From the Desk of Kimmy Sokoloff
We’re still waiting on debt ceiling negotiations.
The indices pulled back on Friday.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’re still waiting on debt ceiling negotiations.
The indices pulled back on Friday.
by JC
Some things are changing.
Have you noticed?
Let’s keep something in mind. During healthy market environments, you historically see correlations falling.
It’s when volatility spikes in bear markets that correlations all go to 1.
So are these recent divergences just further evidence that this is a strong market for stocks?
The breadth expansion and sector rotation we keep seeing certainly points to that.
So let’s take a look. [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by JC
I’ve been at this for 20 years. I’ve seen a lot of uptrends and bull markets in my day. I’ve studied many more that came before me.
Along the way, do you know what you’ll find a lot of in bull markets?
New 52-week highs. [Read more…]
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. You can click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Watch out for cotton!
Back in February, I highlighted a bullish setup in cotton futures.
Buyers were hammering a key retracement level from below. The way I learned it, “The more times a level is tested, the higher the likelihood it breaks.”
Three months later…
by David
From the Desk of Kimmy Sokoloff
The morning session turned into a consolidation after the recent breakout in $SPY.
Powell spoke at 11:00 a.m. ET, so stocks were in wait-and-see mode.
It’s been a good run for many of our bullish long trades. As such, it wouldn’t surprise me if stocks took a bit of a breather soon.
And considering so many stocks we’ve been tracking are starting to look pretty extended, I’m going to go fishing in the weak stocks pond to find some opportunities for portfolio diversification in the event that stocks go sideways or dip a little bit in the weeks ahead.
One nice thing is the stock market lift this week has really zapped options premiums across the board. So today’s trade offers us a somewhat rare opportunity to get responsibly short with long puts. [Read more…]