Happy New Year to those who celebrate Rosh Hashanah!
The market took a nosedive today.
And there’s potential for continued weakness next week.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Happy New Year to those who celebrate Rosh Hashanah!
The market took a nosedive today.
And there’s potential for continued weakness next week.
The markets are telling us it still wants sideways for longer.
We know this script, and we know it’s been working. So we’re going to keep chopping this wood until the markets tell us to get more directionally aggressive. [Read more…]
by David
From the Desk of Kimmy Sokoloff
That was a big day for the market yesterday, but it still felt slow or weak up until noon.
We have potential to see 455 on $SPY if we continue to hold 447.
by JC
We just saw a $50 Billion Tech IPO successfully issued into public markets.
Remember those?
But before we get into growth stocks, let’s just put the overall market into perspective.
It was nice to get away from the screens for a few days, while we were out at Future Proof in California. But not much has changed now that I’m back home.
Here’s a shot of us during my panel discussion at the Conference: [Read more…]
by David
From the Desk of Kimmy Sokoloff
The market tracked higher most of the day, with $SPY closing that 449.17 gap I mentioned this morning.
by Ian Culley
Energy stocks and commodities remain front and center.
Our equity plays are running toward our upside objectives. Natural gas is attracting a bid. And bulls are eyeing $100 crude.
With that as our backdrop, we reviewed the energy space on yesterday’s “What the FICC?” episode.
And it appears the next leg higher for crude and its crew has commenced…
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to our latest project, it couldn’t be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to The Junior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if the price is rising. That’s good enough for us.
The bottom line is it is a bull market. We want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.
Let’s dive right in and check out what these future big boys are up to.
by David
From the Desk of Kimmy Sokoloff
The market is rallying before the August PPI print at 8:30 a.m. ET.
There’s a gap on $SPY at 449.17 that could potentially get filled today.