From the Desk of Kimmy Sokoloff
It’s slim pickings with stock selection. Not a ton of things looking great right now.
The indices are pulling in, and I’m watching the eight-day moving average on $SPY at 447.48.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s slim pickings with stock selection. Not a ton of things looking great right now.
The indices are pulling in, and I’m watching the eight-day moving average on $SPY at 447.48.
by JC
This is the video recording of our September 5th Monthly Charts Live Strategy Session
by David
From the Desk of Kimmy Sokoloff
The market was pretty much range-bound most of the day.
There were nice opportunities in certain stocks.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd, which revealed a purchase of $8 million in Impinj Inc $PI.
The hedge fund now owns 3,869,196 shares, representing an ownership stake of roughly 14%.
by JC
That was just the 2nd highest weekly close in the entire history of the Technology Index. It was also the 2nd highest monthly close ever.
So the question becomes: Is this just a retest of resistance and there’s still a ton of overhead supply for demand to absorb?
Or is a breakout coming soon? [Read more…]
by David
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended August 31, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.