We're seeing a lot of follow thru in names that have been highlighted in previous Under the Hood reports. After a brief shakeout, many of these names are back above our levels of interest and are beginning to work (Pinterest $PINS is one brightly shining example!).
The latest one that has the most appealing setup to me is Datadog $DDOG from the SaaS space.
I was chatting backchannel with our analyst Steve Strazza today and he brought this chart to my attention:
Look at those two failed breakdowns below support! And now, it's looking like it is getting pretty serious about breaking the magic one-hundred-dollar line and following through significantly higher.
Steve and I both agree that $120/share looks like a reasonable price target if the "momo crowd" gets a hold of this dog.
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy,Sell, or Do Nothing?
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we're watching in order to profit in the weeks and months ahead.
Our last RPP report took a deep look at the damage endured by the most important assets in the world during the recent selloff.
We held this report back a few days this week because the S&P just broke beneath our risk level and was in correction territory, down roughly 10% from its highs intraday on Monday. We wanted to see how things would shake out, and we're glad we did. Let's talk about it.
While many areas have held up quite well and are showing signs of a near-...
This week we got another one, with a failed breakout in the Nifty Small-Cap Index. Let's take a look at what has happened, what it means, and how we're approaching it.
Here's the Nifty Small-Cap 100 Index chart we shared with members in our Sunday evening post discussing three charts for the week ahead. What we noted was that it was the only major nifty index to make new marginal highs last week, while the Nifty 50, Nifty, Nifty Next 50, and Mid-Cap 100 all made lower highs.
Welcome to this week’s edition of Louis’ Look, where I share the lessons I’m learning while interning at All Star Charts. You can read the previous post here. Today, I want to touch on how the small elements are the most powerful, particularly in markets.
This weekend, I managed to catch a clear night to go out with my telescope to hunt down the stunning Orion Nebula and Andromeda galaxy, located a mind-blowing two and a half million light-years away. When I found them, they were lying in an empty and devoid section of the night sky.
A tiny sliver of darkness was hiding a sea of beauty and information.
As intense as that may sound, the market is in no way different.
Looking at the financial industry from the outside as an intern, I see people concentrating a disproportionate amount of time on FANG headlines, the recent Nikola gossip, and SPAC drama at the...
This week on the show, Strazza and I chat with Howard Lindzon as we continue thinking through our "2 to 100" List and how to best set our parameters. Remember, we're looking for the next $100 Billion companies.
We already have industry filters, momentum & relative strength, market capitalization and now we're working in some social sentiment to really give this list some juice. These things are always a work in progress, so I hope this gives you some insight as to how we think through our ideas and have a little fun along the way.
In a recent Under the Hood piece, we highlighted a software name that is breaking out of a major base and happens to be in the news -- which has the social medias chirping.
Price action today is giving us a good opportunity to get in on a pullback for an opportunistic bet for potentially uncapped gains.
Welcome to our "Under The Hood" column for the week ended September 18, 2020.
What we do 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.
Whether we're measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers... there is a lot of overlap.
The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we're producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.
Here is this week's list of the most popular stocks. Now, let's see what's...
We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
Everyone is used to complaining about how large-cap tech stocks are the leaders of this market.
I think there could be something new for them complain about.
You see, last time the Russell 2000 Small-cap Index was at these levels relative to the Large-cap Nasdaq 100 Index, Small-cap stocks went on a historic run, particularly relative to those large-caps.
It started exactly 20 years ago, from the exact price we're at today.