Author Archive: Jeremy Parkinson
The Rally In Stocks Continues
The rally in stocks continues to be unstoppable while people like me continue to bite their nails and worry. The short-term uptrend is being confirmed by the bullish percents. Junk bonds also continue to confirm the uptrend. The cumulative net Advance/Declines and the cumulative net Up/Down volume are confirming. The Leader List The leader list […]
US Shale Production Just Hit A New All Time High
One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when oil prices tumbled and a substantial portion of US production was briefly taken offline. While the final data has yet to be tabulated, it is safe to say that this […]
It’s Official: Emerging Markets Break Out Into New Secular Bull Market
This is major stock market news: emerging stock markets are breaking out. We wrote at least once per month, since April 2016, that EEM ETF (representing emerging market stocks) should break above 42 points in order to be in a new secular bull market. Investors should not get confused by the fact that this ‘event’ […]
Intercept Slides As Analyst Calls CymaBay Drug ‘True Contender’ After Data
Shares of Intercept Pharmaceuticals (ICPT) are sliding after H.C. Wainwright analyst Ed Arce raised his price target for its competitor CymaBay Therapeutics (CBAY) following data from the company’s Phase 2 study of seladelpar in primary biliary cholangitis. The analyst argued that the latter’s results “are more robust” than Intercept’s Ocaliva. STUDY RESULTS: CymaBay has announced […]
Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May. Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time […]
Massive Bank Short Position Liquidation Foretells Major Upward Movement In Gold Prices
I received an email from one of my readers on the July 4th holiday. He expressed dismay at the recent gold take-down that occurred at the end of June and on July 3rd. I am sure he is even more distressed, now, with the huge take down that happened on July 7th. He wondered how […]
NZD/USD Risks Further Losses On Softening New Zealand CPI
A marked slowdown in New Zealand’s Consumer Price Index (CPI) may spark a bearish reaction in NZD/USD as it encourages the Reserve Bank of New Zealand (RBNZ) to keep the cash rate at the record-low throughout 2017. Why Is This Event Important: With Governor Graeme Wheeler scheduled to depart in September, the RBNZ appears to be on […]
The Big Four Economic Indicators: June Real Retail Sales
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]
An Investment Lesson From Tennis Legend Roger Federer
Congrats to Roger Federer on his 8th career Wimbledon title and 18th Grand Slam title! The man is simply the best player to ever play the game. At 35 years old, he is aging like fine wine. I remember that there were rumors that he’d retire on top many years ago but he just keeps […]
Watch Uranium Energy Corp. (UEC) As Sector Leader Among Uranium Stocks
Yesterday, we said that we identified uranium mining stocks as our number #2 top play for this summer. In this article we showed the URA ETF with a beautiful bottoming pattern. Admittedly, we got concerned once URA broke below $15 two months ago. However, in the meantime, something happened which we did not see coming, and we will explain in […]
