Author Archive: Jeremy Parkinson
Nifty Hits Fresh Record High; Sensex Up Over 330 Points
After opening the day on a positive note, stock markets in India continued their momentum and went on to scale their record-high levels. Sectoral indices are trading on a positive note with stocks in the energy sector and capital goods sector witnessing maximum buying interest. The BSE Sensex is trading up 337 points (up 0.9%). The NSE Nifty hit a new record high of 11,560 […]
S&P 500 Rises As Turkey Concerns Offset By Improved Trade Deal Prospects, Earnings
The doldrums of summer are here, which perhaps explains why investor reaction to geopolitical news would seem to be the only thing really moving the needle for the S&P 500 in the third week of August 2018. After last week’s concerns over the risk of contagion from Turkey’s economic dilemmas began to be offset by a double […]
USD/CAD Potential Trend Line Retest
Source: Admiral Markets MT5 with MT5SE Add-on The USD/CAD has broken through the trend line and we might see a retest on a bullish retracement. 1.3094-1.3104 is the POC zone and fresh selling is expected if the price gets into the zone. Targets are 1.3049 and 1.3027. A break of 1.3025 should target the 1.2990 zone, but only if the […]
Stocks For You To Swing-Trade: FCX, WWE, EOG
Monday’s Swing-Trades: Long Advanced Micro Devices (AMD) Long World Wrestling Entertainment (WWE) Short EOG Resources (EOG)
Natural Gas Shows Rejection Signs At Major Resistance Area
Back in June when price was trading around $3 we were bearish looking for a decline towards $2.70-$2.60. #NG #NatGas false upward breakout??? all stops got hit and the party starts now…to the downside…. pic.twitter.com/CZaXbFGPcu — Alexandros Yfantis (@alexanderYf) June 18, 2018 Prices eventually fell… but in mid July I closed most of my short […]
The Stock Market Is Going Up. Separate The Signal From The Noise
There has been a lot of noise over the past week. “Turkish contagion”, “crashing commodity prices”, “weakness in emerging markets”, etc. As U.S. stock market investors and traders, our job is to separate the signal from the noise. As always, the economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s […]
EURUSD: Buyers Raised The Rate Above 1.14
Previous: On Friday, the 17th of August, trading on the euro closed up. The day turned out to be anything but calm. The movements were very impulsive. Volatility on the market was observed in the European and US sessions. The driver of the pair’s rise was the fall of the US dollar on the background of […]
S&P 500 And Nasdaq 100 Forecast – Monday, August 20
S&P 500 The S&P 500 has rallied again during the trading session on Friday, as traders celebrate the idea of the Chinese coming to the table. Because of this, we rallied again and filled the gap from earlier in the week. The question now is whether or not we can continue to go higher. I […]
USD/JPY Triangle Chart Pattern Determines Next Breakout
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave The USD/JPY broke the support trend lines (dotted blue) and could be moving lower as part of wave Y (pink) if the price manages to stay below the resistance (red) trend lines. A bearish continuation could be aiming for the -27.2% Fibonacci target. 1 hour Source: […]
Chinese Tightening Supports Growth At Indah Kiat Pulp & Paper
Background PT Indah Kiat Pulp & Paper Tbk is the largest manufacturer of paper pulp, paper and other paper-related products by sales in Indonesia and one of the largest in the world. It also produces industrial paper products, such as packaging paper and specialty paper. INKP is part of Asia Pulp & Paper, which is […]
