Today officially marks the beginning of the Santa Claus Rally.

As we already discussed earlier this month, the SCR period runs during the final 5 trading days of the year and the first 2 of the following year.

So due to the holiday schedule, the 2022 SCR goes from today December 23rd through Wednesday January 4th.

The average performance during these 7 days is 1.33% and is positive 79.2% of the time. This is a big difference from all the other 7 day periods throughout the year, that only average 0.24% returns. They're also positive less than 60% of the time.

So we've found that there's real alpha during this period.

The largest insider transaction on today’s list is a Form 4 filing by Agree Realty Corporation $ADC Director John Rakolta Jr.

Rakolta reported a purchase of ADC shares worth $785,180.

From the Desk of Kimmy Sokoloff

Happy Holidays to all!

The Santa Claus rally begins today, and the market did a decent reversal yesterday from the lows. What a save.

Now, for today, I'd like to see $SPX 3,800 hold for a move to 3,850. The real test will be back above 3,875.

From the Desk of Kimmy Sokoloff

Yesterday was a one-hit wonder for longs. Today was pretty ugly.

The market is showing who's in charge.

The $SPX broke through support levels at 3,850 and 3,800. Next support is at 3,744.

From the Desk of Kimmy Sokoloff

Futures down some after yesterday's nice move to the upside.

It could be a consolidation day, but I would like $SPX 3,850 held today. 

The largest insider transaction on today’s list came in a Form 4 filing from Durable Capital Partners.

The hedge fund reported an additional purchase of $8.7 million in Duolingo $DUOL.

I don't know how many times I've said it this year. Someone go back and count.

But the catalyst IS THE WEAKER DOLLAR.

It's not the fed, or the election, or yield curves, or wars, or Santa Claus or any of the other random arguments that we've all heard along the way.

It's the US Dollar.

Period.

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...

From the Desk of Kimmy Sokoloff

In today's Morning Briefing, I wrote about $SPY and $TQQQ trade ideas.

Both targets were reached. SPY ran right into resistance at 387 and then pulled back, as was alerted.

This is the video recording of our December 21, 2022, Inside Scoop Weekly Strategy Session.

Senator Tommy Tuberville of Alabama is back on our list after filing his first Periodic Transaction Report since early November.

Here’s what Sen. Tuberville is buying:

• Intel Corporation $INTC ($100,000 - $250,000)
• Activision Blizzard $ATVI ($100,000 - $250,000)
• Cleveland-Cliffs $CLF ($50,000 - $100,000)

While Activision is a new name for Tuberville, these are the second purchases he has made in both Intel and Cleveland-Cliffs in recent months.