The next new position in our Paid-to-Play portfolio is:

The largest insider transaction on today’s Hot List is a Form 4 filing by the co-founder of Coinbase $COIN, Fred Ehrsam.

Ehrsam revealed the purchase of 810,000 shares of COIN, equivalent to $50 million.

From the Desk of Kimmy Sokoloff

This sideways action in the market is tiring.

We do find setups, but I haven't been enthused with most of them.

These are the registration details for our Live Mid-month Conference Call for Premium Members of All Star Charts.

Our Live Call will be held on Tuesday May 16th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday night:

From the Desk of Kimmy Sokoloff

It was Chop City for the market today.

It will likely pick a direction soon. 

Bonds are catching a bid as a risk-off tone plays across the market. 

Aside from intraday knee-jerks in price, not much has changed. Rates and the US dollar remain range-bound. US Treasuries have yet to provide a definitive buy signal.

And the S&P 500 continues to contend with overhead supply at the 4,200 level.

It’s a chop fest.

But one data point has changed in recent sessions – the probability of a rate cut or a rate hike next month based on the fed funds futures…

Check out last Thursday’s probabilities after the FOMC raised the overnight rate by 25 basis points:

The futures market was pricing an 8.9% chance of a rate cut in June with a 91.1% chance of a pause in the hiking cycle.

Today, the conviction of a pause has only strengthened since the April CPI data release (now 98.5%).

Here’s a look at the probabilities after the April CPI print...

The next new position in our Paid-to-Play portfolio is:

Small-cap stocks are back down to where they bottomed out last summer.

Can they do it again?

I believe they can, and that's the bet that we're making.

Check out: It's Now Or Never and also We're Buying Small-caps

Here's what the Russell2000 Index ETF looks like:

The largest insider transaction on today’s Hot List is a Form 4 filing by Pulse Biosciences $PLSE director Robert W. Duggan.

Duggan reported a purchase worth roughly $65 million in PLSE.

From the Desk of Kimmy Sokoloff

It's just like Tuesday...

With PPI coming up at 8:30 a.m. ET, I'm going to hold off on sharing ideas until I see how the market reacts.

From the Desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).   

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their...

From the Desk of Kimmy Sokoloff

What a day...

$SPY came close to the 415 level I mentioned this morning and then traded below 410.

The recovery was quick due to tech bouncing.