Author Archive: Jeremy Parkinson

SPX Elliott Wave View: Wave 4 Started

SPX Elliott Wave View: Wave 4 Started

Short term Elliott Wave View in SPX suggests that the rally from the 1/23 low is unfolding as a 5 wave Elliott wave impulse structure where Minor wave 1 ended at 2301, Minor wave 2 ended at 2267, and Minor wave 3 ended at 2400.98. Internals of Minor wave 3 shows an extension and subdivided also as an impulse structure where […]
EUR/USD: Weakening Trend Continues

EUR/USD: Weakening Trend Continues

Previous: On Monday, trading on the euro closed down. After an unsuccessful attempt by buyers to take the price above 1.0630, the euro fell against the dollar to 1.0575. A touch of volatility was to be found during the day yesterday as news came in from France. Ex-Prime Minister Alain Juppe ruled out taking part […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, March 7

WTI Crude Oil And Natural Gas Forecast – Tuesday, March 7

WTI Crude Oil The WTI Crude Oil market initially fell on Monday, but found enough support at the 50-day exponential moving average to turn around and form a hammer. The hammer of course is a bullish sign, and the 50-day exponential moving average tends to attract a lot of attention. If we can break above […]
Boeing Obtains $46 Million Contract For Support Services

Boeing Obtains $46 Million Contract For Support Services

This week Boeing (BA) posted news that will help the Aerospace Company net millions in profit. It had stated that it has already received $46 million from the U.S. Air force to perform contract work for Saudi Arabia’s recently purchased F-15SA Eagle fighter bombers. This contract is a good step for Boeing to receive additional revenue in […]
Trump Vs. Yellen: Could This Affect Interest Rate Decisions?

Trump Vs. Yellen: Could This Affect Interest Rate Decisions?

Donald Trump has made a lot of enemies during his short political career, but it’s one rift in particular, which has many investors nervous. On September 26, Trump launched an attack on the Federal Reserve, arguably the most powerful institution in the United States. Trump accused Chairwoman Janet Yellen of “doing political things” in keeping […]
Doves Turn Hawks: 5 Fed-Proof Bond ETFs To Buy

Doves Turn Hawks: 5 Fed-Proof Bond ETFs To Buy

The possibility of a rate hike in the Fed’s March policy meeting increased following comments from a few officials including Dudley, Williams, Kaplan and Harker. If this was not enough, Fed Governor Lael Brainard – who was a strong proponent of easy money policy before – also signaled a sooner-than-expected tightening saying “it will likely […]
Nano Caps Trading Below Intrinsic Value

Nano Caps Trading Below Intrinsic Value

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. The 3 nano cap ideas below share multiple improving value attributes. Specifically, these attributes trade at historical value discounts compared to 2013 to 2015 for… Gross margin %, shares outstanding, total/non current liabilities, […]
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                        Implications Of February ISM Manufacturing PMI Data On U.S Jobs And GDP

E Implications Of February ISM Manufacturing PMI Data On U.S Jobs And GDP

By John Benjamin If investors were looking for another reason to be bullish on the U.S. dollar and the Fed rate hike, then last week’s ISM manufacturing data was another reason. The Institute for Supply Management reported last Wednesday that the headline PMI index rose to the highest levels since August 2014 at 57.7 in […]
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                        EURUSD Intraday View

E EURUSD Intraday View

EUR/USD did not change much since yesterday, so our view remains the same; we see a three wave move in wave 2 which structured a flat correction which suggests a sharp fall in the very near-term. Ideally market will fall strongly as next big leg down can be even wave 3 based on higher time […]
AVEO Pharmaceuticals (AVEO) Q4 Earnings: What’s In Store?

AVEO Pharmaceuticals (AVEO) Q4 Earnings: What’s In Store?

AVEO Pharmaceuticals, Inc. (AVEO – Free Report) is expected to report fourth-quarter 2016 results this month. The company has an impressive track record for the last four reported quarters having beaten estimates on three occasions and meeting expectations in one with an average positive surprise of 17.56%. In the last reported quarter, AVEO posted a positive surprise […]