Topics for the Indianapolis DNOWS group:
Bob Shenberger - Markets Trends
Ken Yamasaki - BPI and RSI
Tom Madine - IBD Watch List
George Crawford - Market Musing and BWB Case Study
1. Low Volatility: VIX < 13
US Markets finally break out to the upside after being range bound for 7 weeks. However, Dollar is still rising and 10 Year Treasuries Interest Rates are above 3%. Enjoy the upside but be prepared to take profits or tighten stops.
2. Crypto Coins vs US Dollar
Bitcoin is range bound between $8000-$10,000. Checkout Tomas Lee’s presentation on the Economics of Cryptocurrencies. Good insight on the disruptive nature of this space and the demographics surrounding the rapidly expanding use of these coins and blockchains. This is a trader’s environment, where you can buy or sell a small positions and take profits quickly. Are you mining cryptos in private wallets yet? US Dollar is still rallying up in anticipation of 4 more Fed Rate Hikes. Upside target is $95.
https://www.coinbase.com/charts?locale=en-US
3. US 10 Year Treasuries:
Is 3.1% the new line in the sand, where they will buy US Treasuries to keep rates lower? The yield curve is flattening and could go inverted. In the past, this has been an early sign for recession and market drop. Perhaps this time will be different…...
4. Cherry Picks Newsletters:
Tasty Trade Researchers publish an awesome weekly newsletter every Tuesday. Check out the link below. If this blog sounds like gibberish, watch "Where do I start 101" free education series on Tastytrade.com
https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/18_05_22_tastytrade_Research.pdf?mc_cid=6cb97fa536&mc_eid=e9e24bad07
5. TRADE Log: VIX < 14, Low Volatility
- Long GOLD, BITCOIN
- Jade Lizards, Broken Wing Butterfly, Dynamic Iron Condors
- Debit and Diagonals Spread
6. Vision
Theotrade: Indices Present an Excellent Trade Setup
Doc Severson’s Cypto Websites:
https://readysetcrypto.com/
Thomas Lee Presents The Economics of Cryptocurrencies | Upfront Summit 2018
