The most significant transaction on today’s Hot List is a Form 4 filing from Brent Baird.
Baird disclosed a purchase of 11,661 shares of Servotronics Inc $SVT, equivalent to $130,671.
Expert technical analysis of financial markets by JC Parets
by David
The most significant transaction on today’s Hot List is a Form 4 filing from Brent Baird.
Baird disclosed a purchase of 11,661 shares of Servotronics Inc $SVT, equivalent to $130,671.
by David
From the Desk of Kimmy Sokoloff
Currently, $SPY is in a trading range between 391.20 and 386.
We can base more before the next move occurs.
by JC
This is the recording from the live January 2023 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframes. We want to look at Large-caps, Small-caps, and everything in between before getting into the Sector and Industries themselves like Energy, Banks, and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full:
by JC
A funny thing happened last summer.
Financials as a sector successfully retested the highs in price from just before the start of the Great Financial Crisis.
Look at the 2007 peak in Financials. After testing that level and failing in 2018 and 2020, prices ultimately broke out.
Last summer was the retest.
Former Resistance turned into Support: [Read more…]
by David
From the Desk of Kimmy Sokoloff
It was very whippy price action today in individual names.
We saw a lot of stop outs in the morning, then some recovery later on.
by David
From the Desk of Kimmy Sokoloff
As of this morning we filled a gap on $SPY at 390.65.
If we continue to stay below 390, there’s potential to see 386.
by David
Today’s Hot List is a short one, as insider activity has cooled with the broader equity market this week.
The only insider transaction was a Form 4 filing by EcoR1 Capital LLC.
by JC
The underperformance out of U.S. Large-cap Growth indexes continues.
It’s not the stock market’s fault that the S&P500 has way too much exposure to large-cap growth.
And when we talk about “the stock market”, there are countries outside of the United States that continue to shine.
Today’s Chart of the Day shows the S&P500 hitting new 52-week lows relative to Developed Countries outside of North America: [Read more…]