From the Desk of Kimmy Sokoloff
This morning, $SPY is above its 50-day moving average at 389.61. I’ll be watching this level closely.
If we can hold it, there’s potential to 396.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
This morning, $SPY is above its 50-day moving average at 389.61. I’ll be watching this level closely.
If we can hold it, there’s potential to 396.
by JC
I was back on The Compound & Friends show this week.
But this time I brought ASC Director of Research Steve Strazza with me.
This show is always a lot of fun and this time was no different.
We don’t take ourselves too seriously and like to enjoy ourselves. So this is the perfect show for us to come on.
We discussed the Bull Market in stocks that continues to broaden out to new sectors and countries, the potential breakout in Gold prices to new all-time highs, how the US Dollar falling apart is impacting asset classes, and some of our favorite stocks to profit from the current environment.
We also discussed our Bitcoin trade, Chinese Internet and the ASC Hall of Famers.
Big shoutout to Josh and Michael for the invite.
I love being a guest on one of my favorite shows to watch! I know Steve Strazza feels the same way.
Enjoy! [Read more…]
by JC
If you’re not making money in this environment, it’s not because it’s a “bear market”.
Don’t be one of those investors left holding the bag in the few remaining stocks that are not working, while almost everything else is.
On an equally-weighted basis, every single sector is up since the bear market ended last June.
Here’s the performance of each of the Sectors since the new lows list on the NYSE peaked in Q2. Notice how Consumer Discretionary is the best performer. How can consumer discretionary stocks doing so well possibly be a bad thing? [Read more…]
by Ian Culley
It’s the weekly commodity edition of What the FICC?
The major commodity indexes look ready to roll despite sustained strength from precious metals.
Check it out!
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The Bloomberg commodity index $BCOM is breaking down, approaching fresh 52-week lows.
Somehow Gold and Copper didn’t get the memo. They must be too busy printing new highs.
But when we review other major commodity indexes (including our own equal-weight index of 33 individual contracts), they look poised to roll over.
by David
From the Desk of Kimmy Sokoloff
That was a nice push in the market today.
$SPY finally closed its gap to 387.89.
The latest Young Aristocrats report is out, highlighting companies with steady and increasing dividends that are also displaying strong relative strength — a powerful combination. These are some of my favorite stocks to get long when the conditions warrant.
Today’s trade is in a sporting goods retailer that just broke out and looks like it’s ready to start sprinting.