Author Archive: Jeremy Parkinson
S&P 500 Snapshot: A Couple Of Headfakes Before A Flat Finish
Yesterday we highlighted a tightening pattern in the trading range over the past few sessions, and posed the question: Will tomorrow see a breakout or breakdown? The early trade suggested a breakout, thanks (it initially seemed) to ECB President Draghi’s latest stimulus move. The S&P 500 surged to its 0.80% intraday high shortly after the […]
Market Talk – March 10th, 2016
The surprise rate cut by the New Zealand Central Bank earlier this morning spooked a few markets especially ahead of the ECB later in the day. The Nikkei liked the news which resulted in a +1.3% rally but that has been reversed after the wests reaction to the ECB this evening. In late US trading […]
SP 500 And NDX Futures Daily Charts – Wide-Ranging And Wobbly
The markets seem to be trading with the same kind of edginess as if they were playing Russian roulette. Have a pleasant evening.
Valuations Hover Just Below Normal Range
We now calculate that 36.86% of the stocks we can assign a valuation are overvalued and 11.05% of those stocks are overvalued by 20% or more. These numbers have recovered a bit along with the market rally since the earlier “unpleasantness” of 2016. We are now showing stocks that have recovered in value, are less […]
How This New “Fear Gauge” Could Fix The VIX
Volatility has gripped the markets for much of 2016, with wild up-and-down swings roiling markets and giving way to fear (and near-panic) among investors. If you follow the stock market, you know what the VIX is. It’s the volatility index. It’s also known as the “fear index” or “fear gauge” because increased volatility is almost […]
The Four Technicals You Need To Watch For On Oil (USO)
Check out the chart below to see what I am watching on the USO play. Some good developments unfolding for the bulls, but still remains on shaky ground until it can prove itself. Here’s the technical analysis on USO:
Hedge Fund Chief Warren Irwin’s Blockbuster Uranium Call And His Best Metal And Oil Plays
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. The event-driven hedge fund Rosseau LP has beat its benchmark by over 50% since inception in 1998, and its founder and CIO Warren Irwin says it does so by going deep, looking at […]
Draghi’s Deadly Derangement
Yes, the man is totally deranged, and so is the entire eurozone policy apparatus. Like much of officialdom elsewhere in the world, the ECB is attempting to fight low growth and low inflation with monetary nitroglycerin. It’s only a matter of time before they blow the whole financial works sky high. Low real GDP growth in […]
Marketaxess To Launch Electronic Trading For $3.6 Trillion Municipal Bond Market
NEW YORK, March 10, 2016 (GLOBE NEWSWIRE) — MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, announced today it will expand its trading system in April to the $3.6 trillion municipal bond market. MarketAxess […]
Now We Know Why The ECB Panicked
The only immediate silver lining may be in the end the most fruitful of long-term prospects. Central bankers have done us a profound favor by overplaying their hand time and again. The catalog of false statements and expectations is long and getting longer. The ECB then assured “us” that this was different and that the […]
