Author Archive: Jeremy Parkinson
Bullish Setups For The Market’s Move Higher
The market pulled back nicely last week… it pulled back orderly, and after seeing the three day pullback there is little concern at this point for the bulls. Sure the selling could pick up, but as it stands right now, this market looks like a light volume pullback that the bulls are going to buy […]
The Struggle For Brazil – And Against The Brics
While international media focuses on Brazil’s mass demonstrations against corruption, efforts behind the façade precipitate regime change, restoration of a pre-Lula order, and a struggle against the BRICS nations. The U.S. feels threatened by an era of multipolarity, which deeply implicates China, and other emerging economies. In August 2016, Rio de Janeiro should host South […]
Consumer Spending Outlook Buckles With “Surprisingly Weak” Income Report
Those trumping up the notion consumer spending would pick up in the first quarter were in for a surprise today. The BEA report on Personal Income and Outlays was anything but strong. Bloomberg Econoday found today’s report “surprising”. The Econoday economist’s consensus reading for February was 0.1%, with the actual report coming in better at 0.2%. The surprise was […]
Time Warner Scores 2016’s First Blockbuster Film
Following the three-day weekend in observance of the Easter holiday, futures ahead of Monday’s open are up across the board — Dow, Nasdaq, S&P 500, even oil prices (both WTI and Brent) were up ahead of the morning bell. The Nikkei was up overnight, although the Shanghai slipped in its first trading session of the […]
Bull Of The Day: Mistras Group
It’s been a volatile year already in the stock market. We’ve seen a move straight down from January 1st to the 20th, a whipsaw higher and retest of the lows in mid-February, followed by a rip your face off rally to 2,056. With all the back and forth action, it’s been hard to key in on […]
February Pending Home Sales Surge By Most On Record Amid Midwest Miracle
With stock markets roller-coasting by the most on record, February pending home sales rose 3.5% MoM (seasonally-adjusted) dramatically beating expectations. In fact, sales spiked 29.5% MoM (non-seasonally-adjusted) – the best February spike ever. Price gains have slowed notably, which is being cheered by NAR’s Larry Yun, but notably the majority of the sales surge in Feb […]
EC Worst Case: Durable Goods May Not Actually Show Recession
Orthodox economic theory assigns recession to some exogenous “shock.” Without it, an economy is supposed to grow indefinitely along its trend or potential baseline so long as NAIRU (non-accelerating inflation rate of unemployment) is maintained. As you can imagine, economists and policymakers spend most of their time on that latter part which is one reason, […]
Qlik Surges After Reportedly Bowing To Activist Wish To Seek Alternatives
The shares of Qlik Technologies (QLIK) are jumping after Reuters reported that the company had retained Morgan Stanley to explore strategic alternatives, including a possible sale of the company. In notes to investors, research firms SunTrust and RBC Capital wrote that several entities could look to buy Qlik, which develops business intelligence products. WHAT’S NEW: […]
Spark Energy – Sell Signals
This morning I deleted Spark Energy (NASDAQ:SPKE) from the my portfolio for negative price momentum. Barchart technical indicators: 72% technical sell signal Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 24.48% off its recent high Relative Strength Index 35.15% Recently traded at 21.04 which is below its 50 day moving average of 24.18
E Clearing Up Negative Interest Rate Confusion. Kocherlakota Weighs In
With all the talk of negative interest rates, we have to determine why they are considered so important. They are obviously very important to bankers, economists and central bankers. This article is not an attempt to encourage these folks because of the danger of cashless regulations once a negative regime is put into place. But […]
