October 2018 - Page 150 of 262 -

SPX Closes Above Long-Term Support

Oct 13, 2018 Jeremy Parkinson Finance, No picture 0

VIX rallied above its Cycle Top support at 19.51in a confirmed buy signal. The Cycles Model shows a likely surge in strength for the VIX through late October. (CNBC) Wall Street’s favorite fear gauge, the Cboe Volatility Index, hit its highest level since mid-February as traders accelerated stock selling during Thursday afternoon. The VIX hit a […]

U.S. & World Market Volatility Continues

Oct 13, 2018 Jeremy Parkinson Finance 0

Further to last Wednesday’s post, here’s where the U.S. Major Indices stood after each close on Thursday and Friday, respectively. Thursday’s Close: Wednesday’s sell-off continued on Thursday, with the nine Major Indices closing at or near a lower near-term support level (or below, as was the case with the NDX and COMPQ), as shown on the following daily charts. The following percentages gained/lost graph shows the […]

Pullback, Correction Or Bear Market?

Oct 13, 2018 Jeremy Parkinson Finance, No picture 0

We all know that stocks don’t go up every day. And that even during the healthiest bull markets there will be down days…weeks…and even months. So, lets discuss the events of this past week so we can chart our course forward. First, we need to define terms to appreciate what is happening now. Bear Market: […]

Banks Provide Positive Start To Q3 Earnings Season

Oct 13, 2018 Jeremy Parkinson Finance, No picture 0

Bank stocks have been notable laggards in recent quarters, with market participants preferring the faster growing technology stocks to these seemingly boring companies. But as the turmoil of the last few days’ market action shows, the unwinding of the overcrowded trades in technology and other momentum stocks can get messy very easily. Banks are boring, […]

EUR/USD Forecast October 15-19

Oct 13, 2018 Jeremy Parkinson Finance 0

EUR/USD dropped to new lows but recovered quickly and stabilized back in the known ranges. What’s next? An important German survey and final inflation figures stand out in a week where Brexit could also have a meaningful impact on the common currency. Here is an outlook for the highlights of this week and an updated technical analysis […]

Yes, Something Just Broke

Oct 13, 2018 Jeremy Parkinson Finance 0

In this missive, we are just going to focus on the “WTF!” moment of this past week. In order to do this properly, I need to start with last week’s missive where we asked the question “Did Something Just Break?” In that article we addressed very specific concerns about interest rates and the problem they were going to cause. “Speaking of rates, […]

Week In Review: Biosense Exercises $75 Million Option For China Rights To Neovacs’ Lupus Immunotherapy

Oct 13, 2018 Jeremy Parkinson Finance, No picture 0

Biosense Global, a New Jersey-Suzhou in-licensing company, exercised a $75 million option for China rights to an active lupus immunotherapy developed by Neovacs (Paris: ALNEV), a French biopharma (see story). The exercise of the option follows a successful Phase II trial of the therapeutic vaccine, IFNalpha Kinoid. Biosense will make an undisclosed upfront payment plus milestones. It will […]

AskSlim Market Week – Saturday, October 13

Oct 13, 2018 Jeremy Parkinson Finance, No picture 0

The stock market fell last week, with the S&P 500 (SPX) down 119 points to 2767, a decline of 4%. • The sharp pullback was due in part to concern over rising interest rates and the trade war with China. • Our projection this week is for stocks to continue this decline with a […]

RecessionAlert Weekly Leading Index Update – Saturday, Oct. 13

Oct 13, 2018 Jeremy Parkinson Finance, No picture 0

The latest index reading came in at 17.8, down from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]