Author Archive: Jeremy Parkinson
Bull Market Has A Lot More Room To Run
Stocks are trading at record levels. Still the bull market could easily run equities up another 25 percent—even against the backdrop of slower economic growth abroad. The sagging fortunes of other advanced economies are mostly caused by structural problems that are unlikely to abate—in the European Union the rigidities imposed by a single currency, in […]
E Mid Cap Best & Worst Report – November 19, 2014
Since 2010, the best scoring names in our weekly mid cap reports have outpaced the S&P 400 by a median 4.07% in the following year. The best performers from our list from 1 year ago are ILMN up 95%, LVLT up 71%, LRCX up 61%, and ALXN up 58%. The best mid cap sector is […]
EC Market Breadth Is Trying To Tell Us Something About Risk
Volume Speaks To Conviction Since every stock trade has a buyer and a seller, stocks do not rise when there are more buyers than sellers (something that is not possible). Instead, prices rise when the conviction to buy is greater than the conviction to sell. It can be thought of this way under bullish conditions, […]
Apple Drops, But No Need To Worry
Apple Inc. (NASDAQ:AAPL) might have clocked a record high of $115 in the market, but that has not stopped some of the biggest hedge funds in the U.S from offloading their stakes in the company. Recent quarterly filings clearly show that these investors might be ridding themselves of their shares by the same measure with […]
The Stock Whisper Of The Day: VelocityShares 3x Long Natural Gas
The stock whisper of the day is: (UGAZ), (UNG).
Helpful Thoughts About Coal
“Coal is a dead man walking” -Kevin Parker (Deutsche Bank Executive) Well, I don’t know about that, Kevin. On a billboard greeting travellers at the airport in Ranchi (India), the capital of the Indian state of Jharkhand, ‘Welcome to the Land of Coal’ is present in block letters, and in case you are seriously […]
Morning Call For November 19, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.04%) this morning are down -0.05% ahead of the minutes of the Oct 28-29 FOMC meeting, while European stocks are up +0.24% at a 1-1/2 week high as health-care stocks gained on speculation of increased M&A activity. Yields on European government bonds rose after ECB policy maker Knot said he was […]
Traders Report November 19th: Australia
Australian shares have fallen for the third day in a row. The technicals show that the index fell straight through the support level of 5420 and closed at its low today of 5352. This level was the support low seen in April to June. If the price falls through this price level then it is […]
A Conundrum For Treasury Yields
New York Fed President William Dudley is inclined to ignore the recent drop in inflation forecasts via the Treasury market. In a speech last week, he explained that “in assessing inflation expectations, I currently put more weight on survey-based measures of inflation expectations as opposed to market-based measures.” The distinction is more than academic. “Survey-based measures have […]
These Divergences Haven’t Taken Place Since The 2007 Highs
Click on picture to enlarge Looking back at 2006/2007, several key market indicators started diverging from the S&P 500, before the large decline in 2007/2008 took place. The above chart compares the Staples/Discretionary and Russell 2000/SPY ratios against the S&P 500 over the past 5-years. The blue shaded areas reflects that both ratios started falling […]
