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Bitcoin (BTC) Real-Time Price Index and Chart — CoinDesk 20
I like Square as a company and see a lot of people are bullish about it. However, a few things stop me from investing. Be interested to hear thoughts but at the moment I am a Square bear. Management Jack Dorsey is a visionary. I don’t think this is controversial. However, his track record at Twitter is worrying for shareholders. Be it daily active user growth, ambition with acquisitions but ultimately failure to monetise a fantastic platform where you have big corporations, celebrities and even the President reaching out to 200m daily active users for free. With Square, the closed loop business model of businesses and consumers is again a fantastic concept that could break the power of Visa/Mastercard. Execution remains to be seen, of course. Competition Square operate in a highly competitive field for consumers and businesses. Let’s take consumers based on Square’s fast-growing Cash App. It offers things a normal bank does like deposits, ATM access, money transfer. If it becomes a fully-fledged bank offering loans, credit; it is competing against the likes of big incumbents (e.g. JP Morgan, Bank of America). Granted they’re dinosaur firms but they already have a huge customer base that are older and, therefore, have more money and deposits. This means it is much easier for them to monetise their customers resulting in high ARPU. Why would these lucrative customers, en-masse, want to uproot their finances to Square when their existing providers will be providing the same service by copying Square, as JP Morgan have done this week? Link For businesses, Square’s provides software offering (invoicing, PoS, online store) but face strong competition from the likes of Shopify who are taking a fully integrated service approach to SMEs which allows them to take their business online but also manage all their backend processes, including payments. This is a highly convenient service for entrepreneurs. Shopify already has 6% share of the online retail market. Square also provides hardware products which make it easy for SMEs, in particular, to take payments. However, there is evidence that retail is facing a more permanent shift in the US vs. the rest of the world with 60% less footfall today than a year ago Link. 58% of Square’s GPV is from food/drink, retail and professional services. Square may have good market share but it is a shrinking industry. And as a final piece, competitors in both spaces are generally in very healthy financial shape: Paypal, Shopify, Global Payments, Western Union and big banks are well-capitalised. Valuation Perhaps you can get over the above with the fact that Square has strong network effects and are able to win customers cheaply. However, in my opinion, Square is priced for perfection. Simply looking at a price/sales metric, it is trading 13x LTM. This is high but maybe relatively reasonable for a fast-growing business. However, 25% of Square’s revenue is accounted by Bitcoin “revenue”. This brings little value to Square (2% gross profit) and even Square themselves discount this revenue in their KPIs because it is “out of their control and not reflective of Square’s performance”. Now onto profits. It is not fair to be too hard on Square’s profitability. After all, it is in high growth phase and its marketing costs were its highest opex line item at roughly 35% for YTD. However, a cursory look at it is Enterprise Value / EBITDA (forward look to Dec2020), it is 242x. If we give credit for Square’s business plan for a further two years, today’s Enterprise Value over broker consensus forecast EBITDA for 2022, it is still a heady 77x. This is when Square is supposed to have EBITDA of $1bn which is three times more than it is forecast for Dec 2020. Priced to perfection. If you compare it to Paypal, it is trading at 39x and 27x EV / EBITDA for Dec 2020 and 2022. Conclusion Square has formidable backers like Ark Invest. I am also not a great believer in “dumb retail” overvaluing a stock for a prolonged period of time. But for reasons above, I am cautious with Square and yet it keeps climbing so please tell me what I am missing…
Good morning! I'm trying something new today - so let's see how this goes. (If it works, I'll do it again. It it doesn't, I won't waste anyone's time with it next time because it's a LOT of work.) What we have here are the leftovers from yesterday's auction. I have heard from a few people that the buyer's premium and other fees the auctioneer adds on (so he can make money and pay for the auctions) are too high - so I'm offering them all here for sale individually. No buyer's premiums. No additional fees. In fact, I'M OFFERING DISCOUNTS: *All the World Silver is 10% off the listed price. *All the World Non-Silver marked $1.00 are now $.75 each. *FREE shipping for any order over $100. Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is: https://www.auctionzip.com/auction-catalog/Coins-US,-Foreign-,-Rare,-Graded,-Type,-Jewelry,-More-3_Q37IBJZ4W1/?page=0&searchWithAll=&size=200&sort= Here is the required "prove you still have the stuff" photo with the username card and today's date (I pulled the first five items out of the storage trays so you weren't just seeing the tops of bags): PHOTO Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. I will do my absolute best to update the ad as soon as lots sell. World Silver (10% off listed price!) 51World Silver - Philippines 1944 S 50 Centavos $8.00 52World Silver - Philippines 1944 S 50 Centavos $8.00 53World Silver - Philippines 1944 S 50 Centavos $8.00 54World Silver - Philippines 1944 D 20 Centavos $3.00 55World Silver - Philippines 1944 D 20 Centavos $3.00 56World Silver - Philippines 1944 D 20 Centavos $3.00 57World Silver - Belgium 1909 1 Frank $5.00 58World Silver - Philippines 1944 D 20 Centavos $3.00 59World Silver - Philippines 1944 D 20 Centavos $3.00 60World Silver - Philippines 1944 D 20 Centavos $3.00 61World Silver - Philippines 1944 D 10 Centavos $2.00 62World Silver - Philippines 1944 D 10 Centavos $2.00 64World Silver - Philippines 1944 D 10 Centavos $2.00 65World Silver - Australia 1942 (m) 1 Shilling BETTER DATE $5.00 66World Silver - New Zealand 1941 1 Florin NICE $12.00 67 World Silver - Switzerland 1920 1/2 Franc $2.00 68 World Silver - Switzerland 1951 1/2 Franc $2.00 69 World Silver - Switzerland 1952 1/2 Franc $2.00 70 World Silver - Italy 1959 500 Lire $9.00 71 World Silver - Italy 1960 500 Lire $9.00 73 World Silver - Spain 1869 (69) SN-M 1 Peseta KEY DATE $25.00 74World Silver - Sweden 1938 1 Krona $6.00 75 World Silver - France 1913 50 Centimes $2.00 76World Silver - Hong Kong 1884 10 Cents $3.00 78 World Silver - Canada 1913 25 Cents $5.00 79World Silver - Canada 1906 25 Cents $5.00 80 World Silver - Canada 1910 25 Cents $5.00 81 World Silver - Cyprus 1901 9 Piastres $10.00 82 World Silver - Canada 1917 25 Cents $5.00 83 World Silver - Canada 1918 25 Cents $5.00 84World Silver - Canada 1888 10 Cents $3.00 85 World Silver - Canada 1906 10 Cents $3.00 86 World Silver - Canada 1916 10 Cents $3.00 87 World Silver - Canada 1918 10 Cents $3.00 88 World Silver - Philippines 1917 S 10 Centavos $2.00 89World Silver - Canada (Newfoundland) 1942 C 10 Cents $3.00 90World Silver - Guatemala 1894 2 Reales Pendant $5.00 92World Silver - Great Britain 1917 3 Pence $2.00 93World Silver - Great Britain 1917 3 Pence $2.00 94World Silver - Great Britain 1916 3 Pence $2.00 95World Silver - Great Britain 1919 3 Pence $2.00 97World Silver - Great Britain 1920 3 Pence $2.00 98World Silver - Great Britain 1916 3 Pence $2.00 99 World Silver - Caribbean Country 1915 20 Centavos $5.00 100 World Silver - Caribbean Country 1953 25 Centavos $5.00 252World Silver - Great Britain 1918 3 Pence $2.00 253 World Silver - Switzerland 1945 1/2 Franc $3.00 254 World Silver - Switzerland 1950 1/2 Franc $3.00 255 World Silver - Switzerland 1953 1/2 Franc $3.00 256 World Silver - Switzerland 1975 1 Franc $8.00 257World Silver - Switzerland 1903 1 Franc $5.00 258 World Silver - Switzerland 1958 1 Franc $6.00 259World Silver - Great Britain 1919 3 Pence $2.00 260World Silver - Great Britain 1916 3 Pence $2.00 261World Silver - Great Britain 1919 3 Pence $2.00 263 World Silver - Australia 1914 (L) Sixpence $4.00 264World Silver - Australia 1916 M Sixpence KEY DATE $15.00 265World Silver - Australia 1919 M Sixpence $8.00 266 World Silver - Australia 1922 Sixpence $10.00 267 World Silver - Australia 1922 Sixpence $10.00 268 World Silver - Australia 1923 Sixpence $6.00 269 World Silver - Australia 1923 Sixpence $6.00 270World Silver - Australia 1936 Sixpence $3.00 271 World Silver - Australia 1939 Sixpence $4.00 272 World Silver - Australia 1911 Shilling $5.00 273 World Silver - Australia 1912 Shilling $8.00 274 World Silver - Australia 1912 Shilling $10.00 275 World Silver - Australia 1914 Shilling $6.00 276 World Silver - Australia 1920 Shilling $8.00 277 World Silver - Australia 1920 Shilling $10.00 278 World Silver - Australia 1922 Shilling $6.00 279 World Silver - Australia 1928 Shilling $8.00 280 World Silver - Australia 1943 Shilling $10.00 281World Silver - Germany (Bavaria) 1902 D 5 Marks $28.00 282World Silver - Germany (Saxony) 1876 E 2 Marks $20.00 283World Silver - Great Britain 1889 Sixpence $4.00 284World Silver - Great Britain 1889 Sixpence $6.00 286World Silver - Great Britain 1900 Sixpence $4.00 287World Silver - Great Britain 1904 Sixpence $4.00 288World Silver - Great Britain 1907 Sixpence $10.00 289World Silver - Great Britain 1921 Sixpence $4.00 290World Silver - Great Britain 1925 Sixpence NICE $12.00 293World Silver - Germany (Prussia) 1849 A 1/6 Thaler $8.00 294 World Silver - Portugal 1933 2 1/2 Escudos KEY DATE $8.00 295World Silver - New Zealand 1939 6 Pence $3.00 297World Silver - Great Britain 1872 (14) Shilling $8.00 298World Silver - Great Britain 1873 (81) Shilling $8.00 299 World Silver - New Zealand 1943 6 Pence $3.00 451World Silver - Seychelles 1944 25 Cents (mintage 36k) $3.00 453World Silver - Columbia 1874 10 Centavos LOW MINTAGE $4.00 454 World Silver - Guatemala 1899 1 Real $4.00 455 World Silver - Philippines 1868 20 Centimos $6.00 457World Silver - Great Britain 1918 Shilling $6.00 458World Silver - Great Britain 1924 Shilling $6.00 459World Silver - Great Britain 1925 Florin KEY DATE $15.00 463 World Silver - Egypt 1917 2 Piastres $3.00 464World Silver - Canada 1882 H Ten Cents $8.00 465 World Silver - Canada 1882 H Ten Cents $10.00 466 World Silver - Canada 1886 Ten Cents $15.00 467World Silver - Curacao 1944 D 1/4 Gulden NICE $6.00 468World Silver - Canada 1888 Ten Cents $8.00 469 World Silver - Canada 1891 Ten Cents $10.00 470 World Silver - Canada 1899 Ten Cents $8.00 471 World Silver - Canada 1902 Ten Cents $6.00 472 World Silver - Canada 1902 H Ten Cents $3.00 474 World Silver - Canada 1908 Ten Cents $4.00 476 World Silver - Canada 1908 Ten Cents $6.00 477 World Silver - Canada 1909 Ten Cents $4.00 478 World Silver - Canada 1909 Ten Cents $4.00 479World Silver - Italy 1887 1 Lira $5.00 480 World Silver - Poland 1840 MW 10 Groszy $2.00 482 World Silver - Canada 1916 Ten Cents $3.00 485World Silver - Norway 1898 50 Ore LOW MINTAGE $6.00 486World Silver - Sweden 1877 25 Ore $6.00 487World Silver - Germany (Empire) 1919 F 1/2 Mark $6.00 489World Silver - Germany (Empire) 1918 F 1/2 Mark $6.00 490 World Silver - Canada 1948 Ten Cents $3.00 491World Silver - Canada 1951 Ten Cents NICE $3.00 492World Silver - Canada 1870 25 Cents $10.00 493 World Silver - Canada 1871 H 25 Cents $10.00 494World Silver - Canada 1872 H 25 Cents $10.00 495World Silver - Germany (Lippe) 1860 A 1 Silver Groschen $10.00 497 World Silver - Canada 1874 H 25 Cents $8.00 498World Silver - Germany (Reuss-Schleiz) 1846 A 1 Silver Groschen (mintage 62k) $6.00 499 World Silver - Canada 1881 H 25 Cents $15.00 500 World Silver - Canada 1948 25 Cents $6.00 651 World Silver - Canada 1954 50 Cents NICE $9.00 652 World Silver - Canada 1903 25 Cents $8.00 653 World Silver - Canada 1904 25 Cents $8.00 654 World Silver - Canada 1905 25 Cents $8.00 655 World Silver - Canada 1905 25 Cents $8.00 656World Silver - Canada 1907 25 Cents $6.00 657 World Silver - Canada 1908 25 Cents $8.00 658 World Silver - Austria - 1868 10 Kreuzer $2.00 659 World Silver - Canada 1912 25 Cents $6.00 660 World Silver - Canada 1916 25 Cents $6.00 661 World Silver - Canada 1916 25 Cents $8.00 662 World Silver - Spain 1892 (92) 50 Centimos $3.00 663 World Silver - Canada 1921 25 Cents $8.00 664 World Silver - Canada 1921 25 Cents $8.00 665World Silver - Norway 1899 25 Ore $8.00 666 World Silver - Canada 1931 25 Cents $6.00 667World Silver - Canada 1931 25 Cents $8.00 669 World Silver - Russia 1879 20 Kopeks $4.00 672World Silver - Germany (Prussia) 1856 A 1 Silver Groschen $3.00 673World Silver - Germany (Empire) 1877 F 50 Pfennig $10.00 675World Silver - Germany (Empire) 1918 D 1/2 Mark NICE $3.00 677 World Silver - Switzerland 1955 1/2 Franc BETTER DATE $4.00 678World Silver - Germany (Empire) 1911 A 1 Mark NICE $6.00 679World Silver - Germany (Prussia) 1870 A 2 1/2 Silver Groschen $4.00 680World Silver - Sweden 1875 ST 50 Ore $10.00 681World Silver - Germany (Hesse-Darmstadt) 1842 6 Kreuzer $6.00 682World Silver - Philippines 1918 S 20 Centavos $5.00 683World Silver - Philippines 1919 S 20 Centavos $6.00 684 World Silver - Saint Thomas & Prince Island (Sao Tome et Principe) 1951 2 1/2 Escudos LOW MINTAGE $25.00 686World Silver - Germany (Wurttemberg) 1833 6 Kreuzer $4.00 687 World Silver - Dominican Republic 1891 1 Franco $10.00 688 World Silver - Straits Settlements 1895 10 Cents NICE $12.00 689 World Silver - Straits Settlements 1910 10 Cents $5.00 690World Silver - Straits Settlements 1919 10 Cents $3.00 691 World Silver - Germany (Empire) 1918 F 1/2 Mark NICE $15.00 692World Silver - Great Britain 1915 Shilling NICE $12.00 693World Silver - Japan 1899 20 Sen $6.00 694 World Silver - Japan 1932 50 Sen $6.00 697 World Silver - Canada 1929 10 Cents $3.00 700 World Silver - Canada 1948 10 Cents $3.00 851 World Silver - Egypt 1916 5 Piastres $6.00 852 World Silver - South Africa 1962 20 Cents $6.00 854 World Silver - Egypt AH1293 (Year 10; 1884) 10 Qirsh $12.00 857 World Silver - Panama 1931 1/10 Balboa $5.00 861 World Silver - Egypt AH1327 (1910-1913) 5 Qirsh $6.00 863 World Silver - Turkey AH1327 (Year 6; 1914) 5 Kurush $6.00 864World Silver - Turkey AH1293 (Year 24; 1898) 2 Kurush $3.00 865 World Silver - Egypt AH1384 (1964) 5 Piastres $3.00 867 World Silver - Syria (United Arab Republic) 1959 50 Qirsh $4.00 869World Silver - Great Britain 1834 Sixpence $8.00 870World Silver - Great Britain 1859 Sixpence $8.00 871World Silver - Great Britain 1866 (53) Sixpence $8.00 874World Silver - Great Britain 1835 1/2 Crown (LOW MINTAGE) $20.00 875World Silver - Australia 1917 M Sixpence $12.00 876 World Silver - Australia 1920 M Sixpence $10.00 877 World Silver - Australia 1912 Shilling $12.00 878 World Silver - Australia 1913 Shilling $12.00 879 World Silver - Australia 1914 Shilling $6.00 880World Silver - Australia 1925/3 Shilling $6.00 882World Silver - Australia 1914 Shilling $6.00 885 World Silver - Morocco AH1380 (1960) 1 Dirham NICE $6.00 886 World Silver - Canada 1902 10 Cents $6.00 887 World Silver - Canada 1908 10 Cents $5.00 891 World Silver - Canada 1949 10 Cents $3.00 892World Silver - Canada 1882 H 25 Cents $20.00 893 World Silver - Canada 1902 H 25 Cents $10.00 894 World Silver - Canada 1903 25 Cents $10.00 895 World Silver - Canada 1909 25 Cents $10.00 896 World Silver - Canada 1912 25 Cents $8.00 899 World Silver - Canada 1948 25 Cents $6.00 World Non-Silver (If it's listed at $1.00, it's .75) ALL BASE METAL SOLD, THANK YOU THANK YOU AND HAVE A WONDERFUL DAY!
