There’s a handful of large Form 4 purchases on today’s list.
Robert Gervis, director of Aspen Aerogels $ASPN, purchased $4.5 million of stock.
Expert technical analysis of financial markets by JC Parets
by David
There’s a handful of large Form 4 purchases on today’s list.
Robert Gervis, director of Aspen Aerogels $ASPN, purchased $4.5 million of stock.
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 Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
It’s beginning to feel more and more like a risk-on environment out there.
Commodities are ripping higher. Stocks are digging in at critical levels. And defensive assets such as Treasury bonds and the Japanese yen are in freefall.
Despite the market volatility this year, investors continue to be rewarded for buying stocks over bonds. This has been the case for two years now, and there’s no evidence it will change anytime soon.
When we look to our risk indicators and risk appetite ratios, the majority are still stuck in a range. With the stocks versus bonds ratio resolving to fresh highs, we’re thinking the rest may soon follow.
But first and foremost, the price action from this classic intermarket relationship suggests that stocks are still the place to be.
Let’s take a look.
by David
This is the video recording of our March 23, 2022, Inside Scoop Weekly Strategy Session.
by David
There are a handful of interesting Form 4 filings on today’s list.
One name that stands out is the popular meme stock GameStop $GME.
Monday night we held our March Monthly Conference Call, which Premium Members can access and re-watch here.
In this post, we’ll summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.
Let’s get right into it!
by Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
The unwind is on in the aussie!
After accumulating a historic net-long position last fall, commercial hedgers are scrambling to cover. Over the past four weeks, the smart money has trimmed its long exposure to roughly half of what it was.
This is reflected in our most recent Commitment of Traders Heatmap, which you can view here.
When positioning flips at extremes – like we’re seeing now in the Australian dollar – we want to look for opportunities to ride the emerging trend. In other words, we want to bet in the direction that commercial hedgers are currently unwinding away from.
In the case of AUD, they recently had a historic net long position. As such, we’re looking for bullish technical characteristics to see if a long setup makes sense here.
It just so happens that things are really coming together for the aussie chart lately. We love when technicals and sentiment line up like this.
by David
Today’s Hot List is a short one.
As the market takes a pause following four straight up days, options traders are using puts to fade the bounce in UP Fintech Holdings $TIGR and HP $HPQ.