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August 16, 2018

NAIRA TEMPORARILY GAINING MOMENTUM AGAINST THE EURO

On the 26th of April 2018, naira was exchanged at N444 to €1. And within the day, naira improved and gained with the exchange of N403 to €1. There was stability in the currency market between the naira and the euro until the end of 2016 when the recession began. Before the recession, naira was exchange at N310 to €1. During the recession, the naira lost so much and was at around N450 to €1.

Recently, millions of dollars was pumped into the Nigeria forex exchanage market by the economic team headed by the Vice President. Prof. Yemi Osinbajo with the main aim of stabilizing the naira against major counter currencies like the USD and the EUR.

Naira has gained momentum in the last four weeks and there are high tendencies to gain more.

July 21, 2018July 20, 2018

Disney Has Lit Up #BlackTwitter

#BlackTwitter is the collective of influential tweeps who have given us memes upon memes, social justice movements across the world, and influenced global culture in profound ways through the power of the Internet. So when the release of Black Panther by Disney Studios was announced back in 2014, #BlackTwitter became aflame with excitement and anticipation of the next Ryan Coogler masterpiece. In fact, #BlackPantherSoLit became a trending hashtag for over 2 years before the movie finally opened in 2018 as the production progress strategically leaked to the world.

Then A Wrinkle In Time was announced. And #BlackTwitter blew up with excited anticipation yet again! So I started to pay attention to the market. With #BlackTwitter so hype, I got interested in the stock.

While #BlackPatherSoLit became the top trending topic on social media, the $DIS stock bottomed at $90 and soared to a high in 2017 just above $116. Don’t tell me #BlackTwitter isn’t powerful! Then $DIS took a beating as price crashed at the beginning of the year. In early February, I left an early release screening of Black Panther with a new love for cinematography, set design and costume design in film. Not to mention the acting is good too. Black Panther is just a damn good movie. The box office has born that out with over $1 Billion in ticket sales and it is still 2018. And Disney won a new fan in me that day. I watched Avengers Infinity Wars beforehand so I would have proper context for Black Panther. And that was great too. I don’t think sequels are not out of the question here.

The chart above is from over 12 months ago. Here is the $DIS chart in April 2018 when the saw the movie.

And here is how $DIS closed the trading week on Friday.

With a weekly close above $110, $DIS has not been at these levels since the new year and I believe it is not done rallying higher. And Disney is not done releasing hit movies. But it’s not that I like $DIS because the of the hit movies. Long term, I like Disney’s audacious move to launch its own streaming service. Given its vast archive of content and the hit films that are released just this year in 2018, it’s looking more and more like those dips in the stock price have developed into real opportunity.

July 20, 2018

ON THE AIR with F.A.C.E.

I was back on F.A.C.E. early this month on July 5th to chat about the summer trends in the major GBP currency pairs. Since I didn’t post the video here on the blog at that time, I thought it would be an interesting and fun exercise to backtest some of the forecasts I made with Dale at that time.

I spoke about the current downtrend in the $GBPUSD which needed to move higher and close above 1.3350 to reverse the sentiment. Well, we got to 1.3350 last week but sellers came in swift to push the $GBPUSD to new 2018 lows at 1.2956.

At the top of the month, the $EURGBP, after being stuck in a tight range, had just broke above the key 0.8850 resistance level. I spoke about the potential for the $EURGBP to establish a new range between 0.8800 and 0.8950 depending on the market reaction to Brexit news and non-farm payrolls. This week, the $EURGBP reached 0.8950.

The $GBPJPY and the $GBPNZD moved exactly as expected off their failed lows and highs, respectively. The $GBPJPY did break above the major 148 resistance level to new highs last week. The $GBPNZD did break lower too but it moved 300 pips lower I than expected.

So all in all, not bad. Three out of 4 calls is actually quite excellent in this business.

There are ebbs and flows to every market. Trade what you see. Learn how. Or simply invest with a pro. [sponsored]

June 26, 2018June 26, 2018

ON THE AIR with FUTURES with Ben Lichtenstein

Yesterday, June 25th, was my 3rd time on this show. And it was my 1ST time feeling comfortable in front of the camera. A huge THANK YOU to Ben, Alex and the folks at TD Ameritrade Network. They kept asking me back, ha! That was a good sign after my initial appearance (which still makes me cringe lol). Thanks for giving me chance after chance.

My discussion with Ben focused on this week’s fundamental outlook. However, investors should watch these themes, not just for this week, but for this entire summer. Our investors spent the spring getting in position to take advantage of the summer opportunities brought about by active central banks, trade wars and risk aversion. Investors must always stay position to take advantage of developments as they come in markets. I talk to Ben about a few of them. Click the screenshot of my segment below to listen to the show.

There are ebbs and flows to every market. Trade what you see. Learn how. Invest with a pro. [sponsored]

June 25, 2018June 26, 2018

ON THE AIR with Limit Up!

