Author Archive: Jeremy Parkinson
Wall Street Price Targets
While researching a company today, I bumped into a chart that included the stock price and the average Wall Street price target (chart below). It provided me with a good early morning chuckle. I’m sure most of you have seen similar charts and have noticed the same thing. Specifically, Wall Street price targets are often […]
Payment Data Systems Announces Intent To Acquire Singular Payments, LLC
SAN ANTONIO, March 13, 2017 (GLOBE NEWSWIRE) — Payment Data Systems (Nasdaq:PYDS), an integrated electronic payment solutions provider, today announced that it has entered into a non-binding Letter of Intent to acquire Singular Payments, LLC (“Singular”). Singular Payments is a Fintech payments provider that relies upon innovative technology to process payments for merchants in healthcare and other […]
Investor Optimism Toward Washington’s Problem-Solving Abilities Is Misplaced
The bullion markets offer their own commentary about conservatives’ state of mind since Donald Trump’s election. They are optimistic for the first time in years. Just look at the sales statistics from the U.S. Mint. Bullion coin sales have fallen sharply as investors see less reason to seek safe haven in the form of physical […]
GBP/USD Bottom To 1.24?
Sterling enjoyed its strongest one-day rise versus the U.S. dollar in more than 2 weeks. According to an article in the Independent newspaper and a spokesman for U.K. Prime Minister Theresa May, Article 50 will not be triggered this week. In today’s vote, the House of Lords overwhelming opted to overturn the amendments to the […]
Sector Strength – Monday, March 13
What is this spreadsheet telling us? Among the major indexes, the large cap SPY has gained ground on the small caps, and that is often a sign of a weakening medium-term trend. It was just a couple weeks ago that IWM was the leader. Plus, these indexes are all skewed far right, and that usually […]
3 Small Stocks Making Big Moves (Up & Down) Today
Written by Sean Mason Here’s some small stocks making big moves today, Monday, March 13, 2017 – and the reasons why. 1. The stock of DiaMedica Therapeutics Inc., (TSXV: DMA; OTCQB: DMCAF), a clinical stage biopharmaceutical company developing synthetic protein treatments for neurological and kidney diseases, has jumped 26% so far today (2:30PM) to $0.27 after announcing what […]
How Will The Coming Fed Rate Hike Affect The Stock Market?
In December 2016, the Federal Reserve raised its Fed funds target interest rate for only the second time in over 10 years, the first time being in December 2015. Now a possible Fed rate hike this week (March 14/15) is currently priced in by traders as a virtual certainty, via the CME Group FedWatch tool. […]
Robots Are Just A Catalyst Shifting To New Paradigm
The news, even the ‘fake news’ and ‘alternative news’ has been reduced to the bottom of the Maslow pyramid, personalizing things while dismantling the small amount of journalistic integrity that existed. The only next lower step is name calling “you are stupid-head, poopy face” or throwing food. Liberals are angry that Trump won, Trump supporters […]
Market Talk- March 13th, 2017
Core Asian markets performed well today on what has potential to be an extremely volatile week. The Nikkei bounced from early weakness but was more playing off-set from currency moves. The mood did not start so well for Japan after January Machinery Orders came in way below estimate (-3.2% against forecasts of +0.5%). This obviously […]
Elliott Wave Target: 2,700 SPX
Looking at the bull market advance since 2009, we can see at least two options for counting. The options are that wave 3 ended in May’15 (blue) or wave 3 is ongoing (green). The late 2015 decline certainly looks like a potential wave 4 except that the high earlier in May that year came with […]
