Author Archive: Jeremy Parkinson
Valero Refines And Markets Oil, Gas, & Ethanol
Today I’m reviewing a large-cap oil & gas refining & marketing firm by the name of Valero Energy Corporation. Its trading ticker symbol is VLO. Valero Energy Corp, as a petroleum refining and marketing company, produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as a spate of premium […]
Twitter Has More Downside Ahead
Even after a sickening 20% drop in Twitter stock on Friday ( July 27), TWTR still looks significantly overvalued particularly when you look at the causation for the drop and then compare TWTR to other social media plays that have higher growth rates, more products and diversification and therefore less risk. A sharp decline in user […]
USDCAD Daily Analysis – Friday, August 10
USDCAD is now in the downtrend from 1.3119. Further decline could be expected and a breakdown below 1.2961 support could take the price into 1.2850 zone. Resistance is at 1.3119, only a break of this level could bring the price back towards 1.3200.
New SEC Commissioner Dissents On A Bitcoin ETF
The U.S. Securities and Exchange Commission recently (on July 26) disapproved of proposed rules changes that would have greenlit listing of the Winklevoss Bitcoin Trust on the Bats BZX Exchange. In essence, the SEC has now rejected the listing of a Bitcoin exchange-traded product (ETP) on a national exchange. The question before the SEC, in its own […]
Indian Indices Trade Marginally Lower; Precious Metal Stocks Witness Selling
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the metal sector and power sector witnessing maximum selling pressure. The BSE Sensex is trading down by 104 points (down 0.3%), while the NSE Nifty is trading down by 27 points (down 0.2%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small […]
Biotech Snapshot During A Rally Day: No Summer Doldrums…
Biotech stocks were mixed trading closer to the flatline after the close on light summer volume. Macro issues such as drug pricing, trade and the Fed remain a concern. Well known gene editing stocks (CRSP, EDIT, NTLA) are volatile and near a 30 day bottom. EDIT trails others down 16.5% YTD, NTLA up 27.8% YTD, CRSP up 90.5% YTD. We have traded […]
Chart: Policy Uncertainty Surges In China
Every now and then you come across a chart that makes you do a double take, and I think this is one of those. It shows the “Economic Policy Uncertainty Index” for China, and in case you need a hint – the indicator shows a spike in policy uncertainty in China. Basically, you have a […]
Municipal Bonds For The Retail Investor
A municipal bond (muni), is a debt security issued by a state, municipality, county or municipal entity to finance its capital expenditures (including construction projects) or for general financing of that municipality. The size and scope of this market is impressive. There are over 50,000 different issuers of municipal bonds, resulting in over 1 million different issues […]
Bitcoin Daily Forecast – Friday, August 10
BTC/USD The Bitcoin markets rallied a bit during the trading session on Thursday but did not overtake the selloff from the previous session on Wednesday. The $6000 level continues to be very supportive, which is where the buyers have drawn a line in the sand. However, we have continued to make lower lows, which of […]
Tesla Trendline
With all the madness circling Tesla these days, I thought we’d take a look at the chart of the company’s stock. In particular, take note of that green trendline, which had been inviolate for years. It was challenged at times (see arrow), but it was only recent broken to the downside. Looking closer, you can see […]
