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.
We got some nice feedback on our top-down scan from last weekend so I think we’ll make it a regular thing.
This is a clear and simple leadership scan, which is why I like it so much.
We are drilling down to a trade idea following the traditional top down approach. It doesn’t get any better than that.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week, Materials is the big standout—jumping two spots in our sector rankings. It’s no surprise. Commodities are on a tear and participation is expanding. This means we should expect more materials stocks to start working. And we’re already seeing it.
Upon digging deeper, we found Metals & Mining stocks have been doing a lot of the heavy lifting for the sector....
Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and there’s always a fresh batch of standout moves worth watching.
Here’s this week’s most notable activity:
The most intriguing insider activity this week came in SharpLink Gaming $SBET.
Both the CEO Rob Phythian and CFO Robert DeLucia filed Form 4s, purchasing a combined $300,000 worth of stock.
This comes as the company pivots away from gambling and toward a digital asset treasury strategy.
Since announcing their shift to an Ethereum-based treasury model, similar to the Bitcoin playbook used by Michael Saylor’s MicroStrategy, the stock has exploded — up over 3,500% in the past two weeks.
The insider buys only reinforce the conviction behind this dramatic corporate transformation. We’ll keep it on our radar and watch to see if this move sticks.
