Trading Tools: Pivot Points Indicator by ActivTrades

My favorite broker ActivTrades provides its customers with the very useful add-on: Pivot Points Indicator is a sophisticated indicator designed to help traders make well-targeted trading decisions.
Professional traders often use pivot points as an indicator of the forecast of market movements. The company ActivTrades developed its famous indicator with 3 levels of support and resistance for the MetaTrader 4 and MetaTrader 5 platforms.
 The lines on the chart represent reversal points (orange) and support and resistance levels (blue, brown and green). If the price is higher than the reversal point, the market is usually considered to be "bullish", and at a price below the turning point the market is usually called "bearish". Support and resistance levels help determine the potential levels of the current market trend reversal.


For more information and to request, click here.

The bitcoin begins the week with a fall

The start of the week was not particularly positive for the bitcoin. Crypto currency dropped by 4.4% to $2,480 on the first day of the new week. This was the lowest value of the bitcoin for the last week.
Bitcoin sales on Monday became reality in the absence of substantial news. But this may have something to do with the flash crash at the ethereum last week, when the currency fell momentarily from $296 to $0.10.
The reluctance of the stock exchange, where this happened, is that investor losses as a result of a crash will be restored.
Since Wednesday last week, the bitcoin has already dropped by 9.5%. Its loss from the top, at about $3,000, is about 20%.
The weakness of the currency is to a large extent predetermined by China's three largest exchanges, where cash withdrawals became reality for the first time since April.
The bitcoin was named "bubble" by the intrepreneur Mark Kuban, and Goldman Sachs said we can see a currency adjustment of up to$ 1,915 on the basis of technical analysis.
Another serious question mark before the bitcoin is whether the two state index funds based on it will receive approval after the initial refusal to be licensed. This decision is currently being appealed before a higher court.

Those affected by flash crash with the ethereum will be compensated

There is much talk about what happened with the ethereum at the end of last week. As a result of an instant crash at the price of the virtual currency, which became a reality at 12:30 pm on June 21, the price of the ethereum fell momentarily from $296 to $0.10.
The good news is that the GDAX exchange, where the flash crisis with the ethereum happened, will recover the losses of all investors as a result of the momentary decline, whose positions have been closed due to a margin call.
From GDAX claim that they will establish a process of crediting the accounts of customers who have experienced a margin call or whose loss-limiting orders have been triggered as a result of the downward depreciation of the ethereum.
At the same time, they will leave the positions of those who bought the ethereum at low prices as a result of waiting orders.
What is the conclusion?
The momentary price depression definitely did not affect many investors, and there were not many those who benefited. Otherwise, hardly on the stock exchange they could afford to cover the losses at all.
Apparently GDAX has calculated that the value of the loss is tolerable because their initial comments were that customers would not be compensated.
Since the beginning of the year, the ethereum has risen by 3,700%.

Laszlo Birinyi: S & P 500 at 2,500 points to September

Laszlo Birinyi, one of the most stable bulls in the eight-year rally of US indices raised its forecast for the broad US index S&P 500. According to him the index will rise to a level of 2 500 points to September.
73-year-old president of Birinyi Associates Inc. said his company would buy call index-based options to benefit from the potential increase, according to a letter sent to customers on Monday.
Early in the year, Birinyi predicted that the broad index would rise to 2 450 points by June. The index overtakes this level this week, rising to the highest value of 2 453 points.
The expert's opinion is largely counter to the expectations of the majority of Wall Street analysts that the rise in US indices is likely to stop.
According to Birinyi, however, strong demand for shares at times of sell-offs is a bullish sign.
Birinyi is expected to buy call options on the SPDR S&P 500 ETF with payment is in September and a $250 strike at a price of $2.29, says the letter to customers.
The forecast is in fact an expectation of a 5% growth for the index, compared to its average for the past 50 days.

Doug Kass: We are ready for a serious correction

The big investor Doug Kass, expressed his opinion on the market, in a unique way.
"At the risk of sounding stupid (and mistaken), I do not like the market and its movement," said Kass in a statement.
A serious imbalance in closing markets last week, coupled with a forthcoming holiday and early month, triggered a late recovery of US indices and new records, Kass commented.
In case of serious instability of the FANG group companies, I position myself aggressively for a market correction - something that few investors and experts even think possible.
Last week, Kass raised serious questions about the letters "A" and "N" in the so-called FANG group. That is to the shares of Amazon and Netflix. The first reached new historical records at levels already above $1,000 at the beginning of the new week.
Surviving the previous technological boom and shortening technology companies during the "Internet bubble," in the late 1990s, Cass definitely believed he had "watched this movie before".
Analyzing the current situation causes Kass to believe that all investors, with the exception of "older fools," may be misled by the current trend of forming a "speculative bubble."
Kass believes that companies such as Facebook and Alphabet, given their prospects of good future growth, can not be considered expensive, although they would be limited to buying them at their current levels.
The expert predicts a 30% increase in profits before taxes and fees over the next few years. For Google, the forecast is for a 15% growth per year. What is more important, according to Kass, is that both companies generate stable cash inflows.
With regard to Amazon and Netflix, however, ratings are quite another. Kass said he would have avoided both companies.

Bernard Arnault: A bubble is formed that will burst

Bernard Arnault, the executive director of the multinational luxury goods company LVMH, has warned the world economy, which has to scare all investors seriously.
He thinks that the economic climate in the current situation is terrible in the medium term.  The billionaire made this statement in interview for the CNBC financial magazine on June 15th.
Arnault substantiates his opinion with high stock prices, low interest rates, and the volume of money that flows globally.
In his opinion, a bubble is being formed that will explode one day.
Arnault did not specify the time he expects the difficulties to happen, but said it could be soon because the last crisis was in 2008, and similar crises happen traditionally every 10 years.
In terms of his long-term horizon, however, the billionaire is optimistic, referring to advances in technology, which will ultimately help the world economy recover.

The oil officially entered the bearish market. Next target - $30

Oil has officially entered the bearish market after its fall yesterday. Poll Siana from Bank of America Merrill Lynch, commented in an interview with CNBC that based on graphics, oil may be headed for a level of $30 a barrel. These are levels unprecedented since April last year.
According to the technical analyst, the depreciation of oil can in practice serve as a rally for the bond markets. There is a backward movement between bond prices and oil, so if this dependence continues, the depreciation of oil can lead to a rise in bond prices.
In addition, stocks may also be in trouble if the price of oil falls. While there is no direct correlation between the potential oil depreciation and index levels, such a decrease could potentially exacerbate a possible correction for the indices.
Not very positive is the situation for oil and on the basis of a fundament. In fact, demand for oil may drop in the summer.
Since the beginning of the year, the price of oil has fallen by 19%, mainly due to increased US stocks and OPEC's inability to limit supply.
US crude oil traded at levels of 43.50 earlier this morning.