Author Archive: Jeremy Parkinson
Top Dollars For Top Management Skills
The General Electric train wreck continues – – – if we get into a bear market, I assume this will become a penny stock. Anyway, here’s the recent performance during one of the biggest bull runs in human history, fueled by trillions of dollars of free central bank money:
Technical Take On Facebook
Everyone’s got an opinion about Facebook these days. And as Mark Zuckerberg spent two days chatting with Congress, you can bet your bottom dollar that everyone and his brother was trying to figure out whether the stock is a “buy” or a “sell.” I figured I might as well throw my hat in the ring. […]
Crypto-Mania Returns: Bitcoin Soars $1000 In Minutes, Most Since 2017; Back Above $8000
Today, Bitcoin exploded higher by over 15% (the biggest move since 2017), breaking above $8,000 on extremely heavy volume as the cryptocurrency tests above its 200-day moving-average. Speculative chatter on the driver behind the move is Russian oligarchs buying (though we note that Bitcoin actually fell on the announcement of the sanctions last week). This is obviously […]
Thoughts On The ECB Minutes And A Bearish Euro Call For EUR/USD Bulls
Look, the ECB came across as pretty upbeat on things in their annual report. I talked a bit about that earlier this week. I also showed you the following chart from BofAML which seems to suggest that Draghi may have missed his window or if he hasn’t missed it yet, may be well on the way […]
Price Action On SPX Still Remains Stuck In A Strong Price Consolidation Pattern
My Swing Trading Approach I am still playing this market cautiously. I will consider adding another long position to the portfolio, but won’t do it on anything less than ideal trading conditions. Right now the headline risk is notable, and prevents any significant long exposure in this market. Indicators VIX – Saw a 1.1% decline despite […]
A Review Of The Fed Minutes And The CPI Numbers
Yesterday, the Labor department released the consumer prices data for the month of March. The data showed that consumer prices eased during the month, with gasoline being the main contributor. The data showed that consumer prices dropped by 0.1%. This was the first and largest drop in consumer prices since May 2017. This was against […]
Risk? No, Thank You
This has been a good year for volatility. If you like that kind of stuff, that is. It’s not that volatility has reached stratospheric levels; it’s just that it’s returned to a normal level. It wasn’t too long ago—think November—that the Cboe Volatility Index (CBOE: VIX) scraped a historic bottom at 9.14 percent. February changed all that. […]
Weekly Commodities Report: Concerns Around Trade Wars And Syria Tensions Fuel Safe Haven Demand In Gold
Posted on April 12, 2018 by James Harte Gold: Geopolitical Concerns Fuel Safe Haven Demand Gold prices rallied this week as the market saw a strong influx in safe haven demand due to rising geopolitical uncertainty. The escalation in tensions between the US and China due to Trump’s protectionist import tariffs and Beijing’s subsequent reciprocation has been a key focal […]
Lockheed Martin In Focus After Pentagon Again Halts F-35 Deliveries
Shares of Lockheed Martin (LMT) are in focus after a report that the U.S. Department of Defense has again stopped accepting deliveries of the company’s F-35 jets. PENTAGON HALTS F-35 DELIVERIES: The Pentagon has stopped accepting most deliveries of F-35 jets from Lockheed Martin due to a fight over who will cover costs for fixing […]
