Author Archive: Jeremy Parkinson
Pre-Market Acts As If It Wants To Bounce
My Swing Trading Approach I am 100% cash at the moment, but will give the market some time this morning to determine the direction it wants to take. I will follow the trend of the market today and trade accordingly, while keeping my exposure small for now. Indicators VIX – Lost about half of its gains […]
The Distribution And Redistribution Of U.S. Income
The Congressional Budget Office has published the latest version of its occasional report on “The Distribution of Household Income, 2014” (March 2018). It’s an OK place to start for a fact-based discussion of the subject. Here is one figure in particular that caught my eye. The vertical axis of the figure is a Gini coefficient, which is […]
Morning Call For Tuesday, March 20
Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.15%) this morning are up +0.06% as a +1.03% rally in May WTI crude oil (CLK18 +1.30%) lifts energy stocks. Pressure remains on technology stocks, though, following Monday’s sell-off with Oracle down 8% in pre-market trading after it reported Q3 cloud revenue that missed estimates. Also, trade […]
Delete Facebook
The global stock market sell-off continued yesterday and bearing the brunt of it were shares in the world’s largest social network. Facebook fell a whopping 6.77% during yesterdays session after it was revealed that a massive data breach allowed Cambridge Analytica to harvest the personal information of 50 million users without their permission and use it in the […]
Washington Post Warns China May End Currency Manipulation In Retaliation Against Trump’s Tariffs
Yes, things could really nasty. In discussing the ways in which China might retaliate against tariffs, the Post told readers: “China is also the largest foreign holder of U.S. government debt. It holds $1.17 trillion of U.S. Treasury securities, down about $33.5 billion since last August. The U.S. government faces huge borrowing needs, not only to finance new […]
GBP/USD Bullish Third Wave Breaks Above Key Resistance
GBP/USD 4 hour The GBP/USD made a critical bullish breakout above the key resistance (red) trend line, which could spark the continuation of wave 5 (blue) within wave C (purple). Price is now building a series of higher highs and lows, which is confirming the uptrend. 1 hour The GBP/USD breakout is probably a wave […]
DXY Index Coiling Ahead Of FOMC Meeting Tomorrow
Video Length: 00:06:31 After what proved to be a volatile January and February, March has been anything but, for the US Dollar. Since the DXY Index set the daily bearish key reversal on March 1, price action has been contained between 89.43 and 90.38 over the past nearly three weeks. Now that we’re within the […]
Cable Waits On FOMC & BoE
An important week of fundamental data for the British pound kicked off with some Brexit news, and the outline of what is likely to happen during the transition period before the UK’s exit from the European Union. This announcement was enough to send the British pound sharply higher, and whilst today’s below forecast inflation data, […]
US Q1 GDP Growth Expected To Match Q4’s Modest Gain
US economic growth in the first quarter will match the modest pace reported in last year’s Q4, according to estimates compiled by The Capital Spectator. The median Q1 forecast points to a 2.5% increase in output, the gain reported for 2017’s final three months, according to the Bureau of Economic Analysis. The median 2.5% estimate for […]
Is The Nasdaq Market Ride Over? Watch Those Divergences
The latest leg higher in the bull market (off the 2016 lows) has been lead by the Technology sector and Nasdaq Composite. FANG stocks (Facebook, Amazon, Netflix, Google) have given the Nasdaq an extra burst of momentum, helping to create a self-fulfilling ride higher… but that’s also given rise to the everyday investor idea that the ride will last […]
