From the Desk of Kimmy Sokoloff
We’re indicating a higher open in the pre-market.
And we’re currently above the eight-day moving average on the $SPX at 3,982.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’re indicating a higher open in the pre-market.
And we’re currently above the eight-day moving average on the $SPX at 3,982.
by JC
Who loves a weaker Dollar the most?
Have you run the numbers?
If you take it back to when the internals of the US Dollar began to deteriorate, you’ll quickly see that the correct answer is: [Read more…]
by Ian Culley
It’s the weekly bond market edition of What the FICC?
Today we’re breaking down two reasons we like buying bonds.
Check it out!
by Ian Culley
From the Desk of Ian Culley @Ianculley
Bonds are flying under the radar.
While everyone focuses on the S&P 500 finding resistance at its 200-day moving average, bonds are posting their most substantial rally since the early 2020 peak.
Treasuries have represented downside risk for almost two years. We get it. Nobody’s wanted bonds!
Neither have we – until now.
Here’s why… [Read more…]
by David
From the Desk of Kimmy Sokoloff
The $SPX ran right into resistance today at 3,980 then pulled back in.
We really need above that level to trend higher. It would be best to also hold onto 3,950 on a closing basis.
by Ian Culley
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 David
From the Desk of Kimmy Sokoloff
Futures are up a bit this morning, but we’re still range-bound.
We have data out at 8:30 a.m. ET. We’ll see if that has an influence over the market today.
by JC
In Bull Markets we see more stocks making new highs.
That’s just math right?
And when we talk about new highs, you’ll often hear people discussing the new 52-week high list.
Until recently, this list was almost non-existent.
So while there’s definitely a ton of more action there, we should really be seeing an expansion in new 1-month highs and new 3-month highs.
Crawl before you walk.
If this stock market rally has legs, more new highs is just mathematically necessary for that to occur.
It’s a market of stocks.
Here’s the 3-month high list on the New York Stock Exchange. An expansion in upside participation will go a long way in proving that, yes, in fact the path of least resistance is higher: [Read more…]