Author Archive: Jeremy Parkinson
Higher Range Again
As I suspected in the post I did just before hitting the sack, this morning is a sea of green, worthy of the Beatles. The reason I think this is important is , as the arrows indicate, it suggests to me we have simply re-entered the higher range between 2680 and 2800 within which we had spent […]
Energy Stocks Exploring Multi-Year Pennant Breakout
The chart above looks at Oil & Gas Exploration EFT (XOP) over the past 8-years. From 2010 until 2013 it looks to have created a pennant pattern (series of higher lows and lower highs). Once resistance was taken out at (1), buyers came forward and XOP rallied nearly 30% in the next couple of years. Over the […]
UnitedHealth (UNH) Q1 Earnings Beat On Higher Revenues
Have you been eager to see how UnitedHealth Group Inc. (UNH – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Minnetonka-based major health insurer’s earnings release this morning: An Earnings Beat UnitedHealth came out with earnings of $3.04 per share, which beat the Zacks Consensus Estimate […]
Morning Call For Tuesday, April 17
Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.46%) this morning are up +0.47% at a 3-week high on expectations of strong S&P 500 Q1 corporate earnings results. Netflix is up over 7% in pre-market trading after it reported better-than-expected Q1 earnings and forecast a bigger-than expected increase in subscribers for Q2. European stocks are […]
Monthly Retail Sales Surge, As Expected And Positioned For
U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of […]
Soaring Interest Rates Are The Biggest Threat To The U.S. Economy
Will U.S. Economy Remain Stable as Interest Rates Soar? Interest rates in the United States are skyrocketing. This could mean a lot of trouble ahead for corporate America and American consumers. Too often, everyone gets boggled by the rates set by the Federal Reserve, the federal funds rate (FFR). It’s the most basic interest rate, […]
Goldman Reports Blowout Earnings: Q1 Turmoil Leads To Best Equity Trading Revenue In 3 Years
If there is anything the recent reports from money center banks showed, it was the the February volatility surge was a gift to bank equity trading desks, which is why Wall Street was eagerly anticipating this morning’s Goldman Sachs results to see how much the “cleanest” trading desk on Wall Street would benefit from the […]
Time To Buy The Rumor Again
Buy the rumor and sell the fact. Many traders thought the run-up on oil was based only on the potential of an attack on Syria and fears that it spins out of control. Yet, the run-up in oil has been about a lot more than just Syria, but about falling supply, rising demand and other […]
USD/JPY And AUD/USD Forecast – Tuesday, April 17
USD/JPY The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday, as it looks like we are trying to go back and forth and perhaps trying to build some type of momentum to go higher. If we can break above the 108 level, then […]
Magic Software For Health, Skill, & Cargo Applications
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock […]
