The most significant insider transaction on today’s list comes in a Form 4 from Carl Icahn.
Icahn bought $30 million worth of Southwest Gas Holdings $SWX, increasing his ownership stake from 12.64% to 14.44%.
Expert technical analysis of financial markets by JC Parets
by David
The most significant insider transaction on today’s list comes in a Form 4 from Carl Icahn.
Icahn bought $30 million worth of Southwest Gas Holdings $SWX, increasing his ownership stake from 12.64% to 14.44%.
by David
From the Desk of Kimmy Sokoloff
I like to say this market is not for the faint of heart.
This morning we’re trading below the 200-day moving average on $SPY.
Unless we recover 392.44 we can head back down to 385.
by David
From the Desk of Kimmy Sokoloff
This market can’t get its act together.
It started off strong, then it faltered.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Bihua Chen, the CEO of Cormorant Asset Management.
Chen revealed a purchase of $16.7 million in MoonLake Immunotherapeutics $MLTX.
by David
From the Desk of Kimmy Sokoloff
We saw a swift reversal down in the indices yesterday after the Fed’s rate-hike announcement.
Now we need to see if we stabilize in here to trend back up or break down.
by JC
We don’t have bull markets without Financials.
Go back and check for yourself.
So this one, by definition, has to be the chart that matters the most.
Look at the Financial Sector Index currently retesting its former highs from before the Great Financial Crisis: [Read more…]
by Ian Culley
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 was a sleepy morning for the market…
And, of course, that changed as the day went on.