From the Desk of Kimmy Sokoloff
Happy Passover to those who celebrate!!
The market is trying to consolidate, as it should, and I think it needs more of it. I’d like a healthy pull into $SPY 405 or so.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Happy Passover to those who celebrate!!
The market is trying to consolidate, as it should, and I think it needs more of it. I’d like a healthy pull into $SPY 405 or so.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The US Dollar Index $DXY is dropping – and our bearish USD trade ideas are beginning to trigger.
While I tend to stick to major developed-market (DM) currencies for placing trades, I still monitor the less liquid forex pairs for information.
I want to see DM currency strength spill over into emerging-market (EM) currencies, confirming the broadening US dollar weakness.
As always, I strive to break it down to one level, one chart, whenever possible.
This next chart does the job…
Strazza and I have been having fun discussing options stuff on Twitter Spaces over the past few weeks. Even our friend Brian Lund (@bclund) has been contributing mightily to the conversations.
The topic of discussion has mostly centered around 0-DTE – or daily expiring – options and some experimentation I’ve been doing in this very active corner of the options market. While I will continue to talk about that, we decided we want to broaden out the topic material to include anything else we’re seeing that we can trade with options.
We’ll discuss trades we have on, trades we might be considering entering or anything else that feels topical in the world of options.
During the calls, we like to encourage audience participation. One piece of feedback I’ve heard from a few of you is that you don’t know how to actually participate. “Where’s the button to raise my hand?” [Read more…]
by David
From the Desk of Kimmy Sokoloff
That was a healthy contraction today.
I would think we still need more of a pull-in, but time will tell.
by JC
Asset prices trend.
We know this.
We all have the data.
Just because some (most) investors choose to ignore it, doesn’t mean that moves in stock prices are random.
They’re not.
Stock prices trend.
It’s just math. Or science maybe. Or both, I don’t know.
But they do trend. This we know is a fact.
And since last June, the majority of stocks have been appreciating in price. And very few stocks have been falling in price, to the point where there are almost no stocks that are still falling.
So if stocks were not going up in price in this environment, that would be really weird. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Another gap higher this morning for the indices.
We might hit $SPY 421 quicker than thought if we keep up this pace.
by JC
This is the video recording of our April 3rd Monthly Charts Live Strategy Session
by Ian Culley
Gold finished the month within ten dollars of a new all-time high on a monthly closing basis.
It’s an impressive feat by any standards, but even more so considering March is the weakest month of the year from a seasonal perspective.
With Gold futures bucking seasonal weakness and Silver futures and mining stocks bid, investors are sending a clear message to gold bugs everywhere…
It’s time to party! [Read more…]