We've adjusted a position in the Paid-to-Play portfolio today:

Stocks stopped going down a long time ago.

In bear markets stocks go down in price.

In bear markets you get more and more stocks making new lows.

In bear markets the indexes don't keep putting up major gains quarter after quarter.

And so what's been happening in the current market environment?

The most significant insider transaction on today’s list comes in a Form 4 filed by RA Capital Management.

The hedge fund revealed a purchase of roughly $14.7 million of Dice Therapeutics $DICE, increasing its ownership stake to 16%.

The S&P500 is on track to put up another terrific quarter of returns - up over 5% so far for Q1 2023.

And remember, this comes after rallying over 7% in Q4 2022.

These are very impressive results for equities, despite all the gloom and doom they're telling your parents on the evening news.

Funny, as strong as stock market returns have been in America the past 2 quarters, European equities have been exponentially stronger.

The Euro STOXX 50 is up over 13% in Q1. And this comes after a monster quarter in Q4 last year where Europe rallied 25%.

These are some of the greatest stock market returns of all time.

Meanwhile, the glorified gossip columnists are telling you it's a crisis.

You see the difference?

From the Desk of Kimmy Sokoloff

Today is quarter's end, and they surely window-dressed this week. Hey, we might even continue higher from here.

$SPY is nearing next resistance at 405, and after that is 408.

Aha! moments often occur when we are faced with a problem or a situation that requires us to think outside the box. They can happen when we are struggling to find a solution to a problem, and suddenly, a new idea pops into our heads.

Think about the story of Archimedes, who had an Aha! moment when he saw the water in his bathtub overflow. Suddenly, he realized that the volume of an object can be measured by the amount of water it displaces.

Another example of an Aha! moment is when we finally understand a concept that we have been struggling with for a long time. It can be a concept in mathematics, science, or even in our personal lives. For me, they often happen in my world of trading.

In fact, I would argue that a career spent engaged in trading the markets by definition is a...

From the Desk of Ian Culley @IanCulley

Bonds are taking a breather as stocks recover.

Bond market volatility is cooling off as the banking collapses and the March Fed meeting fade from the front page. 

And it appears the volatility has left big unresolved bases in US Treasuries in its wake…

Let’s dive in!

Check out the US 30-year T-Bond futures carving out a multi-month reversal pattern:

If and when it breaks above 132’18, I’m long with an upside objective of 143’00. Simple!

It’s the most attractive setup due to the bullish momentum regime and clean breakout level – two attributes short-duration bonds lack.

Why? 

Volatility increases further down the curve as the bond market anticipates the Fed’s next move. 

Check out the 10-year T-Note futures:

...

We've adjusted a position in the Paid-to-Play portfolio today:

Today's most significant insider transaction report is a Form 4 filing by Ares Management, which revealed a purchase of roughly $26.4 million in Frontier Communications Parent $FYBR.

The hedge fund now owns 36 million shares, which represents an ownership stake of 14.3%.

From the Desk of Kimmy Sokoloff

We're seeing another gap up in the indices today.

I said on Monday that we could see window-dressing before quarter's end, and that's exactly what's going on.

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 journey...

From the Desk of Kimmy Sokoloff

The market is trying to push past the 4,000 level on the $SPX.

If we can manage to hold, there's potential up to 4,039, then 4,050.