From the Desk of Kimmy Sokoloff
It’s been a long week, and a complete chop-fest at that.
We’ll see if $AAPL has saved the day.
They had no growth, from what the news says.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s been a long week, and a complete chop-fest at that.
We’ll see if $AAPL has saved the day.
They had no growth, from what the news says.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Fed Chair Jerome Powell has spoken…
And not much has changed. Rates churn sideways as bonds carve out tradeable lows.
The market is simply playing a new verse of the same old song.
But the tempo picks up as another antagonist enters the scene – regional banks!
You might have seen some of my tweets about an impressive trader I met earlier this week. I felt the encounter was too good to keep to myself – so here’s the full story…
I had a truly profound experience at the traders meetup I hosted in Denver on Tuesday night, where I met a new trader who completely blew me away.
Despite only having about a year of experience trading real money, this young man in his early 30s had a depth of knowledge and understanding that was truly remarkable. He carried with him a notebook filled with detailed market observations, trading strategies, post-mortems on trades, and more. No detail was left unnoticed, and his passion for trading was evident in everything he said.
What was even more impressive was his humility. He was incredibly smart, but he didn’t flaunt his intelligence or try to impress anyone with his knowledge. Instead, he was genuinely curious about trading and had a thirst for knowledge that was inspiring to see.
As I got to know him better, I learned more about his background. He didn’t come from the usual places where successful traders are born. He grew up in rural Mississippi and then spent his formative years on the south side of Chicago. Yet despite facing numerous challenges and setbacks in his life, he never lost his drive to succeed. [Read more…]
by David
From the Desk of Kimmy Sokoloff
What a wild day in the markets…
I think we just need to get $AAPL’s earnings out of the way.
by JC
Another day goes by and another bank that doesn’t matter disappears.
This is a big deal.
In theory, investors should care about a handful of these regional banks no longer in existence.
But they don’t.
In theory, there should be systemic implications to all of this, and the selling in little regional banks should spill into other, more important, parts of the market.
But it hasn’t.
In theory, the inverted yield curve should precede a recession and all the money printing should ultimately cause a collapse.
But it hasn’t.
And that’s my point here.
At what point does anyone care?
I’m waiting for it myself.
For me, it’s two things: [Read more…]
by David
From the Desk of Kimmy Sokoloff
May the Fourth be with you!
We now have the Fed behind us, and there are more bank troubles.
This is worrisome.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
From the Desk of Kimmy Sokoloff
It’s Fed Day, and we know the drill…
Up, down, and all around.