Author Archive: Jeremy Parkinson
What? Me Worry?
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 2 = 17,685 SPX – 3 = 2048 NAS – 26 = 4675 10 YR YLD + .03 = 2.35% OIL – .51 = 74.61 GOLD – 14.40 = 1184.10 SILV – .06 = 16.23 The Federal Reserve’s most recent FOMC meeting was […]
Santelli Goes Ballistic: “I Feel Like I’m Living In A Cartoon”
Having noted rather pointedly that “there’s a subsidy in the marketplace that’s worked out definitely to those that are holding equities,” Santelli warns, when The Fed removes it, “it creates a problem for equities.” However, when he is asked about the disconnect between the bond market (rates) and what The Fed is telling us, Santelli […]
Early Losses Couldn’t Kill Yesterday’s Gains
It was a decent, yet unspectacular day for the indices. Early losses were clawed back by the close, but there was no push higher. The S&P is nicely positioned to gain. The inside day at oversold conditions is typically bearish, but I’m not sure today was. The Nasdaq may be shaping a new handle, […]
Japan’s ‘Surprise’ Recession And How You Should Trade It
I saw a headline this week that actually made me laugh out loud: “Japan’s economy makes surprise fall into recession.” Surprise? Really? Japanese GDP shrank by 1.6% last quarter after shrinking by 7.3% in the second quarter. The culprit? Japanese consumer spending, which was much weaker than expected. Consumer spending makes up about 60% of […]
E Dow Megaphone Pattern: Better Watch Out, Better Not Cry…
Better watch out, better not cry, ProTrader Mike is going to tell you why…the Dow is about to take a crashing you know…. What is the Megaphone Pattern? A megaphone pattern is considered bearish, indicating that the current uptrend may reverse to form a new downtrend. A Megaphone Top is rare and must be played […]
Gold Daily And Silver Weekly Charts – The Bear Market Grinds On
There was intraday commentary here and here. Gold in particular is hitting stiff resistance at a key resistance point. It is not the breakout point, but it does offer some threat if momentum can build to the next level. This is how I read it. You may choose to think differently. Silver provided some support in refusing to […]
It’s Our Money With Ellen Brown – Irish Spring
Perhaps one of the only bright spots in the Irish economy is the prospect that they might recover some of their damaged monetary strength by creation of new Irish public banks. After the European Central Bank had its way with stripping the country of its financial underpinnings through more speculative misbehavior by the global big banks, Ireland, like […]
Fed Warning Sends Small Caps Red For 2014
The word “volatile” comes to mind when reflecting on today’s cross-asset class action. US equities dumped into and beyond the US open, decoupling entirely from JPY carry, only to reverse perfectly at the European close and recover all the way back to USDJPY right as the FOMC minutes hit. A kneejerk sent stocks higher but […]
Deformations On The Dealer Lots: How The Fed’s ZIRP Is Fueling The Next Subprime Bust
On any given day, Janet Yellen is busy squinting at 19 essentially meaningless labor market graphs on her “dashboard” looking for evidence that ZIRP is working. Well, after 71 months of zero money market rates—-an unprecedented financial absurdity—-there are plenty of footprints dotting the financial landscape. But they have nothing to do with sustainable jobs. Instead, ZIRP has fueled […]
Market Commentary: FOMC Minutes Lack Inspiration, Major Averages Remain In Red
Written by Gary Afternoon trading was, again, more or less sideways and within a narrow zone except for the FOMC minutes release. The averages went up fractionally, then down and finally back up to where they were prior to the report. All in all, the minutes were somewhat of a washout relative to market expectations By […]
