Author Archive: Jeremy Parkinson
Tesla Motors Releases Much Anticipated Model 3
Tesla Motors, Inc. (TSLA) is an American automotive and energy storage company that designs, manufactures, and sells luxury electric cars, electric vehicle powertrain components, and battery products. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well […]
Morningstar Buy Signals
Today I added Morningstar (MORN) to the Barchart Van Meerten New High portfolio for positive price momentum. Barchart technical indicators: 80% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 18 new highs and up 9.61% in the last month Relative Strength Index 69.57% Technical support level at 86.80 Recently traded at […]
Face The Music And Dance
So, what’s the trouble ahead? Was sell-off Tuesday a sign of a severely overbought market correcting (see McClellan Summation index below)? Worries about a weak earnings? Is Greece crawling its way back to the forefront as the IMF and EU duke it out over another rescue (the IMF recent leak)? Do the so-called Panama Papers […]
Solid Versus Shaky
This post was intended to show a bunch of index charts and divide them into “solid” (those with solidly bearish patterns, in spite of the absolutely ludicrous and brain-dead rally from February 11 through April 1) and “shaky’ patterns. It turns out that I’ve only got one ‘shaky” chart to offer, which is the Dow 30, since it violated […]
New IOS Update Found To Have Privacy Issues
On March 21st, Apple held a launch event for the company’s newest products and updates. Included in that presentation was the latest operating system update. Some of the positive changes made to iOS 9.3.1 include fixing of the bug that would cause the iPhone to lock up and drain battery usage, as well as the problems […]
Crude Spikes After Biggest Inventory Draw In 2016
WTI’s ‘mysterious’ spike into the NYMEX close extended after hours (almost as if someone knew something). Inventories drew down 4.6mm barrels according to API (drastically less than the expected 2.85mm build). This is the biggest weekly draw since Jan 1. Cushing was expected to see a build of 100k (after 2 weeks of draws) but saw […]
E Cattle Limit Down
Cattle futures, both fats and feeders finished limit down today. The catalyst was sinking wholesale beef prices. Support in the April lies about 100 – 125 points lower than its settlement. The hogs looked as if they were going to stabilize today as the Junes were up over 100 points at one time during the […]
S&P 500 Snapshot: Down 1.01%, Worst Day In 19 Sessions
Most global indexes had a bad day today. Among the biggest losers were the Nikkei, ended its session at -2.42%, and Germany’s DAX fared even worse at -2.63%. At its open, our benchmark S&P 500 appeared to follow the trend, plunging a 1.03% in the opening minutes. It then oscillated in a narrow range before […]
Portfolio Management: Which Risks To Take
At Smead Capital Management, we make it a practice of constantly reviewing our discipline of stock selection and portfolio management. Like a sports agent compares athletes, one of the ways we do this is to follow competitors with proven track records of success. Many portfolio managers of U.S. large-cap equity funds have had a very […]
Market Talk – April 5, 2016
Oil was blamed for the majority of today’s equity weakness but there was no new news and the reason was a little baffling! The Nikkei broke the 16k level and then fell another 300 points quite sharply. In late US trade it has lost an additional 150 points and is currently trading around the 15,500 […]
