From the Desk of Kimmy Sokoloff
Futures are up big this morning. Now we’ll see what the November CPI data brings this morning at 8:30 a.m. ET.
The $SPX futures are trading roughly at their 200-day moving average at 4,050.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Futures are up big this morning. Now we’ll see what the November CPI data brings this morning at 8:30 a.m. ET.
The $SPX futures are trading roughly at their 200-day moving average at 4,050.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Jeff Aronson.
Aronson revealed a purchase of roughly $1.2 million in GoHealth $GOCO.
by JC
It’s that time of the year again.
The infamous Santa Claus rally is just around the corner.
And contrary to popular belief, it doesn’t start until the end of next week.
The official period for the Santa Claus rally includes the last 5 trading days of the year and the first two of the following year.
Based on the 2022/2023 holiday schedule, that means this year’s Santa Claus Rally begins on Friday December 23th and goes through Wednesday January 4th.
These 7 days have historically had a ridiculous track record, averaging over a 1.3% return for the S&P500 and coming in positive almost 80% of the time.
Since 1950, all other 7-day periods throughout the year only average 0.24% returns and were positive less than 60% of the time.
That’s real alpha. [Read more…]
by David
From the Desk of Kimmy Sokoloff
We’re still range-bound, and tomorrow could potentially be a deciding factor on which way this market leads over the next few weeks.
$SPY is currently at 398, which is resistance.
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 December 9, 2022. 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.
Click here for a behind-the-scenes look at our process.
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
This is going to be a volatile week, with CPI data tomorrow and the Fed on Wednesday. Be on your toes, monitor your positions, and have your stops tight.
The indices are in a battle zone. The $SPX is trading between support and resistance. The pattern is tight. $SPY needs to get above 398 in order to head higher, simply put.
by David
The largest insider transaction on today’s list is a Form 4 filing by Edward Joseph Shoen, president at AMERCO $UHAL.
Shoen revealed a purchase of UHAL worth roughly $16 million.