The most significant transaction on today’s list comes in a Form 4 filing by Madison Square Garden Entertainment Corp $MSGE director Thomas C. Dolan.
Dolan reported the acquisition of 322,580 MSGE shares, equivalent to roughly $10 million.
Expert technical analysis of financial markets by JC Parets
by David
The most significant transaction on today’s list comes in a Form 4 filing by Madison Square Garden Entertainment Corp $MSGE director Thomas C. Dolan.
Dolan reported the acquisition of 322,580 MSGE shares, equivalent to roughly $10 million.
by JC
Is it time to just hold your nose and buy Disney down here?
Sector rotation has been working.
The laggards are catching a bid.
Is Disney the next stock that money is going to rotate into? [Read more…]
by David
From the Desk of Kimmy Sokoloff
We had a nice ramp up yesterday. I called out $SPY at 434.34 for a move to 436.60 in the Live Trading Room.
The market is pulling in this morning, and Fed Chair Jerome Powell will be speaking at the open.
by David
From the Desk of Kimmy Sokoloff
I mentioned this morning that odds favored a bounce.
$SPY broke above its eight-day moving average and headed higher.
by David
The most significant transaction on today’s list comes in a Form 4 filing by Hadi Partovi, director of Axon Enterprise Inc $AXON.
Partovi reported an AXON purchase worth $4.7 million.
by David
From the Desk of Kimmy Sokoloff
$SPY and $QQQ had played catch-up to $DIA and $IWM, but they’ve moved down to their respective 21-day moving averages.
We’ve been heading lower for a week now, and we have a holiday coming up next week.
The market typically likes to rally before a holiday weekend.
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended June 23, 2023.
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.
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.