Author Archive: Jeremy Parkinson
Above The 40 – The S&P 500 Follows Through And Scratches Overbought Levels
AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAsVIX = 10.8 (volatility index)Short-term Trading Call: bullish CommentaryThe French Fly continued apace as financial markets continued to celebrate. In The French Fly, I failed to post a chart of the iShares MSCI France (EWQ). […]
Stock Markets At All Time Highs, EURJPY 4.1% Up This Week
USDJPY continues its wild rise touching 111.40 highs so far. Notably, the USDJPY was at 109 on Friday. Nevertheless, Reduced concerns over the French Presidential elections in combination with strong US data and optimism regarding Trump’s expected tax reform announcement today, kept the pair in high demand, as well as stock markets. Overnight positive earnings […]
London Property Crashed 40% Thanks To Tax Increase
The London housing market has crashed to its lowest level now since 2013. We reported in November 2015 with the turn in the ECM on 2015.75 that the London property market peaked. Landlords are joining together to challenge the Conservative’s (i.e. Tory’s) tax hike by filing a suit in the high court against their tax increase on “buy-to-let” investment properties. In July […]
When Restrictions On House-Building Meet Growing Demand: Interview With Joseph Gyorko
For a few years now, Joseph Gyourko has been doing research and writing essays with a focus on housing supply, and in particular, how a collision between local restrictions that hinder home-building combined with growing demand in those localities lead to differences in prices. In an interview with Hites Amir, Gyourko lays out these views […]
USD/JPY Bullish Breakout Above Bull Flag Pattern At 110
USD/JPY 4 hour Yesterday the USD/JPY broke as expected above the 110 resistance (dotted red) of the bull flag chart pattern. Price has continued with its bullish extension in wave 3 (brown) and has now arrived at the 261.8% Fibonacci target which could create a potential retracement. 1 hour The USD/JPY breakout above resistance (dotted […]
Trump Just Imposed A New Tax On Lumber
There are a lot of news reports today about Trump’s decision to impose stiff tariffs on American companies (home builders) who buy Canadian lumber, here is a sample: “Trump slaps first tariffs on Canadian lumber,” “Tariff on Canadian lumber sends a stern message,” “Trump Administration To Impose 20 Percent Tariff On Canadian Lumber,” and “Trump […]
The Euro Is Stronger Than You Think
from Daily Reckoning by James Rickard The euro is the currency of the largest economy in the world, but it gets little respect. The break-up of the Eurozone (those EU countries that use the euro as their currency), and the collapse of the euro have been predicted repeatedly since 2009 by prominent U.S. economists Paul Krugman, Joe […]
EC IEP Offers A 12% Yield And Trades At A Four-Year Low, But Is It Safe?
One investing school of thought is that you should find an amazing investor and ride his or her coat tails to fun and profit. This certainly worked out well for those who bet on history’s greatest investor, Warren Buffett, by investing in Berkshire Hathaway (BRK-A, BRK-B). You can view Buffett’s high dividend stock portfolio here. After […]
Buying American, Losing America
Recently, President Trump traveled to Wisconsin to sign the “Buy American, Hire American” executive order, which seeks to crack down on fraud and abuse of the skilled worker (H-1B) visa program. Then, he traveled to Kenosha, Wisconsin, to sign the second part of the order, which calls for US government agencies to give preference to […]
Delaying The Fiduciary Rule = A Dumb Move
As you may have heard, the fiduciary rule that was scheduled to be established by the Department of Labor (DOL) on April 10th of this year, has been delayed out by a month or two after all. A few weeks ago, I discussed the basics of the rule and why it is so important for the […]
