From the Desk of Ian Culley @IanCulley
And bonds are catching a bid.
After four months of steady selling pressure, US Treasuries are finally carving out a tradeable low.
Let’s take a look!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
And bonds are catching a bid.
After four months of steady selling pressure, US Treasuries are finally carving out a tradeable low.
Let’s take a look!
by JC
Stock prices don’t go straight up, even during bull markets.
Corrections are a normal phenomenon.
Messy market environments are perfectly normal too.
And that’s exactly what we’ve seen.
To be clear, corrections and messy market environments for several months at a time do not change the fact that it’s still a bull market.
We’ve been in a bull market for almost 2 years. That hasn’t changed.
The bigger question is whether this bull market is now ready to resume? Or is more churning, sector rotation and further sentiment adjustment still necessary? [Read more…]
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 Hall of Famers, 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 JC
S&P500 New All-time Highs
Nasdaq Composite New All-time Highs
NYSE Composite New All-time Highs
Dow Jones Industrial Average New All-time Highs
Are you noticing a trend?
And it’s not just 7 stocks either.
Actually the Russell3000 Index just hit New All-time Highs as well. This index represents approximately 98% of all investable assets in the U.S. Equities market.
Here it is breaking records before your very eyes: [Read more…]
by JC
This is the video recording of the May 2024 Mid-month Conference Call.
by Ian Culley
From the Desk of Ian Culley @IanCulley
May showers and meme stocks are rolling through.
Roaring Kitty is back, leaning into his detractors with his trademark flair.
AMC and GameStop $GME are ripping. Gold mining stocks are picking up the pace. And the US dollar…
Surprisingly, it’s still holding above former support.
by JC
Look at this squeeze in GameStop $GME happening as we speak.
$GME more than doubled in price yesterday, finally closing up 75% on the day. That’s a 200% rally in just a couple of weeks.
$GME is up another 90% pre-market today, as of the time of this writing… [Read more…]
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the two weeks ended May 10, 2024. This report is published bi-weekly, in rotation 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.