Author Archive: Jeremy Parkinson
Sensex Ends 219 Points Lower; Energy And Auto Stocks Witness Selling
After witnessing volatile trades during the day, Indian share markets ended their session on a negative note. Losses were largely seen in the oil & gas sector, auto sector and capital goods sector, while IT stocks ended the day higher. At the closing bell, the BSE Sensex stood lower by 219 points (down 0.6%) and the NSE Nifty closed lower by 59 points (down 0.6%). The BSE Mid […]
From Unicorn To Unicorpse: Domo’s Valuation Slashed Ahead Of IPO
Data analytics company Domo has recently filed to go public on the Nasdaq under the ticker DOMO. As a private company, it had raised close to $700 million and was valued at over $2 billion, qualifying it as a Billion Dollar Unicorn. But its recent filing for the IPO now values it at $510 million. Domo’s […]
Bears Getting Louder? Just Defer To The Charts
I hear the screams of the bears getting louder these days. With each and every down session (or two), the narrative of ‘a bear market is coming’ without much-hardened proof of such an event coming down. Oh sure, some day there will be a recession as we move back into a normal ‘boom/bust’ cycle, but […]
Chicago Fed: Slower Growth In May
“Index points to slower economic growth in May.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.15 in May from +0.42 in April. Two of […]
BTC/USD Forex Signal – Monday, June 25
Last Thursday’s signals were not triggered, as there was no bullish price action at $6,563. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered until 5pm Tokyo time, during the next 24-hour period. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of […]
Trade War Fears, Global Stock Markets’ Decline – Stocks To Continue Lower?
The U.S. stock market indexes were mixed between -0.3% and +0.5% on Friday, extending their short-term consolidation, as investors’ sentiment remained neutral. The S&P 500 index continues to trade along 2,750 mark. It currently trades 4.1% below the January’s 26th record high of 2,872.87. The Dow Jones Industrial Average gained 0.5%, as it was relatively […]
Turkish Lira Gains After Erdogan Victory
Turkey is an important country located in Asia and Europe. It has a population of more than 79 million people and a GDP of more than $850 billion. The country’s biggest exports are machinery and appliances. After decades of stability, the main concern among traders has been on the country’s president, Recep Erdogan. The concerns […]
Trade Tensions Weigh On Equities, Lift Yen
Reports confirm that later this week, the US Treasury will announce new curbs on Chinese investment and trade. The US considering preventing Chinese companies with a 25% (though could be lowered) government stake from buying US companies with industry significant technology.” Also, the US will block technology exports to China aimed at frustrating China’s “Made […]
Chart: US Stock Market Leverage
With the latest monthly margin debt stats from FINRA just out it’s worth taking a look the chart of aggregated stock market leverage. The chart shows the combination of net margin debt, net leveraged ETF AUM, and net speculative futures positioning, all in nominal terms, and the sum total is about US$400 billion. Standardized against S&P500 market capitalization, this […]
Weekly Gold Forecast – Monday, June 25
Gold ended the week down $8.90 at $1269.05 an ounce, posting a second consecutive weekly loss. The wider environment remains relatively unfriendly for gold, with the U.S. Federal Reserve still likely to raise interest rates two more times this year. “Today, with the economy strong and risks to the outlook balanced, the case for continued […]
