (WORX) on the news that it got a 48 million COVID-19 Rapid Testing units over the next 24 weeks. I mentioned it in our Discord room this morning when it had a high of $9.95 and was trading around $6.25, but that was just the beginning. By the end of the day it had traded $14.88 and finished the day $12.02 +9.77 (434.22%). Not bad, definitely a HR.
BIOPHARMA: was HIGHER with BIIB +1.89, ABBV +.85, REGN +4.06, ISRG -9.26, MYL -.02, TEVA +.19, VRTX +5.67, BHC -.17, INCY +1.20, ICPT +.09, LABU +.02 and IBB $114.49 +.52 (.46%).
CANNABIS: This group was MIXED with TLRY -.28, CGC +.01, CRON -.01, GWPH +1.22, ACB -.10, PYX +.03, NBEV -.15, CURLF -.15, KERN +.73 (10.8%), and MJ $11.45 unchanged.
DEFENSE: was LOWER with LMT -1.06, RTX -2.71, GD -3.11, TXT -1.14, NOC +2.20, BWXT -.93, TDY -8.82, and ITA $150.63 -4.86 (3.13%).
RETAIL: was LOWER with M -.52, JWN -.96, KSS -1.11, DDS -2.25, JCP -.02, WMT +3.44, TGT +1.12, TJX -.81, RL -4.46 (5.55%), UAA -.58 (5.56%), LULU -4.24, TPR -.90, CPRI -.24 and XRT $33.28 -.27 (.80%).
FAANG and Big Cap: were HIGHER with several big moves vs. the overall market, with GOOGL +3.84, AMZN +132.24 (6.47%), AAPL +5.26, FB -.12, NFLX +28.36 (7.65%), NVDA +7.41, TSLA +96.02 (16.76%), BABA =3.07, BIDU -.30, BA -3.72, CAT biggest loser in the Dow -10.58 (8.46%), DIS -1.18, and XLK $85.50 +.30 (.35%).
FINANCIALS were LOWER with GS -4.76, JPM -4.16, BAC -.84, MS -1.49, C -.56, PNC -4.23, AIG -.82, TRV -3.32, AXP -4.03 and XLF $22.49 -.89 (3.81%).
OIL, $22.41 -.35. Oil started last night with a 5-minute bar that started with the open @ 24.74 +2.00 and within that first 5-minutes made the high $24.74 and made the low of the day $22.03. The move at the open was influenced by the supposed deal to cut production, but quickly fell away. After an attempt at 24.57 failed we worked lower and a final try in the afternoon at$24.00 it fell back to finish down on the day. Stocks were mixed to lower with the XLE $38.88 -.03 (.09%).
METALS, GOLD: $1,761.40 + 8.60. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1772 today. Today was a major move to the upside and the close is the highest since September 2012 and sets up a move towards the highs at $1,800 from 2011.
BITCOIN: closed $6810 -480. After we traded in the uptrend, I mentioned this weekend that I felt we’d have to test 67.50 and today we hit 6550 before turning back up. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.27 -.53 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

100 Reasons to Buy Bitcoin

  1. Bitcoin is the most censorship resistant money in the world.
  2. You don't have to buy a “whole” bitcoin so don't freak out if you look at the price. You can buy a piece of one no problem.
  3. The Dallas Mavericks accept Bitcoin on their website. You don't trust Mark Cuban. He's the best shark.
  4. Bitcoin is the best performing asset of the last decade (better than S&P500).
  5. Diversify your current portfolio.
  6. It's not illegal in the USA.
  7. You holding just one satoshi slightly limits the supply and can rise the price for everyone else.
  8. [In late 2019] hash rate is the highest it has ever been
  9. Suicide insurance; if Bitcoin rises in price there is no worse feeling than regret.
  10. Some of the smartest people in computer science and cryptography are working on it. Trust nerds.
  11. Look at the all time historical chart. No technical analysis just tell me what you think when you look at it.
  12. Money is a belief system... and I want to believe.
  13. Transparent ledger, no funny business going on it's easy to audit.
  14. Elon Musk appears to be a fan. How's that for an appeal to authority
  15. There is a fixed limit in the number of bitcoins that will exist. 21 million bitcoin, 7 billion people on earth. Do the math.
  16. There are so many examples of governments inflating their currency to the point where it becomes unusable. Read the wikipedia page for Venezuela or Zimbabwe.
  17. Altcoins make sacrifices in either security or centralization. There are altcoins out there that claim to be innovating but just check the scoreboard nothing has flipped Bitcoin in market value or even gotten close.
  18. With technology developing at a rate faster than law, governments and for-profit businesses have the ability to monitor our purchases, location, our habits, and all of this has happened without consent. People made jokes and conspiracy theory, but sometimes conspiracy is real. Most people are good, but there is absolutely evil out there. There are absolutely evil people in positions of power. There are absolutely evil people that work together in positions of power. Does anyone actually believe that Jeffrey Epstein committed suicide. Go read about Leslie Wexner. Go read the cypherpunk manifesto.
  19. The upcoming halvening in 2020 will reduce the number of Bitcoin created in each block, making them more scarce, and if history repeats more valuable.
  20. Bitcoin has lower fees than traditional banking.
  21. Gold has the advantage of being a physical thing. But unlike gold you know Bitcoin is not forged, or mixed with another metal, and you can easily break it into tiny pieces and send it over the internet to someone.
  22. Bitcoin could spark new interests maybe you start to read more into economics, computer science, or Brock Pierce.
  23. Bitcoin has survived with no leader, marketing team, public relations, or legal team.
  24. Because Wired magazine said Bitcoin was dead at $2, Forbes said it was dead at $15, NY Times at $208, and CNN at $333.
  25. Just do a cost benefit analysis. What happens if Bitcoin fails and it goes to zero vs. what happens if it succeeds, and becomes world money.
  26. Bitcoin encourages long term thinking, planning, saving. Due to inflation we are punished by holding on to cash. Look up the statistics on the average savings account while we are bombarded with consumerist bullshit like Funko pop heads, Loot crate subscription services, and new syrup flavors for coffee. Currently we are encouraged to spend now, seek immediate gratification, and ignore what we are becoming as Amazon picks out our clothes and toothpaste ships it to the house and we sit and watch streaming services where content is pushed to us and I'm supposed to buy that this garbage is actually “trending”. Our lives have become so comfortable that idiots spend $60 to escape a room and have someone take your picture when you get out. What would our ancestors think.
  27. Maybe you're a day trader looking to use a trading bot in an unregulated market.
  28. Bitcoin has 7 letters in it. Lucky number 7.....
  29. Bitcoin promises to bank the unbanked, and provide services to those not otherwise “qualified” to open a bank account.
  30. It's just cool, don't you want to seem smart to all your friends.
  31. The origin story is so nuts there's going to be a movie or several movies about the early days of Bitcoin. Satoshi Nakamoto remains anonymous to this day. Imagine if the inventor of the cell phone was anonymous.
  32. If you have money to burn, don't buy soda, weed, or some girls private snapchat it's a dead end put it towards Bitcoin and give it to your child in the future.
  33. To avoid getting ripped off by foreign exchange fees just because you were born one place and your friends were born in another place.
  34. Can't live off the grid in your log cabin and still use Mastercard. Bitcoin is one piece of opting out.
  35. If one country adopts BTC as the national currency, it doesn't take much thought to realise that others will follow.
  36. Join a welcoming and unique community. Everyone is super nice because they want your money.
  37. You can stick it to the baby boomers.
  38. You can stick it to the vegans.
  39. You can stick it Roger Ver.
  40. Maybe your IQ is 70 and you'll do whatever CNBC Fast Money recommends.
  41. Maybe a hacker infects your computer, records you doing that thing, and threatens to release the tape if you do not pay them 1.5 Bitcoin.
  42. You're a risk taker looking for some risky investment.
  43. Aliens attack like Independence Day, blow up major cities in major countries, your money is still safe with Bitcoin. As long as there is a some guy, some person, living on an island with a copy of the ledger out there on your'e good. We're all good.
  44. Many proposals to scale the number of transactions, may the best plan win.
  45. One day you might have to use BTC to pay taxes, buy food, and charge your Tesla.
  46. You want to support a political group and remain private.
  47. You can trust math more than you can trust people to set an emission rate.
  48. Government don't know how much you have.
  49. The first response to Bitcoin being published by Hal Finney stated that Bitcoin was positioned to reach million dollar valuation. Hal was the first bull and passed away in 2014, missing a lot #doitforHal.
  50. Baddies can't freeze your money if they mad at you.
  51. The Big Bang Theory mentioned it, maybe you want to be like Sheldon the bazinga guy.
  52. Mid-life crisis.
  53. Be contrarian. In a world where everyone zigs it's sometimes good to zag.
  54. Don't have any hobbies, and you just need a reason to get up in the morning.
  55. Enjoy learning? Bitcoin is a topic where there is so much to learn, and so much development, that it really becomes a never ending journey. For someone who likes learning, it's more productive than speedrunning a video game.
  56. Yolo. You only live once. This isn't a dress rehearsal, if there's something your kind of interested in pursue it. That's true for anything not just Bitcoin. But if you're reading this I'm assuming you're interested.
  57. Bitcoin is not a ponzi scheme. The difference is Bitcoin does not need new people buying in to work, blocks being added will continue even if the community stopped growing.
  58. With religion on the decline maybe you want to join a cult. Crypto twitter is a great echo chamber to meet like minded people.
  59. Satoshi Nakamoto found a way to distribute a global currency in a fair way with the ability to adjust the mining difficulty as we go, it's really incredible. You still need computers and electricity to mine new bitcoin today but it's an extremely fair way for people to earn. There was no premine of Bitcoin. Everyone who has Bitcoin either bought it at what the market said, or they earned it.
  60. No CEO in charge of Bitcoin to make bad decisions or a board of directors that can make changes. The users, an ever growing number, are in charge.
  61. Bitcoin has no days off, it has no workers in charge who can get sick or take a holiday.
  62. Bitcoin has survived 10 years (and more). While there will always be dangers, I'd argue that those first few years it was most vulnerable to fail.
  63. Have some trust in the cypherpunks. Anyone who held and didn't sell bitcoin as it went from pennies to five figures is not looking to get rich. They want to change the world.
  64. Potential president Tulsi Gabbard disclosed owning some.
  65. Digital money is the future, anyone who has tried Venmo can see that. Well Bitcoin is a digitally native asset.
  66. Refugees can use Bitcoin to store their wealth as they flee a failing country.
  67. Bitcoin is an open source project. Anthony Pompliano likes to call it a virus but I like how the author of the Bitcoin Standard describes it. Bitcoin is like a song. As long as one person remembers it you can't destroy a song.
  68. Triple entry accounting. When humans first started recording who owes who what we had single-entry accounting. The king's little brother would keep everything written down, but we had to really trust this guy because he could simply erase a line and that money would be gone. When double-entry accounting started to spread 500 years ago it brought with it massive innovation. Businesses could now form relationships across the ocean as they each kept a record. We did not have innovation again until Satoshi's Bitcoin, where blockchain can be used as the neutral third party to keep record. It might not sound important but blockchain allows us to agree upon an objective reality.
  69. Bitcoin is non-political.
  70. Bitcoin is easy to accept. I mean kind of. It's certainly easier than setting up a bank account.
  71. A sandwich used to cost 10 cents in America, I walk into Subway and they don't even have $5 foot longs anymore. Inflation man..
  72. It's a peaceful protest.
  73. Critics say that mining wastes electricity, but if Bitcoin adoption continues the world will actually be incentivized to produce more renewable energy. There are so many waterfalls and sources of energy in the middle of nowhere right now. People might not see a reason to build a power plant over there now, but in the future it can make business sense. Take that waterfall mine bitcoin, and sell them to the people who can't mine. It allows for a business to sell their energy anywhere.
  74. Get into debates around Bitcoin, build those critical thinking skills.
  75. “Predicting rain doesn't count, building arks does”
  76. “The best time to plant a tree was 20 years ago, the second best time is now.”
  77. "I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.”
  78. The immaculate conception. No cryptocurrency can have a start the grassroots way Bitcoin did, it's just impossible given how the space has changed.
  79. There are more than 1000x more U.S. dollars today than there were a hundred years ago.
  80. Bitcoin is the largest transfer of wealth this decade from the least curious to the curious.
  81. The concept of the Star Wars Cantina, Galt's Gulch, or young Beat Generation kids sitting in a basement smoking cigarettes and questioning the world can only exist if money remains fungible.
  82. You can send money to your Dad even if he lives in a country run by bad boys.
  83. Memorize your key, and walk around the world carrying your money in your head.
  84. Free speech.
  85. https://www.youtube.com/watch?v=S9JGmA5_unYGmA5_unY
  86. The Federal Reserve is objectively way too powerful.
  87. John Mcafe promised that if bitcoins were not valued at 1 million dollars by the end of 2020 he would eat his own penis on national television. It will be a sad day if we don't hit that 1 million.
  88. The Apple credit card.
  89. If we ever get artificial intelligence it'll be able to interact with Bitcoin.
  90. Katy Perry is aware of crypto so if by some chance you run into her, you get one chance to strike up conversation, so here's your chance to shine. You don't ask for a picture, you don't say she's pretty, or name your favorite song. Take your shot and ask about what type of cold storage she uses for her bitcoin.
  91. Many people are afraid of a world currency because it's associated with a centralized world power taking control. Bitcoin allows for neutral world money.
  92. Stick it to Mark Zuckerberg.
  93. Developers developers developers developers developer developers.
  94. About 85% of the supply has already been mined.
  95. Bitcoin can always improve. As long as the proposal is really good the code can be upgraded, and if the baddies invent ways to hurt the chain we can just fork off it's just code.
  96. Memes
  97. Name recognition and momentum above all other cryptocurrencies.
  98. 3% discount with Bitcoin at Crescent Tide Cremation Services. Nice cant wait to die.
  99. Like having a swiss bank account in your pocket.
  100. Blow up the banks (in minecraft).
submitted by Th3M0rn1ng5h0w to Buttcoin [link] [comments]

