Author Archive: Jeremy Parkinson
E From A Macro Perspective
From a macro perspective – we’re experiencing an S&P topping formation that may or may not turn ‘south’ rapidly, or persist in a distribution process. After all that’s happened in the past year-and-a-half, it is again dangerously extended. During this time we’ve had some marvelous moves outlined, primarily biased to the downside (solely on spikes […]
April Fools In March
It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football on the ground to fool poor Charlie Brown. But in today’s high stakes game of Federal Reserve mind reading, the Fed doesn’t even have to make a halfway convincing bluff to […]
Weekend Reading: Bulls Vs Bears – Who Will WIn
As March marked the beginning of spring, the bulls were stampeded by a “perfect storm” of Central Bank actions. From the ECB dropping rates into negative territory and launching a bigger “quantitative easing” program, to the Federal Reserve backing off its plans to hike interest rates this year, the “accommodative support” gave the bulls the clearance they needed to pile back […]
Gartmaned Again
It’s just heartbreaking… and the ES has flown higher from even where this graph represents. Incredible. Yellen has nothing on this guy.
Today’s Trading Plan: Playing Bulls For Fools
Technical Outlook: One of the most volatile quarters ever ended on a quiet note yesterday pulling back ever so slightly. Today’s morning weakness is looking at a respectable gap down. These gaps downs how been difficult for the bears to do anything with, often times leading to eventual, same-day, market rallies. Last April had a fairly significant […]
E The Daily Shot And Data – April 1, 2016
Greetings, We begin with China where the latest reports suggest that the nation’s economic growth may have bottomed for now. 1. China’s official manufacturing PMI beat consensus, showing slight growth (PMI > 50). 2. The China Caixin Manufacturing PMI also beat expectations. Here is a quote from Caixin on the latest results. Source: Markit/Caixin 3. China’s […]
ISM Manufacturing PMI Beats With 51.8 – USD Looking Better
It’s a winning streak for US indicators today, on April Fool’s Day. The ISM Manufacturing PMI beats expectations quite nicely with 51.8 points. Prices provide an even bigger beat with 51.5 against 42 expected. However, employment is down to 48.1 points, worse than last time, but we already know that manufacturing jobs are poor and that […]
U.S. Private Payrolls Rise At Strongest Annual Pace In 5 Months
Private payrolls in the US increased 195,000 in March (seasonally adjusted), a moderately lower gain vs. February’s 236,000 advance, according to this morning’s update from the Labor Department. But the year-over-year trend improved, pointing to sustainable and healthy growth for the labor market in the near term. The annual pace for payrolls at US companies ticked up […]
E RXi Pharmaceuticals Patent And Conference Call News Update
TM Editors’ Note: This article discusses a penny stock/microcap. Such stocks are easily manipulated; do your own careful due diligence. On Thursday RXi Pharmaceuticals (RXII) announced that it had received a patent from the United States Patent and Trademark Office — USPTO — for a patent that covers RXi’s technology sd-rxRNA along with Connective Tissue […]
This ETF Makes 31% More Than S&P Last Month, Says Joe Friday
CNBC shared the stat below this morning, per the Dow just experienced the “biggest comeback since 1933.” CLICK ON CHART TO ENLARGE Does a “comeback” mean money was made for the buy and hold community? Even though the comeback was historic, the net return on the Dow as 1.49%. Even though the quarterly gain was small […]
