First and foremost, a very happy and healthy New Year to all! Wishing you and your family a year of happiness, health, and prosperity.
That was a nice bounce overall in the market. Hopefully it holds.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
First and foremost, a very happy and healthy New Year to all! Wishing you and your family a year of happiness, health, and prosperity.
That was a nice bounce overall in the market. Hopefully it holds.
by JC
We’re officially half the way through this year’s Santa Claus Rally.
I like to check in on this one as it goes on because of the impact it’s had on past markets. [Read more…]
by JC
It’s a week full of trades!.
There are so many opportunities out there in this stock market that keeps on grinding higher.
The bulls continue to get rewarded throughout the back half of the year and we see no evidence of that slowing down.
Yesterday’s Long Tesla Call is setting up nicely.
Over in our Trading Room, we traded $TSLA from the long side both yesterday and already this morning, successfully both times.
The longer-term trade looks ready to trigger as well.
In the meantime, I bought this Micron $MU that I think also provides us with a favorable risk vs reward opportunity. [Read more…]
by David
Durable Capital Partners makes another appearance on our list, as the hedge fund continues to increase its position in Duolingo $DUOL.
This time, Durable Capital bought a total of $2.4 million worth of DUOL.
by David
From the Desk of Kimmy Sokoloff
I’ve said many times that this market is not for the faint of heart.
The $SPX broke 3,800. Next support is at 3,780, then 3,764. Resistance is at 3,840.
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 Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for the stocks showing 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
From the Desk of Kimmy Sokoloff
The indices dropped all morning long.
Santa has not come to town just yet.
by David
This is the video recording of our December 28, 2022, Inside Scoop Weekly Strategy Session.