Author Archive: Jeremy Parkinson
Orexigen Files For Chapter 11 Bankruptcy
Orexigen Therapeutics (OREX) announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Orexigen also intends to file a motion seeking authorization to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. The […]
Apple; Multi-Year Breakout Attempt In Play
Apple has been rather strong of late. Over the past 30-days, it has rallied over 12%. This gain was twice that of the S&P 500 during the same time frame and nearly 25% more than the NDX 100. This past week, Apple closed at all-time weekly closing highs. A breakout test is in play in […]
Morning Call For Monday, March 12
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM18 +0.27%) this morning are up +0.33% at a 1-1/4 month high on positive carry-over from last Friday’s stronger-than-expected U.S. Fed jobs report. European stocks are up +0.52% at a 1-1/2 week high on gains in U.S. stocks along with upbeat comments from ECB Executive Board member Coeure who […]
Gold – Monday, March 12
Gold still consolidating its recent gains. We are waiting an exit from the range soon. Source: INVESTING.com
EUR/USD, GBP/USD Complete ABC Zigzag Within Wave 2
EUR/USD 4 hour The EUR/USD is staying in between support (green/blue) and resistance (red) levels, which is building a larger consolidation zone. The breakout above or below these S&R levels will determine the next direction and whether price will start an uptrend or downtrend. 1 hour The EUR/USD seems to have completed an ABC zigzag […]
US Stocks And REITs Top Last Week’s Winner’s List
Equities and real estate investment trusts (REITs) led most markets higher last week. Rebounding after a weak start to this month’s trading, nearly all the major asset classes posted gains in the first full week of March, based on a set of exchange-traded products. US stocks took the lead over the five trading days through Mar. 9. […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 12
WTI Crude Oil The WTI Crude Oil market exploded to the upside, gaining 3% on Friday as the jobs number came out much stronger than anticipated. Ultimately, there is a significant amount of resistance above though, as the shooting star has shown signs of exhaustion a week ago. I think that the market should roll […]
The Beauty Of Divergence
Please note: All data, figures & data are valid as of March 12th. All trading carries risk. Only risk capital you can afford to lose. Traditional Markets Everyone was expecting a strong jobs report on Friday, but the actual numbers that came out were extraordinary. The markets flew!! The expectation was for a bit more than […]
Global Markets Rally, S&P Back Over 2,800 On “Goldilocks” Mood Ahead Of Treasury Deluge
The “goldilocks” mood that was unleashed after Friday’s jobs report (high growth, low inflation) has spread around the globe, sending Asian and European markets higher as trade-war concerns took a back seat to economic optimism. The dollar slipped and Treasuries held steady even as the US Treasury prepares to sell $145 billion in debt today (including […]
