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.
Expert technical analysis of financial markets by JC Parets
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…]
by David
From the Desk of Kimmy Sokoloff
This market is range-bound at the moment. $SPY is stuck between 395 and 390.
The market truly might be waiting for next week for a big move. We’ve got November CPI on Tuesday and the Fed on Wednesday.
It’s hard not to notice the strength we’ve been seeing in the metals space lately. This surely is getting the Gold Bugs excited.
We wouldn’t consider ourselves any kind of “bug,” but it’s fair to say we’re biased toward charts that trend. If line goes up, we like to buy. If line goes down, we like to sell. Simple.
If we can get into an emerging trend early — so much the better!
“Poor man’s gold” (as JC called it), might just be starting a big relative outperformance trend that could spell a big opportunity for us.
by Louis Sykes
Don’t listen to people who claim to know the future.
They’re all full of shit.
Technical analysis isn’t a mystical prediction machine. This is nothing but a simple, repeatable, and foolproof process for managing risk.
Whenever we’re looking to buy a stock, a cryptocurrency, or any other publicly traded asset, we always prioritize where we’re wrong rather than how much money we could make.
If you haven’t learned by now that risk management is paramount when managing money, you’re beyond saving at this point.
For us, most trades are rather simple.
by David
From the Desk of Kimmy Sokoloff
The trek lower in the indices continues.
We’re near $SPX 3,900 support. After that it’s 3,860.
We need to recapture 3,960 to head back uphill.
by JC
Contrary to popular belief, I don’t know what the market is going to do next.
I have no way of possibly knowing if the S&P500 is going to double from here or if it’s going to get cut in half. Gold can go to $5000/oz or $5/oz. Crude Oil can go to $250/barrel or $2. I just don’t know.
We all have our ‘opinions’, sure. I mean, how can we not? We’re humans right?
But we’re making decisions with unknown information. [Read more…]
by Ian Culley
It’s the weekly currency edition of What the FICC?
Today we’re highlighting three critical levels with huge implications for the US dollar.
Check it out!