Author Archive: Jeremy Parkinson

March 11, 2016: ECRI’s WLI Growth Index Improves But Still Negative

March 11, 2016: ECRI’s WLI Growth Index Improves But Still Negative

ECRI’s WLI Growth Index which forecasts economic growth six months forward – continued in negative territory. This index now spent 32 consecutive weeks in negative territory. ECRI also released their coincident and lagging indices this week and are shown below. Current ECRI WLI Level and Growth Index: Here is this week’s update on ECRI’s Weekly […]
Mother Russia!

Mother Russia!

While most are watching U.S. equities rip higher, we’re continuing to see strength from emerging markets. Previously, we highlighted the breakout taking place in Brazil. Up 13% since we released that research, Brazil hasn’t disappointed. Though nothing is guaranteed, and price knows more than we do, we are seeing a similar development out of Russia. Using […]
Dividend ETF Hits New 52-Week High

Dividend ETF Hits New 52-Week High

For investors seeking momentum, ProShares S&P 500 Aristocrats ETF (NOBL – ETF report) is probably on their radar now. The fund just hit a 52-week high, and is up about 41% from its 52-week low price of $36.98/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook […]
Precious Metals Ignore Correction Calls

Precious Metals Ignore Correction Calls

Gold and gold stocks have refused to correct for more than a few days at a time. Weakness is being bought and quickly. Gold has gained over $200/oz but not corrected by more than 6%. The miners (GDX) have endured three roughly 10% corrections in the past six weeks but nothing greater. A few weeks […]
Huge Repo Warning

Huge Repo Warning

In the summer of 2014, repo fails suddenly surged out of nowhere. Between the events of the violent taper selloff in June 2013 and the first half of 2014, fails had been particularly calm if somewhat gently rising as the trend had it dating back to the QE’s. It had become common to find total […]
Gold Daily And Silver Weekly Charts – Shenanigans For Option Expiration, Silver Cup And Handle

Gold Daily And Silver Weekly Charts – Shenanigans For Option Expiration, Silver Cup And Handle

“Let us take things as we find them: let us not attempt to distort them into what they are not.  True philosophy deals with facts.  We cannot make facts.  All our wishing cannot change them.  We must use them… Let us attempt to understand it.  Let us not disguise it, or explain it away.  It […]
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                        The Daily Shot And Data – March 18, 2016

E The Daily Shot And Data – March 18, 2016

The US dollar has experienced 2 consecutive days of 1% declines – something we haven’t seen in years. The declining dollar now drives risk assets such as equities, commodities and emerging market currencies and is in effect a form of monetary easing. Source: Investing.com Dollar-yen dipped below 111, a support level the currency pair is […]
5 Momentum Stocks That Rallied Over 10% In The Past Month

5 Momentum Stocks That Rallied Over 10% In The Past Month

Major benchmarks posted significant gains over the past one month led by bullish factors like a strong rally in crude and encouraging economic data. Coming to figures, the Dow, S&P 500 and tech-laden Nasdaq Composite Index gained a respective 6.5%, 6.4% and 6.4%.      Moreover, the Dow moved north for the fifth straight session […]
Market Talk – March 18, 2016

Market Talk – March 18, 2016

The strong Yen continues to weigh on the Nikkei even though other core Asian Indices performed. Minutes from the Jan BOJ meeting were released which showed that additional stimulus were discussed, including the possible expansion of QE. However, having opened unchanged and after a long week the Nikkei closed down -1.25% on the day and 2.5% lower […]
Economics Can’t Be Tested In A Vacuum

Economics Can’t Be Tested In A Vacuum

The economy is one of the most complex systems that exists in the world. Perhaps even the most complex system. I like to think of the monetary system like a car. There are very specific institutional structures that act as certain parts of this system and in a vacuum that car or system will do […]