From the Desk of Kimmy Sokoloff
It’s been a slow grind up and a real tug of war for the indices.
The market seems really tired, but it hasn’t broken down.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s been a slow grind up and a real tug of war for the indices.
The market seems really tired, but it hasn’t broken down.
by David
This is the video recording of the April 19, 2023, Inside Scoop Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
The common theme over the past week has been to grind lower in the morning and then move back up in the indices.
It doesn’t really feel like we’re moving at all.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management.
Cormorant revealed a purchase of roughly $25 million in Ambrx Biopharma $AMAM.
by David
From the Desk of Kimmy Sokoloff
Futures are up nicely this morning, and $SPY is above 415.
We need to hold this level to head up to 421.
by JC
Thanks to everyone who joined us LIVE last night for our Mid-Month Conference Call.
Premium Members can access the video here and download all the slides.
Throughout the call we discussed how we want to continue to profit from this raging bull market in stocks.
The list of participants in this bull keeps getting longer, not shorter. We’re seeing more and more stocks going up, more sectors and more countries around the world participating to the upside. [Read more…]
by JC
This is the video recording of the April 2023 Mid-month Conference Call.
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.