Author Archive: Jeremy Parkinson
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. […]
Factor Premiums And ETFs
David Blitz has recently discussed the concern in some quarters that factor premiums may disappear as they are arbitraged away by exchange-traded funds. Blitz, the head of quantitative equity research at Robeco Asset Management, says that such a concern is not justified, because “the exposures of ETFs that may be suitable for factor investors are almost perfectly […]
USD/CAD Snaps Bullish Series – Outlook Hinges On BoC Guidance
The Bank of Canada (BoC) meeting may spark a limited reaction as the central bank is widely expected to keep the benchmark interest rates on hold, and Governor Stephen Poloz and Co. may merely attempt to buy more time as ‘as uncertainty about the future of NAFTA is weighing increasingly on the outlook.’ The BoC may sound […]
Stock Investing: 5 Reasons Why We Keep Hanging On To That Loser
One of the popular songs that is sung by Kenny Rogers is entitled the “Gambler.” It is a song about two men on a train talking about the secret to life.It has a catchy melody, is very popular and easy to sing. The lyrics of the well-known chorus share this refrain.“You got to know when […]
Indian Indices Extend Losses; Metal Sector Down 1.9%
After opening the day on a negative note, Indian share markets have extended their losses and are presently trading in the red. Sectoral indices are trading on a negative note with stocks in the capital goods sector and metal sector witnessing maximum selling pressure. The BSE Sensex is trading down 202 points (down 0.6%) and the NSE Nifty is trading down 70 points (down […]
A Busted Seasonal Trade For Home Builders
The seasonal trade on home builders for 2017/2018 showed its first sign of trouble when the iShares US Home Construction (ITB) fell sharply off its 10+ year high in January on the same day the S&P 500 (SPY) set a new (and its last) all-time high. Almost two weeks later, in early February, the under-performance widened and […]
Gold Stocks & Silver Oversold But Not Gold
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving […]
