Friday 9Nov2018 2:30PM EDT Update:
S&P ESZ Futures wicked to low 2764 and now oscillating 2772-73 right on the top of the Strong 200DMA (Daily Moving Average) at 2771. A critical support level if it holds at market close will likely run a retest to ATH 2947 before continuing the C wave down through 2600 to 2450 and beyond. If not ... back up the Truck on SPY PUTS for continuation of B to C wave impulsing Down.
https://www.tradingview.com/chart/sDibJOi8/
FXI Testing bottom of 200WMA in prep for its B Wave continuation
https://www.tradingview.com/chart/PZHm2u6Z/
GE Crashed today another 10% today from 9.54 to 8.15 per share yet my low ball 0.02 cents Call order has not closed even though Bid was 3 cents Ask 2 cents and last one cent - I suspect institutions vacuumed up all the 1 cent offers on the GE Jan 18 '19 $14 Call... screw it at this point I will change my bid for 1 cent open for 60 days saving 50% - Changed my Call limit order to 50 Calls (GE Jan 18 '19 $14 Call) at 1 cent for a total cost of $80.00 bux. A total gamble on the next Q4 focused beginning of a turn around of GE by new CEO Culp.
DateOrder #TypeOrder SummaryBidAskLast
PriceStatusRelated Links
Order
TypeQuantity
(Exec / Entered)SymbolPrice
TypeTermPrice
11/08/18493Option
Buy Open
10
GE Jan 18 '19 $14 Call
LimitGT 600.020.02
0.03
0.01
Open
Good Old Bitcoin...
https://www.tradingview.com/chart/GnKUWlri/
Been trading in a $6200 to $6600 range respecting the strong TA support levels but no TA sign of the long-rumored Winter BTC Bull Run to new All-Time-Highs $20K+ not to mention John McAfee's $1 Million per BTC prediction or he will eat his junk. Good news is that BTC actually behaving like a reliable store of value more convenient than gold and much more valuable now than the USD since the days of 10,000 BTC to buy one ($60M) pizza. POC is 6453 below 200 Day Moving Average 7013 and current price 6337 below the POC so Bears slightly favored at the moment likely reflecting a cautionary Dow/NASDAQ/S&P pull back after the huge Red Firewall Rally after election day.
Very interesting Weiss Crypto Perspective in their most recent newsletter to sell their premium service:
4 “Buy” Rated Cryptocurrencies; 5 Questions about Weiss Crypto Ratings
By Martin D. Weiss, PhD and Juan M. Villaverde on October 31, 2018
Weiss Ratings has the latest data on more than 3,000 cryptocurrencies and tokens.
Among them, we issue grades on 111 (plus many more on deck).
But only four currently merit a rating that’s equivalent to a “Buy” (“B-” or better).
We’ll name those four in just a moment. But first let us address some of the most frequently asked questions about our ratings:
Question #1
How do you rate cryptocurrencies?
We have developed four separate computer models, each designed with a unique purpose:
1. Our technology model focuses on the blockchain technology to evaluate its potential for performance: What kind of speeds could it run at? How would it scale? How advanced is its governance? How does it deal with energy consumption? Can smart contracts be used on the ledger? How flexibly can it be upgraded? What other unique features does it have?
Mobile phone technology provides a good metaphor — like comparing specs on speed (e.g., 4G vs. 5G), screen resolution, battery life, and so on.
2. Our adoption model measures performance in the real world. What are the actual transaction speeds and costs? How decentralized is the network? How big is the developer community? How popular is the project? Are people using it? And much more.
3. Our investment risk model evaluates volatility and downside price risk. Essentially, it seeks to answer the question: “How much money can I lose?” And …
4. Our investment reward model deals with the upside potential — “How much money can I make?”
Combining the results of all four models, we arrive at a final grade, from “A” to “E.”
Any grade of “B-” or better is the equivalent of a “Buy.”
“D+” or lower is “sell.”
And “C” implies no action — “hold” if you already own it; “avoid” if you don’t.
(For more about our cryptocurrency ratings, go here.)
Question #2
Why don’t you rate all cryptocurrencies?
The overwhelming majority of what many people call “cryptocurrencies” are really nothing of the kind. They’re strictly utility tokens, typically issued by a startup company or project for very limited purposes.
In some respects, utility tokens are similar to Chuck E. Cheese coins or American Airlines AAdvantage points. Beyond exchanging them for goods or services with the merchant who issued them, there’s not much more you can do with them.
And as investments, they suck! They give you no participation in the company’s success. They’re likely to go down in value as the company becomes more efficient, seeks to get its product out to a broader audience and cuts its prices. Worse, they offer none of the rights that you’d expect as a shareholder.
