Author Archive: Jeremy Parkinson
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Given the success of recent picks lately (DLTR, BIG, TROX), I wanted to share another intriguing short setup, which is Acadia Pharmaceuticals. Its topping pattern right now seems to mirror perfectly its basing pattern from years ago. I anticipate much lower prices in the months ahead. Apparently, their big product is a drug that combats hallucinations. This market […]
NZD/USD Outlook Mired By Failure To Break Channel Resistance
NEW ZEALAND DOLLAR TALKING POINTS NZD/USD pares the rebound from the 2018-low (0.6544) as business sentiment in New Zealand slips to a 10-year low, and the exchange rate may exhibit a more bearish behavior over the coming days as it continues to track the downward trend from earlier this year. NZD/USD OUTLOOK MIRED BY FAILURE TO […]
S&P Creating Topping Pattern Like 2000 & 2007?
Did the topping patterns in 2000 & 2007 have anything in common? Yes! While the S&P was hitting nominal new highs in 2000 & 2007 at each (1), monthly momentum was actually heading lower at each (2). Of late, the S&P is hitting new highs, while monthly which was recently higher than the 2000 & 2007 peaks […]
Trump To Move Ahead With Tariffs On $200 Billion In Chinese Goods As Early As Next Week
All week long, the market has been preoccupied with the hurried effort to strike a new trilateral trade deal to replace NAFTA, which the Trump administration is intent on renaming in order to dispense with what the President says is a “negative connotation” associated with the old acronym. There was real progress on that front […]
Jobless Claims Continue To Fall
Breaking last week’s third straight week of declines, today’s initial jobless claims number came in slightly higher than expected at 213,000. Claims were estimated to rise to 212K off last week’s low reading of 210K. As we have been mentioning the past few weeks, even with this week’s increase in claims, we are still in […]
Stocks, Yuan, Commodities Slump On Report Trump To Proceed With Next $200Bn In China Tariffs
…millions of exuberant stock-buying voices cried out in terror, and were suddenly silenced. Headlines from The Wall Street Journal that merely confirmed what everyone and their pet rabbit already knew – that $200 billion more China tariffs were set to hit next week as the comment period expires – sparked selling… everywhere. While WSJ admits that Trump […]
Visualizing GDP: An Inside Look At The Q2 Second Estimate – Thursday, August 30
The chart below is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor […]
More Emerging Market Chaos – How Long Before It Spreads To The Developed World?
Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge: In response: Argentina Central Bank hikes interest rate to 60 percent (AP) — Argentina’s Central Bank has increased its benchmark interest rate to 60 percent in efforts to halt a sharp slide in the value […]
Why Is Productivity Dead In The Water?
The only possible output of this system is extortion as a way of life. As the accompanying chart shows, productivity in the U.S. has been declining since the early 2000s. This trend mystifies economists, as the tremendous investments in software, robotics, networks and mobile computing would be expected to boost productivity, as these tools enable every […]
EA Slides After ‘Battlefield V’ Delay, Guidance Cut
Shares of “big three” game publisher Electronic Arts (EA) were sliding after the video game giant cut its net bookings guidance for fiscal 2019, driven by the delay of the launch date for its upcoming World War 2 shooter “Battlefield V.” WHAT’S NEW: EA announced this morning that it moved the launch date for “Battlefield […]
