We continue to see large Form 4 filings from an array of corporate insiders.
Today, we have a filing by ESAB Corp $ESAB director Mitchell P. Rales, who disclosed new purchases worth $20 million.
Expert technical analysis of financial markets by JC Parets
by David
We continue to see large Form 4 filings from an array of corporate insiders.
Today, we have a filing by ESAB Corp $ESAB director Mitchell P. Rales, who disclosed new purchases worth $20 million.
by JC
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For quite some time we’ve treated Bitcoin and many Altcoins as just more stocks to choose from.
More specifically, we can argue they might be software stocks, or Tech stock of some kind.
At the very least, we’ve agreed that they’re in the growth category and part of that long-duration trade.
And the correlations have been there to justify it.
So the divergence we’ve seen lately really stands out.
Regardless of market capitalization, you can see the growth stocks holding on to their June lows, but Bitcoin and many Altcoins have not.
They’ve gone on to make lower lows:
by David
From the Desk of Kimmy Sokoloff
Today was like a strange pendulum — back and forth and up and down and all around.
The $SPY tried hard all morning to hold on to the eight-day moving average at 391.40.
Once $AAPL started to move higher, so did the indices — SPY ran up to 394-plus.
by JC
This week we came right out of the gates with the Chart of the Decade.
The catalyst for stocks to have a sustained rally is a weaker US Dollar.
The market keeps proving that to be right.
And yes, I am aware that in the 1990s, a weaker Dollar was not the bullish catalyst for stocks.
But are you aware that this is not the 1990s?
It’s 2022 and the correlation has been consistently negative between stocks and Dollars.
Until that changes, we’re not going to fight it.
And while this week’s chart was comparing the US Dollar to Emerging Market Currencies, in this post I want to focus on the more developed countries.
The Euro, British Pound and Yen represent 83% of the entire US Dollar Index.
The Euro and British Pounds both bottomed in late September, while the Yen put in its low last month. [Read more…]
by David
The largest insider transaction on today’s list is a Form 4 filing by the CEO of Ryan Specialty Group Holdings $RYAN.
The chief executive revealed a purchase worth $6.1 million in the specialty insurance company.
by David
From the Desk of Kimmy Sokoloff
The S&P futures broke below 3,950, and now they’re riding the eight-day moving average at 3,930.
So far, this is a healthy contraction, one that I’ve been looking for.
[Read more…]
We debuted a new scan recently which goes by the name- All Star Momentum.
by JC
If you’re still asking what it will take to spark a sustained rally in equities, it’s only because you’re not paying attention.
How is it not the US Dollar?
Find me a stronger negative correlation with equities over the past half decade or so.
Todays chart focuses more specifically on the performance of US Dollars relative to Emerging Market Currencies.
Notice how whenever the Dollar goes down, stocks absolutely love it: [Read more…]