Author Archive: Jeremy Parkinson
Indian Indices Close At Record Highs; Maruti Up By 4%
After opening the day in green, share markets in India witnessed positive trading activity throughout the day and ended the day on a strong note. Gains were seen across most sectors with stocks in the auto sector and stocks in the IT sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 233 points (up 0.7%) and the NSE Nifty closed […]
Magyar Telecom Transmits Good Voice, Data, Electricity, & Gas
This week my Safari portfolio seeks a company in the communication services sector. That sector has companies that connect us electronically in either of two ways: telecommunications, or pay TV. Today I’m reviewing a telecom company named Magyar Telecom Telecommunications Public Limited Company It’s trading ticker symbol is MYTAY. Magyar Telecom PLC is one of […]
Monday’s Market Magic Trick – Rising Without The Fed?
This is the most important chart in the World: It illustrates the $2Tn “taper” that is about to take place and is, in fact, taking place right now and projected to accelerate rapidly into 2019 at which point (gasp!) Central Banks will become net sellers of assets and there is NO WAY that doesn’t depress […]
All The Major Asset Classes Scored Gains Last Week
It was a clean sweep. Every one of the major asset classes posted an increase last week, based on a set of exchange-traded products. The gains, a sign of heightened optimism, mark the first across-the-board advances on a calendar-week basis since last November. Emerging-markets stocks topped the winner’s list for a second week in a row. Vanguard […]
Forex Strength And Comparison Week 5 / 2018
In the Currency Strength table, the CHF was the strongest currency while the USD was the weakest. There were some significant changes last week with the CHF gaining 5 points while the EUR and GBP lost 2 points. On a week-to-week basis, the CHF and AUD showed a very good performance and to a lesser […]
Above The 40 – The S&P 500 Rolls Over Dollar’s Speed Bump
AT40 = 67.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 65.2% of stocks are trading above their respective 200DMAs (a TEN MONTH HIGH)VIX = 11.1Short-term Trading Call: bullish Commentary Once again the stock market was only able to maintain overbought trading conditions for 1 day. At the onset of the last overbought period, I […]
Allergan Upgraded To Overweight From Equal Weight At Barclays
Barclays analyst Douglas Tsao upgraded Allergan (AGN) to Overweight and raised his price target for the shares to $230 from $220. The Botox maker closed Friday down 19c to $186.93. Allergan’s aesthetics franchise is undervalued at current share levels, Tsao tells investors in a research note. The analyst notes he’s been on the sidelines […]
A Brief Word
The US dollar is modestly firmer, but nothing to suggest an outright correction rather than consolidation. However, have a dramatic drop over the past month, much more than we think is justified by macroeconomic developments and interest rates, we think the dollar may have overshot. That said there does seem to be a change in the […]
Sensex Trades 322 Points Up; Auto & IT Stocks Rise
After opening the day on a strong note, the Indian share markets have continued the momentum and are presently trading higher. Sectoral indices are trading in mixed, with stocks in the automobile sector & information technology sector leading the pack of gainers. While realty stocks and PSU stocks are trading in red. The BSE Sensex is trading higher by 323 points (up 0.9%) while the NSE Nifty is […]
USD/CAD Awaits Verdict On NAFTA – One Scenario Is More Priced In Than The Other
The Canadian dollar enjoyed a wide range of upbeat economic figures, a rate hike, and also rising oil prices, but its gains were limited. Worries that the North American Free Trade Agreement would be abandoned by the US, kept the loonie back. Last week, the US dollar took another plunge, mostly ignited by Mnuchin’s endorsement […]
