Overall, the market acted weak today.
The $SPX remained below its eight-day moving average, which is at 3,972. This index came close to touching support at 3,933.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Overall, the market acted weak today.
The $SPX remained below its eight-day moving average, which is at 3,972. This index came close to touching support at 3,933.
by David
From the Desk of Kimmy Sokoloff
Futures are up this morning.
What we want to see if this market is going to head higher is that we get above $SPX 3,977.
Support is at SPX 3,956, then 3,933.
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by Ian Culley
From the desk of Steve Strazza @Sstrazza.
Welcome back to our latest Under The Hood column where we’ll cover all the action for the week ended November 25, 2022. This report is published bi-weekly and rotated on-and-off with our Minor Leaguers column.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.
Watch this video for a behind the scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by David
From the Desk of Kimmy Sokoloff
It was a down day for the market. Things felt sleepy, or just a little slow.
People are probably still traveling back from the holiday.
No matter what the market, geopolitics, weather, congress, The President, retail demand, the news cycle, or even the price of the commodity itself throws at oil stocks, they just… keep… winning.
These are not trends I like to fight.
And it seems options markets aren’t willing to fight it either as today’s trade is in an oil sector bellwether that is now pricing in the lowest volatility in over 9 months as the stock flirts with post-Covid highs. [Read more…]
by David
From the Desk of Kimmy Sokoloff
The market is currently pulling into the $SPX 4,000 support level.
If we break below it here, we can head to SPX 3,981.
by JC
Are you noticing?
More stocks are working to the upside.
More of our upside objectives are getting achieved.
Many of our shorts never even get triggered.
A lot of breakouts are holding.
What type of market environment would you describe that as?
Well, we’re seeing the most stocks on the NYSE above their 200 day moving average since March.
The Dow Jones Industrial Average just went out at new 6-month highs.
So did the S&P Financials Index.
None of these strike me as characteristics of downtrends. [Read more…]