Author Archive: Jeremy Parkinson
‘Heavy Selling’ Seen In Treasurys After Block Trade ‘Spooks’ Market
Bonds are on the back foot after a stellar German IFO print that showed the Eurozone’s most important economy is hitting on all cylinders. That was a welcome development given what we’ve seen over the previous two sessions in the DAX, which was weighed down by concerns about automaker collusion and a stronger euro. Now we’re seeing […]
Spectacular Gold And Silver Price Charts Pointing To A Decisive Outcome
The gold and silver market have reached a climax. As said recently, this is THE most important week of the year for precious metals as the trend for the 2nd half of the year will start … now. That is not because we hope so, that is because all precious metals charts are suggesting this. […]
McDonald’s Corporation Q2 FY 17, Eli Lilly And Co. Q2 FY17 Earnings
McDonald’s Q2 FY 17 and Eli Lilly Q2 FY17 earnings were reported before opening bell this morning. McDonald’s posted earnings of $1.70 per share on $6.05 billion in revenue, compared to the consensus estimates of $1.62 per share and $5.96 billion in revenue. In last year’s second quarter, the fast food chain reported $1.25 per share in […]
Shale Pains And OPEC
Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market. Halliburton (HAL) is warning that the US oil rig count is about to plateau or “peak shale” which we predicted in my recent energy webinar and for […]
Day Trading Stock Picks For This Week – Tuesday, July 25
Day trading stock picks likely to move big (up or down) during the week of July 25: HTZ, CBI, WLL, OAS, FOLD, AKS, CLF and AMD and few that are usually good day trading candidates: SPY, BAC, plus several others. Hertz Global Holdings (HTZ) Average day range (30) is 7.43% and average volume (30) is 10.2 […]
Updating The Link Between Recessions And Investment Returns
A new study offers encouraging results for a strategy of monitoring the business cycle as a tool for enhancing investment returns (or at least limiting losses). “Over the period 1970-2015, investment returns were enhanced by merely knowing concurrently whether the economy was in a state of expansion or contraction, and making the most basic asset […]
USD Steady Ahead Of FOMC Tomorrow; AUD/JPY, CAD/JPY Longs Primed
FX markets are calming down as the volatility-draining tractor beam that is the 24-hour period ahead of a FOMC rate decision fast approaches. The US Dollar (via the DXY Index) has stabilized after its recent selloff carried it to new lows for 2017, with support materializing around its August 2015 lows. With the FOMC rate decision fast […]
S&P Futures Bounce As VIX Hammered, Europe “Euphoric”
After sliding to 3 month lows on “car cartel” concerns yesterday, European stocks have rebounded after three days of declines, while oil extended gains after Saudi export cuts, with Brent rising above $49 and WTI just shy of $47. Asian stocks fell while S&P futures rose 0.2% to 2,473, putting yesterday’s GOOGL drop on plunging Costs-Per-Click […]
Are Potash Stocks Back In Vogue? Potash Corp Still A Darling?
It has been a while since we wrote about agricultural markets, and, specifically, potash stocks. In January, we identified 3 reasons why agricultural commodities could be starting a new bull market in 2017. Probably the most important investing insight from that article was this quote: “It is a typical phenomenon that bull markets are born when there […]
Oil Spikes Again As Saudi Export Curbs, Anadarko Spending Cuts Ignites Momentum
One day after Al–Falih managed to jawbone crude sharply higher by promising cuts to Saudi crude exports next month, oil is on the move again. WTI and Brent both spiked notably this morning as momentum seemed to gather steam: “Shipments from OPEC’s largest producer will be capped at 6.6 million barrels a day on August, 1 […]
