Author Archive: Jeremy Parkinson
Salesforce Buys MuleSoft For $6.5 Billion
According to a Zion Market Research report published last year, the global Applications Programming Interface (API) management market is estimated to grow from $609.32 million in 2016 to $ 3.44 billion by 2022. That translates to a healthy annual growth rate of more than 33% during the five year projection period. Billion Dollar Unicorn MuleSoft (NYSE: MULE) is […]
FAANG Stocks Highlight The Bull-Bear Tug Of War
Today’s 6-pack of stock charts takes another look at the market leading Technology sector. As I mentioned on Monday, the Nasdaq has formed two bearish divergences (one external and one internal) that investors should monitor. Today we transition to tech leadership: The FAANG stocks. They may provide more color for investors worried about tech. 3 of 5 […]
General Mills (GIS) Q3 Earnings Meet, Tanks On Slashed Views
General Mills, Inc. GIS delivered in-line earnings and revenues in the third quarter of fiscal 2018. Meanwhile, the food giant has lowered its fiscal 2018 profit outlook to reflect higher supply chain costs. Shares tanked more than 8% in pre-market trading after the earnings release. In-Line Earnings General Mills reported third-quarter fiscal 2018 adjusted earnings per share […]
After FOMC, Market’s Direction Will Be Clearer
My Swing Trading Approach I remain 100% cash for a second straight day. I would like to add some long or short positions, but I need the market to lead the way. Right now it isn’t doing that. Indicators VIX – It gave back its gains from the day prior, by declining 4.3%. T2108 (% of stocks […]
Morning Call For Wednesday, March 21
Overnight Markets and News Jun E-mini S&Ps (ESM18 -0.01%) this morning are down -0.01% and European stocks are down -0.04% as the markets await the FOMC’s first policy decision with Jerome Powell as Fed Chair. Losses were limited due to strength in energy stocks with May WTI crude oil (CLK18 +0.96%) up +0.93% at a […]
BTC/USD And BTC/JPY Forecast – Wednesday, March 21
BTC/USD Bitcoin markets pulled back slightly during the trading session on Tuesday but found enough buyers underneath to turn around and form a hammer. It now looks as if the market is going to make it go at higher pricing, but I believe that the $10,000 level will continue to be very resistive. I suspect […]
Treasury Snapshot: 10-Year Yield At 2.89%
Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Tuesday at 2.89% and the 30-year bond closed at 3.12%. The 2-10 yield spread is now at 0.55%. Here is a table showing the yields highs and lows and the FFR since 2007 as of Tuesday’s close. […]
DXY Index Trades Sideways Into March FOMC Meeting – What To Expect
Ahead of the March FOMC meeting concluding later today, Fed funds futures are pricing in a 100% chance of a rate hike – just as they have since the start of 2018. As has been the case when front month odds are at 100%, the direction of the US Dollar is not contingent on the Fed raising […]
Bring An Umbrella: Here’s How To Hedge 3 Near-Term Risks
There’s something tautological about maintaining a “pro-risk asset allocation” until “risks” to that view materialize. I mean, that’s kinda like saying “I’m maintaining my sunny day outlook until clouds start to show up.” That said, I guess it’s reasonable to remain some semblance of optimistic on risk assets in general and equities specifically given that […]
