Happy Labor Day weekend!
The indices hit resistance and pulled in.
I would expect next week to be light trading as well.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Happy Labor Day weekend!
The indices hit resistance and pulled in.
I would expect next week to be light trading as well.
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by JC
Oil prices just went out at their highest monthly close since last October. That was almost a year ago.
The trend for Crude Oil has turned up.
Here’s all that former resistance from 2018 turning into support more recently: [Read more…]
by David
The largest insider transaction on today’s list comes in a Form 4 filed by James Monroe, director of Globalstar Inc $GSAT.
Monroe reported a purchase of GSAT shares in the amount of $4.7 million.
by David
From the Desk of Kimmy Sokoloff
Hello, September!
Will this month live “down” to its name, or will it surprise us to the upside?
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to our latest project, it couldn’t be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to The Junior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That’s good enough for us.
The bottom line is it is a bull market. We want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.
Let’s dive right in and check out what these future big boys are up to.
by David
From the Desk of Kimmy Sokoloff
That was the last day of trading in August.
I missed buying $AMZN this morning.
I saw it and spoke about it in the Live Trading Room, but I just didn’t pull the trigger.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Viking Global Investors.
The hedge fund reported a purchase of roughly $9.8 million in Inhibrx Inc $INBX, increasing its ownership stake to 16.40%.