Author Archive: Jeremy Parkinson
Stocks To Trade: IAC, XPO, CCE
Friday’s stock picks: Long InterActiveCorp (IAC) Long XPO Logistics (XPO) Short Coca-Cola European Partners (CCE)
Bitcoin And Its Cryptocurrency Challengers: Money Or Mania?
In the beginning, there was Bitcoin. We’re some way from that beginning now but we’re still looking at cryptocurrency Genesis. Spawned by the first coin’s astonishing price gains and by the increasing use of the underlying blockchain technology, new species are emerging to fight for dominance. And it seems the emergence rate will only increase. Some of the […]
Above The 40 – A Market Soaring Back To The Edge Of Overbought
AT40 = 69.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.3% of stocks are trading above their respective 200DMAsVIX = 9.9Short-term Trading Call: cautiously bullish Commentary Last week, I complained about the stock market’s “rubber band” getting stretched. I claimed that AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages […]
A Reality Check Regarding China Purchases Of US Debt
According to news reports, unnamed senior government officials in China have recommended slowing or halting the purchase of US Treasury securities. If China’s government really was planning to reduce its investment or rate of investment in US government debt, why would it announce the change beforehand given that doing so would potentially lower the market […]
What Investors Must Know About The Fed And Inflation
Prices are edging higher. There is great interest in how the Fed might react. To understand the implications, we need to start with how inflation is measured and then turn to how the Fed thinks about it. The FRED blog puts the main indicators together in one chart. Key Questions Why use a “core” calculation? Core values are […]
Dollar Lower After Disappointing Data
The US Dollar was broadly lower during Friday trade after disappointing US producer price inflation data. The Bureau of Labor Statistics reported on Thursday that the Producer Price Index fell to 2.6% in December, down from November’s 3.1% and well below the 3.0% forecasted by analysts and economists. Core producer prices, which strips out volatile […]
EUR/USD Breaks Above 1.21 To The Highest In 3 Years
Euro/dollar hesitated under the 2017 high of 1.2090. No more. It made a clear break and is at 1.2127 at the time of writing. The fresh incentive is the news that German politicians have reached a deal on a coalition after an all-night negotiation session. Merkel and Schulz will now sit in government if there […]
The 2018 Stock Market Bubble Vs. Gold & Silver
The U.S. Stock Market is reaching its biggest bubble in history. When the price of the Dow Jones Index only moves in one direction… UP, it is setting up for one heck of a crash. While market corrections aren’t fun for investors’ portfolios, they are NECESSARY. However, it seems that corrections are no longer allowed […]
A Bear Fund Actually Prospering
A number of weeks ago, I noticed the triple-bullish-on-real-estate fund, shown below, was breaking out of a big base, only to reverse almost instantly. This failed bullish breakout confirmed my general suspicion that, even in this new-highs-every-day environment, real estate was at risk. Let’s face it, an industry dependent uon super-cheap money can’t thrive in an environment […]
WTI Crude Oil And Natural Gas Forecast – Friday, Jan 12
WTI Crude Oil The WTI Crude Oil market rallied again during the trading session on Thursday, as we reached towards the $64.50 level. The market continues to be very bullish, and even though we are bit overextended, I think we’re probably going to make a serious challenge to the $65 handle. I think pullbacks at […]
