Author Archive: Jeremy Parkinson
Bitcoin Vs. Netflix: How Would You Decide?
As I write, Bitcoin has a market capitalization of $90 billion. Netflix (NFLX) has a market capitalization of $86 billion. So the market, in effect, is saying that these two assets are worth virtually the same. But can this possibly be true? I asked my analysts which asset they’d prefer to own… The entertainment dynamo […]
Top 5 Things To Know In The Market Today – Tuesday, October 24th
1. Yesterday, the USD gained a bit against the euro, but USD/JPY failed to hold above 114. Investors are cautious to place bets in EUR/USD and USD/JPY as there is plenty of event risk in EU (ECB, Catalonia) and the US (replacement of Yellen, tax reform). 2. The euro added 0.1 percent to $1.1762, though […]
Recent IPOs Sink On Lockup Expirations
Overview: A profitable IPO trading strategy One of our most profitable IPO trading strategies – the one that we have been highlighting on our premium service in recent months – is shorting recent IPOs that meet certain criteria in the two weeks prior to their IPO lockup expirations. Why? Readers who regularly follow these recommendations are likely […]
‘Friday Felt Like A Climax To Us’: Most Bullish Analyst On The Street Sees Pullback
Show of hands: Who cares about momentum indicators? My hand is not raised. That said, I’m taking a shine to perpetuating the mounting charges that I am a fearmonger, so I’m going to go ahead and play right into that characterization by showing you this: So that’s 15 straight days above 70 for the […]
Bank Of Canada Expected To Hold Rates Steady
The Bank of Canada will be meeting tomorrow for its monthly monetary policy review. According to the economists polled, the central bank is expected to hold back from hiking interest rates any further. Thus, the BoC’s overnight cash rate is expected to remain steady at 1.0%. The BoC had previously surprised the markets with […]
US Dollar Builds Corrective Patterns And Offers Breakout Setups
EUR/USD 4 hour The EUR/USD is testing the support zone at 1.17 again. A break below this zone (blue) will probably indicate a larger correction within wave 4 (light purple). A break above resistance would confirm a bullish breakout within wave C of wave X (pink). 1 hour The EUR/USD could be building a wave […]
Stocks Trade Lower To Start Week
Stocks Trade Lower to Start Week U.S. stocks finished Monday’s trading session lower ahead of a heavy dose of earnings and economic data set to be released this week. Treasury yields dipped and the U.S. dollar ticked higher. Crude oil prices diverged and gold was little changed. In equity news, Hasbro reported disappointing Q4 guidance […]
AUD/USD Daily Analysis – Tuesday,October 24
AUD/USD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and the next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around 0.7690. Near term resistance is at 0.7835. Only a break above this level could bring the price back to […]
German Manufacturing PMI Beats With 60.5 – EUR/USD Unimpressed
The German powerhouse rages on, with Markit’s manufacturing PMI still pointing to strong growth: 60.5 points, slightly above expectations. The services PMI is a bit lower: 55.2, yet manufacturing carries more weight. EUR/USD stabilizes in the narrow range. Markit’s preliminary German manufacturing PMI for October was expected to tick down from 60.6 to 60.2 points. […]
Crude Oil Prices Struggle As Trump Trade Optimism Loses Steam
Crude oil prices continued to move in lockstep with broader risk appetite trends, with a gap higher at the weekly trading open failing to find follow-through as sentiment soured. The S&P 500 stock index traded lower and the WTI benchmark followed. Investors might have rethought Friday’s exuberance. That was driven by hopes that a Senate budget resolution would pave […]
