From the Desk of Kimmy Sokoloff
Today is more of a wait-and-see day until the FOMC announcement this afternoon.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Today is more of a wait-and-see day until the FOMC announcement this afternoon.
How do I measure performance?
In a nutshell, this is a question I received from a member of the All Star Charts community today.
Well, it depends.
The short and obvious answer: I trade to make money.
If I’m making money, good. If I’m not, bad.
Of course, there are also more nuanced answers and considerations – some more relevant than others. They come down to relative performance. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Messy action all around today.
The market was up a lot pre-market and gave it all back early morning.
by David
From the Desk of Kimmy Sokoloff
October turned out to be a decent month for the overall market.
Let’s see what November brings.
by Ian Culley
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by Ian Culley
From the desk of Steve Strazza @Sstrazza.
Welcome to Under the Hood, where we’ll cover all the action for the week ended October 28, 2022. This report is published bi-weekly and rotated with our The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by David
From the Desk of Kimmy Sokoloff
Today was a nice consolidation day, with the indices just chopping around. If the indices can continue to trade sideways, we can hopefully work off overbought levels.
I’d like $SPX 3,835 to hold if this market wants to trend higher.
Our commodities analyst Ian Culley couldn’t have said this any better:
Energy stocks refuse to lose.
We can’t deny the relative strength of the energy space, whether we’re talking about stocks or commodities. But it’s been equities over the raw materials for months now.
They just continue to grind.
Today’s trade takes us to Midland, Texas, home of the Permian Basin — one of the richest deposits of oil and gas in the world. [Read more…]