From the Desk of Kimmy Sokoloff
I spoke in the live trading room yesterday about how $NFLX earnings, either good or bad, has not really affected the market recently.
The futures did bounce last night, but this morning we’re roughly flat.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I spoke in the live trading room yesterday about how $NFLX earnings, either good or bad, has not really affected the market recently.
The futures did bounce last night, but this morning we’re roughly flat.
by David
From the Desk of Kimmy Sokoloff
The market gapped up this morning and came back to fill yesterday’s high.
The market overall bounced off of that gap-fill and held steady until news came out on $AAPL late afternoon.
[Read more…]
by JC
The Dow Jones Industrial Average is working on its 3rd straight week of gains.
In case you missed it, you have to see the look on Maria Bartiromo’s face after I told her Friday that we’re 4 months into a new bull market.
Priceless.
I think she was into it though. Check out the full clip on Fox Business here: Mornings with Maria
This weekend I published a note about how underrated I find the Dow Jones Industrial Average to be among traders and investors.
The Dow is not something I want to fight. In fact, I was specifically taught not to.
Make sure to check out some of my favorite Dow stocks to own right now.
But today I want to focus on sentiment. More specifically, the extremes in bearish sentiment and overall pessimism. [Read more…]
by Louis Sykes
You hear it every day.
Are you bullish or bearish?
Like, what does that question even mean?
Which asset class are we talking about?
What time frame?
What sector?
It’s a question that only journalists should ask. People with skin in the game understand that strong opinions will always be weakly held when money is on the line.
Our opinion never matters. What does matter is how we adapt our approach as new evidence comes in that either corroborates or contradicts our initial thesis.
by David
From the Desk of Kimmy Sokoloff
That was a huge move overnight in the futures market. We’re currently trading above gap-fill on the SPX at 3,739.
Now, let’s see if we back and fill some.
by Ian Culley
From the Desk of Steve Strazza @Sstrazza.
Welcome to Under the Hood, where we’ll cover all the action for the week ending October 14, 2022. This report is published bi-weekly and rotated with The Minor Leaguers.
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.
Click here 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 Ian Culley
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 David
From the Desk of Kimmy Sokoloff
That was a nice range-bound day for the market overall. The consolidation is healthy.