The Fed raised a quarter point, but we kinda knew that was coming.
The market, as of now, is all over the place. [Read more…]
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The Fed raised a quarter point, but we kinda knew that was coming.
The market, as of now, is all over the place. [Read more…]
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
Today’s the day: Will the Fed raise rates for one last time this year?
We’ll see at 2:00 p.m. ET.
$GOOGL had a nice move after hours.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The US dollar isn’t going down without a fight.
Investors weren’t given much time to celebrate the breakdown as it quickly turned into a potential failed breakdown.
Before we get ahead of ourselves, it could simply turn into a hard retest.
It happens all the time.
So let’s check the charts…
by David
From the Desk of Kimmy Sokoloff
We had decent movement in the indices today.
We’ll see how $GOOGL does after the close.
The indices are flagging, but I think it all depends on tonight.
by JC
Here’s something you don’t see every day.
European Financials hitting new 52-week highs? [Read more…]
by David
From the Desk of Kimmy Sokoloff
$GOOGL kicks off Big Tech earnings tonight.
We’ll see if this name is a precursor for other tech names.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Here comes the Fed.
Another FOMC decision is upon us.
But the market has the central bank’s number this time, or so it seems.
The fed fund futures are pricing in an almost certain chance we’ll see a 25-basis-point rate hike come Wednesday.
With general consensus running at all-time highs, the focus will shift toward Jerome Powell’s words, basically the Fed’s forward guidance.
I won’t tune in to that press conference.
What I will do is monitor price.
When it comes to precious metals I’m following absolute trends, as usual, but I’m also tracking these two critical relative trends…