It was a nice day in the market overall.
We gapped up but didn’t pull back into yesterday’s high on the indices.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It was a nice day in the market overall.
We gapped up but didn’t pull back into yesterday’s high on the indices.
by David
From the Desk of Kimmy Sokoloff
The market is gapping up nicely into the next resistance zone.
For $SPY, we have to watch this 396.50 area. If it can clear this level, there’s room to 400.
Otherwise it’s back down to 393 or so.
by JC
This is the video recording of the March 2023 Mid-month Conference Call.
by Ian Culley
Buyers taking control of a market heading into the weekend exude confidence. And Gold bugs have done it two weeks in a row now and counting, as they reclaimed the former 2011 highs.
So what’s next for precious metals?
Well, if Gold priced in other major currencies is any indication (which I think it is), it looks like new all-time highs. [Read more…]
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 back to Under the Hood, where we’re covering all the action for the week ended March 17, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Precious Metals are back on track, with Gold leading the way.
Gold bugs closed out last week with another strong showing, absorbing overhead supply at a critical level – the former 2011 highs.
With momentum on their side, let’s see how precious metal bulls are faring in other areas of the world.
by David
From the Desk of Kimmy Sokoloff
The market was very whippy today, and I believe it will be this way till after the Fed on Wednesday.
We’ll take it day by day.