The list keeps on growing.
A month ago there was only 1 sector trading above its 200 day moving average.
Then a couple of weeks ago, there was a second.
And now there are 5: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
The list keeps on growing.
A month ago there was only 1 sector trading above its 200 day moving average.
Then a couple of weeks ago, there was a second.
And now there are 5: [Read more…]
by JC
The Dow Jones Industrial Average is up over 5000 points in less than a month. That’s almost an 18% ripper in your face.
How’s it feel?
Was it as good for you as it was for me? [Read more…]
by David
From the Desk of Kimmy Sokoloff
Well over a month ago, J.C. and I talked in the live trading room about a “W” pattern forming in $SPY.
This pattern is still intact. The measured move I have on SPY, should this pattern hold, is roughly at the 407 to 410 level.
I only made one trade today, but I called out multiple setups in the room.
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by David
The largest insider transaction on today’s list was reported in a Form 4 filing by Thomas Sinnickson Gayner, an independent director at Cable One $CABO.
He reported a purchase of CABO worth roughly $6.5 million.
by David
From the Desk of Kimmy Sokoloff
What a week.
We went from almost heading to the lows to the market trading up to its highest level since September.
This is the recording from the November 2022 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframe. We want to look at Large-caps, Small-caps and everything in between before getting into the Sector and Industries themselves like Energy, Banks and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full: