Author Archive: Jeremy Parkinson
Bulls Still In Charge
After reaching 2508, SPX consolidated for a few days down to 2489, and when it failed to go lower but broke above 2510 instead, it identified the correction as a re-accumulation pattern which carried a potential count to about 2575. I thought that there would be a phase consolidation taking place between 2530-2540, but the […]
2550 And 2600 Resistance
Here’s an updated support and resistance chart for the S&P 500 Index (SPX). 2600 is the next resistance level if 2550 can be cleared with maybe a small stall in the 2565 to 2575 area. You can see the Twitter sentiment chart for SPX here. The breadth and bullish and bearish chart is here.
Bank of Sabadell moves HQ out of Catalonia
Bank of Sabadell, the fifth-largest lender in Spain, has revealed it will move its headquarters to the southern city of Alicante, in the aftermath of the independence conflict in the region. The financial institution, which has more than 130 years of history in Catalonia, announced the decision on October 5, amid rising tensions between the region’s […]
Colorado leads the way for advanced industries in US
Not only are advanced industries (AIs) key drivers of the US economy, they are also the prime economic drivers for the state of Colorado. Comprising engineering and R&D-intensive companies, they deliver products and services in a wide range of markets, from aerospace to medical devices. To ensure the progression of this vital aspect of Colorado’s […]
Sensex Finishes On A Strong Note; Bharat Petroleum Rallies 4.3%
Indian share markets continued to trade strong in the afternoon session ahead of key macroeconomic data to be released later in the day and amid strong Asian markets. At the closing bell, the BSE Sensex closed higher by 277 points and the NSE Nifty finished up 87 points. The S&P BSE Mid Cap finished up by 1.1% while & S&P BSE Small Cap too […]
First Majestic Silver Miner Poised To Benefit From Rising Silver Prices
Precious metals, and Gold and Silver miners specifically have been getting some positive attention driven by the recent upward movement in the price of Gold and Silver in the last couple of weeks. In this article, we will cover how First Majestic Silver could potentially benefit from a rising Spot silver price. To be able to benefit […]
World Stocks Hit Fresh Record High As Irma, Korea Rally Continues; Pounds Surges
World stocks hit new record highs on Tuesday amid a continuation of Monday’s risk-on theme which unleashed a dramatic relief rally on easing North Korea tensions and signs that Hurricane Irma caused less damage than feared (which according to Keynesians should be GDP negative). The MSCI All-Country World Index gained 0.2%, hitting the highest on record with […]
U.K. Inflation Advances To 2.9 Percent In August
The weak U.K. pound continued to pressure consumer prices amid growing Brexit concern. Consumer prices, which measures inflation rate climbed from 2.6 percent in July to 2.9 percent in August, according to the Office for National Statistics report released on Thursday. This is higher than the 2.8 percent projected by economists. Also, core inflation advanced more than […]
GBP/USD Daily Analysis – Tuesday, September 12
GBP/USD broke below the bullish trend line on the 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3070 and 1.3224 would likely be seen in a couple of days. Support levels are at 1.3130 and 1.3070. As long as these levels hold, the uptrend could be expected to […]
GBP/USD Elliott Wave Analysis – Tuesday, Sept. 12
GBP/USD Elliott Wave Analysis in 15 Minutes chart A bullish trend is present in the GBP/USD currency pair, 15 minutes chart. The price of GBP/USD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy […]
