Author Archive: Jeremy Parkinson
Make Your Case, Jay
June 13 sticks out for both eurodollar futures as well as IOER. On the surface, there should be no bearing on the former from the latter. They are technically unrelated; IOER being a current rate applied as an intended money alternative. Eurodollar futures are, as the term implies, about where all those money rates might […]
Base Metals, Gold, And Uranium – What Actually Matters
Lobo Tiggre, Founder of The Independent Speculator joins me to share his thoughts on a range of resources. We start with base metals and how the trade war fears are impacting prices. China is also considered on the demand front. We then switch to gold and its inability to rebound after the summer drop. Finally, […]
Moving Averages: Month-End Preview – Thursday, Sept. 27
Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month. At this point, before the close on the last day of the month, all three S&P 500 strategies are signaling “invested” — unchanged from last month’s triple “invested” signal. Three out of […]
Elon Finally Goes Too Far
After Elon’s idiotic foray into 420-land (first citing that as the price at which TSLA would be purchased, and then his feckless toke-fest with simple-minded Joe Rogan), the stock had a powerful countertrend rally. …….but stupidly tweeting material non-public information has its consequences………. After hours, people aren’t exactly celebrating this news.
Market Talk – Thursday, Sept. 27
The FED did not set the pace for Asian trading, Fed Chairman Jerome Powell did in the Q+A afterward. The comment that all are referring to today was the FED’s inflation outlook. Guess you really have to ask the question, ‘Have they ever got it right’? The set-up for Asia was not great, with confidence […]
Key Tech Levels To Watch Right Now
What levels are important in the /NQ and key tech stocks like AAPL, AMZN, FB, MSFT and others? Video Length: 00:09:42
Stocks And Precious Metals Charts – Living The Dream
Gold and silver were lower today as the Dollar regained some strength within its recent trading range. It may be cynical, but I also expected gold futures to take a gut check after the recent expiration. And there it is. Stocks were marginally higher on a renewed appetite for risk, although they gave up much […]
Exhibit A For No Growth
The Bureau of Economic Analysis (BEA) revised Q2 GDP to a 4.07464% continuously compounded annual rate from 4.13987%. More importantly, the BEA provided revised benchmark estimates for corporate profits. The good news is that the benchmark was higher. The bad news is that companies still aren’t making any money. All the revisions applied to long […]
Sector Watch: Keeping To A Bullish Narrative
Sectors bullish as a whole, but still with some notable laggards. Financials suck, I’ve played them sporadically throughout the year, and every time, the gains have meager. Energy I have been incredibly skeptical of, though I have played them with much more success, I have stood by on its current rally because the sector itself […]
