Author Archive: Jeremy Parkinson
Gold’s Key Pop; Stocks’ Blow-off Top
‘It was the young year’s landmark week, the Dollar’s knees going weak: Gold’s Key Pop: Last year’s high of 1362? Gone, price trading up to 1365 in the 06:00 GMT hour on Thursday. For the run toward our “conservative” forecast high in 2018 of 1434, getting past last year’s peak is a first milestone, the […]
AbbVie – Chart Of The Day
The Chart of the Day belongs to AbbVie (ABBV).If found the pharmaceutical stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter issued a buy signal on 11/7 the stock gained 31.13% AbbVie is a global, […]
Goldman Sachs: 5 Hot Stocks Set To Outperform As Wages Rise
Goldman Sachs has just released a report highlighting key stocks set to beat the market as wages rise. These are stocks with particularly low labor costs right now as a proportion of their revenue. Already multiple companies have passed the new tax savings on to workers- including Starbucks, Home Depot and American Airlines- which should […]
USD/JPY Rate Eyes 2017 Low Ahead Of FOMC Meeting, NFP Report
Fundamental Forecast for Japanese Yen: Bullish USD/JPY extends the decline from earlier this month, with the pair at risk of testing the 2017-low (107.32) as the Federal Open Market Committee (FOMC) is widely expected to retain the current policy at its first meeting for 2018. The FOMC may merely attempt to buy more time as ‘some participants observed […]
Is The VIX/SPX Marriage Heading For The Splits?
“VIX, you got some ‘splainin to do. I am hearing and seeing a lot of ‘what the heck is going on with the VIX and VIX-leveraged ETFs in social media lately. What I am not seeing is a lot recognition for prudent institutional investing that has found this investor class taking advantage of deploying their […]
Another Chance At Market Bliss
The Crystal Ship, a classic by The Doors, begins with the line, “Before you slip into unconsciouness, I’d like to have another kiss…” Could you hear traders singing that line to the market as last week ended? In three-part harmony no less. We watched the indices and several key sectors and how their price moved around the standard […]
One Market Concept And The Elliott Wave Theory
The Elliott Wave Theory is a form of technical analysis that traders use to analyze the market and forecast the trend and we will explain how we use it for One Market Concept. The Theory was developed by Ralph Nelson Elliott, around 1930. The Theory is based on the idea that the Market advances in […]
Oddities In The Stock Market
This week the Dow Jones closed at new all-time highs every day except for Tuesday; the 96th to 99th since the November 2016 presidential election. Of January’s eighteen NYSE trading sessions, eleven of them closed with the Dow Jones at a new all-time high. The drama of this advance can’t properly be displayed on a […]
E Shrinking Household Debts Provides Further Evidence Of A Normalization Of The U.S. Economy
“Americans are richer than ever. According to latest flow of funds data from the Federal Reserve, households and non-profit organizations had a record net worth of $96.9 trillion at the end of the third quarter. Assets grew much faster than liabilities in Q3 thanks to the stock market rally and a buoyant housing market which […]
GBP/USD Forecast Jan. 29 – Feb. 2 2018
GBP/USD had an excellent week, playing catch up with its peers amid optimism about Brexit and a very weak US dollar. PMIs stand out as we turn the page into February. Here are the key events and an updated technical analysis for GBP/USD. A hint towards a softer Brexit by French President Emmanuel Macron and hopes […]