For trading Dec 24th

For Trading December 24th
BOEING CEO FIRED Stock Higher
TSLA NEW ALL-TIME HIGH, again!
Home Run of the Day!
Join Us Every Day, Link Below
Today’s market took off right from the start with the news that Dennis Muilenburg was fired from BA. The futures were just slightly higher before the news but the added action in BA pushed them up to a +90 open. We spent a while grinding higher and were +127 around 11:45 and everyone must have hit the eggnog because it became a sleep afternoon with a slight selloff near the close to finish +96.43 (.34%). NASDAQ +20.69 (.23%), S&P 500 +2.79 (.09%), the Russell +2.24 (.13%), and the DJ Transports +11.95 (.11%). It was an “inside day” with NYSE internals 4:4 and NAZ 8:7. DJIA was 17:12 and MSFT unchanged. The leaders were BA +65, AAPL +30 and MMM +21DPs. On the downside we had only 2 double-digits, DIS -15 and HD-14DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the above mentioned BA news after an actual Halt for news pending and it was the biggest DJIA winner on the day. RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again today closing + .98 (7%). Apple received yet another upgrade today from Wedbush, calling for a “super-cycle” of upgrades on the 5G launch coming next year and gave it a street high price objective of $350. As mentioned in the headlines, TSLA made a new high at $422.01, above the $420 that Elon Musk tweeted (and got into trouble over) was his buyout price earlier in the year. The stock is up from $176.99 in June for a gain of 172%.
And, the HOMERUN OF THE DAY WAS Intra-Cellular (ITCI), who received an FDA approval for its new schizophrenia drug and the stock, whose all-time high was $60.79 in late 2015 and had fallen to a recent and new low of $6.75 in mid-October had closed $12.44 on Friday gapped up on the news to open $25.50 and trade as high as $43.56, finished the day $36.51 +24.07 (193.49%). Just a note, this was a topic of discussion in our Discord room this morning and 2 of our participants traded the stock for excellent gains. The link is just above for your convenience.
BIOPHARMA: was HIGHER with BIIB +.51, ABBV +.76, REGN -1.42, ISRG +6.11 (1.03%)we had a trade there today, MYL +.13, TEVA -.16, VRTX -.71, BHC +.11, INCY +.06, ICPT +4.60 (3.85%), LABU +1.86, and IBB $122.99 +.94 (.77%).
CANNABIS: stocks were LOWER with only CRON +.05 and APHA +.01 while KERN, the compliance software firm $8.50 -1.80 (17.48%) and MJ $16.94 - .15 (.88%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with the passage of the new budget extension and ITA $226.43 +2.43 (1.08%).
RETAIL was MIXED with the stores slightly higher, the discounters and the brands lower. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $45.55 -.16 (.35%).
FAANG and Big Cap: were MIXED with GOOGL -.59, AMZN +6.50, AAPL +5.12, FB -.16, NFLX -3.90, NVDA -.25, TSLA +14.10 (3.48%), BABA +2.70, BIDU +1.46, BOX -.14, IBM -.03, BA +9.36, CAT +.93, and XLK 91.21 +.26 (.29%).
FINANCIALS were MIXED with GS +.22, JPM -.02, BAC +.23, MS +.03, PNC +.26, AIG -.57, TRV -.20, AXP -1.28, and XLF $30.16 -.07 (.23%).
OIL, $60.52 +.08. Today’s action was mostly just another quiet and short-range “inside” day, with a nice upward bias. The stocks were HIGHER and XLE was $61.99 +.63 (1.03%).
METALS, GOLD: $1,488.70 +7.80 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460, and today’s close is right near the top. Prices are slightly higher tonight at $1,492 + 3.60, so we’ll see if we can breakout.
BITCOIN: closed $7410 +180. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.99 +.11 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

For Trading Dec 24

For Trading December 24th
BOEING CEO FIRED Stock Higher
TSLA NEW ALL-TIME HIGH, again!
Home Run of the Day!
Join Us Every Day, Link Below
Today’s market took off right from the start with the news that Dennis Muilenburg was fired from BA. The futures were just slightly higher before the news but the added action in BA pushed them up to a +90 open. We spent a while grinding higher and were +127 around 11:45 and everyone must have hit the eggnog because it became a sleep afternoon with a slight selloff near the close to finish +96.43 (.34%). NASDAQ +20.69 (.23%), S&P 500 +2.79 (.09%), the Russell +2.24 (.13%), and the DJ Transports +11.95 (.11%). It was an “inside day” with NYSE internals 4:4 and NAZ 8:7. DJIA was 17:12 and MSFT unchanged. The leaders were BA +65, AAPL +30 and MMM +21DPs. On the downside we had only 2 double-digits, DIS -15 and HD-14DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the above mentioned BA news after an actual Halt for news pending and it was the biggest DJIA winner on the day. RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again today closing + .98 (7%). Apple received yet another upgrade today from Wedbush, calling for a “super-cycle” of upgrades on the 5G launch coming next year and gave it a street high price objective of $350. As mentioned in the headlines, TSLA made a new high at $422.01, above the $420 that Elon Musk tweeted (and got into trouble over) was his buyout price earlier in the year. The stock is up from $176.99 in June for a gain of 172%.
And, the HOMERUN OF THE DAY WAS Intra-Cellular (ITCI), who received an FDA approval for its new schizophrenia drug and the stock, whose all-time high was $60.79 in late 2015 and had fallen to a recent and new low of $6.75 in mid-October had closed $12.44 on Friday gapped up on the news to open $25.50 and trade as high as $43.56, finished the day $36.51 +24.07 (193.49%). Just a note, this was a topic of discussion in our Discord room this morning and 2 of our participants traded the stock for excellent gains. The link is just above for your convenience.
BIOPHARMA: was HIGHER with BIIB +.51, ABBV +.76, REGN -1.42, ISRG +6.11 (1.03%)we had a trade there today, MYL +.13, TEVA -.16, VRTX -.71, BHC +.11, INCY +.06, ICPT +4.60 (3.85%), LABU +1.86, and IBB $122.99 +.94 (.77%).
CANNABIS: stocks were LOWER with only CRON +.05 and APHA +.01 while KERN, the compliance software firm $8.50 -1.80 (17.48%) and MJ $16.94 - .15 (.88%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with the passage of the new budget extension and ITA $226.43 +2.43 (1.08%).
RETAIL was MIXED with the stores slightly higher, the discounters and the brands lower. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $45.55 -.16 (.35%).
FAANG and Big Cap: were MIXED with GOOGL -.59, AMZN +6.50, AAPL +5.12, FB -.16, NFLX -3.90, NVDA -.25, TSLA +14.10 (3.48%), BABA +2.70, BIDU +1.46, BOX -.14, IBM -.03, BA +9.36, CAT +.93, and XLK 91.21 +.26 (.29%).
FINANCIALS were MIXED with GS +.22, JPM -.02, BAC +.23, MS +.03, PNC +.26, AIG -.57, TRV -.20, AXP -1.28, and XLF $30.16 -.07 (.23%).
OIL, $60.52 +.08. Today’s action was mostly just another quiet and short-range “inside” day, with a nice upward bias. The stocks were HIGHER and XLE was $61.99 +.63 (1.03%).
METALS, GOLD: $1,488.70 +7.80 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460, and today’s close is right near the top. Prices are slightly higher tonight at $1,492 + 3.60, so we’ll see if we can breakout.
BITCOIN: closed $7410 +180. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.99 +.11 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - FINAL REPORT FOR 2018 - Down 85% - Stellar Victorious

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - FINAL REPORT FOR 2018 - Down 85% - Stellar Victorious
The end is here.
tl;dr - I am down -85% on my Top Ten crypto portfolio since the beginning of the year. My $1,000 investment on the 1st of January 2018 is now worth $151. Best performer of 2018 is Stellar, down -66%, worst performers down -94% and 4 out of 10 cryptos that started 2018 in the Top Ten have lost over 90% of their value.
Click here for full blog post complete with charts, graphs, and charts of graphs.