The Dow fell 525.05, or 1.92%, to 26,763.13, the Nasdaq lost 330.65, or 3.02%, to 10,632.98, and the S&P 500 declined 78.65, or 2.37%, to 3,236.92. The S&P 500 dropped 2.4% on Wednesday in a broad-based retreat that reflected cash-raising efforts. The Nasdaq Composite fell 3.0%, the Russell 2000 fell 3.0%, and the Dow Jones Industrial Average fell 1.9%. U.S. equity futures were firmer in early trading following an agreement on a continuing resolution to avoid a government shutdown and J&J announcing that it has begun a large phase 3 trial of its COVID-19 vaccine. However, the early gains did not hold and the major averages were all in the red by midday. All 11 S&P 500 sectors closed sharply lower between 1.1% (health care) and 4.6% (energy), and traditional safe-haven assets did not see the usual appreciation in times of equity weakness. An initial weakness in the mega-cap stocks, however, gradually spilled over to the broader market, and the negative price action appeared to reinforce the idea that the market's recent pullback may not yet have run its course. The CBOE Volatility Index increased 6.4% to 28.58, which was a relatively modest gain. Losses steepened in the afternoon without much interest to buy the dip. Shares of AAPL fell 4% while TSLA fell 10% post-Battery Day. On a related note, UBS resumed coverage on Apple with a Neutral rating, versus a prior Buy rating. Data from the Johns Hopkins Whiting School of Engineering shows there are now 31.7M confirmed cases of COVID-19 worldwide, including 6.9M in the U.S., and 972,372 deaths due to the disease, including 201,000 in the U.S. Separately, the House passed a government funding bill through Dec. 11 that the Senate is expected to pass later this week. Notwithstanding this piece of good news, general uncertainty surrounding the election, the coronavirus, and the economy likely increased the cash appeal. In other auto news, California Governor Gavin Newsom announced that he will "aggressively move the state further away from its reliance on climate change-causing fossil fuels while retaining and creating jobs and spurring economic growth," issuing an executive order requiring sales of all new passenger vehicles to be zero-emission by 2035 and additional measures to "eliminate harmful emissions from the transportation sector." Among the notable gainers was WDC, which rose 6.7% after the company announced that it is reorganizing and creating separate business units for its Flash and Hard Drive product businesses. Among the notable losers was JPM, which was lower by 1.6% after Bloomberg reported that the bank is set to pay close to $1B to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities. Additionally, shares of DAL fell 2.2% as Bloomberg said that the airline is in talks with EADSY to delay at least 40 aircraft deliveries planned for this year due to the airline's struggles with a travel market hit by the coronavirus pandemic. Elsewhere, European stocks closed higher Wednesday as investors reacted to key data releases from the euro zone and weighed up the possibility of further stimulus measures for the region. Stocks in Asia-Pacific were mixed on Wednesday.
The U.S. Dollar Index rose 0.4% to 94.32, reaching its best level in nearly four months.
EUUSD: -0.4% to 1.1657
GBP/USD: -0.2% to 1.2712
USD/CNH: +0.7% to 6.8255
USD/JPY: +0.5% to 105.41
U.S. Treasuries ended Wednesday on a modestly lower note, but once again, intraday action was confined to a narrow range. The trading day started with modest losses after overnight action saw a rally in European markets, which reflected a rebound in risk tolerance. However, that rebound was short-lived, resulting in a slide into the European close and more weakness on Wall Street.
2-yr: UNCH at 0.13%
3-yr: +1 bp to 0.15%
5-yr: +1 bp to 0.27%
10-yr: +1 bp to 0.68%
30-yr: +1 bp to 1.43%
Oil rose more than 1% on Wednesday, supported by U.S. government data that showed crude and fuel inventories dropped last week, although concerns about the ongoing coronavirus pandemic capped gains. Spot gold dipped 1.5% to $1,870.11 per ounce, having hit its lowest since Aug. 12 at $1,865.03.
WTI crude: +1.0% to $39.94/bbl
Gold: -2.0% to $1868.90/ozt
Copper: -2.2% to $2.993/lb
Bitcoin fell as investors sold equities, gold and other fiat currencies on renewed coronavirus concerns.
Bitcoin: $10,331.92 (24hr: -1.71%)
Ethereum: $369.66 (24hr: -4.38%)
Ripple: $0.22 (24hr: -2.02%)
FAAMG + some penny stocks +18.5% YTD
Spoos +0.2% YTD
Old man -6.2% YTD
Russy -13% YTD
What Patrick, the Cat says?
The S&P 500 is down 5.3% in September while the Nasdaq Composite is down 6.9%. The market could go either way today (to state the obvious). Summaryscrapedfromtheinterweb.Took0.36seconds.
Many thanks to u/kvramji and u/inertia_2017 whose original Acorns (and subsequently Raiz) guide this is built on top of (with a few FAQs from Raiz themselves). This post was last updated on October 23, 2020, and I'll endeavour to update it periodically. What is Raiz? Raiz is a financial service, helping you to save and invest your money. They enable Australians to start early, invest often, and reach their financial goals. How does Raiz work? Raiz helps you proactively invest. One key feature is round-ups; we round up each of your transactions to the nearest dollar, and invest the change into a diversified portfolio. Simply connect a debit card, or other funding source, then provide us with some basic information. We give you the option of choosing a portfolio that is in line with your investment goals and the amount of risk you’re comfortable taking. Note that Raiz offers other great ways of investing besides round-ups, for more info please see this article. What are the fees? Once an account is opened, there are no fees on $0 balances and after that there is a monthly fee as follows:
An rough idea of monthly fees on a range of balances can be seen below:
Average Monthly Balance
All portfolios (exc. Sapphire)
Any other fees, including any future changes can be found here. Raiz Beginners Guide What’s Dollar Cost Averaging (DCA)? Dollar Cost Averaging is basically spreading your investments in such a way that you can take advantage of the ever fluctuating daily price of stocks. The best example of this concept is given in a simple example here. What do you mean by Portfolio? Raiz uses the money which is put into the app by making you pick a type of profile which is differentiated from one another by the risk involved, as well as a few other characteristics (socially responsible, or an exposure to Bitcoin). The risk factor varies, depending on the portfolio. A breakdown based on portfolio can be found in the table below, including the minimum suggested investment timeframe (MSIT):
Risk Level (Raiz Defined)
Low to Moderate
Moderate to High
3 to 5 years
5 to 7 years
Moderate to High
3 to 5 years
NOTE: Once you decide which portfolio to go by, try to not change between portfolios if you see a loss in the value of the account initially. Stick by it and don’t keep changing portfolio, because you might lose more while changing portfolio because it involves selling and buying stocks at different rates. What portfolio should I pick? Common question. It all depends on the amount of risk you are willing to take. There are also portfolios available if you'd prefer a socially responsible portfolio, or an exposure to Bitcoin. The longer you intend to hold your money in your account, the higher risk you might be willing to take. NOTE: Do NOT panic when you see a down day with a loss against your portfolio. The BEST thing you can think of is DCA. If you have set up recurring investments, you are going to see gains as soon as the stocks go up in price. Which portfolio performs the best? Common question. Raiz releases an annual report that provides a summary of portfolio performance, typically in August. Portfolio performance for the past two years, for all portfolios (excluding Sapphire) can be found here. Something to note: past performance is not a reliable indicator of future performance. Just because a portfolio has done well over the years, it is no guarantee that will continue to be the case, and things such as pandemics, market crashes and the like do happen. Pick a portfolio that suits your needs. What is Raiz Rewards? This is a feature in Raiz which gives you some percentage of the money spent for purchasing with vendors they have tie ups with. The method that you use varies slightly for online and in store purchases. Online Vendors To ensure you can get the rewards, go to your PC to the online retail store and add items to the cart. Make sure you go via the Raiz website (or App) to the vendor either on the PC or mobile. Finalize the payments via the link that Raiz takes you by and finish the purchase. In Store Vendors To ensure you can get the rewards, go to your App, click Rewards -> In-Store. Click the vendor option, and select 'Activate Now'. Then, go shopping in store with that reward partner. Make sure you use a card that is linked to your Raiz account. Payment of Rewards This percentage that is listed in Raiz Rewards can take up to 90 days (typically 30 days for online, 90 days for in store purchases/Raiz Energy) to show up under the Raiz Rewards column in the "History" window in the mobile app. The percentage varies with each vendor. What about dividends? Dividends get paid periodically on the ETF holdings that you have, proportional to the amount of each ETF you own on as of the ex-dividend date. These dividends are invested into your Raiz account, approximately one business day after payment date. Raiz run an annual blog post outlining the dates that dividends are expected to be paid (they vary slightly). That can be found here. What about taxes? Raiz will provide you with tax information at the end of financial year which tells you how to report any earnings from your Raiz account. It comes in the form of a Tax Statement, and is typically available in the third week of July. This can be found in app by going to My Settings -> Support -> View Statements How long do transactions stay in pending? Raiz typically takes up to five business days for taking the money from your account and buying shares and for it to show up as processed. So don’t panic if it takes a few days. It’s a common thing. Well I've read through this and I've got another issue - where can I go for help? The Raiz Support crew are available to help you out with your Raiz issues. I've had personal experiences in the past where I've needed a hand, and they've been really great. You can find more info on how to contact them on the Raiz Support webpage. Or hit them up on Twitter, Facebook, etc.
