Author Archive: Jeremy Parkinson
USD/CAD Forecast Jan. 8-12 2018
Dollar/CAD continued leaning lower amid rising oil prices but did not collapse. Where to next? Housing figures are expected in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Oil prices remained high but did not breach the 2015 highs. This prevented USD/CAD from breaking below 1.25. In the US, the […]
Sentiment: Simply More Buyers Than Sellers
I am re-reading Justin Mamis’ book, The Nature of Risk, a worthwhile read by the way, and being reminded of the dissemination of information prior to the internet age, which is difficult for many to believe if they did not work in investments at that time. Simply gauging market sentiment prior to each day’s market open […]
See You Later, Hannon Armstrong
Sustainable infrastructure financier Hannon Armstrong (NYSE:HASI) is not in my Ten Clean Energy Stocks model portfolio for the first year since its IPO in 2013. I still love the company and its business model, but I have become concerned about its short term prospects. Dividend Disappointment? In my last update on the 2017 portfolio, I wrote: “Sustainable infrastructure […]
E An SPX Decline Below Cycle Top Suggests Rally Over
VIX declined to make a double right shoulder to match the double left shoulder of a potential Head & Shoulders formation. The Moving Averages are so low that it may take a break of Long-term resistance at 10.93 to generate a buy signal. A breakout above the Ending Diagonal trendline suggests a complete retracement of […]
Here Are The Key Levels In Gold & Gold Miners
The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. […]
Weekly Research Report Vol. 6 : Global Markets
HIGHLIGHTS: Dow Jones Industrials hits key 25,000 price level, with its eye on both 27,500 and 29,400. US Dollar Index signals a long-term bear market, but for the short-term it may experience a counter-trend rally. Inversely, commodities (CRB) have had a spectacular bull run, but now point to a short-term pullback to 440. Oil has risen to anticipate geometric resistance of […]
Forex Metrics And Chart Week 2 / 2018
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the NZD(4X) followed by the CAD (3X) and the AUD(2X). The weaker currencies are the JPY(4X) followed by the USD(3X) and the CHF(2X). By diversifying a nice combination can be traded in […]
Hussman Questions Grantham’s “Melt-Up” Thesis
Value investor Jeremy Grantham suggests “Bracing Yourself for a Possible Near-Term Melt-Up”. Grantham’s 13-page synopsis Bracing Yourself for a Possible Near-Term Melt-Up suggests the bubble will burst and the consequences devastating, just not yet. His key reasons center around an expected 3.5 year window that is typical of other bubbles coupled with advance decline ratios and acceleration […]
South Korea Launches Unprecedented Investigation Into Cryptocurrency Exchange Accounts
As anyone who follows the cryptospace knows, South Korea is in many ways on the front lines both in terms of trading and in terms of regulatory pushback. Last month, Bloomberg ran a piece called “A Bitcoin Frenzy Like No Other Is Gripping South Korea,” which detailed some of the reasons why Koreans seem so […]
