Author Archive: Jeremy Parkinson
“X” Marks The Spot That Bulls Should Be Watching
This 2-pack highlights that the Dow and S&P remain inside of quality rising channels (A). Both hit rising support on 2/9 and rallied. “X” marks the spot that bulls want to see taken out to the upside. If this is accomplished, buyers should come forward. What do bulls Not want to see? The “X” remains overhead resistance […]
EURUSD: Euro Could Retreat To 1.2385 Ahead Of The ECB Meeting
Previous: On Tuesday the 6th of March, trading on the euro closed up. News from North Korea instilled buyers with some fighting spirit. This news eased geopolitical tensions and created an appetite for risk. The euro rose against the dollar by 92 pips, moving from 1.2328 to 1.2420. North Korea has agreed to hold talks with […]
The Cohn Plunge
A monkey wrench was just thrown at the financial markets and we can see all stocks around the world reacting to the news. The resignation of Gary Cohn from Donald Trump’s administration is a game changer. The former investment banker was seen by many on Wall Street to be the last adult in the White House. Cohn […]
Sensex Trades In The Red; PSU Stocks Top Losers
After opening the day in red, share markets in India witnessed choppy trading activity throughout the day and are presently below the dotted line. Sectoral indices are trading mixed with stocks in the PSU sector and stocks in the realty sector trading in red. While stocks in the consumer durables sector are trading in green. The BSE Sensex is down by 202 points (down 0.6%) […]
Manufacturing Cyclical Weakness Coming?
In the financial media, it’s easy to see what the economists and analysts think about the current economy because usually they propose more of the same when asked about the future. It’s simple to extend the current trend indefinitely, but that’s not always a good idea, nor is it realistic. Even during economic expansions, there […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, March 7
WTI Crude Oil The WTI Crude Oil market initially rally during the trading session on Tuesday but turned around to form a shooting star. The shooting star of course is a negative sign, and I think at this point were going to continue to go back and forth in a tight range around the $62 […]
Stock Market Outlook – Wednesday, March 7
Thoughts Trump’s ongoing tariff threats are a short term bearish factor for the stock market. Confirmation: Trump’s tax cut is a big medium term bullish factor for the U.S. stock market. The Citigroup Economic Surprise Index is coming down. A medium term bullish sign for stocks The global economy is still improving. Medium-long term bullish […]
Will We Repeat A Crash Trigger From The Past?
Written by Rick Ackerman, Rick’s Picks Is Smoot Hawley Back With a Vengeance? Index futures have plunged Tuesday night on news that Gary Cohn, Trump’s top economic adviser, is resigning. The sell-off has brought the E-Mini futures down to within an inch of triggering a ‘mechanical’ buy, I’d flagged at 2687.00. Ordinarily, I’d say jump on it […]
AUDUSD Daily Analysis – Wednesday, March 7
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.7988 had completed at 0.7712 already. Further rise to test 0.7893 resistance is still possible, a break of this level could take price to 0.7950 area. Support is at 0.7750, only break below this level could trigger another fall […]
World’s Largest Crypto Exchanges Are Raking In $3M A Day
It doesn’t matter whether the price of Bitcoin (or any other cryptocurrency) is rising or falling. The exchanges that execute the bulk of global crypto transactions are winning either way. As Bloomberg points out, while investors have fixated on the massive price appreciation across cryptocurrency pairs, in reality, it’s the exchanges that are pulling in the real money. […]
