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ValueAct Buys More Insight Shares

June 1, 2022

The largest insider buy on today’s list comes in a Form 4 filing by ValueAct Capital.

It reveals an additional purchase of roughly $7.8 million in Insight Enterprises $NSIT, as ValueAct continues to increase its position in the tech stock.

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The Mexican Peso Packs a Punch

May 31, 2022

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

The US dollar is on the ropes as global currencies bounce back.

After failing to hold its breakout earlier in the month, the USD looks vulnerable against a growing number of currencies.

The pound and euro are catching higher. The Swiss franc is rebounding off its recent lows. And the commodity-centric Australian and Canadian dollars remain resilient.

We can add the Mexican peso to this list, as the USD/MXN cross broke down to fresh 52-week lows yesterday. This breakdown supports the near-term bearish argument for the dollar.

And it also offers a great trade setup. 

Let’s take a look.

Here’s a chart of the USD/MXN pair:

While the Mexican peso has chopped sideways since late 2020, we believe the trend is shifting to the downside.

Last week, prices punctured the range lows as the USD/MXN hit...

[PLUS] Weekly Market Notes & Breadth Trends

May 31, 2022
From the desk of Willie Delwiche.

Key Takeaway:

  • After bounce, trend environment still trying.
  • Health of the economy hinges on the desire and ability of consumers to spend.
  • Risk On case needs to prove its point.
At one level it is easy to be enamored with last week’s rally. It was the best weekly gain for the S&P 500 since November 2020 and for only the fifth time in the past decade, all 72 industry groups in the S&P 1500 (24 large-cap, 24 mid-cap and 24 small-cap) were up on the week. Curiously, all five of those times have come in the wake of the COVID lows. But despite those impressive price gains, the risk off environment remains intact. The trend in the NASDAQ 100 is under the most pressure it has dealt with since the Financial Crisis. The same can be said for the passive portfolios that many investors seem to think only...
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[Premium] Details For June 2022 Monthly Strategy Session

May 31, 2022

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Thursday June 2nd @ 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 Thursday evening:

Soros Sees Something in indie Semiconductor

May 31, 2022

Last week, George Soros filed a 13G revealing the purchase of 9,425,000 shares of the small-cap automotive semiconductor company indie Semiconductor $INDI.

This brings Soros Fund Management's total interest to 9.20%, making it the largest shareholder of the company.

Chart of the Day: 9 Weeks in a row....

May 31, 2022

The magazine cover on the left, describing how Bitcoin was "Storming Wall Street" came just a few weeks before Bitcoin put in a historic top in late 2017. Immediately after this cover story, Bitcoin went on to have one of the most epic crashes of all time.

Investors got wiped out right after the one on the left.

And now here we are after Bitcoin got cut in half, and many of the altcoins are down 70-80% if not more.

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Resigned Patience

May 31, 2022

There's no denying that the market action over the last month has been hectic.

From the collapse of Terra $LUNA to the crash in governance tokens, not to mention the macro headwinds that have played their role in crypto markets.

With all this noise, let's zoom out and focus on how we're viewing the current situation.