The Experiment:

Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).
My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

MONTH/EPISODE TWELVE AND FINAL TALLY - Down 85% in 2018

https://preview.redd.it/d67ec8cg0t821.png?width=1187&format=png&auto=webp&s=da298dda0431a69ab560b2e8d6e3b15e0e7f9763
December was a quiet month for the experiment - not many fireworks to end the year. Although my portfolio did reach yet another record loss at -85%, it only ticked down one percentage point from the previous month. For comparison, the Dow Jones lost over -6% in December.
Finally tally for the year: I am now down -85% on my Top Ten crypto portfolio since the beginning of the year. My $1,000 investment on the 1st of January 2018 is now worth $151.
December Winners - It was a nice change to see a bit of green on my spreadsheet for the last month of the year. Winners: Ethereum and IOTAup an impressive 39% and 30% respectively. Litecoin ticked up 5% as well.
December Losers - Stellar had an uncharacteristically rough month, losing about 1/3 of its value in December. More predictably NEM, which has been a regular cellar-dweller for many of my monthly reports, fared poorly, down -15% in December.

FINAL RESULTS for 2018 – Stellar wins the experiment followed by Bitcoin. Cardano and Bitcoin Cash in virtual tie for worst performance of the year.

Even though Stellar had a rough December, it still ended the experiment solidly in first place followed fairly closely by Bitcoin. This is not a surprise to anyone who's been following the experiment - Stellar has been consistently one of the best performing cryptos each time I report.
Stellar's victory is definitely Pyrrhic, as "winning" 2018 meant losing -66% of its value since January 1st, 2018. Second place Bitcoin? Down -71% on the year.
If that's victory, what's defeat?
Defeat is Cardano and Bitcoin Cash, virtually tied at -94% on the year. For the record, Cardano did slightly worse: my $100 invested in Cardano is now worth $5.97 and my $100 invested in Bitcoin Cash $6.32.
Cardano and Bitcoin Cash are closely followed by NEM and Dash, and all four are members of the "Down Over -90% Club." IOTA's strong December helped it narrowly avoid this distinction as it is now down "only" -89% for the year.
Summary: best performer of 2018 is down -66%, worst performers down -94% and 4 out of 10 cryptos that started 2018 in the Top Ten have lost over 90% of their value.
I'll just let that sink in for a while.
In terms of movement, there was a lot of it: 40% of the cryptos that started the year in the Top Ten have now dropped out. Here's a chart:
https://preview.redd.it/5p04wxbm0t821.png?width=328&format=png&auto=webp&s=8ddfb3a4f46aa196e56e3b93d4968bc91400900b
Interestingly, the Top Four ended up in the same top positions after 365 days.
On the other hand, NEM, Dash, IOTA, and Cardano are Top Ten dropouts - they have been replaced by EOS (now at #5), Tether (currently at #8), Bitcoin SV (currently at #9), and Tron (currently at #10).

Total Market Cap for the entire cryptocurrency sector:

https://preview.redd.it/clzti39p0t821.png?width=439&format=png&auto=webp&s=13bcd89a9dc2ace72a95edcd6669295aec589c72
December was basically flat, as the total market cap for crypto hovered right around $130B. A nice little pause from four consecutive record low month-end points since the end of August.
Final figure: the total market cap for crypto dropped -77% in 2018.
Looking back, March was the worst month of the year in terms of both overall amount and percentage loss. Best month-end figure was end of January at $485B.
  • The last time the total market cap of crypto was at $500B: January
  • The last time the total market cap of crypto was at $400B: May
  • The last time the total market cap of crypto was at $300B: June
  • The last time the total market cap of crypto was at $200B: November

Bitcoin dominance:

https://preview.redd.it/1xfbsjas0t821.png?width=290&format=png&auto=webp&s=3c2f8bc82402dec6bda2046b62e5da0a3794b273
Bitcoin dominance dropped slightly from the month-end record highs at the end of October and November, but it's basically been holding steady since the end of August, right around the 50% mark. Too early to tell if the slight drop from 53% to 51% Bitcoin dominance from November to December indicates that buyers are looking at more risky alt-coins, we'll have to wait a bit to see if/how that plays out.
As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.
  • 33% Bitcoin dominance at the end of January was the lowest month-end point of the year
  • 53.6% Bitcoin dominance at the end of October was the highest month-end point of the year

Overall return on investment from January 1st, 2018:

https://preview.redd.it/vbhh3chw0t821.png?width=281&format=png&auto=webp&s=36430e9b960efc60de2fa286a2265b816cbc0560
If I wrapped up my experiment and cashed out today, my $1000 initial investment would return $151.81, down -85%.
  • Lowest Top Ten portfolio value: December
  • Highest Top Ten portfolio value: January

Implications/Observations:

The numbers back up what all who were even remotely paying attention to crypto this year noticed: 2018 was not 2017. Beginning 2018 at all time highs put this experiment in a difficult position from the start and I was never able to come close to just breaking even - my "best" month was end of January where I was "only" down -20%.
That said, buying mid-January when prices were even higher would have been worse - hard to imagine considering my Top Ten buys on New Years Day have seen a -85% drop - but yes, it could have been even worse.
Congratulations to Stellar who outperformed its peers in 2018 and was consistently among the monthly top performers.
Focusing solely on holding the Top Ten was a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -85% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall. The 8% difference is significant, but it has shrunk a bit - it was as wide as a 12% difference at one point during the year (September).
I also tracked the S&P 500 as part of my experiment to have a comparison point with other popular investments options. After a relatively strong year, the S & P 500 tanked in December, finishing down -6.2% on the year. Had I redirected my $1k investment to the S&P, I would have lost about -$62 on the year.
https://preview.redd.it/mxk3jehy0t821.png?width=384&format=png&auto=webp&s=116d5e2f23d8b3255cb5eea1a75655ea9091bcba

Conclusion:

Tough year for crypto, to say the least. The year end question is the same one we've been asking all year: is there more room to fall or have we finally hit the bottom for crypto?

Thanks and Future of the Experiment:

Thanks for reading and the support for the experiment. I hope you’ve found it helpful.
As for the future of the experiment, after receiving some good suggestions, I've decided to do the following:
  1. There's no way I'm selling now at such a loss. Therefore, I'll continue to hold and will report on the Top Ten cryptos of 2018 as I've been doing.
  2. I've also decided to repeat the experiment with the Top Ten cryptos of 2019. On the 1st of January 2019, I purchased $100 worth of the Top Ten: Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Tether, Litecoin, Bitcoin SV, and Tron.
I honestly wasn't very enthusiastic to buy $100 worth of some of these coins, but I think it will be interesting to compare the Top Ten of 2018 with the Top Ten of 2019 to see how they fare. I'll share the results regularly - I'm aiming for monthly, as I did in 2018.
So - I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Stellar Victorious - EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - FINAL REPORT FOR 2018 - Down 85%

Stellar Victorious - EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - FINAL REPORT FOR 2018 - Down 85%
The end is here.
tl;dr - I am down -85% on my Top Ten crypto portfolio since the beginning of the year. My $1,000 investment on the 1st of January 2018 is now worth $151. Best performer of 2018 is Stellar, down -66%, worst performers down -94% and 4 out of 10 cryptos that started 2018 in the Top Ten have lost over 90% of their value.
Click here for full blog post complete with charts, graphs, and charts of graphs.

The Experiment:

Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).
My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

MONTH/EPISODE TWELVE AND FINAL TALLY - Down 85% in 2018

https://preview.redd.it/jx4d8u662t821.png?width=1187&format=png&auto=webp&s=5a6cbd527492057f939c39f55c0697c454aa3847
December was a quiet month for the experiment - not many fireworks to end the year. Although my portfolio did reach yet another record loss at -85%, it only ticked down one percentage point from the previous month. For comparison, the Dow Jones lost over -6% in December.
Finally tally for the year: I am now down -85% on my Top Ten crypto portfolio since the beginning of the year. My $1,000 investment on the 1st of January 2018 is now worth $151.
December Winners - It was a nice change to see a bit of green on my spreadsheet for the last month of the year. Winners: Ethereum and IOTAup an impressive 39% and 30% respectively. Litecoin ticked up 5% as well.
December Losers - Stellar had an uncharacteristically rough month, losing about 1/3 of its value in December. More predictably NEM, which has been a regular cellar-dweller for many of my monthly reports, fared poorly, down -15% in December.

FINAL RESULTS for 2018 – Stellar wins the experiment followed by Bitcoin. Cardano and Bitcoin Cash in virtual tie for worst performance of the year.

Even though Stellar had a rough December, it still ended the experiment solidly in first place followed fairly closely by Bitcoin. This is not a surprise to anyone who's been following the experiment - Stellar has been consistently one of the best performing cryptos each time I report.
Stellar's victory is definitely Pyrrhic, as "winning" 2018 meant losing -66% of its value since January 1st, 2018. Second place Bitcoin? Down -71% on the year.
If that's victory, what's defeat?
Defeat is Cardano and Bitcoin Cash, virtually tied at -94% on the year. For the record, Cardano did slightly worse: my $100 invested in Cardano is now worth $5.97 and my $100 invested in Bitcoin Cash $6.32.
Cardano and Bitcoin Cash are closely followed by NEM and Dash, and all four are members of the "Down Over -90% Club." IOTA's strong December helped it narrowly avoid this distinction as it is now down "only" -89% for the year.
Summary: best performer of 2018 is down -66%, worst performers down -94% and 4 out of 10 cryptos that started 2018 in the Top Ten have lost over 90% of their value.
I'll just let that sink in for a while.
In terms of movement, there was a lot of it: 40% of the cryptos that started the year in the Top Ten have now dropped out. Here's a chart:
https://preview.redd.it/zvlgkpd72t821.png?width=328&format=png&auto=webp&s=9d58ec97bfb3c4b742adc30d1244695fbeaf5f64
Interestingly, the Top Four ended up in the same top positions after 365 days.
On the other hand, NEM, Dash, IOTA, and Cardano are Top Ten dropouts - they have been replaced by EOS (now at #5), Tether (currently at #8), Bitcoin SV (currently at #9), and Tron (currently at #10).

