Author Archive: Jeremy Parkinson
WTI Crude Oil And Natural Gas Forecast – Tuesday, Jan 9
WTI Crude Oil The WTI Crude Oil market initially fell during the trading session on Monday, but as you can see turned around to form a hammer like candle, and it shows that we are going to continue to see buying opportunities on dips. I believe that the $60 level underneath is massive support, and […]
Sensex Opens Higher; Coal India Rallies
Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.15% while the Hang Seng is up 0.23%. The Nikkei 225 is trading up by 0.54%. US stocks closed mixed as investors turned cautious ahead of earnings. Back home, India share markets opened the day on a positive note. The BSE Sensex is trading higher […]
Stocks To Trade: TWTR, BEN, ACAD
Tuesday’s stock picks: Long Twitter (TWTR) Long Franklin Resources (BEN) Short Acadia Pharmaceuticals (ACAD)
USD/JPY Suffers A Minor Taper Tantrum – Higher Inflation Needed For A Lasting Move
The Bank of Japan stands out among central banks in developed countries. They are on the extreme dovish end, buying bonds at a rapid clip with no end in sight. That keeps the yen under pressure against its peers, with an occasional safe-haven flow. But when we have a change in the fundamental of the […]
Demographics Are Adding To Lower US Growth
When you look at what the US has gone through over the last decade, in terms of the job market, what stands out is the total decimation of jobs during the Great Financial Crisis. From early 2008 until early 2010, we went through the worst job loss in 60 years. Not since the 1940s had […]
Expressway To The Poorhouse
Get ready! Here’s a slap for just about all of us, and it could be a costly one… There are two new national sports in the U.S. and both are about the stock market: guessing when this bull market will end and guessing about what the next big move in the market will be. It’s […]
Nigeria’s Foreign Reserves Rise To 4-Year High In January
Rising global oil prices boosted Nigeria’s foreign reserves in January 2018, the reserves which rose by 50 percent in 2017 from $23.6 billion low of October 2016, jumped to $38.8 billion in 2017. According to the new Central Bank of Nigeria’s statement released on Monday, foreign reserves increased further in January, rising to $40.4 billion. The highest […]
E Market Briefing For Tuesday, Jan. 9
Daily action – this evening the S&P is a bit more defensive. Perhaps it’s a delayed reaction to our final hour report about the Washington Post saying Trump may be asked to testify to Mueller. It’s on all the networks tonight. It doesn’t strike me as problematic; maybe the Oprah 20/20 is a bigger deal. […]
EC Two Potentially Important Notes For Consumer Credit
As expected, the Federal Reserve reported today that consumer credit expanded by an unusually large amount in November. Non-revolving debt rose by $16.6 billion, which is only slightly more than the recent average, and less than the average flow three years ago. It was instead revolving consumer credit where balances expanded the most (+$11.2 billion). […]
Caterpillar: Chart Of The Day
The Chart of the Day belongs to Caterpillar (CAT). I found heavy machinery stock by using Barchart to sort today’s 52 Week High list first by the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review […]
