We had a little bit of a bounce during the morning hours.
We’ll see how the indices react next week.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We had a little bit of a bounce during the morning hours.
We’ll see how the indices react next week.
The post-fed interest rates decision hangover this week has thrown stocks back into the sideways slop zone. Therefore, until conditions change, we’re going to keep selling premium to ride this out.
Today’s trade is a defined risk premium collection play that gets us out just before earnings. [Read more…]
by David
From the Desk of Kimmy Sokoloff
To those who celebrate, I wish you a blessed year ahead!
The market is bouncing some. I’d like another push lower, but we can see a bounce shortly.
by JC
The stock market is messy, not trending higher, and frustrating many investors who haven’t studied their market history.
This type of market environment, this time of the year, is EXACTLY what we should expect as investors.
If the market was NOT acting this way, then that would be weird.
Sometimes the market ignores seasonal trends. And that tends to be an important signal.
But, to be clear, this is definitely NOT one of those times.
The market is doing exactly what it should be doing.
Over half the stocks on the NYSE are below their 200 day moving average. Same with the S&P500.
Here’s what the index itself looks like near the lower end of this multi-month range: [Read more…]
From the desk of Steve Strazza @Sstrazza
Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That’s why we’re turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised their payouts every year for five to nine years.
We call them the Young Aristocrats, and the idea is that these are “stocks that pay you to make money.” Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
By adding our technical analysis to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names.
Oftentimes, the strongest performers in this universe and even the Aristocrats themselves pay relatively small dividends. This is usually because the stock appreciation makes it tough to keep up with the payout — even for companies that consistently grow their yield in the double-digits! For this reason, we don’t have a minimum threshold for the dividend. What we’re really doing here is creating a list of quality stocks based on their ability to persistently grow their shareholder return.
And maybe the best part? This list is not just designed for long-term investors. Any kind of investor or trader can use this list as it helps generate ideas across all timeframes, even the short term. Remember, some of the most important filters we use for this list are momentum, relative strength, and proximity to new highs.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Searching for trending markets?
Look no further than US treasury bonds!
Bonds across the curve are skidding to fresh contract lows as interest rates have a one-track mind…
by David
From the Desk of Kimmy Sokoloff
$SPY dropped to the zone I was looking for.
Now we’ll see if we have a bounce attempt. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Yesterday morning I mentioned that we could see either $SPY drop to the 435-to-437 zone or it bounce up to 447.
We’re at 435 this morning.
We’ll see if we have some oversold bounces.