This is the video recording of our May 1st Monthly Charts Live Strategy Session

From the Desk of Kimmy Sokoloff

The market is still trucking along and going higher.

$SPY does have potential to the February high at 418.31.

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.

From the desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended April 28, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Today’s hot list is a long one with many executives rushing to buy shares following the first quarter earnings blackout period.

The largest insider buy on today’s list comes in a Form 4 filing by Chicago Pacific Founders.

The firm reported a purchase of roughly $5.5 million in Polaris $PII.

From the Desk of Kimmy Sokoloff

Happy May!

Here we are, and we have another busy week ahead of us.

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

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs. We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let’s dive in and take a look at some of the most important stocks from around the world.

Here’s this week’s list:

From the Desk of Kimmy Sokoloff

The market was full speed ahead today, and this week looks like just a blip on the chart.

At the rate we're going we can see 421 on $SPY.

I was in New York City most of the week for the annual CMT Symposium.

On Wednesday afternoon I dropped by Fox Business to chat with Liz Claman about the ongoing bull market that is now on Month #11.

My point in the hit was that a lot of the focus seems to be on these tiny little irrelevant banks disappearing, instead of actual important companies with real market caps.

Just to put things in perspective, First Republic is worth less than a billion dollars. So that and zero may as well be the same thing.

Meanwhile, Microsoft Wednesday was up over $140 Billion in market cap overnight.

So if that's the case, why should anyone care about First Republic?

As long as the market doesn't care, I definitely don't.

Here's the interview in full:

From the Desk of Kimmy Sokoloff

As far as earnings go, $AMZN and $GOOGL for Big Tech were the weak links.

$QQQ is almost at its peak price.

From the Desk of Kimmy Sokoloff

That was a stick save by $META, and now we have $AMZN tonight.

$QQQ came back above the 316 level I've been talking about inside the live trading room.

The largest insider buy on today’s list comes in a Form 4 filing by Enphase Energy $ENPH director T.J. Rodgers.

Rodgers, who is the founder of Cypress Semiconductor and also holds a patent for a wine-making press, reported a purchase of roughly $5 million of ENPH.