From the Desk of Kimmy Sokoloff
We’ve got FOMC minutes coming today, so let’s be on our toes.
We still run the risk that the $SPX can head down to 3,950.
[Read more…]
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’ve got FOMC minutes coming today, so let’s be on our toes.
We still run the risk that the $SPX can head down to 3,950.
[Read more…]
by David
The largest insider transaction on today’s list is a Form 4 filing by Abdiel Capital Advisors.
Abdiel revealed a purchase of $4.5 million in Appian Corporation $APPN.
by JC
This is the video recording of the February 2023 Mid-month Conference Call.
by David
From the Desk of Kimmy Sokoloff
The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.
I didn’t trade much today, as I want to wait for the right setup.
by David
The largest insider transaction on today’s list was reported in a Form 4 filing by the CEO and President of PayPal Holdings $PYPL, Dan Schulman.
Schulman reported a purchase worth roughly $1.9 million.
by David
From the Desk of Kimmy Sokoloff
We’re seeing a decent gap down into the $SPX 4,050 zone. If we break this, we can see 4,020.
We have support on $SPY at 402.65.
by JC
The broadest measure of European equities just hit new 52-week highs last week.
As you can see here, Europe went nowhere for 20 years, mostly due to its lack of exposure to high growth stocks like the United States.
And now that those growth stocks have been out of favor, and it’s the more Industrial and cyclical stocks leading the way this bull market, Europe is the global leader once again.
It’s the U.S. that’s the laggard.
Here’s the Euro STOXX 600 hitting new 52-week highs and coming out of a multi-decade base: [Read more…]
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.