Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Redmile Group.
Expert technical analysis of financial markets by JC Parets
by David
Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Redmile Group.
by David
From the Desk of Kimmy Sokoloff
It’s a real tug of war between the bulls and the bears.
Each day we start the morning lower, and then we gradually trend higher.
Someone will win soon.
From the desk of Steve Strazza @Sstrazza
Monday night we held our March Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
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
In bull markets you regularly see more and more stocks making new highs.
That’s just a normal characteristic of this type of market environment.
Yesterday we saw a ton of stocks making new 52-week highs – names like Nvidia, AstraZeneca, Salesforce, Lockheed Martin, General Electric, Chipotle, Autozone, Motorola, Lennar and many others.
However, in aggregate we have yet to see that key breakout in breadth expansion in the new 52-week highs list.
The new lows list is non existent. It’s been that way since the 4th quarter last year.
But where the new highs at? [Read more…]
by David
The largest insider buy on today’s list comes in a Form 4 filing by Ares Management.
The hedge fund revealed an additional purchase of roughly $4.2 million in Frontier Communications Parent $FYBR.
by David
From the Desk of Kimmy Sokoloff
It’s been a slow grind up and a real tug of war for the indices.
The market seems really tired, but it hasn’t broken down.
by David
This is the video recording of the April 19, 2023, Inside Scoop Weekly Strategy Session.