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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BREAKING NEWS! YAHOO EARNINGS

Breaking News out of Yahoo (YHOO). YHOO posted first-quarter earnings, excluding items, of 38 cents per share on $1.09 billion in revenue.

To read CNBC’s report on YHOO earnings click here.

We are currently holding 196 shares of YHOO Along with 2 April 19 34$ call options. Pictures below. We are also happy to announce that we took a 133% profit on our JNJ ER plays. I will not be selling my position on YHOO tomorrow morning as I believe it has a realistic shot at hitting $45 given time

IMG_6517

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USD/JPY A buy as long as this holds…

The Japanese Yen is expected to weaken further vs the USD. RSI is unable to push lower and RSI is continuing higher on an upward trend, a breakout has occurred but follow through seems limited for now. Until the USDJPY can break below the longer term trend line dating back to the beginning of 2013 it makes no sense to fight this trend when we are so close to the trend line and still above it.

In the longer term USD should continue to rise against the JPY due to the fact that Japan may need to add more QE to strengthen their economy and the US is removing QE from their stimulus program.

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Heads up GBP CPI in about an hour 8:30 GMT

UK CPI expected at 1.6% prior 1.7%

GBP/USD falling below 1.67 prior to release.

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USD Technical Analysis April 15th 2014

The US Dollar has bounced so far at the start of Tuesday trading. The USD is expected to further recover from last weeks losses it is currently trading around 10,445. The USD is finding support above the long term 0.50 fib level around 10,375. The USD should continue to bounce later into the session today. There are some CPI data releases that will have some impact on USD pairs today. Most notably GBP CPI data at 8:30 GMT and US CPI at 12:30 GMT. UK CPI is expected to come in slightly weaker than previous at 1.6% vs 1.7% prior. US CPI is expected to come in strong than previous at 1.4% vs 1.1% prior. And finally NZD CPI at 22:45 GMT expected to come in at 1.7% vs 1.6% prior.

The goal for central banks is to reach a stable CPI level around 2% so if data is weaker than expected we could potentially have some dovish commentary out of  FOMC, BOE or RBNZ officials tomorrow or later in the week.

We are currently long the USD vs NZD, JPY and GBP. It would be a good strategy to buy USD dips as the the long term outlook for the USD remains strong through 2014 with the Fed to continue tapering and the economy recovering at a faster pace than European and Asian economies.

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Stock Picks for 4/15

Good evening folks! Today was a good day for the market! The DOW gained 146.49 points and finished at 16,173.24. The S&P closed at 1830.61 ( up 14.92 points). Nasdaw gained 22.96 points as it closed out at 4,022.69. Continue reading

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TSLA, EW, GOGO, JNJ, YHOO – Analysis

Daily Analysis

by Cortes Analysis

Make sure to check out my analysis on these 5 stocks! Very nice patterns and high probability set-ups! Hereitfirst is playing JNJ and YHOO call options for their earning announcements tomorrow. I’m playing YHOO put options for their earning announcement. Who will win? This shall be interesting to see! Anyway, definitely check out my TSLA analysis and read why I believe a big bounce is on it’s way. EW with a nice harmonic pattern followed by GOGO with a nice reversal pattern. Don’t miss out!

Click Here to view my full analysis on these stocks.

Instagram: @CortesAnalysis

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Hemp, Inc. (HEMP) First Quarter Sets Company Revenue Record

Earlier today, Hemp, Inc. released it’s sales number for the first quarter of 2014. After an outstanding end of 2013, many expected a good first quarter, but an increase of 1,182% over the the same period of time of last year was not in the forecast.

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NZD/USD Technical Analysis April 14th 2014

The New Zealand dollar is continuing to consolidate but should reverse lower soon.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is enough to cancel out the hammer candle, however we could see some consolidation for at least another week or two before a final push lower.

We are short a small size with a stop above previous highs.

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Stock Picks for 4/14 !

Good evening everybody ! This should be an interesting week as I am on SPRING BREAK! Which means I will be trading 24/7!

Our penny picks for today are MSITF,SSHSQ, KNSC . Our Open Forex trades are CAD/JPY SHORT! & NZD/USD. Our Forex plays should be good for quite some time.

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Update on Ukraine Situation 4/13

UN Security Counsel meeting going on and the ambassador to Ukraine is making it clear that another annexation will not occur.

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GBP/USD Short Trade Potential Double Top 4/13 Update

We have entered short on GBP/USD on 4/09 and are looking for continuation and a possible double top. There is a nice Doji and a confirmation candle on 4/10 which should lead to further GBP losses.

The BOE is expected to hold rates unchanged for the year of 2014 and the economic outlook doesn’t look to change that forecast. We will be watching the GBP/USD reaction to upcoming round of US and UK CPI data this week to determine whether or not to hold onto the trade.

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GOOGL, BAC, JPM – Analysis

Daily Analysis

by Cortes Analysis

Many charts are looking very bearish in the near future! Don’t be on the wrong side of the trade! I have GOOGL, BAC, and JPM analyzed on my website. Click Here to read my full analysis on these stocks to take advantage of some great opportunities!

Instagram: @CortesAnalysis

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