Author Archive: Jeremy Parkinson
Housing Starts And Permits Rebound In March But Strength Entirely Multi-Family
Housing starts rose 1.9 percent in March led by multi-family. Single-family starts dipped 3.7 percent. The Census Bureau’s New Residential Construction report shows a rebound of new housing activity in March. Building Permits: Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent above the revised […]
A Cocoa Surprise: Prices Spring Back To Life
In commodities, the time to get bullish is usually when prices are pressuring the industry and sentiment is persistently and deeply negative. The time to get bearish is usually when prices are skyrocketing, industry participants are celebrating wondrous fortunes, and sentiment is as euphoric as can be. Since I am long-term bullish on cocoa, I […]
Dow Breaks Above Critical Technical Level Amid Nasdaq Buying-Panic
Nasdaq is roaring higher today on the heels of ponziflix netflix results and the rest of the excited US equity markets are following. The Dow is back above its 100DMA despite Goldman being down on the day… But bonds still ain’t buying it…
Which Has The Bigger Economy: Texas Or Russia?
You’ve no doubt heard that everything’s bigger in Texas. That’s more than just a trite expression, and I’m not just saying that because Texas is home to U.S. Global Investors. Want to know how big Texas really is? Let’s compare its economy with that of Russia, the world’s largest country by area. As you probably […]
Gold Resists Strikes
Boom! The U.S. and its allies struck Syria in response to a suspected deadly chemical attack several days ago. Gold should be the safe haven in such situations, right? But the price of gold was practically unchanged on Monday. What happened? U.S. Strikes Syria. Gold Yawns A lot has happened in recent days. Luckily, we […]
USD/CAD Elliott Wave View: Calling Intraday Bounce
USD/CAD Elliott Wave short-term view suggests that the bounce to 1.2942 high ended Intermediate degree wave (2). Then the decline from there is unfolding in an impulse sequence with an internal sub-division of each leg lower is showing 5 waves structure thus favored it to be an impulse. Below from 1.2942 high, Intermediate wave (3) remains in […]
Goldman Swaps Sell Call On Coca-Cola To PepsiCo On Growth Outlook
In a research note to investors on the beverage space, Goldman Sachs analyst Judy Hong upgraded Coca-Cola (KO) to Neutral and downgraded PepsiCo (PEP) to Sell. While the analyst sees an improving organic sales growth outlook for Coca-Cola, Hong sees potential for continued softer North American Beverage volumes to weigh on PepsiCo’s organic sales growth. […]
Housing Starts And Building Permits Boosted By Multi-Family
Data related to Housing Starts and Building Permits for the month of March came in stronger than expected earlier today. Housing Starts for March came in at a seasonally-adjusted annualized rate of 1.319 mln compared to expectations for a rate of 1.267 mln, while Building Permits hit a rate of 1.354 mln, which was 33K […]
China Economy Expands By 6.8% As Retail Sales Rebound
China is one of the most important countries in the world. It has a population of more than 1.3 billion people and the second largest economy. It has a GDP of more than $11 trillion, which is lower than the US $18 trillion. The European Union has a GDP of $17 trillion and a population […]
Market Strength?
My Swing Trading Approach I increased my long exposure yesterday, and may look to do so yet again today, should the market strength continue. Overall, the market conditions are picking up and becoming much more ideal for swing-traders. Indicators VIX – Continuing to sell-off hard, and may see a retest of the March lows in the […]
