February 2018 - Page 9 of 24 -

NZDUSD Hits Target On Powell’s Comments And China’s PMI

Feb 28, 2018 Jeremy Parkinson Finance 0

The New Zealand dollar fell against the U.S. dollar as projected in the Forex Weekly Outlook. The Fed’s hawkish comments during Tuesday’s testimony helped boost the U.S dollar outlook against emerging currencies but the unexpected slowdown in Chinese manufacturing PMI further weighed on New Zealand’s currency outlook as experts are projecting a slowdown in the Chinese economy in […]

BTC/USD Forex Signal – Wednesday, Feb. 28

Feb 28, 2018 Jeremy Parkinson Finance 0

Yesterday’s signals were not triggered, as there was no bearish price action at $10,894. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken before 5pm Tokyo time, over the next 24-hour period. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of $10,481. […]

Now Is The Time To Stock Up On Exxon Mobil

Feb 28, 2018 Jeremy Parkinson Finance 0

The long time powerhouse in the oil and gas industry, Exxon Mobil (NYSE: XOM) has had a tough time lately. Last year, 2017, wasn’t kind to shareholders. The beginning of 2018 looked promising, but then the company announced earnings and the stock tanked. What is going on with Exxon Mobil? Is this stock a has-been and […]

This 1 Ratio Calls For A 78% Increase In Silver Prices

Feb 28, 2018 Jeremy Parkinson Finance 0

iStock.com/arnet117 Gold-to-Silver Ratio Suggest Silver Prices Could Soar Stocks have certainly done well in the past few years, but there’s one asset that remains ignored and has massive upside potential. It could outperform stocks easily. It’s silver. As it stands, silver prices trade for very cheap valuations. Ignoring the precious metal could really be a […]

WTI/RBOB Tumble After Bigger Than Expected Crude, Gasoline Builds

Feb 28, 2018 Jeremy Parkinson Finance 0

WTI was higher and RBOB lower after last night’s API (even as the USD rises) but both tumbled after bigger than expected crude and gasoline builds (and a new record high for US crude production). Bloomberg Intelligence Senior Energy Analyst Vince Piazza explained that the crude market is in a holding pattern with oil vacillating around $60 […]

BEA Leaves 4th Quarter 2017 GDP Growth Essentially Unchanged At 2.53%

Feb 28, 2018 Jeremy Parkinson Finance 0

In their second estimate of the US GDP for the fourth quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.53% annual rate, down -0.01% from their previous estimate and down -0.63% from the prior quarter. This report contains no material revisions. The largest change consisted of the […]

Acadia Triangle

Feb 28, 2018 Jeremy Parkinson Finance 0

This morning’s big hit for me is Acadia Pharmaceuticals. I’ve been tracking this one forever, since it’s got a gorgeous symmetric triangle pattern. I shorted it yesterday as it approached its midline, and this morning, blammo, it’s down 16%. A closer view shows the clean pattern and how its broken below the triangle now. I’ve […]

Chicago PMI Declines In February

Feb 28, 2018 Jeremy Parkinson Finance 0

The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]

Watching S&P 500 Breadth

Feb 28, 2018 Jeremy Parkinson Finance 0

As shown in the chart below pulled from our interactive Chart Tool (available to anyone), the S&P 500 remains just above its 50-day moving average. The percentage of stocks in the S&P 500 that are trading above their 50-day moving averages remains below the 50% mark, however, which is a sign of weak breadth relative to where […]

What Is ServiceNow’s 2018 Acquisition Strategy?

Feb 28, 2018 Jeremy Parkinson Finance 0

Photo Credit: Executive Networks Media/Flickr.com According to a MarketsandMarkets report published last year, the global cloud-based ITSM Market is estimated to grow 15% annually over the next few years to $8.78 billion by 2021. The growth is expected to be driven by increased adoption of BYOD policies and mobile devices across organizations. ServiceNow’s Financials ServiceNow (NYSE: NOW) recently […]