Author Archive: Jeremy Parkinson
Dropbox, Pork And Wine
Of course Dropbox had no way of knowing that their IPO was going to hit the market at such a pivotal time for the global markets. The cloud storage company managed to raise $756 Million from investors and an additional $100 Million from a private deal with Salesforce. The company is now worth a total of $9.2 Billion, […]
Trade Tiffs And Crazy Cuts
Oil sold-off on tariff fears but rallied back as Saudi Arabia is signaling that they are just crazy about production cuts and want an extension. Its tariff fears versus ring demand and falling supply for oil and it seems that supply and demand have the edge right now. Oil prices yesterday followed stocks lower, grudgingly […]
USD/JPY Breaks Symmetrical Triangle, At Fresh Yearly Lows On Trade Concerns
The US Dollar (via DXY Index) has undergone another bout of volatility thanks to the announcement of the Trump trade tariff against China. With the $50 billion tariff announcement yesterday, coupled with the response by the Chinese government to levy its own retaliatory tariff on $3 billion of US goods, it seems that our concerns of a budding […]
US Business Cycle Risk Report – Friday, March 23
Fears of a global trade war are rattling stock markets around the world after President Trump imposed tariffs on China on Thursday. China’s commerce ministry responded immediately with tariffs on US imports. If trade restrictions escalate, there will be a price to pay in economic growth and so this evolving news story deserves close attention for monitoring macro risk. […]
Dow Jones – Bounce Due On The Way To 21,000 Level, Says Joe Friday
Over the past couple of months, the Dow Jones Index could be forming a descending triangle pattern, which two-thirds of the time leads to lower prices. The declines of late have the Dow testing support of this pattern, where a “short-term rally is due!” If it is forming a descending triangle pattern, a short-term bounce could start at any […]
BTC/USD And BTC/JPY Forecast – Friday, March 23
BTC/USD Bitcoin markets fell a bit during the trading session on Thursday, rolling over from a shooting star that formed on Wednesday. By breaking down below the bottom of the shooting star, it suggests that we are ready to roll over yet again. The Bitcoin market simply cannot find enough momentum to continue going higher, […]
Software Showing Market Leadership
Stocks that hold up during a market downturn tend to be the next leaders when pressure on the market alleviates. That’s why it’s important to pay close attention to the market when the market is under pressure. Of the major market sectors Technology is performing the best since the market has been under pressure since […]
Sensex Continues To Trade Deep In The Red; Union Bank Plunges 8%
Indian share markets continued to witness selling pressure in the noon session following losses in global equities after US President Donald Trump announced tariffs on Chinese goods stoking fears of a trade war. China said it doesn’t fear a trade war with the US and announced plans for reciprocal tariffs on US$3 billion of imports from the US. […]
Fake Gold – Silver Explosion – End Of Bull Market
In the US, fake gold is now a growing problem that is not being tackled. Congressman Alex Mooney (not Money!) has just written to the US Mint of the growing problem of high-quality counterfeits. He also wrote a letter to the Mint in November 2017 but the Mint responded that the problem was not significant. […]
Cracks Now Appearing In The World’s Major Oil Industry
As the sell-off in the broader stock markets intensifies, it will be bad news for the world’s largest oil companies. Why? Because cracks are already beginning to appear in the biggest and most profitable global oil companies. While rising costs and higher debt levels have been plaguing the U.S. shale oil industry, these negative factors are […]
