The largest insider transaction on today’s list comes in a Form 4 filed by Kelcy Warren, chairman and CEO of Energy Transfer Partners $ET.
Warren reported a purchase of roughly $38.8 million.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Kelcy Warren, chairman and CEO of Energy Transfer Partners $ET.
Warren reported a purchase of roughly $38.8 million.
by David
From the Desk of Kimmy Sokoloff
On Monday morning I said $SPY could have potential to 441, and on Tuesday morning we’re there.
That was a nice reversal yesterday off the 435 level, and now the question is will we push to 444.
by JC
Look at this mess.
The S&P500 is stuck below overhead supply, as we’ve discussed plenty around here.
And it’s happening at a time that the S&P500 is supposed to be a mess. So this is perfectly normal.
Nevertheless, this is the predicament that S&Ps currently find themselves in… [Read more…]
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 18, 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.
by David
From the Desk of Kimmy Sokoloff
I believe we’re in wait-and-see mode until Friday!
It’s a “What Will Jerome Say?” market.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd.
The hedge fund reported a purchase of 415,751 shares of Impinj Inc, equivalent to $25.2 million. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Some would say this is a big week.
With the Fed’s Jackson Hole Economic Symposium on deck, all eyes will be on Jerome Powell.
Now we need to see if this rally lasts.
If so, $SPY has near-term potential to 441.