Author Archive: Jeremy Parkinson
Japan Attempting 22-Year Breakout
While stock indices in Asia and Emerging markets have been very weak this year, Japan is reflecting relative strength compared to them (down a good deal less). This chart looks at the Nikkei 225 index over the past 30-years on a monthly basis. At this time the Nikkei index is attempting to break above its 1996 highs and […]
Chicago Fed: Moderate Growth In July
“Index points to a moderation in economic growth in July.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: “Led by slower growth in production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.13 in July from +0.48 in […]
Bitcoin Daily Forecast – Monday, August 27
BTC/USD Bitcoin rallied during trading on Friday to close out the week, gaining a little over 2.5% by the time I sat down to write this. However, we are still in the same consolidation that we have been in for what seems like forever, as I am almost positive $7000 will bring in fresh selling. […]
Curacao, Sint Maarten Consider Digital Currencies, Ink Deal With Bitt Inc.
The island nations of Curacao and Sint Maarten reportedly want to explore the issuance of digital currencies after CBCS, the central bank of the two countries announced that it had partnered with Bitt, a blockchain technology firm to explore the benefits cryptocurrencies would present. Rawdon Adams, the chief executive of Bitt, recommended the idea insisting […]
Most Asset Classes Posted Gains Last Week
Gains in nearly every corner of global markets generated a broad tailwind for the major asset classes last week, based on a set of exchange-traded products. With the exception of US real estate investment trusts (REITs), buyers bid up prices across the board. Stocks in emerging markets led last week’s rally. Vanguard FTSE Emerging Markets (VWO) jumped […]
E Markets: Mr. Wolf
The markets rallied after FOMC Chair Powell comments Friday and the bulls continue to run today in equities. There is an LSD feel to today – Last Summer Day – as it’s the UK August Bank Holiday and many trading desks are slowly repopulating. The review of the summer will come later but for now […]
Long And Short Of Short Interest – Monday, August 27
Here is a brief review of period-over-period change in short interest in the August 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB ($59.13) mid-August once again successfully tested support at $57. As if anticipating this, shorts cut back big. Short interest fell 25 percent p/p to under 10 million. This virtually negates […]
Relief In Weakness
We can’t just dismiss history every time something new is invented. The development of crypto-assets makes possible something that’s never been seen before, programmable money. The applications of this are limited only to the human imagination. However, as investors, we much continue to closely watch what’s happening in the other markets in order to understand […]
Is Nikkei Preparing For Huge Breakout?
Today we take a look at Nikkei which is close to breaking a triangle formation to the upside. If Nikkei manages to recapture 22800-23k and stay above it, I expect that this rise will be explosive towards 24300 or higher. Short-term support is at 22400. If we break below this level then the break out […]
A Dog Day Of Summer
Last week’s dollar losses were initially extended in Asia before it came back bid. The euro briefly poked through $1.1650 for the first time in three weeks. However, the gains were sold into, and the euro finished the Asian session near $1.16, where there is a 782 mln euro option expiring, and 2.4 bln euros […]
