Author Archive: Jeremy Parkinson
Can The Market Break The Highs?
My Swing Trading Approach While the last three days have been solid for the bulls, it is coming on fairly low volume overall. As a result, I may pause here and let the current positions do the work, while making sure that I don’t stack my portfolio with too many more positions, until the market […]
Head And Shoulders Top In Dollar Index
This Great Graphic depicts what appears to be a head and shoulders top in the hourly bar chart of the Dollar Index. The neckline is found near 96.00 and rotating the pattern along it produces a measuring objective near 95.00. The bearish pattern was formed in the last few days, and the Dollar Index was resting near […]
More Upside For AUD/USD As It Forms A Cup And Handle Pattern
The Australian dollar has dropped by more than 5% against the dollar. The drop is attributed to a hawkish Federal Reserve that is likely to raise rates by four times this year. The Australian economy has also suffered minor shocks this year especially with the falling commodity prices and a challenging housing market. Today, the […]
GBP/USD Has Brexit Barriers To Any Trump-Inspired Ascent
The GBP/USD is trading above 1.2800, pushed higher by a weak USD. Brexit talks resume and another impasse could weigh. The technical picture looks favorable for the pair. The GBP/USD is trading above 1.2800, the highest in around two weeks. US President Donald Trump criticized the Federal Reserve for raising interest rates and said he would continue […]
Kohl’s (KSS) Tops Q2 Earnings And Revenue Estimates
Kohl’s (KSS – Free Report) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that […]
Can Bonds Relax?
The only red on my screen this morning (and it’s down only the tiniest bit) is bonds. This is a market I watch terribly closely, because as I’ve said through most of 2018, the core shift I’m looking for is an increase in interest rates and an accompanying decrease in real estate valuations. Through the […]
Technically Speaking: 7-Measures Of Expected Returns
Last week, I discussed a recent article by Mark Hulbert on “8-Measures Say A Crash Is Coming.” In that article, we discussed the issue of valuation and forward returns specifically. To wit: “No matter, how many valuation measures I use, the message remains the same. From current valuation levels, the expected rate of return for investors over […]
Delta Air Lines Adds Routes, & Passengers
This week I’m seeking a high-yield and growing stock from the industrials sector. That sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between. Today I’m reviewing […]
DXY Index Enters Fourth Day Down, Threatens False Breakout
The US Dollar (via the DXY Index) is on pace for its fourth day of losses after US President Donald Trump poignantly criticized the Federal Reserve for its efforts to tighten monetary policy, while at the same time suggesting that both China and the EU are taking efforts to devalue the Yuan and the Euro, respectively. While […]
QQQ Bull-Fear Tug Of War Intact, But Bulls Face Waning Momentum
QQQ bulls faced channel resistance a month ago but defended channel support of different duration. They are, however, facing headwinds of waning momentum. The bull-bear tug of war continues on QQQ (Invesco QQQ Trust). On July 25, bulls were rejected at six-month channel resistance (Chart 1). There have been subtle signs of fatigue since. […]
