Author Archive: Jeremy Parkinson
Timing The Consensus Fade
I was rummaging through the Commitment of Traders (COT) data recently and was struck by the number of futures contracts with record speculative positions. Take a gander at the Euro currency net speculative position. And how about the five-year US treasury future? Too many asset classes feel both stretched and crowded. But it’s easy to […]
Is Facebook Stock A Buy?
Shares in social media giant Facebook (Nasdaq: FB) have plunged 9% since Friday’s close. Details of the 2014 Cambridge Analytica data abuse scandal continue to unfold, while management stays noticeably silent. So- the million-dollar question- is now the time to invest in FB ? Does the stock have juicy upside potential from these depressed levels or is […]
FedEx Corp. Shares Have Wild Swing In After-Hours Following Yesterday’s Q3 Earnings
FedEx Corporation (FDX) reported their third quarter earnings after the market closed for trading on Tuesday March 20th, 2018. At first, it seemed as though Wall Street loved the numbers and shares catapulted higher. However After shooting up about 10 points to the $262 level, shares began to fall abruptly and actually went below the […]
Salesforce Buys MuleSoft For $6.5 Billion
According to a Zion Market Research report published last year, the global Applications Programming Interface (API) management market is estimated to grow from $609.32 million in 2016 to $ 3.44 billion by 2022. That translates to a healthy annual growth rate of more than 33% during the five year projection period. Billion Dollar Unicorn MuleSoft (NYSE: MULE) is […]
FAANG Stocks Highlight The Bull-Bear Tug Of War
Today’s 6-pack of stock charts takes another look at the market leading Technology sector. As I mentioned on Monday, the Nasdaq has formed two bearish divergences (one external and one internal) that investors should monitor. Today we transition to tech leadership: The FAANG stocks. They may provide more color for investors worried about tech. 3 of 5 […]
General Mills (GIS) Q3 Earnings Meet, Tanks On Slashed Views
General Mills, Inc. GIS delivered in-line earnings and revenues in the third quarter of fiscal 2018. Meanwhile, the food giant has lowered its fiscal 2018 profit outlook to reflect higher supply chain costs. Shares tanked more than 8% in pre-market trading after the earnings release. In-Line Earnings General Mills reported third-quarter fiscal 2018 adjusted earnings per share […]
After FOMC, Market’s Direction Will Be Clearer
My Swing Trading Approach I remain 100% cash for a second straight day. I would like to add some long or short positions, but I need the market to lead the way. Right now it isn’t doing that. Indicators VIX – It gave back its gains from the day prior, by declining 4.3%. T2108 (% of stocks […]
Morning Call For Wednesday, March 21
Overnight Markets and News Jun E-mini S&Ps (ESM18 -0.01%) this morning are down -0.01% and European stocks are down -0.04% as the markets await the FOMC’s first policy decision with Jerome Powell as Fed Chair. Losses were limited due to strength in energy stocks with May WTI crude oil (CLK18 +0.96%) up +0.93% at a […]
BTC/USD And BTC/JPY Forecast – Wednesday, March 21
BTC/USD Bitcoin markets pulled back slightly during the trading session on Tuesday but found enough buyers underneath to turn around and form a hammer. It now looks as if the market is going to make it go at higher pricing, but I believe that the $10,000 level will continue to be very resistive. I suspect […]
Treasury Snapshot: 10-Year Yield At 2.89%
Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Tuesday at 2.89% and the 30-year bond closed at 3.12%. The 2-10 yield spread is now at 0.55%. Here is a table showing the yields highs and lows and the FFR since 2007 as of Tuesday’s close. […]
