Slim pickings in this market.
There are trades out there.
But we aren’t getting enough follow-through.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Slim pickings in this market.
There are trades out there.
But we aren’t getting enough follow-through.
by JC
One thing I learned years ago is that you need bulls for there to be a bull market.
In other words, as bull markets progress, stocks stop falling in price, and continue to appreciate despite all the negativity.
This is the beginning of the acceptance phase. It’s perfectly normal.
There’s nothing like price to change sentiment.
And that’s exactly what we have in the current environment. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Futures up a tad this morning.
The market awaits tomorrow’s CPI print.
by Ian Culley
We have Phillip Streible on the show today.
I’m a big fan of Phil’s work. He’s the Chief Market Strategist at Blue Line Futures and a market veteran with more than 20 years of experience trading futures and forex.
Today, Phil shares with us his technical perspective on precious metals and discusses key fundamental drivers at play right now.
Check it out: [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
The pieces of the puzzle are falling into place.
Gold priced in USD has finally joined other global currencies, closing last week at an all-time high. Silver, the high-beta play, is outperforming its more reserved cousin (gold). And gold mining stocks are breaking out.
Many of our trade ideas over the past few weeks are working. I believe this trend has just begun and could last for months – or even quarters.
Especially when I consider this next chart…
by David
From the Desk of Kimmy Sokoloff
Price action was sloppy early and then, around midday, the indices started to trend higher.
The morning trading was trying to squeeze dry lemons.
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.
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.