Author Archive: Jeremy Parkinson
Dollar And Commodity Inverse Correlation Back
“Davidson” submits: US$ has continued its dive towards the long-term trend in the 65-70 range using this Trade Weighted Index. I do not predict when the trend-level will be reached, but am surprised with the recent acceleration towards normalization. The inverse correlation to WTI$ appears to have been reestablished. The inverse relationship is a combination […]
Sparring
Podcast: Play in new window | Play in new window (Duration: 11:25 — 6.5MB) DOW – 28 = 21,611 SPX – 0.38 = 2473 NAS + 4 = 6390 (record) RUT + 0.58 = 1442 (record) 10 Y – .01 = 2.27% OIL – .39 = 46.73 GOLD + 3.00 = 1245.00 BITCOIN – 1.93% = 2821.99 USD ETHEREUM […]
U.S., China Waver On Trade Deal
Negotiations on Wednesday between the United States and China failed to reduce the U.S. trade deficit with China. The annual trade meeting yesterday ended on a sour note with no public comments and no resolution of bilateral economic or trade-related issues. Among the issues discussed at the meeting were the reduction of excess Chinese steel […]
Gold Prices Enjoy Boost From ECB, Look On To FOMC Outcome
The outcome of the ECB rate decision offered a dual benefit to gold prices. First, the central bank struck a broadly dovish tone (as expected), with President Mario Draghi forcefully asserting the need for continued accommodation even as he conceded that the fate of the QE program will be discussed in autumn. The promise of loose monetary conditions […]
Upland Software – Chart Of The Day
The Chart of the Day belongs to Upland Software (UPLD). I found the Internet software stock by using Barchart to sort today’s All Time High list first by the highest Weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 7/10 the stock gained 7.45%. Upland Software Inc. is a provider […]
Stocks And Precious Metals Charts – One Day In Texas
“Beware the Jabberwock, my son! The jaws that bite, the claws that catch! Beware the Jubjub bird, and shun The frumious Bandersnatch!” Lewis Carroll “A shudder in the loins engenders there The broken wall, the burning roof and tower And Agamemnon dead. Being so caught up, So mastered by the brute blood of the air, […]
Secular Trends In Residential Building Permits And Housing Starts – Thursday, July 20
On Friday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to […]
Market Overview – Thursday, July 20
The short-term up-trend has been very strong, but now we on watch for signs that the momentum is starting to stall out. The Transports have turned lower, the leaders seem extended, and now the focus is switching to the defensive sectors Health Care and Utilities. Health Care breaking out. Utilities turning higher. Transports turning lower. […]
Pear Trading
The nature of the market reminds me of this pear tree. Each day for some time now, one to a few pears or sectors/indexes have stood out riper than the others. Beneath the pears ready for picking, is the low hanging fruit. On the ground are pears that fell prematurely. Or perhaps they fell because […]
