From the Desk of Kimmy Sokoloff
We just about hit the 4,300 mark on the S&P 500.
A healthy pull-in here would be optimal.
[Premium] Monthly Charts Strategy Session June 2023
This is the video recording of our June 5th Monthly Charts Live Strategy Session
The Minor Leaguers (06-05-2023)
From the Desk of Steve Strazza @Sstrazza
Welcome to The Minor Leaguers.
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 (06-05-2023)
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.
Swing Trader Pro: Afternoon Briefing (06-05-2023)
That was a very slow day, with a healthy contraction in the afternoon.
$SPY is sitting outside the Bollinger band.
I’d think we can see 423 sooner versus later.
Loews SVP Tisch Reports a Large Insider Buy
The largest insider buy on today’s list comes in a Form 4 filing by Ben Tisch, senior vice president of corporate development and strategy at Loews Corporation $L.
Tisch reported a purchase of 330,000 shares, equivalent to $18,781,400.
Swing Trader Pro: Morning Briefing (06-05-2023)
From the Desk of Kimmy Sokoloff
The S&P 500 almost touched the 4,300 mark, and we’re becoming a tad bit extended.
A lot of names that have been dead wood finally started to come to life on Friday.
We’ll see if that continues.
[Video] Fox Business: Bull Market Rotation
Thursday morning I was in New York City chatting with Maria Bartiromo about the ongoing Bull Market in Stocks.
Maria and I have been talking about this topic pretty regularly since she looked at me like I was crazy last October.
A lot has happened since then as both the Nasdaq and S&P500 just closed out back to back months at the highest levels in a year.
The market got the sector rotation it needed as we entered 2023.
And now we’re looking for that rotation back into those original leading sectors off the lows last summer.
I believe we already started to see it get going right after we finished up our conversation Thursday morning.
Here’s the interview in full:
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