Author Archive: Jeremy Parkinson
Stocks Rally As Macron And LePen Make Second Round Of French Presidential Election
Inflation Decelerates Before I get into the latest market moving headlines this week, I want to emphasize the recent movement in inflation. While I have mentioned the decelerating inflation in passing, I didn’t give it enough coverage considering the large movement the CPI had in March. As you can see from the chart below, the […]
Why Macron Is A Risky Bet For France And For Europe
About two months ago I wrote about Emmanuel Macron as a risk, rather than a saviour. Today, following his 1st round presidential victory in France, I feel even more that he represents a risk that is unappreciated. Here’s why. As I put in March, “Macron as President is a ‘bad’ outcome for stability since he has […]
Don’t Trust The Gap Up In The US Markets Today
The US markets gapped up today and the VIX made a big gap down. I am not buying into this move today. Some quick comments on the USD, gold and silver is also included in this market wrap. After looking at the silver chart I was a little surprised at my outlook considering how it […]
IHS Markit – Chart Of The Day
The Chart of the Day belongs to IHS Markit (INFO). I found the business information stock by using Barchart to sort today’s All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 3/28 the stock gained […]
Oil Futures Vs. CAD Hourly… Still Tight And A Bounce May Be Near
Based on the hourly view, oil futures have moved down from the 53.76 high in a five-wave impulse pattern. We have a near-term extension target to 48.69; but we are close. So a corrective rally may be due. We have overlaid CAD/USD so you can see the continued correlation holding… oil down CAD down…
To The Asian ‘Dollar’ And Then What?
The Bretton Woods system was intentionally set up to funnel monetary convertibility through official channels. The primary characteristic of any true gold standard is that any person who wishes can change paper claims into hard money. It was as much true in any one country as between those bound by the same legal framework (property). […]
Le Pen ‘Loss’ Sparks VIX-Driven Stock-Buying-Panic But Bond Yields, Crude, & Dollar Drop
The next two weeks in France… According to the bookies, it’s a done deal… Stocks Up, Oil Down So stocks soared… Trannies best on the day but Nasdaq hit a new record high, desperately trying to tag 6,000… and legged higher in the last hour as machines misinterpreted Le Pen stepping down as […]
Trade Idea – Taking Advantage Of Stock Market Rally – Option Strategies, Options
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Market Talk – Monday, April 24
Donald Trump’s tweet on Saturday for plans of a “big” tax reform announcement on Wednesday has probably been overshadowed by Sunday’s event. The first round victory for Macron and going head to head with Le Pen certainly propelled Europe, but may be questionable how much of an effect it had away from President Trumps tweet. […]
Stocks And Precious Metals Charts – Risk On!
As you most probably have heard the French elections settled on the ‘base case’ candidates, Le Pen and Marchon. None of the old line, established parties made the cut. Le Pen is the hard nationalist right and anti-EU. Macron appears to be a political noveau, and a kind of Obama like centrist figure with a very […]
