QASP: Quasar Aerospace Industries, Inc. Analysis

On Wednesday we day traded QASP  “QASP- Picked QASP due to it’s strong support at 18. All week QASP has been testing support at 18 and it HELD every single time!” That was the technical perspective of QASP ( Buy at the price where the ticker tests strong support levels. Now we have a fundamental analysis on the long term perspective of QASP.

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Japan Nikkei Closing Up +0.7% EZ and US Closed Today For Holiday

Nikkei closing at 14,516 up +0.7%

JPY down slightly across the board today

USD Index flat so far today

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Market Recap for 4/17

Today was not the best day for me. I lost $1,010 on my Google 570 April $19 Calls which we will speak more about later. As for the US markets they were a mixed bag because the Dow dropped a few points as the S&P while NASDAQ both made positive strides. The DOW dropped a measly 16 points finishing at 16,408.54, the S&P gained 3 points closing at 1,864.85 and the NASDAQ index gained 9 points finishing at 4,095.52. It was great to see the market rebound as we were seeing a steady regression in prior weeks. Also, as a heads up April 18 is Good Friday therefore the market will be closed tomorrow! For those of you that celebrate the holidays, I hope you have a wonderful Easter!

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PLUG, CMG, SINA – Analysis

Daily Analysis

 by Cortes Analysis

*Markets are closed tomorrow, Friday 4/18*

Here are three great stocks that I analyzed! PLUG showing a big strong move bound to happen while CMG is headed south. SINA is also showing a positive outcome soon. These three stocks have been getting a lot of views lately! Make sure to read my analysis and definitely keep these in your watch list for next week!

Click Here to view my full analysis on these three stocks.

Instagram: @CortesAnalysis

Twitter: @CortesAnalysis

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GBP/USD gravestone doji possible top

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Possible topping candle on GBP/USD around 1.68, with US and EZ banks closed today there should be little movement across the forex space.

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Next week’s event risk peaks on Wednesday (US and EZ mfg, AUD CPI, RBNZ rate, BoE minutes, etc)

Taken from johnkicklighter

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USD/JPY long making progress US equities ramping

We are about an hour and a half from the US close and US equities are doing pretty well today, SPX500 +0.35%, NASDAQ +0.56% and DOW +0.12%. Tomorrow is bank holiday for the US and Euro zone but Tokyo will be open. The 10Yr is also up +3.19% which makes sense because the USD is up across the board, mostly vs AUD and JPY.

The USD/JPY long we entered is making progress and currently up about 60 pips, we continue to hold GBP/USD short which is about flat currently. We profited about 70 pips from the NZD/USD short and have now flipped long with a small size.

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NZD/USD finding trendline support, may rise on rate hike

The New Zealand dollar is finding support at the downtrend line that goes back to 2011. Next week the RBNZ is expected to hike rates from 2.75% to 3%, which means NZD may gain some strength as a result and could be why we are not making a lot of progress to the downside. We have entered long with a small size.

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Japan Nikkei Closing Flat Euro Futures Up

Nikkei closing at 14,417 down -0.15%

JPY up across the board slightly

European stock futures noticeably higher

FTSE futures +0.65%
DAX futures +1.48%
CAC40 futures +1.58%

US Stock futures flat

SPX500 futures -0.12%
DOW futures -0.18%
NASDAQ futures -0.10%

 

 

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GMCR, SNDK, CELG – Analysis

Daily Analysis

by Cortes Analysis

Interesting to see that most of my chart analysis are coming out to be bearish. Will the saying, “sell in may, and go away” be true this year? Only thing we can do is be informed and ready for when this happens to take advantage of shorting the market! Check out my analysis on GMCR, SNDK, and CELG. Great stocks with interesting charts. Remember, tomorrow is the last day of trading for this week. Good Friday on Friday. Good luck!

