The most significant transaction on today’s Hot List is a Form 4 filing from Brent Baird.
Baird disclosed a purchase of 11,661 shares of Servotronics Inc $SVT, equivalent to $130,671.
Expert technical analysis of financial markets by JC Parets
by David
The most significant transaction on today’s Hot List is a Form 4 filing from Brent Baird.
Baird disclosed a purchase of 11,661 shares of Servotronics Inc $SVT, equivalent to $130,671.
by David
Today’s Hot List is a short one, as insider activity has cooled with the broader equity market this week.
The only insider transaction was a Form 4 filing by EcoR1 Capital LLC.
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 journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by David
This is the video recording of our January 18, 2023, Inside Scoop Weekly Strategy Session.
by David
Alabama Sen. Tommy Tuberville filed his first Periodic Transaction Report of the year.
Sen. Tuberville disclosed the purchase of Barrick Gold Corporation $GOLD for an amount between $15,000 and $50,000.
by David
The largest insider transaction on today’s list is a Form 4 filing by Abdiel Capital Management LLC, which reported a purchase worth roughly $8.7 million in Appian Corporation $APPN.
The hedge fund now has an ownership stake of nearly 12%.
From the desk of Steve Strazza @Sstrazza
Our Top 10 Charts Report was just published.
In this weekly note, we highlight 10 of the most important charts or themes we’re currently seeing in asset classes around the world.
Bitcoin Bounces Back!
Bitcoin has been on an absolute tear, gaining roughly 25% since last week and booking seven consecutive up-days. Not only is price reclaiming its prior cycle highs from 2017, but momentum (as measured by the 14-day RSI) is registering its highest reading in two years. As shown in the table, price has also reclaimed its 200-day moving average, ending the second longest streak on record spent below it over the course of 2022.
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.