Author Archive: Jeremy Parkinson
Short-Term Trading Outlook For Bitcoin
This first chart on Bitcoin (BTC/USD) below is a 4-hour showing a wider view of recent price activity. Highlights for above 4-hour chart: Potential double bottom trend reversal pattern forms around the 61.8% Fibonacci retracement of the uptrend starting from the September swing low. Breakout above approx. 13,052.12 swing high to trigger double bottom breakout […]
WTI Tops $65 For First Time Since Dec 2014 After Crude Draw, Production Record
After API reported a surprise crude build overnight, all eyes are on the DOE data this morning which showed a smaller than expected crude draw (-1.07mm vs 2.32mm exp) but still a draw (for the 10th week in a row) compared to API’s build. As Bloomberg’s Julian Lee notes, cold weather and a growing list of refineries undergoing maintenance probably cut […]
USD/CHF Under Long-Term Support
Earlier today, the greenback declined to the lowest level against the Swiss franc since mid-September 2017, which resulted in a small drop under the long-term support line. Is this a sign of bigger move to the downside or just a trap? EUR/USD The first thing that catches the eye on the daily chart is a […]
Currencies & Gold
Why wouldn’t the bankers exit after gold exceeds the more recent high that we are approaching now? To run a very dangerous manipulation yesterday as the currencies were flagging the banks are expecting a big move. They aren’t day traders. They position for big trending moves. Before this intermediate cycle tops the miners could test […]
General Dynamics (GD) Tops Q4 Earnings Estimates, Backlog Up
Falls Church, VA based General Dynamics Corporation (GD – Free Report) is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft. General Dynamics boasts a strong position in the U.S. defense space as well as overseas. The recent budgetary amendments in the United States have been […]
Weekly Gasoline Price Update: WTIC Up Again – Wednesday, Jan 24
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up four and three cents, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.31 and Santa Barbara, CA is the most expensive city, averaging […]
The Real Estate Bubble Looks Eerily Like Early 2006
We called the real estate bubble top in late 2005, just before it began to burst in early 2006. So did Jim Stack, a newsletter writer in Whitefish Montana. Now Jim has a Housing Bubble Bellwether Barometer that’s flashing a sell signal after going up 80% last year. All our alarms are going off as […]
A Few Words On The Gold Sector
As the long-term interest rate Amigo continues upward, the anti-USD ‘inflation trade’ continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come. Everything is playing to script and with this little pullback to a higher low in the miners […]
Dow Jones Industrials: Fast Approaching Major Resistance Of 27,500
The Dow Jones Industrial Average (DJI) has been continuing its almost vertical climb since the 2016 presidential election. It successfully broke through the 25,000 resistance level mentioned in our Weekly Report Volume 6 from January 7, 2018. At 26,200, the Dow is roughly halfway to its long-term geometric target price of 27,500. Here is an updated chart: […]
Vendanta Limited Transforms Elements
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my Safari portfolio seeks a company in the basic […]
