Author Archive: Jeremy Parkinson
Keeping Up With The Cryptoshians
The unraveling continued overnight with the market leader Bitcoin… It still has a fairly solid shelf of support around $6,000. A clean break of that level would, I suspect, freak the HODLrs out, in spite of their moniker. As I glance around less “blue chip” crypto charts, I see heads and shoulders everywhere, suggesting much lower prices ahead. And another… Naturally, during […]
Billion Dollar Unicorns: HubSpot On A Growth Trajectory
A market research conducted last year expects the $34.3 billion MarTech market in the US and UK to grow 10% in 2018. While the market is dominated by players like Adobe Systems, Oracle, Salesforce, and IBM, there are other smaller Billion Dollar Unicorns like HubSpot (HUBS) that are making their presence felt. HubSpot’s Financials HubSpot (NYSE:HUBS) recently announced its […]
Jobless Claims In Full 1969 Mode
Jobless claims continued to amaze this week coming in at a level of 203K versus consensus expectations of 213K. At this level, first time claims haven’t been lower since December 1969. This week’s report also marks a record 183 straight weeks where claims have come in at or below 300K, the 48th straight week where […]
FANG Stocks & Nike Politics Now Impacting Stock Charts
A discussion on the FANG stocks, on Nike and their decisions to allow their left-leaning politics to influence their businesses.Is their strategy helping them to become more profitable or are they hurting their business? Video Length: 00:25:56
GBPJPY: Eyes Further Weakness. Targets 144.96 Zone
The cross recovered higher on Wednesday opening the door for more strength. On the downside, support comes in at the 143.50 level where a violation will aim at the 143.00 level. A break below here will target the 142.50 level followed by the 142.00 level. Conversely, resistance is seen at the 143.50 level followed by […]
Catalysis For A US Dollar Collapse & Gold Blastoff In Play?
Is it possible that the US Dollar could be creating a multi-year topping pattern, while Gold is creating a multi-year bottoming pattern? I would understand if the majority feels it is almost “impossible,” as the long-term trend for Gold is down and the long-term trend for King Dollar is up. This chart looks at Gold and the US Dollar […]
Contagion Risk Is Now Spreading, And The US Is Not Immune
As we noted yesterday, the global financial system is beginning to experience its first taste of “contagion” risk in years. US stocks remains clueless to this… but it’s doubtful that will continue. China (black line in chart below) has imploded and is in a full-blown bear market. The odds that the US stock market (blue […]
Experience Is The Only Cure
I recently penned an article which discussed the Fed and the risk of a monetary policy error in the future. This isn’t a possibility, it is a probability given that every Fed rate-hiking campaign in the past has led to a financial market-related event, recession, or worse. Of course, when you publish views on a regular basis […]
Weekly Unemployment Claims: Down 10K, Lowest In Over 48 Years
Here is the opening statement from the Department of Labor: In the week ending September 1, the advance figure for seasonally adjusted initial claims was 203,000, a decrease of 10,000 from the previous week’s unrevised level of 213,000. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The […]
Shouldering The Burden
After selling the fact that Tropical Storm Gordon did not do any major damage to oil facilities, the market now is seeing a US shoulder season that is still seeing very impressive refinery demand. While the oil market is being held back by worries and fears right now, the economic signals are backing up those […]
