Non-fungible tokens or NFTs are taking the world by storm and you should probably start paying attention. It is the newest craze in crypto, which can be confusing to wrap your head around, but it could possibly hold the most utility in this landscape so far.

NFTs are essentially unique tokens that prove individuality. Unlike with cryptocurrency where one Bitcoin holds the same value as another Bitcoin, NFTs are something completely on their own. They are stored digitally on the blockchain and promote the culture of uniqueness.

The art scene has resonated with the NFT market and why shouldn’t it? It fits perfectly, especially in the contemporary art space. Holding ownership of an art piece has never been more transparent. You can clearly see who has held it before you, what they paid for it. It is verifiable, which means you can be sure that you’re not picking up a replica or a fraudulent piece. In the last week a collection of 101 “Bored Ape Yacht Club” NFTs sold for $24.4 million. The most expensive NFT ever sold though was a collage of images from Beeple’s “Everydays” series that went for $69.4 million in March of this year. Granted, digital art is something foreign to most people but the younger generation seems to be embracing it.

If we envision the online world to continue to exist, why would the ownership of digital media not make sense?

The fundamental principles of NFTs are quite easy to understand which further makes the case for worldwide application. Essentially, anything that we should be keeping record of will benefit from this technology. Are you looking to buy a house and want to see the sale history for that specific property? Well, go check out its transaction history on the blockchain. These are the types of things that we can do in order to create a more transparent and equitable environment. It also proves the most practical use case for crypto’s and blockchain to date. High value, unique items that need detailed and irrefutable records keeping.

Now that we know the basics of NFTs, let’s explore where we can view these digital art pieces. OpenSea is currently the largest marketplace for these tokens to be bought, sold or perused. OpenSea operates with Ethereum as currency and for that reason, if one wants to buy something, you need to hold Ethereum. It is not the easiest to transact on OpenSea as a complete beginner because you have to install an application called “Metamask” which acts as your cryptocurrency wallet by means of a browser extension. OpenSea then talks to Metamask so that the user can accept or decline transactions.

As mentioned earlier, Ethereum is currently the biggest player in the NFT space, however Solana is catching up. Not only is Solana catching up, they are miles ahead when you compare transaction fees and speed for these transactions taking place on the blockchain. We call both Ethereum and Solana “Layer-1 protocols”. “Layer-1” and “Layer-2” are terms used to describe the architecture or protocols of blockchains.

Layer-1 is the term that’s used to describe the underlying main blockchain architecture. Layer-2, on the other hand, is an overlaying network that lies on top of the underlying blockchain.

Petro Wallace

Think of “Layer-1” as the base layer. This is the network we are using to process our transaction. Then think of “Layer-2” as adding additional protocols, or the information we are exchanging.

The explosion of volume in the NFT market has contributed to the growth of the coins mentioned above and can point to further upside. Standard Chartered, a large bank in the United Kingdom, predicts that Ethereum can rally tenfold in the medium term (to roughly $26 000 – $35 000) and potentially surpass Bitcoin in the long run.

See below growth year to date for both Ethereum and Solana.

By Justin Theunissen

The post What are NFTs and why do they matter? appeared first on Herenya Capital Advisors.

CDW Corp. (CDW)

Enter on a break below $154.18 with a stop loss at $160.99, and a target price around/above $139.98.

Clorox Co. (CLX)

Enter on a break above $183.27 with a stop loss at $179.83, and a target price around/above $196.80.

FLIR Systems, Inc. (FLIR)

Enter on a break below $51.98 with a stop loss at $54.75, and a target price around/above $45.61.

Steris plc (STE)

Enter on a break above $176.55 with a stop loss at $172.05, and a target price around/above $185.56.

Joining HCA trading

HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.

Local stockbroking rates

Offshore stockbroking rates

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Four US trades for the week appeared first on Herenya Capital Advisors.

Happy trading!

U.S. trade ideas

American Elec Pwr Co., Inc. (AEP)

Enter on a break above $83.10 with a stop loss at $79.90, and a target price around/above $89.10.

Gallagher Arthur J & Co. (AJG)

Enter on a break above $119.22 with a stop loss at $114.32, and a target price around/above $129.00.

Atmos Energy Corp. (ATO)

Enter on a break above $89.60 with a stop loss at $86.71, and a target price around/above $93.00.

