This morning was very choppy, and then the market straightened itself out.
I mentioned in the live trading room that we’re really due for a bounce.
And then, late in the afternoon, we got it.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
This morning was very choppy, and then the market straightened itself out.
I mentioned in the live trading room that we’re really due for a bounce.
And then, late in the afternoon, we got it.
by David
From the Desk of Kimmy Sokoloff
We are riding a fine line.
The $SPX and the $NAS are sitting right at their respective 200-day moving averages. The $RUT is the strongest as of now.
Question is do we break down or start to bounce.
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach. It’s really been working for us!
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by Ian Culley
It’s the weekly currency edition of What the FICC?
Instead of allowing the market to dictate your emotions along with the herd, let it simply highlight the path of least resistance.
That’s what I’m doing.
Check it out!
by David
From the Desk of Kimmy Sokoloff
March has started off on shaky ground.
The $SPX tested the 200-day moving average at 3,940 again.
It bounced, but we’ll see if it can hold this level.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Markets continue to churn sideways, frustrating most investors.
Instead of allowing the market to dictate your emotions along with the herd, let it simply highlight the path of least resistance. That’s what I’m doing.
Today, I want to share with you two ways to trade the British pound – regardless of its next directional move…
If stocks are going higher from here, Meta Platforms $META (the cool kids call it “facebook”) is likely to lead the way.
We’re going to leverage some short puts to pay for the potential of unlimited upside if we get our timing right.
And the best part is, we’ve got a nearby risk-management level to tell us we’re wrong. And if we are, we’ll likely know quickly.
Check out this chart of $META:
by David
From the Desk of Kimmy Sokoloff
Hello March!
With the futures being up this morning, it’s like yesterday’s close didn’t happen.
We must stay on our toes.