From the Desk of Kimmy Sokoloff
Hello March!
With the futures being up this morning, it’s like yesterday’s close didn’t happen.
We must stay on our toes.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Hello March!
With the futures being up this morning, it’s like yesterday’s close didn’t happen.
We must stay on our toes.
by David
This is the video recording of the March 1, 2023, Inside Scoop Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
The market was all over the place today.
And they pushed it lower the last hour of trading.
by David
From the Desk of Kimmy Sokoloff
February, I won’t be sad to see you go!
It’s been a very choppy month, and, as of now, we look to close lower overall for the past 28 days.
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.