October 2018 - Page 20 of 262 -

Chesapeake Agrees To Buy WildHorse Resource In $3.977B Cash And Stock Deal

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

Chesapeake Energy (CHK) and WildHorse Resource Development (WRD) today jointly announced that Chesapeake has entered into a definitive agreement to acquire WildHorse, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3.977B, based on yesterday’s closing price, including the […]

Morning Call For Tuesday, Oct. 30

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.34%) this morning are up +0.32% on optimism the U.S. and China can resolve their trade differences after President Trump in an interview with Fox News late Monday said, “I think we will make a great deal with China, and it has to be great because they’ve drained […]

Another Attempt To Put A Bottom In Stocks

Oct 30, 2018 Jeremy Parkinson Finance 0

Overview: First, reports suggested that if China refused to make any trade concessions, the Trump-Xi meeting on the sidelines of the G20 meeting next month would not take the issue up. Fair enough. Then, new reports indicated that the White was prepared to take additional trade measures if there was no agreement between Trump and Xi. […]

Darker Clouds Gather Around The Euro After Italy’s Disappointing GDP

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

The EUR/USD trades below 1.1400 once again, unable to recover. Worries about Italy and Germany are balanced by some risk-on mood. The technical picture is mixed for the pair. The EUR/USD is trading below 1.1400 but refraining from the cycle lows of 1.1335. Italy’s economy stagnated in the third quarter of 2018, worse than 0.1% […]

Emerging Markets: An Opportunity?

Oct 30, 2018 Jeremy Parkinson Finance 0

For a period of time this year, the U.S. equity market avoided the weakness that was occurring in many other equity markets around the world. October has certainly changed this though. As can be seen below, the S&P 500 Index is in correction territory now, i.e., down greater than 10% from its high at the […]

Futures Rally Fizzles After Trump China “Great Deal” Headline Sparks Algo Confusion

Oct 30, 2018 Jeremy Parkinson Finance 0

Yesterday’s violent reversal which saw the Dow tumble nearly 1000 points intraday from session highs on the Bloomberg report that Trump was preparing to unleash tariffs on all Chinese imports if upcoming talks with China’s president do not yield results, continued in the overnight session with headline scanning algos launching a global buying frenzy on […]

Gold Shines, While Silver Remains Tarnished

Oct 30, 2018 Jeremy Parkinson Finance 0

Whilst gold has found some much needed and welcome bullish momentum, the same cannot be said for silver, which failed to benefit from the recent flight to safe haven, one of the primary drivers for gold. For silver, the price action of the last two months has been condensed and contained within a very tight […]

Sensex Ends Day In Red; Energy Stocks Lead Losses

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a negative note. Sectoral indices traded mixed, with stocks in the energy sector and stocks in the banking sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 176 points (down 0.5%) and the NSE Nifty closed down […]

The U.S. Stock Market Is Very Volatile Right Now. What’s Next

Oct 30, 2018 Jeremy Parkinson Finance 0

The U.S. stock market has been very volatile recently, swinging up and down more than 1% each day. From September 2018 – present the S&P has fallen -10.8%, while from January – February 2018 the S&P fell -11.8% (using daily HIGH and LOW prices). So the magnitude of these 2 corrections has been very similar. […]

E Elliott Wave Analysis: LTC/USD Points Towards 40-30 Area; Maybe A Bounce This Year?

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

Litecoin is bearish as well as other cryptocurrencies and can be ending a five-wave drop within wave (C) of a higher degree. Equality measurement of waves I=V are targeting 40-30 area, so be aware of a bounce once price hits new lows below 50 region. However, LTC is bearish, while it’s below 100 region and […]