FaithMight - Page 33 of 78 - Market commentary and analysis insights. Brought to by FM Capital Group.

June 5, 2019January 22, 2020

Microsoft Share Price Reaches New Resistance Level

Microsoft share price was able to attain an all time high in April 2019. The rise made $MSFT price reach a new resistance level at 130.24. The previous all time high was in October 2018 at a resistance level of 115.63. The price of $MFST has refused to cross over to the lower region of the Bollinger bands for over a decade. With the recent highs reached, price might cross to the lower region of the bands depending on the activities of the sellers.

The trendlines have been broken this week. This might be a likely change of trend where the bulls might reduce activities for the bears to take over. The future of Ichimoku has refused to show a downtrend despite a break down from the trendlines occurring now. $MSFT investors over the years have reaped a bountiful harvest in their investments. At several instances, the RSI has shown price of $MSFT to be overbought. The downward breakout might make price of $MSFT to reach 101.58 as the current market price stands at 124.76.

June 5, 2019January 22, 2020

S&P 500 Might Continue The Dip

Some of the American stocks that had a strong bullish takeover are beginning to reverse in direction. This reversal might affect the $SPX. The $SPX price reached 2945 being our last analysis on $SPX in March shows it will reach 2946(https://faithmightfx.com/2019/03/13/sp-500-approaching-resistance/). That analysis was almost accurate. 2945 being the new resistance level of $SPX became the recent all time high price.

A breakdown has occurred from the trendlines which shows a reversal has started. Price of $SPX is currently at 2765.5. The candlesticks have crossed to the lower region of the Bollinger band indicating the strength of the bears in the market. Ichimoku is yet to show a reversal of the uptrend. This time when price reached an all time high, RSI did not show us overbought positions. Also, the penultimate time $SPX reached an all time high in 2018, RSI never showed us overbought positions before a reversal. Though, this week, $SPX has shown the bulls might be trying to takeover. This might be a deceptive bullish move. Price might reach 2547 depending on the activities of the bears.

May 31, 2019January 22, 2020

Aussie About To Appreciate Against The US Dollar

From mid-April, the USD has been gaining against the AUD. The $AUDUSD bearish turn made price reach 0.68636, the lowest since the early days of trading in 2019. Before the bearish turn, the volatility of the $AUDUSD pair had been low, causing price to be in a range. Price is currently in consolidation after the downtrend, providing trading chances for the bulls.

The downward movement has made RSI reach an oversold position. The Ichimoku cloud still shows a bearish future. $AUDUSD might be gaining momentum for a bullish takeover after price broke out from the trendlines last week. As the $AUDUSD bulls are beginning to get into the market, efforts could make price return to the resistance level of 0.71769 from its current 0.69212. As we expect a major bullish trend, a reversal might occur after price touches the resistance level.

May 31, 2019January 22, 2020

Euro Rallying Against The Swiss Franc

EUR/CHF has been on a downtrend since mid-April. Price of EURCHF moved from 1.14522 to 1.12599. The resistance level has been maintained around 1.14217 since August 2018. Despite the recent downtrend, price has not exceeded 1.1320 for the past one week. From mid April to mid May, price of $EURCHF was in a range before the downturn began.

A breakout has occurred from the trendlines which might make the price of $EURCHF to go north. As we expect price to reach the resistance level at 1.14217, price of $EURCHF has since maintained the lower region of the Bollinger bands around 1.12793. RSI on the daily chart has shown an overbought position but has not been able to show an oversold position despite the downtrend. A likely reversal might have occurred since a breakout occurred today and an additional indication of Ichimoku showing a bullish future. Price could reverse to the resistanece level of 1.14217 from its current 1.12793 as the bulls take charge of the $EURCHF market.

May 24, 2019December 29, 2019

ON THE AIR with Futures with Ben Lichenstien

I ended the trading week this Friday morning on the TD Ameritrade Network talking as one of the guests on the Futures with Ben Lichenstein show. In light of the surprise resignation announcement of UK Prime Minister Theresa May hours before I went on, it isn’t any wonder that Ben and I discussed the Brexit, the implications of another prime minister resignation brought on by the Brexit, and what effects all of this will have on the forex markets.

We also talked about the rise of risk aversion in the markets and what that will mean for the U.S. dollar and Japanese yen as safe haven currencies. But the one safe haven that I did not mention this morning is the Swiss franc. Luckily, Dayo already wrote an analysis yesterday looking at the current trend in the $EURCHF. So read that and watch my interview below for an understanding of the new fundamental landscape in the forex markets heading into the summer trading months.

