The market opened lower and continued on that path all day.
It was a tough day, and I tried to manage risk.
The $SPX hit some support at 3,887. The next level down is 3,867.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The market opened lower and continued on that path all day.
It was a tough day, and I tried to manage risk.
The $SPX hit some support at 3,887. The next level down is 3,867.
by JC
Regardless of whether the majority of stocks in the market are going up or down, there seems to always be a group that just wants to keep on falling in price.
They can’t help themselves.
Investors just hate them.
And with that hatred, of course, comes opportunity.
Here’s this week’s shit list: [Read more…]
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
We’re still picking our spots selectively when it comes to long ideas on our Inside Scoop list.
However, every now and then, some secular leaders pop up on our scan, offering us nice entries and favorable risk-reward ratios.
We’re always looking for ways to gain exposure to these outperformers.
Today, we have two industry bellwethers and household names that recently broke out to new highs relative to the broader market.
Let’s take a look at these leaders now.
by David
The largest insider buy on today’s list comes in a Form 4 filing by the early stage life sciences investment firm Atlas Venture.
The venture capital fund now owns a total stake in Dyne Therapeutics $DYN of more than 17%.
by David
From the Desk of Kimmy Sokoloff
The market is continuing yesterday’s slide after Fed Chair Powell’s speech.
For today, I’m watching the 21-day moving average on $SPY at 396.40. We’re slightly below it.
We debuted a new scan which goes by the name- All Star Momentum.
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 David
From the Desk of Kimmy Sokoloff
We saw a lot of volatility after the FOMC meeting today.
We dropped below $SPX 4,000 before quickly bouncing back.