From the Desk of Kimmy Sokoloff
May the Fourth be with you!
We now have the Fed behind us, and there are more bank troubles.
This is worrisome.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
May the Fourth be with you!
We now have the Fed behind us, and there are more bank troubles.
This is worrisome.
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 David
From the Desk of Kimmy Sokoloff
It’s Fed Day, and we know the drill…
Up, down, and all around.
by JC
These tiny banks have been in trouble for quite some time.
That we know.
The question has been more about whether or not the selling spills into other parts of the market.
So far it has not.
The spikes in volatility in the bond market, for example, have only resulted in volatility in these little banks.
We have not seen it spill into other asset classes, and certainly not in the majority of stocks.
Remember, the S&P500 and Nasdaq100 just closed the month of April at the highest levels in a year.
Where’s the volatility?
The VIX just closed at new 52-week lows last week.
So here’s the deal. [Read more…]
by David
The big story on today’s list is that executives from some of the most severely damaged banks are still filing Form 4s.
Here’s yesterday’s list:
by David
From the Desk of Kimmy Sokoloff
This is a big day, with the FOMC set to announce an interest rate decision at 2:00 p.m. ET.
We had a late-day bounce yesterday — typical, as this market loves to levitate.
by David
This is the video recording of the May 3, 2023, Inside Scoop Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
The market took a decent dive early today, but after lunch time we saw a decent bounce. Perhaps it was short covering.
We don’t know which way the market will go tomorrow after the Fed’s interest rate announcement.
Time will tell.