Should the federal government institute a mandatory buyback of assault weapons? No
Should a business be able to deny service to a customer if the request conflicts with the owner’s religious beliefs? If they are not engaged in interstate commerce, the Federal Government shouldn't hold any power to legislate on the matter. At the state level (and federal if interstate) Yes, so long as they are not discriminating on the basis of race, sex, sexual orientation, transgender, or other uncontrollable factors.
Should the government continue to fund Planned Parenthood? Yes, with oversight to make sure the money is going o where it is supposed to.
Should universities provide “trigger warnings” and “safe spaces” for students? No
Do you support the death penalty? Generally no, with the possible exception of treason during an insurrection or invasion.
Should the government support a separation of church and state by removing references to God on money, federal buildings, and national monuments? No, this is referring to God as a concept.
Should businesses be required to have women on their board of directors? No
Do you support the legalization of same sex marriage? Yes, through a constitutional amendment. At the state level, yes.
Should the military allow women to serve in combat roles? Yes as long as they meet the same physical standards as men and pass the same tests.
Should marital rape be classified and punished as severely as non-marital rape? This should be a state-level issue, but yes.
Should terminally ill patients be allowed to end their lives via assisted suicide? Only if there is no chance of survival.
Should hate speech be protected by the first amendment? It is, and yes.
Should gay couples have the same adoption rights as straight couples? Yes
Should states be allowed to display the Confederate flag on government property? They have the right, but I would prefer my state not.
Should women be allowed to wear a Niqāb, or face veil, to civic ceremonies? I am not fully certain. I am leaning towards yes, as long as another woman has verified her identity.
Should welfare recipients be tested for drugs? Only if they have a criminal history related to drug abuse.
Should employers be required to pay men and women the same salary for the same job? This shouldn't be a federal issue unless it involves interstate commerce. But at the state-level (and federal if interstate), Yes if they work the same positions and for the same hours and conditions.
Should there be fewer or more restrictions on current welfare benefits? More, reform it so it supplements, rather than replaces, an income.
Should the government raise the federal minimum wage? The federal government should not have the power to enact minimum wage laws unless it involves interstate commerce, in which case yes, it should be $15 an hour. Each state should be able to set its own laws on the matter.
Should the government make cuts to public spending in order to reduce the national debt? No.
Should the U.S. increase tariffs on imported products from China? Yes, China should be punished for violations of international law.
Should businesses be required to provide paid leave for full-time employees during the birth of a child or sick family member? At the state-level, yes. At the federal level, yes, if they are involved in interstate commerce.
Should the government increase the tax rate on profits earned from the sale of stocks, bonds, and real estate? Capital gains should be taxed the same as ordinary income.
Should the current estate tax rate be decreased? No, I am satisfied with the current system.
Should the U.S. continue to participate in the North American Free Trade Agreement (NAFTA)? No.
Should the President offer tax breaks to individual companies to keep jobs in the U.S.? No, but put tariffs on all imported goods.
Should the government prevent “mega mergers” of corporations that could potentially control a large percentage of market share within its industry? No.
Do you believe labor unions help or hurt the economy? Help, in theory, but are sometimes harmful.
Should the government break up Amazon, Facebook and Google? No.
Should the government add or increase tariffs on products imported into the country? Yes, all imported goods should be taxed 20%.
Should the U.S. raise or lower the tax rate for corporations? Keep at current rate, but close all loopholes.
Should the government require businesses to pay salaried employees, making up to $46k/year, time-and-a-half for overtime hours? At the state level, yes. At the federal level, only if they are involved in interstate commerce.
Do you support the Trans-Pacific Partnership (TPP)? No.
Would you favor an increased sales tax in order to reduce property taxes? No.
Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts? No.
Should the government subsidize farmers? For now, yes, but once we get out of trade deals, put tariffs on all imports, and tax all interstate sales, subsidies should be ended.
Should the government use economic stimulus to aid the country during times of recession? No, recessions are natural cycles.
Should the Federal Reserve Bank be audited by Congress? Yes, we should know where that money is going.
Should the IRS create a free electronic tax filing system? Yes.
Should an in-state sales tax apply to online purchases of in-state buyers from out-of-state sellers? No, the federal government should not enact an intrastate sales tax.
Should pension payments be increased for retired government workers? Yes, adjust them yearly for inflation.
Should U.S. citizens be allowed to save or invest their money in offshore bank accounts? Yes, as long as all income is reported.
Should the government classify Bitcoin as a legal currency? Yes, but maintain the system of the dollar and cash as a legal currency.
Should the government acquire equity stakes in companies it bails out during a recession? No.
Do you support charter schools? No.
Should the government decriminalize school truancy? No for Elementary school. For middle and high school, no social studies and English, yes for everything else.
Should there be more restrictions on the current process of purchasing a gun? States and the federal government should not be allowed to enact any restrictions on black powder weapons or ammunition for them. For cartridge firearms, the federal government should only have the power to regulate interstate sale of them. At the state level, cartridge firearms should require a license to obtain. The process should involve passing a mental and physical health exam, having a decent criminal record, and passing a written and shooting exam. Handguns and centerfire semi-automatic weapons should have higher standards for licensing and should be registered before being obtained, but automatic CCW to anyone who has a license for a handgun. fully automatic weapons should be illegal to sell, except to collectors, who must meet an even higher standard to obtain.
Should victims of gun violence be allowed to sue firearms dealers and manufacturers? No, this is just dumb.
Should the President of the United States have the power to deploy military troops in order to stop protests? If any state governments are overthrown, yes. Otherwise, only if the Governor of a state requests assistance.
Should teachers be allowed to carry guns at school? Yes if they have a valid license 9see above).
Should it be illegal to burn the American flag? No, but I have no respect for anyone who does.
Should the state government order schools to provide online only classes in order to combat coronavirus? No, let each school decide.
Should there be term limits set for members of Congress? Yes, maximum four terms for the House, and maximum two for the Senate.
Should people on the “no-fly list” be banned from purchasing guns and ammunition? No, this denies one of due process rights.
Are you in favor of decriminalizing drug use? Yes, for most but not all drugs (basically the really bad ones, e.g., meth, heroin, etc;)
Should the NSA (National Security Agency) be allowed to collect basic metadata of citizen’s phone calls such as numbers, timestamps, and call durations? Only with a warrant and probable cause of a crime.
Should the Supreme Court be reformed to include more seats and term limits on judges? No, this is just trying to pack the court, which should not be politicized.
Should the government regulate social media sites, as a means to prevent fake news and misinformation? No, this violates free speech.
Do you support the Patriot Act? Not the clause that allows warrantless searches.
Should the government be allowed to seize private property, with reasonable compensation, for public or civic use? Only for public land and not for privatization, and the owner must be paid for losses in full.
Should college sports be played in the fall of 2020? Yes, but let teams decide.
Should local police increase surveillance and patrol of Muslim neighborhoods? No, this just breeds resentment.
Should the government raise the retirement age for Social Security? No
Should the government pass laws which protect whistleblowers? Yes, so long as national security isn't compromised.
Should the redrawing of Congressional districts be controlled by an independent, non-partisan commission? Yes, gerrymandering breeds corruption.
Should internet service providers be allowed to speed up access to popular websites (that pay higher rates) at the expense of slowing down access to less popular websites (that pay lower rates)? If they are privately owned, yes.
Should the U.S. government grant immunity to Edward Snowden? For his leaks on domestic surveillance, yes. Some other things, maybe not.
Should foreign terrorism suspects be given constitutional rights? Yes.
Do you support the killing of Iranian Major General Qassem Soleimani? Yes.
Should the U.S. continue to support Israel? Yes.
Should the U.S. accept refugees from Syria? Yes, but only after extensive background checks to confirm that they are not a threat and are genuine refugees and not economic migrants.
Should the government increase or decrease military spending? Decrease by streamlining it, and making it more efficient, through eliminating wasteful spending.
Should the military fly drones over foreign countries to gain intelligence and kill suspected terrorists? No, unless said country has approved it, and American citizens should be given fair trials.
Should the military be allowed to use enhanced interrogation techniques, such as waterboarding, to gain information from suspected terrorists? No.
Should every 18 year old citizen be required to provide at least one year of military service? No, but maintain the Selective Service system and allow states to draft people if necessary.
Should Jerusalem be recognized as the capital of Israel? Yes.
Should the U.S. go to war with Iran? No, they should be disarmed through diplomatic channels.
