Have you taken a look at the new 52-week high list lately?
You’re going to find a bunch of materials starting to pop up.
Here are 3 monsters who are helping to lead the way: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Have you taken a look at the new 52-week high list lately?
You’re going to find a bunch of materials starting to pop up.
Here are 3 monsters who are helping to lead the way: [Read more…]
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 the Hall of Famers, the 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 David
Jim DeFranco, the executive vice-president of Dish Network $DISH, is on our list again today with his fifth Form 4 filing in August alone.
DeFranco, who co-founded the broadcasting company over 40 years ago, disclosed a purchase of $2.5 million in his latest filing.
by JC
The average stock on the Nasdaq bounced over 40% off it’s lows this summer.
That’s a serious squeeze.
But let’s remember that a lot of that stuff is junky and had gotten crushed, so of course they’ll have strong bounces.
Over on the NYSE, the average bounce has been less pronounced but still got into the high 20s in percentage terms.
So today let’s take a look at how each of the S&P Sectors have performed since the list of NYSE new lows peaked 2 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
The bulls have moved back into the driver seat over the past few months, as a good deal of technical damage was repaired during the summer rally.
It appears that the weakest stocks have at least stopped falling as growth indexes have transitioned to more constructive, base-building action since late Q2.
And, more recently, the strongest sectors during the current cycle have reclaimed key levels.
We’re talking about materials rallying back into their old range and energy stocks resolving above a shelf of former highs.
As both cyclical sectors are now back above our risk levels, we are looking for the strongest stocks to buy to express a bullish thesis on these groups.
When we think about the strongest stocks within materials, the coal industry and its recent resilience is top of mind.
We see no reason why the relative strength from these stocks shouldn’t continue, so let’s dive in and outline some of our favorite charts in the space.
by David
This is the video recording of our August 24, 2022, Inside Scoop Weekly Strategy Session.
by David
The largest insider transaction on today’s list is a Form 4 filing by H Partners Management, which reported an $11.6 million purchase in the theme park Six Flags $SIX.
The hedge fund has a total stake of 11.50% as well as a seat on the board.