Author Archive: Jeremy Parkinson
Value Line Geometric Composite Index Close To Make New All-Time Highs
I consider the Value Line Geometric Composite Index (VLG) and the Nasdaq Composite Index the best measures of the broad US stock market. I like the VLG for several reasons. It has about 1.700 company stocks, all having equal weight and thus having the same or similar influence on the index. It includes stocks of […]
USDJPY Weekly Analysis – June 24, 2018
USDJPY continued its sideways movement in a trading range between 108.11 and 111.39. Near term resistance is at 111.39, a breakout of this level could take the price to 113.00 area. Key support is at 108.11, a breakdown below this level could bring the price back towards 104.63, below this level would aim 100.00 area.
BIS Confirms Banks Use “Lehman-Style Trick” To Disguise Debt, Engage In “Window Dressing”
Several years ago we showed how the Fed’s then-new Reverse Repo operation had quickly transformed into nothing more than a quarter-end “window dressing” operation for major banks, seeking to make their balance sheets appear healthier and more stable for regulatory purposes. As we described in articles such as “What Just Happened In Today’s “Crazy” And […]
Fiserv Banks On Market Position & Buyouts Amid Competition
Shares of Fiserv, Inc. FISV have gained 22.1% in the past year, outperforming the S&P 500’s gain of 14%. The company’s key growth drivers include its strong market position, a healthy product portfolio, significant acquisition synergies and steady flow of new customers. Fiserv reported mixed results in first-quarter 2018, wherein bottom line surpassed the Zacks Consensus Estimate but […]
Bullish For Tech Earnings Season
Tech earnings season is fast approaching. The end of Q2 is about a week away. Then quiet periods begin and a few pre-announcements drift in. Whichever way macro ends up taking this market we’re expecting positive reactions from tech in Q2 thanks to momentum and strong Q3 guides. Earnings Drive Stocks While macro and tariffs […]
Trading Support And Resistance – Sunday, June 24
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 […]
Dear High School Graduates: The Status Quo “Solutions”
You deserve a realistic account of the economy you’re joining. Dear high school graduates: please glance at these charts before buying into the conventional life-course being promoted by the status quo. Here’s the summary: the status quo is pressuring you to accept its “solutions”: borrow mega-bucks to attend college, then buy a decaying bungalow or […]
USDCAD Weekly Analysis – Sunday, June 24
USDCAD’s upside movement from 1.2526 extended to as high as 1.3381. Near term support is at 1.3180 and as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500 area. However, a breakdown below 1.3180 support could bring the price back to 1.3050 area and […]
A Disturbingly Bullish Outlook
After all these years, if there is one thing that stands a chance of permanently changed me from a bear to a bull, it’s the new Future Trend feature in SlopeCharts. I am absolutely captivated by this. Just look at the projected price paths of American Eagle. Computer Associates… The CBRE Group (and look at it hug that […]
Chart: Small Caps Vs. Large Caps PE10 Valuations
Starting the week off with a long term look at the small end of the market, this chart shows the PE10 Valuation metric (price vs trailing 10 year average earnings) for the S&P 600 (small cap stocks) vs the S&P 100 (large cap stocks). The chart comes from the latest weekly report where we discussed the outlook for US small […]
