Author Archive: Jeremy Parkinson
Decelerating Growth Trend For Median New Home Sale Prices
The growth of median new home sale prices in the United States has decelerated somewhat in the first months of 2018, repeating a pattern that we last back in early 2017. Overall, the most recent trend for the trailing twelve month average of median new home sale prices, which has been in place since September […]
Gold Heads Back To $1261
Gold prices dropped $4.79 an ounce on Monday as a general sell-off in the raw commodity sector weighed on the market. XAU/USD initially headed higher and tested the resistance in the $1270-$1272.56 area as expected, but it was unable to break through. An escalating trade dispute between the U.S. and China continues to pressure world […]
GBP/USD Bullish Pullback Approaches 1.34 Resistance Zone
GBP/USD 4 hour The GBP/USD showed a strong rally after reaching 1.31 support. Will price continue the bullish correction or will the downtrend emerge as the winner? For the moment a larger move up seems likely, at least towards the 23.6% Fib at 1.34. This is a major decision zone because a bullish breakout could […]
Stocks For You To Trade: WTW, WMT, ETFC
Tuesday’s Swing-Trades: Long Weight Watchers (WTW) Long Walmart (WMT) Short E*Trade Financial (ETFC)
USDCAD Daily Analysis – Tuesday, June 26
USDCAD remains in the uptrend from 1.2856, the fall from 1.3381 is likely consolidation for the uptrend. Key support is at 1.3259, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3450 area. On the downside, a breakdown below 1.3259 support would indicate that the […]
Stocks Outlook – Tuesday, June 26
Thoughts A disastrous trade war is unlikely because China doesn’t have a lot of options. New Home Sales are still trending higher. A medium-long term bullish factor for the stock market. The stock market’s short-term downside is limited. VIX has come close to closing above its upper Bollinger Band. 1 am: A disastrous trade war […]
Physical Gold Is Moving Steadily From West To East
Physical gold is moving from West to East. New York has become a highly leveraged, largely ‘paper trading’ market, whereas ‘the New Silk Road’ is the center of physical gold accumulation. This may resolve via a major short squeeze on paper claims unable to be fulfilled by physical gold at anywhere near today’s prices.
Sensex Opens Flat; Power & Automobile Stocks Lose
Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.5% while the Hang Seng is down 0.9%. The Shanghai Composite is trading down by 0.8%. An escalating trade dispute between the United States and other leading economies battered US stocks on Monday, handing the S&P 500 and Nasdaq their steepest losses in more than two […]
E Market Briefing For Tuesday, June 26
‘Rinse & Repeat’ – has been a reference I’ve repeatedly made to so many effort to revive every effort to ‘correct’ the overpriced Senior Averages for a few months now. Nevertheless risk predates it all to the parabolic January thrust, which we not only viewed as unsustainable, but which led to ‘flash crash’ conditions (delivered in […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, June 26
S&P 500 The S&P 500 has fallen rather hard during the day on Monday as concerns over trade tariffs continue to be a major issue. Because of this, there has been a lot of struggling with risk appetite assets, but we have pulled back to test the 2700 level, an area that has significant support […]
