Monday, February 23, 2015
Ross Clark – Equity Markets. Greece. Ross Kay – Real Estate Bubble in Canada? February 21, 2015
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Commercial Traders Are The Most Long 30Y Treasuries In A Year
Via Gavekal Capital blog,
Over the last five years the signal given by investor positioning in options and futures contracts on the 30-year treasury bond has proven prescient. Each time commercial traders have moved to a long position in the long bond rates have been near a peak. Over the last few weeks the commercials have shifted their positioning dramatically, moving from one of the largest short positions to a net long position for the first time in almost a year.
If history is a guide then we may be near an intermediate term peak in rates.
Zero Hedge
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Over the last five years the signal given by investor positioning in options and futures contracts on the 30-year treasury bond has proven prescient. Each time commercial traders have moved to a long position in the long bond rates have been near a peak. Over the last few weeks the commercials have shifted their positioning dramatically, moving from one of the largest short positions to a net long position for the first time in almost a year.
If history is a guide then we may be near an intermediate term peak in rates.
Zero Hedge
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PAREXEL International Corporation (NASDAQ: PRXL)
PAREXEL International Corporation, a biopharmaceutical
outsourcing services company, provides clinical research, clinical
logistics, medical communications, consulting, commercialization, and
advanced technology products and services for pharmaceutical,
biotechnology, and medical device industries worldwide. The company
operates in three segments: Clinical Research Services (CRS), PAREXEL
Consulting Services (PC), and PAREXEL Informatics (PI).
Take a look at the 1-year chart of PAREXEL (Nasdaq: PRXL) below with added notations:
PRXL was on a steady trend higher from April up until its $64, September high. After that, the stock has hit that same $64 (blue) mark several times only to end up eventually pulling back down. If PRXL can finally break through that $64 resistance the stock should be headed higher. A close above that resistance would also constitute a new 52-week high.
The Tale of the Tape: PRXL has a 52-week resistance at $64. The possible long position on the stock would be on a breakout above that level with a stop placed under it.
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Take a look at the 1-year chart of PAREXEL (Nasdaq: PRXL) below with added notations:
PRXL was on a steady trend higher from April up until its $64, September high. After that, the stock has hit that same $64 (blue) mark several times only to end up eventually pulling back down. If PRXL can finally break through that $64 resistance the stock should be headed higher. A close above that resistance would also constitute a new 52-week high.
The Tale of the Tape: PRXL has a 52-week resistance at $64. The possible long position on the stock would be on a breakout above that level with a stop placed under it.
Google (Nasdaq: GOOG) The Only Tech Stock You’ll Ever Need
While a diversified collection of companies is in your best interest as a long-term investor, what we really want are the “silver bullets” that can beat the broader market on a consistent basis. (more)
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US Weekly Economic Calendar
| time (et) | report | period | ACTUAL | CONSENSUS forecast |
previous |
|---|---|---|---|---|---|
| MONDAY, FEB. 23 | |||||
| 8:30 am | Chicago Fed national activity index | Jan. | -- | 0.39 (3-month) | |
| 10 am | Existing home sales | Jan. | 4.95 mln | 5.04 mln | |
| TUESDAY, FEB. 24 | |||||
| 9 am | Case-Shiller home price index | Dec. | -- | 4.7% y-o-y | |
| 10 am | Consumer confidence index | Feb. | 99.0 | 102.9 | |
| 10 am | Janet Yellen testimony at Senate | ||||
| WEDNESDAY, FEB. 25 | |||||
| 10 am | New home sales | Jan. | 465,000 | 481,000 | |
| 10 am | Janet Yellen testimony at House | ||||
| THURSDAY, FEB. 26 | |||||
| 8:30 am | Weekly jobless claims | Feb. 19 | 295,000 | 283,000 | |
| 8:30 am | Consumer price index | Jan. | -0.7% | -0.3% | |
| 8:30 am | Core CPI | Jan. | 0.1% | 0.1% | |
| 8:30 am | Durable goods orders | Jan. | 0.5% | -3.3% | |
| 9 am | FHFA home price index | Dec. | -- | 5.3% y-o-y | |
| FRIDAY, FEB. 27 | |||||
| 8:30 am | GDP revision | 4Q | 2.0% | 2.6% | |
| 9:45 am | Chicago PMI | Feb. | -- | 59.4 | |
| 9:55 am | Consumer sentiment | Feb. | 93.8 | 93.6 | |
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