Happy Cinco de Mayo!
It was a Friday, but we closed out the week strong.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Happy Cinco de Mayo!
It was a Friday, but we closed out the week strong.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
by Ian Culley
From the Desk of Ian Culley @IanCulley
It’s getting busy in the commodities space.
Live cattle posted a new all-time high last month. Precious metals are gearing up for a potential rip-roaring rally, as gold retested all-time highs yesterday. And sugar futures refuse to quit.
But when I review my commodity charts, I notice more topping formations underway than bottoming patterns.
Crude oil is front and center as the energy space – commodities and stocks – remains one of the weakest areas of the market.
That’s why yesterday’s action in crude has my full attention…
Options premiums have risen a little bit in recent days due to the fed, earnings, government data, and trader indecision, and [insert your favorite scary story].
Whatever the reason, this feels like a good time and opportunity to add some delta-neutral positions to my portfolio.
So let’s get right to it.
by David
From the Desk of Kimmy Sokoloff
It’s been a long week, and a complete chop-fest at that.
We’ll see if $AAPL has saved the day.
They had no growth, from what the news says.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Fed Chair Jerome Powell has spoken…
And not much has changed. Rates churn sideways as bonds carve out tradeable lows.
The market is simply playing a new verse of the same old song.
But the tempo picks up as another antagonist enters the scene – regional banks!
You might have seen some of my tweets about an impressive trader I met earlier this week. I felt the encounter was too good to keep to myself – so here’s the full story…
I had a truly profound experience at the traders meetup I hosted in Denver on Tuesday night, where I met a new trader who completely blew me away.
Despite only having about a year of experience trading real money, this young man in his early 30s had a depth of knowledge and understanding that was truly remarkable. He carried with him a notebook filled with detailed market observations, trading strategies, post-mortems on trades, and more. No detail was left unnoticed, and his passion for trading was evident in everything he said.
What was even more impressive was his humility. He was incredibly smart, but he didn’t flaunt his intelligence or try to impress anyone with his knowledge. Instead, he was genuinely curious about trading and had a thirst for knowledge that was inspiring to see.
As I got to know him better, I learned more about his background. He didn’t come from the usual places where successful traders are born. He grew up in rural Mississippi and then spent his formative years on the south side of Chicago. Yet despite facing numerous challenges and setbacks in his life, he never lost his drive to succeed. [Read more…]
by David
From the Desk of Kimmy Sokoloff
What a wild day in the markets…
I think we just need to get $AAPL’s earnings out of the way.