The market was holding steady until a news report took the $SPX down to roughly 3,950.
That news report was later negated, and now we’re back to where we started the day near the 4,000 level.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The market was holding steady until a news report took the $SPX down to roughly 3,950.
That news report was later negated, and now we’re back to where we started the day near the 4,000 level.
by JC
Is there anything more important than the US Dollar?
They keep fighting me on it, but the market keeps proving them wrong.
It’s the Dollar stupid! [Read more…]
by David
There were a handful of extra-large Form 4 purchases reported by insiders and executives yesterday.
At the top of the list is another Form 4 from Matthew Jacobson, who disclosed an additional $20 million purchase in the software stock, Datadog $DDOG.
by David
From the Desk of Kimmy Sokoloff
The market dipped in the last hour or so yesterday, though $SPY managed to close above 395.
We’ve seen a big bounce this morning, and we’re back at the top of the range at 399.
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by David
From the Desk of Kimmy Sokoloff
The indices consolidated most of the day.
And that’s healthy.
by David
From the Desk of Kimmy Sokoloff
Last week was pretty powerful. The indices moved like they were being chased by a bull.
We did hit $SPX 4,000. A slight pause with support at 3,973 would be healthy. Should this level hold, then we can see 4,037.
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.