We continue to be on the hunt for premium selling opportunities in this tape. It feels almost irresponsible not to be.
And we’re heading back to a name we trust.
Expert technical analysis of financial markets by JC Parets
We continue to be on the hunt for premium selling opportunities in this tape. It feels almost irresponsible not to be.
And we’re heading back to a name we trust.
by JC
Historically they’re all usually just making a big deal about things that are not a big deal.
It’s their job to make noise. And in some cases, it’s not even their job, humans just like to overreact and make a lot of noise.
As investors, it’s our job to ignore.
We don’t care about their fed policies. We’re not interested in arguing about wars. I don’t care who the president is. And a “bank crisis” is laughable these days, compared to what I had a front row seat to back in 2008.
They make noise. We ignore. It’s that simple.
Late last week when people were panicking, I was right here telling you we wanted to buy stocks.
Why?
Because in bull markets, it pays well to own stocks.
Besides, the Dollar was falling apart. So if stocks were about to collapse and this was 1929 all over again (lol btw), then the Dollar would be ripping.
It was not.
That was the signal. It still is.
If the US Dollar index is below 105, we want to be buying stocks very aggressively. [Read more…]
by David
From the Desk of Kimmy Sokoloff
The market is very erratic right now.
Last night the futures were as high as 3,970, and now we’re back to 3,900.
by JC
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
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
Energy commodities are holding up despite last week’s selling pressure.
No, I’m not talking about natural gas – that rope snapped months ago.
But the rest of the main players – crude oil, heating oil, and gasoline – rebounded heading into the weekend. And when I look at the charts, Friday’s strength might be the beginning of a more sustained advance for energy.
by Ian Culley
It’s the weekly bond edition of What the FICC?
The Silicon Valley Bank $SIVB collapse dominates the week’s headlines.
While risks appear isolated for now, unlike in 2008, the next chart reveals a storm brewing beneath the surface…
by David
From the Desk of Kimmy Sokoloff
Last night, I mentioned support on the $SPX was at 3,873… and we broke below.
I’d like to see $SPY get back above 393.