Author Archive: Jeremy Parkinson
EUR/USD Forms A Perfect Cup And Handle Pattern: Next Target 1.2100
In 2017, the dollar fell against many currencies. Against the Euro, the dollar fell by a whopping 8%. This fall was attributed to a strengthening the Euro and investors worry about Trump’s policies on trade. The Bull Run ended on September when the pair reached the 1.2094 level. It then started going down, eventually reaching […]
S&P 500 And Nasdaq 100 Forecast – Friday, Jan 12
S&P 500 The S&P 500 continues to rally, as the Thursday session was bullish yet again. We broke above the top of the hammer from the Wednesday session, and more importantly in my estimation: the top of the shooting star from Tuesday. We have made a fresh, new high, and it looks as if the […]
Crypto Mining Stresses Electrical Grid In One Washington State County
Mining digital currencies requires so much electrical power that it has stressed the capacity of one Washington county CNBC reports Cryptocurrency Mining Puts Electrical Grid of Small Washington State County ‘to the Test’. “Our infrastructure is actually being put to the test. We’re full,” Ron Cridlebaugh, the Port of Douglas County economic development manager, told CNBC’s […]
Sensex Opens Firm; Metal Stocks Gain
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.05% while the Hang Seng is up 0.49%. The Shanghai Composite is trading up by 0.04%. Meanwhile, The Dow Jones industrial average rose to an all-time high on Thursday as investors bet economic growth would pick up steam. Back home, India share markets opened the […]
Gundlach: “I Should Change My Firm’s Name To DoubleBlockchain”
Many others had done it, but nobody quite as blatantly as beverage maker Long Island Iced Tea Corp, which in late December, bizarrely but profitably changing its name to Long Blockchain Corp, which sent its shares soaring by 500%. In an ironic twist, we previewed LTEA’s hilarious “pivot” just one day earlier when – discussing a similar […]
If US-China Relation Turns Bitter, Buy These ETFs To Profit
Speculation is rife that the trade tension between the U.S. and China will increase this year. These signs have already started to build up in the space with the spate of news. First, the latest Bloomberg report states that China may slow down, or even stop, the purchase of U.S. government bonds, citing that U.S. […]
USD/CAD: Pricing A Higher NAFTA Risk Premium Into The Loonie; What’s Next?
The Canadian dollar should have enjoyed higher oil prices, an excellent jobs report, and an upcoming rate hike. However, something is holding it back. Is it NAFTA? Here is the view from BTMU: BTMU Research discusses USD/CAD outlook in light of the recent reports that that Canadian government officials see an increasing likelihood that President Trump […]
Transportation Index Suggests A Major Peak In Stocks Or The Start Of Hyperinflation?
The transportation index is one of those stock market segments which play a strategic role. Are they flashing a signal of a major peak in stock markets which will potentially result in a stock market crash in 2018 or is this the start of a parabolic rise which will result in hyperinflation? If transports and the Dow Jones […]
Chart Of The Day – USA Truck
The Chart of the Day belongs to USA Truck (USAK). I found the trucking stock by using Barchart to sort today’s 52 Week New High list first by the highest Weighted Alpha, then by technical buy signals above 80%.I then used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter […]
Record Natural Gas Storage Withdrawal Sends Prices Flying
The Energy Information Administration announced that we pulled a record amount of natural gas from storage last week, and though it was expected that they would announce a record withdrawal the size still surprised many. Though there was some uncertainty initially after the print, prices rallied off it through the remainder of the day. This […]
