Author Archive: Jeremy Parkinson
Stocks To Trade: CW, MTZ, AAOI
Wednesday’s stock picks: Long Curtiss Wright (CW) Long Mastec (MTZ) Short Applied Optoelectronics (AAOI)
AUDUSD Daily Analysis – Wednesday, Jan 10
AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7501 had completed at 0.7874 already. Further decline would likely be seen after a minor consolidation and next target would be at 0.7750 area. Near term resistance is at 0.7845, followed by 0.7874, […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, Jan 10
WTI Crude Oil The WTI Crude Oil market rallied significantly during the trading session on Tuesday, breaking above the top of a couple of the hammers. The market clearing the $62.70 level is a good sign, and I think at this point will probably go looking towards the $63 level rather quickly. I think pullbacks […]
Sensex Trades Marginally Lower; Consumer Durable Stocks Witness Selling
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a negative note with stocks in the consumer durables sector and capital goods sector witnessing maximum selling pressure. The BSE Sensex is trading down 107 points (down 0.3%) and the NSE Nifty is trading down 41 points (down 0.4%). The BSE Mid Cap index is trading down by 0.6%, while the BSE Small […]
Crude Oil Prices Soared On API Inventory Data, EIA Equivalent Ahead
Crude oil prices surged as API reported a massive drawdown of inventories, saying stockpiles shed 11.2 million barrels last week. Official EIA statistics due later today are expected to show a far more modest 3.4 million barrel outflow. If the realized result hews closer to the API projection, prices may find scope to continue building upward. Gold prices edged lower, weighed […]
Vibe Coin Surges Some 400% On Binance Listing, Enters Top 100
A new cryptocurrency gains attention: Vibe. The Vibe Coin jumps by nearly 400% in its value as the Binance exchange, growing in its own merit, decided to include it in its exchange. Trading is available on Vibe against both Bitcoin and Ethereum. This cryptocurrency, also known as VibeHub is used to create virtual reality hubs and marketplaces. […]
4 Best Marijuana Stocks To Play The Green Rush
Whether its eating a gooey, chocolatey brownie or taking a few hits off a freshly rolled joint, it’s common knowledge that a lot of people like to get high. Many investors, however, have yet to “light up.” Some hesitate from adding marijuana stocks to their portfolio on apprehensions that pot companies are involved in scams […]
USD/JPY Bearish Breakout Is Aiming At 110 Round Level
USD/JPY 4 hour The USD/JPY broke below support again (dotted blue) and has invalidated the bullish pattern and outlook. A larger bearish correction is now most likely and price could test the bottom of wave W (pink) at 111 or even break the bottom and move towards the round levels of 110.50 and 110. 1 […]
Gold Under Pressure As Dollar Recovers
Gold prices fell $7.50 an ounce on Tuesday as the dollar’s rebound continued to weigh on the market. XAU/USD retreated to the 4-hourly Ichimoku cloud as anticipated after prices broke below the support in the $1316-$1315.80 area. Gold is currently trading at $1309.89, lower than the opening price of $1312.21. Prices are still above the […]
Litecoin LTC/USD Trapped Below Resistance After Founder’s Tweets
Litecoin has been struggling to break above its key resistance levels after Charlie Lee, Litecoin’s founder, announced that he had sold/donated all of his own LTC to avoid any conflicts of interest. What could be next for Litecoin? Here is a quick overview. Charlie Lee’s Vision for Litecoin’s Soft Fork After Lee he has got […]
