We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

This is the video recording of the June 21, 2023, Hot Corner Insider Weekly Strategy Session.

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

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

From the Desk of Kimmy Sokoloff

This morning the market is unchanged.

And we have Fed Chair Jerome Powell speaking at 10:00 a.m. ET.

The most significant transaction on today's list comes in a Form 4 filing by Matrix Capital Management.

The hedge fund reported the acquisition of 4,760,000 shares, equivalent to $107.8 million, in the small-cap biotech company Zentalis Pharmaceuticals, Inc $ZNTL.

This is the video recording of the June 2023 Mid-month Conference Call.

From the Desk of Ian Culley @IanCulley

I left gold bugs an urgent message last week.

“This mess could turn downright ugly for the entire precious metals space if buyers don’t step in and support higher prices in palladium – and fast.”

I am many things, but “alarmist” isn't one of them. I simply find it hard to believe gold will post new all-time highs while palladium falls to fresh five-year lows.

Call me crazy, but those two puzzle pieces don’t seem to fit.

Perhaps we’ll never know for sure, as buyers showed up right on cue, driving palladium higher ahead of the three-day weekend. 

Last week’s strength bodes well for all metals, industrial and precious. So I’ll reiterate critical levels to trade against in palladium.

But I also want to share a strong correlation between this multifaceted metal and a market I would never have guessed…

All Star Charts is excited to announce a thrilling collaboration with the Chartered Market Technicians Association and Centerpoint Securities. Together, we aim to discover the finest trading talents in Southeast Asia.

In the company of my esteemed All Star Charts partner, Steve Strazza, I am thrilled to embark on a remarkable journey spanning eight cities across seven countries over the course of 21 exhilarating days this July.

During our travels, Steve and I will have the privilege of sharing the stage with numerous local experts. Together, we will deliver captivating presentations on the art of technical analysis and delve into the intricate realm of the trader mindset. These enlightening sessions will take place in a diverse range of venues, providing a unique opportunity to explore the fascinating world of domestic stock and futures markets through the lenses of traders from various backgrounds and perspectives. Needless to say, we cannot contain our enthusiasm for this incredible experience!

But that’s not all...

From the Desk of Kimmy Sokoloff

Trading was pretty sloppy overall, with names struggling for momentum.

Some certainly pulled through, though. 

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

From the Desk of Ian Culley @IanCulley

I left gold bugs an urgent message last week.

“This mess could turn downright ugly for the entire precious metals space if buyers don’t step in and support higher prices in palladium – and fast.”

I am many things, but “alarmist” isn’t one of them. I simply find it hard to believe gold will post new all-time highs while palladium falls to fresh five-year lows.

Call me crazy, but those two puzzle pieces don’t seem to fit.

Perhaps we’ll never know for sure, as buyers showed up right on cue, driving palladium higher ahead of the three-day weekend. 

Last week’s strength bodes well for all metals, industrial and precious. So I’ll reiterate critical levels to trade against in palladium.

But I also want to share a strong correlation between this multifaceted metal and a market I would never have guessed…

The Nasdaq 100 $QQQ!

Check out these charts Bartelloni shared with JC, revealing the relationship over a decade ago.

(Big thanks to Jan for bringing the article to my attention!)

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

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

The most significant transaction on today's list comes in a Form 4 filing by Donegal Mutual Insurance Company.

The firm reported a $2,279,836 purchase in Donegal Group Inc $DGICA.

From the Desk of Kimmy Sokoloff

We had a nice contraction on Friday, and we're indicating lower this morning.

I'll watch to see how $SPY handles the 435 area.

I was promised a crisis. Maybe even a recession.

Instead all I got was the best start to a year for the Nasdaq100 ever.

You want to talk about ignoring the news and focusing on price?

This is why.

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 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...