Should the U.S. remain in the United Nations? Yes.
Should the U.S. remain in NATO? Yes.
Should the U.S. defend other NATO countries that maintain low military defense budgets relative to their GDP? Yes, but get them to pay their share.
Should the United States pull all military troops out of Afghanistan? If the Afghan government wants us to, then yes.
Should the U.S. sell military weapons to India in order to counter Chinese and Russian influence? Yes.
Should the U.S. conduct military strikes against North Korea in order to destroy their long-range missile and nuclear weapons capabilities? No, use all diplomatic means first.
Do you support President Obama’s move to lift the trade and travel embargo on Cuba? Yes.
Should it be illegal to join a boycott of Israel? No.
Should the government cancel production of the F-35 fighter? Yes, until the price has been lowered or our deficits have been drastically reduced, and its hardware is drastically improved.
Do you support the Patient Protection and Affordable Care Act (Obamacare)? No.
Should people be required to work in order to receive Medicaid? No.
Should cities open drug “safe havens” where people who are addicted to illegal drugs can use them under the supervision of medical professionals? Yes.
Do you support the legalization of Marijuana? The federal government should not have the power to ban marijuana, except to regulate or ban its interstate sale, which it shouldn't at the state level, legalize.
Should the government regulate the prices of life-saving drugs? No.
Should health insurers be allowed to deny coverage to individuals who have a pre-existing condition? At the federal level, no, if they are operating in interstate commerce. At the state level, no.
Should there be more or less privatization of veterans’ healthcare? Less, improve the current system.
Should the federal government increase funding of health care for low income individuals (Medicaid)? Yes.
Should the federal government be allowed to negotiate drug prices for Medicare? Yes.
Should the government fund the World Health Organization? Yes.
Should the government increase environmental regulations to prevent climate change? No.
Should researchers be allowed to use animals in testing the safety of drugs, vaccines, medical devices, and cosmetics? Yes, but not for cosmetics.
Should the U.S. expand offshore oil drilling? No, but maintain current rigs.
Do you support the use of hydraulic fracking to extract oil and natural gas resources? Allow it to be legal, but don't subsidize.
Should the government stop construction of the Dakota Access pipeline? No.
Should disposable products (such as plastic cups, plates, and cutlery) that contain less than 50% of biodegradable material be banned? No.
Should drilling be allowed in the Alaska Wildlife Refuge? No.
Should cities be allowed to offer private companies economic incentives to relocate? Yes.
Should the government give tax credits and subsidies to the wind power industry? No, no industry should be favored.
Should the government require children to be vaccinated for preventable diseases? No.
Do you support the use of nuclear energy? Yes, lessen restrictions, but no subsidies.
Should producers be required to label genetically engineered foods (GMOs)? Yes.
Should illegal immigrants have access to government-subsidized healthcare? No.
Should immigrants be deported if they commit a serious crime? Yes, after serving their sentence.
Should illegal immigrants be offered in-state tuition rates at public colleges within their residing state? No.
Should the U.S. build a wall along the southern border? No, but make a high tech surveillance barrier instead of a physical wall. This is because a physical wall would be too costly and ineffective.
Should local law enforcement be allowed to detain illegal immigrants for minor crimes and transfer them to federal immigration authorities? Yes.
Should sanctuary cities receive federal funding? No.
Should the U.S. increase restrictions on its current border security policy? Yes.
Should immigrants be required to pass a citizenship test to demonstrate a basic understanding of our country’s language, history, and government? Yes.
Should children of illegal immigrants be granted legal citizenship? Yes, if they were born here.
Should Muslim immigrants be banned from entering the country until the government improves its ability to screen out potential terrorists? No.
Should immigrants be required to learn English? Yes, if they wish to become citizens.
Should there be a temporary ban on all immigration into the United States? No, but increase border security.
Should the US increase or decrease the amount of temporary work visas given to high-skilled immigrant workers? Increase, our economy relies on businesses hiring the highest skilled workers at the lowest cost.
Should working illegal immigrants be given temporary amnesty? No.
Should immigrants to the United States be allowed to hold dual citizenship status? Yes.
Do you support Common Core national standards? Yes, but only for English and social studies.
Should a photo ID be required to vote? No, but gradually update voter rolls and purge voters who are required to be according tot eh Voting Registration act of 1993.
Should foreigners, currently residing in the United States, have the right to vote? No, only citizens should.
Should the minimum voting age be lowered? No.
Should the electoral college be abolished? No.
Should the US have a mail-in ballot process for whole states in local, state, and federal elections? No.
Should foreign lobbyists be allowed to raise money for American elections? No.
Should there be a limit to the amount of money a candidate can receive from a donor? No.
Should corporations, unions, and non-profit organizations be allowed to donate to political parties? No.
Should there be a 5-year ban on White House and Congressional officials from becoming lobbyists after they leave the government? No.
Should political candidates be required to release their recent tax returns to the public? No.
Should funding for local police departments be redirected to social and community based programs? No, increase funding and training for police departments in higher crime rate communities
Should police officers be required to wear body cameras? Yes.
Should convicted criminals have the right to vote? Yes, but only after completing their sentence and probation.
Should drug traffickers receive the death penalty? No.
Should non-violent prisoners be released from jail in order to reduce overcrowding? Yes, but have them do community service.
Do you support mandatory minimum prison sentences for people charged with drug possession? No.
Should the government hire private companies to run prisons? No.
Should prisons ban the use of solitary confinement for juveniles? No, but it is currently being overused
Should the US assassinate suspected terrorists in foreign countries? No, capture, interrogate, and imprison them instead
What is your position on Abortion? Adopt a constitutional amendment overturning Roe v Wade and allow state to enact their own laws. At the state level, abortion should be legal within the first 20 weeks, but afterwards, should be banned except for exceptional cases.
For Trading October 1st Welcome to Q4 Rally Continues Mega & Small Caps Rule the Day Today’s market was very sloppy with the DJIA trading +260 to -120 and closing +36.20 (.13%), buoyed by BA, which at the high of the day had added 70 DP’s and finished nearer its low adding only 16. The biggest gainers for the day were V, a credit card company and WMT, the biggest retailer with 24 and 22 respectively. The real strength came from the NASDAQ, with the mega-caps +159 (1.42%) and the small-cap Russell +23.51 (1.56%). Interesting dichotomy. The S&P was somewhere in the middle +23.51 (.53%) and the Transports were -18.61 (.17%). Market internals 2:1 up on both, and volume was about 40% less than yesterday’s end of quarter numbers. With all the numbers this morning out of the way, tomorrow’s September employment numbers should set the tone. 