From the Desk of Kimmy Sokoloff
This sideways action in the market is tiring.
We do find setups, but I haven’t been enthused with most of them.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
This sideways action in the market is tiring.
We do find setups, but I haven’t been enthused with most of them.
by JC
These are the registration details for our Live Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Tuesday May 16th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Tuesday night: [Read more…]
by David
From the Desk of Kimmy Sokoloff
It was Chop City for the market today.
It will likely pick a direction soon.
by Ian Culley
Bonds are catching a bid as a risk-off tone plays across the market.
Aside from intraday knee-jerks in price, not much has changed. Rates and the US dollar remain range-bound. US Treasuries have yet to provide a definitive buy signal.
And the S&P 500 continues to contend with overhead supply at the 4,200 level.
It’s a chop fest.
But one data point has changed in recent sessions – the probability of a rate cut or a rate hike next month based on the fed funds futures… [Read more…]
by JC
Small-cap stocks are back down to where they bottomed out last summer.
Can they do it again?
I believe they can, and that’s the bet that we’re making.
Check out: It’s Now Or Never and also We’re Buying Small-caps
Here’s what the Russell2000 Index ETF looks like: [Read more…]
by David
From the Desk of Kimmy Sokoloff
It’s just like Tuesday…
With PPI coming up at 8:30 a.m. ET, I’m going to hold off on sharing ideas until I see how the market reacts.
From the Desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach. It’s really been working for us!
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by David
From the Desk of Kimmy Sokoloff
What a day…
$SPY came close to the 415 level I mentioned this morning and then traded below 410.
The recovery was quick due to tech bouncing.