Author Archive: Jeremy Parkinson
GBP/USD – 1.3200 In View?
Cable saw a small sell-off today in the wake of cooler than expected CPI readings, but the pair held key 1.3000 support and appears well on its way towards testing multi-month highs at the 1.3200 level. Tonight is an off night for the eco calendar with nothing on the docket in either UK or North […]
Ethereum: Is This A Breakout?
Ethereum has done tremendously well in the last 48 hours. The Ethereum price shot up an incredible 95 percent in 48 hours. On Monday, Ethereum dipped at $132 and today’s intraday high was $258. That is amazing. Now Ethereum is doing exactly what it has to do in order to sustain its bull market. First, it respected […]
Extraction Oil & Gas, Inc. Announces Pricing And Upsize Of Private Offering Of Senior Unsecured Notes
DENVER, July 18, 2017 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (Nasdaq:XOG) (“Extraction”) priced its previously announced private offering of senior unsecured notes due in 2024 (the “Notes Offering”). The senior unsecured notes (the “Notes”) will bear interest at 7.375% per annum. Extraction upsized the offering amount from $350 million to $400 million in aggregate […]
Breakouts Hold – Tuesday, July 18
While little happened over the last couple of days since the breakouts, enough was done to hang on to these gains. Tech had the best of the action, pushing away from support and consolidating the bullish position. Volume wasn’t spectacular but not surprising given the summer season. The Nasdaq defended breakout support with a […]
GOP Healthcare Plan And The VIX
Tuesday the Dow fell because of weakness from Goldman Sachs (the Dow is price weighted and Goldman has a high price) while the other indexes were mixed. Ignoring today’s action and focusing on the last few weeks of trading, there’s no question the market has been unusually quiet. As you can see from the chart […]
‘Netflix & Chill’ – Full Visual Tour Of Tuesday’s Market Action
So if you were looking for a ballsy bitcoin call, there you have it. Goldman got hit after a FICC fumble that everyone saw coming from a goddamn mile away only to suddenly turn around and act surprised when expectations became reality: The story of the day was of course Netflix, which was sharply higher on […]
IBM Reports 21st Consecutive Quarter Of Declining Sales, Record Low Effective Tax Rate
Last quarter, IBM almost fooled the market when it “beat” but only thanks to using the lowest (until then) effective non-GAAP tax rate in recent history (excluding one charge-filled quarter when the rate was negative and thus N/M). Fast forward one quarter when IBM has done it again: in the three months ended June 30, IBM reported GAAP EPS […]
Will More Hawkish Central Bank Policy Be The Reason For A Major Market And Economy Pull Crash?
With the ECB meeting this week, the Bank Of Canada raising rates last week, and the Fed continuing to talk about unwinding its balance sheet the markets have only taken notice on the long end of yields. Founder of Providence Financial, Anthony Succaro shares his thoughts on the changing narrative. We address the question of […]
Government Pushes Hiring Up In June
Government Helped June Labor Report The private sector drives jobs growth in America, so most economists view public sector growth as bad because it’s unsustainable. The worst case would be a growing public sector and a shrinking private sector since the public sector needs private sector money to survive. As you can see in the […]
Earnings Kicking In
“We may encounter many defeats but we must not be defeated.” – Maya Angelou And just like the Nasdaq closed at new highs on the back of NFLX earnings. We’ve got more heavy hitters on deck so we should see more strength over the next few weeks if all continues as it has. Buying dips […]
