Author Archive: Jeremy Parkinson
Gold’s Line In The Sand: Next Downside Target Is Around $700, Even If It Breaks Up First
Many analysts have been so excited that gold broke to new highs, above $1,262, in late February. I was excited as well, but for a different reason. I’d forecast that gold could bounce back just above the July 2016 highs of $1,373, to around $1,400 or $1,450. And ANY bounce, no matter how high it […]
Sector Strength – Monday, April 17
The SPX is almost back to the point of the break down. A break above this level tomorrow would definitely confuse things. Sector Strength What is this spreadsheet telling us? I see quite a few red and blue boxes which means that there has been sector rotation, and it looks like investors are getting defensive. […]
The Expanded Retail Sales Gap
Retail sales growth in February 2017 was going to be low by virtue of its comparison to February 2016 and the extra day in that month. The Census Bureau’s autoregressive models are supposed to normalize just these kinds of calendar irregularities so that we can make something close to apples to apples comparisons. The seasonally-adjusted […]
My Watch List For Bullish Trade Setups
My watch list to follow this week So far the bulls are actually managing to put together a bounce this week and my watch list of long setups are looking pretty nice. Granted, it is only Monday, and the volume is likely to only be about half of what has been seen on average. So […]
The Market Awaits The Opposable Thumb Signal
On April 4th I asked, “Is Wall Street the New Sesame Street?” At the time, we surmised that Elmo is a worried Nasdaq and Abby with the lower position on the seesaw, is a cautious Modern Family. With Earnings Season upon us, we may finally get the answers to the questions: Will QQQs and the FANG […]
Buying Them To Sell Them Later?
Stocks rallied and volatility came smashing back down today after all the weekend excitement turned out to be a dud. Earnings season is upon us and there will be lots of big companies reporting this week starting with NFLX. The market will be pushed around one way or the other by earnings this week. In […]
Agriculture Markets Report – Monday, April 17
A review of the day’s trading in the agriculture markets. Video Length – 00:13:10
The Cable: Unplugged And Full Of Life
New Highs Achieved for Sterling-Dollar Pair On Thursday 13 April 2017, the GBPUSD pair traded at 1.2575 before reversing. The run-up to the Easter Weekend trading session proved to be an auspicious period for the GBP, with modest gains recorded. For the most part, Wall Street bourses racked up multi-day losses as bellicose activity elevated […]
Recap Of My First Quarter 2017
Hey everyone the first quarter of 2017 is already history so it is time to make a recap of my financial activities in the first 3 months of the year and to have a look if I am still on track towards my goals for 2017. The year 2017 was not that investment friendly for […]
