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.
The Minor Leaguers (02-27-2023)
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.
Follow the Flow (02-27-2023)
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.
[Video] Gold Rush: Silver Tells a Cautionary Tale
Silver futures slide to multi-month lows, undercutting a critical shelf of former support.
Regardless, we believe precious metals and their related stocks ultimately resolve higher, printing fresh all-time highs.
But before we can put money behind this bullish thesis, interest rates and the US dollar need to stop rising.
Check it out: [Read more…]
Play It Tight: Safe Conduct as Silver Drops
From the Desk of Ian Culley @IanCulley
Silver futures have undercut a critical shelf of former lows.
I find it difficult to hold a bullish bias for precious metals and mining stocks, at least from a tactical perspective.
And when I zoom out to longer time frames, overhead supply looms large across the entire space.
Understand, I believe precious metals and their related stocks ultimately resolve higher, printing fresh all-time highs.
But before we can put money behind this bullish thesis, these next three charts need to throw it in reverse…
Swing Trader Pro: Afternoon Briefing (02-27-2023)
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.
Swing Trader Pro: Morning Briefing (02-27-2023)
From the Desk of Kimmy Sokoloff
The $SPX had about a hundred-point drop in a span of a week’s time.
It’ll take a bit of proving if this market wants to rally.
[Video] What the FICC?: Ready to Trade Grains?
It’s the weekly commodity edition of What the FICC?
Coffee, cocoa, and OJ are all ripping higher.
So can we extend an underlying bullish thesis for ag commodities to the grain contracts traded on the CBOT?
I don’t think it’s that simple. Regardless, I want to be prepared if and when the Chicago grain markets break out…
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