Stick save, as they like to say, “and a beauty,” as J.C. would add.
The market held where needed.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Stick save, as they like to say, “and a beauty,” as J.C. would add.
The market held where needed.
by JC
If there’s anything that this market has taught me, in almost 20 years of doing this, it’s that expecting the unexpected should be a way of life.
I’ve had a front row seat to watch legendary Wall Street firms disappear practically overnight.
I saw Crude Oil Futures trading below Zero.
Flash Crashes.
Growth stocks going up 100x in price with little or not business activity.
Anything can happen. [Read more…]
by David
From the Desk of Kimmy Sokoloff
We saw a bearish reversal yesterday afternoon in the indices.
For today, I’m watching to see if the SPX can hold 3,638, then 3600. We’d need to get back above 3,689, then 3,700, to head back uphill. The $SPY has support at 363, then 360.
by JC
I interrupt this bear market to bring you stocks that are going up.
While people are crying about their stocks going down, we’re focused on the winners.
You know why? Because winners tend to keep on winning.
And losers? Well, we don’t care so much for you. By definition, few people do.
Here’s a stock making new 6-month highs this week.
You may have heard of it: [Read more…]
Two years ago tomorrow (October 21st), the social financial community lost one of its shining lights, our friend Jon Boorman.
In the year prior, he’d been diagnosed with Glioblastoma, an incurable form of brain cancer, and was given a prognosis of about one year to live.
We cannot possibly fathom what receiving that type of news feels like and I won’t even dare to attempt to imagine it.
All I can say is that when he called me on the phone and broke the news, I couldn’t keep my composure and cried like a baby. Amazingly, by this time Jon had already come to peace with what was happening. Jon, like me, was a fan of Stoic philosophy, and I can’t even begin to describe the awe I had in Jon as he seemed to face down this impending tragedy with amazing calm and acceptance.
One of the great blessings for Jon and his family was [Read more…]
by David
From the Desk of Kimmy Sokoloff
That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!
Now, on to the markets folks.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by Louis Sykes
There’s only one thing you need to know about Bitcoin miners. That is, they’re essentially long Bitcoin’s price, short the hash rate, and short electricity prices.
Wonder why publicly traded Bitcoin miners have been laughable? It’s because all these three are moving in the completely opposite direction.