Author Archive: Jeremy Parkinson
FireEye In Focus As Cisco, Symantec Watch Turnaround
Shares of FireEye (FEYE) are in focus amid rumors rival Symantec (SYMC) and Cisco (CSCO) are watching the company closely during its turnaround. TECH FIRMS WATCH TURNAROUND: The progress of FireEye CEO Kevin Mandia in turning around the company is likely being watched by rival security firms like Symantec as well as big tech companies […]
USD/JPY Bearish Sequence Remains Intact Ahead Of FOMC Meeting
USD/JPY BEARISH SEQUENCE REMAINS INTACT AHEAD OF FEDERAL OPEN MARKET COMMITTEE (FOMC) MEETING USD/JPY remains under pressure even as the U. of Michigan Confidence survey unexpectedly climbs to 102.0 from 99.7 in February, and the near-term rebound may continue to unravel ahead of the Federal Open Market Committee (FOMC) meeting as the pair extends the […]
Crude Oil – Who Wants The Triangle?
On Thursday crude oil wavered between small gains and losses, but finished the day only 23 cents above Wednesday closing price. Such small daily changes that we observe recently don’t look too encouraging for oil bulls or for the bears. However, to dispel boredom, we rummaged deeper in the charts and we found something that […]
ECRI Weekly Leading Index Update – Friday, March 16
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 149.7, up 0.4 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.14%, down from 3.36% last week. The WLI Growth indicator is now at 5.6, down from the previous week. “Up […]
Bitcoin Review – Friday, March 16
Over the last 24 hours, bitcoin’s price has stabilized around the 8,000 USD mark. I reckon that bitcoin’s decline slowed down as it approached the psychological support range of 5,000 – 7,500 USD, which I believe is bitcoin’s most fundamentally reasonable price. Judging by chart analysis, nothing radical has happened on the BTC/USD pair in […]
Buy These 3 Top Energy Stocks With Rock-Solid Dividends
Crude supply has been normalizing, which has pushed the price of WTI and Brent to new three-year highs. More importantly, most companies are now able to cover their investment and payouts with cash from operations — something investors really want right now. In fact, riding on improving commodity prices, stronger production outlook and healthier cash […]
How Much Longer Can We Get Away With It?
Alas, fakery isn’t actually a solution to fiscal/financial crisis.. This chart of “debt securities and loans”–i.e. total debt in the U.S. economy–is also a chart of the creation and distribution of new money, as the issuance of new debt is the mechanism in our financial system for creating (or “emitting” in economic jargon) new currency: when […]
Weekly Review: Inflation And Politics Dominate The Markets
This week, politics in the United States and in Europe dominated the markets. In the UK, Theresa May’s government entered into a conflict with Russia following the poisoning of a former Russian spy. Theresa and the West believe that Russia’s government is responsible for the assassination. As a result, the country expelled Russian diplomats and […]
Weakening Internals
The S&P 500 is starting the trading day just barely above its 50-day moving average, but the percentage of stocks in the index trading above their 50-DMAs is only at 43%. Also, as shown in the second chart below, there are now more stocks oversold (22.6%) than overbought (21%). Both of these readings on breadth […]
Bearish Tone Continues For Eurodollar
Just a quick follow up to my recent eurodollar post where I highlighted that a confluence of technical signals on the daily chart were likely to cause problems for the pair. This has indeed transpired with yesterday’s failure to take out the R4 Camarilla level at 1.2386 has seen the pair slide down to 1.2275 […]
