The largest insider buy on today’s list comes in a Form 4 filing by Kelcy Warren, co-founder and executive chairman of Energy Transfer $ET.
Warren reported an additional purchase, this one worth $21.6 million.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider buy on today’s list comes in a Form 4 filing by Kelcy Warren, co-founder and executive chairman of Energy Transfer $ET.
Warren reported an additional purchase, this one worth $21.6 million.
by Ian Culley
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 new highs in order to focus on the best players.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.
The goal is still to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
by Ian Culley
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 the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by David
From the Desk of Kimmy Sokoloff
We saw a nice gap up on the $SPX today, but we weren’t able to hold on to 4,000 or 4,017.
The market decided to close the gap down, which is all fine and well. But I’d like roughly that area held at 3,980 or so.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Kelcy Warren, co-founder and executive chairman of Energy Transfer $ET.
Warren reported a purchase of roughly $17 million.
by David
From the Desk of Kimmy Sokoloff
The $SPX had about a hundred-point drop in a span of a week’s time.
It’ll take a bit of proving if this market wants to rally.
by JC
In some market environments Technology, and other sectors full of growth stocks, tend to outperform.
Usually interest rates are falling in that type of market.
You got a good dose of that for about decade.
US Stocks were the global leaders while Europe and other parts of the world, without that exposure to growth, made little progress.
And now with interest rates rising, other sectors have emerged as leaders. Industrials, for example.
This is all perfectly normal for this type of environment. We’ve seen it before, and to expect anything else would be irresponsible.
There was a time where Tech stocks were the leadership group.
That time is behind us.
You could wish and pray and hope that it becomes that environment once again.
Or you can live in reality.
That’s up to you.
Look at Materials, for example, holding above all that former support from the past couple years. If $XLB is above 80, this is sector we need to own: [Read more…]
From the Desk of Steve Strazza @Sstrazza
Earlier this week we held our February Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!