Author Archive: Jeremy Parkinson
Weekly Heating Oil Prices – Wednesday, Oct. 25
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $2.67, up a penny from last week. Supply is […]
Caterpillar & 3M Show The Economy Is Strong
The Market Never Falls Anymore Even though the Dow was overbought heading into the week, the biggest determining factor for how it would go was earnings. This shows how technical analysis has its limits when news is released. The Dow rallied 0.73% because Caterpillar and 3M reported great results. These reports are evidence of the […]
HH In China, Innovation Cuts Both Ways
Written by Matthew Bey China is in a bind. The heavy industry that propelled the country’s economy through three decades of dizzying growth has reached its limits. To escape the dreaded middle-income trap, China will need to shift its focus from low-end manufacturing to other economic industries, namely the technology sector. Beijing has put tech at […]
Stocks And Precious Metals Charts – We’ll Always Have Paris
For whatever reason, and I have some thoughts along those lines, the powers-that-be in American finance and politics are terrified of a decline in the US stock markets, ever since the election of His Donaldship. And so once again this bloated pig of a market continued to float just above the dangerous waters of correction […]
Emerging Markets In 2018: China, India … Or Both?
Emerging markets were in great shape this year. We wrote repeatedly how excited we were, and even wrote several articles about emerging markets in 2018. Emerging Markets: Which Prices To Watch In 2018 Emerging Markets Will Be Strongly Bullish In 2018 5 Emerging Markets To Buy In 2018 This article compares the setup of India […]
Vishay Intertechnology – Chart Of The Day
The Chart of the Day belongs to Vishay Technology (VSH).I found the electronic component stock by using Barchart to sort today’s 52 Week High list by the highest number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 9/11 the stock gained […]
The Market Is Frothy Bullish
The Short-Term Trend It’s a new short-term downtrend. The indexes closed under the 5-day while several market indicators are pointing lower. Plus, this short-term uptrend was 7-8 weeks old, and it is time for a rest. New lows have picked up, but not too badly. Just enough to help confirm today’s weakness in the […]
Stocks, Bonds, Dollar, & Credit Dump As VIX Jumps To 6-Week High
Well, that escalated quickly… Video length: 00:00:07 “Not” a record high… Trannies were worst on the day (not off the lows) but Boeing, Goldman, IBM, and Caterpillar weighed on the Dow. NOTE – Dow bounced off unch from Monday. All Implied Vols spiked today (S&P VIX topped 13 – above its 200DMA)…but then it had to […]
Historic Times For Equity Markets
We have been mentioning the consistent rise in US markets over and over again but in this segment we take a step back and recap what truly is a historic time. At the end of last week the S&P 500 hit closed at new all-time daily highs everyday of the week. It also hit a […]
The “Real” Goods On The September Durable Goods Data
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
