Author Archive: Jeremy Parkinson
Short Workday
The title of this post might seem to be a description of my life Monday through Friday, but it’s not. It’s just a simple short idea – – the chart below, in spite of its relative lack of history as a public company, is pretty clean as a topping pattern. It’s one of my many […]
Current Position Of The Market-Severe Correction Underway
SPX: Long-term trend: Severe correction underway. SPX: Intermediate trend – .618 retracement reached as well as total projection. End of rally likely. 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 […]
Wall Street’s Week Ahead: Valeant, Mannkind, Inovio And Oracle
Partnership terminations, government investigations, pipeline updates, and advancements in new products mark this week’s earnings reports from Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Inovio Pharmaceuticals Inc (NASDAQ:INO), MannKindCorporation (NASDAQ:MNKD), and Oracle Corporation (NYSE:ORCL). Valeant Pharmaceuticals Intl Inc Valeant is set to release its Q4:15 earnings on Tuesday, March 15 before market open. The company was originally supposed to release earnings on February 29, though announced […]
International Economic Week In Review: Is A Global Trade Slowdown To Blame?
In January, the World Bank issued its latest Global Growth Report, which contained a section titled, “Who Catches a Cold When Emerging Markets Sneeze?”It contained the following graph, which shows the slower pace of post-recession global growth: The report argues the following five factors caused the drop: Slower developed economy growth lowered global demand. Weak […]
Deutsche Bank: Negative Rates Confirm The Failure Of Globalization
Negative interest rates may or may not be a thing of the past (many thought that the ECB had learned its lesson, and then Vitor Constancio wrote a blog post showing that the ECB hasn’t learned a damn thing), but the confusion about their significance remains. Here is Deutsche Bank’s Dominic Konstam explaining how, among […]
Short Term Top Likely
Last week I mentioned that the 200 day moving average for the S&P 500 Index (SPX) was what everyone on Twitter was talking about, and as a result, it should provide resistance. Well, we’re sitting right at that resistance so we should see some profit taking at the least. One thing of note, is that people […]
EC HH No Boom Without A Bust
By Steve Blumenthal Last week’s mention of the great Art Cashin sent a number of emails my way. The one that touched me most was from Richard who worked for Paine Webber from 1974 to 1987. Back then every broker had a small speaker on his or her desk. We in the industry know it […]
Trading Support & Resistance
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: * Trading the two currencies that are trending the most strongly […]
The 3 Strongest Stocks In The Solar Sector
Companies in the solar industry have been causing a commotion over the past two weeks. Last Thursday, shares of SunEdison (SUNE – Analyst Report) dropped 12% in morning trading after banks that loaned the solar company nearly $2 billion for an acquisition of Vivint Solar (VSLR – Snapshot Report) had second thoughts on the loan. (Also read, “Why Is SunEdison (SUNE – Analyst Report) Stock […]
Hoarding, Collateral And The Certain Indication Of Balance Sheet Restrictions
There is an ongoing mess in repo markets and not a lot of straightforward commentary about it. As usual, whenever any repo tenor trades highly special we hear only about the persistence and plethora of shorts betting on rate normalization. Since rates, overall, have done only the opposite going back to June 2014 and the […]
