I believe we’re in wait-and-see mode until Friday!
It’s a “What Will Jerome Say?” market.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I believe we’re in wait-and-see mode until Friday!
It’s a “What Will Jerome Say?” market.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd.
The hedge fund reported a purchase of 415,751 shares of Impinj Inc, equivalent to $25.2 million. [Read more…]
by David
From the Desk of Kimmy Sokoloff
Some would say this is a big week.
With the Fed’s Jackson Hole Economic Symposium on deck, all eyes will be on Jerome Powell.
Now we need to see if this rally lasts.
If so, $SPY has near-term potential to 441.
by JC
Are we all just going to assume that these consolidations in interest rates are about to resolve higher?
Seems like everyone around me considers this breakout to be foregone conclusion: [Read more…]
by Ian Culley
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 original 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 David
From the Desk of Kimmy Sokoloff
After a volatile week finally Friday is here.
We had a few good trades to end the week. [Read more…]
by David
This is the video recording of the August 18, 2023, Hot Corner Insider Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
Inflation worries, higher yields, and the dollar rising typically spells trouble for equities.
I mentioned in the Live Trading Room yesterday that if the S&P 500 breaks 4,400 we can see 4,370. An overbought market can stay overbought, and an oversold market can stay oversold.
This has been a slow bleed lower. It’s not an easy market to trade, so I tell people to back away or trade very small.
Everyone’s a hero when the market goes up!
They’re starting to hit a lot of names.