Author Archive: Jeremy Parkinson
Crude Oil Elliott Wave View: Ending A Flat Correction
Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from the 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. A revised view suggests the decline starting from 1/3 high (55.24) is unfolding as a flat Elliott Wave structure where Minor wave A ended at 50.71 and Minor wave […]
Urban Outfitters CEO: “Like Housing, The Retail Bubble Has Now Burst”
For months now we’ve talked about the retail bubble and the effects of its implosion on mall owners across the country (see “America’s Desperate Mall Owners Turn To Grocers, Doctors & High Schools To Fill Empty Space” and “Pittsburgh Mall Once Worth $190 Million Sells For $100” for a sample of the carnage). Now, after […]
A Utility That Can’t Afford Its Dividend
Dividend investors love utilities. That’s not surprising. These companies usually provide solid yields and stable dividends. This is despite the fact that SafetyNet Pro ranks most utilities a C or lower. And there’s a simple reason for that… Cash flow is key to dividend safety. Utilities use debt to finance operations and dividends. So their cash flows […]
Chinese Ministers Talk About Equities, Housing, Commodities And More
Multiple Chinese ministers made remarks at press conferences of the annual National People’s Congress. Here are the highlights and how they could impact China’s economy and financial markets. China Securities Regulatory Commission (CSRC)Chairman Liu Shiyu: “Stabilizing markets, strengthening regulations and progressing in reforms were the regulator’s key tasks in 2016.” This is likely continue to be the case in […]
Why U.S. New Home Sales Are Stalling
Previously, in looking at the total market cap of the new homes sold in the United States, we found that the market for new homes in the U.S. began to noticeably decelerate after September 2016. Since market capitalization is the product of both new home sale prices and the quantity of new home sales, to find out […]
GBP/USD Bearish Channel Aims For 1.20
GBP/USD 4 hour The GBP/USD remains in a downtrend as long as price stays in the bearish channel (red lines). Price is moving towards the Fibonacci targets of wave 5 and wave 3. A bearish continuation could see price move towards 1.20 which is a psychological round level, previous bottom (green) and 161.8% Fibonacci target. […]
E Daily Markets Forecast Outlook – Thursday, March 9
Thursday Market Commentary – March 09, 2017 Stocks Sell Near-Term – Update: Near-term downtrend remains intact. Look for 5% to 7% correction from the near-term highs on March 01 now in the major indexes. US Dollar Index Hold to Buy Near-Term – Near-term forecast remains the same from Tuesday. The possibility exists for a decline in the USD […]
Are Central Banks Losing Control?
If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: “Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system.” Stated another way, Wallerstein is asking: what do central banks no longer control? The quote is from Wallerstein’s recent […]
Dividend Paying Stocks – Part Of The Solution?
All dividend-paying stocks are not equal. Some may be very high risk; some will putter along, while others may be the salvation for those desperate for income. Why consider them? How do you pick the right ones? Since the 2008 bank bailouts, even with the recent increases, interest rates have been at historically low levels. […]
CAD: Trough In 2017, Recovery In 2018: Where To Target? – Credit Agricole
The Canadian dollar is struggling with the tumbling price of oil. What’s next? Here is their view, courtesy of eFXnews: In our view, USD/CAD will be dominated by the trend in the ‘big dollar’ over the coming months. This is because Canadian domestic data has little impact on Canadian rates at the moment and because […]