C.H. Robinson Worldwide, Inc. (CHRW)

Enter on a break above $88.60 with a stop loss at $84.90, and a target price around/above $100.00.

CenterPoint Energy, Inc. (CNP)

Enter on a break above $22.90 with a stop loss at $20.89, and a target price around/above $23.56.

Domino’s Pizza Group LTD (DPZ)

Enter on a break above $381.75 with a stop loss at $369.23, and a target price around/above $404.57.

Consolidated Edison, Inc. (ED)

Enter on a break above $72.19 with a stop loss at $70.00, and a target price around/above $74.00.

VWV Grainger, Inc. (GWW)

Enter on a break above $374.30 with a stop loss at $359.19, and a target price around/above $408.00.

Kimberly Clark Corp. (KMB)

Enter on a break above $132.63 with a stop loss at $130.26, and a target price around/above $140.00.

Kinder Morgan Inc. (KMI)

Enter on a break above $14.34 with a stop loss at $13.75, and a target price around/above $15.72.

Kroger Co. (KR)

Enter on a break above $33.98 with a stop loss at $32.84 and a target price around/above $40.00.

Pfizer, Inc. (PFE)

Enter on a break above $35.24 with a stop loss at $34.27, and a target price around/above $37.20.

Procter & Gamble Co. (PG)

Enter on a break above $130.40 with a stop loss at $127.25, and a target price around/above $139.00.

Progressive Corp. (PGR)

Enter on a break above $88.34 with a stop loss at $86.04, and a target price around/above $96.00.

Pinnacle West Cap Corp. (PNW)

Enter on a break above $78.25 with a stop loss at $74.76, and a target price around/above $85.57.

Republic Services, Inc. (RSG)

Enter on a break above $92.49 with a stop loss at $90.07, and a target price around/above $100.00.

Vertex Pharmaceuticals Inc. (VRTX)

Enter on a break above $218.82 with a stop loss at $210.99, and a target price around/above $255.00.

WEC Energy Group, Inc. (WEC)

Enter on a break above $88.00 with a stop loss at $86.05, and a target price around/above $96.00.

Xcel Energy (XEL)

Enter on a break above $64.00 with a stop loss at $62.69, and a target price around/above $68.00.

Xylem Inc. (XYL)

Enter on a break above $99.14 with a stop loss at $94.77, and a target price around/above $105.24.

Joining HCA trading

HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.

Local stockbroking rates

Offshore stockbroking rates

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Long and strong appeared first on Herenya Capital Advisors.

That said, here are some of our offshore trade ideas for this week.

Agilent Technologies, Inc. (A)

Enter on a break below $124.44 with a stop loss at $128.22, and a target price around/above $118.00.

AbbVie, Inc. (ABBV)

Enter on a break below $110.10 with a stop loss at $113.10, and a target price around/above $104.00.

Accenture Ltd. (ACN)

Enter on a break below $253.21 with a stop loss at $265.00, and a target price around/above $240.00.

Applied Materials, Inc. (AMAT)

Enter on a break below $104.93 with a stop loss at $110.88, and a target price around/above $25.33.

Baidu, Inc. (BIDU)

Enter on a break below $249.56 with a stop loss at $266.21, and a target price around/above $223.54.

Carnival Corp (CCL)

Enter on a break above $20.91 with a stop loss at $19.61, and a target price around/above $24.00.

Deere & Co. (DE)

Enter on a break below $294.82 with a stop loss at $306.96, and a target price around/above $263.43.

Discovery, Inc. (DISCA)

Enter on a break below $36.10 with a stop loss at $38.44, and a target price around/above $33.50.

Evergy, Inc (EVRG)

Enter on a break above $54.20 with a stop loss at $452.10, and a target price around/above $52.00.

Firstenergy Corp (FE)

Enter on a break above $31.95 with a stop loss at $54.53, and a target price around/above $46.00.

WEC Energy Group, Inc. (WEC)

Enter on a break above $89.24 with a stop loss at $86.00, and a target price around/above $96.00.

Invesco DB US Dollar Index Bullish Fund (UUP)

Enter on a break above $24.48 with a stop loss at $24.00, and a target price around/above $25.00.

Keysight Technologies, Inc (KEYS)

Enter on a break below $145.00 with a stop loss at $151.00, and a target price around/above $129.00.

