Author Archive: Jeremy Parkinson
S&P Breaks Out Of Channel
The S&P broke upside from one channel to leave another. This is the third such acceleration in the last six months, leaving the index prone to a parabolic (if not profitable) run. Buying volume was low, but technical strength is good. The Nasdaq rallied just under 1% but hasn’t yet tagged the new upward […]
Weighing The Week Ahead: Should Investors Start Worrying About Inflation?
The economic calendar is about normal, with market participants back from holiday vacations (but perhaps fighting the snow). The key reports are the PPI and CPI. Inflation is the key 2018 worry for many, so these reports will get more attention. Especially if the numbers are a little hot, I expect the punditry to be […]
4 Biotech Stocks To Watch In The New Year
The biotech industry was on a comeback trail in 2017 after facing a number of challenges in 2016, including pricing pressure, rising competition, pipeline setbacks, slowdown in growth of mature products and generic competition for certain key drugs. Frequent FDA approvals, new product sales ramp up, R&D success and innovation, strong clinical study results and […]
Weekly Economic & Political Timeline – Jan. 7
This week will see a light news agenda, with the key items coming as key economic data releases for the U.S. Dollar at the end of the week. There is little else on the menu.It is a public holiday in Japan on Monday. The market will probably be most active on Friday. U.S. Dollar It […]
EUR/USD Weekly Analysis – January 7, 2018
EUR/USD is now facing 1.2092 resistance. A breakout of this level will indicate that the uptrend from 1.0340 (Jan. 3 low) has resumed, then the next target would be at 1.2500 area. On the downside, a clear break below the rising trend line on the daily chart could bring price back to next support level […]
Why I Hate Leveraged ETFs
Here’s a new filing for leveraged Bitcoin ETFs: Boom–> NYSE files to list leveraged Bitcoin ETFs, many flavors incl 2x and -2x, here’s full list, h/t @fintechfrank pic.twitter.com/XGiX1mzq0O — Eric Balchunas (@EricBalchunas) January 6, 2018 Yikes. Now, some people might be inclined to say “who cares, if people want to gamble and buy crazy speculative […]
Emerging Market Preview: Week Of Jan. 8
EM FX was mostly firmer last week, but ended on a mixed note Friday. Best performers on the week for COP, MXN, and BRL while the worst were ARS, PHP, and CNY. We continue to warn investors against blindly buying into this broad-based EM rally, as we believe divergences will once again assert themselves in […]
E Market Briefing For Monday, Jan. 8
An impressive start to 2018 has pushed believers and skeptics almost universally onto the bullish side of the ledger as regards indefinite duration for the market’s overall advance. Fine, but this basically is more the reward for having been bullish ‘if’ Trump won, as you know. Hence, it’s rather risky for speculators come enter the extended […]
A Little Euphoria?
The bears had an opportunity to start correcting the uptrend that started at 2000 on June 27 which was, by the way, the two-day 113-point bottoming action of a 20-wk cycle. But seasonality and other causes kept this 20-wk cycle from fully extending and made it bottom with the shortest span since 12/14. Furthermore, […]
USD/JPY Entrenched In Range – Forecast Jan. 8-12 2018
Dollar/yen did not go anywhere fast in the first week of 2018. The US dollar was down against many currencies despite good data, but this did not affect USD/JPY. The stability came despite a busy week to start the year. Will the pair move now, when the calendar is lighter? USD/JPY fundamental movers Good US data, balanced Fed […]
