Author Archive: Jeremy Parkinson
GBP/USD Wave-4 Retracement In 38.2-50% Fibonacci Zone
GBP/USD 4 hour The GBP/USD is building a larger bullish retracement within a downtrend. The Fibonacci levels of wave 4 (blue) are potential resistance zones for a bearish turn. 1 hour The GBP/USD could expand the correction within wave 4 (blue) via a WXY (orange) unless price breaks below the support (blue/green) which could trigger […]
Beware The Bearish Rising Wedge
In this report, I would like to show you a chart pattern that seems to be showing up in a lot of different area’s of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases hadn’t broken down yet. The […]
E Now Is The Best Time To Be Heavily Long U.S. Stocks
Like January 1995, this is one of those rare moments when the S&P 500 is on a cusp of a massive rally. And by massive, I mean 20%, 30%, etc. Here’s my rebuttal to all the doomsayers who think that the S&P will fall at least 10%. VIX being compressed doesn’t mean anything. Some banks […]
Small-Caps Sharply Underperform S&P As EPS Downgrade Concerns Grow
As discussed over the weekend, despite the seemingly endless retail euphoria which has plowed a record amount of cash YTD into broad market ETFs, the latest CFTC data showed that for the first time since the election speculators turned net negative on the Russell 2000 after hitting an all time high as recently as December. […]
IPO Review: Snapchat (SNAP)
All the kids are raving about Snapchat (SNAP) and so were investors in advance of the company’s IPO which occurred earlier this month. For those who are unfamiliar with Snapchat, it is a mobile app that allows you to send videos and pictures, both of which will self destruct after a few seconds of a […]
Asian Markets Follow Wall Street’s Mixed Performance
U.S. stocks traded relatively flat on Monday and Asian stocks seemed to echo the sentiment on Tuesday. The S&P traded in its tightest range so far this year on Monday, as traders sat to the side while waiting for the Federal Reserve to being its two-day policy meeting today. Approximately 6.18 billion shares changed hands […]
Trade Growth Confirms Stronger Economies In U.S. And China
The U.S. Census Bureau’s data for goods and services exported to the U.S. from China and from the U.S. to China in January 2017 suggests that both economies are growing much more strongly than they were a year earlier. At least, that’s what is suggested by the sharp rise in the exchange-rate adjusted year-over-year growth […]
Post-NFP AUD/USD Rebound Eyes 0.7600 Hurdle Ahead Of FOMC Meeting
Currency Last High Low Daily Change (pip) Daily Range (pip) AUD/USD 0.7588 0.7592 0.7531 47 61 AUD/USD Daily Chart – Created Using Trading View AUD/USD extends the advance following the U.S. Non- Farm Payrolls (NFP) report, with the pair at risk for a larger recovery as the 0.7500 (50% retracement) handle offers near-term support; however, the string […]
EURUSD To Get More Clarity After FOMC & Dutch Elections
The euro has been consolidating near a 15-year low with the first two months of the year showing no major movements in the currency pair. While there are significant fundamental risks to the single currency in the form of the elections in Europe this year, the euro has been so far muted. However, this is […]
Charles Schwab Launches A Human/Robo Hybrid Advisor Service Dubbed “Schwab Intelligent Advisory”
Charles Schwab Corp (NYSE:SCHW) just launched a new offering for investors that hopes to capitalize on the rising trend of automated investments while still retaining the old school touch of human advisors.
