Happy New Year my Steemit Friends and Colleagues. 2017 was a year of many blessings. One highlight for me was joining the Steemit Community, where I now have 4900+ followers. My goal in 2018 is to post weekly musings on Crypto's, Markets, Mining and Investing that adds value to all of our lives. I know it sounds hokey, but I am driven everyday to help those around me. May 2018 be another year of blessings for us all.
E-currencies vs US Dollar:
This picture is a bit dated but the trends continue. Bitcoin seems to be range bound between $12,000-15,000 after peaking near $20,000 in mid December. Ethereum, Steem, and other coins are hitting new highs. Steem is up 34% in just one day. 1031 Exchanges are banned for Crypto Trading in the Trump Tax Plan. Means every Crypto buy and sell is now a taxable event. Checkout Bitcoin.Tax for the latest details. You may want to explore other Crypto Brokerages like Binance.com that do not issue 1099’s. Are you mining cryptos in private wallets yet? The US Dollar has dropped three weeks in a row, driving up Gold, Oil, Cryptos and Stocks. Is inflation coming in 2018?
https://www.coinbase.com/charts?locale=en-US
https://www.worldcoinindex.com/coin/steemCherry Picks Newsletter:
Tastyworks has dramatically reduced commissions on options contracts in 2018! Checkout the new rate schedule at Tastyworks.com. In addition,Tastyworks will have twelve monthly drawings for funded accounts (minimum of $2,000) and each month, one customer will win free commissions for 5 years. What!?!?!?! On the technology side, Tastyworks is releasing a new analysis tab, portfolio margin, options on futures, paper trading, an open API, a new scripting language and lots of new mobile features. WOW an opportunity to trade for free on one of the most innovative trading platforms in the world. Check them out on Tastyworks.com and/or Tastytrade.com. Below are links to their weekly newsletters. If this blog sounds like gibberish, watch "Where do I start 101" free education series on Tastytrade and signup for these newletters.
https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/18_01_02_tastytrade_Research.pdf?mc_cid=06c41aff3a&mc_eid=e9e24bad07
https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/17_12_31_tastytrade_Research.pdf?mc_cid=c557c8c498&mc_eid=e9e24bad07
https://www.tastytrade.com/tt/shows/wdis-options-101/episodes/internship-day-1-03-30-2017Volatility Remains Low: VIX <10, US Market Hit record highs today on the first day of trading in 2018. Please watch Doc Serverson’s video below. What a dramatic selloff close to the markets in the last 30 minutes of 2017? Institutional selling 5000+ contracts. Perhaps a correction in 1Q/2018 after earnings season...
2018 Predictions - 2017 US Markets went up 12 straight months, first time in history. What about 2018?
2017 closes.. SPX 2673.61, RUT 1535.51, NDX 6396.42
2016 closes.. SPX 2238.83, RUT 1357, NDX 4863.62
2015 closes.. SPX 2043.94, RUT 1135, NDX 4593.27Trump Trades
Trump Tax Passed - Long Multinationals with offshore profits (e.g. AAPL,...), US GDP should remain around 3%.
Health Care - Short all health care stocks except Pharma, new budget pulls $1.5 Trillion from Medicaid and Medicare
Defense - Stay long Defense and Gun stocks,
Daily Tweets - Twitter Covered Calls and/or Wheel of Fortune
Media Attacks - Long NY Times, CNN, MSNBC, SNL….
Budget Framework - Long Defense, Senate passed a budget
Private Prisons Increase - Long CXW, GEO
Repeal Fiduciary Rules & Dodd Frank - Long Banks, Credit Bureaus, Elimination of Class Action Lawsuits
Regulation Freeze - 1) For each new regulation, two must be eliminated. 2) Costs impact must be neutral..
Federal Hiring Freeze ( hire 1 if replaces 3 or 4 folks)..
Stopping Trade agreements - Short farmers, Nafta renegotiation
Real Estate - Long BXTRADE Log: VIX < 11 Low Volatility Trades
- Long GOLD, BITCOIN
- Look for Low IVR Calendars, Diagonals, Covered calls
- Rusty Fly on SPX, Why do Rusty Flies close faster on Tastyworks vs TOS?
- MCD, KMI - Bullish Trade using 70 Delta 6 Month Call Leaps
Videos and Resources:
Doc Severson - Theotrade:Changing Your Approach to Momentum Plays
Crypto Tracking Spreadsheet:
Greg Mannarino:1/2/18 Post Market Wrap Up