Total Market Cap for the entire cryptocurrency sector:

https://preview.redd.it/8w75j6f82t821.png?width=439&format=png&auto=webp&s=c27789f5c6dd3e946bf5c8e29bf285db300c9b41
December was basically flat, as the total market cap for crypto hovered right around $130B. A nice little pause from four consecutive record low month-end points since the end of August.
Final figure: the total market cap for crypto dropped -77% in 2018.
Looking back, March was the worst month of the year in terms of both overall amount and percentage loss. Best month-end figure was end of January at $485B.
  • The last time the total market cap of crypto was at $500B: January
  • The last time the total market cap of crypto was at $400B: May
  • The last time the total market cap of crypto was at $300B: June
  • The last time the total market cap of crypto was at $200B: November

Bitcoin dominance:

https://preview.redd.it/jptpvni92t821.png?width=290&format=png&auto=webp&s=43070ae9fe03aaf451589758825cdc1528432fb6
Bitcoin dominance dropped slightly from the month-end record highs at the end of October and November, but it's basically been holding steady since the end of August, right around the 50% mark. Too early to tell if the slight drop from 53% to 51% Bitcoin dominance from November to December indicates that buyers are looking at more risky alt-coins, we'll have to wait a bit to see if/how that plays out.
As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.
  • 33% Bitcoin dominance at the end of January was the lowest month-end point of the year
  • 53.6% Bitcoin dominance at the end of October was the highest month-end point of the year

Overall return on investment from January 1st, 2018:

https://preview.redd.it/rcxjkfra2t821.png?width=281&format=png&auto=webp&s=93cdceaeff7fe5b9c7ab5aa04fdc3f1a6f03d1bf
If I wrapped up my experiment and cashed out today, my $1000 initial investment would return $151.81, down -85%.
  • Lowest Top Ten portfolio value: December
  • Highest Top Ten portfolio value: January

Implications/Observations:

The numbers back up what all who were even remotely paying attention to crypto this year noticed: 2018 was not 2017. Beginning 2018 at all time highs put this experiment in a difficult position from the start and I was never able to come close to just breaking even - my "best" month was end of January where I was "only" down -20%.
That said, buying mid-January when prices were even higher would have been worse - hard to imagine considering my Top Ten buys on New Years Day have seen a -85% drop - but yes, it could have been even worse.
Congratulations to Stellar who outperformed its peers in 2018 and was consistently among the monthly top performers.
Focusing solely on holding the Top Ten was a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -85% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall. The 8% difference is significant, but it has shrunk a bit - it was as wide as a 12% difference at one point during the year (September).
I also tracked the S&P 500 as part of my experiment to have a comparison point with other popular investments options. After a relatively strong year, the S & P 500 tanked in December, finishing down -6.2% on the year. Had I redirected my $1k investment to the S&P, I would have lost about -$62 on the year.
https://preview.redd.it/cvtvzrvb2t821.png?width=384&format=png&auto=webp&s=dc50928366796b4a48812034e2a7b1fff5997652

Conclusion:

Tough year for crypto, to say the least. The year end question is the same one we've been asking all year: is there more room to fall or have we finally hit the bottom for crypto?

Thanks and Future of the Experiment:

Thanks for reading and the support for the experiment. I hope you’ve found it helpful.
As for the future of the experiment, after receiving some good suggestions, I've decided to do the following:
  1. There's no way I'm selling now at such a loss. Therefore, I'll continue to hold and will report on the Top Ten cryptos of 2018 as I've been doing.
  2. I've also decided to repeat the experiment with the Top Ten cryptos of 2019. On the 1st of January 2019, I purchased $100 worth of the Top Ten: Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Tether, Litecoin, Bitcoin SV, and Tron.
I honestly wasn't very enthusiastic to buy $100 worth of some of these coins, but I think it will be interesting to compare the Top Ten of 2018 with the Top Ten of 2019 to see how they fare. I'll share the results regularly - I'm aiming for monthly, as I did in 2018.
So - I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.
submitted by Joe-M-4 to Stellar [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%
Sideways no more/movement achieved
tl;dr: After a few months of relative stability, we saw lots of movement in November, to the downside. NEM, Ripple, and Stellar and perform least horribly in November. Bitcoin Cash, easily the worst performer of the month, takes an absolute beating. Overall Stellar still on top.
Click here for full blog post complete with charts, graphs, and charts of graphs.

The Experiment:

Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).
My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

Month/Episode Eleven - Down 84%

We could file November under "Be Careful What You Wish For." After a relatively dull September and October crypto watchers were feeling antsy and predicted a big move either up or down. We definitely got some movement in November, but not the positive kind: crypto absolutely tanked this month. As for this experiment, if September and October were a slow bleed, this month was akin to losing a limb: I am now down 84% since the beginning of the year - my $1k investment is now worth $161.
November "Winners" - No one really. Performing least horribly were NEM, Ripple and Stellar, down -18%, -22%, and -29%, respectively. Each moved up in terms of ranking as well.
November Losers - For the second straight month, Bitcoin Cash lost, but this month was something special. It was absolutely crushed, losing -62% of its value in November.

Overall update – Stellar solidly in lead, BTC a distant second. Cardano and Bitcoin Cash at the bottom.

Even though Stellar is down -50% for the year, it remains squarely in the lead, followed distantly by Bitcoin down almost -70% for the year. This is not a surprise to anyone who's been following the experiment - Stellar has been one of the strongest cryptos most if not all months this year.
Although Cardano and Bitcoin Cash are the absolute worst performers at -94% and -93% respectively, they are closely followed by NEM IOTA and Dash. The takeaway? 5 out of the 10 cryptos that started the year in the Top Ten have lost over 90% of their value.
We had a lot of movement this month in terms of ranking. The Ups were Stellar up from #6 to #4, NEM up from #17 to #15, and Ripple, up from #3 to reclaim the #2 spot it held at the beginning of the year.
Most of the remaining Top Ten Cryptos went the other way. Ethereum dropped to #3 from #2, Bitcoin Cash slipped to #5 from #4, Cardano is now at #10, dropping two slots from #8 last month. IOTA is down to #13 from #12 and Dash down to #14 from #13.
NEM, Dash, and IOTA are Top Ten dropouts - they have been replaced by EOS (now at #6), Tether (currently at #8), and Bitcoin SV (currently at #9).

Total Market Cap for the entire cryptocurrency sector:

November saw $75 billion in value erased in the crypto market or about -36%. Definitely a painful month, but not the worst of the year. March was worse in both overall amount and percentage lost. The total market cap for crypto is now at its lowest month-end point of the year and from January 1st the market has lost -77% of its total value. Crypto hasn't ended a month above $300B since the end of May.

Bitcoin dominance:

One of the few constants this month: Bitcoin dominance basically held the month-end high it recorded at the end of October. As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.

Overall return on investment from January 1st, 2018:

If I cashed out today, my $1000 initial investment would return $161, down -84%. I'm officially at the lowest point in terms of value.

Implications/Observations:

After a few uncharacteristically dull months in crypto, the breakout we were expecting happened, but not the direction most were hoping to see. There definitely is a sense of hopelessness in the crypto space, an extremely sharp contrast to the mood this time last year. With only one month left to go in the year, it appears extremely unlikely that sentiment will change in the next 30 days. I'm also noticing more and more crypto commentators are disappearing or starting to change the subject.
Stellar continues to outperform its peers and is in a good position to end the year at the top of this experiment.
Focusing solely on holding the Top Ten continues to be a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -84% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall.
But this month that gap narrowed to a 7% difference, from last month's 11% difference.
I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. November was again a volatile month - the S & P 500 finished up about 3.3% on the year meaning my $1k investment would have given me $33 on the year.

Conclusion:

Although November wasn't the worst month of the year for crypto, it certainly felt especially tough. Maybe it's the result of being beaten down all year, of yet another consecutive down month (cyrpto hasn't had a green month since the end of July) or the realization that 2018 probably won't be salvaged. Many seem to be abandoning hope, while the optimist ask: is there more room to fall or have we finally hit the bottom?
Thanks for reading and the support for the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.

Although I've received some interesting suggestions, I haven't decided yet what to do with the experiment after December. If any one has suggestions, let me know in the comments.

submitted by Joe-M-4 to CryptoCurrency [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%
Sideways no more/movement achieved
tl;dr: After a few months of relative stability, we saw lots of movement in November, to the downside. NEM, Ripple, and Stellar and perform least horribly in November. Bitcoin Cash, easily the worst performer of the month, takes an absolute beating. Overall Stellar still on top.
Click here for full blog post complete with charts, graphs, and charts of graphs.

The Experiment:

Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).
My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

Month/Episode Eleven - Down 84%

We could file November under "Be Careful What You Wish For." After a relatively dull September and October crypto watchers were feeling antsy and predicted a big move either up or down. We definitely got some movement in November, but not the positive kind: crypto absolutely tanked this month. As for this experiment, if September and October were a slow bleed, this month was akin to losing a limb: I am now down 84% since the beginning of the year - my $1k investment is now worth $161.
November "Winners" - No one really. Performing least horribly were NEM, Ripple and Stellar, down -18%, -22%, and -29%, respectively. Each moved up in terms of ranking as well.
November Losers - For the second straight month, Bitcoin Cash lost, but this month was something special. It was absolutely crushed, losing -62% of its value in November.

Overall update – Stellar solidly in lead, BTC a distant second. Cardano and Bitcoin Cash at the bottom.

Even though Stellar is down -50% for the year, it remains squarely in the lead, followed distantly by Bitcoin down almost -70% for the year. This is not a surprise to anyone who's been following the experiment - Stellar has been one of the strongest cryptos most if not all months this year.
Although Cardano and Bitcoin Cash are the absolute worst performers at -94% and -93% respectively, they are closely followed by NEM IOTA and Dash. The takeaway? 5 out of the 10 cryptos that started the year in the Top Ten have lost over 90% of their value.
We had a lot of movement this month in terms of ranking. The Ups were Stellar up from #6 to #4, NEM up from #17 to #15, and Ripple, up from #3 to reclaim the #2 spot it held at the beginning of the year.
Most of the remaining Top Ten Cryptos went the other way. Ethereum dropped to #3 from #2, Bitcoin Cash slipped to #5 from #4, Cardano is now at #10, dropping two slots from #8 last month. IOTA is down to #13 from #12 and Dash down to #14 from #13.
NEM, Dash, and IOTA are Top Ten dropouts - they have been replaced by EOS (now at #6), Tether (currently at #8), and Bitcoin SV (currently at #9).