With the cards stacked so heavily against investors, we are not ready to rate them at this time. In most cases, even awarding them low grades might be too generous.
Meanwhile, among the hundreds of distributed ledger projects (true cryptocurrencies) that exist, many have not yet seen the light of day. They’re like wannabe moths and butterflies sitting in a cocoon. Virtually no one owns or uses them. And that means there’s very little adoption data for us to measure.
Result: We will look at them more closely in the future. But right now, we cover strictly DLT protocols that have a minimal level of adoption.
(Related post: “3 Reasons Most ICOs Have Bombed.”)
Question #3
Why is Bitcoin still just a “C+”?
Poor risk/reward metrics. Outdated technology, including slow transaction speeds, difficulty in scaling, weak governance, and more.
Much of this could improve as the Lightning Network rolls out, but that could take a lot more time.
(For the full story, see “Why Bitcoin Is Still a C+.”)
Question #4
Why don’t any cryptocurrencies get a Weiss Rating of ‘A’?
There are two reasons it’s difficult for cryptocurrencies to achieve an “A” in the current environment:
First, because the entire asset class is still very risky for investors …
And second, because it’s currently transitioning from legacy coins like Bitcoin to next-gen coins like EOS.
Here’s the dilemma …
• Yes, our model recognizes that Bitcoin has “excellent” adoption, but its technology is far behind coins like EOS.
• And yes, the model says EOS has “excellent” technology, but it needs more time to catch up with Bitcoin’s adoption.
In our ratings model, to get an “A,” coins like Bitcoins and EOS would need both excellent technology and excellent adoption. Right now, each has one factor licked, but not the other.
Question #5
What are the coins that currently get a ‘B-‘ or better (“Buy”)?
Answer: XRP, Stellar, EOS and Cardano.
These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.
XRP and Stellar are appealing to businesses and other organizations, mainly for speedy financial transfers. In contrast, EOS and Cardano are designed more as virtual communities, with each participant empowered to influence the future direction of the project, spanning a broad range of applications.
As we’ve explained from the outset, these four have technology that’s built for excellence and fully capable of achieving their specific goals. And, at the same time, they’re enjoying rapidly improving adoption metrics, especially during the past 10 months.
Think about that. They’ve made remarkable progress during a period of massive investor losses, broad reputational damage to the industry, and worse.
So imagine what their market performance could be like once the crypto markets firm up and investor interest returns in a big way!
Best,
Martin and Juan
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.
S&P ESZ Futures wicked to low 2764 and now oscillating 2772-73 right on the top of the Strong 200DMA (Daily Moving Average) at 2771. A critical support level if it holds at market close will likely run a retest to ATH 2947 before continuing the C wave down through 2600 to 2450 and beyond. If not ... back up the Truck on SPY PUTS for continuation of B to C wave impulsing Down.
https://www.tradingview.com/chart/sDibJOi8/
FXI Testing bottom of 200WMA in prep for its B Wave continuation
https://www.tradingview.com/chart/PZHm2u6Z/
GE Crashed today another 10% today from 9.54 to 8.15 per share yet my low ball 0.02 cents Call order has not closed even though Bid was 3 cents Ask 2 cents and last one cent - I suspect institutions vacuumed up all the 1 cent offers on the GE Jan 18 '19 $14 Call... screw it at this point I will change my bid for 1 cent open for 60 days saving 50% - Changed my Call limit order to 50 Calls (GE Jan 18 '19 $14 Call) at 1 cent for a total cost of $80.00 bux. A total gamble on the next Q4 focused beginning of a turn around of GE by new CEO Culp.
DateOrder #TypeOrder SummaryBidAskLast
PriceStatusRelated Links
Order
TypeQuantity
(Exec / Entered)SymbolPrice
TypeTermPrice
11/08/18493Option
Buy Open
10
GE Jan 18 '19 $14 Call
LimitGT 600.020.02
0.03
0.01
Open
Good Old Bitcoin...
https://www.tradingview.com/chart/GnKUWlri/
Been trading in a $6200 to $6600 range respecting the strong TA support levels but no TA sign of the long-rumored Winter BTC Bull Run to new All-Time-Highs $20K+ not to mention John McAfee's $1 Million per BTC prediction or he will eat his junk. Good news is that BTC actually behaving like a reliable store of value more convenient than gold and much more valuable now than the USD since the days of 10,000 BTC to buy one ($60M) pizza. POC is 6453 below 200 Day Moving Average 7013 and current price 6337 below the POC so Bears slightly favored at the moment likely reflecting a cautionary Dow/NASDAQ/S&P pull back after the huge Red Firewall Rally after election day.
