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

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

The largest insider transaction on today's list was reported in a Form 4 filing by Matthew Jacobson, an independent director of Datadog $DDOG.

Jacobson reported a substantial purchase worth roughly $50 million.

From the Desk of Kimmy Sokoloff

CPI data for September was released on October 13 -- the turning point for the market. We trended higher the rest of the month after that news.

Will today's release of CPI data for October (8:30 a.m. ET) be a turning point where we trend lower? Do we bounce, even temporarily? It's anybody's guess.

Welcome to the 2 to 100 Club.

We use various bottom-up tools and scans internally to complement our top-down approach. 

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 are only interested in 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 to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on...

From the Desk of Kimmy Sokoloff

It was a rough one for the market today.

Tomorrow's release of CPI data for October (8:30 a.m. ET) is dragging on things.

From the desk of Willie Delwiche.

The number of issues that traded on the NASDAQ in any given week just prior to COVID was somewhere around 3500. Last week 5500 issues traded on the NASDAQ.   

Why It Matters: The number of issues trading on the NASDAQ topped out at over 6000 in 1997. By the time the NASDAQ 100 peaked in 2000, this number was already approaching 5000. As that bubble burst, the number of issues traded on the NASDAQ collapsed (dropping to 3500 by the end of 2003). Listings declined further during the Financial Crisis. The Technology sector has led the way lower in the current bear market and many former higher flyers are trading at pennies on the dollar. But listings on the NASDAQ have actually expanded since the index peaked nearly a year ago. It’s hard to think about the market healing when defunct companies haven’t yet been shown the door.  

In this week’s Sentiment Report we take a closer look at how options traders are feeling and what it might take from a sentiment perspective for the stocks...

“Why do you rob banks?” authorities asked notorious bank thief Willie Sutton.

His response: “Because that’s where the money is.”

We're not planning on robbing anybody, but if today's trade plays out like we think it can, it might feel like we're stealing. Only, we won't need to worry about the authorities coming after us, nor will we need to feel bad about it.

Our Analyst Willie Delwiche says that a basic requirement for many bullish ideas right now is that any stock or ETF in question needs to be above August highs. Anything below August highs is subject to a rude reversal. I'm on board with this line of thinking.

So, today's trade is in an American bank that is above its August high and showing signs of wanting more.

We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

This week we're looking at a stock from the Leisure sector.

Wow.

What can I say?

This is the most chaotic turn of events I've experienced being involved with crypto. For those who somehow missed what's happening, here are the brief details...

One of the largest crypto exchanges on the planet, FTX, has experienced a significant liquidity crunch. As a result, Binance has entered into a non-binding agreement to acquire FTX, helping to cover the liquidity crunch.

Any and all funds held on FTX are now gone.

It's the biggest blow-up in the industry's history.

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