Author Archive: Jeremy Parkinson
Kansas City Fed Survey: Activity Strengthened In January
The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New Mexico. Quarterly data for this indicator dates back to 1995, but monthly data is only available from 2001. New seasonal adjustment factors were introduced in January 2017 and slight revisions […]
Sangamo Therapeutics – Chart Of The Day
The Chart of the Day belongs to Sangamo Therapeutics (SGMO). I found the biotechnology stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 11/17 the stock gained 42.22%. Sangamo Therapeutics, […]
Could The Next Financial Crisis Arise From Europe… Not From The USA?
We are so accustomed to financial crises being born in the United States and spreading out to the rest of the world that we can’t envision any other development. But we should get rid of this mental mindset, even if history supports it: from the 1929 Crisis to the 2000 Internet Bubble to the sub-primes […]
EUR/USD Currency Battle
The following monthly chart of EUR/USD shows that the Euro has risen to a resistance level (1.2500) at the upper edge of a downtrending channel that began during the 2007/08 financial crisis. Its next resistance sits at 1.3055, a major Fibonacci resistance level taken from the 2000 lows to the peak prior to to the financial crisis. Fibonacci support sits below at 1.2134. […]
New Home Sales Decline 9.3% In Report Bloomberg Calls “Solid”
Analysis from Bloomberg Econoday is often laughable. Today is another case in point. New home sales decline 9.3% in December and there were significant negative revisions in both October and November. Yet, Econoday labeled the report “solid”. The headline 9.3 percent decline in new home sales for December masks what is actually a solid new home sales […]
Euphoria Continues As Investors Beg For A Correction
Stock Market Still Overheated There have been many odd records this year which you normally don’t hear about. That’s what happens when the S&P 500 hits a new record almost every day. I’m not exaggerating with that statement. As you can see from the chart below, the S&P 500 hit a new high in 12 […]
4 Best-Ranked Liquid Stocks For Impressive Returns
Liquidity is an important yardstick that indicates a company’s capability to meet debt obligations by converting assets into cash. Investors seeking solid returns may invest in companies that boast a favorable liquidity position. However, one should be cautious before investing in liquid stocks. While a high liquidity level may mean that the company is meeting […]
Introducing The New Normal
I wanted to use one stock – – Marriott – – to illustrate how the market has gone utterly and totally into la-la land. In the circle area, you see a normal market. It has ups and downs. It has volatility. It is dynamic and provides opportunities in both directions. For the past year, however, a lot of stocks look […]
Dick’s Sporting Dips Despite Fifth Upgrade This Month
This morning, Telsey Advisory analyst Joseph Feldman upgraded Dick’s Sporting Goods (DKS) to Outperform as he expects industry pressures will stabilize. Since the beginning of the month, four other Wall Street analysts have upgraded the stock to buy-equivalent ratings, citing better sector trends and benefits from new U.S. tax reforms. BUY DICK’S SPORTING: In a […]
The Fantastic Four That Make FANG Look Tame
The FANG stocks (Facebook, Amazon, Netflix, and Google, now known as Alphabet) have become the face of the current bull market in equities. But there is another fantastic foursome, typically the province of far less intrepid investors, that has outperformed even this notable group over the past two years and more accurately epitomizes what has […]