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!! TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !! Tonight’s closing comment video: https://youtu.be/5Qq05sql0Po SECTORS: There wasn’t a lot of sector news, but we did have some more news on layoffs for airlines, and assorted companies across all industries from All State insurance to GS to Marathon Petroleum. This flies in the face of the government’s employment number and initial claims as well as anything they can point to show how well we are all doing. I’ve given up on thinking that these numbers are real, when I drive around town and see all the closed forever signs popping up on everything from dry cleaners to restaurants to anything that isn’t a franchise of a Dunkin or Panera, that are now empty. I just don’t understand how our “consumer” based economy will function with over 850,000 new initial claims every week and people that are leaving the employment seeking behind. And Starbucks raises their dividend Best Buy reports record sales increases while they’re closing many of its stores. I guess I just don’t get it! New Group: AIR & CRUISE LINES were HIGHER with CCL -.13, RCL +.57, NCLH +.10, AAL +.20, DAL +.37, LUV +.11, UAL +.23, HA -.24, ALK -.03, and XTN $58.43 +.28 (.48%). FOOD SUPPLY CHAIN was HIGHER with TSN -.18, BGS +.08, FLO +.09, CPB +.15, CAG +.39, MDLZ +.55, KHC +.45, CALM +.03, JJSF +1.51, SAFM +1.53, HRL +.39, SJM +.48, PPC +.19, KR +.11, and PBJ $33.05 +.34 (1.04%). BIOPHARMA was HIGHER with BIIB +1.89, ABBV -.19, REGN +8.36, ISRG +.98, GILD +.11, MYL -.03, TEVA +.06, VRTX +1.39, BHC +.32, INCY +2.69, ICPT +.62, LABU +2.14, and IBB $136.67 +1.26 (.93%). CANNABIS: was MIXED with TLRY +.01, CGC -.06, CRON -.01, GWPH -.85, NBEV +.13, CURLF -.10, KERN +.51, and MJ $10.39 -.02 (.19%). DEFENSE was LOWER with LMT -2.28, GD -.65, TXT -.98, NOC -3.68, BWXT +.34, TDY -2.48, RTX -.14, and ITA $159.19 +.49. RETAIL: was HIGHER with M +.16, JWN +.68, KSS +.93, DDS +.44, WMT +2.95, TGT +1.03, TJX +1.35, RL +1.03, UAA +.60, LULU +10.63, TPR +.22, CPRI +.12 and XRT $51.01 +1.35 (2.72%). MEGA-CAPS & FAANG were HIGHER with GOOGL +24.40, AMZN +66.77, AAPL +.99, FB +4.50, NFLX +26.68, NVDA +2.54, TSLA +13.79, BABA -4.33, BIDU -.14, CMG -5.71, CRM +2.68, BA +1.25, CAT -2.74, DIS -.78, and XLK $117.93 +1.23 (1.05%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES. FINANCIALS were MIXED with GS -1.82, JPM +.63, BAC -.02, MS -1.04, C +.20, PNC -.48, AIG +.19, TRV -.38, V +3.28, and XLF $24.11 +.04 (.17%). OIL, $38.72, Oil was near recent highs and sold off hard today touching $37.61 (down about 6%) before a minor rally back to close -1.50. The stocks were LOWER with XLE $29.03 -.92 (3.07%). GOLD $1,916.30 +20.80, 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 $10,645 -125. 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 $10.87 -.10 today. Tomorrow is another day. CAM
For Trading October 1st Welcome to Q3 Rally Continues PLTR Prices @ $7.25 ASAN $21.00 Today’s market was looking pretty ugly on the overnight futures reaction to the debate, but we had a deluge of positive data coming from ADP, Case Schiller, Chicago PMI, another look at Q2 GDP and mortgage applications. We moved from -200 DJIA to +100 in the last 20 minutes leading up to the open and it only got better from there. We had the Treasury Secretary from the Seeking Alpha virtual meeting talking about his conversations with Speaker Pelosi and gave some hopeful words, which added gas to the fire, and we were headed to +550 on the DJIA with the rest of the market following. When the dust settled we finished with the DJIA +329.04 (1.2%), NASDAQ +82.26 (.74%), S&P 500 +27.53 (.83%), the Russell +2.97 (.20%) and the DJ Transports the only one lower at -71.79 (.63%). Market internals were unimpressive although volume was about 30% higher but that was likely the effect of the end of the quarter. There were only 2 DJIA lower (DIS & NKE) while the biggest gainers were AXP, UNH, AMGN, GS, & HD. 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!! TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !! Tonight’s closing comment video: https://youtu.be/e9UkY-d19rw SECTORS: There wasn’t a lot of sector news, but we did have some news from DIS after the close laying off 28,000 employees at the “parks” division with full time, part time, as well as executives. The stock finished today $124.00, better than last night’s reaction but still lower by $1.40 (1.12%). Micron (MU) was sold off even though they beat top and bottom lines but sellers took control and after it traded up to $52.67 on the headline, it spent the day today selling off and closed on the lows at $46.90 -3.81 (7.51%). This is why I always try to NOT trade earnings reports. This is a prime example of being right on the numbers and having it cost you money. Becton Dickenson reported positive results on their “antigen-based test’ and was higher, closing $233.71 +8.28 (3.67%). Moderna (MRNA) was also higher during the day with a high of $75.39 but finished $70.75 +.23 (.33%). PLL who signed a 5-year agreement with TESLA for an element used in batteries that had traded $54.50 and since closing $37 +26 has had a couple of weaker days finishing the day today $23.69 -1.69 (6.66%) but still well up from $11.00. New Group: AIR & CRUISE LINES were HIGHER with CCL +.27, RCL +.50, NCLH +.80, AAL +.16, DAL +.12, UAL +.59, HA +.15, ALK -.04 and XTN $58.15 -.18 (.32%). FOOD SUPPLY CHAIN was HIGHER with TSN +.51, BGS -.04, FLO +.23, CPB +.35, CAG +.17, MDLZ +.96, KHC +.34, CALM -.22, JJSF +1.04, SAFM -.03, HRL +.38, SJM +2.51, PPC +.17, KR +.19, and PBJ $32.72 +.22 (.68%). BIOPHARMA was HIGHER with BIIB +1.33, ABBV +1.28, REGN -12.51, ISRG +19.45, GILD +1.45, MYL +.26, TEVA +.16, VRTX +1.81, BHC +.77, INCY +2.31, ICPT +.01, LABU -.23, and IBB $135.41 +.80 (.59%). CANNABIS: was MIXED with TLRY +.11, CGC -.15, CRON -.01, GWPH -.47, NBEV +.01, CURLF +.16, KERN -.04, and MJ $10.36 -.07 (.67%). DEFENSE was LOWER with LMT -4.98, GD -.12, TXT -.68, NOC -7.90, BWXT -.96, TDY -1.73, RTX +.16, and ITA $159.79 -.07. RETAIL: was HIGHER with M +.07, JWN +.29, KSS +.15, DDS +3.01, WMT WMT +3.13, TGT +1.05, TJX +1.49, RL +.63, UAA +.15, LULU +7.71, TPR -.07, CPRI +.33 and XRT $49.66 +.35 (.71%). MEGA-CAPS & FAANG were HIGHER with GOOGL -.07, AMZN +17.12, AAPL +2.08, FB +1.01, NFLX +7.31, NVDA +14.12, TSLA +12.03, BABA +18.07, BIDU +5.39, CMG -11.28, CRM +4.35, BA +5.70, CAT +2.09, DIS -.91, and XLK $117.07 +1.34 (1.16%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES. FINANCIALS were HIGHER with interest rates with GS +4.18, JPM +.87, BAC +.36, MS +1.18, C +.72, PNC +3.88, AIG +.29, TRV +.56, V +.96, and XLF $24.09 +.34 (1.42%). OIL, $40.22 +.93, Oil was in a fairly tight range all day. After the oil sold off yesterday it had an “inside day” today, so no real hint to which way it is going out of this consolidation. The stocks were MIXED with XLE $30.03 -.01 (.03%). GOLD $1,895.50 – 7.70, opened HIGHER and made a slightly higher high and a higher low, closing mid-range but down on the day. There were several “unusual options action” looking for another 10-12% on the upside before year end. We sold the balance of the 3X silver ETF calls at $2.10. BITCOIN: closed $10,770 -45. 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 $11.01 -.02 today. Tomorrow is another day. CAM
Gulden [NLG] - Constant development - In wallet Staking/Mining/Dex
Official Website / Official Slack About Gulden: How to setup a Witness (Staking) Gulden was founded in April 2014 based on the Litecoin codebase. In 2015 the Litecoin codebase is abandoned and Gulden switched to the Bitcoin codebase. After years of development it can be said that Gulden now has its own codebase. Gulden started with a 10% premine that was spent entirely on development. The current developments are now paid by part of the mining reward. The direction of the developments are determined by the Gulden advisory board (GAB). The GAB consists of 9 members and is elected each year from the members of the community. Anyone can stand for election. Voting for candidates is recorded and done through the Gulden blockchain. Gulden would like to become a generally accepted means of payment. To this end, the development is aimed at making the wallets as user-friendly as possible. What makes Gulden unique: - PoW2 - Proof of work + Witness/Staking - SegSig (Segregated Signature) - SIGMA (Semi Iterated Global Memory Argon) - Linking (Control your mobile wallet from your desktop wallet) - Wallet accounts - Unity (Unified codebase) - Delta (Difficulty Algorithm) - Sonic (Fast Sync) Features of Gulden explained: PoW2: Gulden does not use a standard PoW consensus model, but the in-house developed PoW2 model. This is a combination of PoW and Witness. Miners control the transactions and the Witness controls the miners. In order to get the same chance of success for a double spend as for the single transaction approval systems it is therefore necessary not to control >50% of the mining power or >50% of the number of coins in witness accounts but to own more than 71% of both systems. (0.71 * 0.71 = 0.5 so 50% chance). Because many Gulden owners have their Gulden fixed in witness, it is difficult to get a 71% majority in witness. There are now more than 100 million Gulden in witness. In order to get a 71% majority, an attacker has to secure an additional 220 million Gulden in witness. Apart from the fact that this is almost impossible, the price of the Gulden would go up sky high if so much Gulden had to be bought by the attacker. And because the attacker has to lock the Gulden, it looks like a bank robber who is going to rob his own bank. So such an attack is theoretically possible, but not possible in reality. Anyone can become a witness: by locking an amount of Gulden in a Witness account in the desktop wallet for a certain amount of time. Depending on the weighting of the witness account (chosen duration and amount in the account) the witness earns rewards. The advantage of this system is that the Gulden blockchain can withstand 51% attacks without relying heavily on energy-guzzling PoW miners or vulnerable standard PoS systems. Transactions can be safely accepted after one confirmation instead of the standard 3-6 confirmations.
