Author Archive: Jeremy Parkinson
WTI Crude Oil And Natural Gas Forecast – Thursday, Mar. 8
WTI Crude Oil The WTI Crude Oil market broke down significantly during the trading session on Wednesday, as we sliced below the shooting star from the Tuesday session. The market reached down to the $61 level, but I think that we could roll over towards the $60 level next, which extends down to the $58 […]
Falling USD With Higher US Interest Rates Pushes Gold Higher
There is something broken when shorter term interest rates go higher while the currency falls, and when it is the worlds largest economy it kinda matters. It means the US paper debt is not that attractive due to elevated inflation risks. It looks like 2018 is repeating 1985-1988 gold trend, good accumulation along the 600 […]
Crude Oil Price Drop May Deepen As Trump Tariffs Force Retort
Crude oil prices were unable to capitalize on a recovery in risk appetite, plunging after weekly EIA inventory flow data showed stockpiles added 2.41 million barrels last week. That topped estimates calling for a 2.19 barrel increase (though falling short of the 5.66 million jump predicted by API). The same report showed US production rose to 10.369 million barrels per […]
S&P 500 Sector Situation
We often hear about what’s happening with the S&P500 – for the smarter people you hear the S&P500 is up or down X%, for the not so smart ones you hear the S&P500 is up or down XXX points (usually with some added hyperbole, etc). But what’s often not talked about as much, is what’s […]
Sensex Continues Momentum; Auto Stocks Gain
After opening the day firm, share markets in India have continued the momentum and are trading comfortably above the dotted line. Sectoral indices are trading on a mixed note with stocks in the auto sector and stocks in the IT sectorl eading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading up by 151 points (up […]
Stocks To Trade: NUE, ETFC, TRUE
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Nucor (NUE) Long E*Trade Financial (ETFC) Short TrueCar (TRUE)
EUR/USD Prepares For ABC Zigzag In Bearish Wave 2
EUR/USD 4 hour The EUR/USD has probably started with the wave 5 (pink) pattern but a break above the previous top (red) and trend line (red) is needed before price can potentially reach the 61.8% Fibonacci target. 1 hour The EUR/USD is in a break or bounce spot. A break above the 78.6% Fib target […]
Park Hotels: Chinese Conglomerate Overreaches, We Benefit
We sold our Park Hotels (PK) the morning of February 5, as well as a very large chunk of the rest of our holdings.We sold at 27.83.As of Friday PK sold as low as 24.23.Why? A big Chinese conglomerate, the HNA Group, was a 25% shareholder of Park Hotels. Good thing.HNA way over-extended itself and […]
E Rosetta Stone: Love The Company Not The Stock
Rosetta Stone (RST ) is a company that we have great respect for. In fact, we use the products ourselves. However, despite a recent run up in the stock, we are cautious on the name given performance. The company is a literacy education and language teaching operation. Products are used globally. The company’s language division […]
Russell 2000 Passes Last Swing High As Semiconductors Breakout
The Russell 2000 may not be the index pushing all-time highs but the last four days have seen steady gains for the index – enough to generate a new relative performance advantage against strong performing Nasdaq and Nasdaq 100. Leadership from Small Caps is critical for building long-term rallies and this is a good start and […]
