Author Archive: Jeremy Parkinson
China’s RRR Cut Signals Shift To “Risk-Off” Mode
China cut banks’ RRR signals that trade tension is one of the biggest concerns for growth, short USD/JPY? China to cut RRR(Reserve Requirement Ratios) on July 5 amid potential escalation of trade tensions China’s PBOC will cut the amount of cash some lenders must hold as reserves, releasing a total of 700 billion yuan of […]
The S&P 500 And The Tariff Dog That Didn’t Bark
For all the news headlines about trade wars and tit-for-tat retaliatory tariffs, none of that trade-related news seems to be doing much to move the needle of the stock market. We’re not the only market observers to recognize that with little exception, the stream of trade-related news headlines isn’t contributing much more than noise to the daily action of stock […]
USD/JPY Bearish Break Of Triangle Pattern Aims At 108.75
USD/JPY 4 hour The USD/JPY remains in a triangle chart pattern for the moment. A break below the support trend line (blue) could indicate a deeper correction within wave X (purple) whereas a break above the resistance trend line could end of wave X and start a bullish correction of wave D (purple). 1 hour […]
Stocks For You To Trade: QRVO, TXN, EWBC
Monday’s Swing-Trades: Long Qorvo (QRVO) Long Texas Instruments (TXN) Short East West Bancorp (EWBC)
Sensex Opens Flat; Energy Stocks Lose
Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.4% while the Hang Seng is down 0.5%. The Shanghai Composite is trading up by 0.2%. Over the weekend, US stock indices closed mostly higher on gains in energy stocks. Back home, India share markets opened the day on a flattish note. The BSE Sensex is […]
S&P 500 And Nasdaq 100 Forecast – Monday, June 25
S&P 500 The S&P 500 rallied a bit during the trading session on Friday but gave back most of the gains as we could not keep up the move. It looks as if the market may go looking towards the 2750 level again, and then perhaps even lower than that. Otherwise, if we break above […]
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 […]
