Stocks For You To Swing-Trade: WMT, SUM, PXD
Aug 29, 2018
Jeremy Parkinson
Finance
Wednesday’s Swing-Trades: Long Walmart (WMT) Long Summit Materials (SUM) Short Pioneer Natural Resources (PXD)
S&P 500 And Nasdaq 100 Forecast – Wednesday, August 29
Aug 29, 2018
Jeremy Parkinson
Finance
S&P 500 The S&P 500 couldn’t decide what to do on Tuesday, as it initially tried to rally but then gave back all of the gains to form a bit of a shooting star. By doing so, it looks as if we may need to pullback to build up momentum to continue the overall uptrend. […]
Indian Indices Open Marginally Higher; Metal Stocks Witness Buying
Aug 29, 2018
Jeremy Parkinson
Finance, No picture
Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.5% while the Hang Seng is up 0.2%. On the other hand, the Shanghai Composite is trading down by 0.35%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 71 points (up 0.2%) while the NSE Nifty is trading up by 13 points (up […]
Scalping Tips, Backtesting & Options Plays
Aug 29, 2018
Jeremy Parkinson
Finance, No picture
Video Length: 00:43:45 Today, we take a look at some scalping tips for when the market opens Wednesday, and discuss some brief thoughts on backtesting. Then we go deep into an options play on Skechers (SKX) while we do some early preparation for October earnings.
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Market Briefing For Wednesday, Aug. 29
Aug 29, 2018
Jeremy Parkinson
Finance
Stocks are ‘hanging fire’ in hopes that Canada will compromise with at least a few US wishes, and make a deal that’s compatible with what teams of US and Mexican negotiators already agreed to. I have a suspicion they already have a basis for falling-into-line, and that the US/Mexico deal isn’t a bluff to pull […]
10 Startups To Watch In 2018
Aug 29, 2018
Jeremy Parkinson
Finance, No picture
“Because they are the job creators and innovators of the future.” is why Richard Branson, the founder of Virgin Group, invests in startup businesses. Learning about investment trends and the economic and financial climate is a good stepping stone towards making a good investment. And what makes a startup development business a worthwhile investment are the passion, determination, and drive […]
September Nat Gas Got Pinned To $2.85
Aug 28, 2018
Jeremy Parkinson
Finance
The entire natural gas strip was led lower today, with the September contract settling down a bit less than a percent. Today was its options expiry, with traders pinning the contract right around the $2.85 level into the expiry. Lingering cash strength again helped keep the September contract from seeing the worst losses as the […]
Kiwi Concerns
Aug 28, 2018
Jeremy Parkinson
Finance
· Premise: If key correlations, albeit loose, but not likely spurious, remain intact, and we finally get a nasty correction lower in global stocks, the New Zealand dollar could get clobbered. The chart below compares NZD/USD to the 2-year yield spread between New Zealand and the US, which has collapsed from over 5% back in 2009 […]
The Dish: 12 Short Ideas
Aug 28, 2018
Jeremy Parkinson
Finance
Near where I live is a large astronomical radio at Stanford referred to as “The Dish”. It’s a very popular destination for hikers and joggers. Although I think it hasn’t been used in many years, it’s an important landmark around these parts. The “dish” far more on my mind is the one exhibited by just […]
Tuesday Gold Report
Aug 28, 2018
Jeremy Parkinson
Finance
Buyers came to rescue as the Dollar breached the June/July support line. This corresponded with gold attacking key resistance at $1220. The Dollar reversed, and Gold rolled over. Technically speaking, the dollar hasn’t declined far enough to support a cycle low. Today’s reversal was likely trend chasers buying support expecting a turnaround. I’m hesitant to […]