Author Archive: Jeremy Parkinson
Ripple Ready To Rock, Bitcoin Is Ok, Ethereum Is Not Looking Good
Cryptocurrencies are in the red after a week of gains. Bitcoin is taking a break and Ethereum is in deep trouble. But Ripple is well supported and may be ready for the next move up. After a week of rises, digital coins are struggling again. A natural correction is normal after a hectic week that […]
Weekly Technical Perspective On The Crude Oil Prices (WTI)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Crude oil has rallied more than 11% off the August lows with prices now approaching topside resistance targets. Here are the key targets & invalidation levels that matter on the Crude Oil weekly chart. CRUDE OIL […]
The Upside Of The Bearish Wedge
My Swing Trading Approach I reduced my long exposure yesterday, after hitting my stops in two of my trades, and adding one new additional trade. With the market gapping higher, I plan to play it cautious today and see whether the bulls can hold the gap up this morning. Indicators Volatility Index (VIX) – Popped 4.5% […]
Oversold Gold Likely To Continue The Upward Trend
In January, the XAU/USD pair was at 1,310. The price moved up to a YTD high of 1,366 and then started moving lower. In August, it reached a YTD low of 1,160 and then started to move up. Today, the XAU/USD pair reached a high of 1,200. At the same time, the dollar index started […]
BTC/USD Forex Signal – Tuesday, Sept. 25
Last Thursday’s signals gave losing trades at both $6,443 and $6,569 – both levels acted as resistance, but the trades did not advance far enough into profit to break even. However, I did take a bullish bias above the first resistance level. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm […]
Consumer Confidence Explodes To 18 Year High But Wage-Gain Hopes Fade
American consumers’ optimism about the short-term outlook improved considerably in September, with the Conference Board Consumer Confidence index soaring to 138.4 from 134.7 (smashing expectations of a dip to 132.1). “After a considerable improvement in August, Consumer Confidence increased further in September and hovers at an 18-year high,” said Lynn Franco, Director of Economic Indicators at […]
CAT Vs. Emerging Market
Shares of Caterpillar (CAT) have been an underperformer for most of 2018 due to slower sales growth outside of the United States. In recent weeks, this has not been the case. We have witnessed a big rotation into CAT as well as other Industrials as investors are looking to jump on laggards eyeing a rally. […]
FHFA House Price Index: Up 0.2 Percent In July
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for June. Here is the opening of the report: Washington, DC – U.S. house prices rose in July, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The […]
August 2018 Median Household Income Up 3.3% Year-Over-Year
from Sentier Research New data from the monthly Current Population Survey (CPS) indicate that median annual household income was $62,685 in August 2018. Median household income for August of this year was higher than for any other month since January 2000, but only 3.3 percent above the median for that month of $60,699 after adjusting […]
Jefferies Calls Amazon Undervalued, Says Shares Can Hit $3,000 By 2020
Jefferies analyst Brent Thill raised his price target for Amazon.com (AMZN) to $2,350 from $2,185 while publishing a 45-page deep dive on the company. A sum-of-the-parts analysis suggests greater than 50% upside to potential value of $3,000 by 2020, Thill tells investors in a research note. The stock closed yesterday up $19.35, or 1%, to […]
