Author Archive: Jeremy Parkinson
The Narrative Of High Debt And Powerful Central Banks
In 2017 GDP growth picked up solidifying a global expansion phase that had previously been slow and erratic. The number of countries growing at rates consistent with their potential increased to levels not seen since prior to the global financial crisis. As the expansion gathers pace and, in some cases, becomes long by historical standards, […]
Above The 40 – The S&P 500 Once Again Outstretches The Field
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.2% of stocks are trading above their respective 200DMAsVIX = 9.2 (was as low as 8.9)Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) burst higher yet again and spent most of the day at or above its upper-Bollinger Band (BB). Technically, […]
Dividends By The Numbers Through December 2017
2017 marked something of a turnaround for the fate of dividends paid by publicly-traded companies throughout the year. What had been a multi-year declining trend for the U.S. stock market since mid-2014 appeared to bottom out between March and June 2017, before reversing into an improving trend throughout the rest of the year. Let’s drill […]
U.S. Markets Make Titanic Gains Post-2016 Presidential Election
Since November 8, 2016, the following percentage gained/lost graphs show that, to date, 8 of 9 Major Indices increased from 27.31 to 41.58%, while the 9th posted gains of 4.71% 6 of 9 Major Sectors gained from 26.09 to 44.69%, while the remaining 3 gained from 8.93 to 12.37% It looks like someone was anticipating an improved economic future from the election results and bet heavily on U.S. markets to […]
GBP/USD Bullish Channel Offers Key Breakout Levels
GBP/USD 4 hour The GBP/USD bullish trend is continuing higher in a bullish channel (blue) after a bearish retracement back to the round level of 1.35. Price could be moving towards the Fibonacci targets of waves 5, which seems to be part of a wave C (green) although the previous top could be a tough […]
3 Large-Cap Pharma Stocks To Watch Out For This New Year
The year 2017 has turned out to be pretty impressive for the pharma/biotech stocks. Though the industry was hampered by drug pricing issues in 2016, it bounced back and made a considerable headway in 2017, courtesy of a slew of FDA approvals. The regulatory body approved 46 novel drugs last year, easily surpassing 2016’s total […]
Ghana Urged To Invest 1% Of Its Reserves In Bitcoin
The vice president of investment bank Groupe Nduom, Papa-Wassa Chiefy Nduom, has urged the Bank of Ghana to diversify its investment by placing about one percent of Ghana’s reserves in bitcoin. According to GhanaWeb, Ndoum deflected arguments that it is too volatile by saying: “I don’t think it’s a gamble, I think every investment is a […]
The US Dollar Is Falling Against Major Currencies
Yesterday, mixed data on the labor market in the United States was published. As a result, the US currency fell against other major currencies. The US dollar index (#DX) closed the trading session with a slight increase (+0.06%). Yesterday, positive statistics on the economy of the eurozone was published, which contributed to the growth of […]
Stocks To Trade: EVTC, CORT, OI
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Evertec (EVTC) Long Corcept Therapeutics (CORT) Short Owens Illinois (OI)
That’s Some ‘Sweet Spot’
December 2014 was something of a high-water mark. Early on in that month, the BLS had published payroll numbers (Establishment Survey) that too many confirmed the narrative. For the previous month, November, the US economy purportedly added massive 321k new jobs. The media was predictably uncontrolled in its glee. Any survey of mainstream headlines for […]
