From the Desk of Kimmy Sokoloff

Happy Memorial Day, and thank you to our Veterans!

It's Friday, and it's options expiration, so trading is bound to be more difficult today.

From the Desk of Kimmy Sokoloff

This market can easily whip you around.

We have the Nasdaq really doing all the lifting.

There are a lot of negatives under the hood.

The largest insider buy on today's list comes in a Form 4 filing by Baker Bros Advisors LLC.

The hedge fund revealed a purchase of ACADIA Pharmaceuticals Inc $ACAD worth $22 million, increasing its ownership stake to 26.6%.

From the Desk of Kimmy Sokoloff

It's $NVDA's world!

What a stellar earnings report for this company.

But, at the same time, it's a crowded long.

From the Desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).   

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their...

From the Desk of Kimmy Sokoloff

Wild markets today, and $DIA is riding a very fine line here. It's right at its 200-day moving average.

If it falls through, there's potential down to 322.50.

The largest insider buy on today's list comes in a Form 4 filing by the executive chairman of Energy Transfer $ET, Kelcy Warren.

Warren revealed an additional purchase of 750,000 ET shares, worth over $9.5 million.

From the Desk of Kimmy Sokoloff

The indices are gapping lower, and I'm watching to see how $SPY handles its 21-day moving average at 413.10.

I mentioned in the live trading room yesterday that this market has been volatile, and until the debt ceiling gets resolved it could continue.

From the Desk of Kimmy Sokoloff

It was a nice morning and $SPY was trading in a one-point range.

But the clock struck noon and things slowed then rolled over.

The largest insider buy on today's list comes in a Form 4 filing by Dan Wilks, founder of ProFrac Holding Corp $ACDC.

Wilks revealed a purchase of 539,498 shares in ACDC, worth over $6 million.

From the Desk of Kimmy Sokoloff

The indices were pretty whippy yesterday.

I'd expect the same today until debt ceiling negotiations are completed.

The Technology Index made another new 52-week high on Monday.

This is becoming a habit.

Apple carries a huge weighting in that Index.

So as some people get distracted with how Apple's $2.75 Trillion market cap is now bigger than the entire Russell2000 Index, I'm more interested in how quickly Apple can get to $5 Trillion.

I think it can happen pretty soon.

Look at these massive moves in market cap that can happen in a relative short period of time.