I think this market might be on hold till Big Tech earnings are behind us.
Time will tell.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I think this market might be on hold till Big Tech earnings are behind us.
Time will tell.
In an effort to provide some much-needed portfolio diversification, I’m adding a delta-neutral credit spread to the mix.
There aren’t a whole lot of juicy premiums out there (thank you plummeting $VIX!), but there is an ETF in a sector that looks set up for some sideways digestion over the near term that should play nice with a short Strangle.
[Read more…]
by David
From the Desk of Kimmy Sokoloff
We have a big week ahead of us as far as earnings go.
The indices have been holding on for the past two weeks, but we’ve barely gone anywhere.
by JC
You want to talk about trends?
The biggest trend I see is that stocks keep going up in price, but investors are more pessimistic than ever.
I don’t understand…
What are people so angry about? Why are they so scared?
Barron’s latest Big Money poll shows that out of the 130 managers polled only 6% of their clients were bullish.
lol 6%? [Read more…]
by JC
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 Ian Culley
From the Desk of Ian Culley @IanCulley
The increased selling pressure across grain markets might not be on your radar.
But pay close attention: The soybean complex, corn, and wheat are edging toward their respective year-to-date lows as demand wanes.
Even if you don’t trade these ag contracts, fresh multi-month lows – especially in wheat – carry broad implications for equities and cyclical assets. (Hint: It has to do with crude oil.)
That’s why I’m on high alert for a potential breakdown in Chicago wheat…
by David
From the Desk of Kimmy Sokoloff
Today was monthly options expiration, and it was slim pickings.
Fridays are always hard to trade, as you can see below: not much movement.
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. 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.