This is the video recording of the March 29, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

The market isn't mustering up the power to trend higher just yet.

I'd like $SPY to hold 392 and hopefully break above 400 in time.

The most significant insider transaction on today’s list comes in a Form 4 filed by RA Capital Management.

The hedge fund revealed a purchase of roughly $13.4 million of Dice Therapeutics $DICE, increasing its ownership stake to 14.3%.

From the Desk of Kimmy Sokoloff

In this market, we need to be on our toes.

In a bull market, I wouldn't have protection on.

But in this market, it's wise to do so.

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.

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 Kimmy Sokoloff

We saw a nice gap up this morning for the indices.

Then they came back down.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

While the major stock market averages remain a mess, we continue to find new setups in individual stocks we want to buy.

From a market internals standpoint, it is encouraging that bullish chart patterns are emerging from a variety of sectors and industry groups.

Today, we have two industrials, a fast-food operator, and a chipmaker.

We already know that institutions and insiders like these names. And now - with these charts pressing on new highs, we like them too.

Let's take a look.

The Nasdaq just went out last week at new 7-month highs.

Growth stocks are back.

But why?

Interest Rates are falling at a record pace.

And when you look at the intermarket relationships, it makes a lot of sense:

Mario Gabelli's GAMCO Investors is back on our list.

GAMCO filed a 13D revealing an increase in ownership in Sinclair Broadcast Group $SBGI from 8.32% to 9.34%.

From the Desk of Kimmy Sokoloff

That was a nice reversal Friday after the early morning drop.

We still need to get back above 400 on $SPY.

US interest rates have fallen to their lowest levels since Q3 last year.

And with falling rates has come a consistent bid into Technology and growth all year so far.

That has driven the Nasdaq100 to its highest weekly close in 7 months: