Author Archive: Jeremy Parkinson
USDCAD Weekly Analysis – Sunday, July 1
USDCAD broke below 1.3180 support, suggesting that the upside movement from 1.2526 had completed at 1.3385 already. A further decline would likely be seen in a couple of weeks and the next target would be at the 1.2850 area. Below this level it would aim the bottom of the price channel on the daily chart. […]
This Week In Stocks – July 1
Our analysis of the S&P 500 is for stocks to continue their move lower. We believe that the SPX is in the declining phase of its current market cycle. It will likely continue this move, with 2670 as as a conservative projection. A break below the 2677 level would be a break below where SPX […]
The Yield Curve Is Already Signaling A Slowdown
Throughout this expansion, I have had a sneaking suspicion that the yield curve (the difference in interest rates between short and long term bonds) would be the indicator most likely to fail. Originally that was because we are in a very non-inflationary period similar to that which prevailed between the 1920’s and 1950’s. After 1929, […]
Bitcoin At Crossroads: Flat Price Until The Start Of A New Trend
It was exactly 6 months since we caught the near blowoff top in Bitcoin. We did document this in our Bitcoin price forecast of $160,000, and we mentioned that a consolidation of 3-6 months was to be expected. We also caught the top in another article published on Dec 31. So far, Bitcoin has moved exactly in line with […]
AUD/USD Forecast July 2-6 – Aussie Up From The Abyss For Now
The Australian dollar hit a 13-month low but managed to end the week off the lows. What’s next? The rate decision and retail sales stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Australian dollar was sensitive to the global mood around trade. It dropped to 13-month lows as fears […]
Tech Stock Focus: Semiconductor Chart Shows Downside
The semiconductor stock index SMH has been in a downtrend. You’d think semiconductor stocks should have benefited from Intel’s (Nasdaq:INTC) strong pre-announcement. The decline is likely driven by trade war fears. Tech Stock Focus: SMH ETF Support Level $96 The chart above shows that key action over the last year formed a line of support around $96. The current […]
Forex Weekly Outlook July 2 – 6
Trade tensions between the US and other nations continued to hurt market sentiment as the US insisted on additional trade tariffs on imported goods from China, Canada, the European Union, and presently pushing allies to stop the importation of Iranian crude oil by November 4, leading to increased market uncertainty across both emerging and developed […]
Trading Support And Resistance – Sunday, July 1
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
EURUSD: Risk Remains Higher On Recovery
The EURUSD pair may have hesitated on Thursday but still looks to weaken further. On the upside, resistance comes in at 1.1750 level with a cut through here opening the door for more upside towards the 1.1800 level. Further up, resistance lies at the 1.1850 level where a break will expose the 1.1900 level. Conversely, support […]
Logical Invest Investment Outlook – July 2018
Our top 2018 investment strategies, year-to-date : The NASDAQ 100 strategy with +13.13% return. The 3x Universal Investment strategy with +3.03% return. The Universal Investment strategy with +0.72% return SPY, the S&P 500 ETF, returned +2.52%. Market comment: General investor sentiment is quite bearish. The most recent AAII Investor Sentiment survey shows only 28% of investors believe the markets will do well in the next […]
