From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

But we also highlight lagging stocks on a recurring basis.

Welcome to the Short Report.

From the Desk of Kimmy Sokoloff

What a day.

The indices rallied off of Powell’s speech, and the $SPX crossed the 200-day moving average. The SPX almost closed its gap at 4,083 back on Sept. 12.

We can trend higher into the 4,120 mark in time.

This is the video recording of our November 30, 2022, Inside Scoop Weekly Strategy Session.

The largest insider transaction on today’s list is a Form 4 filing by General Atlantic LP.

The hedge fund reported an additional purchase worth roughly $7 million in HireRight Holdings Corp $HRT.

From the Desk of Kimmy Sokoloff

I think it could be a decision day for the indices, and we're either setting up for a ripper or a decent drop.

The $SPX needs to get above 3,972. If it does, we can see 4,000-plus.

Otherwise, we can see 3,922, then 3,860.

From the Desk of Steve Strazza @Sstrazza 

While there have been some real winners during the recent rally, the run off the lows from this fall has also left many stocks behind.

Value stocks, cyclicals, and blue-chip names have prospered for the past two months, as groups like financials and industrials have been the latest beneficiaries of sector rotation. 

At the same time, mega-cap technology and the most-speculative growth areas of the market have continued to show relative weakness.

To be clear, it’s not like these stocks have been crashing lower while the rest of the market rallies. Of course, many have participated in the upside action.

But, on balance, the performance from growth stocks has been lackluster.

The disparity between the growth-heavy Nasdaq 100 and the value-heavy Dow Jones Industrial Average perfectly illustrates what’s taken place:

From the Desk of Kimmy Sokoloff

Overall, the market acted weak today.

The $SPX remained below its eight-day moving average, which is at 3,972. This index came close to touching support at 3,933.

The co-founder and executive chairman of Energy Transfer $ET, Kelcy Warren, reappears on our list today.

Warren reported an additional buy of roughly $16 million.

From the Desk of Kimmy Sokoloff

Futures are up this morning.

What we want to see if this market is going to head higher is that we get above $SPX 3,977.

Support is at SPX 3,956, then 3,933.

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.

From the desk of Steve Strazza @Sstrazza.

Welcome back to our latest Under The Hood column where we'll cover all the action for the week ended November 25, 2022. This report is published bi-weekly and rotated on-and-off with our Minor Leaguers column.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.

From the Desk of Kimmy Sokoloff

It was a down day for the market. Things felt sleepy, or just a little slow.

People are probably still traveling back from the holiday.