Author Archive: Jeremy Parkinson
Stocks Watchlist: IDTI, AL, LOW
Today’s stock picks Long Integrated Device Technology (IDTI) Long Air Lease (AL) Short Lowes (LOW)
Cookies In Bulk
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 20 = 21,553 SPX + 4 = 2447 NAS + 13 = 6274 RUT + 1 = 1425 10 Y + .02 = 2.35% OIL + .69 = 46.08 GOLD – 2.70 = 1218.30 BITCOIN – 0.21% = 2359.62 USD ETHEREUM + 2.83% […]
Market Overview – Thursday, July 13
The short-term trend is up and this chart shows that there was some follow through today. However, despite the uptrend, this PMO index hasn’t started to move higher yet. I don’t like this. The Package Industry index is looking healthy. This index generally moves along with the economy and the broader market. So, when it […]
We Do These Things Because They’re Easy: Our All-Consuming Dependence On Debt
On September 12, 1962, President John F. Kennedy gave a famous speech announcing the national goal of going to the moon by the end of the decade. (JFK’s speech on going to the moon.) In a memorable line, Kennedy said we would pursue the many elements of the space program “not because they are easy, but because […]
All Conundrums Matter
Since we are this week hypocritically obsessing over monetary policy, particularly the federal funds rate end of it, it’s as good a time as any to review the full history of 21st century “conundrum.” Janet Yellen’s Fed has run itself afoul of the bond market, just as Alan Greenspan’s Fed did in the middle 2000’s. But that […]
Stocks And Precious Metals Charts – The Calm Before The Storm
“In truth, however, nothing is inevitable and very little is new. And tech is no more the root of the problem than are trade or globalization. Many of our most vaunted innovations are simply methods — electronic or otherwise — of pulling off some age-old profit-maximizing maneuver by new and unregulated means.” Thomas Frank “It […]
A Hedge For Up Markets
Stocks creep higher today as the S&P 500 index is hanging onto the edge of the upper expected move for the week. Can stocks explode higher from here or will they remain within the expected move for the week? Watch tonight’s video to find out what will move the S&P tomorrow and how to hedge… […]
T And Why We Look At Both Daily And Weekly Chart
If you only look at daily charts you might be a SELLER too early. The daily chart for T is quite ugly as the slide below the 20 DMA and 50 DMA has continued. Long term oversold on daily chart. The weekly chart has T inside our long term bounce zone with 35.90 as the […]
After The Towel Is Thrown
Bill Ackman had a famously bad time with Valeant Pharmaceuticals (VRX), which crashed from $263 to the single digits. Last March, having suffered terrible losses for his fund, Ackman “threw in the towel” and dumped his position, prompting even Gartman to chime in. So did the stock instantly soar higher? No, that would be a little too […]
