Author Archive: Jeremy Parkinson
The Bond Market Hits A Tipping Point: What That Means For Stocks
When we earlier discussed the unwillingness of institutional investors to return to the market even as retail investors swing from one mood extreme to another, we showed a chart showing the historical and seemingly relentless selling by virtually every investor class in the past decade, which left just one question for traders: when do the stock buybacks finally stop […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 19
WTI Crude Oil The WTI Crude Oil market rallied significantly during the trading session on Friday, gaining 1.77% by the time the futures markets closed. This shows that there is significant support based upon the trendline on the daily chart, and it has held true during Friday. It looks as if the market is going […]
The S&P 500 In The First Half Of March 2018
It has been a long week and a half since we closed out our month-long red zone forecast for the S&P 500. Since then, investors appear to have briefly flirted with focusing their forward-looking attention on 2018-Q2 in setting stock prices, but that didn’t last very long, where in the second full week of March 2018, they […]
GBP/USD Triangle Pattern Prepares For Critical Breakout
GBP/USD 4 hour The GBP/USD remains stuck in between support (blue) and resistance (red) and a breakout is needed to indicate the new direction. A bullish breakout above resistance (red) could spark the continuation of wave 5 (blue) within wave C (purple) whereas a bearish break could indicate a change in wave patterns and a […]
IOTA Only Winner Major Crypto Currencies As It Works On Taiwan Partnership
IOTA remained the solo winner across the cryptocurrency market over the weekend, as it saw a 6.74% gain on Sunday as calculated by CoinMarketCap. The gains come as Taiwan’s capital, Taipei, continues to work on a partnership IOTA Foundation to explore smart city solutions. We need to keep in mind that there is a big […]
Sentiment Snapshot: Bonds Bounded
In markets it’s important to be mindful of both the tides and the waves, and the latest weekly sentiment survey on Twitter provides some food for though on that statement in regards to the bond market. While equity “fundamentals” sentiment has been holding up well, bond market fundamentals sentiment has started to show some disagreement. And when […]
Stocks To Trade: MGM, DK, NYT
Monday’s stock picks: Long MGM Resorts (MGM) Long Delek US Holdings (DK) Short New York Times (NYT)
GBP: A Transition Deal In The EU Summit Can Send It Higher
The EU Summit starting on March 22nd may certainly be a market-moving event. A deal on the transition can have a significant impact. Here is the view from Bank of America Merrill Lynch. Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch Research discusses GBP/USD outlook and notes that could be a big […]
Warning! The Crypto Tax Man Cometh
Did you sell Bitcoin to diversify into Altcoins? If the answer is yes, please pay attention. According to the Internal Revenue Service, anything purchased using a digital currency is liable to be taxed as a capital gain. Do you have records when you bought and sold? Sold includes trading Bitcoin for Altcoins or vice versa. […]
Sensex Opens On A Flat Note; Metal & Energy Stocks In The Red
Asian stock markets are trading on a mixed note after it was reported that the Federal Reserve is likely to deliver a hike in US interest rates and perhaps signal that as many as three more lie in store for the rest of the year. The Nikkei 225 is down 0.89% while the Hang Seng is up 0.34%. The Shanghai […]
