From the desk of Willie Delwiche.

The market is enduring a volatile week, finishing out a chaotic month in what has been an unprecedented year.

• Safe havens have offered no safety as cross-asset correlations have turned positive and balanced portfolios are enduring their worst year since the 1930’s.
• This week, underwater explosions have ruptured gas pipelines in the Baltic Sea, while a massive hurricane has crossed from the Gulf of Mexico to the Atlantic Ocean, leaving a trail of devastation in Cuba and Florida. 
• Stocks are now trading at their lowest level in two years and the British pound has sunk to its lowest level in two centuries.

Dismissing all of this as merely challenging seems trite. Acknowledging the difficulty of the environment helps chart a path for moving forward.

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

You see what just a little bit of Dollar weakness does to this market?

I'm telling you. I'm not making this up.

Now here's the thing. Let's remember that extreme volatility IN BOTH DIRECTIONS is commonly found near turning points.

Last time the US Dollar Index had a single day GAIN as large as Friday's was 3/19/20.

Last time the US Dollar Index had a single day LOSS as large as Wednesday's was 3/26/20.

The Dollar Index peaked on 3/20/20. Stocks bottomed the very next trading day on 3/23/20.

Here's a look:

From the Desk of Kimmy Sokoloff

Futures are lower this morning.

Hopefully, we're digesting yesterday's big move in the indices.

For this week's trade, we're Selling the BRKB November 260 Puts Naked

Get the full details, risk management procedures and targets for this trade here:

Just as we’ve been wondering if that was it for Warren Buffett and Occidental Petroleum $OXY, the largest insider buy on today's list is a Form 4 filing by Berkshire Hathaway $BRK.A.

Buffett revealed another purchase in OXY, as he continues to build his position in the energy stock.

Here we are back to the June lows in both the S&P500 and Nasdaq100.

Support held for a few days this week at the same prices that it held 3 months ago:

See what a little dollar weakness can do?

It's hilarious. This little observation is becoming a running gag around here. Because, let's face it, in this tape, a strong dollar has proven to be a significant headwind.

The analysis need not be more complicated than this basic framework.

The simple fact of the matter is that if you're going to make money long equities and cryptocurrencies in the late stages of 2022, you're betting that this dollar strength will ease off.

As long as the dollar remains strong, expect Bitcoin to remain under pressure.

We debuted a new scan recently which goes by the name- All Star Momentum.

All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.

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

What a day, gains of more than 1% for the major indices across the board.

Yesterday, at around 2:45 p.m. ET, I alerted Swing Trader Pro Members in Rangefinder that I bought the $SPY at 363.80. My target was 368. We hit over 372.

Nice move!

From the desk of Willie Delwiche.

Pessimism Not Taking A Bite Out Of Apple

The Fed unleashed a speculative bubble when it cut rates in the second half of 2019. Apple (AAPL), the largest company in the US, led the market higher during the boom and has been resilient as other areas have gone bust. 

The Numbers: Both AAPL and the equal-weight S&P 500 (RSP) are down 20% this year. But while RSP has pulled back to its lowest level since early 2021, Apple is still 14% above its June low. Longer-term, RSP is now only 20% above its mid-2019 level, while AAPL still has a 200% gain over the past 3+ years.  

Why It Matters: Sentiment has turned sour again and talk of capitulation is widespread. Given its  size and gains in recent years, it’s hard to see Apple staying intact if investors have thrown in the towel.

In this week’s Sentiment Report we take a Deeper Look at how the recent price swings have weighed on optimism and how an absence of bulls makes it difficult to have a bull...