Author Archive: Jeremy Parkinson
Morning Call For Tuesday, August 14
Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.35%) this morning are up +0.35% and European stocks are up +0.37% on a temporary respite from Turkey’s financial turmoil. The Turkish lira rose more than 5% against the dollar and Turkey’s 10-year government bond yield fell more than 100 bp to 21.46%. White House National Security Adviser […]
Reacting To The Buck
Extreme market action continues. What began earlier this week as a rout in the Turkish Lira has quickly spread throughout all markets and now it seems to be affecting the cryptos as well. All the major cryptos fell over the last 24 hours. Bitcoin managed to hold the most steady and Ethereum bore the brunt […]
E Hold On To Cash And Be Ready To Trade The Downside
On Monday, August 13, 2018, SPX was down -11.35 points to close at 2821.93; the Dow was down -125.44 points to close at 25,187.70; and the Nasdaq slid -19.5 points to close at 7819.71. The US markets held up much better than the Asian markets, where Hong Kong and Shanghai led the slide. Seemingly, the […]
Chart Of The Week: Cyclicals Vs. Defensives
Globally, we’ve been seeing a rotation between cyclicals vs. defensives, but there’s one market where we’ve yet to see this play out. For America, cyclicals have been a major source of strength, and that may not necessarily be a good thing.
Italy Warns That Stopping QE Will Lead To Collapse Of Eurozone
Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government bonds of the […]
Brief Respite But Little Relief
Corrective pressures grip the capital markets today, helped by the easing of the selling pressure on Turkey, but its more a respite than a relief as no new policy initiatives are behind the lira’s upticks. The implication of this is that it is unlikely to last. In fact, the dollar’s low in early Europe a […]
Sensex Up Over 240 Points; Rupee Touches Record Low
After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the IT sector, realty sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 242 points (up 0.6%) and the NSE Nifty is trading up 81 points (up […]
USDCAD Daily Analysis – Tuesday, August 14
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2961. As long as the price is above the trend line, the fall from 1.3170 could be treated as consolidation for the uptrend, and further rise towards 1.3250 is still possible after the consolidation. Only a clear break […]
Stocks Outlook – Tuesday, August 14
Thoughts VIX suggests that the stock market’s short-term bottom is near. Freight Transportation Services Index is trending higher. A medium-long term bullish sign for the stock market. Commercial and Industrial Loan Growth is trending higher, removing this bearish worry for the stock market. 1 am: VIX suggests that the stock market’s short-term bottom is near. VIX […]
Gold Stocks Are Not Too Oversold Yet
In recent days Gold has been more oversold than the gold stocks. Entering this week, the gold stocks were fresh off a major technical breakdown. An upside or downside break can lead to a market stretching beyond what typically qualifies as overbought or oversold. After Monday’s selloff, the gold stocks are hitting oversold levels but […]
