What a wipeout in the indices. We’ve almost retraced all of last week’s move.
The $SPX broke below 4,050, and it was downhill all day.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
What a wipeout in the indices. We’ve almost retraced all of last week’s move.
The $SPX broke below 4,050, and it was downhill all day.
by David
From the Desk of Kimmy Sokoloff
The indices are pulling in this morning.
We’re still in consolidation mode after last week’s rally.
by JC
Let me ask you this: In bear markets does it historically get easier and easier to find stocks making new all-time highs?
Where I grew up, new all-time highs, yet alone more and more of them every day, are not something that we normally see in bear markets.
And here we are. I can’t remember the last time it was this easy to find stocks breaking out to new highs. And not just new 3-month highs or even 52-week highs.
Stocks are breaking out to new ALL-TIME Highs.
And not just in one or two sectors.
We’re seeing it in Financials, Industrials, Technology, Energy, Healthcare, Staples, Telecom and more. [Read more…]
by JC
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Today we’re checking back on two recent trades from October — coffee and orange juice.
Check it out!
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Precious metals shine as the dollar drops.
It makes sense our bullish metal trades are working in this environment. But how are less dollar-sensitive contracts faring?
Let’s check back on two recent trades from October, coffee and orange juice.
by David
From the Desk of Kimmy Sokoloff
After this morning’s dip lower, the $SPX mostly based around its 200-day moving average.
Overall, it was a tough week. We traded lower the first part of the week, and then came Powell…