From the Desk of Steve Strazza and Alfonso Depablos
The most significant transaction on today’s list comes in a Form 4 filing by Farhad Nanji, director at RXO Inc $RXO.
Nanji revealed a purchase of 747,424 RXO shares, equivalent to $15 million.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Steve Strazza and Alfonso Depablos
The most significant transaction on today’s list comes in a Form 4 filing by Farhad Nanji, director at RXO Inc $RXO.
Nanji revealed a purchase of 747,424 RXO shares, equivalent to $15 million.
by JC
Market breadth can be a funny thing.
People think it’s easy. People think they can just pull up some indicator and it’s always going to tell them whether market breadth is good or bad.
But that’s not how it works. Some indicators are more valuable in certain environments than others. [Read more…]
by David
From the Desk of Steve Strazza and Alfonso Depablos
The most significant transaction on today’s list comes in a Form 4 filing by Warren Buffett and Berkshire Hathaway.
Buffett and Berkshire reported another substantial purchase in Occidental Petroleum Corp $OXY, this time with a total value of $245 million.
by JC
Another day goes by in the market, and more selling came in.
Investors are making a habit of this whole selling thing.
You notice?
In yesterday’s trading we saw the fewest amount of stocks in longer-term uptrends since mid-December. We also had the fewest stocks in short-term uptrends since mid-November.
You may not see the selling pressure as much at the index level, but for those of you who actually take the time to count what the stocks themselves are doing, you know.
Take a look at the new highs list, essentially non-existent throughout the month of January, even with the S&P500 and Dow hitting the highest levels ever.
You can also see the divergences in Consumer stocks, Small-caps and Emerging Markets currencies:
by JC
This is the video recording of our February 5th Monthly Charts Live Strategy Session
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended February 2, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via Form 4 filings by Warren Buffett and Berkshire Hathaway.
Buffett and Berkshire reported additional purchases in The Liberty SiriusXM Group for a total amount of $55,438,736.
by JC
The market wasted no time starting to sell off in the month of February.
Remember, this is historically one of the worst months of the year to own stocks.
Also, the best 3 month period of the year (Nov-Jan) just came to an end.
So if stocks weren’t selling off, that would be weird. [Read more…]