Indian Indices Trade Marginally Higher; IT Sector Up 2.6%
Jan 24, 2018Jeremy Parkinson0
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and healthcare sector witnessing maximum buying interest. Telecom stocks are trading in the red. The BSE Sensex is trading up 31 points (up 0.1%) and the NSE Nifty is trading up 10 points (up 0.1%). The BSE Mid Cap index is trading down by 0.4%, […]
SPX 3000?
Jan 24, 2018Jeremy Parkinson0
Year-to-date gains/losses made in the 9 Major Indices and 9 Major Sectors are shown on the graphs below…amazing gains after only 15 trading days. The SPX is already over half-way to the 10% target, I had forecast in this post for the entirety of 2018. An extended outlook for the SPX sees major resistance at 3000 (its next “Big Round Number”), which is confluent with two external Fibonacci retracement levels (2984 and 3047), as shown […]
Why The T.I.N.A. Market Creates Overvalued Dividend Stalwarts
Jan 24, 2018Jeremy Parkinson0
This piece will be focused on the T.I.N.A. market that we’ve all been investing in throughout the last handful of years. I’ll be taking a look at the risks and repercussions of such an environment, and how I’ve been dealing with it personally. Many of you may not be familiar with the T.I.N.A. acronym. I’m […]
Cryptocurrencies crash in a rollercoaster week for blockchain shares
Jan 18, 2018Jeremy Parkinson0
Beginning on January 16, cryptocurrency crashes witnessed collective losses of $300bn in just 36 hours. The value of bitcoin crashed dramatically on January 17, falling below $10,000 for the first time in six weeks. Ever prone to sharp fluctuations, the cryptocurrency’s price rallied later in the evening in an unexpected turnaround. The early indications of cryptocurrencies […]
“Beige Book” Drivel: Fed Reports Modest To Moderate Expansion
Jan 17, 2018Jeremy Parkinson0
The Fed’s “Beige Book” is a compilation of economic activity by each of twelve Federal Reserve districts. CNBC reports Fed’s Beige Book: US economy, inflation growing at modest-to-moderate pace. Bloomberg reports Fed Says Almost All Districts Saw Modest to Moderate Growth. MarketWatch reports Fed’s Beige Book finds muted reaction to Republican tax plan. Only MarketWatch bothered to link […]
Government Shutdown Causes VIX Spike As Traders Take Profits In Stocks
Jan 17, 2018Jeremy Parkinson0
Wild Tuesday In Stocks & Crypto Cryptocurrencies had a disastrous crash on Tuesday as most were down over 20% and some were down over 40%. The total market capitalization peaked at $830 billion two weeks ago. The latest check is $496 billion which is an over 40% decline. This is great news for the economy […]
Tesla’s Journey: From IPO To Passing Ford In Value, In Just 7 Years
Jan 17, 2018Jeremy Parkinson0
In Tesla’s final years as a private company, things got pretty hectic. As we showed in Part 1: Tesla’s Origin Story, the launch of the Roadster was a public relations success, but it created all kinds of problems internally. There were massive cost overruns, a revolving door of CEOs, layoffs, and even a narrow escape from […]
Good News: Customer Service Fixed The Stock Market
Jan 17, 2018Jeremy Parkinson0
Yes, customer service? I’d like to report an outage in the magic money machine. Whatever went “wrong” on Tuesday went “right” on Wednesday as stocks surged and the Dow broke above 26,000 again. Apparently, someone called customer support yesterday when the rally faded. The S&P couldn’t quite get there on a 1% gain and […]
ASML Results Pull Semiconductor Equipment Maker Shares Higher
Jan 17, 2018Jeremy Parkinson0
Shares of semiconductor equipment companies are strong this morning after peer ASML (ASML) reported fourth quarter earnings and revenue that were ahead of expectations, as customers looked for early delivery of equipment to meet high demand expectations. Q4 RESULTS: The Dutch-based semiconductor equipment maker reported Q4 revenue of EUR 2.56B versus a consensus estimate of […]
Updated Targets For Crude, USD, And Gold
Jan 17, 2018Jeremy Parkinson0
(Audio length 00:12:43) Rick Ackerman is with me today to share his thoughts on the oil, USD, and gold charts. Even though he is an admitted crude bear and dollar bull the targets he has are the opposite of those outlooks. As for gold, Rick is seeing some higher targets but nothing major for the […]