I had the immense pleasure of speaking with Eddie Horn of TopstepTrader. Eddie is host of a weekly podcast, “Limit Up!” where he talks with traders about their process and paths to success in trading markets. It has been several years since I spoke about my humble beginnings as an investor and forex trader and I really enjoyed the questions Eddie posed. The older I get, I realize my 10+ years in this business has been a roller coaster ride that many other people can, in fact, learn from.

My episode dropped Friday just after the market close. I love how the interview was put together. Eddie (and Mark Meadows, the show producer) make me look good here! I hope you enjoy it!

There are ebbs and flows to every market. Trade what you see. Learn how. Invest with a pro. [sponsored]

April 27, 2018April 27, 2018

ON THE AIR with F.A.C.E.

This week, Wednesday, I had the pleasure to be back on the air with Dale Pinkert of Forex Analytix Community Experience. If you didn’t catch it live, you missed the opportunities I pointed out in the $GBPAUD and $GBPJPY.

Weakness has seized the GBP this morning after the recent UK GDP miss on top of the weakness in retail sales and inflation. There is no way the Bank of England raises rates in May or June. And that shift in sentiment now threatens to completely undo the recent GBP rally. See my thoughts ahead of this selloff.

There are ebbs and flows to every market. Trade what you see. Learn how. Invest with a pro. [sponsored]

March 22, 2018

ON THE AIR with PreMarket Prep Show

Last month, I had the opportunity to speak with Benzinga about its inaugural Women’s Wealth Forum. While we focus on my unique journey growing in this business, it was my first time speaking live with Jason Raznick, founder of Benzinga. I first met Jason back in 2009/10 at the MoneyShow Conference in New York. We would later bumped into each a few times at Stocktoberfest and other events. It’s been cool to see one another grow in our lanes and put in the work to grow your presence and passion into a successful career. Thanks guys for the chat!

March 22, 2018March 22, 2018

ON THE AIR with F.A.C.E.

Early this week, I was back on the air with Dale Pinkert. In front of hundreds of live traders in the audience, I walked through my rationale for guppy, a bullish cable, a bearish euro and a continued dumping of the Canadian dollar:

There are ebbs and flows to every market. Trade what you see. Invest with a pro. [sponsored]

March 20, 2018October 31, 2018

Will FB kill $FB

The stock was up over $150 last week and that’s if you caught it when it made all-time highs above $30. Of course, we all know that $FB fell much lower just before making what has become the first in a series of all-time highs. That drop in $FB took it below its IPO price. In the good old days of 2013, Facebook gave FB bulls the green light as it proved that it could, and will, monetize its mobile native app. And with that, $FB exploded. It’s been an incredible run since those 2013 highs. If you are like me, you grew up in social media on Twitter. Though I resisted, once I got on Facebook, I got it. And I get it. I spend such an inordinate amount of time on Facebook that I do not allow its notifications to light up my phone. Or send me email, even though those always seem to leak through. So $FB has made a lot of people a lot of money.

This rally has been so great because Facebook has been very good for $FB. And we took some profits in 2017 as a result. But this news about Cambridge Analytica is something a little more sinister. While $FB doesn’t give a fuck about you, we still do hold Facebook to a much higher standard of civility and responsibility. Because I use Facebook. A great deal. We all do. I don’t mind them have my data as long as they keep it safe. Make some money for your efforts, sure, but don’t sell your soul. That’s what this trump-russia-facebook triangle feels like. But maybe Facebook had no idea they were selling data to foreign spies. But if it comes out that they did, the markets may not take that news so lightly and $FB can sell off.

My client told me that we may not know if prices fall until the release of the next financial report. But the price action told us far sooner that that. This was the chart yesterday (Monday close).

$FB has opened today below $168. The Fibs are coming up next. To be sure, markets will let Facebook know that it has a responsibility to be responsible. Which, of course, is very subjective. There are ebbs and flows to every market. Trade what you see.

Or learn with me. And invest with a pro. [sponsored]

March 13, 2018

Equities Get Healthy

The stock market finally took a hit. The S&P 500 ($SPX) was down as low as 32% from the recent highs this year. A dip that finally really mattered still found buyers and equities attempted to move higher last week. However, 2 weeks ago it the first time that a buying frenzy after a big dip did not result in a new high (a price higher than the previous high price). This is a technical signal that may foretell a move much lower can occur for the U.S. stock market ($SPX).

SP500 daily chart

Now before you starting getting hysterical about lower stock prices, your long-term perspective becomes so critical when assessing whether current price action should actually prompt a response in your portfolio. If you positioned in this blue area, then this recent dip probably doesn’t bother you. However, if you have new money to put to work, it is important to pay attention to where equities make their next move.

As the Federal Reserve welcomes a new chairman and the markets grapple with possible trade wars and a ballooning fiscal deficit, make a plan for what to do with a $SPX chart at much lower levels. Many fund managers and traders alike, myself included, have been waiting patiently for equities to get healthy again. But trying to catch a bottom in a correction this deep will feel scary. However, at the right levels, swing traders will be right back in these markets again. The buyers will return. Be healthy, and smart, enough to see the opportunities.

There are ebbs and flows to every market. Trade what you see. Invest with a pro. [sponsored]