MarketAxess Holdings, Inc. (MKTX)

Enter on a break above $520.73 with a stop loss at $507.99, and a target price around/above $535.00.

NetApp, Inc. (NTAP)

Enter on a break below $63.91 with a stop loss at $67.13, and a target price around/above $60.00.

Pinnacle West Cap Corp (PNW)

Enter on a break above $77.86 with a stop loss at $75.64, and a target price around/above $86.00.

Republic Services, Inc. (RSG)

Enter on a break above $95.55 with a stop loss at $92.51, and a target price around/above $101.00.

Dominion Energy, Inc (D)

Enter on a break above $72.28 with a stop loss at $70.46, and a target price around/above $76.00.

Coca Cola Co (KO)

Enter on a break above $49.15 with a stop loss at $48.24, and a target price around/above $52.00

FLIR Systems, Inc. (FLIR)

Enter on a break below $53.18 with a stop loss at $28.82, and a target price around/above $25.33.

Joining HCA trading

HCA trading offers a number of different trading accounts to suit different types of traders. Our offshore trading accounts allow traders to buy shares, ETFs, CFDs and even fractional shares in the United States for only $2 a trade. Locally, we offer shares, ETFs and CFDs at good rates with robust and reliable trading platforms. All our trading, including CFDs, is done on a Direct Market Access basis and thus our clients are able to interact directly with the real equity market and not have to worry about excessive counterparty or liquidity risk. Our prime broker locally is a big four bank and offshore we make use of one of the largest non-bank prime brokers in the world.

Local stockbroking rates

Offshore stockbroking rates

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Wall Street bets appeared first on Herenya Capital Advisors.

As a side note: remember that risk management is key. Make sure you don’t allow losing trades to run away with you. These trading setups might be for bulls, but remember, the bulls that survive use stop losses and are disciplined when they are triggered.

Ameren Corp (AEE)

Enter on a break above $75.00 with a stop loss at $73.03, and a target price around/above $79.50.

Dominion Energy, Inc. (D)

Enter on a break above $73.00 with a stop loss at $69.90, and a target price around/above $77.00.

Duke Realty Corp (DRE)

Enter on a break above $39.00 with a stop loss at $39.00, and a target price around/above $42.50.

Consolidated Edison, Inc. (ED)

Enter on a break above $70.00 with a stop loss at $68.00, and a target price around/above $74.00.

Equinix, Inc (EQIX)

Enter on a break above $719.24 with a stop loss at $690.00, and a target price around/above $763.00.

Evergy, Inc. (EVRG)

Enter on a break above $54.73 with a stop loss at $53.00, and a target price around/above $58.00.

Howmet Aerospace, Inc. (HWM)

Enter on a break below $27.35 with a stop loss at $28.82, and a target price around/above $25.33.

Kellogg Co. (K)

Enter on a break above $59.51 with a stop loss at $58.46, and a target price around/above $62.40.

Kimberly Clark Corp (KMB)

Enter on a break above $132.31 with a stop loss at $129.86, and a target price around/above $136.00. Company Earnings on Monday, January 25 2021.

Royal Caribbean Cruises (RCL)

Enter on a break above $75.71 with a stop loss at $72.58, and a target price around/above $83.74.

Tyson Foods, Inc. (TSN)

Enter on a break above $65.37 with a stop loss at $63.82, and a target price around/above $70.00.

HCA offshore trading

Want to action these trade ideas? Our offshore trading account only carries a $2 per trade brokerage fee for U.S. listed equities.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Trading setups for bulls appeared first on Herenya Capital Advisors.

Altimmune, Inc. (ALT)

Enter on a break above $13.75 with a stop loss at $11.90, and a target price around/above $23.00.

Corbus Pharmaceuticals Holdings (CRBP)

Enter on a break above $1.53 with a stop loss at $0.91, and a target price around/above $4.50.

Overstock.com, Inc. (OSTK)

Enter on a break above $61.80 with a stop loss at $55.00, and a target price around/above $87.00.

Pacific Ethanol, Inc. (PEIX)

Enter on a break above $6.40 with a stop loss at $5.32, and a target price around/above $10.50.

VBI Vaccines, Inc. (VBIV)

Enter on a break above $3.39 with a stop loss at $3.12, and a target price around/above $4.50.

