That was a healthy contraction today.
I would think we still need more of a pull-in, but time will tell.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
That was a healthy contraction today.
I would think we still need more of a pull-in, but time will tell.
by JC
Asset prices trend.
We know this.
We all have the data.
Just because some (most) investors choose to ignore it, doesn’t mean that moves in stock prices are random.
They’re not.
Stock prices trend.
It’s just math. Or science maybe. Or both, I don’t know.
But they do trend. This we know is a fact.
And since last June, the majority of stocks have been appreciating in price. And very few stocks have been falling in price, to the point where there are almost no stocks that are still falling.
So if stocks were not going up in price in this environment, that would be really weird. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Another gap higher this morning for the indices.
We might hit $SPY 421 quicker than thought if we keep up this pace.
by JC
This is the video recording of our April 3rd Monthly Charts Live Strategy Session
by Ian Culley
Gold finished the month within ten dollars of a new all-time high on a monthly closing basis.
It’s an impressive feat by any standards, but even more so considering March is the weakest month of the year from a seasonal perspective.
With Gold futures bucking seasonal weakness and Silver futures and mining stocks bid, investors are sending a clear message to gold bugs everywhere…
It’s time to party! [Read more…]
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 Ian Culley
From the Desk of Ian Culley @IanCulley
I thought March was supposed to be a seasonally weak period for gold.
I guess I was wrong.
Instead of rolling over, gold almost posted double-digit returns last month, while the higher beta plays (silver futures and mining stocks) soared.
As you might expect, many of the bullish trade ideas I laid out last month are working.
And, today, I have two new setups for you to check out…
by David
From the Desk of Kimmy Sokoloff
It was a slow day for the market, and then, late in the day, we started to ramp higher.
I’d think $QQQ would take a breather soon, as this index is the most extended.