From the Desk of Kimmy Sokoloff
Yesterday morning I mentioned that we could see either $SPY drop to the 435-to-437 zone or it bounce up to 447.
We’re at 435 this morning.
We’ll see if we have some oversold bounces.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Yesterday morning I mentioned that we could see either $SPY drop to the 435-to-437 zone or it bounce up to 447.
We’re at 435 this morning.
We’ll see if we have some oversold bounces.
by JC
The US Stock Market is mostly one big fat mess, as is perfectly normal for this time of the year.
So no surprise there.
You can catch up on our reasoning in this short post.
But the bottom line is that we’re now well into month #3 of this correction, since the new 52-week highs list peaked back in July.
The fact that markets are a mess is not a big deal. The bigger question is more about how long it will take to resolve, and which stocks are holding up the best during this seasonally weak period.
We discussed some really interesting setups during our LIVE Conference Call this week.
But today I want to focus on a space that is acting way better than the rest of its peers: Cyber Security.
While Tech stocks have generally been struggling since mid-summer, take a look at Palo Alto hanging in there just fine: [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 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 David
From the Desk of Kimmy Sokoloff
It was a Fed day, not much more to say.
It was very volatile, and tomorrow we should get more of a true direction.
by David
This is the video recording of the September 20, 2023, Hot Corner Insider Weekly Strategy Session.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management LP.
The hedge fund reported a purchase of roughly $19.6 million in Ambrx Biopharma Inc $AMAM.
by David
From the Desk of Kimmy Sokoloff
FOMC on deck!
Now we’ll either see a quick pop up to 447.70 on $SPY or a drop down to 437 to 435.
Pre-market indices are trading higher.
by David
From the Desk of Kimmy Sokoloff
It was a slow day, and the market just drifted lower.
We’ll see what happens tomorrow after the FOMC announcement.