Author Archive: Jeremy Parkinson
Gold Price Is Already Down, But Just Wait For Miners’ Reaction
With gold futures down $50+, it’s difficult not to get into the full “told’ya” mode in today’s analysis.And I won’t, but what we see today does indeed indicate that the double-top pattern worked once again – just as it did in 2011, 2016, and 2020. Based on those years, we might still see some back-and-forth […]
Expect Continued Chop And Vol In Equities
Image Source: Pexels In this week’s Dirty Dozen [CHART PACK] we argue why we should expect continued chop and vol in equities. We then look at USD trades, a correction coming in PMs, and a long natural gas setup. 1. The Qs closed below their 1 ½ month sideways range. And like we said last week, it’s a good […]
Meta Platforms ETFs To Buy Ahead Of Q1 Earnings
Image Source: Pixabay Social media giant Meta Platforms (META – Free Report) is set to release first-quarter fiscal 2024 results on Apr 24 after market close.The stock has jumped 22% over the past three months and has outperformed the industry’s decline of 7.8%. The outperformance might continue as Meta Platforms has a strong chance of beating estimates on […]
Sweet Nektar?
Image Source: Unsplash The biopharmaceutical company Nektar (symbol NKTR) has finished was appears to be a well-formed bullish base. NKTR has had a terrible time of it for years, but maybe it’s finally ready to turn around. More By This Author:Not So Super A Way-Too-Easy Bounce Another Lower High?
Softs Report – Monday, April 22
Image Source: Pixabay COTTON General Comments: Cotton was lower last week on weaker demand ideas. The export sales report showed poor sales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. Trends are still down on the daily and weekly charts. […]
Tesla, Meta, Microsoft Set To Report Earnings This Week
Image courtesy of 123rf.com Tesla (Nasdaq: TSLA), Meta (Nasdaq: META), and Microsoft (Nasdaq: MSFT) are set to report quarterly earnings this week, with investors eagerly awaiting insights into their financial performance and strategic initiatives. As these tech giants navigate evolving market dynamics, regulatory changes, and intensifying competition, their earnings reports will provide crucial indicators of their resilience […]
5 U.S. Penny Stocks To Buy Now For Short-Term Gains
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: Pexels Penny stocks are among the most popular assets among day traders because of their substantially lower prices compared to big companies like Berkshire Hathaway and Amazon. They are also high-risk investments, as […]
Solana’s Market Value Plummets 31.96% In April
Image Source: Pexels April has been a tumultuous month for Solana, a blockchain platform known for its high-speed transactions and scalability. After reaching a peak of over $200 in March, Solana has seen a drastic downturn in its market value, largely attributed to network congestion and internal disputes. A public disagreement between two prominent Solana-based projects has […]
Is A 500% Rally In Interest Rates Enough, Or Will Rates Continue Higher?
Image Source: Unsplash US Treasury bond yields have been moving higher for the past 4 years.Furthermore, the rally marks the largest 200-week rally in 10-year yield history. Wow!So today, we ask, are yields tired after this big run-up? Is it time for a pullback?Today’s chart highlights the 564% rally over the past 200 weeks. Incredible.So it seems likely […]
XRP Price Typically Explodes During This Time Frame After Bitcoin Halving
Image Source: Unsplash The much-anticipated Bitcoin halving took off on Friday, April 19, 2024, a little after 8:09 p.m. (UTC). ViaBTC mined the 840,000th block on the Bitcoin network to reduce the rate of Bitcoin created every 10 minutes to 3.125. Prior to the event, market analysts and commentators discussed the price impact of the previous halvings with Digital […]
