Author Archive: Jeremy Parkinson
U.S. Gold Exports To London Surge
As U.S. gold exports to Hong Kong and China fell 25% in the first four months of the year, London picked up the slack. According to the USGS, U.S. gold exports to London surged more than doubled from January to April, compared to the same period last year.Interestingly, the amount of gold exported to London […]
Dollar Dumped, Copper Clubbed, FANG Fubar, & Tech Wrecked
Even with Navarro’s plunge protection, The Dow closed below its 200DMA for the first time since Brexit (June 2016)… Artist’s impression of Peter Navarro’s role this afternoon… China started off well on the RRR Cut – then it went pear-shaped… European stocks erased all the hopeful bounce from Friday and then some… […]
Regenxbio – Chart Of The Day
Even on days when the market tanks Barchart can help you find stocks beating the trends.The Barchart Chart of the Day belongs to Regenxbio (RGNX). I found the biomedical stock by using Barchart to sort today’s Top Stocks to Own list first by the most frequent number of new highs in the last month then I used the Flipchart feature to […]
Dip Plays For All You Dip Buyers
The bulls fell off their rockers today, but as has been seen many times more in the past, the dip buyers tend to come in and save the day at the last second. So obviously, that is what I am looking for here today. Getting short at the open didn’t have a good risk-reward setup […]
EC The Best Home Improvement Stock: Home Depot Vs Lowe’s
The home improvement industry in North America is dominated by two major players, Home Depot (HD) and Lowe’s (LOW). For investors both Home Depot as well as Lowe’s have been very strong investments in the past, the two stocks returned 870% and 420%, respectively, over the last ten years, vastly outpacing the S&P 500’s total […]
Market Leaders Getting Crushed
With the US stock market getting crushed to start the trading week, below is a quick snapshot highlighting the performance of various ETFs across asset classes. For each ETF, we show its performance today, quarter-to-date, and year-to-date. Today’s market action is pretty simple to explain. We’re seeing extreme selling in the areas of the market […]
June 2018 Texas Manufacturing Survey Declines
Of the three Federal Reserve districts which have released their June manufacturing surveys – all were in expansion. A complete summary follows. Analyst Opinion of Dallas Fed Manufacturing Survey This survey remains in positive territory with new orders improving and unfilled orders significantly improving – and both in positive territory. Even though this survey declined, […]
The Global Stock Markets Are Highly Correlated
The short-term downtrend shifted into high gear selling today as confirmed by these Bullish Percents. The Global Stock Index has led the way down for the large cap US stocks, and now it has broken decisively below the 200-day. The global stock markets are highly correlated, so if you see weakness in the global index, […]
Inverse ETFs Surge As Trade War Fears Escalate
Though strong earnings, tax reform and encouraging economic fundamentals are giving some boost to the stocks, trade war fears are playing foul on the stock market. The spat between the United States and its major allies, especially China and the European Union (EU), has turned bitter in recent weeks with tit-for-tat exchange of tariffs. In […]
Understanding The CFNAI Components – Monday, June 25
The Chicago Fed’s National Activity Index, which we reported on this morning, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The complete list is available here in PDF format. In this morning’s Chicago Fed update, we learned that […]
