October 2024 - Page 154 of 244 -

India Is Plunging And It’s Spreading To The Rest Of The World

Oct 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The world’s major growth engine the past few years is showing more and worsening signs of finally cracking, including its currency hitting a record low. I’m not talking about the US, obviously, nor is it sickly China. India. If India has stumbled, too, as the rupee suggests, then there might be no escaping […]

Hard Or Soft?

Oct 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels A challenge in writing a weekly letter like this is that the economy never stops. Important data keeps accumulating, whether I write about it or not.A lot happened in the last four weeks: an FOMC meeting with major policy changes, a surprising jobs report, important shifts in the bond market and yield curve, […]

Analyst Forecasts XRP Bullish Breakout – A 1,000% Opportunity?

Oct 13, 2024 Jeremy Parkinson Finance 0

Image by WorldSpectrum from Pixabay XRP is currently testing a crucial resistance level that will shape its price action in the coming weeks. After the euphoria surrounding the Federal Reserve’s interest rate cuts in late September, the market is experiencing uncertainty and anxiety. While some investors remain optimistic, the recent price movements of XRP have led to a […]

PPI Adds This Spin To Equities

Oct 13, 2024 Jeremy Parkinson Finance 0

S&P 500 retreated in the pre-PPI uncertainty, offered a great swing entry point in the initial flush to 5,825 support, and then the UoM consumer data lent further support to the buyers – much to the satisfaction of my clients. The intraday ones benefits from my bullish focus on expected SPY and IWM (ES and […]

Weekly Technical Update: S&P 500 – Sunday, Oct. 13

Oct 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsIn this comprehensive video, I take a closer look at the S&P 500. I also discuss the possibility of an upcoming rally with the potential to break into new all-time highs.00:24:22More By This Author:Weekly Technical Update: Nasdaq 100 – Sunday, Oct. 13Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Oct 10Nasdaq 100 & S&P 500 […]

4 Permian-Focused Energy Stocks To Put In Your Watchlist

Oct 13, 2024 Jeremy Parkinson Finance 0

Image: BigstockThe Permian Basin remains a key driver of opportunity in the Oil/Energy sector. Its steady production growth, combined with operational efficiencies and strategic importance, may present a strong investment case.Companies with a focus on the Permian Basin, such as EOG Resources (EOG – Free Report), Diamondback Energy (FANG – Free Report), ExxonMobil (XOM – Free Report), and Chevron (CVX – Free Report), are well-positioned to deliver substantial value in the years ahead, making […]

Large-Cap Stocks In Trouble – Sunday, Oct. 13

Oct 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsOver the past 12 months, a group of 10 large-cap stocks have underperformed all others. Here’s an updated look at the top 10 worst performing large-caps, along with their one-year price returns. Note that these numbers are as of Oct. 9, 2024. Additionally, here’s what they look like in one chart:More By This Author:AT&T Inc.: Is It A […]

The S&P 500 And Nasdaq Are At A Big Turning Point

Oct 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Market Technicals Structurally, there hasn’t been much change in the stock market this week. The S&P 500 has continued to form a rising wedge pattern, which has been developing over the past few weeks.Additionally, volume levels in the S&P 500 futures are declining, which is a classic signal of a rising wedge pattern nearing its final […]

National Public Data Files For Bankruptcy Months After Data Breach Involving 3 Billion People Reported

Oct 13, 2024 Jeremy Parkinson Finance 0

Data brokerage National Public Data has filed for bankruptcy months after admitting that “hundreds of millions” of people were affected in one of the largest data breaches in history, according to The Register.The bankruptcy petition states: “The debtor is likely liable through the application of various state laws to notify and pay for credit monitoring for hundreds […]

Index Charts Of Note

Oct 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsOn the heels of a week slathered with lifetime highs, let’s review some important index charts.We will begin with the Nasdaq Composite, which has been on the cusp of breaking above its triangle pattern. Unlike the likes of the S&P 500, the Nasdaq is not at lifetime highs (those having been achieved three months ago), but it wouldn’t take much at […]