Total Market Cap for the entire cryptocurrency sector:

November saw $75 billion in value erased in the crypto market or about -36%. Definitely a painful month, but not the worst of the year. March was worse in both overall amount and percentage lost. The total market cap for crypto is now at its lowest month-end point of the year and from January 1st the market has lost -77% of its total value. Crypto hasn't ended a month above $300B since the end of May.

Bitcoin dominance:

One of the few constants this month: Bitcoin dominance basically held the month-end high it recorded at the end of October. As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.

Overall return on investment from January 1st, 2018:

If I cashed out today, my $1000 initial investment would return $161, down -84%. I'm officially at the lowest point in terms of value.

Implications/Observations:

After a few uncharacteristically dull months in crypto, the breakout we were expecting happened, but not the direction most were hoping to see. There definitely is a sense of hopelessness in the crypto space, an extremely sharp contrast to the mood this time last year. With only one month left to go in the year, it appears extremely unlikely that sentiment will change in the next 30 days. I'm also noticing more and more crypto commentators are disappearing or starting to change the subject.
Stellar continues to outperform its peers and is in a good position to end the year at the top of this experiment.
Focusing solely on holding the Top Ten continues to be a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -84% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall.
But this month that gap narrowed to a 7% difference, from last month's 11% difference.
I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. November was again a volatile month - the S & P 500 finished up about 3.3% on the year meaning my $1k investment would have given me $33 on the year.

Conclusion:

Although November wasn't the worst month of the year for crypto, it certainly felt especially tough. Maybe it's the result of being beaten down all year, of yet another consecutive down month (cyrpto hasn't had a green month since the end of July) or the realization that 2018 probably won't be salvaged. Many seem to be abandoning hope, while the optimist ask: is there more room to fall or have we finally hit the bottom?
Thanks for reading and the support for the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.

Although I've received some interesting suggestions, I haven't decided yet what to do with the experiment after December. If any one has suggestions, let me know in the comments.

submitted by Joe-M-4 to Stellar [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - FINAL REPORT FOR 2018 - Down 85% - Stellar Victorious

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - FINAL REPORT FOR 2018 - Down 85% - Stellar Victorious
The end is here.
tl;dr - I am down -85% on my Top Ten crypto portfolio since the beginning of the year. My $1,000 investment on the 1st of January 2018 is now worth $151. Best performer of 2018 is Stellar, down -66%, worst performers down -94% and 4 out of 10 cryptos that started 2018 in the Top Ten have lost over 90% of their value.
Click here for full blog post complete with charts, graphs, and charts of graphs.

The Experiment:

Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).
My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

MONTH/EPISODE TWELVE AND FINAL TALLY - Down 85% in 2018

https://preview.redd.it/9xtqjbxu2t821.png?width=1187&format=png&auto=webp&s=8a3bd521eaf1cc0e2c49d582fa7a4f9b2180040f
December was a quiet month for the experiment - not many fireworks to end the year. Although my portfolio did reach yet another record loss at -85%, it only ticked down one percentage point from the previous month. For comparison, the Dow Jones lost over -6% in December.
Finally tally for the year: I am now down -85% on my Top Ten crypto portfolio since the beginning of the year. My $1,000 investment on the 1st of January 2018 is now worth $151.
December Winners - It was a nice change to see a bit of green on my spreadsheet for the last month of the year. Winners: Ethereum and IOTAup an impressive 39% and 30% respectively. Litecoin ticked up 5% as well.
December Losers - Stellar had an uncharacteristically rough month, losing about 1/3 of its value in December. More predictably NEM, which has been a regular cellar-dweller for many of my monthly reports, fared poorly, down -15% in December.

FINAL RESULTS for 2018 – Stellar wins the experiment followed by Bitcoin. Cardano and Bitcoin Cash in virtual tie for worst performance of the year.

Even though Stellar had a rough December, it still ended the experiment solidly in first place followed fairly closely by Bitcoin. This is not a surprise to anyone who's been following the experiment - Stellar has been consistently one of the best performing cryptos each time I report.
Stellar's victory is definitely Pyrrhic, as "winning" 2018 meant losing -66% of its value since January 1st, 2018. Second place Bitcoin? Down -71% on the year.
If that's victory, what's defeat?
Defeat is Cardano and Bitcoin Cash, virtually tied at -94% on the year. For the record, Cardano did slightly worse: my $100 invested in Cardano is now worth $5.97 and my $100 invested in Bitcoin Cash $6.32.
Cardano and Bitcoin Cash are closely followed by NEM and Dash, and all four are members of the "Down Over -90% Club." IOTA's strong December helped it narrowly avoid this distinction as it is now down "only" -89% for the year.
Summary: best performer of 2018 is down -66%, worst performers down -94% and 4 out of 10 cryptos that started 2018 in the Top Ten have lost over 90% of their value.
I'll just let that sink in for a while.
In terms of movement, there was a lot of it: 40% of the cryptos that started the year in the Top Ten have now dropped out. Here's a chart:
https://preview.redd.it/edx09fsv2t821.png?width=328&format=png&auto=webp&s=fdd3f1fd658e48943f2d012e910d27d8a17a32ac
Interestingly, the Top Four ended up in the same top positions after 365 days.
On the other hand, NEM, Dash, IOTA, and Cardano are Top Ten dropouts - they have been replaced by EOS (now at #5), Tether (currently at #8), Bitcoin SV (currently at #9), and Tron (currently at #10).

Total Market Cap for the entire cryptocurrency sector:

https://preview.redd.it/rli9zc7x2t821.png?width=439&format=png&auto=webp&s=cdef69e9d971979efd622e8bc0dd79759a15df1a
December was basically flat, as the total market cap for crypto hovered right around $130B. A nice little pause from four consecutive record low month-end points since the end of August.
Final figure: the total market cap for crypto dropped -77% in 2018.
Looking back, March was the worst month of the year in terms of both overall amount and percentage loss. Best month-end figure was end of January at $485B.
  • The last time the total market cap of crypto was at $500B: January
  • The last time the total market cap of crypto was at $400B: May
  • The last time the total market cap of crypto was at $300B: June
  • The last time the total market cap of crypto was at $200B: November

Bitcoin dominance:

https://preview.redd.it/96vcv6wx2t821.png?width=290&format=png&auto=webp&s=0e7d32b1577950f0625e907572da331175322dca
Bitcoin dominance dropped slightly from the month-end record highs at the end of October and November, but it's basically been holding steady since the end of August, right around the 50% mark. Too early to tell if the slight drop from 53% to 51% Bitcoin dominance from November to December indicates that buyers are looking at more risky alt-coins, we'll have to wait a bit to see if/how that plays out.
As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.
  • 33% Bitcoin dominance at the end of January was the lowest month-end point of the year
  • 53.6% Bitcoin dominance at the end of October was the highest month-end point of the year

Overall return on investment from January 1st, 2018:

https://preview.redd.it/wc77vyxy2t821.png?width=281&format=png&auto=webp&s=d00cd07109872e73249b1f8b378169620dbf25fa
If I wrapped up my experiment and cashed out today, my $1000 initial investment would return $151.81, down -85%.
  • Lowest Top Ten portfolio value: December
  • Highest Top Ten portfolio value: January

Implications/Observations:

The numbers back up what all who were even remotely paying attention to crypto this year noticed: 2018 was not 2017. Beginning 2018 at all time highs put this experiment in a difficult position from the start and I was never able to come close to just breaking even - my "best" month was end of January where I was "only" down -20%.
That said, buying mid-January when prices were even higher would have been worse - hard to imagine considering my Top Ten buys on New Years Day have seen a -85% drop - but yes, it could have been even worse.
Congratulations to Stellar who outperformed its peers in 2018 and was consistently among the monthly top performers.
Focusing solely on holding the Top Ten was a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -85% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall. The 8% difference is significant, but it has shrunk a bit - it was as wide as a 12% difference at one point during the year (September).
I also tracked the S&P 500 as part of my experiment to have a comparison point with other popular investments options. After a relatively strong year, the S & P 500 tanked in December, finishing down -6.2% on the year. Had I redirected my $1k investment to the S&P, I would have lost about -$62 on the year.
https://preview.redd.it/phxacotz2t821.png?width=384&format=png&auto=webp&s=3234c1f75a7766857df7b5fe96dccab9c5a60ad6

Conclusion:

Tough year for crypto, to say the least. The year end question is the same one we've been asking all year: is there more room to fall or have we finally hit the bottom for crypto?

Thanks and Future of the Experiment:

Thanks for reading and the support for the experiment. I hope you’ve found it helpful.
As for the future of the experiment, after receiving some good suggestions, I've decided to do the following:
  1. There's no way I'm selling now at such a loss. Therefore, I'll continue to hold and will report on the Top Ten cryptos of 2018 as I've been doing.
  2. I've also decided to repeat the experiment with the Top Ten cryptos of 2019. On the 1st of January 2019, I purchased $100 worth of the Top Ten: Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Tether, Litecoin, Bitcoin SV, and Tron.
I honestly wasn't very enthusiastic to buy $100 worth of some of these coins, but I think it will be interesting to compare the Top Ten of 2018 with the Top Ten of 2019 to see how they fare. I'll share the results regularly - I'm aiming for monthly, as I did in 2018.
So - I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.
submitted by Joe-M-4 to CryptoMarkets [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%

EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%
Sideways no more/movement achieved
tl;dr: After a few months of relative stability, we saw lots of movement in November, to the downside. NEM, Ripple, and Stellar and perform least horribly in November. Bitcoin Cash, easily the worst performer of the month, takes an absolute beating. Overall Stellar still on top.
Click here for full blog post complete with charts, graphs, and charts of graphs.

The Experiment:

Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).
My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

Month/Episode Eleven - Down 84%

We could file November under "Be Careful What You Wish For." After a relatively dull September and October crypto watchers were feeling antsy and predicted a big move either up or down. We definitely got some movement in November, but not the positive kind: crypto absolutely tanked this month. As for this experiment, if September and October were a slow bleed, this month was akin to losing a limb: I am now down 84% since the beginning of the year - my $1k investment is now worth $161.
November "Winners" - No one really. Performing least horribly were NEM, Ripple and Stellar, down -18%, -22%, and -29%, respectively. Each moved up in terms of ranking as well.
November Losers - For the second straight month, Bitcoin Cash lost, but this month was something special. It was absolutely crushed, losing -62% of its value in November.

Overall update – Stellar solidly in lead, BTC a distant second. Cardano and Bitcoin Cash at the bottom.

