November 2017 - Page 60 of 222 -

The Market Establishing New All-Time Highs

Nov 22, 2017 Jeremy Parkinson Finance 0

My Swing Trading Approach Volume should start to dry up today. Surprising to me that there was above average volume yesterday, considering it was a holiday week. I won’t rule out adding an additional position to the portfolio, but right now, I am content with my current crop of trades. I will certainly increase the […]

Commodities Strength Continues

Nov 22, 2017 Jeremy Parkinson Finance 0

Commodities, particularly oil, continue to be strong. You can see the breakout a few weeks ago from the range DBC was in, and the successful test afterward. More specifically, oil is gaining strength, I suppose with an eye toward next week’s big OPEC meeting/announcements. The yellow area represents a strong base, and I’ve circled where […]

Durable Goods New Orders Decline In October 2017

Nov 22, 2017 Jeremy Parkinson Finance 0

The headlines say the durable goods new orders declined and backlog shrunk. In addition, the unadjusted three month rolling average declined. Analyst Opinion of the Durable Goods Situation Our analysis is more negative than the headlines as the rolling averages declined. Civilian aircraft and defence spending were the main headwinds this month.This series has wide […]

Hammond Hammers The The Pound With Lower Forecasts

Nov 22, 2017 Jeremy Parkinson Finance 0

UK Chancellor of the Exchequer Phillip Hammond delivered the budget in the British parliament. He says that the economy is confounding those who talk it down. However, the lower growth forecasts are sending the pound lower, to 1.3225 1.3214. GBP/USD was trading around 1.3250 ahead of the speech, entrenched in the recent range: between 1.3220 to 1.3270. […]

S&P 500 Sector Weightings Report — November 2017

Nov 22, 2017 Jeremy Parkinson Finance 0

S&P 500 sector weightings are important to monitor. Over the years when weightings have gotten extremely lopsided for one or two sectors, it hasn’t ended well. Below is a table showing S&P 500 sector weightings from the mid-1990s through 2012. In the early 1990s before the Dot Com bubble, the US economy was much more […]

UMich Consumer Confidence Slides In November As Faith In Stocks Falters

Nov 22, 2017 Jeremy Parkinson Finance 0

Having hit the highest level since Jan 2004 in October, November’s final print shows the University of Michigan Consumer Sentiment index fell from 100.7 to 98.5, as both hope and current conditions slipped. Expewctations for inflation dipped. Consumers saw inflation rate in the next year at 2.5 percent after 2.4 percent the prior month. Inflation rate over next five to 10 […]

Did Market Breadth Confirm The New Highs In Stocks?

Nov 22, 2017 Jeremy Parkinson Finance 0

Bad Breadth Can Foreshadow Bear Markets Market breadth speaks to the number of stocks participating in an advance. Strong market breadth means a high percentage of stocks are making new highs as the major indexes make new highs. Strong breadth also aligns with widespread confidence in stocks and the economy. Bearish Divergence In 2000 The […]

Deere (DE) Tops Q4 Earnings & Sales, FY’18 View Bullish

Nov 22, 2017 Jeremy Parkinson Finance 0

Deere & Company (DE – Free Report) , the world’s leading manufacturer of agricultural machinery, reported fourth-quarter fiscal 2017 results, wherein earnings of $1.57 surpassed the Zacks Consensus Estimate of $1.46. Revenue: Deere posted revenues of $7.09 billion, beating the Zacks Consensus Estimate of $6.91 billion. Outlook: Deere projects total equipment sales to increase about 22% year over year in […]

Michigan Consumer Sentiment: November Final Remains Optimistic

Nov 22, 2017 Jeremy Parkinson Finance 0

The University of Michigan Final Consumer Sentiment for November came in at 98.5, down 2.2 from the October Final reading of 100.7. Investing.com had forecast 98.0. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment narrowed its loss from mid-month, although it was still slightly below last month’s decade peak. Overall, the Sentiment […]

Interest Rates And ‘Reserve Constraints’: Why Endogenous Money Works Without Central Bank Intervention

Nov 22, 2017 Jeremy Parkinson Finance 0

Written by Philip Pilkington, Article of the Week from Fixing the Economists Endogenous money advocates often think that a central bank is required in order to offset increases in government borrowing. The story goes: the central bank targets the overnight interest rate by buying up government securities; if the government issues more debt in the form of […]