Author Archive: Jeremy Parkinson
Nomura Unveils The ‘4 Triggers’ That Will ‘Burst The Data Bubble’
One of the narratives that is quickly becoming a driver of markets is the idea that a confluence of factors have conspired against market darlings like Facebook and Google. Not the least of these factors is politics. As we noted first thing this morning and as we detailed extensively over the weekend both here and elsewhere, the political […]
Facebook Could Become Solid GARP Play If Near-Term Pressures Continue
Facebook (FB) stock debuted less than six years ago at $38 per share and went through two very distinct sentiment shifts. The current environment, as the company faces pressure from multiple sides to better control use of its massive platform, could very well mark yet another shift. In May 2012, Facebook IPO’d and flooded the market […]
March US Wheat Stocks
Market Analysis The wheat market’s focus maybe split between the upcoming quarterly stocks and the US producers’ prospective planting survey since both USDA reports will be released on March 29. The upcoming March 1 stocks report is important to see if wheat’s current demand trends for exports, feed, and food are remaining on their targets […]
Crude Oil Breaks Out, But Will It Last?
For the past several weeks, I’ve been watching triangle patterns form in crude oil after its slide in early-February. Breakouts from triangle patterns often lead to important directional moves, which is why I believe it is worthwhile to pay attention to these formations. Both WTI and Brent crude oil finally broke out of their […]
S&P, Nasdaq Red As Facebook Carnage Continues
Facebook shares are down another 6%, now trading at their lowest in over 5 months… This is the biggest two-day drop in Facebook since July 2012… (and furthest below 200DMA ever) And are weighing on the broad markets as S&P and Nasdaq join Small Caps in the red for the day…
Why The Bull Market May Be A Jedi Mind Trick
Is the economy really “booming” like the Trump Administration would have you believe? The Bureau of Labor Statistics reported Friday that over 300,000 jobs were created in February, making it the best single-month total since July 2016. And unless you’ve been exploring the Arctic Circle or were kicked off Twitter for expressing politically incorrect views, […]
AUDJPY – Double Bottom At 81.00?
Tomorrow is the FOMC meeting and the market is focused on both the dot plot and the tone of Jerome Powell’s first press conference as Fed Chair. If Mr. Powell remains upbeat about the US economy and maintains a hawkish bias with regard to US monetary policy that is likely to help USDJPY and all […]
Are You Making This Basic Trading Mistake?
I have been trading for more than 20 years and was a fund manager for half that time, beginning on the floor of the Chicago Mercantile Exchange. If I had to list the top three mistakes I see most traders make, one that would for sure be on the list is when people enter the […]
More Confirmation Of Predatory Sales Tactics In Canadian Banking Conglomerates
The Financial Consumer Agency of Canada (FCAC) released its findings today after a year long review of business practices across Canada’s Big Six banks after media reports last year of inappropriate sales tactics and incentives. No surprise they found evidence of a sales driven financial danger zone for bank customers. See: Canada’s financial watchdog slams’ banks […]
