This is a very choppy market.
$SPY bumped up to resistance at 445 then dropped lower.
We can stay volatile this whole week.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
This is a very choppy market.
$SPY bumped up to resistance at 445 then dropped lower.
We can stay volatile this whole week.
While the stock market continues to digest its recent run and weave through this sideways consolidation, we’re starting to get some pretty clear hints on which stocks will likely be leaders if/when the bull market resumes.
Today’s trade is an early bullish bet on one of those names. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Let’s see what this week brings, as we have the FOMC on Wednesday.
Next support down on $SPY is 440.
by JC
The stock market correction continues….
What else would you expect during this seasonally weak period for stocks?
Historically, stocks do very well after mid-term elections. And that’s exactly what happened.
Then in Q3 the struggle tends begin for a few months.
And that’s precisely what we’ve seen this year. A perfectly normal market: [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Stock market bears and tech bros are whining in the corner as energy outperforms.
Haters can hate all they want…
Energy marks the spot when it comes to stocks.
Spencer and I discussed it on Wednesday’s “What the FICC?” episode, highlighting the absolute and relative uptrends across the space.
Energy is clearly resuming a leadership role in stock and commodity markets. But crude oil isn’t the only commodity exhibiting strength.
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Markets fluctuate to a relentless beat driven by fear, greed, and an incessant newsfeed.
Sometimes, they trend.
But, more often than not, they churn sideways.
Unsurprisingly, “sideways” best describes most markets today.
The S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average have gone nowhere in three months.
Regardless, one uptrend remains intact…