Where I come from do you know what we call higher lows and higher highs?

Uptrends.

Do you know what stocks do in bull markets?

They go up.

And speaking of going up, we just watched the Small-cap Russell2000 Index go out at new 10-month highs.

Do you know what's not evidence of a downtrend?

New 10-month highs.

The largest insider buy on today's list is a Form 4 filing by Randal Kirk, the executive chairman of Precigen $PGEN.

Kirk revealed the purchase of roughly $20 million of his own stock from him, increasing his ownership stake to 46.2%.

From the Desk of Kimmy Sokoloff

Hello, February! Let's see if you can live up to January.

Today is Fed day. I'm  sure we'll see wild swings in both directions initially, and then the market will subside.

From the Desk of Kimmy Sokoloff

We closed January, the first month of the year.

And it's a positive start for 2023.

It's a market of stocks.

People forget that.

They choose to obsess over every tick in the S&P500 or Nasdaq instead of recognizing what's happening among the actual components of those indexes.

As it turns out, this has become one of our competitive advantages.

If you're wondering why we tend to be ahead of the curve on changes in major trends, I would point to this.

Most people don't have the time (or are too lazy) to sit there and count how many stocks are going up vs how many are going down.

The largest insider buy on today’s list is a Form 4 filing by CD&R Boulder Holdings LP.

The firm revealed a purchase of approximately $6 million worth of shares in Beacon Roofing Supply $BECN.

From the Desk of Kimmy Sokoloff

The market is following through from yesterday's action, and we're gapping lower this morning.

I'm watching support on $SPY at 398.30.

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

The market sold off most of the day, and, as of now, we're holding at $SPX 4,015.

Should we break below the eight-day moving average, we can head to SPX 3,992.

As well as stocks all over the world have been doing over the past few months, the overhead supply in the major US Large-cap Indexes remains in place.

In other words, these large-cap, growth-heavy, market gauges still have work to do.

A couple of months ago we reiterated our more neutral positions in the Dow Jones Industrial Average and S&P500, wanting to focus more of our attention on individual stocks and sectors.

That tactical approach has worked out well.

But fast forward to today, and they've yet to make any progress.

The most significant insider buy on today's list is a Form 4 filing by Abdiel Capital Advisors.

The hedge fund reported a purchase of $4.8 million in Appian Corporation $APPN.