From the Desk of Kimmy Sokoloff
Yesterday, the market had a nice comeback from the morning lows. This morning, the futures are pulling in some, and, to me, this is still healthy.
Hopefully, we can trend higher or sideways throughout the day.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Yesterday, the market had a nice comeback from the morning lows. This morning, the futures are pulling in some, and, to me, this is still healthy.
Hopefully, we can trend higher or sideways throughout the day.
by Ian Culley
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 The Hall of Famers, The 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 David
From the Desk of Kimmy Sokoloff
That was a nice reversal for the indices today.
They held support where they needed to and then trended higher.
Even though stocks have broadly advanced on the first two trading days of October and Q4, today’s market action reminds players that stocks are still risky here and the options market continues to price in this fear in the form of higher than normal options premiums.
As such, the odds favor net premium sellers in these conditions — so that’s what we’re on the hunt for.
Ideal setups are ones in which a nearby support level has revealed itself so we can lean against it for risk management purposes.
One such setup can be found in Brookfield Asset Management, $BAM: [Read more…]
by JC
Stocks have been under pressure consistently since Q1 last year. That was 20 months ago.
That’s precisely when the United States Dollar stopped falling and started to rise.
And this wasn’t just against the Euro, which represents 58% of the Dollar Index, we saw Dollar strength across currencies from all over the world.
The US Dollar was the only safe haven asset this year. It wasn’t US Treasury Bonds, it wasn’t Japanese Yen and it certainly was not Gold.
The only safe haven was the US Dollar. [Read more…]
by David
From the Desk of Kimmy Sokoloff
We’re seeing a nice pullback in the indices this morning, which is actually healthy after the two-day rally we just had.
For today, I’m watching $SPY support at 372 and $QQQ support at 277.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The US dollar has been under pressure for the past five days, and investors are dancing in the streets.
I get it. A weaker dollar sits at the top of every stock market bull’s wish list. When the dollar goes down, stocks tend to go up. But don’t forget – betting against the dollar has only brought pain this year.
So, instead of joining the celebrations, I nailed down a clear-cut strategy for selling dollar weakness.
Spoiler Alert: Early sell signals are already starting to fire!
by David
From the Desk of Kimmy Sokoloff
The market continued to rally all day. It was nice to see.
Now, hopefully we do get follow through.