Author Archive: Jeremy Parkinson
Commodities Weekly Wrap-Up – Friday, Dec. 1
With metals up and down, it can be easy to think that the market won’t rise. However, Eric Sprott talks gold and silver, the COMEX, and the potential for a rally in 2018. The global precious metals demand is through the roof, Eric says. “There’s a serious misallocation of physical gold and silver,” he says. […]
Energy Led The Way, While The Recent Market Leader, Financials, Cooled Off Some
My Swing Trading Approach I’m not opposed to adding more long positions to the portfolio, but I’m not going to force anything. Should the early morning weakness persist, I’ll stand aside. Indicators VIX – VIX rose 5.4% yesterday, despite super bullish price behavior from the market. T2108 (% of stocks trading below their 40-day moving average): The […]
Billion Dollar Unicorns: New Relic At A 52-Week High
According to Gartner, the Application Performance Management market grew 13% to $2.93 billion in 2016. With enterprise businesses continuing to rapidly adopt cloud technologies, the APM market is expected to reach $5.6 billion by 2020. The market is led by Dynatrace with 14.2% share followed by IBM with 8% share and New Relic (NYSE: NEWR) with […]
Crestmont Market Valuation Update – Friday, Dec. 1
Quick take: Based on the November S&P 500 average of daily closes, the Crestmont P/E is 122% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade monthly metric. The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
US Dollar Starts December On Shaky Footing
Video Length: 00:07:35 The past 24-hours haven’t been kind to the US Dollar, setting up a shaky start to the final month of 2017. The influences are two-fold, given that the Federal Reserve has been removed as a near-term influence on price action: after all, Fed funds are pricing in a 100% chance of a […]
Zumiez (ZUMZ) Matches Q3 Earnings Estimates, Shares Sink
Zumiez Inc. (ZUMZ – Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and was down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released. Matched earnings estimates. The company posted earnings of […]
Tech Bulls Biting Nails At This Price Point, Says Joe Friday
First Fact….The Nasdaq tech train trend is up and has NOT derailed at this time, nor has it slowed down! Below looks at the Nasdaq Composite index over the past 20-years: As mentioned above, the trend in the Tech remains higher and it remains above long-term moving averages. This chart highlights a test of a […]
Futures Surge As Johnson, Daines Greenlight Tax Bill
After a planned series of votes on the Trump tax plan were called off last night, GOP senators were scrambling to assuage the concerns of Republican holdouts who suddenly decided that the tax bill would blow out the deficit after one proposal – a so-called “trigger” that would automatically raise taxes if revenue targets aren’t […]
3 Global Markets That Could Indicate An Interim Correction
Here are a few global ETFs with little room to drop in order to avoid daily chart technical breakdowns. That does not mean the end of the larger up trends, but could signal oncoming intermediate corrections if they do fall further and close the week that way (pre-market is red). The question would be, are […]
Is Marvin Goodfriend The Worst Fed Nominee Of All Time?
Yesterday Donald Trump nominated Marvin Goodfriend to the Federal Reserve Board of Governors, one of the numerous vacancies that have emerged over the course of the past year. While his prior nominations of Jay Powell as Chairman and Randal Quarles as Vice Chair represented a disappointing commitment to the status quo, his selection of Goodfriend is a […]
