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

The largest insider transaction on today’s list comes in a Form 4 filing by SoftBank Vision Fund entity SVF II SPAC Investment 3 (DE) LLC.

SVF reported the purchase of 17,825,312 shares of Symbotic Inc $SYM, equivalent to $500 million.

From the Desk of Kimmy Sokoloff

Today's the day: Will the Fed raise rates for one last time this year?

We'll see at 2:00 p.m. ET.

$GOOGL had a nice move after hours.

From the Desk of Ian Culley @IanCulley

The US dollar isn’t going down without a fight.

Investors weren’t given much time to celebrate the breakdown as it quickly turned into a potential failed breakdown. 

Before we get ahead of ourselves, it could simply turn into a hard retest.

It happens all the time.

So let’s check the charts…

The US Dollar Index $DXY is trading back above a critical shelf of former lows:

As long as it’s above that level – let’s call it 101 – the odds of a failed move increase.

On the other hand, price could chop sideways for longer than anyone cares to believe.

It’s a real possibility, especially when zooming out on the daily chart:

...

From the Desk of Kimmy Sokoloff

We had decent movement in the indices today.

We'll see how $GOOGL does after the close.

The indices are flagging, but I think it all depends on tonight.

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

The largest insider buy on today’s list comes in a Form 4 filing by the former chairman of FB Financial Corporation $FBK, James W. Ayers.

Ayers revealed a purchase of 12,000 FBK shares, equivalent to $393,600.

Here's something you don't see every day.

European Financials hitting new 52-week highs?

From the Desk of Kimmy Sokoloff

$GOOGL kicks off Big Tech earnings tonight.

We'll see if this name is a precursor for other tech names.

From the Desk of Ian Culley @IanCulley

Here comes the Fed.

Another FOMC decision is upon us.

But the market has the central bank’s number this time, or so it seems.

The fed fund futures are pricing in an almost certain chance we’ll see a 25-basis-point rate hike come Wednesday.

With general consensus running at all-time highs, the focus will shift toward Jerome Powell’s words, basically the Fed’s forward guidance.

I won’t tune in to that press conference.

What I will do is monitor price.

When it comes to precious metals I’m following absolute trends, as usual, but I’m also tracking these two critical relative trends…

From the Desk of Kimmy Sokoloff

The market is kind of drifting and seems to be in an indecision mode.

This week could be tough trading with earnings and the Fed.

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...