The largest insider transaction on today’s list comes in a Form 4 filed by James Monroe, director of Globalstar Inc $GSAT.

Monroe reported a purchase of GSAT shares in the amount of $4.7 million.

From the Desk of Kimmy Sokoloff

Hello, September!

Will this month live "down" to its name, or will it surprise us to the upside?

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

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

From the Desk of Kimmy Sokoloff

That was the last day of trading in August.

I missed buying $AMZN this morning.

I saw it and spoke about it in the Live Trading Room, but I just didn't pull the trigger.

The largest insider transaction on today’s list comes in a Form 4 filed by Viking Global Investors.

The hedge fund reported a purchase of roughly $9.8 million in Inhibrx Inc $INBX, increasing its ownership stake to 16.40%.

From the Desk of Kimmy Sokoloff

Goodbye, August!

That was a tough month, and we'll see what September brings.

We've seen a big two-day move for the indices, and we still have two days before the long weekend for $SPY to  hit 453 and 455.

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.

From the Desk of Kimmy Sokoloff

The market started the day in consolidation mode then kept trying to break out.

We can still see the push in $SPY to 453.

This is the video recording of the August 30, 2023, Hot Corner Insider Weekly Strategy Session.

The largest insider transaction on today’s list comes in a Form 4 filed by the CEO of Sirius XM Holdings Inc $SIRI, Jennifer C. Witz.

Witz revealed a purchase of SIRI shares of roughly $1 million.

From the Desk of Kimmy Sokoloff

To all my Floridians out there, be safe.

The indices were up over 1% yesterday.

We'll see if we rest and pause or head straight to 453 on $SPY.

The big news dropped yesterday that Grayscale won their case vs the SEC apparently paving the way for a new Bitcoin ETF soon.

Whether any of this is true or not isn't really our concern.

I couldn't care less about Grayscale or any of their personal issues.

The "news" is not our problem. What we're really interested in what is actually happening.

But a 5-6% ripper in Bitcoin yesterday and a near 30% rally in Marathon Digital certainly gets my attention.

First, here is a longer-term look at the structural uptrends in Bitcoin and Ethereum as they both held support from former resistance levels at their prior cycle peaks.

Notice how the buyers stepped in right near those former highs: