Author Archive: Jeremy Parkinson
Dow Surges Over 500 Points For Record Close
The Dow and S&P 500 broke records once again today, with the former settling above 42,000 for the first time with a 522-point pop, while the latter conquered the 5,700 level. The Nasdaq scored an impressive 460-point gain of its own, closing at its highest level since July as tech stocks rallied. Today’s gains came after the initial shock around […]
Tesla Gap Nearly Sealed
Image Source: Pexels Just last month, Tesla (TSLA) was a $182 stock. Since then, it has resolutely climbed. Along the way, I’ve been emphasizing the price target at just above $245, where that major price gap is.I’ve had a vested interest in this, since one of my kids had a bunch of options (which expire TODAY!) whose exit I was seeking […]
Best And Worst Performers Since 8/5
The large-cap S&P 500 and Russell 1,000 are both now up more than 10% since the summer low made on August 5th. They’re also trading back to new all-time highs today. Within the Russell 1,000, the average stock in the index is up 10% as well, meaning breadth has been strong.This is different from what […]
Tata Steel – Elliott Wave Technical Analysis
TATA STEEL – TATASTEEL (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Minor degree, Grey) Mode: Corrective Structure: Impulse within Larger degree Zigzag Position: Minor Wave 2 Grey Details: Major top might be in place at 185 mark. Further the stock has dropped as an impulse to 142, terminating potential Minor Wave 1 Grey. Wave 2 Grey also could be […]
BCE Is Dead To Me – August Dividend Income Report
Image Source: Pixabay In 2016, I made a life-changing decision: I took a sabbatical, put my family in a small RV, and drove to Costa Rica.Upon my return in 2017, I officially quit my job as a private banker at National Bank and started working full-time on my baby: Dividend Stocks Rock. I also decided to manage […]
Plug Power Unveils Leasing Platform: Innovation Or Desperation?
Image Source: Unsplash Plug Power’s stock surged during today’s trading after the company unveiled an equipment leasing platform aimed at boosting its capital by leveraging its assets.The platform is designed to enable customers to finance the equipment they purchase from Plug Power Inc. (Nasdaq: PLUG), indirectly driving up the company’s sales.The firm has already secured around […]
The Fed Hits The Panic Button
Image Source: Pexels The Fed is desperate for you to think that “this time is different”. Unfortunately, Powell can’t seem to come up with explanation of why that is the case.Video Length: 00:03:52More By This Author:Rising Prices Are Caused by Monetary Inflation, Not GreedPowell: More Easy Money Is Coming SoonFederal Jobs Report Slices Total Jobs In […]
The Fed Cuts Rates
Image source: Wikipedia Alhambra CEO Joe Calhoun reacts to the Federal Reserve 50 basis point cut.Video Length: 00:06:49More By This Author:Is The Dollar Strong Or Weak? Leading Economic Indicators Not WorkingPredicting The Federal Reserve
Visualizing Gold Consumption Vs. Domestic Supply
While India and China dominate the demand for gold, both countries face different scenarios when comparing supply gaps.With its huge jewelry industry, India’s consumption is 50 times higher than its domestic supply. Meanwhile, China produces more than one-third of the gold it demands.This graphic compares gold demand (in tonnes) versus domestic gold production in 10 […]
Super Micro Computer: Down Like The Hindenburg
Image Source: Unsplash Super Micro Computer (SMCI), a leading provider of AI servers, saw its stock price plummet by over 30% following the release of a short-seller report from Hindenburg Research on August 27. The report alleges that SMCI has been misrepresenting its sales on financial statements and engaging in other nefarious activities. Compounding these concerns, […]
