Author Archive: Jeremy Parkinson
ETFs In Focus As Oil Breaches $70 Mark
Oil prices gained and Brent crude crossed the $70 mark for the first time in three years, as U.S. crude inventories fell for the eighth time in a row, per EIA data. Moreover, WTI crude prices breached the $64 mark for the first time in three years too. What’s Driving Prices? U.S. crude inventories fell […]
Of Short Squeezes And Outsized Earnings Day Moves
It’s earnings season. Who’s excited? Goldman, for one. Last Friday, the bank suggested that it might be best to simply ignore Q4 earnings and focus on the outlook given distortions from the tax bill. “The Tax Cuts and Jobs Act was signed by President Trump on December 22, 2017 [and] as a result, companies are likely to […]
China Shows How To Fight A 21st Century Trade War
Trade wars made the Great Depression great. When countries needed to cooperate, they imposed tariffs. This reduced trade and increased unemployment in each country. Tariffs are the traditional tool of trade wars. A tariff is a tax one country imposes on another country’s products. Proponents say tariffs give the country time to develop a capability […]
Aflac Selloff On Intercept Article An Overreaction, Says Evercore ISI
The Intercept’s article today on Aflac is “filled with hyperbole, which reduces the credibility of the claims being brought,” Evercore ISI analyst Thomas Gallagher tells investors in a research note. The analyst admits, however, that it is unclear to know whether the fraud allegations by former employees have any merit. Gallagher views the 8% selloff […]
Galectin Therapeutics – Chart Of The Day
The Chart of the Day belongs to Galectin Therapeutics (GALT). I found the pharmaceutical stock by using Barchart to sort today’s 52 Week New High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. I then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled […]
Volatility Rises As Major Indices & Sectors Extend Their Gains
As can be shown on the following Year-to-date percentage gained/lost graphs, U.S. Major Indices and Sectors extended their gains into Friday’s close, except for Utilities and Consumer Staples. However, they did so on rising volatility, as shown on the following SPX:VIX Daily ratio chart. As I mentioned in my post of December 30, it will be important for price on this […]
2018 Poised To Be A Much More Interesting Year Than Many Are Expecting
Stocks continue to be on a tear while the dollar just experienced its fifth straight week of declines against a broad range of currencies, hitting a 3-year low against the euro. Make America Great Again (better known as MAGA) isn’t doing much for the greenback. The bulls are fully in charge when it comes to […]
