Author Archive: Jeremy Parkinson
Stocks For You To Swing-Trade: HDP, TLRD, CVX
Monday’s Swing-Trades: Long Hortonworks (HDP) Long Tailored Brands (TLRD) Short Chevron (CVX)
S&P 500 And Nasdaq 100 Forecast – Monday, August 27
S&P 500 The S&P 500 rallied significantly during the trading session on Friday, pressing the all-time highs. The market looks look ready to go higher, but at this point, I think it would be prudent to wait for a short-term pullback to take advantage of value, unless of course, we can clear the 2880 handle, […]
Jackson Hole Meet; Depreciating Rupee; Top Stocks In Focus Today
On Friday, Indian share markets settled marginally lower on Friday weighed by financials and consumer stocks amid caution in global markets. The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty 50 index settled at 11,557, down 26 points. Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5% and 2%, respectively. The Indian […]
E Market Briefing For Monday, Aug. 27
Movers and shakers continue influencing the political world; but little is traumatizing the financial markets; as the S&P treats everything from the speech of Chairman Powell to revelations by Trump Organization’s CFO or NY State litigation, as ‘favorable news’; apparently whether it is or isn’t. So it is for the vacillating reports about ‘trade talks with China’, or […]
Men Who Wear Hats
Here’s a photograph Margaret Bourke-White took of the Garment District in 1930. Every single person on the street is wearing a hat. What do Tesla, crypto, and men-who-wear-hats all have in common? They’re all driven by fashion, which is another word for the Common Knowledge game. People get angry with me when they ask my […]
Forex Forecast: Pairs In Focus – Sunday, August 26
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Tesla: Seriously, Musk, Who Cares About The Shorts
Congrats to Elon Musk and Tesla shareholders for the late Friday decision to stay public. We’ve mentioned our $1000+ 12 month price target. That’s based on using a 50X PE on 2019 earnings numbers considering Tesla starts going profitable in Q3 and/or Q4. It sounded like this whole going-private idea was somewhat emotionally charged to avoid the shorts. Who cares about […]
Chart: Weekly Global Trade Indicators
Global trade growth has been something we’ve picked really well both going into the global trade recession in 2015/16 and the subsequent recovery and acceleration in 2016/17. It has helped raise conviction on risk management calls around commodities and emerging markets, and getting more aggressive on the growth vs defensive asset allocation (respectively). So it’s worth highlighting […]
Weekly Market Outlook – Momentum Wins Again, But Again, It’s Flimsy Momentum
It was touch and go for the better part of the week, but against just the right backdrop of news and with just the right amount of FOMO (fear of missing out), the bulls were willing to plow into stocks late in the last trading day of the week. The S&P 500 even managed […]
EURUSD Weekly Analysis – Sunday, August 26
EURUSD broke above 1.1550 resistance, suggesting that consolidation for the downside movement from 1.2555 is underway. Near term resistance is at the top trend line of the price channel on the daily chart. As long as the channel resistance holds, the downtrend could be expected to resume and another fall towards 1.1000 is still possible […]
