Author Archive: Jeremy Parkinson
Stocks Keep Melting Up, Topping Pattern?
The U.S. stock market indexes gained between 0.2% and 1.0% on Wednesday, as investors reacted to better-than-expected economic data releases. The S&P 500 index has reached yet another new record high at the level of 2,916.50. The Dow Jones Industrial Average gained just 0.2% and the technology Nasdaq Composite gained 1.0% yesterday. The nearest important level of […]
House Prices Continue To Rise, Exacerbating Unaffordability
Now that we have both the Case Shiller and FHFA house price reports for June, let’s take a look at how they fit in to the overall market, and in particular on housing affordability. To begin with, let me repeat the general formula for the housing market: interest rates lead sales sales lead prices prices […]
Sensex Ends Volatile Day Flat; Bank Stocks Top Losers
After opening the day in the red, share markets in India witnessed negative trading activity throughout the day and ended the day in the red. Sectoral indices ended the day mixed, with stocks in the banking sector and stocks in the auto sector leading the losses. At the closing bell, the BSE Sensex stood lower by 33 points and the NSE Nifty closed down […]
When The S&P 500 And VIX Share Trading Trajectory?
Remember the daily record advances in the S&P 500 back in January of this year. Remember the VIX rising alongside such advances as the RSI hit record levels during this time period. Investors enjoy or appreciate when the S&P 500 breaks out and to the upside with strength and breadth, as it did back then and […]
E Markets: Yellow Lights
There are plenty of reasons to pause in the bull run up in US equities today, but only if you think that a yellow light means stop rather than caution. The usual signals of trouble – like safe-havens gaining are in play – like CHF and JPY in FX gaining, with core bonds bid, with […]
Central Banks Enrich A Select Few At The Expense Of Many
The message unanimously churned out by politicians, central bankers, and ‘mainstream’ economists is that central banks are there for the ‘greater good’. They provide the economy with sufficient money and credit, and they fight inflation, thereby supporting output and employment growth. What is more, central banks, are supposedly in a position to effectively fend off […]
Lira Plummets After Turkish Central Bank Deputy Governor Quits
It was already an ugly day for the Turkish Lira, which earlier in the day accelerated its drop for the 4th consecutive session, sending the USDTRY to the highest level since August 14 when the currency crashed over the weekend to the lowest level on record. Today’s drop was initially precipitated after Erdogan said on […]
Gold Price Forecast 2019/2018: The Final Gold Bull Market Confirmation Is Very Close
We are getting very close to what I believe is the final confirmation of the coming multi-year gold bull market. Although it is very clear that gold is going higher from around these levels, a move pass the $1 375 area would be that final confirmation, based on the update of this previously shown comparison: I have […]
Morning Call For Thursday, August 30
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.17%) this morning are down -0.17% and European stocks are down -0.48%. Trade war concerns weighed on U.S. equity markets after President Trump accused China of undermining U.S. efforts to get North Korea to give up its nuclear weapons, which may further exacerbate trade tensions with China. The […]
BTC/USD Forex Signal – Thursday, August 30
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time, during the next 24-hour period only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of […]
