From the Desk of Kimmy Sokoloff

We are riding a fine line.

The $SPX and the $NAS are sitting right at their respective 200-day moving averages. The $RUT is the strongest as of now.

Question is do we break down or start to bounce.

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

The February hangover is now behind us, and following a month of corrective action, we think stocks will embark on a fresh leg higher soon.

Risk appetite continues to improve, and market internals are as healthy as we've seen in years.

This is an environment where we want to be looking for stocks to buy.

Today, we have a newly-public growth stock that is making new highs and has been outperforming aggressively this year.

Let's dive in.

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 journey...

It's the weekly currency edition of What the FICC?

Instead of allowing the market to dictate your emotions along with the herd, let it simply highlight the path of least resistance.

That’s what I’m doing.

Check it out!

From the Desk of Kimmy Sokoloff

March has started off on shaky ground.

The $SPX tested the 200-day moving average at 3,940 again.

It bounced, but we'll see if it can hold this level.

From the Desk of Willie Delwiche

When the Fed raised rates to 4.50% in early February, the market was expecting that any additional tightening this Spring would be taken back (and then some) and that by the end of the year the Fed Funds Rate would be at 4.25%. Now, the market is pricing in a year-end Fed Funds Rate of at least 5.25%. Over the course of a month, market expectations for rates have shifted higher by a full percentage point.     

Why It Matters: Stocks stumbled in February as the markets digested the shift in expectations from “rate cuts by the end of the year” to a “higher for longer” reality. This led to investors who had been slow to embrace stock market strength to reconsider recently discovered optimism. We have documented that stocks tend to do well in the wake of persistent pessimism. Under-pinning this analysis is the assumption that pessimism is indeed fading. If expectations for higher rates lead to renewed pessimism, it will be difficult for sustainable strength to emerge. You need to have bulls to have a...

From the Desk of Ian Culley @IanCulley

Markets continue to churn sideways, frustrating most investors.

Instead of allowing the market to dictate your emotions along with the herd, let it simply highlight the path of least resistance. That’s what I’m doing.

Today, I want to share with you two ways to trade the British pound – regardless of its next directional move…

The structural trend for the pound undoubtedly points sideways. A zoomed-out weekly chart makes that clear:

Yes, it has reclaimed a critical shelf of former lows. But it’s messy. And while I believe the pound and other currency pairs will begin to trend in the coming weeks and months, I have no idea what direction they will take.  

So I’m prepared to trade the British pound in either direction.

I laid out the bullish case at the end of January. You can check it out here.

Today, I want to draw attention to those former lows at approximately 1.1950, outlining...

If stocks are going higher from here, Meta Platforms $META (the cool kids call it "facebook") is likely to lead the way.

We're going to leverage some short puts to pay for the potential of unlimited upside if we get our timing right.

And the best part is, we've got a nearby risk-management level to tell us we're wrong. And if we are, we'll likely know quickly.

Check out this chart of $META:

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

What can we say?

Bitcoin's absorbing overhead supply.

Our first target was 25,000, and it got hit.

Now we wait.

It's vital to not let the day-to-day price action drive our execution. It's driven by nothing but emotion, and it does more harm to investors than good.

We all know this. But it can be difficult to step back when necessary.

Objectively speaking, one of the many elements that differentiate great investors from mediocre ones is the ability to sit out of the market when there are no high-conviction opportunities.

One of our simple workarounds to this constant desire to be positioned is to set our invalidations and targets prior to putting money on the line.

The largest insider buy on today's list comes in a Form 4 filing by Wes Cummins, a director of Vishay Precision Group $VPG.

Cummins reported a purchase of $370,175.

From the Desk of Kimmy Sokoloff

Hello March!

With the futures being up this morning, it's like yesterday's close didn't happen.

We must stay on our toes.

Welcome to The Buzz! 

Our mission at The Chart Report is to highlight ideas from the best traders and technicians on social media. 

Now, we’re taking this concept one step further and tapping into the madness of the crowd. 

That’s why we created The Buzz! 

Our mission at The Buzz is simple: to identify and profit from the most-talked-about stocks on the market today. 

But isn’t the crowd always wrong? 

The grandfather of contrarian investing, Humphrey B. Neil once said; 

“The public is often right during the trends, but wrong at both ends.” 

We agree with Humphrey, which is why we’ll be focusing on catching the meat of these trends, with both long and short ideas. 

The Buzz uses proprietary social media data from our partners at Likefolio. 

Every week, we compile a list of stocks that are experiencing the most momentum in terms of investor interest. Let’s take a look at which stocks are buzzing this week!

This table shows the rate...

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday March 6th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday evening:

This is the video recording of the March 1, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

The market was all over the place today.

And they pushed it lower the last hour of trading.

I F*d up.

And when I do, I usually suffer the consequences – almost without exception.

But today is one of those exceptions. Thankfully.

Recently, in an effort to fade the rising volatility in the options market arising from the 3-4 week pullback from recent stock market highs, I sold naked puts in a large cap stock – Occidental Petroleum $OXY.

I like the name for a number of reasons, the most prominent being that Warren Buffett (Berkshire Hathaway) has been acquiring large blocks of stock just below current levels. This is support.

So when the broader markets were continuing their slide a couple of weeks ago, I felt $OXY was a high probability bet to hold these levels until the mini-market panic cooled off, and selling premium via $OXY puts seemed like an...

From the desk of Willie Delwiche.

Dynamic Portfolio Update: This year's rally has so far failed to turn long-term trends higher and is starting to look ragged. As we see how this period of digestion plays out, we are reducing the equity exposure in our Tactical Opportunity Portfolio.

From the desk of Willie Delwiche.

Moving into commodities when they are trending higher versus stocks increases return and lowers risk relative to otherwise static equity exposure. Commodities may not always earn a spot in our portfolios, but we do well to remember to include them in the asset allocation conversation. 

Why It Matters: Commodities can go nowhere for years on an absolute and relative basis. 90% of the time from 2012 through 2020, the CRB index was in a downtrend relative to the S&P 500. During that time period commodities got the reduced portfolio exposure that they deserved. In many cases they got dropped from the conversation all together. Commodity leadership of the last couple of years revealed that to be short-sighted. With commodities cooling off and stocks again getting the upper hand on a relative basis, we can reduce our exposure, but let’s not exclude them from the conversation. As long as an asset has a seat at the table, we can choose to minimize our exposure to it. But...

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