Author Archive: Jeremy Parkinson
Oil Patch Bankruptcies Hit $17.4 Billion
Nine North American oil and gas producers have commenced Chapter 11 bankruptcy proceedings so far this year, (to March 7) according to law firm Haynes and Boone LP’s Oil Patch Bankruptcy Monitor . These nine oil patch bankruptcies take the total number of North American oil and gas producers that have filed for bankruptcy since the beginning of 2015 […]
ECB, Corporate Bonds, And Credibility
The euro’s rallied shortly after the ECB announced numerous monetary measures that in their totality were more than expected. Many saw this as proof that monetary policy had lost its effectiveness, and central banks have lost credibility. Recall summer of 2012. The market anticipated another round of asset purchases by the Federal Reserve. The […]
EIA Inventory Report Analysis – March 23, 2016
Imports this past week was the main culprit for the large inventory build in oil. Video Length: 00:10:25
Only One Oil Fundamental Factor
The fundamentals for crude oil continue to be atrocious. Production remains relatively stable if slightly reduced, which is about the only factor in favor of oil prices since the February 11 low. On the other side of the ledger, you don’t hear as much about how it’s all oil supply anymore other than the occasional […]
Is The Commodities Rally For Real?
Before I go into the substance of it, remember that just being bullish doesn’t make for a trade. You have to have a risk/reward setup that meets your objectives. I believe that commodities will not run back to 2014 levels quickly. Instead I expect an upward sloping trading range that will give numerous points to […]
SP 500 And NDX Futures Daily Charts – Slippery Slopes Of Pigmania
“We become slaves the moment we hand the keys to the definition of reality entirely over to someone else, whether it is a business, an economic theory, a political party, the White House, Newsworld or CNN.” B.W. Powe So far this is just a pause, just another day in the dismal lands of Pigmania. Let’s see if […]
Precious Metals Report – March 23, 2016
Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:07:34
Oil Threatening To Break Its Rising Trend-Line
After breaking out of its recent base, oil has been on a roll, breaking out of its rising channel and crushing the hopes and dreams of bears wanting to see $20 oil. Now the question is, does the bears have a renewed sense of hope here with a possible break in the rising trend-line? We shall soon find out!
This Rally Is An Illusion: Two Market “Magic Tricks” Pushing Stocks Higher
Stocks have been on a tear. After looking weak in February, when the bottom could have fallen out, stocks have soared close to 13% in a matter of weeks, we’re finally here: positive for the year, above the market’s important moving averages, above resistance, and just plain sitting pretty. So why does it all feel […]
Japan’s Negative-Yield, Inverted Bond Market Close To Breaking Point
Japan’s dysfunctional bond market is not only inverted between three month and eight years, it also sports negative yields out to 10 years. The yield curve also inverts between 30 and 40 years, albeit in positive territory. Inverted means longer-dated bonds yield less than shorter-dated bonds. “It wouldn’t be surprising to see some BOJ operations […]