Click Here to view my analysis

Instagram: @CortesAnalysis

Twitter: @CortesAnalysis

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Stock Picks for 4/17

What a day for the markets! The DOW gained 162 points finishing at 16,424.85. 17,000 here we come! The S&P gained 19 points finishing at 1862.31. NASDAQ gained 52 points and closed the day 4086.22. If you guys did not already know, we purchased 570 April 19 Google Calls which will not work out to well. Our losses will not be as steep as we expected as GOOGLE’s sell off was very brief. Google finished after hours at 539 which is only a loss of 3%.

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USD Index Update Midday Asia April 17th 2014

The US Dollar is currently at or near lows for the day halfway through the Asian session. The USD looks like a pretty good long at current prices vs JPY and AUD. The USD Index is currently trading around 10,428 above long term 0.50 fib resistance at 10,375. The release of jobless claims tomorrow will have some affect on the USD, there is an expected uptick of 315K vs 300K prior.

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USD Falling In US Session, Mixed FED and Equity Ramp

The US Dollar has fallen today erasing some gains that were added during the Asian and Euro trading sessions. The USD fell mostly against AUD and NZD after China data showed that the Chinese economy is continuing to grow at a fairly steady rate. US stocks rallied today for the third day in a row but that rally may be slowing, US indices gaining about +1% but fell after the close to about +0.5%.  The fed beige book showed that most sectors of the economy are improving but that some policy members feel that the fed is not doing enough to help the economy. This may led to some speculation that the fed may slow it’s rate of tapering. Also the fact that the Bank of England is expected to be one of the next major banks to implement rate hikes is leading to GBP speculation and strength. GBP/USD double top still seems to be a possibility until recent highs are broken.

We continue to hold long USD trades for now vs GBP,NZD and JPY and expect to see the USD recover some of today’s late losses tomorrow.

 

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Japan Nikkei Closing Up 3.01% Euro Stock Futures Up (Risk on mood)

European stock futures noticeably higher

FTSE futures +0.91%
DAX futures +1.12%
CAC40 futures +1.23%

US Stock futures up

SPX500 futures +0.43%
DOW futures +0.41%
NASDAQ futures +0.49%

 

 

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The Effect of Marijuana-based Website Launches on UTRM and HEMP

With the delayed release of the United Treatment Centers, Inc. (UTRM) website, potnetwork420.com, and the “official” release of a shoddy www.hemp-x.com by a Hemp, Inc. (HEMP) subsidiary; the reliability of the marijuana sector is beginning to fade.

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NZD/USD targeting 0.85, NZD rate decision next week

The New Zealand dollar has fallen as expected.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is following through. Whether or not this pair follows through more and breaks below 0.236 fib support around 0.85 will likely have to wait until next Wednesday when the RBNZ is expected to hike rates.

Next week the RBNZ is expected to hike rates from 2.75% to 3%, which means NZD may gain some strength as a result. We may exit the short prior to this rate decision and re-enter short at a later date.

For now we continue to hold short and are targeting 0.85.

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Stock Picks for 4/15!

We have a guest tonight as Wallstreetsavages will be presenting a #savage penny pick to you guys! But first lets start with the market in general ! For the second consecutive day the DOW,S&P, NASDAQ all finished higher than the previous days. The DOW gained 77 points clsing at 16,250.81. The S&P gained 9.74 points closing at 1840.35. NASDAQ gained 12.12 points closing at 4,034.81.

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AMZN, KO, INTC – Analysis

Daily Analysis

by Cortes Analysis

I decided to do my analysis on KO and INTC since they just announced earnings. INTC showing a bullish sign while KO showing a bearish sign. AMZN showing a high probability bullish sign – for this reason, I will buy calls for earnings.

Click Here to view my full analysis on these stocks

Instagram: @CortesAnalysis

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Heads up NZD CPI in about 30 minutes 22:45 GMT

NZD CPI YoY expected at 1.7% prior 1.6%

NZD CPI MoM expected at 0.5% prior 0.1%

FOMC official speaking about an hour later may give insight about outlook after data earlier today, may have small affect NZD/USD.

NZD/USD trading around 0.865 prior to release we are holding short.

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