This week will be an opportunity for me to practice the art of giving up control. It will also be an incredible opportunity to practice acceptance and patience.

The market is open and I’m typing this piece while traveling 30,000 feet above Midwestern corn fields en route to New York City.

Thankfully, I’ve got internet access on the plane and can keep tabs on the market and my positions. But it’s not perfect. Anyone who’s tried to work with airplane WiFi knows it isn’t always as reliable as we’d like it to be.

I’m headed to NYC to reconnect with the All Star Charts team, celebrate our friend Brian Shannon in honor of his recent book release, and attend the Chartered Market Technician’s 50th Annual Symposium.

All week, I’ll be gathering with some of the smartest market minds, driven traders, and portfolio managers around. I’m hoping to...

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

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 Monday May 1st @ 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 Monday evening:

From the Desk of Kimmy Sokoloff

Two heavyweights reported earnings yesterday and, as of now, $MSFT came out on top.

Now lets see if it holds on to the gains. 

The largest insider buy on today’s list comes in a Form 4 filing by Texas Capital Bancshares $TCBI director Robert W. Stallings.

Stallings reported a purchase of roughly $1 million of TCBI stock.

From the Desk of Ian Culley @IanCulley

"Rates, the US dollar, crude oil, and the S&P 500... repeat!"

These charts swirl atop every investor’s mind as markets await the upcoming rate hike decision.

Meanwhile, it’s messy!

The S&P 500 challenges the upper bounds of a multi-month range. The US dollar and interest rates chop sideways. And crude oil remains resilient despite increased selling pressure.

But not all markets are trapped in a trading range right now. In fact, there’s one forex cross breaking down, suggesting lower yields and cheaper crude oil…

It's the nokkie-stocky, the Norwegian krone and the Swedish krone!

Check out the triple-pane chart of the US 1o-year yield, crude oil futures, and the NOK/SEK cross:

I want to note up front that I used semi-log scale for the US 10-year yield chart. The reason: consistency, as the other two charts are in semi-log, and to present the data in the cleanest possible way.

I did not adjust the scaling to fit a trendline on the 10-year chart!...

From the Desk of Kimmy Sokoloff

Today was the first real breakdown for the indices, with $IWM leading the way.

For $SPY and $QQQ it was the first real break below their respective 21-day moving averages.

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

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 comes in a Form 4 filing by Ares Management.

Ares revealed a purchase of roughly $4.1 million in Frontier Communications Parent $FYBR.

From the Desk of Kimmy Sokoloff

This market is completely stuck in a range, and we haven't been able to get out of it for at least two weeks.

This morning the indices are back near yesterday’s low.

From the Desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to...