From the Desk of Kimmy Sokoloff
For today, we’ll watch to see how $SPY handles the eight-day moving average 409.
I think tomorrow’s CPI print will set the stage for the remainder of the month.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
For today, we’ll watch to see how $SPY handles the eight-day moving average 409.
I think tomorrow’s CPI print will set the stage for the remainder of the month.
by JC
Did you see what the haters over at The Economist published last week?
Most of you have been around for a while so you already know.
But if you’re new here to Allstarcharts, let’s just say we do very well consistently taking the other side of this publication.
Few contrarian indicators are as reliable as The Economist: [Read more…]
by JC
Remember last year when everyone was bearish?
And I mean everyone!
It was funny, there I was telling people it was a new bull market, because we actually do the work around here, but investors weren’t buying it.
In fact, we saw 44 consecutive weeks of more bears than bulls among individual investors. This was an even longer streak than we saw during the Financial crisis. Longer than COVID.
People were really angry.
You can see the AAII Bulls and Bears, along with their consecutive streaks plotted below: [Read more…]
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 which you can check out here.
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 David
From the Desk of Kimmy Sokoloff
The market was range-bound today. $SPY traded between 405 and 408.
We have CPI on Tuesday, so that will help the market pick a direction.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Bryant R. Riley, the chairman and CEO of B. Riley Financial $RILY.
Riley reported a purchase of $5.4 million worth of RILY stock.
by David
From the Desk of Kimmy Sokoloff
I’ll say this again, as I say it in the live trading room often: In a great bull market, you don’t see this level of volatility.
This is not to say we can’t come out of this chop and slop. But, at the moment, we’re still in the vortex.