From the Desk of Kimmy Sokoloff
So far, every Friday this month the market has traded higher, with strong gains.
Can we make it a fourth Friday rally in a row?
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
So far, every Friday this month the market has traded higher, with strong gains.
Can we make it a fourth Friday rally in a row?
by JC
We like to keep things simple around here.
When there is less supply of something, and more demand for it, the price goes up.
That’s how markets work.
So first it was Warren Buffett aggressively buying shares of Chevron. He now owns over $30 Billion worth.
This has been a very very good trade for us.
Warren Buffett was the smart money. And we listened.
Now this week, you can argue that the even smarter money, the company itself, announced a $75 Billion Buyback.
In other words, with all the money that Chevron is making these days, they believe the best thing they can do with all that cash is to buy their own stock.
And so $CVX is now making new all-time highs, again: [Read more…]
by David
From the Desk of Kimmy Sokoloff
That was a nice pop this morning, with $SPY trading as high as 404.
I put on a long position in SPY last night at 401. So it was a nice and very welcome good-morning gift.
by David
Today’s Hot List is another short one.
The only 13G on our list was filed by Pura Vida Investments LLC, which revealed an initial stake of 5.62% in Quanterix Corporation $QTRX.
by David
From the Desk of Kimmy Sokoloff
The market is back to happy mode.
$SPY is trading above 400, and all is well.
by David
From the Desk of Kimmy Sokoloff
This morning $SPY broke below its 200-day moving average at 395.50 and then managed to come back above it.
It shrugged off $MSFT’s earnings report last night.
I call it the comeback kid!
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as The Hall of Famers, The Minor Leaguers, and The 2 to 100 Club.
We filter these universes for stocks with the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
The largest insider buy on today’s list is a Form 4 filing by RA Capital Management.
The hedge fund reported a purchase of roughly $25 million in Fulcrum Therapeutics Inc $FULC, increasing its ownership stake to 23.8%.