Even though Stellar is down -50% for the year, it remains squarely in the lead, followed distantly by Bitcoin down almost -70% for the year. This is not a surprise to anyone who's been following the experiment - Stellar has been one of the strongest cryptos most if not all months this year.
Although Cardano and Bitcoin Cash are the absolute worst performers at -94% and -93% respectively, they are closely followed by NEM IOTA and Dash. The takeaway? 5 out of the 10 cryptos that started the year in the Top Ten have lost over 90% of their value.
We had a lot of movement this month in terms of ranking. The Ups were Stellar up from #6 to #4, NEM up from #17 to #15, and Ripple, up from #3 to reclaim the #2 spot it held at the beginning of the year.
Most of the remaining Top Ten Cryptos went the other way. Ethereum dropped to #3 from #2, Bitcoin Cash slipped to #5 from #4, Cardano is now at #10, dropping two slots from #8 last month. IOTA is down to #13 from #12 and Dash down to #14 from #13.
NEM, Dash, and IOTA are Top Ten dropouts - they have been replaced by EOS (now at #6), Tether (currently at #8), and Bitcoin SV (currently at #9).

Total Market Cap for the entire cryptocurrency sector:

November saw $75 billion in value erased in the crypto market or about -36%. Definitely a painful month, but not the worst of the year. March was worse in both overall amount and percentage lost. The total market cap for crypto is now at its lowest month-end point of the year and from January 1st the market has lost -77% of its total value. Crypto hasn't ended a month above $300B since the end of May.

Bitcoin dominance:

One of the few constants this month: Bitcoin dominance basically held the month-end high it recorded at the end of October. As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.

Overall return on investment from January 1st, 2018:

If I cashed out today, my $1000 initial investment would return $161, down -84%. I'm officially at the lowest point in terms of value.

Implications/Observations:

After a few uncharacteristically dull months in crypto, the breakout we were expecting happened, but not the direction most were hoping to see. There definitely is a sense of hopelessness in the crypto space, an extremely sharp contrast to the mood this time last year. With only one month left to go in the year, it appears extremely unlikely that sentiment will change in the next 30 days. I'm also noticing more and more crypto commentators are disappearing or starting to change the subject.
Stellar continues to outperform its peers and is in a good position to end the year at the top of this experiment.
Focusing solely on holding the Top Ten continues to be a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -84% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall.
But this month that gap narrowed to a 7% difference, from last month's 11% difference.
I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. November was again a volatile month - the S & P 500 finished up about 3.3% on the year meaning my $1k investment would have given me $33 on the year.

Conclusion:

Although November wasn't the worst month of the year for crypto, it certainly felt especially tough. Maybe it's the result of being beaten down all year, of yet another consecutive down month (cyrpto hasn't had a green month since the end of July) or the realization that 2018 probably won't be salvaged. Many seem to be abandoning hope, while the optimist ask: is there more room to fall or have we finally hit the bottom?
Thanks for reading and the support for the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.

Although I've received some interesting suggestions, I haven't decided yet what to do with the experiment after December. If any one has suggestions, let me know in the comments.

submitted by Joe-M-4 to CryptoMarkets [link] [comments]

