Author Archive: Jeremy Parkinson
December Seasonality And The “Santa Claus Rally”
The “Santa Claus rally” refers to the tendency for the S&P500 to do well in December, and specifically the last part of December. We can assess this quantitatively with the first chart showing the average price experience across the year by trading day – it also shows how 2017 has been tracking against the averages, and so […]
Technical Market Report For December 2, 2017
The good news is: All of the major indices except the Nasdaq composite (OTC) hit all time highs last Thursday. The Negatives The market is overbought. Seasonality for the next 2 weeks is negative. The first chart covers the past 6 months showing the S&P 500 (SPX) in red and a 10% trend (19 day […]
Australian Dollar Downtrend May Pause But Won’t Reverse
Fundamental Australian Dollar Forecast: Neutral AUD/USD remains trapped in long downtrend This week will see the RBA make its December interest rate call, followed by official GDP data Neither is very likely to change the backdrop, but both could Things don’t look great for the Australian Dollar, especially against its big US cousin. AUD/USD has been sliding consistently from the year’s […]
December 2017 Stock Considerations
Here we are entering the home stretch of 2017 and looking back at the last eleven months, one thing is certain… no one predicted a year like this. For all the daily negativity being hyped in the financial, social, political and “fake” media it appears that things have been and will continue to be all […]
Another Record Setting Month On Wall Street – Week In Review
The market remains exceptionally strong as the bulls remain in clear control. Stocks refuse to fall in a meaningful fashion. Every time the market hints at pulling back the bulls show up and send stocks soaring. The two largest “down” days this year happened on June 9 and then last Wednesday, November 27. Both of those […]
NZD/USD Looks To Be Sold Off Too Much; What’s Next? – CIBC
The New Zealand dollar suffered during the latter part of the year due to political fear, especially as Jacinda Ardern was sworn in. But has it gone too far? CIBC FX Strategy Research discusses NZD outlook, noticing that the post NZ election period has seen investors aggressively re-position their NZD bets. Here is their view, courtesy of eFXnews: […]
Stocks To Trade: MSFT CMG IAC
Take a look at three trading ideas to prep you for the next trading session. Long Microsoft (MSFT) Long Chipotle (CMG) Short InterActive (IAC)
Bitcoin – Millennials’ Fake Gold
I’ve been asked about Bitcoin a lot lately. I’ haven’t written anything about it because I find myself in an uncomfortable place in agreeing with the mainstream media: It’s a bubble. Bitcoin started out as what I’d call “millennial gold” – the young (digital) generation looked at it as their gold substitute. Bitcoin is really […]
OPEC Agrees To A 3 Month Cut Extension & A 6 Month Option
After the big meeting OPEC had, WTI oil closed up 10 cents at $57.40, making this out to seem like an unimportant event. However, that’s not the case because this decision was already priced in. It was so important that the market calculated exactly how it would affect prices before it occurred. The decision was […]
Gold Hovers Above Support: U.S. NFP / Tax Headlines To Set Decmber Tone
Fundamental Forecast for Gold: Neutral Gold prices hold on to support post-NFP, Looking for an early November low Gold prices are down for the second consecutive week with the precious metal off 0.57% to trade at 1280 ahead of the New York close on Friday. The losses come amid continued strength in broader risk assets with all […]
