From the Desk of Steve Strazza and Alfonso Depablos

The largest insider transaction on today’s list comes in a Form 4 filed by Coliseum Capital Management LLC.

The hedge fund reported a purchase of ModivCare Inc $MODV shares with a total value of $6.4 million.

From the Desk of Kimmy Sokoloff

Overall, it was nice action in the markets yesterday.

We still have a gap on $SPY at 449.17.

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 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...

From the Desk of Ian Culley @IanCulley

Precious metals deserve the benefit of the doubt.

These shiny rocks are in the early stages of their next secular bull run. But I won’t let my bullish bias detract from the obvious: Gold has seen brighter days.

Overhead supply dominates the charts while risk appetite cools and prices fall toward critical support levels.

Is it time to buy the dip? 

No, especially as investors focus on more attractive investments…

From the Desk of Kimmy Sokoloff

It was a two-way market today.

We dropped down to fill the gaps on the indices.

Then we headed back uphill.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Coliseum Capital Management LLC.

The hedge fund reported a purchase of ModivCare Inc $MODV shares with a total value of $6.4 million.

From the Desk of Kimmy Sokoloff

Overall, it was nice action in the markets yesterday.

We still have a gap on $SPY at 449.17.

From the Desk of Kimmy Sokoloff

It was a two-way market today.

We dropped down to fill the gaps on the indices.

Then we headed back uphill.

Ok, that's a stupid question but I'm out of pithy headlines.

When the market more or less is only offering you one style of options trade that makes sense in this environment, things might get a bit monotonous around here. And when that happens, my brain offers up 'dad joke'-level headlines :)

But there's nothing boring about making money and our delta-neutral credit spread trades continue to work. So we're continuing with them with today's trade.

From the Desk of Ian Culley @IanCulley

Precious metals deserve the benefit of the doubt.

These shiny rocks are in the early stages of their next secular bull run. But I won’t let my bullish bias detract from the obvious: Gold has seen brighter days.

Overhead supply dominates the charts while risk appetite cools and prices fall toward critical support levels.

Is it time to buy the dip? 

No, especially as investors focus on more attractive investments…

The strongest trending assets outperform their alternatives. (Buy the strongest, sell the weakest.)

And every asset group has its strong man leading the way. For precious metals, it’s silver.

Gold and the gang benefit when their “strongest performing asset” is their crazy cousin – silver.

Silver often spearheads a proper risk-on rally in precious metals as it surpasses gold.

But that’s not what’s happening right now:

Instead, silver is lagging in the near term after failing to post a higher high in June.

Buyers are growing weary of gold’s sideways action. It not only shows in a falling silver-gold ratio but also in silver mining stocks...

The next new position in our Paid-to-Play portfolio is:

The largest insider transaction on today’s list comes in a Form 4 filed by Low Check Kian, director of Broadcom Inc $AVGO.

Kian reported a purchase of 11,000 AVGO shares, equivalent to roughly $9.5 million.

From the Desk of Kimmy Sokoloff

September 11: Never forget.

We have a big week ahead of us, and the indices are indicating higher this morning.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Low Check Kian, director of Broadcom Inc $AVGO.

Kian reported a purchase of 11,000 AVGO shares, equivalent to roughly $9.5 million.

From the Desk of Kimmy Sokoloff

September 11: Never forget.

We have a big week ahead of us, and the indices are indicating higher this morning.

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the Desk of Ian Culley @IanCulley

I recently outlined five reasons to bet on energy.

While I stand by my line of reasoning, I did manage to leave out one overarching theme. And it’s an important one!

It’s a market theme that’s played out for almost three years, extending beyond energy to encompass commodities as an asset class.

I’m talking about the commodity-bond ratio…

Commodities relative to bonds was the most impactful high-level chart headed into 2021.

A major trend reversal favoring raw materials over US treasuries signaled a new, wild world on the horizon – a world characterized by inflation and rising interest rates. 

This shift in relative strength caught many investors off guard as commodities also outpaced stocks for the first time in over a decade.

Shockingly, commodities were back in the conversation as analysts struggled to deem the energy space a viable investment. (As if the price charts didn’t provide ample evidence.) 

Meanwhile, energy stocks...

From the Desk of Kimmy Sokoloff

We saw a decent bounce from the start of the day and then the market sat idle.

$SPY needs to be above 446.80 to really get going higher.

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

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by their proximity to...