Author Archive: Jeremy Parkinson
Job Openings & Labor Turnover: Clues To The Business Cycle – Oct. 11
The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through August, is now available. The first chart below shows four of the headline components of the overall series, which the BLS began tracking in December 2000. The time frame is quite limited compared to the main BLS data series in the monthly employment report, […]
China Riding The Global Economic Recovery
The global economic recovery is strengthening and becoming more synchronized, according to updated projections for 2017 and 2018 by both the Organization for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF). China, the world’s second largest economy, is an important part of this improved outlook, and its equity markets have been outperforming. […]
The Next Bear Won’t Look Like The Last One
Don’t look now fans, but the United States is enjoying one of the longest economic expansions in history. In fact, First Trust tells us that if the economy can avoid slipping into recession for the next 18 months, this will become the longest period of economic growth on record. Granted, the pace has been maddening […]
Elliott Wave Analysis: German DAX Update
Let’s focus on German DAX and its intra-day pattern. On the German DAX, we see price trading at the end of a corrective wave four. This corrective wave looks more and more like a triangle correction. A triangle correction is an Elliott wave pattern, that unfolds prior to the final wave, meaning once fully unfolded a […]
Why These 3 ‘Strong Buy’ Tech Stocks Are Set For Stellar Growth
Wall Street is now recording fresh highs, with the S&P 500 at 2,550.64 and the Nasdaq composite at 6,587.25. And the best part – this bull run is set to continue in the new year, according to Credit Suisse. The firm is predicting that the S&P 500 will rise by 13% by the end of […]
Euro Gains But Broader Markets Yawn As Catalan Crisis Fizzles
Talking Points: Euro gains as Catalan leader backtracks on independence declaration Markets seemingly unimpressed as Spanish political uncertainty fades US Dollar may bounce on hawkish September FOMC meeting minutes Most major currencies marked time in Asia Pacific trade, with a handful of second-tier releases out of Australian and Japan passing by seemingly unnoticed. The Euro was standout, continuing to build higher after Catalan […]
Nikkei 225 – Attempting 24 Year Breakout Again
The Nikkei index has found a certain price level very tough to break free from for the past 24 years. Below is shown the Nikkei index on a monthly basis for the past 30 years. CLICK ON CHART TO ENLARGE Line (A) comes into play around the 20,900 level. Since the early 1990’s, the majority of the […]
E Why Sarepta Therapeutics Inc Looks On Track For A Second DMD Approval
One of the most controversial drug approvals of 2016 was that of Eteplirsen, Sarepta Therapeutics Inc (Nasdaq:SRPT)’s then-lead development asset targeting Duchenne muscular dystrophy (DMD). Many reading might remember the situation. For those that don’t, the drug had demonstrated a degree of efficacy in clinical trials when measured against quality-of-life endpoints but, in what is […]
September Wage Gains: Real Or Photoshopped?
Certainly one of the more disappointing aspects of the employment data over the last couple of years has been the lack of any significant wage gains. Indeed, the unemployment rate has been at or under the 5% threshold since September 2015, but investors and the Federal Reserve (Fed) have been left wondering: Why haven’t we seen any […]
FTSE Elliott Wave Analysis – Oct. 11, 2017
FTSE Short term Elliott Wave analysis suggests the decline to 7196.58 on 9/15 low ended Primary wave ((4)). The Index is currently within Primary wave ((5)) which is subdivided as a zigzag Elliott Wave structure. The first leg Intermediate wave (A) of this zigzag is in progress as 5 waves impulse where Minor wave 1 ended at 7327.50 and […]
