Author Archive: Jeremy Parkinson
Bitcoin Technical Analysis: Big Bear Move
Will Bitcoin drop to the potential that the pattern suggests? Is it a buying opportunity? Video Length: 00:11:44
Parabolic Moves Don’t End By Going Sideways
Since coming back from New Year’s vacation, the US stock market has become a gong show. The mad rush into stocks has more resemblance to a cafeteria food fight than a regular functioning market. Strategists are falling all over themselves with exuberance. Ralph Acampora, the “Godfather of technical analysis” is so bullish he needs to […]
5 Construction Stocks Set To Carve A Beat In Q4 Earnings
The upcoming construction sector earnings results are expected to benefit from economic growth, the labor market, higher demand, tighter inventories and rising home prices. These positive factors are reflected in the improving estimates picture for the sector ahead of the major earnings releases starting next week. After the solid 3.1% economic growth in the […]
My 5 Favorite Mid Cap Stocks – Tuesday, Jan 16
Today, I wanted to find 5 Mid Cap stocks that had great returns over the past year and still seem to have some juice left. Today’s watch-list includes: Scientific Games, IPG Photonics, KB Homes, First Solar and NVR Inc. Scientific Games (SGMS) Barchart technical indicators: 169.07+ Weighted Alpha 100% technical buy signals Trend Spotter buy signal Above its […]
Crypto-Currencies Crash Bringing Related Companies Down With Them
Shares of cryptocurrencies like Ripple, Ethereum and the granddaddy of all, Bitcoin are falling today, bringing the shares of related publicly-traded companies down with them. BANK HALTS WIRE TRANSFERS: Over this past weekend, Fortune reported that Metropolitan Bank Holding Corp, which had facilitated the operations of cryptocurrency companies and investment firms, halted all “all cryptocurrency-related […]
E Day After Martin Luther King
After Martin Luther King day there is a lot of catching up to do, because world markets were open yesterday. News and guidance did not halt because of the holiday. Today bitcoin lost about 20% of its value with other crypto-currencies also down. Meanwhile the US dollar picked itself up from a 3 year low […]
So That’s What Volatility Looks Like
2017 was literally the smoothest stretch of highway that US stocks have ever traveled. Rising almost every day and seldom falling hard, they made it virtually impossible for investors to lose money. Here’s the Dow Jones Industrial Average over the past two years. Note how unnaturally smooth the recent action was. As a result, measures […]
Bitcoin And Stock Prices, Both Symptoms Of Speculative Extremes
I had another look at bitcoin today. The low of the day hit 11121 so far, so the price has collapsed 43% since the 17th of December. That’s a hell of a decline for the so-called ‘asset’ that was on its way to the moon! And all those folks who bought into the sure thing […]
Indecision Doji Candles On Both ES & NQ
As you would expect the ES e-mini too has followed a similar path today in terms of both price action and volume with the daily chart closing on a long leg doji candle of indecision, coupled with high volume. Whilst this is not indicative of a imminent climatic reversal, like the YM signals a significant […]
