Author Archive: Jeremy Parkinson
Playing For All The Marbles
Global Plunge Protection Teams must be ordering take-out food; every night is a long one now. The current stocks/bonds game is for all the marbles, by which I mean the status quo now depends on valuations and interest rates remaining near their current levels for the system to function. If interest rates soar and/or stocks plummet, […]
Is Bitcoin’s Future “Golden”?
I used to spend a great deal of time vetting mining operations. It wasn’t crypto mining, though. This was way before that. I was running a business based in Jakarta and Singapore at the time. I was a popular guy. I must have looked at 90% of the mining proposals floating around Jakarta. My money was particularly […]
AUD/JPY Price Analysis: Is The Correction Over?
The Australian Dollar has rallied nearly 2% against the Japanese Yen since the March lows with the advance taking price into near-term confluence resistance. We’re looking for a reaction at this pivot with a breach above needed to keep the immediate long-bias in play. That said, this inflection point could also prove terminal for the correction off the lows- […]
No Heikin Ashi Candle Reversal Yet On The US Major Indices
As of 1:00 pm ET today (April 4), the daily Heikin Ashi candles on the SPX haven’t flipped to green, yet. Nor have the DJIA, NDX, COMPQ, RUT or OEX HA candles. Nor have the FAANGs HA candles. However, yesterday and today’s HA candles on the 10 YR T-Notes have (so far). Do we have a potential reverse Head & Shoulders formation in the making? If we see a […]
Is FANG Cheap?
After an incredible run higher over the past couple of years and an especially remarkable ramp to kick off 2018, the FANG (Facebook, Amazon, Netflix, and Alphabet, aka Google) stocks have recently come under some selling pressure leaving many investors to wonder whether this presents a unique buying opportunity in the group. While it may be true […]
Markit Services PMI: Strength Remains In March
The March US Services Purchasing Managers’ Index conducted by Markit came in at 54.0 percent, down 1.9 from the final February estimate of 55.9. The Investing.com consensus was for 54.3 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the […]
E To Trade Ahead Of Earnings
Trading Strategy According to Goldman Sachs, the first three weeks of April are a popular time for companies to preannounce their results, and given the number of issues investors are looking for clarity on, including the impact from the recently passed tax bill, the prospect of protectionist trade policies and whether management teams are seeing […]
Busted Biotech Stocks: Where Do We Go From Here?
Busted Biotech Stocks: What’s the Next Trade? Rayno Life Science Portfolio Update: Needs Re-Balancing Rayno Life Science Stocks had a good run until early March 2018 when most life science stocks were hit hard. With all the bad news from recent clinical data ABBV, ALKS and uncertainties from macro and policy issues (tariffs+ rising rates), the market does […]
Factory Orders Up 1.2%, Led By Transportation, Well Under Consensus
Factory orders rose 1.2% in February vs a consensus estimate of 1.7%. Excluding transportation, orders rose 0.1%. The Census Bureau reports Factory Orders rose 1.2% in February, well under the Econoday consensus estimate for factory orders was 1.7% Revisions took January from -1.4% to -1.3%. Excluding transportation, orders rose only 0.1%. Econoday sees it this way. The book on […]
