Author Archive: Jeremy Parkinson
FDA Approves J&J, Glaxo HIV Drug, Roche Presents Data
Pipeline and regulatory updates were the focus this week with the FDA approving the first two-drug HIV treatment in the United States and the European Commission (“EC”) granting approval to Johnson & Johnson’s (JNJ – Free Report) Tremfya and expanding the label of Novartis’s (NVS – Free Report) Tasigna. Recap of the Week’s Most Important Stories J&J, Glaxo HIV […]
Golden Entertainment – Chart Of The Day
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. Barchart technical indicators: 196.96% Weighted Alpha 96% technical buy signals Trend Spotter buy signal Above its 20, 50 […]
Ethereum Surges To New Record Highs – Bigger Than Capital One, ICE, & Ebay
Following its big surge on Thursday, Ethereum has broken through the psychologically important threshold of $400, establishing a new all-time high – currently hovering above $450. image courtesy of CoinTelegraph image courtesy of CoinTelegraph, despite some market stagnation caused by the news of the $280 mln Parity wallet hack in early November, the second-most-popular cryptocurrency looks stronger than ever, now […]
Famous Traders: Richard Dennis – “The Prince Of The Pit”
The Prince of the Pit In the world of financial markets trading, Richard Dennis is a legendary figure. Not only did he achieve huge success as a commodities trader, earning the moniker “Prince of the Pit”, he also went on to launch the famous “Turtle Traders Group”. Dennis’ story is the type of inspirational […]
Healthcare Is Making A Legitimate Recovery
My Swing Trading Approach I may add a new swing-trade to the portfolio today, but likely will stay put on a shortened, light volume trading session. Indicators VIX – 4-day sell off stopped with a small bounce back up to 9.88. A total move of 1.5%. T2108 (% of stocks trading below their 40-day moving average): Up […]
“Black Friday” Turns Into “Strike Friday” For Amazon Workers In Italy, Germany
On one of the busiest shopping days of the year, the biggest online retailer is facing an employee crisis. Hundreds of Amazon workers in Italy and Germany went on strike on Friday, demanding better wages. kirstyfields / Pixabay “Strike Friday” for Amazon workers in Germany and Italy On Black Friday, Amazon workers in distribution centers in Germany and […]
Biotech Poised For Growth: 3 Healthy Fund Choices
On Nov 14, major biotech players plummeted more than 5% on average. This pushed the sector to its lowest level in the recent past. Following this decline, iShares Nasdaq Biotechnology ETF (IBB) and SPDR S&P Biotech ETF (XBI) tanked 11.5% in intraday trade, the sharpest fall since October. However, this decline is momentary as investors […]
Teva In ‘Survival Mode At This Point,’ Says Wells Fargo
Wells Fargo analyst David Maris says Teva (TEVA) is “in survival mode at this point” following reports that the company will soon announce a 20% workforce reduction. Given its “tough” debt position, Teva’s nearly 5% share rally in Israel is not surprising, as it encourages some investors that the company will not face a restructuring, […]
PMI “Broadly Consistent With GDP Growth At Just Over 2%”
Markit’s Chief Economist says the Nov. PMI reading puts the economy on course for “reasonable, not stellar” GDP Growth. Business growth eases slightly in November according to Markit’s Flash Composite PMI reading of 54.6. The composite PMI is a blend of manufacturing and services. Flash means it”s a preliminary estimate. The latest reading is signals the lowest […]
EURUSD Daily Analysis – Friday, Nov. 24
EURUSD is facing 1.1879 resistance. A breakout of this level could signal resumption of the uptrend from 1.1554, then next target would be at 1.2000, followed by 1.2092 (Sep 8 high). Near-term support levels are at 1.1770 and 1.1712. Below these levels could trigger further decline towards 1.1554. Breakthrough here will indicate that the downtrend […]
