Author Archive: Jeremy Parkinson
Why You Should Always Look At 3 Times Frames And Charts When Trading
Traders and investors tend to look at a lot of different trading time frames and charts. Some will use intraday charts (hourly, 4 hour, 30 minutes, etc), most will use daily charts, some will use weekly charts, and a few will use monthly charts. Different charts tell you different things. Longer term charts like weekly […]
Takeda Confirms Takeover Offer For Shire Under Consideration
Takeda Pharmaceutical (TKPYY) overnight confirmed that it is considering making an approach to Shire (SHPG) regarding a possible offer for the company. “Takeda’s consideration of such an offer is at a preliminary and exploratory stage and no approach has been made to the Board of Shire. There can be no certainty that an approach if […]
BlackBerry Earnings Results For Q4 F2018 Boost Stock
BlackBerry Ltd (NYSE: BB) released its Q4 2018 earnings results before opening bell this morning. On a non-GAAP basis, BlackBerry earnings amounted to 5 cents per share on $233 million in GAAP revenue or $239 million in non-GAAP revenue. Analysts had been looking for adjusted earnings of 1 cent per share on $196.2 million in GAAP […]
‘Rates < HY < IG < Equity': Hierarchy Of Vulnerability Revisited
Last Friday, Deutsche Bank’s Aleksandar Kocic laid out what he calls the “Hierarchy Of Vulnerability” for markets “at the intersection of politics and policy.” Over the past several weeks, ongoing turmoil at the White House has collided with and exacerbated geopolitical and economic policy uncertainty, with the former manifesting itself in the decision to replace H.R. McMaster with […]
U.S. Net Petroleum Imports Plunging Toward Zero
In 2006, following 35 years of declining U.S. oil production, net monthly imports of crude oil and finished products had climbed to more than 13 million barrels per day (BPD). What’s happened since is nothing short of amazing. Last week, the Energy Information Administration (EIA) reported that U.S. crude oil production had reached 10.38 million BPD. This represents […]
Sensex Drops 200 Points; IDBI Bank Down 5% After Fraud
After opening the day in red share markets in India witnessed negative trading activity throughout the day and ended the day below the dotted line. Sectoral indices too ended the day in red, with stocks in the pharma sector and stocks in the metal sector leading the losses. At the closing bell, the BSE Sensex stood lower by 206 points (down 0.6%) and […]
Tech Trouble
Oil ran into tech trouble as the U.S. tech sector is under fire leading to a sell-off in stocks against a backdrop of rising oil inventory. The Data breach scandal at Facebook is only one of many quick rising problems for the many tech firms and I am sure somewhere the Winklevoss twins are smiling. […]
E Crude Oil Stopping For A Correction; Support Is At 64.05 Level
Crude oil is unfolding a nice and strong recovery from the 60.14 level where corrective wave 2 found a base. That said this recovery we labelled as wave 3, which is usually the strongest, sharpest and steepest wave, which also looks to have found a top near the 67.00 region (area of the upper channel line, […]
Morning Call: Equities Mostly Lower As Weakness In Technology Stocks Spreads Across The Globe
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.29%) this morning are up +0.05% and European stocks are down -0.68% as weakness in technology stocks drags down global stock indexes. Weakness in energy stocks is another negative for the overall market with May WTI crude oil (CLK18 -0.57%) down -0.67% on concern a global supply glut may […]
S&P 500-Historical Resistance Causing Big Changes
The Power of the Pattern believes that two of the most important emotional highs and lows over the past 11-years are the highs in 2007 and the lows in 2009. We applied Fibonacci to the 2007 highs/2009 lows at each (1). The 261% Fibonacci extension level came into play at (2) at the 285 level. Numerous streaks and […]
