Was 2022 such a hard year in the market like the media keeps telling you?
Or was it just a normal year that was hard, because every year is hard?
I think about this a lot. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Was 2022 such a hard year in the market like the media keeps telling you?
Or was it just a normal year that was hard, because every year is hard?
I think about this a lot. [Read more…]
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
by David
The largest insider transaction on today’s list comes in a Form 4 filing by director Roxanne Austin, who revealed a $2 million purchase in CrowdStrike Holdings $CRWD.
CRWD is trading at its lowest level in years as it looks to find support at its key former highs from 2019.
by David
From the Desk of Kimmy Sokoloff
First and foremost, a very happy and healthy New Year to all! Wishing you and your family a year of happiness, health, and prosperity.
That was a nice bounce overall in the market. Hopefully it holds.
by JC
We’re officially half the way through this year’s Santa Claus Rally.
I like to check in on this one as it goes on because of the impact it’s had on past markets. [Read more…]
by JC
It’s a week full of trades!.
There are so many opportunities out there in this stock market that keeps on grinding higher.
The bulls continue to get rewarded throughout the back half of the year and we see no evidence of that slowing down.
Yesterday’s Long Tesla Call is setting up nicely.
Over in our Trading Room, we traded $TSLA from the long side both yesterday and already this morning, successfully both times.
The longer-term trade looks ready to trigger as well.
In the meantime, I bought this Micron $MU that I think also provides us with a favorable risk vs reward opportunity. [Read more…]
by David
Durable Capital Partners makes another appearance on our list, as the hedge fund continues to increase its position in Duolingo $DUOL.
This time, Durable Capital bought a total of $2.4 million worth of DUOL.
by David
From the Desk of Kimmy Sokoloff
I’ve said many times that this market is not for the faint of heart.
The $SPX broke 3,800. Next support is at 3,780, then 3,764. Resistance is at 3,840.