Author Archive: Jeremy Parkinson
US Stock Market – The Flight To Fantasy
Divergences Continue to Send Warning Signals The chart formation built in the course of the early February sell-off and subsequent rebound continues to look ominous, so we are closely watching the proceedings. There are now numerous new divergences in place that clearly represent a major warning signal for the stock market. For example, here is […]
Top 5 Charts Of The Week – Tuesday, March 20
In this video we run through the weekly email newsletter “The Top 5 Charts of the Week” and add a bit of extra comments and context. In this week’s edition we look at the US IPO market and how the dominant share of companies going to market have negative earnings, then a look at how […]
Stocks And Precious Metals Charts – FOMC Tomorrow
‘Life is a school of probabilities.’ Walter Bagehot Stocks were largely unchanged today. There are going to be watching Jay Powell’s first FOMC meeting as Chairman when they issue their decision and guidance tomorrow afternoon. Gold and silver were off a bit, based on a stronger ‘King Dollar’ as Larry Kudlow likes to say. I […]
WTI/RBOB Extend Gains After Surprise Crude Inventory Draw
WTI/RBOB prices spiked today on OPEC chatter about how well they are doing, and extended those gains after API data showed a surprise crude draw (3.25mm build expected) and bond gasoline and distillates saw draws. API Crude -2.739mm (+3.25mm exp) Cushing +1.644mm (-200k exp) Gasoline -1.063mm Distillates -1.926mm After 6 of the last 7 weeks showing builds, […]
4 Tech ETFs That Tumbled Most On Facebook Data Scandal
The social media giant Facebook (FB – Free Report) saw the worst day in nearly four years as its shares tumbled 6.8% on Monday trading session and wiped out $36.4 billion from the company’s market value. The steep decline came as the data breach reports sparked concerns over how Facebook manages third-party access to user data. The […]
Just An Average Sell-Off For Now
So far this sell-off that has lasted six of the last seven trading sessions has been anemic at best. That stat is of course assuming that SPX finishes lower on the day, which it has been vacillating between positive and negative territory. Nonetheless, the volume today is one of the lowest readings of 2018. There […]
Stocks Fall As February Economic Data Has Been Weak
Stocks Fall Sharply On Monday There was a steep decline on Monday, which pushed the S&P 500 towards the lower end of the range it has been in for the past few weeks. The S&P 500 was down 1.42% and the Nasdaq was down 1.84% because Facebook’s 6.8% decline dragged it down. Even though the market doesn’t […]
Key Indicators Growing…
“Davidson” submits: Chemical Activity Barometer(CAB) is reported at 121.19 which represents a short pause after strong period of rise. The CAB, introduced in 2012, is not well known. It has been calculated to 1919 showing it to be an excellent indicator of economic factors influencing market prices. Shown are the CAB correlations to Temporary Help […]
Betting Against The Flows
Money flowed into passive investment vehicles at an ever-increasing rate in 2017. It was a record year for these products designed to replicate a stock market index and agnostically own a basket of securities without discretion. As investors who build our portfolios from the ground up through careful security selection, we think the ramifications of […]
