From the Desk of Kimmy Sokoloff
Futures are giddy this morning.
Let’s see how $SPY holds on to the 425.50 area.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Futures are giddy this morning.
Let’s see how $SPY holds on to the 425.50 area.
by JC
One of the better indicators of a healthy bull market is when you see Consumer Discretionary stocks (the things we want) outperforming Consumer Staples stocks (the things we need).
The ratio between Discretionary and Staples is one we look at during bull markets, to confirm what the indexes are doing, as well as in bear markets to find divergences that may turn before the indexes themselves (see ’08-’09).
This really has been one of the more reliable indicators for many years.
And wouldn’t you know it, as pessimism spikes, volatility pops, and the permabears begin to pound their chest again, Discretionaries are putting in higher lows relative to Staples.
This is classic sector rotation we see during healthy market environments: [Read more…]
by David
From the Desk of Kimmy Sokoloff
The market started the day trending higher.
Then all the indices completely reversed.
Then they went back up.
It was tough trading.
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 Magnolia Capital Fund.
The investment firm revealed the acquisition of 215,565 shares of RE/MAX Holdings $RMAX, equivalent to $2.6 million.
by David
From the Desk of Kimmy Sokoloff
$QQQ pushed past its eight-day moving average.
Now we need to see if the indices have continuation today.
by JC
This has to be one of the world’s most important trends right now. How could it not be?
You hear all this nonsense about the S&P493 and how it’s only 7 stocks going up.
But those are just lies. That’s not how the market works, and that is certainly not what’s been happening this year.
The real trend here is in the outperformance of the largest companies, particularly mega-cap growth, relative to other indexes with more diversified sector exposure and market-caps.
This is the Nasdaq100 making new all-time highs relative to the much broader Russell3000 Index: [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
The indices had somewhat of a tiny relief bounce.
But it wasn’t really much to speak of…