Author Archive: Jeremy Parkinson
ETF Watchlist: Week Of March 13
All eyes turn to the Federal Reserve this week as Janet Yellen and company meet on Tuesday and Wednesday for their quarterly meeting. A rate hike, which was considered more likely than not recently, has become a virtual lock with the blowout jobs report released on Friday. The question now becomes how many rate hikes […]
What To Watch On The Breakdown In Oil & Gold As DXY Accelerates
Talking Points: Oil Prices fell on Tuesday as supply shortage from OPEC may not extend Gold on longest losing run since October Gold pushes lower on appreciating UST 10YR Yield & USD Ahead of NFP Oil Price Forecast: Is the Bear on the Way Back? Blame the Americans. Specifically, the American shale oil producers for the recent […]
The Euro And The Pending Bounce
While Europe is certainly not turning bullish, what we do see is a bounce due to the fundamental focus of the US debt ceiling battle looming on the horizon. Naturally, the press will be blaming Trump so we should be prepared for headlines like “US Going To Default”. The press will use this incident […]
Small Gains On Accumulation
Markets finished the week with an accumulation day on Friday, with bulls coming in at 20-day MAs for the S&P and Nasdaq. The Russell 2000 also dug in, although buyers worked with no clear support level, but Friday’s finish may offer an opportunity for a swing low to develop if there is some upside on […]
Staying Private: A Contrary Push Or A Weakening Pull?
The number of public companies listed on U.S. exchanges peaked in 1996. Due to mergers on the one hand and de-listings on the other, factors far offsetting new initial public offerings, this number has fallen drastically since then, to less than half of its peak. Part of the reason for this reduction is that […]
Pre- Market Week ETF Look
There’s quite clearly a diversity of opinion here on Slope, as SB’s post pointing to bullish times ahead is somewhat different than my all-hell-is-about-to-break-loose view. Time will tell. On the latter, I offer these ETF charts…DIA First is the Dow 30 DIA which, if nothing else, is quite a distance from its main supporting trendline. Last week saw some […]
Moving Off Extreme Oversold Readings
It wasn’t a bad Friday but not the strong close to the week I was looking for. Miners are telling me metals will bounce in the week to come along with lots of other stocks after a week of rest and a small correction. We remain at extremely oversold levels even though we hardly fell in […]
Bernanke Was Right
And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion. –Ben Bernanke, Washington Post Op-Ed, 2010 They laughed at old Ben. “That’ll never work,” they said. “This won’t benefit Main […]
AUD/USD Forecast March 13-17
AUD/USD posted slight losses for a second straight week, as the pair closed at 0.7539. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, a sparkling jobs report has virtually ensured a rate hike coming next week. Still, wage growth disappointed, falling short of the forecast. In Australia, the RBA […]
