Author Archive: Jeremy Parkinson
E Markets React On White House News
VIX made a 79.6% retracement of its rally from its Master Cycle low.The next rally may take out Cycle Top resistance at 20.99, giving the VIX a probable buy signal.The Cycles Model now indicates that the rally may continue for up to two more weeks. The NYSE Hi-Lo Index closed just beneath its mid-Cycle […]
Gold – The Next Big Surprise
It’s been a while since I have written about precious metals. To some extent, this has been on purpose. I am a long-term fan of our little yellow friend, but there are definitely periods when I am more bullish than others. Over the past half year, my enthusiasm for precious metals has been tempered by […]
FAANG Stocks Back Above 50-DMAs
Using our Trend Analyzer tool, we built a custom portfolio of the five FAANG stocks in order to easily track their price trends. As shown in the snapshot of our custom FAANG portfolio below, gains over the last week have pushed all of the FAANG names back above their 50-day moving averages (the black vertical “N” line in […]
Sector Watch: Where Your Focus Should Be
Stock Market is on shaky ground here. Direction is Uncertain. So let’s take a deeper look at the sectors themselves. Which ones are most favorable and the ones that are not. Right here are my top three sectors: Technology Consumer Cyclical Financials Here are the three bottom sectors: Energy Staples Health Care I normally would […]
An Improving 6.7% Yield
Chief Income Strategist Marc Lichtenfeld and Senior Managing Editor Rachel Gearhart are braving the snow in New York City today to promote Marc’s new book, You Don’t Have to Drive an Uber in Retirement. They got a super-early start (3:20 a.m. to be exact – yikes). Their first media engagement was at Fox Business. And weather permitting, they’ll […]
(Trade) War And Peace
Ok, let’s just step back for a second and take stock of everything that’s happened in the past 72 hours. Gary Cohn resigned in disgust over Trump’s decision to start a trade war; That same decision prompted Europe to threaten retaliatory measures on bourbon, peanut butter, cranberries and orange juice; Trump got sued by a porn star; A former […]
Maybe The Market Could Use A Little More Time To Consolidate?
We are now about six weeks into this medium-term downtrend which is about when you have to start looking for a signal that a new uptrend is starting. But after such a strong run from August to January, maybe the market could use a little more time to consolidate? The weekly Stochastic is in a […]
Stocks And Precious Metals Charts – The Sky Is Crying
Stock futures were getting pounded overnight in the aftermath of Gary Cohn’s resignation over trade tariffs. They managed a jagged ‘rally’ from the overnight lows through most of the day, managing to finish a little green or nearly unchanged. What a marvel. Gold and silver were weaker off of a slightly stronger dollar. I suspect […]
Another GDPNow ISM Spike Fades
On Feb 1, the GDPNow forecast jumped to 5.4% after an ISM report. The bounce collapsed. The same happened on March 1. The latest GDPNow forecast is 2.8% down from 3.5% on the March 1 ISM spike. Once again an ISM spike was mostly taken back. The ISM spike on February 1 was taken back the next […]
