Author Archive: Jeremy Parkinson
Extreme FX Sentiment, Oversold RSI Signal Undermines GBP/USD Rebound
BRITISH POUND TALKING POINTS GBP/USD struggles to preserve the rebound from earlier this week as U.K. officials prepare for a no-deal Brexit, and the current environment keeps the downside targets on the radar as the Relative Strength Index (RSI) stubbornly holds in oversold territory. EXTREME FX SENTIMENT, OVERSOLD RSI SIGNAL UNDERMINES GBP/USD REBOUND GBP/USD appears to […]
Is Apple Still A Good Buy At $213/Share?
Earlier this month Apple became the first U.S. publicly traded company to reach 1 trillion dollars in market capitalization. The maker of the popular iPhone devices surprised some investors with its third-quarter earnings report. After the financials were released the company stock rose 4% in after-hours trading because Apple showed its EPS grew by 40% year over […]
Square Is On The Rise
For nearly a year now, mobile payments firm Square’s stock (NYSE: SQ) has been on the rise. Its recent financial results may not have been spectacular, but the usage metrics continue to impress the market, taking its stock to record highs. Square’s Financials For the recently reported second quarter, Square’s revenues grew 48% over the […]
When Central Banks DON’T Print
We all know, or we think we do, what happens when central banks print money. There are any number of historical images from which we can refresh our collective memory. Weimar Germany usually comes to mind, as does Venezuela or Zimbabwe in recent times. But what about the opposite? It sounds absurd. No government officials […]
USD/CAD Forecast Aug. 20-24 – CAD Weathering The US Dollar Storm For Now
Dollar/CAD was relatively stable amid the global storm triggered by Turkey. Hopes for a NAFTA deal continued underpinning the Canadian Dollar. What’s next? The retail sales report stands out. Here are the highlights and an updated technical analysis for USD/CAD. Turkey was the center of attention as the crisis there triggered fear of a wider slowdown in […]
Conference Board Leading Economic Index: Increased Growth In July
The latest Conference Board Leading Economic Index (LEI) for July increased to 110.7 from 110.0 in June. The Coincident Economic Index (CEI) came in at 104.2, up from 104.0 the previous month. The Conference Board LEI for the U.S. increased again in July, with positive contributions from all its components, except for weekly manufacturing hours which was […]
Gold And Gold Stocks Buy Or Sell?
A technical analysis of Gold and the Gold mining stocks. Video Length: 00:15:00
Back And Forth All Week
My Swing Trading Approach I didn’t pull the trigger on any new trades yesterday, as I wanted to hold out until today to see whether the market would provide us with the necessary follow through to the upside. I also booked some profits yesterday in one of my trades, as price action faded into the […]
Tesla Tumbles As Going Private Chaos Turns “Ominous”
In the aftermath of Musk’s bizarre, emotional tell all in the NYT, as Tesla’s “going private” chaos turns more “ominous”, and as the SEC continues to get even closer while new lawsuits for market manipulation are filed daily by disgusted shorts against Elon Musk, investors are taking a step back from Tesla stock which is […]
Turkish Stocks Still Declining
One factor behind Thursday’s rally in US equities was an apparent stabilization of the situation in Turkey. Not only had the lira rebounded off of its lows from earlier in the week, but the ETF that tracks Turkish stocks (TUR) also bounced more than 10% off of its lows. It doesn’t look like much, but […]
