Expert technical analysis of financial markets by JC Parets
by JC
You want to talk about broadening participation in this bull market?
Here you go.
This week we saw more countries around the world hitting new 52-week highs than we’ve seen in years.
This isn’t just a Tech thing. This isn’t even just a U.S. thing.
This is a stocks thing, as stocks all over the world continue to march higher. [Read more…]
From the Desk of Steve Strazza @Sstrazza
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 Uber and Crowdstrike.
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. Click here to check it out.
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 Steve Strazza and Alfonso Depablos
The only insider buy on today’s list comes via a Form 4 filing by Entrada Therapeutics Inc $TRDA director Peter S. Kim.
Kim reported the acquisition of 25,000 shares, equivalent to $364,672, in the small-cap biotech company.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via a Form 4 filing by Lorenzo Joseph Fertitta, vice president of Red Rock Resorts $RRR.
Fertitta reported a purchase of 800,000 RRR shares, equivalent to $40 million.
by JC
Stock prices don’t go straight up, even during bull markets.
Corrections are a normal phenomenon.
Messy market environments are perfectly normal too.
And that’s exactly what we’ve seen.
To be clear, corrections and messy market environments for several months at a time do not change the fact that it’s still a bull market.
We’ve been in a bull market for almost 2 years. That hasn’t changed.
The bigger question is whether this bull market is now ready to resume? Or is more churning, sector rotation and further sentiment adjustment still necessary? [Read more…]
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 stocks that are exhibiting 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 JC
S&P500 New All-time Highs
Nasdaq Composite New All-time Highs
NYSE Composite New All-time Highs
Dow Jones Industrial Average New All-time Highs
Are you noticing a trend?
And it’s not just 7 stocks either.
Actually the Russell3000 Index just hit New All-time Highs as well. This index represents approximately 98% of all investable assets in the U.S. Equities market.
Here it is breaking records before your very eyes: [Read more…]
by JC
This is the video recording of the May 2024 Mid-month Conference Call.
