That was a very volatile day, as we had Fed Chair Jerome Powell speaking.
And he’s speaking tomorrow too.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
That was a very volatile day, as we had Fed Chair Jerome Powell speaking.
And he’s speaking tomorrow too.
by JC
Last night was our Live Conference Call that I host at the beginning of each Month.
It gives us an opportunity to take a step back and identify the direction of primary trends.
This is helpful, because without understanding the environment we’re in, how could we possibly pick and choose which tools and strategies to incorporate?
This step often gets forgotten about by investors.
Many would rather just shove their strategy down the market’s throat whether it makes sense for that environment or not.
I find that foolish.
One chart that I thought told an important story last night was the Nasdaq Composite plotted with the New Highs – New Lows list.
It shows the bottoming “process” taking place beneath the surface: [Read more…]
by David
The largest insider buy on today’s list comes from DISH Network Corporation $DISH co-founder and executive vice-president, James DeFranco.
DeFranco revealed a purchase of $15.7 million worth of DISH shares in his latest Form 4.
by David
From the Desk of Kimmy Sokoloff
So, the market had a little bit of a rug-pull yesterday.
I’d like $SPY to hold the 404 level, otherwise we run the risk down to 402.
by JC
This is the video recording of our March 6th Monthly Charts Live Strategy Session
by Ian Culley
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended March 3, 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.
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.
by Ian Culley
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.
by David
From the Desk of Kimmy Sokoloff
Nice pop this morning in the indices, then we dropped.
I was hoping for $SPY to close the gap at 408 before the sell-off, but that didn’t happen.