From the Desk of Kimmy Sokoloff
We have some big, heavyweight earnings tonight, with $AMZN and $AAPL reporting.
The market is still pulling in, but August is typically a weak month.
We’re in a tough spot, as names are in between.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We have some big, heavyweight earnings tonight, with $AMZN and $AAPL reporting.
The market is still pulling in, but August is typically a weak month.
We’re in a tough spot, as names are in between.
by JC
This is the video recording of our August 2nd Monthly Charts Live Strategy Session
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
$SPY dropped down to its 21-day moving average, and $QQQ broke below its own 21-day.
We’ll see if this is a one-day wonder or if the Fitch downgrade has more meaning.
by David
This is the video recording of the August 2, 2023, Hot Corner Insider Weekly Strategy Session.
by David
The largest insider transaction on today’s list comes in a Form 4 filing by Blackford (Beau) F. Brauer, director at Commerce Bancshares $CBSH.
Brauer reported a purchase of CBSH shares worth $265,003.
by David
From the Desk of Kimmy Sokoloff
After normal trading hours yesterday, Fitch downgraded the US.
As of now, it’s been a muted response. We’ll see if it turns into something bigger.
I did tell traders last week having a hedge does not hurt.
by David
From the Desk of Kimmy Sokoloff
The market is taking a breather.
We still have a lot of earnings to contend with this week.