Author Archive: Jeremy Parkinson
Japanese Purchases Of US Treasurys Tumble
In the last days of 2017, we showed something surprising: as a result of suddenly exploding USD/JPY funding costs, there had never been a worse time for Japanese investors, traditionally some of the most ravenous purchasers of US paper, to buy US Treasurys. As we explained on December 27, USD funding costs for Japanese insurers and banks to […]
Will U.S. Banks Outperform The S&P 500 Index In 2018?
The following Monthly chart of the Financial Sector (XLF) shows that it has been on a strong rally since mid-2017. It’s approaching major resistance around the 30.00-31.00 level (prior all-time high and double Fibonacci retracement levels). The following Monthly chartgrid of XLF and five of the major U.S. bank stocks (GS, C, JPM, BAC & MS) shows, at a glance, which of these stocks […]
NEO Coin Overview As It Rallies While Other Cryptocurrencies Drop
NEO Coin Overview: Today we’re looking at NEO, the only cryptocurrency in top 10 market cap that rallied this weekend. NEO/USD reached the all-time high level of approximately $170 by Monday’s market open. Meanwhile, its other major counterparts that it’s trailing behind in terms of ranking, such as Bitcoin, Ethereum, Ripple, Cardano, Stellar, and Bitcoin […]
Indian Indices At All Time Highs; WPI Drops In December
After opening the day in green, share markets in India have continued the momentum and are presently trading near all-time high levels. Sectoral indices are trading on a mixed note, with stocks in the banking sector and stocks in the metal sector leading the gains. The BSE Sensex is up by 250 points (up 0.7%) and the NSE Nifty is trading up by 60 points […]
US Polyethylene Exports On Front Line As Trump Changes Trade Policies
It is almost a year since Donald Trump became President. And whilst he has not followed through on many of his promises, he has indeed introduced the major policy changes that I began to discuss in September 2015, when I first suggested he could win the election and that the Republicans could control Congress: “In the […]
The Gold Rally Gets Legs
With the U.S. dollar collapsing under its own weight, and breaking key support… ….gold is finally breaking through its long-term downtrend…. ….and bringing precious metals miners right along with it. I would also note I composed this post on Friday, ahead of gold’s continued ascent after the weekend.
Russell 2000 Tags Resistance As S&P Breaks (Again!)
I forgot to mention last week that the S&P has reached the “15% of Profit Take” zone of historical price action relative to the 200-day MA dating back to 1950. If it reaches 1,653 it will be in the 5% percentile of historic action – a ‘strong sell’ signal. The price tag came with a […]
Dollar Bears Tighten Their Grip
The consolidation/correction in the US dollar that we anticipated on technical grounds was brief and shallow. A series of developments seemed to play into the bears’ hands.The developments from the shift in how China sets the reference rate, the wariness of some to expand its Treasury holdings, to less super-long bond buying by the BOJ and […]
Kush Bottles Rises 3-Fold After Triangle Breakout – This Is Why Chart Analysis Matters
This article is educational. We analyze one great case which highlights the importance of chart analysis. In particular it is a triangle breakout, a textbook pattern in chart analysis, which is very high reward/low risk setup for investors. Case in point: Kush Bottles, symbol KSHB. Note: InvestingHaven’s research team noticed this setup back in October […]
Crude Oil Prices To Remain Bid As Overbought Conditions Persist
Fundamental Forecast for Crude Oil Prices: Bullish Crude remains bid as the Organization of the Petroleum Exporting Countries (OPEC) and its allies extend the production cuts from 2017, and oil prices may continue to exhibit a bullish behavior as the group stays on course to reduce supply. Oman Minister of Oil & Gas Mohammed Al Rumhy sees oil prices holding around $65-70/bbl for […]