The Strange Birth & History of Monero, Part III: Decentralized team

You can read here part I (by americanpegaus). This is the post that motivated me to make the part II. Now i'm doing a third part, and there'll be a final 4th part. This is probably too much but i wasn't able to make it shorter. Some will be interested in going through all them, and maybe someone is even willing to make a summary of the whole serie :D.
Monero - an anonymous coin based on CryptoNote technology
https://bitcointalk.org/index.php?topic=582080.0
Comentarios de interés:
-4: "No change, this is just a renaming. In the future, the binaries will have to be changed, as well as some URL, but that's all. By the way, this very account (monero) is shared by several user and is meant to make it easier to change the OP in case of vacancy of the OP. This idea of a shared OP comes from Karmacoin.
Some more things to come:
"
(https://bitcointalk.org/index.php?topic=582080.msg6362672#msg6362672)
-5: “Before this thread is too big, I would like to state that a bug has been identified in the emission curve and we are currently in the process of fixing it (me, TFT, and smooth). Currently coins are emitted at double the rate that was intended. We will correct this in the future, likely by bitshifting values of outputs before a certain height, and then correcting 1 min blocks to 2 min blocks. The changes proposed will be published to a Monero Improvement Protocol on github.”
(https://bitcointalk.org/index.php?topic=582080.msg6363016#msg6363016)
[tacotime make public the bug in the emission curve: token creation is currently 2 times what was intended to be, see this chart BTC vs the actual XMR curve, as it was and it is now, vs the curve that was initially planned in yellow see chart]
-14: “Moving discussion to more relevant thread, previous found here:
https://bitcointalk.org/index.php?topic=578192.msg6364026#msg6364026
I have to say that I am surprised that such an idea [halving current balances and then changing block target to 2 min with same block reward to solve the emission curve issue] is even being countenanced - there are several obvious arguments against it.
Perception - what kind of uproar would happen if this was tried on a more established coin? How can users be expected to trust a coin where it is perceived that the devs are able and willing to "dip" into people's wallets to solve problems?
Technically - people are trying to suggest that this will make no difference since it applies to reward and supply, which might be fair enough if the cap was halved also, but it isn't. People's holdings in the coin are being halved, however it is dressed up.
Market price - How can introducing uncertainty in the contents of people's wallets possibly help market price? I may well be making a fool of myself here, but I have never heard of such a fix before, unless you had savings in a Cypriot bank - has this ever been done for another coin?”
(https://bitcointalk.org/index.php?topic=582080.msg6364174#msg6364174)
-15: “You make good points but unfortunately conflicting statements were made and it isn't possible to stick to them all. It was said that this coin had a mining reward schedule similar to bitcoin. In fact it is twice as fast as intended, even even a bit more than twice as fast as bitcoin.
If you acquired your coins on the basis of the advertised reward schedule, you would be disappointed, and rightfully so, as more coins come to into existence more quickly than you were led to believe.
To simply ignore that aspect of the bug is highly problematic. Every solution may be highly problematic, but the one being proposed was agreed as being the least bad by most of the major stakeholders. Maybe it will still not work, this coin will collapse, and there will need to be a relaunch, in which case all your coins will likely be worthless. I hope that doesn't happen.”
(https://bitcointalk.org/index.php?topic=582080.msg6364242#msg6364242)
[smooth tries to justify his proposal to solve the emission curve issue: halve every current balance and change block target to 2 min with same block reward]
-16: “This coin wasn't working as advertised. It was supposed to be mined slowly like BTC but under the current emission schedule, 39% would be mined by the first year and 86% by the fourth year. Those targets have been moved out by a factor of 2, i.e. 86% mined by year 8, which is more like BTC's 75% by year 8. So the cap has been moved out much further into the future, constraining present and near-term supply, which is what determines the price.”
(https://bitcointalk.org/index.php?topic=582080.msg6364257#msg6364257)
[eizh supports smooth’s plan]
-20: “So long as the process is fair and transparent it makes no difference what the number is... n or n/2 is the same relative value so long as the /2 is applied to everyone. Correcting this now will avoid people accusing the coin of a favourable premine for people who mined in the first week.”
(https://bitcointalk.org/index.php?topic=582080.msg6364338#msg6364338)
[random user supporting smooth’s idea]
-21: “Why not a reduction in block reward of slightly more than half to bring it into line with the proposed graph? That would avoid all sorts of perceptual problems, would not upset present coin holders and be barely noticeable to future miners since less than one percent of coins have been mined so far, the alteration would be very small?”
(https://bitcointalk.org/index.php?topic=582080.msg6364348#msg6364348)
-22: “Because that still turns into a pre-mine or instamine where a few people got twice as many coins as everyone else in the first week.
This was always a bug, and should be treated as such.”
(https://bitcointalk.org/index.php?topic=582080.msg6364370#msg6364370)
[smooth wants to be sure they can’t be stigmatized as “premine”]
-23: “No, not true [answering to "it makes no difference what the number is... n or n/2 is the same relative value so long as the /2 is applied to everyone"]. Your share of the 18,000,000 coins is being halved - rightly or wrongly.”
(https://bitcointalk.org/index.php?topic=582080.msg6364382#msg6364382)
[good point made by a user that is battling “hard” with smooth and his proposal]
-28: “+1 for halving all coins in circulation. Would they completely disappear? What would the process be?”
-31: “I will wait for the next coin based on CryptoNote. Many people, including myself, avoided BMR because TFT released without accepting input from anyone (afaik). I pm'ed TFT 8 days before launch to help and didn't get response until after launch. Based on posting within the thread, I bet there were other people. Now the broken code gets "fixed" by taking away coins.”
(https://bitcointalk.org/index.php?topic=582080.msg6364531#msg6364531)
-32: “What you say is true, and I can't blame anyone from simply dropping this coin and wanting a complete fresh start instead. On the other hand, this coin is still gaining in popularity and is already getting close to bytecoin in hash rate, while avoiding its ninja premine. There is a lot done right here, and definitely a few mistakes.”
(https://bitcointalk.org/index.php?topic=582080.msg6364574#msg6364574)
[smooth stands for the project legitimacy despite the bugs]
-37: “Since everything is scaled and retroactive, the only person to be affected is... me. Tongue Because I bought BMR with BTC, priced it with incorrect information, and my share relative to the eventual maximum has been halved. Oh well. The rest merely mined coins that never should have been mined. The "taking away coins" isn't a symptom of the fix: it's the fundamental thing that needed fixing. The result is more egalitarian and follows the original intention. Software is always a work-in-progress. Waiting for something ideal at launch is pretty hopeless. edit: Let me point out that most top cryptocurrencies today were released before KGW and other new difficulty retargeting algorithms became widespread. Consequently they had massive instamines on the first day, even favorites in good standing like LTC. Here the early miners are voluntarily reducing their eventual stake for the sake of fairness. How cool is that?”
(https://bitcointalk.org/index.php?topic=582080.msg6364886#msg6364886)
[this is eizh supporting the project too]
-43: “I'm baffled that people are arguing about us making the emission schedule more fair. I'm an early adopter. This halves my money, and it's what I want to do. There's another change that needs to be talked about too: we don't believe that microscopic levels of inflation achieved at 9 or 10 years will secure a proof-of-work network. In fact, there's a vast amount of evidence from DogeCoin and InfiniteCoin that it will not. So, we'd like to fix reward when it goes between 0.25 - 1.00 coins. To do so, we need to further bitshift values to decrease the supply under 264-1 atomic units to accommodate this. Again, this hurts early adopters (like me), but is designed to ensure the correct operation of the chain in the long run. It's less than a week old, and if we're going to hardfork in economic changes that make sense we should do it now. We're real devs turning monero into the coin it should have been, and our active commitment should be nothing but good news. Fuck the pump and dumps, we're here to create something with value that people can use.”
(https://bitcointalk.org/index.php?topic=582080.msg6366134#msg6366134)
[tacotime brings to the public for first time the tail emission proposal and writes what is my favourite sentence of the whole monero history: “Fuck the pump and dumps, we're here to create something with value that people can use”]
-51: “I think this is the right attitude. Like you I stand to "lose" from this decision in having my early mining halved, but I welcome it. Given how scammy the average coin launch is, I think maximizing fairness for everyone is the right move. Combining a fair distribution with the innovation of Cryptonote tech could be what differentiates Monero from other coins.”
(https://bitcointalk.org/index.php?topic=582080.msg6366346#msg6366346)
-59: “Hello! It is very good that you've created this thread. I'm ok about renaming. But I can't agree with any protocol changes based only on decisions made by bitcointalk.org people. This is because not all miners are continiously reading forum. Any decision about protocol changes are to be made by hashpower-based voting. From my side I will agree on such a decision only if more than 50% of miners will agree. Without even such a simple majority from miners such changes are meaningless. In case of hardfork that isn't supported by majority of miners the network will split into two nets with low-power fork and high-power not-forking branches. I don't think that this will be good for anybody. Such a voting is easy to be implemented by setting minor_version of blocks to a specific value and counting decisions made after 1000 of blocks. Do you agree with such a procedure?”
(https://bitcointalk.org/index.php?topic=582080.msg6368478#msg6368478)
[TFT appears after a couple days of inactivity]
-63: “In few days I will publish a code with merged mining support. This code will be turned ON only by voting process from miners. What does it mean:
The same procedure is suitable for all other protocol changes.”
(https://bitcointalk.org/index.php?topic=582080.msg6368720#msg6368720)
[And now he is back, TFT is all about merged mining]
-67: “We don't agree that a reverse split amounts to "taking" coins. I also wouldn't agree that a regular forward split would be "giving" coins. It's an exchange of old coins with new coins, with very nearly the exact same value. There is a very slight difference in value due to the way the reward schedule is capped, but that won't be relevant for years or decades. Such a change is entirely reasonable to fix an error in a in coin that has only existed for a week.”
(https://bitcointalk.org/index.php?topic=582080.msg6368861#msg6368861)
-68: “There were no error made in this coin but now there is an initiative to make some changes. Changes are always bad and changes destroy participant confidence even in case these changes are looking as useful. We have to be very careful before making any changes in coins”
(https://bitcointalk.org/index.php?topic=582080.msg6368939#msg6368939)
[TFT does not accept the unexpected emission curve as a bug]
-72: “You are wrong TFT. The original announcement described the coin as having a reward curve "close to Bitcoin's original curve" (those are your exact words). The code as implemented has a reward curve that is nothing like bitcoin. It will be 86% mined in 4 years. It will be 98% mined in 8 years. Bitcoin is 50% mined in 4 years, and 75% in 8 years.
With respect TFT, you did the original fork, and you deserve credit for that. But this coin has now gone beyond your initial vision. It isn't just a question of whether miners are on bitcointalk or not.
There is a great team of people who are working hard to make this coin a success, and this team is collaborating regularly through forum posts, IRC, PM and email. And beyond that a community of users who by and large have been very supportive of the efforts we've taken to move this forward.
Also, miners aren't the only stakeholders, and while a miner voting process is great, it isn't the answer to every question. Though I do agree that miners need to be on board with any hard fork to avoid a harmful split.”
(https://bitcointalk.org/index.php?topic=582080.msg6369137#msg6369137)
[smooth breaks out publicily for first time against TFT]
-75: “I suppose that merged mining as a possible option is a good idea as soon as nobody is forced to use it. MM is a possibility to accept PoW calculated for some other network. It helps to increase a security of both networks and makes it possible for miners not to choose between two networks if they want both:
Important things to know about MM:
Actually the only change that goes with MM is that we are able to accept PoW from some other net with same hash-function. Each miner can decide his own other net he will merge mine BMR with.
And this is still very secure.
This way I don't see any disadvantage in merged mining. What disadvantages do you see in MM?”
(https://bitcointalk.org/index.php?topic=582080.msg6369255#msg6369255)
[TFT stands for merged mining]
-77: “Merged mining essentially forces people to merge both coins because that is the only economically rational decision. I do not want to support the ninja-premined coin with our hash rate.
Merged mining makes perfect sense for a coin with a very low hash rate, otherwise unable to secure itself effectively. That is the case with coins that merge mine with bitcoin. This coin already has 60% of the hash rate of bytecoin, and has no need to attach itself to another coin and encourage sharing of hash rate between the two. It stands well on its own and will likely eclipse bytecoin very soon.
I want people to make a clear choice between the fair launched coin and the ninja-premine that was already 80% mined before it was made public. Given such a choice I believe most will just choose this coin. Letting them choose both allows bytecoin to free ride on what we are doing here. Let the ninja-preminers go their own way.”
(https://bitcointalk.org/index.php?topic=582080.msg6369386#msg6369386)
[smooth again]
-85: “One of you is saying that there was no mistake in the emission formula, while the other is. I'm not asking which I should believe . . I'm asking for a way to verify this”
(https://bitcointalk.org/index.php?topic=582080.msg6369874#msg6369874)
[those that have not been paying attention to the soap opera since the beginning do not understand anything at all]
-86: “The quote I posted "close to Bitcoin's original curve" is from the original announcement here: https://bitcointalk.org/index.php?topic=563821.0
I think there was also some discussion on the thread about it being desirable to do that.
At one point in that discussion, I suggested increasing the denominator by a factor of 4, which is what ended up being done, but I also suggested retaining the block target at 2 minutes, which was not done. The effect of making one change without the other is to double the emission rate from something close to bitcoin to something much faster (see chart a few pages back on this thread).”
(https://bitcointalk.org/index.php?topic=582080.msg6369935#msg6369935)
[smooth answers just a few minutes later]
-92: “I'm happy the Bitmonero attracts so much interest.
I'm not happy that some people want to destroy it.
Here is a simple a clear statement about plans: https://bitcointalk.org/index.php?topic=582670
We have two kind of stakeholders we have respect: miders and coin owners.
Before any protocol changes we will ask miners for agreement. No changes without explicit agreement of miners is possible.
We will never take away or discount any coins that are already emitted. This is the way we respect coin owners.
All other issues can be discussed, proposed and voted for. I understand that there are other opinions. All decisions that aren't supported in this coin can be introduced in any new coin. It's ok to start a new fork. It's not ok to try to destroy an existsing network.”
(https://bitcointalk.org/index.php?topic=582080.msg6370324#msg6370324)
[TFT is kinda upset – he can see how the community is “somehow” taking over]
-94: “Sounds like there's probably going to be another fork then. Sigh.
I guess it will take a few tries to get this coin right.
The problem with not adjusting existing coins is that it make this a premine/instamine. If the emission schedule is changed but not as a bug fix, then earlier miners got an unfair advantage over everyone else. Certainly there are coins with premines and instamines, but there's a huge stigma and such a coin will never achieve the level of success we see for this coin. This was carefully discussed during the team meeting, which was announced a day ahead of time, and everyone with any visible involvement with the coin, you included, was invited. It is unfortunate you couldn't make it to that meeting TFT.”
(https://bitcointalk.org/index.php?topic=582080.msg6370411#msg6370411)
[smooth is desperate due to TFT lack of interest in collaboration, and he publicly speaks about an scission for first time]
-115: “Very rough website online, monero.cc (in case you asked, the domain name was voted on IRC, like the crypto name and its code). Webdesigner, webmaster, writers... wanted.”
(https://bitcointalk.org/index.php?topic=582080.msg6374702#msg6374702)
[Even though the lack of consensus and the obvious chaos, the community keeps going on: Monero already has his own site]
-152: “Here's one idea on fixing the emissions without adjusting coin balances.
We temporarily reduce the emission rate to half of the new target for as long as it takes for the total emission from 0 to match the new curve. Thus there will be a temporary period when mining is very slow, and during that period there was a premine.
But once that period is compete, from the perspective of new adopters, there was no premine -- the total amount of coins emitted is exactly what the slow curve says it should be (and the average rate since genesis is almost the same as the rate at which they are mining, for the first year or so at least).
This means the mining rewards will be very low for a while (if done now then roughly two weeks), and may not attract many new miners. However, I think there enough of us early adopters (and even some new adopters who are willing to make a temporary sacrifice) who want to see this coin succeed to carry it through this period.
The sooner this is done the shorter the catch up period needs to be.”
(https://bitcointalk.org/index.php?topic=582080.msg6378032#msg6378032)
[smooth makes a proposal to solve the “emission curve bug” without changing users balances and without favoring the early miners]
-182: “We have added a poll in the freenode IRC room "Poll #2: "Emission future of Monero, please vote!!" started by stickh3ad. Options: #1: "Keep emission like now"; #2: "Keep emission but change blocktime and final reward"; #3: "Keep emission but change blocktime"; #4: "Keep emission but change final reward"; #5: "Change emission"; #6: "Change emission and block time"; #7: "Change emission and block time and final reward"
Right now everyone is voting for #4, including me.”
(https://bitcointalk.org/index.php?topic=582080.msg6379518#msg6379518)
[tacotime announces an ongoing votation on IRC]
-184: “ change emission: need to bitshift old values on the network or double values after a certain block. controversial. not sure if necessary. can be difficult to implement. keep emission: straightforward, we don't keep change emission or block time. change final reward is simple. if (blockSubsidy < finalSubsidy) return finalSubsidy; else return blockSubsidy;”
(https://bitcointalk.org/index.php?topic=582080.msg6379562#msg6379562)
-188: “Yeah, well. We need to change the front page to reflect this if we can all agree on it.
We should post the emissions curve and the height and value that subsidy will be locked in to.
In my opinion this is the least disruptive thing we can do at the moment, and should ensure that the fork continues to be mineable and secure in about 8 years time without relying on fees to secure it (which I think you agree is a bad idea).”
(https://bitcointalk.org/index.php?topic=582080.msg6379871#msg6379871)
[tacotime]
-190: “I don't think the proposed reward curve is bad by any means. I do think it is bad to change the overall intent of a coin's structure and being close to bitcoins reward curve was a bit part of the intent of this coin. It was launched in response to the observation that bytecoin was 80% mined in less than two years (too fast) and also that it was ninja premined, with a stated goal that the new coin have a reward curve close to bitcoin.
At this point I'm pretty much willing to throw in the towel on this launch:
  1. No GUI
  2. No web site
  3. Botched reward curve (at least botched relative to stated intent)
  4. No pool (and people who are enthusiastically trying to mine having trouble getting any blocks; some of them have probably given up and moved on).
  5. No effective team behind it at launch
  6. No Mac binaries (I don't think this is all that big a deal, but its another nail)
I thought this could be fixed but with all the confusion and lack of clear direction or any consistent vision, now I'm not so sure.
I also believe that merged mining is basically a disaster for this coin, and is probably being quietly promoted by the ninjas holding 80% of bytecoin, because they know it keeps their coin from being left behind, and by virtue of first mover advantage, probably relegates any successors to effective irrelevance (like namecoin, etc.).
We can do better. It's probably time to just do better.”
(https://bitcointalk.org/index.php?topic=582080.msg6380065#msg6380065)
[smooth is disappointed]
-191: “The website does exist now, it's just not particularly informative yet. :) But, I agree that thankful_for_today has severely mislead everyone by stating the emission was "close to Bitcoin's" (if he's denying that /2 rather than /4 emission schedule was unintentional, as he seems to be). I'm also against BCN merge mining. It works against the goal of overtaking BCN and if that's not a goal, I don't know what we're even doing here. I'll dedicate my meagre mining to voting against that.
That said, you yourself have previously outlined why relaunches and further clones fail. I'd rather stick with this one and fix it.”
(https://bitcointalk.org/index.php?topic=582080.msg6380235#msg6380235)
[eizh tries to keep smooth on board]
-196: “BCN is still growing as well. It is up to 1.2 million now. If merged mining happens, (almost) everyone will just mine both. The difficulty on this coin will jump up to match BCN (in fact both will likely go higher since the hash rate will be combined) and again it is an instamine situation. (Those here the first week get the benefit of easy non-merged mining, everyone else does not.) Comments were made on this thread about this not being yet another pump-and-dump alt. I think that could have been the case, but sadly, I don't really believe that it is.”
(https://bitcointalk.org/index.php?topic=582080.msg6380778#msg6380778)
-198: “There's no point in fragmenting talent. If you don't think merge mining is a good idea, I'd prefer we just not add it to the code.
Bitcoin had no web site or GUI either initially. Bitcoin-QT was the third Bitcoin client.
If people want a pool, they can make one. There's no point in centralizing the network when it's just began, though. Surely you must feel this way.”
(https://bitcointalk.org/index.php?topic=582080.msg6381866#msg6381866)
[tacotime also wants smooth on board]
-201: “My personal opinion is that I will abandon the fork if merge mining is added. And then we can discuss a new fork. Until then I don't think Monero will be taken over by another fork.”
(https://bitcointalk.org/index.php?topic=582080.msg6381970#msg6381970)
[tacotime opens the season: if merged mining is implemented, he will leave the ship]
-203: “Ditto on this. If the intention wasn't to provide a clearweb launched alternative to BCN, then I don't see a reason for this fork to exist. BCN is competition and miners should make a choice.”
(https://bitcointalk.org/index.php?topic=582080.msg6382097#msg6382097)
[eizh supports tacotime]
-204: “+1 Even at the expense of how much I already "invested" in this coin.”
(https://bitcointalk.org/index.php?topic=582080.msg6382177#msg6382177)
[NoodleDoodle is also against merged mining]
This is basically everything worth reading in this thread. This thread was created in the wrong category, and its short life of about 2 days was pretty interesting. Merged mining was rejected and it ended up with the inactivity of TFT for +7 days and the creation of a new github repo the 30th of April. It is only 12 days since launch and a decentralized team is being built.
Basically the community had forked (but not the chain) and it was evolving and moving forward to its still unclear future.
These are the main takeaways of this thread:
  • The legitimacy of the "leaders" of the community is proven when they proposed and supported the idea of halving the balances for the greater good to solve the emission curve issue without any possible instamine accusation. Also their long-term goals and values rejecting merged-mining with a "primined scam"
  • It is decided that, as for now, it is “too late” to change the emission curve, and finally monero will mint 50% of its coin in ~1.3 years (bitcoin did it after 3.66 years) and 86% of its coins in 4 years (bitcoin does it in ~11 years) (was also voted here) (see also this chart)
  • It is decided that a “minimum subsidy” or “tail emission” to incentivize miners “forever” and avoid scaling fees will be added (it will be finally added to the code march 2015)
  • Merged mining is plainly rejected by the future “core team” and soon rejected by "everyone". This will trigger TFT inactivity.
  • The future “core team” is somehow being formed in a decentralized way: tacotime, eizh, NoodleDoodle, smooth and many others
And the most important. All this (and what is coming soon) is a proof of the decentralization of Monero. Probably comparable to Bitcoin first days. This is not a company building a for-profit project (even if on the paper it is not for-profit), this a group of disconnected individuals sharing a goal and working together to reach it.
Soon will be following a final part where i'll collect the bitcointalk logs in the current official announcement threads. There you'll be able to follow the decentralized first steps of develoment (open source pool, miner optimizations and exchanges, all surrounded by fud trolls, lots of excitmen and a rapidly growing collaborative community.
submitted by el_hispano to Monero [link] [comments]

