From the Desk of Kimmy Sokoloff
We’ve got FOMC minutes coming today, so let’s be on our toes.
We still run the risk that the $SPX can head down to 3,950.
[Read more…]
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’ve got FOMC minutes coming today, so let’s be on our toes.
We still run the risk that the $SPX can head down to 3,950.
[Read more…]
by JC
This is the video recording of the February 2023 Mid-month Conference Call.
by Ian Culley
The stage is set for an epic rally. The catalysts are in place.
Yet messy conditions persist as we await ignition and blast off.
Regardless, we can use the current environment to find the most buoyant and promising names.
Check it out… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
With the dollar beginning to rise, gold and silver are coming under some selling pressure.
Nevertheless, these shiny rocks and their related mining stocks are hanging tough.
Instead of getting bent out of shape, I plan on using the recent bout of selling as an opportunity.
When markets come under pressure, it’s time to identify the most resilient names.
Why?
The strongest stocks will likely lead the next leg higher.
Some call it the “beachball” effect. These names tend to rip higher after sellers fail to submerge these stocks.
And I have a potential beachball of a gold mining stock I want to share with you today…
by David
From the Desk of Kimmy Sokoloff
The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.
I didn’t trade much today, as I want to wait for the right setup.
When I last wrote to you, I was mired in a spiral of frustration as I grappled with understanding what went wrong with one of my strategies, what I missed that opened the door to a larger-than-expected loss, and how to move forward.
I’m happy to report that I’ve come out the other side.
The only way out is through.
That’s always been true for me, at least.
My wife can attest: up until yesterday, for a week I’d been walking around like a grumpy zombie, lost in repetitive thought, running mind simulations of hundreds of scenarios and if/then situations. 99% of the ideas were just simple regurgitations of things I tried and failed at in the past. It takes tremendous effort for me to remind myself: been there, done that.
I often waste significant time and energy rehashing old tricks I’ve employed in the past that I’d already proven don’t work as intended. Being better about journaling and reviewing said journal regularly would probably help me out with this.
What helped turn the corner for me was [Read more…]
by David
From the Desk of Kimmy Sokoloff
We’re seeing a decent gap down into the $SPX 4,050 zone. If we break this, we can see 4,020.
We have support on $SPY at 402.65.
by JC
The broadest measure of European equities just hit new 52-week highs last week.
As you can see here, Europe went nowhere for 20 years, mostly due to its lack of exposure to high growth stocks like the United States.
And now that those growth stocks have been out of favor, and it’s the more Industrial and cyclical stocks leading the way this bull market, Europe is the global leader once again.
It’s the U.S. that’s the laggard.
Here’s the Euro STOXX 600 hitting new 52-week highs and coming out of a multi-decade base: [Read more…]