Lydia on TDA Network — Click the image to watch

May 23, 2019January 22, 2020

Euro Rallying Against The Swiss Franc

May 23, 2019May 23, 2019

The Mindset for Venture Capital

Early stage VC is a marathon, not a sprint. That is true in everything, from the hold periods, to the work you do with a portfolio company, to the patience you must show towards a sector you think will be important. It is hard to sustain the enthusiasm sometimes, but if you have conviction about something, you have to stay the course.
AVC

Venture capital investing requires this mindset. Fred Wilson sums it up so perfectly with this quote. Individual investors like our clients only have access to venture investing in the very early stages of a company. That means the company may have a few thousand users. That means the company is very likely not making any money yet, let alone any profits. But what the company does have is a very good product that fills a need in market. The company has a strong team in place with the skills to build and sell the product. So an investment at this stage will require the patience, endurance and confidence to work with that company to fuel its growth through the ups and downs, the highs and lows.

The other side of this quote is this: DO. THE. WORK. Too many investors throw money at an investment and then ignore it. It is very easy to do as an angel investor. But, sadly, this is the biggest reason for shrinking portfolios. If you don’t know what your portfolio looks like, you can’t know how well it is performing. Venture investing almost requires that you do work as investors. Read company updates. Offer advice and connections for the executive leadership in your portfolio companies. Put yourself in position to invest again in the follow-on rounds that are inevitably coming. We believe that even investors have to know how a diversified portfolio works in this asset class as they do in any other. Venture capital investing can be as active or as passive as you make it. Just do the work.

As such, venture investing is not for every investor. But with education and capital, it is the smartest asset class for investing in the 21st century.

May 9, 2019January 22, 2020

Verizon Now On A Downtrend

Each time price of Verizon attempts to reach the resistance level of 61.10, price of $VZ retraces. This happened twice in the past 8 months, majorly in November and March. When the price of $VZ closed the 2018 trading year, price showed a trace of reversal. The price of $VZ closed at 56.28 on the 31st of December 2018, after a bounce occurred from the support level. As price remains in the cloud of the Ichimoku, a breakout downward from the cloud could lead to a continuous downtrend.

$VZ has already shown an overbought position on the RSI chart. The current support level stands at 53.07. The price of $VZ may fall further after price has already crossed to the lower region of the Bollinger band. Ichimoku already shows a future of a downtrend which might increase in the next few weeks. Price is yet to reach the oversold position on the RSI chart. Since the trendlines have been broken to the downside, price may continue to go downwards to reach 51.08 from its current 56.91.

May 3, 2019January 22, 2020

Walmart Has Lost Its Uptrend Grip

A resistance level of 103.95 was reached on the 25th of April 2019. For the most part of 2019, the Walmart bulls have been in charge of the market . A gap down occurred on the 26th of April, after which a temporary correction occurred. There was a very low volatility in the price movement of $WMT from mid February to the end of March. The share price of Walmart is beginning to drop after a bounce downward occurred at the resistance level.

A breakout from the trendlines occurred to the downside which also complements other indications that the price of $WMT has begun a downtrend. RSI has been able to show an overbought position on the chart. The future of Ichimoku shows the $WMT bulls are still in charge of the market. Also, price maintains the upper part of the Bollinger band, which is yet to cross lower. The bears are gradually taking charge of the market.

May 3, 2019January 22, 2020

Google Recently Had A Huge Gap Down

Our last analysis on Google shows the share price was going to rise. . Price was able to go beyond the expected resistance level of 1123.23. The bullish movement from last year was able to reach 1288.30 on the 29th of April 2019. At the last trading day of April, a gap down occurred which confirmed the beginning of a downtrend. RSI at two different occasions between March and April had shown overbought positions.

Ichimoku is yet to show a reversal, but shows the $GOOG bulls are still in charge. The gap down which occurred made price of $GOOG on the Bollinger band to cross to the lower region of the chart which is presently in the Ichimoku cloud. The share price of $GOOG is currently at 1168.89. Now that price has crossed to the lower region of the Bollinger bands, this could make price to continue to fall more to 1106.41. $GOOG lost about 100points after the gap down. As we await price to continue the downward trend, it might still lose 150points more.