Author Archive: Jeremy Parkinson
Above The 40 – Lingering Tensions For The Stock Market
AT40 = 44.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.9% of stocks are trading above their respective 200DMAs VIX = 12.1 (up 4.9%)Short-term Trading Call: neutral Commentary The market has made no progress since my last Above the 40 post which covered the volatility and fizzle from Tuesday, September 5th. Tensions remain […]
Millennials Head One-Third Of All Poverty-Stricken U.S. Households (The Rest Live With Mom)
Millennials just can’t catch a break. Despite being the most educated generation ever to walk the face of the planet, at least according to their tuition bills paid by mom and dad, a staggering number of them now head households living below the poverty line…and that excludes the ones forced to live at home with […]
Why So Much Inventory?
Liquidity, and more so liquidity preferences are vastly misunderstood for a whole host of reasons. A lot of it has to do with the dominant strains of economics battling each other (saltwater vs. freshwater) over which statistical model fails less frequently. In shifting to mathematics and statistics, something great has been lost. Economists don’t understand […]
EUR/USD Forecast Sep. 11-15
EUR/USD was not convinced by Draghi’s complaints about the exchange rate and reached new highs. Can it continue even higher? A mix of inflation, industrial output, and trade balance numbers awaits us. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB did not reach a decision about […]
Irma Delays Uptrend
Current Position of the Market SPX Long-term trend: The uptrend should continue after pausing for a correction. SPX Intermediate trend: Unconfirmed sell signal. Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer […]
Technical Market Report For September 9, 2017
The good news is: In spite of a down week for the indices, the breadth indicators held up well last week. The Negatives There is not much to complain about. The Nasdaq composite (OTC) was the worst performer among the major indices, down 1.16% last week while the S&P 500 (SPX) was the best performer, […]
Crude Oil Struggles To Maintain Weekly Gain As Irma Pressure Arrives
Talking Points: Hurricane Irma could be US’ most costly, Florida is 4th biggest oil consumption state Two hurricanes behind Irma, Katia and Jose could also pose demand risk Baker Hughes Data shows US Oil Rig Count Falls 3 to 756 active US oil rigs IGCS data showing US Crude client short positioning increases 56% WoW, favoring upside Fundamental Forecast […]
5 Charts On Chinese Inflation Trends
The August inflation numbers for China have just been released, so it’s a good opportunity to dust off a number of the Chinese inflation charts. The headline stats: CPI inflation was 1.8% y/y (1.7% expected, 1.4% previous) and PPI inflation was 6.3% (5.7% expected, 5.5% previous). Basically China’s August inflation numbers surprised to the upside, […]
The ‘Trickiest’ Thing For Today’s Macro Traders
You’d be forgiven for thinking that the chances of another Fed hike this year are about as good as the chances of Donald Trump deleting his Twitter account. After all, the incoming data between now and December is going to be rendered at best noisy and at worst meaningless by Harvey and Irma (the hurricanes, […]
