TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) announced the results of its pharmacokinetic (PK) study for its dry powder inhaler product, APC-5000. The study was a Phase I PK study comparing the bioavailability of Adamis’ APC-5000 Dry Powder Inhaler (DPI) to GlaxoSmithKline’s Advair® Diskus® DPI. This PK study was designed as an open-label, randomized, single-dose, 4 period (2 sequence, 2 treatment, fully replicated) crossover relative bioavailability study comparing APC-5000 (...
The EUR/USD pair fell during most of the session on Tuesday, as the 1.12 level continues to be resistance. Ultimately, I believe that this market should continue to go lower but the fact that we bounced enough to form a bit of a hammer suggests that we may get a little bit of a bounce as follow through. Ultimately though, I believe that any resistive candle above should be a nice selling opportunity. Looking at this chart, I recognize that there is a lot of resistance all the way to the 1.15 level, so therefore any resistive candle above is reason enough for were me to start selling the Euro yet again. With that, I have no scenario in which...
As the competition for a 2016 presidential nomination heats up, the Republican Party will be split on several issues. On foreign policy, the battle between the hawks and libertarian doves will be a critical factor. Then, in terms of monetary policy, one faction is happy with current Fed practices. The other wants radical change, or even an end to the Fed. If a Republican wins the presidency, whichever side gets the nomination will be a key factor in our economic trajectory for the following four years. In fact, depending on the outcome, we could see the Fed eradicated entirely. Where We Are Right Now… Since 2008, the Fed has pursued moneta...
The consumer staple sector experienced a roller coaster ride in 2014. In the beginning, the companies had to bear the effects of a prolonged and severe winter, increasing food costs, a weak consumer spending environment and currency headwinds. However, things began to improve in the second half of the year on the back of a moderate economic recovery, better job prospects, rising wages, improved business and renewed optimism as a result of the housing recovery. With oil and natural gas prices subsiding, consumers are now left with more disposable income. Commodity costs have in many cases stabilized, with some at five year lows. Consumers a...
The US Daily Cash Deficit for Friday 2/27/2015 was $39.4B bringing the February full month cash deficit to $211B, $1B over my initial estimate of a $210B deficit for the month. So hooray for wild ass guesses….even though my last guess was between $200B and $210B. Click on picture to enlarge February went off mostly as expected with a huge deficit thanks primarily to about $119B of individual tax refunds. Revenue ends up +$19B YOY, not too shabby, while outlays were up$4B. Put it all together and we had another OK month. For the year, revenue is up 3.7%, good for the slowest start since 2010 when revenues through February were down 2.7%. Ou...
There’s an excellent post on Keep Talking Greece this evening on the simmering feud between Greek prime minister Alexis Tsipras and Spanish prime minister Minister Mariano Rajoy. Tsipras made a claim that Rajoy’s plan is to “wear down, topple or bring our government to unconditional surrender before our work begins to bear fruit and before the Greek example affects other countries… And mainly before the elections in Spain. … for obvious political reasons“. Spanish foreign minister García Margallo, returned fire with a statement (a lie actually), that “Had Spain not given €32.744 billion to Greece, it cou...
Guest post by Alhambra Investment Partners. It’s Not A Stock Bubble But A Bigger Corporate Bubble With liquidity running somewhat perilously noncommittal since June, you would think the riskiest parts of the credit market would be most affected. That is incorrect and once again stands out as to the bubbly nature of the current age. Aside from liquidity draining enthusiasm into and around October 15 and December 1, high yield debt has not only repriced itself back toward its prior levels but has also seen increasing exuberance in terms of volume. The effects of the October 15 liquidity event remain as a reminder about volatility, but the ...
Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find the stocks with the highest technical buy signals. I then used the Flipchart feature to review the charts.Today’s list includes:Time Warner Cable,Ross Stores,Monster Beverage,Mc Donalds and CBS. Time Warner Cable (TWC) Barchart technical indicators: 100% Barchart technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 6 new highs and up 9.71% in the last month Relative Strength Index 68.09% Barchart computes a technical support level at 152.91 Recently traded at 156.50 with a 50 day moving average of 147.43 Ross Stores ...
Become a Public Policy Thinker in Three Easy Steps by Ajay Shah, ajayshahblog Step 1:What’s the market failure? Each of us tends to get unhappy at some feature of the world or the other. As an example, I don’t like rap music. But value judgements of this nature do not justify the use of State power – either to ban rap music or to encourage classical music. Such coercion by the State is just abuse of power. When should the State intervene? The technically sound answer is: When you are certain there is a market failure, and when you are confident you know how to setup the correct State capacity for the intervention. Market fa...
Gold prices fell $2.56 an ounce on Tuesday, extending the previous day’s losses, as caution set in ahead of important data releases. The XAU/USD pair dipped to a low of 1195.27 before bouncing back to the 1206 level. Although gold prices dropped two days in a row, we are still trapped within the trading range of 1222 and 1197. The U.S. dollar’s strength against other currencies is pressuring gold prices but rebound off the $1197 support level suggests that buying interest continues to emerge on dips. Technically, the odds favor further downside as long as the XAU/USD pair remains below the cloud on the daily time frame. Bearish T...