From the Desk of Kimmy Sokoloff
We’re turning the corner into the last stretch of summer.
The market has been very resilient through all negative news.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’re turning the corner into the last stretch of summer.
The market has been very resilient through all negative news.
by Ian Culley
From the Desk of Ian Culley @IanCulley
I find the general distaste for precious metals amusing.
It cracked me up when a close friend referred to gold as “hot garbage” at the start of the year. The Nasdaq 100 was trading almost 36% off its 2021 zenith. And gold was within striking distance of its former all-time highs.
Yet gold was trash in this investor’s eyes.
That’s information.
Information that got me thinking about a rally in precious metals…
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
Today we close out July, and what a month it’s been.
The indices trickled higher continuously throughout.
by JC
The fact that Energy hasn’t even broken out yet really stands out to me.
Energy, and commodities in general, have been left for dead this year.
Investors have forgotten about that third asset class: Commodities.
It’s not just stocks and bonds kids.
There are Commodities too!
Here’s the Energy Sector Index, flat over the past 15 years.
It still hasn’t even broken out: [Read more…]
by David
From the Desk of Kimmy Sokoloff
Futures are up this morning, go figure!
It’s like Groundhog Day.
We have another busy earnings week ahead.
Today’s trade is inspired by the latest Follow the Flow report. And it’s offering up a better than 4-to-1 reward to risk if we nail it.
We’re getting long Bausch Health.
Here’s the Play: [Read more…]
by JC
I still don’t think the second half of 2023 is going to look like the first half.
A lot of things could be different.
Let’s remember, in the back half of 2022 almost every stock and sector was already going up, EXCEPT for Mega-cap growth.
And then in early January, they got the rotation they were looking for, and it became Tech and Growth as the leaders of this Bull Market.
Now that we’re in Month #14 of this Bull Market regime, and we’ve seen several cycles of rotation already, I think it’s time for another one.
First of all, take a look at the Nasdaq100 $QQQ currently running into former resistance from late 2021, that preceded the failed breakout and ensuing collapse: [Read more…]