Author Archive: Jeremy Parkinson
Natural Gas Prices Tumble Off Less Supportive EIA Data And Warmer Weather Trends
Natural gas prices plummeted today, with the prompt month February contract plunging over 4% on the day. This came as the Energy Information Administration announced that for the week ending early last Friday, December 29th, natural gas stockpiles decreased by 209 bcf. That is certainly a sizable withdrawal, as it came in far larger than […]
Chart Analysis – Allahabad Bank
As I have already told you that PSU Banks are looking good for short to medium term given my “BUY” recommendation on “ORIENTAL BANK OF COMMERCE”. Now another setup has come to my mind and that is “ALLAHABAD BANK”. I have done a chart analysis so that you can be able to learn. There is a falling wedge […]
This Chart Shows Why The Stock Market Isn’t Overvalued
Many analysts claim fundamental ratios show that stocks are overpriced. One popular long-term ratio is Dr. Robert Shiller’s cyclically adjusted price-to-earnings ratio, or CAPE ratio. With a recent reading of more than 32, the CAPE is higher than it was before the 2008 market crash. Other ratios are also above their 2008 peaks. But these ratios don’t […]
Anatomy Of A Crypto-Nightmare: Ripple CEO Is Now Richer Than Zuckerberg
Having soared 36,000% last year and continuing its crazy run in 2018… Ripple has surged ahead of Ethereum as the second-largest cryptocurrency by market cap… Bitcoin $246BN Ripple $143BN Ethereum $97BN image courtesy of CoinTelegraph Leaving Mike Novogratz breathlessly berating the craziness..as Ripple’s CEO is now the 5th richest man in the world… total $XRP now worth $380 bn…. […]
Oil Prices Have More Gains Ahead
It’s been a while but our DTO short is starting to pick up steam and work out like we thought it would. We are currently up 24% in it and I am of the impression we have plenty more upside as oil prices ought to continue to climb. Even if they stall we will add […]
Light Vehicle Sales Per Capita: Our Latest Look At The Long-Term Trend – Thursday, Jan 4
For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let’s now do something similar with the Light Vehicle Sales report from the Bureau of Economic Analysis. This data series stretches back to January 1976. Since that first data […]
December 2017 ADP Job Growth Is 250,000
ADP reported non-farm private jobs growth at 250,000. Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth remained in the tight range seen over the last year. ADP employment has not been a good predictor of BLS non-farm private job growth. The market expected from Bloomberg / Econoday […]
Dexcom Falls After Abbott Receives Medicare Approval For Libre
Shares of Dexcom (DXCM) are sinking after Abbott (ABT) announced that FreeStyle Libre, its new continuous glucose monitoring system, is now available to Medicare patients. ABBOTT ANNOUNCES MEDICARE COVERAGE: This morning, Abbott announced that the FreeStyle Libre System, the company’s rnew continuous glucose monitoring system, is now available to Medicare patients, having met the codes […]
Dow Hits Another New Milestone…25,000
Further to yesterday’s post, the Dow 30 Index hit 25,000 today, as the S&P 500 and Nasdaq Composite Indices extended their rally above their Big Round Numbers, as shown on the following Daily charts. We’ll see if this breakout above December’s consolidation zone lasts. Meanwhile, volatility remains near record-level lows, as shown on the following Monthly chart of the VIX… …and this year’s breakout outpaces volatility, as shown on […]
