Author Archive: Jeremy Parkinson
Weakness Coming Into The Market
My Swing Trading Approach It remains to be seen whether the bulls are going to manage a “buy the dip” reaction to the morning’s pre-market gap down. Should that happen, I’ll likely add to the long exposure already in the portfolio. Should it not, reconsidering the short side comes into view yet again. Indicators Volatility […]
E Forex Analysis Of GBP/USD For Wednesday, August 15
Every day is not an independent day in forex trading and it is an extension of previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the GBP/USD pair opened at 1.27594 and went high at 1.28170 and gone to low at 1.27039 and finally closed […]
Is Jerome Powell Just As Clueless To Market Risks Today As Ben Bernanke Was In 2007?
One of the greatest Fed gaffes in history was former Fed Chair Ben Bernanke’s 2007 claim that the subprime meltdown was “contained” and would not “seriously hurt the economy.” What followed was the 2008-Crisis… the largest, most systemic crisis in 80 years. Fast forward to today, and this time around Fed Chair Jerome Powell seems […]
Timcarry Tim Ross
Emerging markets have been absolutely falling to pieces, and after yesterday’s ridiculous, meaningless bounce-back rally, things are the proper color again: Red. I’m getting a very late start this morning, so here are a few ETF charts I think merit observation. First is the oil and gas explorers, which is on the cusp of an important […]
Pension Liabilities Skyrocket: It’s The Promises, Stupid
Unrestrained benefit growth is behind many state fiscal crises: Special spotlight on Illinois. This is a guest blog courtesy of Wirepoints and authors Ted Dabrowski and John Klingner. It’s the Pension Promises, Stupid! You can trust public pension apologists to deflect any critique that calls out the failure of defined benefit plans. Unsurprisingly, their response to a recent Wall […]
Crude Approaches Year-Old Trend Line
Crude oil has been climbing a trendline for the past year. This Great Graphic depicts this trend on a weekly bar chart. Depending exactly the line is drawn, it comes in now near $65 a barrel. The technical indicators are consistent with further losses. Oil is off for a third day, alongside other industrial commodities, including copper. In addition […]
Empire State Manufacturing Survey: Activity Remains Robust In August
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 25.6 was an increase of 3.0 from the previous month’s 22.6. The Investing.com forecast was for a reading of 20.3. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]
E Forex Analysis Of EUR/USD For Wednesday, August 15
In Forex Trading, every day is not an independent day, it is an extension day of the previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the EUR/USD pair opened at 1.13994 and went high at 1.14287 and gone to low at 1.13299 and finally […]
Wicksell’s Elegant Model
“It’s unbelievable how much you don’t know about the game you’ve been playing all your life.” – Mickey Mantle The word discipline has two closely related applications. Discipline may refer to the instruction and nurturing of an individual. It can also carry the connotation of censure or punishment. The purpose of discipline, in either case, is to […]
Netflix’s Race Against Time
If someone offered you the opportunity to invest your money in a company that has been around for well over a decade, hasn’t had positive cash flow in over 4 years (in fact, actually burned more cash each year), has an idea but can’t really define when they’ll start making positive cash flows…. all for […]
