Author Archive: Jeremy Parkinson
Stocks Tried To Lie To Jeff Gundlach – And You Can’t Lie To Jeff Gundlach
Look, we’ve been over this before and we’ll go over it as many times at it takes for people to understand it: there is a national (and probably international) conspiracy against DoubleLine boss (and man who took Twitter lessons from Donald Trump) Jeff Gundlach. Like all good conspiracies, it’s not 100% clear what everyone’s motives […]
The End Of Shale: Onshore Production Growth Collapses
Last year, a blog post on the IMF Blog claimed that the oil market was facing a “new normal” as “shale oil production has permanently added to supply at lower prices” and going forward “demand will be curtailed by slower growth in emerging markets and global efforts to cut down on carbon emissions.” This wasn’t the first […]
Staying Nimble In This Market
My Swing Trading Approach Staying nimble in this market. The market is suddenly prone to large intraday swings, being flexible in this market will remain key. Indicators VIX – Was up as much as 24% at one point yesterday, finished only 7.4% at 10.50. T2108 (% of stocks trading below their 40-day moving average): Only 48% of […]
Bitcoin Bluster
I don’t chime in about Bitcoin since I’ve never touched it and have no business contributing to something I know so little about (although I suspect there are plenty who do anyway). But a couple of days ago, I sent out this innocent tweet… I usually don’t get much in the way of replies, but […]
J. C. Penney (JCP) Q3 Loss Narrows, Comps Gain, Stock Up
J. C. Penney Company, Inc. (JCP – Free Report) reported third-quarter fiscal 2017 adjusted loss per share of 33 cents that fared better than the prior-year quarter loss of 21 cents. In the trailing four quarters (excluding the quarter under review), the company’s bottom line had outperformed the Zacks Consensus Estimate by an average of 21.7%. Revenues: J. C. […]
Sweet Melt Up Potential Here Says Joe Friday
Tis the season for Chocolate (Cocoa) to do well, will it repeat its historical pattern again this year? Below looks at the seasonal pattern of Cocoa from Sentimentrader Going into this period of seasonal strength, Cocoa bulls of late are hard to find and dumb money traders have established one of the largest short positions in this commodity […]
An Earnings Season Full Of Land Mines
I don’t know about you, but for the stocks I own, the stocks I follow and ones I have seen from updates throughout the industry, this has been an earnings season full of land mines. Stocks have been plunging left and right on bad earnings reports. It makes sense to see a stock go down […]
The USD Is Having A Bad Ending To The Week – Data Isn’t Helping
The US dollar is not having a happy Friday. The greenback is not collapsing, but just retreating across the board, leaning lower. The biggest issue is tax reform. High hopes for getting a deal hit political reality. There are differences between the House and Senate bills. The latter one will reportedly include a delay of […]
Consumer Confidence Unexpectedly Drops On Inflation, Rate-Hike Fears
UMich consumer sentiment declined from 100.7 to 97.8 in the preliminary November print, disappointing expectations of a small rise as anticipation of a pickup in inflation and higher interest rates weighed on the gauge. Even with the decline, sentiment was the second-highest since January, reinforcing other reports that Americans remain optimistic about employment and the economy. Other […]
November 2017: ECRI’s WLI Growth Index Rate Unchanged
ECRI’s WLI Growth Index which forecasts economic growth six months forward is remains in expansion. This is compared to RecessionAlerts similar weekly leading index. Analyst Opinion of the trends of the weekly leading indices Both ECRI’s and RecessionAlerts indicies are indicating modest growth six months from today. Current ECRI WLI Level and Growth Index: Here […]
