From the Desk of Kimmy Sokoloff

It's a big day today.

Will the Fed raise by 50 basis points or 25 basis points? Or will it do nothing? I'm thinking 25 basis points.

However it turns out, expect volatility.

This is the video recording of the March 22, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

It was a nice day in the market overall.

We gapped up but didn't pull back into yesterday's high on the indices.

The largest insider buy on today’s list comes in a Form 4 filing by Joe Craft, president and CEO of Alliance Resource Partners $ARLP.

Craft reported a purchase of roughly $2.7 million.

From the Desk of Kimmy Sokoloff

The market is gapping up nicely into the next resistance zone.

For $SPY, we have to watch this 396.50 area. If it can clear this level, there's room to 400.

Otherwise it's back down to 393 or so.

This is the video recording of the March 2023 Mid-month Conference Call.

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 Under the Hood, where we're covering all the action for the week ended March 17, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.

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

The market was very whippy today, and I believe it will be this way till after the Fed on Wednesday.

We'll take it day by day.

The most significant insider activity on today’s list comes in a series of Form 4 filings by the CEO and CFO of Capri Holdings Limited $CPRI.

The two executives combined for purchases in excess of $10 million last week.

From the Desk of Kimmy Sokoloff

It's been a very volatile year so far, and we have the Fed this week, so expect even more chop.

I really wanted $SPY to close above its 200-day moving average, but that didn't happen on Friday. 

We saw a very respectable 1.4% rally in the S&P500 this week.

But the index is still stuck below overhead supply.

Nothing has changed.

This is specifically at the index level, of course.

You see, while many sectors were doing great throughout the back half of last year, Technology and other growth areas simply were not.

This held the S&P500 back.

In 2023 we've been seeing the opposite.