Author Archive: Jeremy Parkinson
US Market Cap Approaches $30 Trillion
The market cap of the Russell 3,000, which contains roughly 98.5% of US stock market cap, is currently at $29.99 trillion. Below is a chart showing the historical market cap of the Russell 3,000 since Bush II officially won the 2000 election on December 12th, 2000. As shown, the index’s market cap ended up falling […]
Indian Indices Trade Marginally Higher; Realty Sector Up 1.9%
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the realty sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 93 points (up 0.3%) and the NSE Nifty is trading up 11 points (up 0.1%). The BSE Mid Cap index is trading flat, while the BSE Small Cap index is trading up […]
New Tools For Assessing China’s Economy In Near Real-Time
China’s official economic statistics bureau has struggled over the years to accurately capture the state of that nation’s economy for years, where it recently was forced to revise its previous estimate of its GDP in 2016 downward. China’s statisticians have been working to improve their estimates, but still face challenges. Beijing is in the process of […]
Ethereum Takes Over Ripple – Pullback Still Possible
While Ripple saw a major pullback on Monday, Ethereum reclaimed its spot as the second largest cryptocurrency by market cap. As we predicted a while ago, Ethereum reached and surpassed our $1,000 profit target last week. But as it goes with all cryptocurrencies, this doesn’t mean that another pullback won’t be coming our way again. […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, Jan 9
S&P 500 The S&P 500 initially dipped on Monday, but then turned around to reach towards the 2750 level. That’s an area that has been resistive in the past and has said that it’s likely that the market could pullback slightly as we are bit overbought, but I think a pullback from here is a […]
EUR/USD Bounces At Top And Shows Bearish Breakout And Momentum
EUR/USD 4 hour The EUR/USD made a bearish breakout below the support trend line (dotted green) after bouncing at the resistance (red). The bearish retracement could be part of a bearish correction within a larger uptrend continuation where waves 3 prevail. The alternative is that price is not completing a 123 (pink) but a larger […]
The US Dollar Has Begun To Recoup After The Fall On Friday
On Friday, the US dollar fell against the major currencies due to the publication of weak reports. According to the report on the activity in the non-agricultural sector of the US, 148,000 jobs were created against the forecasted value of 190,000 new jobs. Despite weak reports on the labor market, experts’ forecasts concerning the increase […]
EUR/USD: After Losing 1.20, What’s Next?
EUR/USD lost the 1.20 level. While it hasn’t been able to regain it, the pair isn’t falling too fast either. What’s next? Here are four opinions. Here is their view, courtesy of eFXnews: EUR/USD: ‘Beware Of Bull Trap Risks’: Key Levels To Watch – BofAML Bank of America Merrill Lynch Research discusses EUR/USD technical outlook […]
I Was Wrong… And I Paid For It
In 2016, I predicted that if Donald Trump won the presidency, the stock market would sell off hard. My reasoning was that the market doesn’t like uncertainty, and Trump is anything but predictable. I argued that late-night tweets and rash decisions wouldn’t be good for the stock market. Well, in the words of Arthur Fonzarelli, “I was wrrrrr – […]
EURUSD: Euro Gets A Foothold Beneath 1.20
Previous: On Monday the 8th of January, trading on the euro/dollar pair closed down. The euro dropped to the 1.1956 mark. Sellers came out to play as the European session opened and managed to bring the price back down below 1.20 by closing time. The US dollar rose across the board. In addition to the technical […]