HCA offshore trading

Want to action these trade ideas? Our offshore trading account only carries a $2 per trade brokerage fee for U.S. listed equities.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post U.S. trade ideas appeared first on Herenya Capital Advisors.

The best

Bitcoin (BTC)

The grand daddy Bitcoin. We made a few comments around our view on Bitcoin in the Weekly game plan blog on the 27th of December 2020, you can read that blog post here. Today though, we expand our view a little. As usual with cryptocurrencies, we use a weekly logarithmic chart in order to more accurately identify long-term patterns. Since the price moves in absolute Dollar terms can be very large, the logarithmic scale helps to ‘normalise’ it a little.

The first thing we would like to point out on Bitcoin is that we have a long-term uptrend that, since 20120, has formed two pennants. In early 2017 when the first pennant broke out, Bitcoin put in a (roughly) 4600% rally before topping out just under $20k. This time around, should history repeat itself, a 4600% rally will take Bitcoin to around $500k. This is above our price target of $200k (as illustrated in both the Finweek and in our blog post), although it is absolutely a possibility if crypto-mania hits Main Street again this year. And honestly, we think it will.

Bitcoin is therefore our number one pick of which cryptocurrency to buy in 2021.

Ethereum (ETH)

We note a strong correlation between Bitcoin and Ethereum, and the four year halving cycle. We also lean on history a little and look at how ETH traded during the last cycle. On the chart below, we’ve marked out the beginning on 2017 and the beginning of 2021. Should our thesis around the Bitcoin halving cycle and its influence over cryptocurrencies in general be correct, we could see history repeating itself and ETH putting in a 10 000% rally.

Looking at the chart we can see that ETH has recently broken out of a rectangular consolidation, retested the break out and has started to move higher very nicely. The real test is going to come in once ETH has another crack at the previous all time high. As was our recommendation with Bitcoin, we think that buying Ethereum once the previous all time high has been broken would be wise. Another encouraging data point is that ETH has managed to trade and hold above its 126 week moving average. We can clearly see that the 126 week moving average was a solid resistance line while ETH was consolidating between late-2018 and mid-2020. Now that 126 week moving average is broken and is very likely to serve as support.

Remember though, cryptocurrencies are volatile, so trade small. The stoploss for a long trade here is below the 126 week moving average, which is well over 50% lower. Nonetheless, Ethereum is our number two pick for which cryptocurrency to buy in 2021.

Ethereum / Bitcoin pair (ETH/BTC)

One of the more popular trading pairs in the cryptocurrency space is ETH/BTC. It makes for an interesting chart as well. We note an inverse head and shoulder pattern with a neckline around 0.037. There is also bullish divergence between the stochastic oscillator and price. Moreover, the last two weekly candles both have nice long tails and have seemingly formed hammer candle formations on a key support level.

The play here would be to wait for the neckline to break and then trade this pair in accordance with technical analysis rules on how to trade inverse head and shoulders patterns (target around 0.057 with a stop loss below 0.025).

Ethereum vs Bitcoin vs Bitwise 10 Crypto Index Fund

Here we are just looking at Bitcoin versus Ethereum to see which one, relative to one another, has been performing better. It is clear that ETH lags behind BTC by a few weeks and also that BTC has outperformed ETH in recent months. Likely because BTC is the grand daddy, so BTC leading ETH is to be expected. This chart does well to illustrate the relationship between the two though, and from a traditional ‘pair trading’ point of view, you could be long ETH and short BTC (i.e. long ETH/BTC). In truth though, we would rather be long both.

The above chart also shows, for reference the Bitwise 10 Crypto Index Fund (in black) which was recently launched. The correlation between BTC is obvious. The BITW fund might also be used as a vehicle for Wall Street to gain access to the cryptocurrency market, so we think that it is most definitely worth keeping an eye on. One additional bonus to BITW is that you can buy it through a traditional (registered) financial services provider.

The rest

We have to admit that our knowledge of the altcoins is not as extensive as it is of Bitcoin. Nonetheless, we can look at some charts and apply the rules and principles of technical analysis in other to possibly identify, if any among the altcoins, which cryptocurrencies to buy in 2021.

Ripple (XRP)

XRP seems to be heading lower to test a previously significant support level around 0.14. Given the coming excitement and irrationality in the cryptocurrency markets, we think that buying some XRP off the support level could offer a very good risk-reward trade. Be careful though, XRP has been reacting negatively to news around its developers and how the Securities and Exchange Commission in the US see XRP. Perhaps the ‘bad news’ will drive XRP down and offer a great risk-reward entry on the long trade?

