Author Archive: Jeremy Parkinson
GBP/USD: Weakens, Eyes 1.4052 Support Zone.
GBPUSD: With the pair continuing to decline, more weakness is envisaged towards its key support located at 1.4052 level. On the downside, support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness […]
FTSE 100 Claws Back Losses And FOMC Minutes Are On Deck
The FTSE 100 (FXCM: UK100) is higher by 0.66% at the time of writing in what appears to be an attempt to claw back some of yesterday’s losses. We do note that crude oil prices are slightly higher compared with yesterday afternoon, as the API reports that U.S. Crude oil inventories fell by 4.3M barrels […]
No Bull. Economic Weakness Continues To Pressure Corporate Profitability
Is the U.S. economy really in great shape? The U.S. Federal Reserve does not seem to think so. They started the year with an intention of raising the overnight lending rate four times – from 0.25% to 1.25%. In March, they announced that it would more likely be a mere two. And today, the Atlanta […]
The Market Is Already Nearing Levels That Should Generate The Cycle Low
The market is already close to oversold levels capable of forming the cycle low. If the S&P doesn’t drop more than 60 points before bottoming then the runaway move will be confirmed. When oil starts back up that will be a positive for stocks.
The Toughest Time To Buy?
The toughest time to buy is after a market has already enjoyed a strong rebound. However, often times it is a profitable and necessary time to buy as that market continues higher. Video Length: 00:12:37
U.S. Cash Deficit March 2016
The U.S. Cash Deficit for March came in at $98B easily topping last March’s $18B deficit and bringing the 2016 YTD deficit to $272B. Revenue: Revenue was down $35B from last year, which had a $35B inflow from the wireless spectrum auction. So all together flat, with some increases and decreases cancelling each other out. […]
S&P 500 And Nasdaq 100 Forecast – April 6, 2016
S&P 500 The S&P 500 fell during the course of the day on Tuesday, testing the 2040 handle. The market has seen support there previously, so it’s very likely that it will find a bit of support there again. I think that the market will eventually rally due to the fact that the Federal Reserve […]
Tesla Motors Inc. Over $250 Again – Not Fundamentals
Tesla (TSLA) is over $250 per share – again.And again for no clear fundamental reason. The Model S shares have not exceeded projections and the Model X has fallen short. But there is a wild card – the Model 3.Or more accurately the Model 3 prototype. What does it take to justify a value of […]
The Slowdown Downgrades The ‘New Normal’ But Not (Yet) All ‘Stimulus’
The only common factor on the economy viewed from the mainstream in the past few years is the shrinking standards by which it is judged. Janet Yellen can somehow suggest erratic 2% GDP growth is “overheating” or close to it only because that is the reduction of the “new normal.” Because that has been so […]
4 Great Long Term Momentum Charts For Volatile Markets
Volatility has eased in recent weeks, but it’s still up in the air (at least, for now). Markets simply do not become quiet right away, it takes time for trend changes to take place. Best case, today’s market is transitioning from very volatile to “simply” volatile before becoming bullish. Worst case, the market took a breather lately, and […]
