October 2018 - Page 166 of 262 -

What The Market’s Plunge Protection Team Looks Like

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

On August 22, I wrote a blog called “Can the Market Live on Canned Rations?” In it I wondered about the threat of the transportation sector: “Transportation IYT, made a new all-time high, but closed beneath 206.90 and the older ATH (all-time high) at 206.73.”I went on to say, that “Transportation can either blast off from yesterday’s […]

Dow Drops 832 Points In One Day – Has A Correction Begun?

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

Yesterday the stock market experienced one of the worst days of the year. The Dow Jones Industrial Average fell 832 points, more than 3%, the biggest lost since eight months ago on February 8. The S&P 500 dropped 3.3% to 2785.68. But the biggest losing major index was the Nasdaq Composite, which tumbled 4.1% to […]

Micron Well Positioned To Benefit From Growth In AI, Says JPMorgan

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

After attending Micron Technology’s inaugural Insight event that focused on artificial intelligence, JPMorgan analyst Harlan Sur reiterates an Overweight rating on the shares with a $75 price target. The chipmaker closed yesterday down 66c to $41.61. Artificial intelligence is “truly at its early stages with a long runway for growth,” Sur tells investors in a […]

Large Decline In Bullish Sentiment

Oct 11, 2018 Jeremy Parkinson Finance 0

Today’s Sentiment Survey release by the American Association of Individual Investors reported a15.1 percentage point decline in bullish sentiment. Of course this report comes one day after the 800+ drop in the Dow Jones Industrial Average Index. Two-thirds of the decline moved to the bearish camp with the other one-third moving to the neutral category. When all […]

Looking For Shelter From The Storm? Consider These Strategies

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

One way to beat the benchmarks is simply to decline less during downdrafts like yesterday as well as during serious bear markets. This can be done by how you mix different asset classes in your portfolio and by keeping losses from spiraling. One way to do the latter is to use trailing stops. Here are some […]

GOLD Bull Pressure Eyes Range Top Located At The 1,214.28 Area.

Oct 11, 2018 Jeremy Parkinson Finance 0

Gold bull pressure eyes a range top located at the 1,214.28 area. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen, could […]

E EURUSD And USDJPY Update – Elliott Wave Analysis

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

Gold Spikes Above $1200, Breaks Key Technical Resistance On Heavy ‘Safe-Haven’ Flows

Oct 11, 2018 Jeremy Parkinson Finance 0

Gold buying began at the European open and accelerated after the weaker than expected CPI print, snapping above $1200 and extending gains on notable volumes. Volume is well above average. Gold futures – after 5 days of testing and failing – have finally broken well above their 50DMA. Notably the dollar is not plunging (it did […]

What Inflation Means To You: The Consumer Price Index Revealed

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

Note: The charts in this commentary have been updated to include this morning’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has […]

E SPX Slips Below Trendline

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

VIX has bounced from its mid-Cycle support at 15.45 this week to test the Cycle Top resistance at 23.93. A buy signal was given last Thursday. The current period of strength may last through the weekend. ZeroHedge comments on the VIX. The NYSE Hi-Lo Index has been closing under 0.00 for the past week.confirming the […]