It appears to me the broader markets have declared their intention to rally this summer. As such, I want to be positioned to take advantage.

And what better way to position for a summer rally than in a company with exposure to solar energy projects?

I love it when the stars align.

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

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

The largest insider buy on today's list comes in a Form 4 filing by Ben Tisch, senior vice president of corporate development and strategy at Loews Corporation $L.

Tisch reported a purchase of 330,000 shares, equivalent to $18,781,400.

From the Desk of Kimmy Sokoloff

The S&P 500 almost touched the 4,300 mark, and we're becoming a tad bit extended.

A lot of names that have been dead wood finally started to come to life on Friday.

We'll see if that continues.

Thursday morning I was in New York City chatting with Maria Bartiromo about the ongoing Bull Market in Stocks.

Maria and I have been talking about this topic pretty regularly since she looked at me like I was crazy last October.

A lot has happened since then as both the Nasdaq and S&P500 just closed out back to back months at the highest levels in a year.

The market got the sector rotation it needed as we entered 2023.

And now we're looking for that rotation back into those original leading sectors off the lows last summer.

I believe we already started to see it get going right after we finished up our conversation Thursday morning.

Here's the interview in full:

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

Last year they would complain that the biggest growth stocks were not participating in the stock market rally.

This year they're complaining that the biggest growth stocks are participating too much in the stock market rally.

It's quite obvious that people just like to complain.

We've already addressed the fact that this is perfectly normal, healthy sector rotation, and NOT a weakening breadth issue.

See here.

Periods of concentrated leadership do not necessarily mean widespread distribution.

Besides, it hasn't just been 5 stocks that have been going up. Or 7 stocks, or even 10.

A lot of stocks, in both the U.S. and around the world, have already been going up for some time.

In fact, the All Country World Index just went out at new 52-week highs:

From the Desk of Ian Culley @IanCulley

Commodities are on the rocks.

Our Equal-Weight 33 Commodity Index is printing fresh two-year lows. Crude oil is hanging around the lower bounds of a multi-month consolidation. And Dr. Copper is loitering below former support.

This isn’t bull market behavior.

But just as the stock market is a market of stocks, the commodity market is a market of, well, a diverse set of commodities.  

So, while I don’t want to buy many high-profile procyclical contracts – and certainly not the commodity indexes – I do like the more obscure areas showing strength…

Areas such as uranium!

I outlined my case for uranium stocks at the start of the year. It was pretty simple: If gold and copper are printing fresh highs, peripheral areas likely enjoy a bid. That includes uranium.

From the Desk of Kimmy Sokoloff

The S&P 500 is nearing the 4,300 level -- June is starting out very strong.

The question is, will it last?

I'll trade the ideas and stick to certain themes I have.

Always remember, shorts are VERY hard. Most should never short. Know your risk.

[12/4: updated stop to 250]

It feels like whatever items have been holding the broader markets back are falling by the wayside one by one, clearing the path to the next leg higher in this bull market.

And with volatility (as measured by $VIX) making new yearly lows, it's getting more affordable to make a bullish play with simple long call option trades.

So we're going to do just that!