What a day… February started off with a bang!
I mentioned in the live trading room that if the market likes what Fed Chair Jerome Powell has to say we can see $SPY 410.
We sure did hit that level… and then some.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
What a day… February started off with a bang!
I mentioned in the live trading room that if the market likes what Fed Chair Jerome Powell has to say we can see $SPY 410.
We sure did hit that level… and then some.
by David
This is the video recording of our February 1, 2023, Inside Scoop Weekly Strategy Session.
by JC
Where I come from do you know what we call higher lows and higher highs?
Uptrends.
Do you know what stocks do in bull markets?
They go up.
And speaking of going up, we just watched the Small-cap Russell2000 Index go out at new 10-month highs.
Do you know what’s not evidence of a downtrend?
New 10-month highs. [Read more…]
by David
The largest insider buy on today’s list is a Form 4 filing by Randal Kirk, the executive chairman of Precigen $PGEN.
Kirk revealed the purchase of roughly $20 million of his own stock from him, increasing his ownership stake to 46.2%.
by David
From the Desk of Kimmy Sokoloff
Hello, February! Let’s see if you can live up to January.
Today is Fed day. I’m sure we’ll see wild swings in both directions initially, and then the market will subside.
by David
From the Desk of Kimmy Sokoloff
We closed January, the first month of the year.
And it’s a positive start for 2023.
by JC
It’s a market of stocks.
People forget that.
They choose to obsess over every tick in the S&P500 or Nasdaq instead of recognizing what’s happening among the actual components of those indexes.
As it turns out, this has become one of our competitive advantages.
If you’re wondering why we tend to be ahead of the curve on changes in major trends, I would point to this.
Most people don’t have the time (or are too lazy) to sit there and count how many stocks are going up vs how many are going down. [Read more…]
by David
The largest insider buy on today’s list is a Form 4 filing by CD&R Boulder Holdings LP.
The firm revealed a purchase of approximately $6 million worth of shares in Beacon Roofing Supply $BECN.