Author Archive: Jeremy Parkinson
Another Reason For The Low VIX
Since the Great Financial Crisis, and the unprecedented expansion of the balance sheet of many central banks, many investors think that officials are responsible for various distortions that they detect in the capital markets. The compressed nature of equity market volatility is one of those distortions. However, the decline in the S&P 500 volatility (VIX) […]
Does “Dow Theory” Confirm A Strong U.S. Economy?
Have you ever heard about the Dow Jones Transportation Average (DJT)? It is more loosely termed the “Dow Jones Transports” by stock traders. The index is a running average of the stock prices of 20 transportation corporations. This Dow creation is the most widely recognized gauge of the American transportation sector. Their grouping is also the oldest […]
Consumer Confidence Hits A 17-Year High
Tuesday morning’s report on Consumer Confidence for February handily topped already positive expectations, as the headline index came in at 130.8 (versus expectations for 126.0), which was the highest level since November 2000. While Consumer Confidence had a hard time getting above its long-term average for much of the current expansion, it has now been […]
Short Boston Properties
This is an awfully pretty broken symmetric triangle, and it’s bounced right up into resistance. (Note: I did this post yesterday but didn’t publish it; suffice it to say the most prominent sector among my shorts is real estate):
Australian Dollar Rally Looks Set To Run Out Of Steam
In our previous commentary on the Australian dollar, we wrote that the ongoing bull market looks precarious despite benign global economic conditions. In particular, the currency is vulnerable thanks to high levels of household debt, limited consumer spending and the Reserve Bank of Australia’s neutral monetary policies. Following a significant sell-off in global equities and commodities […]
EUR/USD Price Analysis- Losses Likely To Be Limited, Levels To Know
EUR/USD is in retreat but price continues to hold within the monthly range. The recent sell-off is now approaching initial support targets with a move lower to ultimately offer more favorable buying opportunities. EUR/USD DAILY PRICE CHART Technical Outlook: EUR/USD has carved out a well-defined monthly opening range just above former slope resistance, now support. Price has […]
Vericel – Chart Of The Day
The Chart of the Day belongs to Vericel (VCEL). I found the biomedical stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.Next I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy […]
Trade Deficit Unexpectedly Widens (And It Will Get Worse)
The trade deficit widened to $-74.4 billion from $-72.3 billion. Economists expected the deficit to shrink slightly. The Econoday consensus expected the trade deficit to shrink to $-71.3 billion. Instead, the Census Bureau Advance Trade Report shows the deficit rose to $-74.4 billion with December revised to $-72.3 billion. In January, exports declined 2.2%. Exports of goods for January […]
Richmond Fed Manufacturing Survey Surged In February 2018
Of the five regional Federal Reserve surveys released to date, all are in expansion. Analyst Opinion of Richmond Manufacturing The important Richmond Fed subcategories improved, The internals are better than last month,.Please note: Starting with the February 2018 data release, we will be reporting additional variables. Historical data files have been changed accordingly. Market expectations […]
U.S. Economy An Emerging Market?
Cycles Not In Tune The developed markets are likely a couple years away from the end of their business cycle, while emerging markets are just recovering from their recession. India and Brazil had weak economies in 2017. They’re looking to see acceleration in 2018. The countries which export commodities are probably going to have a […]
