Author Archive: Jeremy Parkinson
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 […]
Three Important Points About This Cannabis Stock Bull
I discuss three important points regarding trading cannabis stocks in this Stage 2 advance. I discuss risk/reward and how it applies to the 30-week moving average when using Stage Analysis. Video Length: 00:09:34
Excellent Profitable Growth At Thailand’s Largest Mobile Operator
Background Advanced Info Service Public Company Limited is a telecommunications company based in Thailand. It is the leading mobile operator in the country since 1990 with currently 48% of revenue market share. ADVANC offers mobile phone services, fixed broadband connection and digital content. Its mobile network covers 98% of Thailand’s population. Business Description ADVANC offers […]
Stocks For You To Swing-Trade: BB, GLW, DAN
Wednesday’s Swing-Trades: Long BlackBerry (BB) Long Corning (GLW) Short Dana Inc. (DAN)
GBP/USD Hugging The 1.2850 But Will Have To Make A Decision
The GBP/USD is looking for a new direction as markets await further news on Brexit negotiations. What’s next? The Technical Confluences Indicator shows that pound/dollar is trading just around the dense cluster around 1.2850 which includes the Fibonacci 38.2% one-month, the Simple Moving Average 100-15m, the SMA 100-4h, the 4h-low, the Fibonacci 61.8% one-day, the Pivot Point one-week Support 1, and […]
Gold Prices May Fall Further After Breaking Chart Support
Gold prices plunged as renewed worries about the impact of a Fed-driven rise in global borrowing costs weighed on emerging market assets and stoked broader risk aversion. That fueled haven demand for the US Dollar, pressuring the perennially anti-fiat yellow metal. The US unit and Treasury yields rose while gold suffered alongside the bellwether S&P 500 equities index […]
AUDUSD Daily Analysis – Wednesday,
AUDUSD broke below 0.7165 support, suggesting that the downside movement from 0.7381 has resumed. Further decline is still possible in the coming days and next target would be at 0.7100 area. Resistance is at 0.7235, only a break of this level could signal completion of the downtrend.
Sensex Opens Marginally Higher; Pharma Stocks Witness Buying
Asian shares are trading on a negative note today. The Nikkei 225 is down 0.35% while the Shanghai Composite is trading down by 0.93%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 34 points (up 0.1%) while the NSE Nifty is trading flat. The BSE Mid Cap index is trading down by 0.3%, while the BSE Small Cap […]
Tech Changes Margins And Renders Monetary Policy Useless
When investors first look at the CAPE ratio there is an incredible realization that it has a great track record of predicting long-term returns. You can see the 5 year IRR versus the 5-year CAPE in the chart below. Since the S&P 500 10-year CAPE is at 33.35, which is very high, long-term returns are projected […]
Rising Dollar Sends Gold Lower
Gold prices fell $9.66 an ounce on Tuesday as a rally in the U.S. dollar index curbed demand for the yellow metal. Global trade tensions and emerging market concerns were also bearish daily elements for the yellow metal. In economic news, the Institute of Supply Management said its manufacturing index rose to a reading of […]
