Author Archive: Jeremy Parkinson
After Failing At 51, XLU’s N/T Path Of Least Resistance Down
Since bottoming at $47.37 early February, XLU ($50.13) has made higher lows, with the 50-day moving average flattish and the 10- and 20-day flattish to slightly rising. Encouraging if you are a bull, but at the same time, the $51 area continues to be a roadblock. Last Friday, the ETF retreated after hitting $51. This is […]
Gold Tests Resistance – Again
Just when everyone was getting used to gold sitting around and doing nothing while tech stocks provided non-stop thrills and chills, the metal took off this morning on the “news” (read “Tweet”) that Trump is aiming some cruise missiles at Syria. Now the $1,360 resistance level that has been an absolute brick wall since 2014 […]
Lira Bounces As Turkey Reaches “Whatever It Takes” Moment
It appears Turkey just reached its “whatever it takes” moment as Prime Minister Binali Yildirim warned that“speculative attacks on our economy are being made,” and promised “the central bank will do what’s needed, when needed” in fight against inflation. The Lira bounced modestly on the headlines… *** As we detailed earlier, two days ago we noted the rapid acceleration of […]
What Inflation Means To You: Inside The Consumer Price Index – Wednesday, April 11
Note: The charts in this commentary have been updated to include this morning’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has […]
At Home Is The Place For A Strong Chart
Traditional retail and shopping malls have certainly faced challenges over the past couple of years, particularly in the form of the big gorilla in the room, Amazon. However, a handful of names continue to perform well, and one of those names is the Texas-based home decor superstore, At Home. This stock really started to power […]
Sea Could Sink When IPO Lockup Expires
The 180-day lockup period for Sea Limited (SE) expires on April 18, 2018. When this six month period concludes, the company’s pre-IPO shareholders will have the ability to sell their large blocks of currently-restricted shares. The potential for an increase in the volume of shares traded on the secondary market could negatively impact the stock price […]
Another Potential Reversal In The Making
My Swing Trading Approach Going to take a cautious approach with this market today. Raise stops where I can, and even consider a short position if the market warrants it. Indicators VIX – Dropped 6% yesterday, with much of its gains coming in the last two hours of trading. Likely to spike on any military action […]
Anthem
A new short idea – – the health insurance company Anthem, completing a top: In the larger context of the channel, you can see the potential more clearly.
Deal Dead? Express Scripts Has 28% Upside To Cigna Buyout Offer Price
With AT&T (T) and Time Warner (TWX) currently fighting in court to prevail over the federal government in its anti-trust lawsuit, all eyes in the merger arbitrage world are focused on whether so-called “vertical” mergers will be endangered in the Trump Administration. Typically, lawsuits to block M&A transactions have centered on competitors trying to get […]
NAV Premiums Of Certain Precious Metal Trusts And Funds – Wednesday, April 11
There is a ‘risk off’ flight to safety in the markets today. The unusually high gold to silver ratio seems to reflect this undercurrent. Gold is somewhat preferred to silver in a ‘flight to safety scenario.’ I ascribe this to silver’s ‘industrial component’ which represents about one half its valuation. Note that Sprott has acquired […]