Very interesting Weiss Crypto Perspective in their most recent newsletter to sell their premium service:
4 “Buy” Rated Cryptocurrencies; 5 Questions about Weiss Crypto Ratings
By Martin D. Weiss, PhD and Juan M. Villaverde on October 31, 2018
Weiss Ratings has the latest data on more than 3,000 cryptocurrencies and tokens.
Among them, we issue grades on 111 (plus many more on deck).
But only four currently merit a rating that’s equivalent to a “Buy” (“B-” or better).
We’ll name those four in just a moment. But first let us address some of the most frequently asked questions about our ratings:
Question #1
How do you rate cryptocurrencies?
We have developed four separate computer models, each designed with a unique purpose:
1. Our technology model focuses on the blockchain technology to evaluate its potential for performance: What kind of speeds could it run at? How would it scale? How advanced is its governance? How does it deal with energy consumption? Can smart contracts be used on the ledger? How flexibly can it be upgraded? What other unique features does it have?
Mobile phone technology provides a good metaphor — like comparing specs on speed (e.g., 4G vs. 5G), screen resolution, battery life, and so on.
2. Our adoption model measures performance in the real world. What are the actual transaction speeds and costs? How decentralized is the network? How big is the developer community? How popular is the project? Are people using it? And much more.
3. Our investment risk model evaluates volatility and downside price risk. Essentially, it seeks to answer the question: “How much money can I lose?” And …
4. Our investment reward model deals with the upside potential — “How much money can I make?”
Combining the results of all four models, we arrive at a final grade, from “A” to “E.”
Any grade of “B-” or better is the equivalent of a “Buy.”
“D+” or lower is “sell.”
And “C” implies no action — “hold” if you already own it; “avoid” if you don’t.
(For more about our cryptocurrency ratings, go here.)
Question #2
Why don’t you rate all cryptocurrencies?
The overwhelming majority of what many people call “cryptocurrencies” are really nothing of the kind. They’re strictly utility tokens, typically issued by a startup company or project for very limited purposes.
In some respects, utility tokens are similar to Chuck E. Cheese coins or American Airlines AAdvantage points. Beyond exchanging them for goods or services with the merchant who issued them, there’s not much more you can do with them.
And as investments, they suck! They give you no participation in the company’s success. They’re likely to go down in value as the company becomes more efficient, seeks to get its product out to a broader audience and cuts its prices. Worse, they offer none of the rights that you’d expect as a shareholder.
With the cards stacked so heavily against investors, we are not ready to rate them at this time. In most cases, even awarding them low grades might be too generous.
Meanwhile, among the hundreds of distributed ledger projects (true cryptocurrencies) that exist, many have not yet seen the light of day. They’re like wannabe moths and butterflies sitting in a cocoon. Virtually no one owns or uses them. And that means there’s very little adoption data for us to measure.
Result: We will look at them more closely in the future. But right now, we cover strictly DLT protocols that have a minimal level of adoption.
(Related post: “3 Reasons Most ICOs Have Bombed.”)
Question #3
Why is Bitcoin still just a “C+”?
Poor risk/reward metrics. Outdated technology, including slow transaction speeds, difficulty in scaling, weak governance, and more.
Much of this could improve as the Lightning Network rolls out, but that could take a lot more time.
(For the full story, see “Why Bitcoin Is Still a C+.”)
Question #4
Why don’t any cryptocurrencies get a Weiss Rating of ‘A’?
There are two reasons it’s difficult for cryptocurrencies to achieve an “A” in the current environment:
First, because the entire asset class is still very risky for investors …
And second, because it’s currently transitioning from legacy coins like Bitcoin to next-gen coins like EOS.
Here’s the dilemma …
• Yes, our model recognizes that Bitcoin has “excellent” adoption, but its technology is far behind coins like EOS.
• And yes, the model says EOS has “excellent” technology, but it needs more time to catch up with Bitcoin’s adoption.
In our ratings model, to get an “A,” coins like Bitcoins and EOS would need both excellent technology and excellent adoption. Right now, each has one factor licked, but not the other.
Question #5
What are the coins that currently get a ‘B-‘ or better (“Buy”)?
Answer: XRP, Stellar, EOS and Cardano.
These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.
XRP and Stellar are appealing to businesses and other organizations, mainly for speedy financial transfers. In contrast, EOS and Cardano are designed more as virtual communities, with each participant empowered to influence the future direction of the project, spanning a broad range of applications.
As we’ve explained from the outset, these four have technology that’s built for excellence and fully capable of achieving their specific goals. And, at the same time, they’re enjoying rapidly improving adoption metrics, especially during the past 10 months.
Think about that. They’ve made remarkable progress during a period of massive investor losses, broad reputational damage to the industry, and worse.
So imagine what their market performance could be like once the crypto markets firm up and investor interest returns in a big way!
Best,
Martin and Juan
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.