That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!
Now, on to the markets folks.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!
Now, on to the markets folks.
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.
Now, we’re also highlighting lagging stocks on a recurring basis.
by JC
One of the things that continues to really stand out to me is the relentless outperformance in Energy stocks, even in the midst of a major correction in Crude Oil.
You can see it perfectly in this chart. Energy stocks today are making new 52-week highs relative to Crude: [Read more…]
by JC
The bond market is the biggest and baddest market of them all.
All these crypto currencies can go to zero and no one who matters will care.
The entire pot industry can disappear tomorrow and it won’t matter.
Small-cap stocks aren’t relevant, from a systemic perspective.
Do you know what matters? The bond market.
And if there’s real stress out there in financial markets, you are going to see it show up in bonds.
It’s just math.
But a funny thing happened in Q2 this year. High Yield Credit spreads began to tighten.
If there was real stress, you would be seeing them widening.
In this chart below we’re looking at lower lows in the S&P500 but higher lows in the ratio between Junk Bonds and US Treasury Bonds: [Read more…]
by David
From the Desk of Kimmy Sokoloff
The SPX futures are back above 3,700. That’s a level I’d like to see maintained.
And I’d prefer SPX above 3712.
by David
The largest insider transaction on today’s list is a Form 4 filing by the senior vice-president of Dave & Buster’s Entertainment $PLAY.
This is the fourth Form 4 filing reported for Dave & Buster’s since last week.
by JC
This is the video recording of the October 2022 Mid-month Conference Call.
We discussed:
by David
From the Desk of Kimmy Sokoloff
Today was more of a consolidation day for the market. I’d prefer that the SPX hangs onto 3,669, which it did (and hopefully does in the days ahead).
It would be nice if we saw the recent bottom become a tradable low from which we trend higher.