Author Archive: Jeremy Parkinson
USD/CAD Daily Analysis – Monday, March 12
USD/CAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2247 is underway. Deeper decline is still possible in a couple of days and the target would be at 1.2740 area. Resistance is at 1.2900, only break above this level could trigger another rise towards 1.3100.
Individual Investors Favoring Technology Stocks
Periodically I review the most active stocks individual members of Better Investing indicate they are purchasing. A notable feature on the current list is the fact technology related stocks are dominating member purchases. Full File (xls) Additionally, after the market’s close on Friday, I posted a tweet noting Fidelity customers’ top purchases. Again, technology stocks are gaining the interest […]
Synchronized Global Growth Is Ending: Shocks Come Next
Economic pleasant surprises are in the past, as is the buildup of the balance sheet. The future is deleveraging. Alarm bells are ringing. No one cares. By now, everyone knows stock only go up. For those in tune with other ideas, Financial Times writer Stephen King suggests the Global Economy is Due for a Downswing. Jim […]
Bitcoin BTC/USD Elliott Wave View Calling For Rally Toward $15.000
Since all-time high in December 2017, Bitcoin BTC/USD ( Value in US Dollar ) dropped 70% before finally bottoming around $6590 on the 6th of February 2018. The big decline drove fear into the digital market as many new investors/traders lost their money during that period so they decided to stay away and avoid further […]
Trends For New Home Sale Prices At The Beginning Of 2018
At the beginning of 2018, we find that median new home sale prices are continuing to follow the upward trajectory that they have since September 2015, where they are escalating at an average rate of $942 each month. That steady pace of growth is the slowest rate of change for median new home sale […]
Asian Markets Head Higher On U.S. Jobs Data
Asian stock markets started the week higher on Monday morning after Friday’s strong U.S. jobs eased inflation fears and increased risk appetites. Nonfarm payroll data out Friday showed that 313,000 jobs were created in February, the highest increase in over 18 months, and a number well above Reuters’ prediction of 200,000 jobs. Hourly earnings were […]
E Market Direction Is No Longer Important
In February of 2018 the financial dam welling up all asset prices sprang a leak, demonstrating to newer investors that markets can actually go down – a lot, and fast. However, the Fed’s derivative finger was quickly applied to plug up the hole, and financial waters again started to rise toward their previous level. With […]
Stocks To Trade: GNTX, EWBC, NAV
Monday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Gentex (GNTX) Long East West Bancorp (EWBC) Short Navistar (NAV)
Best And Worst S&P 500 Stocks Of The Bull Market
To commemorate the nine-year anniversary of the bull market, in an earlier post, we highlighted the best and worst performing stocks of the bull market that began on 3/9/09. The first list below highlights the 25 top performing current members of the S&P 500 since the bear market low in March 2009. The best performer of […]
Sentiment Snapshot: Fundamentally Sound
Price by itself can very quickly change the tone in markets, and we saw a very clear example of that in the latest weekly sentiment survey on Twitter. With the S&P 500 closing above its 50-day moving average on Friday and apparently completing a so-called “W-shaped recovery”, technicals-sentiment rebounded sharply on the week. Fundamentals sentiment also rebounded […]