9/26 Tuesday Stock Market Movers & News

Good morning traders of the stocks sub! Happy Tuesday to all of you! Here are your stock market movers & news this morning-

Frontrunning: September 26

STOCK FUTURES NOW:

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YESTERDAY'S MARKET HEAT MAP:

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YESTERDAY'S S&P SECTORS:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S ECONOMIC CALENDAR:

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THIS WEEK'S IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

($MU $RAD $RHT $NKE $BBRY $THO $KBH $DRI $PTN $ACN $FDS $INFO $SNX $ASNA $MTN $JBL $PIR $CTAS $WOR $CAG)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

(N/A)

EARNINGS RELEASES BEFORE THE OPEN TODAY:

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EARNINGS RELEASES AFTER THE CLOSE TODAY:

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THIS MORNING'S ANALYST UPGRADES/DOWNGRADES:

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THIS MORNING'S INSIDER TRADING FILINGS:

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TODAY'S DIVIDEND CALENDAR:

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THIS MORNING'S MOST ACTIVE TRENDING DISCUSSIONS:

  • FB
  • BABA
  • AXON
  • MU
  • NKE
  • RHT
  • DRI
  • GNCA
  • ZGNX
  • INFO
  • MO
  • PM
  • TXMD
  • S
  • CAKE
  • TXN
  • MYOK
  • PNC
  • KMI
  • GHL
  • DISH
  • SAM
  • ARNA
  • PRQR
  • JD

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Shake Shack – The restaurant chain's stock was downgraded to "neutral" from "outperform" at Wedbush, with potential cannibalization from newly opened locations among the risks mentioned.

STOCK SYMBOL: SHAK

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Darden Restaurants – The restaurant chain operator reported adjusted quarterly profit of 99 cents per share, matching estimates, while revenue beat forecasts. Comparable sales at its Olive Garden chain were up 1.9 percent, shy of the 2.5 percent consensus estimate, though comp sales at its Longhorn Steakhouse unit did beat forecasts.

STOCK SYMBOL: DRI

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JPMorgan Chase – The bank's stock was downgraded to "hold" from "buy" at Deutsche Bank, with the firm focusing on its view of a flattening of the yield curve and the lack of significant acceleration in economic growth.

STOCK SYMBOL: JPM

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FactSet – The provider of financial market information earned an adjusted $1.90 per share for its latest quarter, one cent above estimates, while revenue also beat Street forecasts.

STOCK SYMBOL: FDS

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Newell Brands – The household products maker announced that it will resume its stock buyback program. The program had been suspended in the fourth quarter of 2015 in conjunction with its acquisition of Jarden.

STOCK SYMBOL: NWL

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Red Hat — The Linux software distributor reported adjusted quarterly profit of 77 cents per share, 10 cents above estimates, with revenue also above forecasts. Red Hat also raised its full-year forecast, amid strong demand for its cloud-based products.

STOCK SYMBOL: RHT

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Ascena Retail – Ascena reported a surprise profit, with adjusted quarterly earnings of five cents per share. The parent of Ann Taylor and other apparel sellers had been expected to post a loss of three cents per share for the quarter, according to consensus estimates. Revenue also beat forecasts, and comparable sales fell only half as much as expected.

STOCK SYMBOL: ASNA

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Walt Disney – Disney is testing a revamp of its retail store format for the first time since 2010, as well as launching a new shopping website today.

STOCK SYMBOL: DIS

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Alibaba – The China-based online retailer announced a plan to invest more than $15 billion to build a global logistics network, and is also increasing its stake in China logistics firm Cainiao Smart Logistics to 51 percent from 47 percent.

STOCK SYMBOL: BABA

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U.S. Steel – The steel maker announced that it and joint venture partner Kobe Steel will invest $400 million to boost output of high strength steel to meet increasing demand from automakers.

STOCK SYMBOL: X

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General Electric – GE is in danger of losing a $2.5 billion 11-year deal struck in 2015 to sell diesel locomotives in India, according to the Wall Street Journal. A newly appointed transportation official has said that India intends to pull out of the deal and switch to exclusive use of electric locomotives, although the paper said GE officials have met with that official to try to save the deal.

STOCK SYMBOL: GE

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Amazon.com – Amazon said its Alexa digital assistant will be integrated with its Amazon Music service as of today.

STOCK SYMBOL: AMZN

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Microsoft – Microsoft will unveil a customer service virtual assistant next week, its first product in a new line of software intended to compete in the market for business-focused AI applications.

STOCK SYMBOL: MSFT

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Apple – Apple has been asked by private equity firm KKR to switch sides in the bidding for Toshiba's chip unit, according to a Bloomberg report. Apple has been part of a group led by Bain Capital, but KKR wants Apple to join its joint bid with Western Digital for the unit.

STOCK SYMBOL: AAPL

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Boeing – Boeing has begun a project that could ultimately result in a new mid-market jet. 787 Dreamliner head Mark Jenks has been transferred to the new project, according to Reuters.

STOCK SYMBOL: BA

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Shutterfly – Shutterfly announced that its online photo services have been integrated with the Apple Photos app for the Mac operating system known as High Sierra.

STOCK SYMBOL: SFLY

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HIS Markit – The financial information provider earned an adjusted 57 cents per share for its latest quarter, four cents above estimates, with revenue also above forecasts. The company said its transportation and financial services businesses did particularly well during the quarter.

STOCK SYMBOL: INFO

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FULL DISCLOSURE:

bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.

DISCUSS!

What is on everyone's radar for today's trading day ahead here at stocks?

I hope you all have a great trading day ahead here on this Tuesday, September the 26th! :)

submitted by bigbear0083 to stocks [link] [comments]

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