Steve Strazza brings a unique perspective to the world of Technical Analysis due to his diverse background. Steve found an affinity for financial markets during his first job out of college as a big-4 CPA auditing some of Wall Street’s largest broker-dealers, such as Interactive Brokers and Morgan Stanley. Steve then worked in the Asset Management industry in a variety of roles including Controller for a private equity start-up, Fund Accountant at two large hedge funds, and most notably as a personal Accountant for Steve Cohen at SAC Capital and Point72. Steve has spent recent years writing as an Independent Research Analyst while working on a variety of Fintech projects for companies such as the TradeXchange and Deloitte & Touche. He also continues to practice part-time at his father’s CPA firm. Naturally, Steve began his research career using the financial statement analysis skills he gained as an accountant. After learning the flaws of fundamental analysis first-hand through his research career as well as his experience auditing public companies, he transitioned his investing style to focus primarily on price action. Steve holds an MBA from Fairfield University and is currently pursuing his CMT designation as a level 3 candidate.
For Wall Street veteran Jared Dillian, getting away from Wall Street might have been the best thing he ever did for himself.
Now living in South Carolina, he can’t be further removed from the lifestyle of your typical Wall Streeter. And he’d have it no other way, as he’s convinced Wall Street took at least 10 years off of his life expectancy.
As Jared says, his stress levels are now “basically zero.”
Milton Marmanides does the hard work that traders don’t have the time to do. He sifts through the firehose of headlines, news releases, data points, and social media to cut through the noise and deliver only the market-moving information active traders need to make smarter decisions.
And in his nearly 25 years in the business, first as a trader, and now as a market data provider, he’s seen a lot.
They are only losses if we don’t learn something from the experience.
When traders woke up on Monday, August 5th to the VIX at 65 and the Nasdaq index down 5% overnight, they didn’t need a cup of coffee to snap into high alert.
The easy first question to ask was: “What happened?”
The most significant insider transaction of the day was disclosed in a 13G by Jennison Associates LLC. The investment company reported an initial 10.40% stake in Phathom Pharmaceuticals $PHAT.
Jennison manages approximately $194 billion in assets across diverse portfolios.
They invest in high-growth areas like biotechnology. And when they make a big splash like this, it’s worth paying attention to.
As you can see, PHAT is resolving higher from a bearish-to-bullish reversal pattern:
With everyone trying to find a cute election trade, my plan is to keep doing what I always do.
Whether it is Trump or Harris come Tuesday night… or even some sort of contested, disaster scenario… I want to be positioned with the primary trend.
The best piece of advice for investors right now is that reactions to political events - like reactions to most events, tend to occur in the direction of the underlying trend.
In other words, once the election volatility comes and goes… I bet the same trends remain in place.
Things that have already been trending higher will probably keep heading higher.
And things that have been trending lower will probably keep falling.
Elections happen. Presidents come and go. But trends persist.
One of the big trends we’ve been riding higher this year is the bull market in precious metals.
We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
