November 2018 - Page 63 of 209 -

Does This Look Bullish To You?

Nov 19, 2018 Jeremy Parkinson Finance 0

Over the weekend, I saw so many bullish tweets. The authors of those tweets shared charts with fancy analysis techniques and facts about positive seasonality. They mainly used daily charts from several weeks ago. Also over the weekend, we at MarketGauge listed all the issues the market is currently having. A brief list: If the […]

Delirious Assets Getting Much-Deserved Drubbing

Nov 19, 2018 Jeremy Parkinson Finance 0

As cryptocurrencies continue to tank, this cycle’s most deliriously valued ‘FAANG” stocks also took another big whack today, as shown here courtesy of CNBC. Not surprisingly, as shown below, these much-loved and widely owned names have, so far, fallen more than 20% from their recent 52-week highs. If past mania cycles are prologue, these stocks might be […]

Market Talk – Monday, Nov 19

Nov 19, 2018 Jeremy Parkinson Finance 0

A quiet yet steady session for Asia as continued news of Sino-US trade talks probably hinder progress. What we continue to see recently though, has been the progressive move into the US Dollar. Again today the move fluctuates along with equity movement. The Hang Seng and Shanghai indices managed a near 1% return despite both […]

Long Term Investors Get Another Bite But Traders Under Pressure

Nov 19, 2018 Jeremy Parkinson Finance 0

A mixed bag of action. Long-term investors can look to the losses in the Russell 2000 and Nasdaq as another accumulation opportunity but if you bought Thursday’s bullish piercing pattern of the Nasdaq as a near-term trading opportunity you will likely have been stopped out – or feeling ready to flee. As a trading opportunity, the […]

Square Finally Meets Its 200-DMA

Nov 19, 2018 Jeremy Parkinson Finance 0

The payment and point-of-sale solutions company loved by small businesses, Square (SQ), did something today that it has not done in over two years and only done once before in the stock’s history: it closed below its 200-day moving average. Three years to the date of its IPO, SQ fell 10.74% today to drop to […]

RIP FANG

Nov 19, 2018 Jeremy Parkinson Finance 0

Most indices extended last week’s outlier exuberance in Chinese stocks, except tech/small cap-dominated CHINEXT dropped… European stocks saw selling from shortly after the opening bounce to all end lower led by DAX… (as automakers got hit across the board after Carlos “Gone”) It was all looking so hopeful at around 3amET as the […]

Crude Oil Prices Eye JODI Data, Gold May Fall On Fed-Speak

Nov 19, 2018 Jeremy Parkinson Finance, No picture 0

Crude oil prices edged higher for a third consecutive day Friday, extending a tepid recovery after the largest one-day drop in two years put the exclamation point on the longest run of consecutive losses on record. The bounce has been nominally linked to speculation about an OPEC-led production cut next year, although it isn’t clear that a correction would not […]

Is The Municipal Bond Market Sleepy?! Pension Doomsday?

Nov 19, 2018 Jeremy Parkinson Finance, No picture 0

Today’s municipal bond market is anything but “sleepy,” as Spencer Jakab characterized it in his Wall Street Journal article “Prophet of Muni Market Doom Wasn’t Wrong, Just Early” (10/26/2018). The Prophet of Doom he referred to was Meredith Whitney, who shortly before the financial crisis successfully predicted the damage to Citibank by bad mortgages. In 2010, on 60 Minutes, she contended […]

Stocks And Precious Metals Charts – Brexit And Trexist – US Land Of Delusions

Nov 19, 2018 Jeremy Parkinson Finance 0

Stocks were swooning today, perturbed by Brexit and Trexit: Britain’s proposed exit from the EU and the Sino-American Trade Dispute and disengagement from ‘free trade.’ Gold and silver were higher on a slightly weaker dollar. There will be a precious metals option expiration next Tuesday. This will be a holiday-shortened trading week due to the Thanksgiving holiday on […]