Author Archive: Jeremy Parkinson
Elliott Wave Technical Analysis: Netflix Inc. – Tuesday, Dec. 17
NFLX Elliott Wave Analysis Trading LoungeNetflix Inc., (NFLX) Daily ChartNFLX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3 of (5).DIRECTION: Upside within wave (5).DETAILS: Looking for upside into wave (5) towards Trading Level 1 at 1000$. We seem to be missing another larger pullback in wave 4 before resuming higher into ave 5 of (5).Netflix Inc., (NFLX) […]
U.S. Recession Probability Drops Below 50%
The probability a U.S. recession will someday be determined to have begun between December 2024 and December 2025 has dropped below 50%.This assessment is based on the yield curve-based recession forecasting model developed by Jonathan Wright in 2006. Going by this model, the odds of a U.S. recession in the next year dropped below the 50% threshold […]
So, What Country Wants To Be Like Germany Now?
Image Source: Pexels The collapse of Germany shocks many. But I have been discussing why this was inevitable for over a decade.Germany Is Unraveling Just When Europe Needs It MostBloomberg reports Germany Is Unraveling Just When Europe Needs It Most Germany is reaching a point of no return. Business leaders know it, the people in the country […]
USD/CAD Reaches Multi-Year Highs Near 1.4300 Amid The Canadian Political Crisis
The US Dollar keeps appreciating against the Canadian Dollar and trades right below 1.4300 for the first time in four years. Concerns about the negative impact of US tariffs on Canadian products and a political crisis in Canada are crushing the Canadian Dollar. Canada’s finance minister, Chrystia Freeland, resigned on Monday due to disagreements with the […]
US Dollar Ticks Higher Ahead Of Retail Sales Data As Markets Foresee Shallower Fed Easing Cycle
The US Dollar edges higher after US preliminary Services PMI data suggested the economy remained strong, boosting the Greenback. Traders gear up for US Retail Sales data as traders increasingly expect the Fed to reduce or pause its interest-rate-cutting cycle in 2025. The US Dollar Index (DXY) orbits around 107.00 and tries to move higher. […]
Broadcom Favors Bullish Sequence Towards $273
Broadcom Inc., (AVGO) designs, develops & supplies various semiconductor devices with focus on complex digital & mixed signal complementary metal oxide semiconductor. The company operates in two segments, Semiconductor Solutions & Infrastructure Software. It is based in Palo Alto, CA, comes under Technology Sector & trades as “AVGO” ticker at Nasdaq.AVGO is trading at all […]
Tesla Stock Price And Company Overview
Image Source: Pexels In this article, traders will learn about Tesla, Inc., focusing on key aspects that drive its stock performance and market positioning. We will explore the factors behind the company’s impressive stock growth, from its strong financials and business divisions to the role of innovation and market trends such as AI and autonomous vehicles. […]
New Record Highs For Cocoa, Bitcoin And Nasdaq 100. Who’s Next?
Cocoa returns above $12,000 for first time since April 2024 amid worsening West African crop Bitcoin surges above $107,000 following Trump’s national reserve comments Nasdaq jumps 1.45%, Alphabet, Tesla, Amazon gain Fed expected to cut rates on Wednesday 18 Cocoa surged beyond $12,000 per tonne, reaching its highest levels since April due to mounting concerns over West Africa’s mid-crop outlook. Dry conditions, […]
Daily Market Outlook – Tuesday, Dec. 17
Image Source: Pixabay Asian markets experienced mixed performance overnight, as investors await a series of interest rate decisions from central banks, including the Federal Reserve, scheduled for this week. Chinese equity markets showed modest gains. Reports suggest that Beijing aims to set a growth target of around 5% for the coming year, alongside increasing the budget […]
Stock Analysis: Bitcoin Well Inc.
Image Source: Pixabay Bitcoin Well Inc. (BCNWF) reported a solid Q3:24 led by strong growth at its Online Portal segment.As the adoption of cryptocurrency increases and more people want to participate in this asset class, we see a significant increase in the demand for Bitcoin Well’s (BTCW) products and services.(Read the PDF report in a full […]
