A consolidation day it sure was.
As long as the $SPX hangs on to to 4,050, we have potential to trade higher.
If we break below that level, we run the risk down to 4,034, then 4,020.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
A consolidation day it sure was.
As long as the $SPX hangs on to to 4,050, we have potential to trade higher.
If we break below that level, we run the risk down to 4,034, then 4,020.
by JC
I continue to wonder what people are so angry about.
More and more stocks keep going up.
Fewer and fewer are going down.
More sectors are participating.
More countries are acting strong.
What’s the problem? [Read more…]
by David
The CEO, the CFO, and the chief technology officer of Hillman Solutions Corp $HLMN all filed Form 4s reporting insider buys.
The three C-suite offers combined bought $1.5 million worth of HLMN shares.
by Ian Culley
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.
But we also highlight lagging stocks on a recurring basis.
by David
From the Desk of Kimmy Sokoloff
What a day.
The indices rallied off of Powell’s speech, and the $SPX crossed the 200-day moving average. The SPX almost closed its gap at 4,083 back on Sept. 12.
We can trend higher into the 4,120 mark in time.
by David
This is the video recording of our November 30, 2022, Inside Scoop Weekly Strategy Session.
by David
The largest insider transaction on today’s list is a Form 4 filing by General Atlantic LP.
The hedge fund reported an additional purchase worth roughly $7 million in HireRight Holdings Corp $HRT.
by David
From the Desk of Kimmy Sokoloff
I think it could be a decision day for the indices, and we’re either setting up for a ripper or a decent drop.
The $SPX needs to get above 3,972. If it does, we can see 4,000-plus.
Otherwise, we can see 3,922, then 3,860.