Author Archive: Jeremy Parkinson
NEO Could Bottom Out During Upcoming April European Tour
NEO, was once again the winner of the top 10 cryptocurrencies, even though it erased most of its earlier gains by the end of Monday’s trading day. Also known as Ethereum of China, NEO aims to contribute to a smart economy. They are looking to not only use the blockchain for fast transactions but also […]
Palatin Technologies – Chart Of The Day
The Chart of the Day belongs to Palatin Technologies (PTN). I found the biomedical stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 2/14 the stock […]
Yamada: Dow Forming Bearish Technical Pattern
Famed technician Louise Yamada at LY Advisors warns that investors have been selling the rallies since the January peak, leading to a descending triangle formation on the chart, which is typically a bearish sign. Here’s some of what she told Financial Sense Newshour listeners on Saturday’s podcast regarding her technical outlook… Rallies Show Weakness Since […]
Fake Spring? Cold Keeps Heating Demand Around Through April
May natural gas prices settled down just a few ticks on the day as heavy selling early was met with buying off the $2.65 support level. Prices recovered the most at the front of the strip, with later contracts generally lagging. The result was a rather significant move upwards in K/M today, indicative of the […]
Xi Jinping’s Speech In Focus; L&T, ICICI Bank Among Top Stocks In Action Today
Indian stock markets ended higher on Monday taking cues from their Asian counterparts. The S&P BSE Sensex ended at 33,788, up 162 points while the broader Nifty 50 index settled at 10,379, up 48 points. Among sectoral indices, the Nifty FMCG index ended 1.2% up led by a rise in the shares of Marico and […]
US Futures Spike As Xi Pushes Globalization Agenda, Vows To Open China To The World
It seems the machines never sleep. Before China’s Xi had even uttered a word – in war or peace – Nasdaq futures were ramping up 1% from the cash close and the S&P and Dow following… And once it was clear that Xi was not going to drop another trade war tape bomb, futures extended […]
Analysis: Why Alibaba Gave Up On China’s Huge Uber/Yelp/Groupon/GrubHub-Like Start-Up
A Mandarin language analysis of Alibaba’s decision to sell its stake in the hugely popular Chinese start-up Meituan states that Meituan was beginning to compete with Alibaba, creating a “shaky” situation. Moreover, Meituan refused to utilize Alibaba’s payment unit, Alipay, hurting Alipay and “clearly annoying” Alibaba CEO Jack Ma in the process, the article asserted. Alibaba sold its 7% stake in Meituan […]
Deutsche Bank Replaces Another CEO; Or, Bubbles And Money
Another global bank CEO is given his walking papers. John Cryan’s tenure at Deutsche Bank was unsurprisingly brief. He began it by being realistic. Upon being hired for the top job, Cryan predicted his stay there would, “[depend] on how well we deliver on strategy, impress clients and reduce complexity.” It’s that last one nobody […]
Q1 Earnings Preview: Blockbuster Priced In; But Risk Of Disappointment Has Never Been Greater
During the past month of surging market volatility and spectacular, confidence-sapping rollercoaster moves in the S&P, the one backstop bullish market commentators have used time and again is that Q1 earnings season will be spectacular, an offset to all other bad news. And, indeed, thanks to the passage of Trump’s corporate tax cuts in late […]