Polkadot (DOT)

DOT does not has a lot of data to work with (which is the case with most of the altcoins), although a significant resistance level at $5.9 seems to have broken. Waiting for the weekly candle close before getting involved here would be our call.

Solana (SOL)

SOL has a nice clean setup. A bull flag long-term price formation with a clear target and stop los. Also, just enough data to generate a buy signal on the stochastic oscillator. Well, the buy signal has not yet been generated, so wait for the stochastic to break above 20 at least. We think that the stochastic buy signal will very likely coincide with the breakout of the bull flag. This really is a decent trade setup.

Civic (CVC)

There are a few things happening on the CVC chart. The first thing we note is that CVC is consolidating inside a clear historic resistance zone. We also note that there could be a flat top triangle in the making (within the resistance zone). Lastly, we note bullish divergence between the stochastic oscillator and price. This is another great trading setup in our view, although patience is required. We must wait for the break out of this resistance zone before getting involved in any long trades.

As a side note, should the resistance zone hold and that flat top triangle formation break lower, CVC could be scrambling for support at 0.025. Make sure that you use and stick to your stop loss.

BitTorrent Token (BTT)

BTT is showing signs of bullish divergence between price and the stochastic oscillator and is also currently holding on key support. For those who can keep very, very tight stop losses, BTT is offering a great risk-reward on a long trade.

Litecoin (LTC)

There is no setup for us on LTC at the moment. We would like to see that large rectangular consolidation break before we get involved. We must point out though, the short trade back to the bottom of the range is currently offering a massive risk-reward. We’re just not sure how we can short it… and we absolutely and emphatically do not recommend using an OTC derivative to take a short. Rather wait for the consolidation to break higher, or for a reversal from the bottom of the consolidation before taking a long position.

Binance Coin (BNB)

Another good looking setup and strong contender for which cryptocurrency to buy in 2021. BNB has formed a flat top triangle and is on the verge of breaking out. There are two ways to look at this chart. The first is to measure the broadest part of the flat top triangle formation and to project it out as a price target. If we make that projection, we come to a price target of $98.

The second way to look at it is to measure the move into the flat top triangle and to project that as a price target. The almost scary part here is that the move into the long-term pattern was a 50 000% rally. Projecting that out brings us to a price target of $19k. In truth, that seems almost too incredible to be probable, although with the frothing madness of another cryptocurrency bubble on the horizon, it is possible.

Chainlink (LINK)

We can’t offer much insight on LINK to be honest, although we do note a pennant formation that could trigger a trade once it breaks. Please remember, trade small and keep to your stop losses.

Bitcoin Cash (BCH)

BCH stuck in a range with not setup at present. A long trade could be possible once the consolidation has broken higher, although for now there is nothing to do but patiently wait for a trade signal.

Cardano (ADA)

Nice repetitive consolidation breaks as ADA trades higher in ‘steps’. Trend following rules apply here.

Tron (TRX)

Man what a cool movie… oh wait, on no it’s a cryptocurrency with no setup to trade. Wait for the consolidation to break before taking any positions here.

Neo (NEO)

NEO tried its hand a breaking the rectangular consolidation, although that upper resistance level managed to suck it back into the range. The story is not over though. If you traded the breakout here, your stop loss should be in the middle of the range (around $9), so there is no reason to get out yet (unless you traded too big).

Any new positions in NEO should only be taken if it can get and hold above the upper resistance level.

Dash (DASH)

No real clear setup on DASH here for us. You could say that the downtrend has broken and is currently being retested. If you are of that view, that would make DASh a buy. Although the more cautious approach would be to wait for the larger consolidation to break before getting involved.

Dogecoin (DOGE)

This cryptocurrency basically started as a meme… and now good old Elon Musk is probably gonna make sure that this little one goes to Mars! I mean, just look at how bullish this chat is. It’s almost as if it’s somehow got a Starship strapped to it..?

In all seriousness though, that is a rounding bottom price formation, and do not underestimate the power of Elon Musk talking this thing up. In fact, this is another pick from us for which cryptocurrency to buy in 2021, because Elon will probably pump this thing just for the memes. And also probably to really trial and test a digital currency, because he a very long-term thinker and Mars is going to need a form of money. Not that we think that ‘Mars money’ will be Dogecoin, probably something that has not been made yet. Nonetheless, watch this… space. We like Dogecoin.

