Author Archive: Jeremy Parkinson
Ulta Beauty Gets Ultra Ugly
I first wrote about Ulta Beauty (ULTA) in early September, 2016 after it confirmed a bearish breakdown from support at its 50-day moving average (DMA). I never traded the stock and missed the entire recovery and 31% gain to the last peak and all-time high in early June, 2017. It took another bearish breakdown for ULTA caught […]
Fed Likely On Track To Hike Rates. FOMC Presidency, Inflation In Focus
The FOMC members, Powell and Harker, are scheduled to speak today. The speeches from the Fed members mark a long list of Fed speeches delivered during the week. So far, FOMC members Kashkari and Powell gave their speeches including the Fed Chair Janet Yellen. Kashkari maintains dovish stance As expected, the Minneapolis Fed President Kashkari […]
Trump’s Tax Reform Is The Tipping Point For The Future Of The World
On a macro level, Trump’s tax reform is the topic of the moment. Basically, if approved, it will be positive in the short to medium-term, but it will raise high risks for the future of the world economy. The fiscal program seems designed in a way that will increase the deficit. If not approved, then […]
China Launches Yuan-Ruble Payment System
The monetary regimes of China and Russia, two of the world’s most resource-rich nations, are drawing closer with every passing day. In the latest push for convergence, China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions. […]
Stocks To Watch: NUE, BWP, LYV
Friday’s stock picks: Take a look at three trading ideas to prep you for the next trading session. Long Nucor (NUE) Long Boardwalk Pipeline Partners (BWP) Short Live Nation Enternatinment (LYV)
USD/CAD: Fading The Rallies Into BoC Meeting In 2 Weeks
The Canadian dollar stabilized after the recent turbulence and is looking for a new direction. What’s next for USD/CAD? Here is their view, courtesy of eFXnews: TD FX Strategy Research recommends fading USD/CAD rallies ahead of the BoC meeting in two weeks. “The technical picture has also improved with the break of the 1.2472 (fib level) […]
Gold Rises Ahead Of U.S. Inflation Data
Gold prices ended Thursday slightly higher after a quiet session. XAU/USD reached the $1298-$1296 area as expected but was unable to break through. Consequently, prices retreated to Ichimoku cloud on the 4-hour chart before finding support. It seems that the market intend to retest the resistance in the $1298-$1296 zone again today. XAU/USD is trading […]
Amazon Musings…
Will Amazon (AMZN) follow in the (recently fateful) footsteps of Equifax (EFX)? Note the similarities in their price action over the past five years (until EFX began its plunge on September 8)…
Sensex Opens Firm; Bharti Airtel & Tata Teleservices Rally On Merger Buzz
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.23% while the Hang Seng is up 0.13%. The Shanghai Composite is trading up by 0.12%. US stocks closed lower on Thursday as Wall Street digested earnings from some of the top financial companies. Back home, share markets in India have opened the […]
Changing Channels
I’m having a scintillating evening at Armadillo Willy’s BBQ going through nearly 500 charts. I felt a little guilty not doing a post for the past few hours, so I thought I’d throw a couple of curiosities at you, since they have oddly consistent channel patterns. As an aside, bitcoin is going absolutely apesh*t, […]
