New highs for $QQQ once again…
There hasn’t been any cooling off for the indices just yet.
We’ll see what this week brings.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
New highs for $QQQ once again…
There hasn’t been any cooling off for the indices just yet.
We’ll see what this week brings.
[12/4: updated stop to 107]
We’ve been talking a lot lately about the number of stocks setting up to play “catch-up” to this bull market that is only just now starting to get the attention it deserves, in spite of it being nearly 8 months old now, by our measures.
Today’s trade is in another one of these setups that continue to work for us ($CAT and $IWM are great, recent examples).
by David
From the Desk of Kimmy Sokoloff
It’s going to be a busy week, with CPI tomorrow and the Fed on Wednesday.
We must be on our toes and trade tactically.
by JC
The new 52-week highs list keeps on getting longer.
You can add the S&P500 ETF $SPY to that list now.
Here’s what that looks like: [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodities are caught in correction mode.
Copper has undercut former support. Crude oil is trading below its former cycle peak. And grain markets can’t catch a bid.
It’s not the most bullish behavior. But remember, price doesn’t travel in a straight line.
On the bright side, most commodity contracts have stopped going down.
And the future will only become brighter for commodity and stock market bulls if buyers continue to bid up this next stock…
by David
From the Desk of Kimmy Sokoloff
It wasn’t the strongest Friday, but $SPY did take out the August high.
Next week will be a big one for data. I still think we can see SPY 422.92 sooner versus later.
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 orignal 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 Ian Culley
From the Desk of Ian Culley @IanCulley
International credit spreads are contracting.
Investors are running from imminent global collapse by reaching for emerging market bonds over risk-free US Treasuries.
Wait, perhaps I heard it wrong.
It could have been a US economic collapse.
Or was it the Chinese yuan replacing the US dollar as the world’s reserve currency?
Honestly, I don’t pay much attention to the doom and gloom. (But I do find it amusing.)
I’m not the only one ignoring the bad vibes.
The markets are also disregarding the fear mongers… [Read more…]