Interested in learning more about trading?

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

The post Which cryptocurrency to buy in 2021 appeared first on Herenya Capital Advisors.

It’s been a while since we’ve put out some US trade ideas. Don’t chase them and make sure you stick to the stop losses.

Atlas Air Worldwide Holdings (AAW)

Enter on a break above $57.38 with a stop loss at $54.00, and a target price around/above $69.00.

Assembly Biosciences, Inc. (ASMB)

Enter on a break above $6.42 with a stop loss at $4.50, and a target price around/above $14.00.

Bluebird Bio, Inc. (BLUE)

Enter on a break above $46.90 with a stop loss at $43.35, and a target price around/above $14.00.

CMS Energy Corp. (CMS)

Enter on a break above $61.90 with a stop loss at $59.00, and a target price around/above $65.00.

Salesforce.com, Inc. (CRM)

Enter on a break above $229.87 with a stop loss at $218.20, and a target price around/above $245.00.

Goldman Sachs Group, Inc. (GS)

Enter on a break below $240.00 with a stop loss at $246.00, and a target price around/below $230.00.

Hartford Financial Services Group, Inc. (HIG)

Enter on a break above $47.83 with a stop loss at $45.90, and a target price around/above $53.00.

McCormick & Co., Inc (MKC)

Enter on a break above $95.33 with a stop loss at $91.90, and a target price around/above $101.50.

Northrop Grunman Corp. (NOC)

Enter on a break above $305.00 with a stop loss at $297.00, and a target price around/above $315.00.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

A new year, a new trading account!

We are setting the standard for stockbroking service and fees. You can open your account and transfer all your current open positions and cash before the new year starts. It’s holiday time and you can’t go to the beach, so you might as well use the time to move your account over and join our team. US listed Equities, ETFs, Options, Futures and CFDs at $2 a trade. If you are actively trading offshore, it’s time to open or move your account to HCA trading. Brrrrrr! Christmas is coming!

The post Brrrrrr! Christmas is coming! appeared first on Herenya Capital Advisors.

The election is now just one week away and we recommend staying light into the election and only making decisions post-election results, even if we have to pay up a bit in case of good news, or just stay on the sides in the case of bad news. There is no edge in trying to figure out an election result for a trader. This election has been marred by a lot of intimidation of Trump supporters, so it has become impossible to be sure if the polls are correct, or like 2016 there are Silent Trump supporters. 

Most polls currently have a Blue Sweep penciled in for 2020. What would that mean for the markets?

Shorter-term a very large stimulus deal with money flowing directly to the poorer folks should be good for risk assets (that’s the bank consensus, not sure we would take the bait). On a longer-term basis, the Green New Deal won’t be cheap and will probably cause traditional energy prices to go to levels never seen before. Corporate Taxes are bound to go higher as well, making the S&P 500 more expensive than it already is. So Although there may be a pop higher if there is a Biden win, we think the USD will drop, Gold will fly and the US stock market will be a less favoured destination longer-term, and we will be looking for a rotation towards European based assets as these are not overly expensive in relation to US tech.

Here is the big but;

Are we to believe the polls that Biden is so far in the lead and this will not be a closely contested election? We don’t believe that to be the case, in fact another second surprise win by Donald Trump wouldn’t be a shock to us. In the case of a Trump repeat win, we believe the dollar may pop higher and Gold bulls will need to get squeezed out, as this is still one of the most crowded sectors.

Regardless of the outcome

On the other hand, a sector we are starting to like in the US that should be a winner regardless of Trump or Biden is small Banks in the US. We believe the yield curve will steepen in months ahead providing a tailwind for an improvement in bank margins post-election.

We will be back with more ideas for a portfolio as soon as the election dust settles.

The post Avoiding the US election appeared first on Herenya Capital Advisors.

Allstate corp.

Enter on a break above $94.90 with a stop loss at $91.07, and a target price around/below $100.00.

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

Podcasts

We’ve added a new daily podcast on our podcasts page. Go have a listen, and don’t forget to bookmark the page.

The post International outlook 14 September 2020 appeared first on Herenya Capital Advisors.