Author Archive: Jeremy Parkinson
Housing Wipe-Out: No Bids Or Even Bidders At Numerous Australia Housing Auctions
The numbers of potential bidders in recent housing auction in Australia dropped to less than one. Most did not bid. It’s a Housing Wipe-Out in Australia. Bidders per auction: 0.7 – a very negative stat for the start of the Spring market. 10 auctions in Bayside: 3 bidders in total. 13 auctions in Stonnington and if you […]
USDCAD Daily Analysis – Wednesday, Sept. 5
USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.3250 area. Near-term support is at 1.3120, only a breakdown below this level could signal completion of the uptrend.
Sensex Trades Weak; Consumer Durables & Realty Stocks Drag
Stock markets in India fell in the afternoon trading session following losses in global markets and a weaker rupee. Losses are largely seen in consumer durables stocks and realty stocks. The BSE Sensex is trading down by 195 points and the NSE Nifty is trading down by 73 points. Meanwhile, the BSE Mid Cap index is trading down by 1.5% while, the BSE Small Cap index is trading […]
Internet Money
One of the most basic uses for cryptocurrencies and one of the most natural is the invention of “internet money.” The first instances of mass adoption for cryptocurrencies will likely be to compliment services that otherwise would not be able to maintain a self-sustained monetary ecosystem on their own. For example, the social network Steemit.com […]
Between Order And Chaos In The S&P 500
Since December 1991, the S&P 500 has gone through 10 distinct periods of order and chaos when measured against the index’ trailing year dividends per share…. Now for the latest trillion dollar question: Is the current trend, which we’re marking from April 2016 onward, made up of one period of order, or two? Better still, is the […]
Gold Looking Like “Dead Money”
The following is a summary of our interview with Louise Yamada of LY Advisors, which can be listened to on our site here or on iTunes here. Global slowdown concerns are picking up, says Yamada, and the nearly four-decade downtrend in falling interest rates is at an end. The implications for investors are important and Yamada recently shared […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, Sept. 5
S&P 500 The S&P 500 has been a complete mess during trading on Tuesday, as we simply have no directionality overall. This is a market that continues to be very difficult to short, but quite frankly buying is in helping your situation either. I think we need to pull back, and as a result, it’s […]
GBP/USD Testing Fibonacci Resistance Levels Of Wave-4
GBP/USD 4 hour Source: Admiral Markets MT5 with MT5 GBP/USD motive wave – 5 September 2018 at 5:00 AM GMT The GBP/USD is showing strong bearish momentum after completing an ABC zigzag within a wave 4 (purple) correction. The bearish breakout could indicate a restart of the downtrend within waves 5. Whether the price has completed a wave 3 […]
Markit Manufacturing PMI: Strong Growth In August
The August US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 54.7, down slightly from the 55.3 final July figure. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is an excerpt from Chris Williamson, Chief Business Economist at IHS Markit […]
Amazon Has Reached $1 Trillion. What’s Next?
Amazon’s market cap reached $1 trillion yesterday. As a result, its weekly and monthly RSI are extremely overbought. Here’s Amazon’s 14 weekly RSI Here’s Amazon’s 14 monthly RSI Is this a bearish sign for Amazon? Let’s see. Here’s what Amazon did next (historically) when its weekly RSI exceeded 85 (like today). Here are the historical […]
