From the Desk of Kimmy Sokoloff

We're indicating a higher open in the pre-market.

And we're currently above the eight-day moving average on the $SPX at 3,982. 

Director Antonio del Valle Perochena revealed an additional purchase in the regional bank Byline Bancorp $BY.

His most recent purchase was worth $1 million.

Who loves a weaker Dollar the most?

Have you run the numbers?

If you take it back to when the internals of the US Dollar began to deteriorate, you'll quickly see that the correct answer is:

From the Desk of Kimmy Sokoloff

The $SPX ran right into resistance today at 3,980 then pulled back in.

We really need above that level to trend higher. It would be best to also hold onto 3,950 on a closing basis.

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.

From the Desk of Kimmy Sokoloff

Futures are up a bit this morning, but we're still range-bound.

We have data out at 8:30 a.m. ET. We'll see if that has an influence over the market today.

The largest insider transaction on today’s list is a Form 4 filing by Byline Bancorp $BY Director Antonio del Valle Perochena.

Perochena revealed a purchase of BY shares worth $979,055.

In Bull Markets we see more stocks making new highs.

That's just math right?

And when we talk about new highs, you'll often hear people discussing the new 52-week high list.

Until recently, this list was almost non-existent.

So while there's definitely a ton of more action there, we should really be seeing an expansion in new 1-month highs and new 3-month highs.

Crawl before you walk.

If this stock market rally has legs, more new highs is just mathematically necessary for that to occur.

It's a market of stocks.

Here's the 3-month high list on the New York Stock Exchange. An expansion in upside participation will go a long way in proving that, yes, in fact the path of least resistance is higher:

From the Desk of Kimmy Sokoloff

This market is range-bound at the moment. $SPY is stuck between 395 and 390.

The market truly might be waiting for next week for a big move. We've got November CPI on Tuesday and the Fed on Wednesday.

This is the video recording of our December 7, 2022, Inside Scoop Weekly Strategy Session.

The Outperformers.

The Outperformers is our custom-made scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for significant moves.

The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.

The market breadth has definitely improved, but certain stocks are pushing higher on momentum, and we're here to identify just those! This week, we have a stock from the Auto sector making new highs. Let's take a look!