Here we are back to the June lows in both the S&P500 and Nasdaq100.
Support held for a few days this week at the same prices that it held 3 months ago: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Here we are back to the June lows in both the S&P500 and Nasdaq100.
Support held for a few days this week at the same prices that it held 3 months ago: [Read more…]
We debuted a new scan recently which goes by the name- All Star Momentum.
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach. It’s really been working for us!
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by David
From the Desk of Kimmy Sokoloff
What a day, gains of more than 1% for the major indices across the board.
Yesterday, at around 2:45 p.m. ET, I alerted Swing Trader Pro Members in Rangefinder that I bought the $SPY at 363.80. My target was 368. We hit over 372.
Nice move!
by David
This is the video recording of our September 28, 2022, Inside Scoop Weekly Strategy Session.
by JC
With Bonds getting destroyed this year, it’s put pressure on growth stocks, because of their long-duration characteristics.
As rates rise, it puts a lot of pressure on growth stocks. That’s why historically the more Value oriented stocks and sectors tend to outperform when rates are rising.
When rates are falling that’s when growth stocks usually thrive the most.
We all know this. The data is free.
BUT, a funny thing has happened over the last few months.
With bonds continuing to collapse and breaking those summer lows, the Nasdaq has been outperforming the S&P500.
What does the stock market know that we don’t? [Read more…]
by David
From the Desk of Kimmy Sokoloff
We hit the June lows in the S&P 500 but not the Nasdaq.
We did bounce off the lows, but last night $AAPL signaled trouble ahead and is cutting back production. The futures dropped on that news.
by David
We continue to see insider activity in Adobe $ADBE this week.
This time, director David Ricks filed a Form 4 reporting purchases worth roughly $336,672.