Author Archive: Jeremy Parkinson
By Contrast, The Chinese Are Skipping Full ‘Stimulus’ No Matter The Inflation Rate
Europe is not the only location seeking out more “inflation”, as almost any central bank around the world except Banco do Brasil would do anything to find it. The ECB provided more emphasis in their panicked escalation today. In China, by contrast, consumer prices moved to +2.3% in February, which was the highest rate since July 2014. […]
ECB: I Cannot Do Whatever It Takes
The ECB just announced a further reduction in interest rates, extended its QE program by increasing the rate at which buys assets, beefed up the TLTRO program and extended its horizon. It all sounds like good news and many of these actions had been expected in the last meeting of 2015 and they did not […]
E The Diminished Efficacy Of Central Bank Expansion Policies
The diminished efficacy of central bank expansion policies increasingly is being recognized by traders, if not monetarists or official interpretations. While I did correctly refer to the ECB-triggered bounce (in advance) as a highly likely ‘buy the rumor / sell the news’ event (a hair above the rebound S&P highs with a ‘pop & flop’ outcome); […]
Gold Faces Further Bullish Momentum On Rally
Gold: Having closed higher and seen following through during early trading today, Gold faces further sees bullish momentum. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 […]
Value Investing In Turbulent Times
In 2016 with the worst start to a new year ever, the U.S. stock market continues to experience extreme volatility with triple-digit moves in the Dow Jones Industrial Average index occurring on almost a daily basis. Concerns about China, commodities, credit and currency, along with the first Fed rate hike in years, is contributing to a rollicking roller-coaster ride for […]
Cantel Medical Corp. – Chart Of The Day
The Chart of the Day belongs to Cantel Medical (NYSE:CMN). I found the medical infection prevention stock by using Barchart to sort today’s All Time High list first for the highest number of new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review the charts. Cantel Medical […]
The Nerve
Kuroda, Draghi, and Yellen sure have a lot of nerve. How dare these blinkered bureaucrats cause someone like me anxiety and stress? What business is it of theirs to threaten a normally-operating market and trouble a sweet soul like myself? I might as well be scared of a DMV clerk. This morning was Exhibit A. Here I was, positioned […]
An Outside Day…
Markets flew around all over the place today. Precious metals down in pre, stocks up. Stocks down post-Draghi, PM’s up. I remain positioned for balance in the miners (reestablishing some hedging at the end of the day) and in stocks. Cash is the best balancer and I have a lot of that, but insofar as […]
Working Off Overbought & Setting Up For Higher Prices
“What’s the point of being alive if you don’t at least try to do something remarkable.” –Anonymous Today was very choppy seeing the S&P gap nicely only to fade and fall nicely, only to recover and end the day near flat. The action is great for basing and working off the very oversold conditions we […]
