Author Archive: Jeremy Parkinson
Broadcom Chart Shows Robust Price Action
After slumping severely in early July following news that it would acquire CA Technologies, Broadcom has sprung to life. The company is looking so strong that it may actually light a fire among other struggling semiconductor stocks. Last week’s powerful surge higher (following a very positive Q3 earnings report) was on very high volume; many […]
USD/JPY Eyes Monthly-Low As US Producer Price Index (PPI) Disappoints
JAPANESE YEN TALKING POINTS USD/JPY moves to the beat of its own drum in September, with the exchange rate pulling back ahead of the monthly-high (111.76), and dollar-yen may continue to consolidate ahead of the Federal Reserve interest rate decision on September 26 amid the mixed data prints coming out of the U.S. economy. USD/JPY EYES MONTHLY-LOW […]
82% Chance Of Precipitation
It’s another good morning. I’m delighted to see the overnight strength destroyed. The next big test is for the small caps, shown below by way of IWM. We need to penetrate the symmetric triangle below. Thrusting and releasing, thrusting and release. Satan is on your buttocks! Hurry.
5 Best Bargain Peg Stocks For Value Investors
The popularity of value investing is on the rise. The success of billionaire value investors like Warren Buffett further underscores the fact. Over the past five years, his conglomerate Berkshire Hathaway’s book value has grown at a compound annual rate of 11% (The Economist). Per a July Motley Fool article last year, over the past […]
EUR/USD: ECB May React To Growing Signs Of Weakness
Euro-zone growth may remain robust, but the engine is slowing down. The ECB may exercise its conditionality and prolong the exit. The EUR/USD may lose more ground on growing divergence. The euro-zone grew at a pace of 0.4% QoQ in Q1 and also in Q2 2018. Forecasts for the third quarter are positive, and the […]
Trade Fears Push AUD/USD To The Lowest Level Since 2016
The Australian dollar has been under pressure as its price has declined to the lowest level since 2016. The downward momentum continued in the Asian session today causing the pair to fall to a low of 0.7090. There are two main reasons for the continued weakening of the Aussie. First, the price of major commodities, […]
WTI Surge Continues On Crude Draw, Production Drop
Having pushed above $70 after last night’s API-reported crude draw, WTI is extending gains after DOE confirmed a sizable crude draw (though smaller than API) offset by large product builds (distillates), and helped by a production decline. API Crude -8.636mm (-1.75mm exp) – biggest draw since July 2018 Cushing +2.122mm (+900k exp) – biggest build since […]
Semiconductors: Bottom Of The Barrel
With the broader market (including Technology) at or right near all-time highs, it is pretty surprising just how weak the semis have been. Just yesterday, the S&P 500 Semiconductor and Equipment industry broke back below its 200-DMA, and it is sinking further today following negative comments from Goldman and Stifel. On a relative strength basis […]
Which 3 Stocks Are Insiders Buying Like Crazy?
As well as analysts, there’s another valuable source of investing inspiration out there. If we turn to Insider Stocks’ tool, we can delve into all the latest insider purchases. These are the stocks that insiders- be it company executives or 10% + shareowners- are snapping up right now. And the reason why this is so interesting […]
August 2018 Producer Price Final Demand Year-Over-Year Inflation Moderates
The Producer Price Index year-over-year inflation declined from 3.3 % to 2.8 %. Analyst Opinion of Producer Prices The Producer Price Index declined year-over-year. Food prices did moderate – but energy inflation rose. The decline in inflation was more than expected. Here is what the BLS said in part: The Producer Price Index for final […]