SIGMA: Since October 17, 2019, the Gulden team has implemented the Sigma algorithm and since then it is possible to mine Gulden solo without additional equipment. The algorithm is asic resistant and can be done on a normal desktop computer using it’s CPU. One can simply use this CPU mining algorithm by creating a mining account in the desktop wallet and start mining Gulden. SegSig - Segregated Signature - Detailed article still to be published but was implemented with PoW2. Advantages of Segregated Signature: 1. 58% space saving on all transactions. More then twice the bitcoin SegWit implementation. 2. 58% increased transaction throughput. No block size or frequency changes needed. 3. Overhaul to the transaction script system which allowed us to implement PoW² and SegSig as clean as possible along with other benefits. Please take your time and read the technicals on this coin as its truly phenomenal and seriously under valorised and recognised. Barely any effort has been made to market its potential but you can judge yourself. Read the PoW2 Whitepaper or the short version PoW2 simply explained The Official Website and Official Slack chatroom.
For Trading September 17th NASDAQ SELLOFF SNOWFLAKE SURPRISE FED DAY LETDOWN Today’s market started off with another rally and at the highs we were +369 on the DJIA, but as Chairman Powell was talking at his press conference we started to fade and we had a downdraft to +130, and in the last 15 minutes we had another one taking us to just above unchanged to finish within pennies of the low +36.78 (.13%). NASDAQ was -139.85 (1.25%), S&P 500 -15.71 (.46%), the Russell +14.17 (.92%) and the DJ Transports +78.18 (.68%) and made a new all-time high at 11,690.82. Market internals were generally healthy with NYSE 1.6:1 and NASDAQ just slightly lower at 1.5:1, with a 20% increase in volume. The DJIA was split 15:15 with only HD, HD, and AAPL 25DP losers and BA +26, the only gainer of $26 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 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!! TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !! Tonight’s closing comment video: https://youtu.be/rEftfx47Vdc SECTORS: We started off the day with Retail sales +.6%, a slight disappointment, although the retail sector was mixed to higher. UAA was a big winner on the back of a new line of women’s basketball shoes and finished the day $12.29 +.63 (5.4%). FDX and ADBE went in separate directions even though they both blew away their earnings numbers. FDX helped drive the Transports to a new high today and finished $250.30 +13.63 (5.8%). ADBE went the other way after the stock moved up to $522 +25 in post market trading but when it opened this morning it could only make it to $505.50 and then fell to 478 by 11:00 and worked its way down to close $476, literally only pennies off the low and -21.67 (4.33%), and almost 50 off the extended hours high. Facebook has some problems with the FTC and that weighed on the stock and today several celebrities calling for a 1-day boycott of the social media site. Whatever it was, the stock closed near its low for the day at $263.52 -8.90 (3.3%). GE gave guidance for cash-flow positive during this 2nd half and the market liked it, sending it up 10.7% at $6.75 +.65. There were two IPOs today for cloud-based software. FROG was priced at $4 and the stock opened $71, traded up to $77 before a bit of a selloff to finish $64.33, or 46% over its pricing. SNOWFLAKE grabbed all the attention being offered at $120 after raising the price several times and then opening $240, moving up to 319 before selling off to close $253.93 133.9% above its offering. FOOD SUPPLY CHAIN was LOWER with TSN -.04, BGS +,71. FLO +.14, CPB -.09, CAG -.07, MDLZ -.12, KHC -.41, CALM +1.24, JJSF -.12, SAFM -.12, HRL -.36, SJM -2.40, PPC -.04, KR -.58, and PBJ $32.87 -.26 (.78%). BIOPHARMA was MIXED with BIIB -2.06, ABBV -.82, REGN _10.75, ISRG -24.18, GILD -.65, MYL +.13, TEVA +.13, VRTX +.70, BHC +.64, INCY -1.49, ICPT +.73, LABU+3.74, and IBB $136.70 +.63 (.46%). CANNABIS: was HIGHER with TLRY +.42, CGC +.28, CRON +.04, GWPH -1.23, ACB -.05, NBEV +.03, CURLF +.31, KERN +.18, and MJ $11.43 +.07 (.62%). DEFENSE: was HIGHER with LMT +3.06, GD +1.64, TXT +/.54, NOC +5.48, BWXT +.55, TDY +2.25, RTX +1.81, and ITA $167.67 +3.01 (1.83%). RETAIL: was MIXED with M +.13, JWN +.36, KSS +.89, DDS -.21, WMT -.48, TGT -.60, TJX +.50, RL +.65, UAA +.63, LULU -4.49, TPR +1.64, CPRI +1.04, XRT M$51.05 +.24 (.47%). FAANG & MEGA-CAP were LOWER with GOOGL -23.03, AMZN -70.13, AAPL -2.74, FB -8.02, NFLX -10.69, NVDA -15.82, TSLA -5.02, BABA +1.26, BIDU +.63, CRM +.68, CMG -2.92, BA +4.02, CAT +2.63, DIS +1.16, and XLK $114.67 -1.80 (1.55%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES. FINANCIALS were HIGHER with GS +3.19, JPM +.53, BAC +.33, MS +.73, C +1.34, PNC +2.35, AIG +1.16, TRV +1.02, AXP -.68, V -.19, and XLF $24.99 +.28 (1.13%). OIL, $40.16 +1.88, Oil was higher all day. I am looking for about another $1.00 or so before I would consider selling it for a correction. The stocks were higher with XLE $33.94 +1.31 (4.01%). GOLD $1,970.50 +4.30, opened higher but gave up most of the gains and while it did close up on the day, it was near the lows. I did a short update video Wed: 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 @ $2.35. BITCOIN: closed $11,015 + 200. 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 $12.07 +.12 today. Tomorrow is another day. CAM
For Trading September 15th Nikola Under the Microscope TIK TOK & ORCL Today’s market started off with a rally and then just kept on going. There were several interesting stories, but no doubt that today was an up day with solid internals, including 5:1 up volume on the NYSE. The DJIA +327.69 (1.18%), NASDAQ +203.11 (1.87%), S&P 500 +42.57 (1.27%) and the biggest gainer, the Russell +39.70 (2.85%) and the DJ Transports +98.20(.87%). A/D on NYSE was 4:1 while NASDAQ was 3.6:1 and volume was moderate. DJIA was 5:1 up with no double-digit losers and the winners were UNH +47, BA +34, HD & V +28DPs. Nothing overwhelming, just a broad-based rally. 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!! TUESDAY’S RADIO SHOW: https://youtu.be/DK2hmC0GXFk With my guest: Dennis Marlow! Tonight’s closing comment video: https://youtu.be/rTuJflYygcI SECTORS: We started off the day with the news that TIK TOK rejected the MSFT deal and was going to become “partners” with ORCL. It’s still somewhat up in the air as to what that actually means, but ORCL rallied on the news, closing $59.46 +2.46 (4.3%) after trading as high as $61.50. Stay tuned and I’m sure they will figure it out! Also in the news was the purchase of IMMU by GILD. While the deal gives GILD more of a portfolio of cancer therapies, the question of price paid and when they would actually make a meaningful contribution took a little off the celebration. IMMU was an $8.00 stock as recently as April and had already moved up to $42, and it closed today $83.65 +41.41 (98%). GILD is paying $88.00 or just 11 times the April price. DKNG and CZR were part of a new alliance with ESPN (DIS) as their official “Daily Fantasy Gaming” partners. DKNG finished $48.62 +7.16 (17%), and CZR was $55.39 +5.28 (10.5%). Lennar (LEN) had blow-out earnings but the stock, up from the March low of $25 to close $79 managed a small rally to $80.50 before reversing and closing $75.85 -1.63. NKLA has had some awfully bad press lately but it rallied today. After falling from $54.56 last Tuesday to close out the week $32.13 -3.42 it was trading$35.79 +3.66 before the headline that the SEC was looking into the allegations made by both Hindenburg Capital and Citron, that they had misled investors in their promotional offerings. The stock fell to $31.50 and finished $32.88 + .75. More news to come. And last, NVDA is buying ARM Holdings from Softbank and both stocks rallied. NVDA finished the day $514.89 +28.31 (5.8%) and SFTBY closed $29.69 +2.19 (8%). FOOD SUPPLY CHAIN was HIGHER with TSN +1.53, BGS +.83, FLO -.14, CPB +.32, CAG +.12, MDLZ +.36, KHC +.16, CALM +.26, JJSF +1.25, SAFM +4.08, HRL +.39, SJM +.15, PPC +.53, KR -1.52, and PBJ $33.31 +.09 (.25%). BIOPHARMA was HIGHER with BIIB +8.38, ABBV +1.04, REGN +19.45, ISRG +13.80, GILD +1.70, MYL +.44, TEVA +.37, VRTX +6.84, BHC +.60, INCY +5.15, ICPT +2.44, LABU +9.43. and IBB $135.55 +7.76 (6.07%). CANNABIS: was HIGHER with TLRY +.05, CGC +.26, CRON +.19, GWPH +9.99, ACB +.26, NBEV +.04, CURLF -.26, KERN -.08, and MJ $11.48 +.23 (2.04%). DEFENSE: was HIGHER with LMT +5.35, GD +2.63, TXT +.91, NOC -.45, BWXT +.94, TDY +8.53, RTX +1.50, and ITA $165.85 +2.85 (1.75%). RETAIL: was HIGHER with M +.17, JWN +.61, KSS +1.92, DDS +1.26, WMT +.45, TGT +1.35, TJX +1.35, RL +4.43, UAA +.65, LULU +.71, TPR +1.37, CPRI +1.23, and XRT $50.94 +1.17 (2.35%). FAANG & MEGA-CAP were HIGHER with GOOGL -3.38, AMZN -7.22, AAPL +3.94, FB +.73, NFLX -.03, NVDA +31.72, TSLA +50.73, BABA +2.85, BIDU +1.26, CRM +3.20, BA +4.98, CMG -23.83, CAT -.58, DIS -1.80, and XLK $115.33 +2.37 (2.1%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES. FINANCIALS were HIGHER with GS +.98, JPM +1.73, BAC +.31, MS +.90, C -2.62, PNC +2.38, AOG +.90, TRV +1.06, AXP +3.93, V +4.32, and XLF $25.05 +.34 (1.38%). OIL, $37.26 -.07, Oil was quiet and drifted all day. I am looking for about another $1.00 or so before I would consider buying it for a bounce. The stocks were mixed with XLE $32.87 +.25 (.77%). GOLD $1,963.70 + 15.80sold off early but didn’t break below the $1910 area I am using as support. It turned back and rallied and closed right near the highs. I did a short update video Wed: 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 @ $2.42. BITCOIN: closed $10,705 +365. 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 $11.85 +.62 today. Tomorrow is another day. CAM
