From the Desk of Kimmy Sokoloff
It’s $NVDA‘s world!
What a stellar earnings report for this company.
But, at the same time, it’s a crowded long.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s $NVDA‘s world!
What a stellar earnings report for this company.
But, at the same time, it’s a crowded long.
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
Wild markets today, and $DIA is riding a very fine line here. It’s right at its 200-day moving average.
If it falls through, there’s potential down to 322.50.
Headlines.
We all read them and they mess with our heads. It takes steadfast resolve to listen to the message of price action when everything else we read tries to trick us into doing the wrong thing.
The best way to keep ourselves level-headed when taking risks is to define that risk and trade small. There are few things more powerful than knowing with complete certainty the most I can lose, no matter what the market throws at me.
With this in mind, we’re putting on a trade today in a stock that has the potential to be a real highflier if the markets stabilize and head higher following any Washington drama while limiting our risk in case we’re early or wrong. [Read more…]
by David
From the Desk of Kimmy Sokoloff
The indices are gapping lower, and I’m watching to see how $SPY handles its 21-day moving average at 413.10.
I mentioned in the live trading room yesterday that this market has been volatile, and until the debt ceiling gets resolved it could continue.
by David
From the Desk of Kimmy Sokoloff
It was a nice morning and $SPY was trading in a one-point range.
But the clock struck noon and things slowed then rolled over.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The USD/JPY is breaking out.
I can’t think of a stronger trend than the dollar-yen last year. It absolutely ripped to the point we were joking everything priced in yen looked good – even gold!
But it wasn’t the only market trending higher at the time. The US dollar and interest rates also rallied together.
Today’s USD/JPY strength raises a painful question for many investors…
Will interest rates and the US Dollar Index $DXY follow?
It’s a bull market, in case you haven’t heard.
As such, I’m on the hunt for alpha. I’m looking for stocks that might be off the radar, but can have outsized moves when the market runs.
Today’s trade offers this potential in spades.