Author Archive: Jeremy Parkinson
Ackman Capitulates: Sells Entire Valeant Stake; Stock Tumbles
Valeant shares plunged after the close after CNBC’s David Faber first reported that Pershing Square’s Bill Ackman had liquidated his entire stake, and has effectively resigned from the board, saying he won’t stand for re-election. According to Bloomberg, Pershing Square is offering 27.23 million shares via Jefferies, at a price of $11.10-$11.40. Quoted by Reuters, […]
Inside The Window Of Opportunity Or Risk
Two out of the four market indices had inside trading days today. An inside day is when the current day’s trading range is literally inside the prior day’s trading range. Imagine inside days like when investors look inside a window and can only see a portion of the house. From that viewpoint, they pause and […]
Agriculture Markets Report – Monday, Mar. 13
A review of the day’s trading in the agriculture markets. Video Length: 00:08:58
Why The Retail Stock Market Sector Will Be An Enticing Short
The stock market is rising for a long time. As sentiment becomes unanimously bullish, smart investors realize that is the most reliable sign that the end of the long-term bull market is nearing. We are not bearish yet, but we realize that this long-term bull market will turn into a stock bear market at a certain point. Last week, our […]
Daily Trading Opportunities For Mar. 14
With most the announcements coming out during the session on Tuesday involving either CPI or PPI numbers around the world, it seems as if it will be a day that is highly focused on stock indices as these numbers represent industrial strength or weakness. DAX With the German economic sentiment numbers coming out during the […]
NAV Premiums Of Certain Precious Metal Trusts And Funds – Monday, Mar. 13
Sprott Offer For Central Fund of Canada Press Release dated March 8 Sprott Asset Management LP (“Sprott”), a wholly owned subsidiary of Sprott Inc. (TSX:SII), today announced that it has filed an application (the “Application”) with the Court of Queen’s Bench of Alberta (the “Court”) to formally commence proceedings which, if successful, would result in the Class […]
E Classic Elliott Analysis Shows Fall In WTI Crude Futures
Read anything today about the fate of WTI Crude and you’ll soon get eye strain in all the Fundamental jargon used to describe what lies ahead. For Technical Analysists, dare I say, Chartists, like myself – looking at WTI Crude shows a classic and clear Elliott Wave pattern. And, one of the great things about […]
EIA Reports Larger-Than-Expected Natural Gas Draw
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease in natural gas supplies though the withdrawal was way below average as mild weather conditions restricted heating demand. About the Weekly Natural Gas Storage Report The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 […]
Labor Market Still Not Accelerating
Conventional wisdom right now says that the Fed is going to raise rates because the economy and by extension labor market are still improving. The word “improving” is subjective, so to further justify that sentiment, the CPI is back over 2% and the PCE Deflator just might join it in February. By the light of […]
Trillions In Debt And We’re Just Scratching The Surface
As the federal debt has gone from astounding to unbelievable to incomprehensible, a new problem has emerged: The US government is actually running out of places to borrow. How Many Zeros Are in a Trillion? The $20 trillion debt is already twice the annual revenues collected by all the world’s governments combined. Counting unfunded liabilities, which include promised […]
