Author Archive: Jeremy Parkinson
USDJPY Daily Analysis – Thursday, Sept 7
USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 114.49 (Jul 11 high) and another fall could be expected after the consolidation. Only break above 110.94 resistance could signal completion of the downtrend.
VIX Leads The Way For SPY In The Opposite Direction
SPX Monitoring purposes; Short SPX on 8/30/17 at 2457.59. Monitoring purposes Gold: Neutral Long Term Trend monitor purposes: Neutral. The top window is the 5 day average of the “Total Put/Call ratio”. Readings .90 and less have appears near short term highs in the market, which was reached last Friday. Market moved lower on Tuesday […]
What The Bond Market Got Wrong About Today’s Debt Ceiling Extension
Sometimes the bond market gets it wrong too. Earlier today, when Trump “flipped” on the GOP and aligned with congressional Democrats at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. despite objections from virtually all Republicans, the threat of a late September/early October debt ceiling crisis disappeared. The bond […]
Carlyle Prices Offering Of $400 Million In Preferred Units
Global alternative asset manager The Carlyle Group L.P. (Nasdaq: CG) (“Carlyle”) today announced the pricing of a $400 million offering of 16,000,000 of its 5.875% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. The offering is expected to close on September 13, 2017, subject to satisfaction of customary […]
Short Setups To Watch In The Days Ahead
I’m not shorting any of these right now, but if the market does sell-off again, a lot of these stocks, especially the financials, will be nice candidates to short.
Q3 Earnings Estimates Fall – Debt Ceiling Issue In Focus
Only 4.9% YoY Earnings Growth Expected In Q3 The FactSet weekly earnings presentations resumed this week. As you can see from the chart below, the finalized metrics from the Q2 earnings season show there was a negative bias to every type of report which meant even firms that beat estimates fell. This action was reversed […]
Window Dressing Looks To Be Over
I’m seeing more failed breakouts now and reducing positions as they tell me to. We’re into September and just had a nice quick run to finish August so weakness, which is typical in September, has to be something to look for. I also want to announce my retirement from the newsletter business the end of […]
Irma Uncertainty Decreases As Models Lock On; Commodities Less Fazed Today
As of 2 PM Eastern the National Hurricane Center has released their latest advisory on Irma, and these advisories will continue coming every 3 hours until the storm dissipates. Irma still has sustained winds of 185 mph and is an extremely powerful category 5 hurricane. The National Hurricane Center has also adjusted their track to […]
What’s Going On With Gold?
There is a revival of interest in gold and precious metal stocks, with gold breaking through the $1300 an ounce level to new highs this year. Investors are taking heed. I think I need to reiterate a running theme in my investment philosophy. I am not one of those that believe that good economic times […]