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
$MOGO Aug. 11 Earnings Catalyst - Expected to Beat Q2
$MOGO - Mogo Finance Technology - www.mogo.ca A Canadian, digital based finance company, is a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances. Partnered with Canada's largest news media company for its marketing campaign, driven to introduce Millennials and Gen-Zed to adopt digital financial independence in a changing, cashless world. What does Mogo provides its consumers? +Spending/Bank Account (MogoSpend/MogoMoney) +Free credit score monitoring and financial reporting +Fraud protection +No fee Bitcoin trading* +Small loans, car loans, mortgages, etc. Stock Trending: Pre-COVID Jan. 7, 2020: $3.00 USD dropped to as low as $.55 a share52-week high: $3.88 Today's low $2.04 as of Aug. 5, 2020 52-week low: $0.55 Aug 5, 2020 volume: 2,169,755 30-day average volume: 1,544,400 Financials:This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%. (\Note strong despite COVID-19)* Revenues are expected to be $7.68 million, down 37.3% from the year-ago quarter. (\Note COVID-19)* Mogo is expecting to report on its Q2 earnings on August 11, 2020:
Revenue of $10.3 million to $10.5 million;
Adjusted EBITDA of $4.5 million to $5.0 million; and
Positive operating cash flow net of investing activities of $6.5 million to $7.0 million
Company is expected to BEAT earnings. Financial reports:https://investors.mogo.ca/ News: Mogo Announces Preliminary Second Quarter 2020 Financial Results: Business Wire Article Selling Mogo Stock Would Be a Big No-No: Article 7.29.20 Mogo should rally big time, Mackie Research says: Article 3.30.20 Price Targets: C$4.00 Mackie Research ($3.01 USD) Post-COVID C$4.00 Canaccord Genuity ($3.01 USD) Post-COVID ($7.00 USD) Pre-COVID Environmentally Conscious: Mogo has partnered with Vancouver-based Offsetters, a company that specializes in helping companies go green including managing offsetting projects. The current project supported by Mogo is a certified REDD+ initiative focused on protecting the Amazon Rainforest, one of the largest absorbers of CO2 on the planet today, from deforestation.
For Trading JULY 23rd EARNINGS GALORE! MSFT & CMG BEAT, STOCKS LOWER TSLA is Eligible for S&P-500 Today’s market got off to a mixed start with DJIA & S&P-500 up slightly and the NASDAQ down. It didn’t take long for the DJIA to move higher dragging the S&P with it but it took most of the day to get the NASDAQ to go up and stay there. At the close the DJIA was +165.44 (.62%), S&P-500 +18.72 (.57%) and the NAZ +25.77 (.24%), the Russell +2.63 (.18%) and the DJ Transports -13. Volume was light and the A/D were 1.5:1 up on the NYSE and 6:5 Down on the NASDAQ. Real estate, Utilities and materials were the strongest and energy and financials the weaker. On the DJIA we were 23:7 higher but without much action and the biggest winner was MCD +39, and GS -42DP’s each. Tomorrow MSFT will probably take 50 DP’s off the averages based on the extended hours trading after the earnings report. 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 titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s highly informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!! Tonight’s closing comment video https://youtu.be/GwDLF8SI16k SECTORS: Earnings were the feature this week and last night TXN reported and had been up a few, but after the conference call it fell and finished today $132.53 -2.97. SNAP beat top and bottom lines but gave poor guidance for next quarters growth of Daily Active Users (DAU’s) and the stock finished $23.20 -1.54 (6.2%). This afternoon’s numbers were better, but MSFT, which beat, disappointed the market by not “blowing away” the numbers after its recent rise and after a brief move up to just over $212, fell back to $204.51 and the last is $207.30 -4.55. The same was true for CMG, which has doubled since the March lows also beat but after a move to $1193 it too fell back, to 1140 before working its way back to $1167.50 -17.06. Whirlpool (WHR) went the other way with a beat of both earnings and revenues and after finishing the day $146.89 +3.13 ran all the way to 162 before falling back to $152.50 +5.61 for a gain on the day of almost $9.00. And TESLA (TSLA) beat on all metrics and after closing $1592 +24, moved to $1716 before it came back in and finished the day $1657 +$65. The numbers were impressive, especially the cash on hand and the 4th Quarter of earnings, but the most impressive point is that it now qualifies for the S&P 500 index with an 8% weighting. FOOD SUPPLY CHAIN was LOWER with TSN -.29, BGS -.19, FLO -.29, CPB -50, CAG +.17, MDLZ +.51, KHC +.37, CALM -.07, JJSF +.53, SAFM -4.93, HRL _.,03, SJM +1.03, PPC -.08, KR +.37, and PBJ $33.01+.15 (.44%). BIOPHARMA was HIGHER with BIIB +1.52, ABBV -1.11, REGN +14.15, ISRG +16.80, GILD +.51, MYL -.30, TEVA +.27, VRTX +7.47, BHC -.20, INCY +5.58, ICPT -.58, LABU +2.73, and IBB $145.78 +1.82 (1.26%). CANNABIS: was LOWER with TLRY -.10, CGC -.33, CRON -.06, GWPH -2.96, ACB -.42, NBEV -.32, CURLF -.22, KERN -.29, and MJ $13.22 -.18 (1.34%). DEFENSE: was HIGHER with LMT +17.93, GD +5.10, TXT +.34, NOC +7.31, BWXT +1.19, TDY +4.45, RTX +.69, and ITA $167.22 +2.25 (1.36%). RETAIL: was LOWER with M -.40, JWN -.49, KSS -.86, DDS -1.43, WMT +.17, TGT +2.70, TJX -.07, RL -.16, UAA -.06, LULU +1.33, TPR -.03, CPRI +.07, and XRT $46.85 +.71 (1.54%). FAANG and Big Cap: were MIXED with GOOGL +7.88, AMZN -55.19, AAPL +.30, FB -2.60, NFLX -1.30, NVDA +3.86, TSLA +88.64, BABA -6.20, BIDU -2.72, CMG +6.90, CAT +1.13, MSFT -1.74, BA +.58, DIS +.13, and XLK $108.93 +.47 (.43%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES. FINANCIALS were LOWER with GS -6.05, JPM -.90, BAC -.15, MS -1.38, C -.13, PNC -1.07, AIG -.07, TRV +3.04, AXP +.21, V +2.34, and XLF $24.31 unchanged. OIL, $40.90 -.02. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, that it is a toss-up for a move in either direction. The stocks were MIXED with XLE $37.79 -.47 (1.23%). GOLD $1,865.10 +21.20. It was a continuation rally and a new recovery high of $1,871. I have only the NEM August 65 / 70 spread on in the Gold market. The spread was put on at $1.30 and finished the day @ $1.83. BITCOIN: closed $9,425 +30. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.10 +.23 today. Tomorrow is another day. CAM
For Trading April 1st A Normal Day? Late Selloff No Real Features Today was as close to a normal day as any I’ve seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today’s pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week’s range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week’s range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution). The volume continues to shrink daily, with the absence of the normal “end of quarter” rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that’s a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you’re right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it’s not what I expect, it just withers away. 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 800 members. SECTORS: Other names in the news: Since it’s late, I’m going right to two of my favorite topics: Today’s Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%) On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%). But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35. BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%), CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%). DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%). RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%). FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%). FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%). OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%). METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point. BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. 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 $7.12 +.07 today. Tomorrow is another day. CAM
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