Author Archive: Jeremy Parkinson
Gold Has Signaled A Failed Daily Cycle
Gold has signaled a failed daily cycle. It should now be starting a completely natural move down into an intermediate cycle low over the next 5-6 weeks. I expect the move will be tortuous and difficult for both bulls and bears. Gold is now in a new bull market. Don’t expect the declines to behave […]
E Brussels Attacks Move Across The Board
On Monday, the British pound lost further ground for the greenback (USD), pushing the GBP/USD major into daily lows near the 1.4370 handle. The pair is trading defensively in a market dominated by a major offer in riskier assets and a drop in the USD bid tone across the board. Last week’s surge has not […]
Wednesday Twofer
A twofer with this post. First is an update on the market which has been dancing back and forth around its 200 day moving average (DMA). I said back in August that I thought a bear market had started and I still believe that to be the case. To the extent bear markets start slowly, […]
Oil Drops To $40 Handle After IEA Warns Production Freeze Is “Meaningless”
It appears The IEA has come to the same reasoning as we have been pointing out for weeks – “freezing” production at what is already the highest output levels ever is “meaninglesss.” As Reuters reports, Saudi Arabia is the only country with the ability to increase output, a senior executive from the International Energy Agency (IEA) said on Wednesday. […]
The Stock Whisper Of The Day: UNG, MON, INTC
Hot stocks of the day: UNG, MON, INTC, /UG Video length: 00:05:34
Credit Suisse Blames “Worst January Ever” On Rogue Traders; Fires 2,000
When last we checked in on Credit Suisse (CS), things weren’t going so well. The bank had just reported a $6 billion loss – in the fourth quarter. The red ink for 2015 totaled some $3 billion, representing the firm’s first annual loss since the financial crisis. Shares promptly plunged 13% to their lowest level in nearly a quarter […]
U-Turn For Metals
As fear has made a swift exit from the market, the flight-to-safety trade has likewise disappeared. Look no further than gold for evidence of this, as gold gets monkey-spanked this morning: I’m delighted to see gold weak, because I’d like to get long at the right price. To my way of thinking, the “right […]
Bullet Report – Gold Selloff Despite Brussels Attack
Gold was the biggest mover overnight. Yellow metal jumped to $1259 following the Brussels attack, but it retraced to $1231 overnight as the USD strength and rising stock markets caused investors to sell it off. Trading Central Preference: short positions below 1249.00 with targets @ 1225.00 & 1220.00 in extension. GBP/USD was also dumped […]
E Mid Cap Best & Worst Report – March 23, 2016
The best mid cap sectors is consumer goods. The highest scoring mid cap industry is trucking. The average mid cap score is 65.25 and that’s higher than the four week average score of 62.62. The average mid cap stock in our universe is trading -24.27% below its 52 week high, 0.83% above its 200 dma, […]
