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The bears can’t break down Zoom. Despite the structural downtrend and a rough tape for tech over the past few weeks, ZM keeps hanging on. If the stock can reclaim 60, we want to get long and bank on a "scoop n score" back above this shelf of old lows...

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The Ethereum ETF is here!

Let's take a moment to pause, put aside all the noise of information out there, and just return back to what's actually happening in the market.

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Crypto Strategy
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From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular...

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While I was away, volatility had a moment. And it's still hanging at pretty high levels, especially in tech stocks.

In the Technology sector ETF $XLK, we're seeing the highest implied volatility that we've experienced all year:

...

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GE just beat earnings and is trading up slightly in the pre-market. When trading opens today, we expect volatility to come in a lot with this quarter's report now in the rear-view. 

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In today’s Daily Digest, we’ll review the following:

  1. No new positions today.
  2. Rolled XHB position into September.
  3. Exited XLC at...
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They're out there telling me that the stock market is due for a correction this quarter.

But the stock market just had a correction last quarter.

Look at the Equally-weighted Nasdaq100 Index making zero progress since the start...

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ASC Chart of the Day

The most significant insider buy on today's list comes via a 13G filing by Citadel Advisors LLC.

The investment firm reported an initial stake of 5.30% in Sphere...

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From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended July 19, 2024. This report is published...

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From the Desk of Ian Culley @IanCulley

Gold’s failed breakout is testing investor resolve.

But let’s consider last week’s action before unearthing our bullion.

Check out the failed breakout with a bearish momentum...

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From the Desk of Ian Culley @IanCulley

Gold’s failed breakout is testing investor resolve.

But let’s consider last week’s action before unearthing our bouillon.

 

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The Dow Jones Industrial Average just had its highest weekly closing price in history.

Meanwhile, this week we also saw the highest reading of NYSE stocks above their 200 day moving average during this entire bull market.

Do you know...

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ASC Chart of the Day

The most significant insider buy on today's list comes via two separate Form 4 filings by the president and the CEO of The Charles Schwab Corporation $SCHW.

They reported...

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Investors are preparing themselves for the launch of a second wave of crypto ETFs. With Ethereum up over 25% in recent weeks, it's clear the market has positive expectations for these new products.

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Crypto Outlook
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