From the Desk of Kimmy Sokoloff
Futures are up a bit this morning, but we’re still range-bound.
We have data out at 8:30 a.m. ET. We’ll see if that has an influence over the market today.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Futures are up a bit this morning, but we’re still range-bound.
We have data out at 8:30 a.m. ET. We’ll see if that has an influence over the market today.
by David
The largest insider transaction on today’s list is a Form 4 filing by Byline Bancorp $BY Director Antonio del Valle Perochena.
Perochena revealed a purchase of BY shares worth $979,055.
by JC
In Bull Markets we see more stocks making new highs.
That’s just math right?
And when we talk about new highs, you’ll often hear people discussing the new 52-week high list.
Until recently, this list was almost non-existent.
So while there’s definitely a ton of more action there, we should really be seeing an expansion in new 1-month highs and new 3-month highs.
Crawl before you walk.
If this stock market rally has legs, more new highs is just mathematically necessary for that to occur.
It’s a market of stocks.
Here’s the 3-month high list on the New York Stock Exchange. An expansion in upside participation will go a long way in proving that, yes, in fact the path of least resistance is higher: [Read more…]
by David
From the Desk of Kimmy Sokoloff
This market is range-bound at the moment. $SPY is stuck between 395 and 390.
The market truly might be waiting for next week for a big move. We’ve got November CPI on Tuesday and the Fed on Wednesday.
by David
This is the video recording of our December 7, 2022, Inside Scoop Weekly Strategy Session.
The market breadth has definitely improved, but certain stocks are pushing higher on momentum, and we’re here to identify just those! This week, we have a stock from the Auto sector making new highs. Let’s take a look!
We retired our “Five Bull Market Barometers” in 2020 to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.