The largest insider buy on today’s list comes in a Form 4 filing by the president and CEO of CarMax, Inc $KMX, William D. Nash.
Nash disclosed a $501,255 purchase of KMX shares.
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 the president and CEO of CarMax, Inc $KMX, William D. Nash.
Nash disclosed a $501,255 purchase of KMX shares.
by David
From the Desk of Kimmy Sokoloff
S&P futures are indicating at the 3,850 mark.
We need to maintain that level in order for this index to head higher.
by JC
This is the video recording of our January 3rd Monthly Charts Live Strategy Session
by David
From the Desk of Kimmy Sokoloff
We saw a nice pop in the morning and then a hard fade pretty much right after the market opened. Feels like a repeat of last year.
The market did try to hang on to the $SPX 3,800 level most of the day. It’s all about this level right now; a true break below and we can see 3,780.
We need back above 3,840 for a rally higher.
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 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.
The goal is to catch the strongest names while they’re still 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 David
From the Desk of Kimmy Sokoloff
Happy New Year, and welcome to 2023!
What I try to do at the start of the year is to not allow my bias cloud my judgment. I try to stay focused on price and let the market guide me. I’m not overly bullish. But I will let the market tell the story, and I will follow along.
The market is the leader, and I’m just the follower.
So, as they say, let the journey begin.
by David
The most notable insider activity on today’s list came in separate Form 4 filings by the CEO and one of the directors of B. Riley Financial $RILY.
Over $900,000 worth of stock purchases were reported by the two insiders.