Author Archive: Jeremy Parkinson
Bonds Finally Noticed What Is Going On… Stocks Are Next
It is safe to say that one of the most popular, and important, charts of 2017, was the one showing the ongoing and projected decline across central bank assets, which from a record expansion of over $2 trillion in early 2017 is expected to turn negative by mid 2019. This is shown on both a […]
Stocks To Trade: Emerson, DXC, Encana
Take a look at three trading ideas to prep you for the next trading session. Long Emerson Electric (EMR) Long DXC Technology (DXC) Short EnCana (ECA)
Cryptocurrency Bulls Are Back? I Prefer LTC/USD
BTC/USD Bitcoin Has broken short-term resistance trend line and is challenging the 11700 resistance that was once support. A break above it could push price back towards 13500$. Price structure still seen as corrective. Target of 8500$ remains. XRP/USD Ripple Testing the medium-term downward sloping trend line. This trend line is very important as price […]
E Speculators Continue To Favor Dollar Weakness
According to the latest Commitment of Traders (COT) report, large speculators continue to expect a weaker dollar, favoring commodities and the commodity currencies. Equity markets, meanwhile continue to climb to fresh all-time highs amid record overbought conditions. Elsewhere, Japanese yen traders appear to be caught wrong-footed, EUR/USD futures speculation reaches yet again another bullish extreme, […]
Week In Review: How Trump Policies Moved Stocks
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly. 1. TARIFF ON WASHING MACHINES: On Monday, the Trump Administration announced that it will impose a 20% tariff […]
Impact Of Federal Government Changes Remain To Be Seen
On Monday, Congress passed a three-week spending bill to end the government shutdown that kicked off late last week. Immigration debate was a central topic between Democrats and Republicans, and the next three weeks will likely see continued debate on this front. Jerome Powell, who has been a member of the Federal Reserve Board of […]
The Darlings Of Davos
Global equity markets roared this week and even accelerated to new all-time highs on the close. Growth Stocks and Big Caps continued their tear, up over +2% for the week. However, some global equities did even better than the US, like China, which outperformed US equities by 2x. Trump shocked the economic elite at Davos […]
Gold At A Pivotal Point
Gold prices are very close to their strong resistance level at $1,350 – $1,380 per ounce. source: Stockcharts.com A thesis on a final breakout is supported by the physical demand. For example, the IAU ETF has added a large amount of gold in January up-to-date (465 thousand ounces): source: Simple Digressions and IAU […]
GBP/USD Weekly Analysis – Sunday, Jan. 2, 2018
GBP/USD extended its upside movement from 1.3027 to as high as 1.4345. A further rise is still possible after a minor consolidation and the next target would be at the 1.4500 area. Near term support is at 1.4000, only a breakdown below this level could bring price back to next support level at 1.3800 area. […]
ETFs And Behavioral Finance
There are over three million stock indices in the world, more than 70 times as many as actual stocks. Before learning this startling fact in the FT the other day, I might have guessed wildly at 1% of this figure, thinking it way too high. Although the growth in Exchange Traded Funds (ETFs) is not solely responsible […]
