March 2018 - Page 161 of 295 -

Loonie Tests 2018 Lows As Canada Existing Home Sales Crash To 5 Year Lows

Mar 15, 2018 Jeremy Parkinson Finance 0

The Canadian Dollar dropped, testing the lows of 2018, following CREA data showing existing home sales crashed to the lowest since 2013 and price appreciation slowed dramatically. Home sales via Canadian MLS® Systems were down 6.5% in February. This marks the second consecutive monthly decline following the record set in December 2017 and the lowest reading in nearly five years. […]

Jobless Claims Continue Their Downtrend

Mar 15, 2018 Jeremy Parkinson Finance 0

Whenever you’re talking markets and charts, the last thing a bull wants to hear is the word downtrend. That is unless it relates to weekly Jobless Claims, and in the case of this indicator, they remain stuck in one of the most prolonged downtrends any of us will ever see. In this week’s report, first-time […]

High Quality Trading Is Episodic, Not Continuous

Mar 15, 2018 Jeremy Parkinson Finance 0

There are two types of market returns. Alpha and beta. Beta is what you get for diversifying and passively holding the market. Alpha is the opposite. It requires an edge, of which there are three: informational, analytical, and behavioral. And as Ray Dalio says, “Alpha is zero sum. In order to earn more than the market return, you […]

US Dollar Hampered By Downswing In Q1 Growth Expectations

Mar 15, 2018 Jeremy Parkinson Finance 0

The US Dollar (via DXY Index) has had a docile week thus far, with each of the past two days of price action constrained by the high/low range established on Tuesday. Despite rates market pricing in a 100% chance of a 25-bps rate hike by the Federal Reserve next week, a disappointing reaction to the February CPI […]

Tis The Season To Go Long Petro

Mar 15, 2018 Jeremy Parkinson Finance 0

Tis the season to get long oil as the five years upward price trajectory between mid-March and April has been solid for at least the last five years. For oil bulls, this is the most wonderful time of the year. This comes as the Energy Information Administration shocked markets with big product draws as bears […]

March 2018 Empire State Manufacturing Index Improves

Mar 15, 2018 Jeremy Parkinson Finance 0

The Empire State Manufacturing Survey improved and remains in expansion. It was well above expectations. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys – and this survey jumps around erratically – but has been relatively steady for the last year. Key internals in the report marginally improved so I […]

Testing Financial Cycle Mania

Mar 15, 2018 Jeremy Parkinson Finance 0

Over the last year, cryptocurrencies became an icon for the speculative fervor that has increasingly driven the 2009-18 financial cycle. Leading the sector, bitcoin rose from $1200 last March, to $19,187 by December and back to $8140 this morning. Between rampant fraud, stolen coins, regulatory crackdown, outright bans and liquidation selling, cryptos can’t seem to […]

Weekly Unemployment Claims: Down 4K

Mar 15, 2018 Jeremy Parkinson Finance 0

Here is the opening statement from the Department of Labor: In the week ending March 10, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week’s revised level. The previous week’s level was revised down by 1,000 from 231,000 to 230,000. The 4-week moving average was 221,500, […]

Downward Pressure Mounting

Mar 15, 2018 Jeremy Parkinson Finance 0

The main U.S. stock market indexes extended their Tuesday’s losses, as they closed 0.2-1.0% lower yesterday. The S&P 500 index lost 0.6% following Tuesday’s bounce off resistance level at 2,800. However, it remained at the support level of last Friday’s daily gap up. It currently trades 4.6% below January 26 record high of 2,872.87. The Dow Jones […]

Boeing, About To Bring Down The Dow If This Breaks

Mar 15, 2018 Jeremy Parkinson Finance 0

When it comes to high flying stocks in the Dow, Boeing is a top performer, as it is up tenfold since the 2009 lows. The trend in BA is up and nothing of late has changed that! The strong rally saw Boeing kissing the underside of 30-year resistance line (A) and 9-year rising channel (B) […]