Author Archive: Jeremy Parkinson
S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 19
S&P 500 The S&P 500 rallied during the day on Wednesday, reaching towards the 2560 level. We still have plenty of support below at the 2550 handle, and it’s likely that the markets continue to find buyers in that general vicinity. Stock markets are very bullish, and in the middle of earnings season, we are […]
The Tangible Benefits Of A Real Estate Flipping Business Plan
There are few things more important to today’s investors than a real estate flipping business plan. In fact, outside of your network, access to funding and education, you could argue that a real estate flipping business plan is next in line. If for nothing else, a well-crafted plan will indicate the most efficient and best way to proceed […]
GDP Is Bogus: Here’s Why
Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The Rot Within. The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity is […]
Precious Metals: A Coiling Spring
I’ve been keeping a close eye on precious metal stocks. They’re coiling in a tight pattern and look set for an explosive move in one direction or another. Below is XAU the gold and silver index on a weekly basis. Here a quick rundown on how I think about precious metals. Like Ray Dalio has said, “Over […]
EURUSD: Rate Expected To Fall By The End Of The Day
Previous: On Wednesday the 18th of October, trading on the euro/dollar pair closed up. After hitting a new weekly low, the price mounted a recovery to 1.1817 that extended into the Asian session. I can’t see any fundamental factors that would have caused the euro’s 87-pip rally. I reckon the price underwent a correction on the […]
Australian Unemployment Rate Improves In September
Australian unemployment rate improved to 5.5 percent in September, according to the Australian Bureau of Statistics report released on Thursday. The number of employed persons rose by 19,800 in September when compared with the preceding month. Full-time employment climbed by 6,100, while the number of part-time employees rose by 13,700. The participation rate, including people […]
GBP/USD Daily Analysis – Thursday, October 19
GBP/USD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance is at the support-turned-resistance trend line on the 4-hour chart now at around 1.3235. Only a clear break above […]
Jacinda Ardern Will Become New Zealand PM – NZD/USD Crashes
Winston Peters, which held the balance of power for around three long weeks, decided to go for Labour leaders Jacinda Ardern. His NZ First Party will join the Greens in a coalition under Ardern. Markets preferred the incumbent Bill English of the more market-friendly National which held power for around a decade. Peters kept everybody waiting […]
Stocks To Trade: TSLA, EXPE, W
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Tesla (TSLA) Long Expedia (EXPE) Short Wayfair (W)
Gold Weighed Down By Stronger Dollar, Equities – Thursday, October 19
Gold prices dropped $4.22 an ounce on Wednesday, dragged down by a stronger dollar and U.S. equities closing at record highs. XAU/USD initially tried to pass through the $1289 level but found heavy resistance and headed back to the bottom of the Ichimoku cloud on the 4-hour chart. The bears have the short-term technical advantage, […]
