@thebrownpound 9 May 2021 edited

Random Thoughts: Markets, Investment, Crypto #1 The S&P 500 at all time high with XLE (Energy) and XOP (Oil and Gas) sectors leading the surge. Leading tech stocks of last year got hammered and are now either hovering on moving averages or completely lost even the 200MA support i.e. ETSY, FSLY, TWLO, DKNG, TWTR, PLTR etc. Pops were being sold off; I guess, institutions aren't keen to buy names with high multiples at the moment. Even AMZN, AMD and FB popped and crapped despite stellar earnings. ​ Bitcoin is flagging, whilst Ethereum just keeps making all time highs. Will it break 4000 next week? Hold your horses. Doge, a meme coin, ripped thru .70c yesterday but sold off during Saturday Night Lives' air time with Elon, the self-proclaimed Dogefather, awkwardly hosted the show. I had a buy limit order on 20MA at around .40c for a bounce but was not triggered. Nearly but not quite. It would be fun to watch if the dog keeps barking next week or will it finally be put to its cage. ​My crypto account has been ripping, and I have also been taking advantage on interest, staking and auto-market making. At current rates, this will outperform my dividend income. I am not trading crypto-assets as of yet as the moves are sorely unpredictable and extremely volatile. But, I am not dismissing this idea, in-fact, I am learning this space as fast as I can as well. I continue to see improvement on my stocks screening, technical analysis, and ticker recognition, however, I tend to get distracted too easily for the past couple of weeks. I have missed on high Reward/Risk entries costing me 20%-25% upside on these trades like NVAX, BNTX(short), CVNA, X, ALB. The lack of sleep didn't help that much either. The overall sentiment amongst Fintwit traders is that this has been a difficult market to trade at least for the past couple of months - the market is making all time highs but the pops just craps underneath. I have only been trading for less than a year and I am making the dough, so I guess, I am making the right moves. ​ On the productive side, I have added signals to my arsenal like PCCE and Flow. Although the data for the latter is very difficult to get (available only for Bank of America market insight subscribers). Lastly, I have been adding multiple chart samples on my database. I am only focused Break outs, MACD/MA convergence, Episodic Pivots and Parabolic Shorts/Longs. Sectors Performance Week-ending 9/5

Major Indices Performance Week-ending 9/5

Ethereum vs Bitcoin Ethereum is now extended from the 10MA

Dogecoin - was looking at that 20MA. 😂

Downtime Read I attempted to read the LINK whitepaper 2.0. My head literally hurt. Fortunately, they have visual guides on what they are currently working on, so the illustration made the technicals a tad easier to understand. Below are the articles I've read this week. https://www.prnewswire.com/news-releases/nydig-announces-appointment-of-john-dalby-as-chief-financial-officer-301286384.html https://www.theguardian.com/money/2021/may/01/mortgage-prisoners-distressed-and-betrayed-as-mps-reject-interest-cap https://www.pna.gov.ph/articles/1137122#:~:text=The%20coin%20can%20be%20conveniently,transactions%20using%20QR%20code%20and https://www.businessinsider.com/biggest-stock-market-crashes-in-history?r=US&IR=T https://www.tomshardware.com/news/turkish-crypto-exchange-goes-bankrupt-losses-2-billion-usd https://news.bloomberglaw.com/banking-law/eu-investment-arm-offers-two-year-notes-in-debut-blockchain-deal https://decrypt.co/69205/cardano-developer-iohk-strikes-partnership-with-ethiopian-government Pods I've watched and rewatched pods this week. Obviously, the contents I devour are market and crypto-related only. If you have any recommendations, let me know. Bitcoin Maxis versus Ledger & Cobie - UpOnly Abra: The Future of Crypto Banking (w/ Bill Barhydt and Raoul Pal) - Real Vision Finance Cardano: The Smart Contract War Heats Up (w/ Ash Bennington & Charles Hoskinson) - Real Vision Finance Portfolio Construction: Beyond BTC & ETH (w/Jeff Dorman, Joey Krug, Ari Paul, and Raoul Pal) - Real Vision Finance 600% Increase in 9 Months | Pinterest Stock (PINS) | In-Depth Technical Analysis - Richard Moglen Balaji Srinivasan - Bitcoin and Ethereum, Crypto Oracles, and More - The Tim Ferriss Show Crypto Billionaire Who Bought $69 Million NFT “Everydays” - Valuetainment Trading Mindset and Mental Toughness | Interview with Veteran Trader Joe Fahmy - Richard Moglen The Wall St. Jesus Flow Show: May 4th, 2021 - Sang Lucci SotN #45 - Chainlink 2.0 with Chainlink God - Bankless What Is Ethereum? - An Investigation (w/ Raoul Pal, Vitalik Buterin, Joe Lubin, and more) - Real Vision Finance Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks | Lex Fridman Podcast #181​ The Stock Market Shakes off Huge Jobs Report Miss | SPX at All Time Highs - Richard Moglen https://www.youtube.com/hashtag/181 Have a great weekend! /END.TBP