From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Eli Samaha, founder and managing partner of Madison Avenue Partners LP.

Samaha reported a purchase of $558,528 in Synovus Financial Corp $SNV.

From the Desk of Kimmy Sokoloff

As of now, $SPY is holding the 425 area.

We could see a bounce, but I think it would be short-lived.

Again, not a ton of names stand out to me.

From the Desk of Kimmy Sokoloff

It was straight selling all day, no bounces.

$SPY has some support here at 425, then 422.92.

There’s potential for a gap down tomorrow. 

We've adjusted a position in the Paid-to-Play portfolio today:

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by RA Capital Management.

The investment firm reported a purchase of $8.1 million in the small-cap biotech company ARS Pharmaceuticals Inc $SPRY.

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.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in...

From the Desk of Kimmy Sokoloff

Yesterday we saw the market enjoy a decent bounce, but this morning it's like that move never happened.

 The indices are indicating at the lower range.

Once again, not too many names are exciting right now.

This has to be it right?

How is this one not the world's most important chart?

With the US 10-year Yield hitting the highest levels in 15 years, Crude Oil has caught a bid lately hitting the highest levels all year.

From the Desk of Ian Culley @IanCulley

The US Dollar Index $DXY has posted its tenth week consecutive in the green. 

And with the dollar off to a solid start Monday morning, an eleventh looks promising.

This is excellent news for dollar bulls.

But it's a gloomy prospect for risk assets, especially precious metals…

From the Desk of Kimmy Sokoloff

Overall, that was a decent bounce today.

We'll see if it continues through the week.

If we do get a heavy one, $SPY has potential to 438.

After slowly dipping my toes last week into the idea that it might be time to start getting into some new long exposure, the market's reaction to the latest Federal Reserve action tells me the direction is still sideways until further notice.

So we're literally betting on that today with a delta-neutral credit spread in the Russell 2000.

<meta name="twitter:image" content="http://allstarcharts.com/wp-content/uploads/2019/04/options-twitter-image.jpg" />

P.S. We do trades like this regularly. If you'd like to leverage Best-in-Class technical analysis into smarter directional options trades, try out All Star Options Risk Free! Or give us a call to learn more: 323-421-7991.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by RA Capital Management.

The investment firm reported a purchase of $8.1 million in the small-cap biotech company ARS Pharmaceuticals Inc $SPRY.

From the Desk of Kimmy Sokoloff

Yesterday we saw the market enjoy a decent bounce, but this morning it’s like that move never happened.

The indices are indicating at the lower range.

Once again, not too many names are exciting right now.

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.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

From the Desk of Kimmy Sokoloff

Overall, that was a decent bounce today.

We’ll see if it continues through the week.

If we do get a heavy one, $SPY has potential to 438.

From the Desk of Ian Culley @IanCulley

The US Dollar Index $DXY has posted its tenth week consecutive in the green. 

And with the dollar off to a solid start Monday morning, an eleventh looks promising.

This is excellent news for dollar bulls.

But it’s a gloomy prospect for risk assets, especially precious metals…

Check out the performance chart anchored from DXY’s July 13 bottom:

US stocks ($SPY), international stocks ($EFA), emerging market stocks ($EEM), gold ($GLD), silver ($SLV), and even US T-bonds ($TLT) are falling under a rising dollar. (Crude oil $USO has 99 problems, but the dollar ain’t one.)

Yes, US T-bonds remain a risk asset from a price perspective. A strengthening dollar will accompany declining bond prices if the US dollar and interest rates continue to climb together.

Global risk assets and precious metals do not perform well when investors flock to the US dollar.

Bonds are skidding lower. US stock indexes are breaking down. And precious metals? Well, it could be worse.

GLD is outperforming global equities, including the S&P 500, over the trailing two months.

Last week,...

We've adjusted a position in the Paid-to-Play portfolio today:

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Broadwood Capital.

The firm reported a purchase of roughly $11.6 million in STAAR Surgical Company $STAA.

From the Desk of Kimmy Sokoloff

The market has been in a steady decline since mid-September.

I'll be truthful: As of right now, not too much is interesting to me.

I need to see how stocks act today.

On the eve of Chart Summit 2023, let's take a look at how some of the most important areas of the market are holding up during what is seasonally the most bearish time of the year.

Technology represents close to 30% of the S&P500 and almost half the entire Nasdaq100. And here it is going out at its lowest weekly close since May: