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Palantir Technologies Up 200% YTD – Here’s How

Nov 25, 2023 Jeremy Parkinson Finance 0

While Palantir Technologies (NYSE: PLTR) works closely with the U.S. government supplying its software for intelligence analysis and data integration (government contracts still make up 55% of Palantir’s revenue), it has recently witnessed increasing demand from the private sector, growing 23% versus only 12% in government revenue. Its third-quarter earnings were extraordinary – and so is […]

US30 Analysis & US30 Week Ahead Forecast – Saturday, November 25

Nov 25, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Yiorgos Ntrahas on UnsplashUS30 did not stop this week at the resistance at 34972.40. The price made a breakout to the upside on Monday and confirmed on Tuesday. Tuesday’s bearish candle that did not return below 34972.40 was a confirmation of a bullish breakout that took the price to 35394.21 where the price […]

Looser Financial Conditions Are A Problem For The Fed

Nov 25, 2023 Jeremy Parkinson Finance, No picture 0

Market Review And UpdateWe hope that you and your families had a wonderful and blessed Thanksgiving with your families. We are also taking a much-needed break but wanted to provide you with an update on this week’s market action.Last week, we noted that:“Market rallies are common heading into year-end, and this rally is no different. […]

Dogecoin And Ethereum Steady As Institutional Activity Increase

Nov 25, 2023 Jeremy Parkinson Finance 0

The original dog-themed crypto, Dogecoin, witnessed amplified interest from institutional and dip-pocketed investors. DOGE’s massive uptick in transactions surpassing $100K in November confirms growing optimism, which has re-awaken dormant whales. Whales scoop DOGE in NovemberIntoTheBlock stats shows DOGE transactions worth over $100K soared significantly in November. Dogecoin price remained elevated in that timeframe, indicating surged optimism.Dogecoin’s current outlook highlights […]

Technical Market Report – Saturday, November 25

Nov 25, 2023 Jeremy Parkinson Finance, No picture 0

The good news is:The market had another good week. The NegativesThe market is overbought.All of the major indices are up close to 10% this November.The first chart covers the last 6 months showing the S&P 500 (SPX) in red and a 10% trend (19 day EMA) of NYSE new highs (NY NH) in green. Dashed vertical […]

Week Ahead: US PCE Deflator, EMU CPI, China PMI, OPEC+, And COP28

Nov 25, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Alexander Grey on UnsplashThe dollar fell against all the G10 currencies last week. The dollar-bloc currencies, sterling, and the Scandis led the move, appreciating by about 0.55%-1.40% against the US dollar. The dollar bloc and sterling recorded new highs for the month ahead of the weekend. Against the others, the dollar spent most […]

Who’s In Charge Here?

Nov 25, 2023 Jeremy Parkinson Finance 0

Artificial intelligence had a chaotic week.The board of directors at OpenAI, which created ChatGPT, fired its wunderkind CEO, Sam Altman. Then, Microsoft hired Altman, along with OpenAI’s president and co-founder, who had quit in solidarity (a bunch of employees threatened to quit, too). Then, OpenAI reinstated Altman as CEO. And now, the board is being […]

Coinbase Bullish

Nov 25, 2023 Jeremy Parkinson Finance 0

The news that Binance was paying a $4.3 billion fine and being banned from the U.S. was probably the greatest news Brian Armstrong of Coinbase had ever received in his life. COIN looks quite well-positioned here, with a prospective inverted H&S pattern almost complete. More By This Author:Utilities ForeverBitcoin Going To Blast? Miners Looking Bullish

Is Gold A Manipulated Market?

Nov 25, 2023 Jeremy Parkinson Finance 0

Some readers responded to last Wednesday’s post on gold’s trading pattern (Gold: Resistance Is … Finite) with shock that I didn’t know gold is a manipulated market where technicals don’t matter.This gives us a good jumping-off point for a look at several forms of gold manipulation that have been practiced over the years: Wall Street […]

USDX Weekly Technical Analysis – Saturday, November 25

Nov 25, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Nicholas Cappello on UnsplashUSDX is still losing value where the price reached the demand zone around 103.31 and then retracted back to 104.20 supply zone. From there the price was pushed back down and currently is heading again to the 103.31 demand zone. USDX has lost bullish strength from the 107.12 price level […]