From the Desk of Kimmy Sokoloff
Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.
Now lets see if it holds on to the gains.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.
Now lets see if it holds on to the gains.
by Ian Culley
From the Desk of Ian Culley @IanCulley
“Rates, the US dollar, crude oil, and the S&P 500… repeat!”
These charts swirl atop every investor’s mind as markets await the upcoming rate hike decision.
Meanwhile, it’s messy!
The S&P 500 challenges the upper bounds of a multi-month range. The US dollar and interest rates chop sideways. And crude oil remains resilient despite increased selling pressure.
But not all markets are trapped in a trading range right now. In fact, there’s one forex cross breaking down, suggesting lower yields and cheaper crude oil…
It’s the nokkie-stocky, the Norwegian krone and the Swedish krone!
by David
From the Desk of Kimmy Sokoloff
Today was the first real breakdown for the indices, with $IWM leading the way.
For $SPY and $QQQ it was the first real break below their respective 21-day moving averages.
by David
From the Desk of Kimmy Sokoloff
This market is completely stuck in a range, and we haven’t been able to get out of it for at least two weeks.
This morning the indices are back near yesterday’s low.
From the Desk of Steve Strazza @Sstrazza
Welcome to our latest Minor Leaguers report.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.
The goal is still to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by Ian Culley
First palladium, now platinum?
Platnuim broke out of an inverted head and shoulders pattern last week, printing fresh 52-week highs.
The bullish data points continue to roll in despite the waning strength in gold and silver.
Check it out! [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Our precious metals index is hitting fresh 52-week highs despite the waning strength in gold and silver.
Only three markets comprise the index. That leaves only one possible culprit – platinum!
First palladium, now platinum?
It doesn’t matter whether you consider platinum or palladium true precious metals. The industrious side of the family is chipping in, supporting a new structural uptrend for the entire space.
Let’s check it out!