Today's most significant insider transaction is a Form 4 filing by the president of Planet Labs PBC $PL, who reported a purchase of $997,113.

Millennium Management filed a 13G for AMC Entertainment $APE revealing an original stake of 5.30%.

From the Desk of Kimmy Sokoloff

Happy Easter to all those celebrating this weekend!

The market is in consolidation mode, and we'll soon find how much more it needs.

From the Desk of Kimmy Sokoloff

The market surely did consolidate today, but the action was extremely whippy.

Tech led the way lower, but there isn't any fear out there, as the $VXX keeps sliding lower.

Have you heard the latest?

They're telling us that only 5-10 stocks are holding up this market.

How dumb do they think we are?

Go look for yourself.

I count well over 100 stocks that are over $10B market cap with returns greater than 20% just in 2023 alone. These are NYSE and Nasdaq stocks.

Half of those are up over 30%.

And many more are up over 40%.

Today’s most significant insider transaction is a Form 4 filing by Global Infrastructure Investors III LLC.

The fund reported a purchase of $2.2 million in Clearway Energy $CWEN.

From the Desk of Kimmy Sokoloff

Happy Passover to those who celebrate!!

The market is trying to consolidate, as it should, and I think it needs more of it. I'd like a healthy pull into $SPY 405 or so.

This is the video recording of the April 5, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

That was a healthy contraction today.

I would think we still need more of a pull-in, but time will tell.

Asset prices trend.

We know this.

We all have the data.

Just because some (most) investors choose to ignore it, doesn't mean that moves in stock prices are random.

They're not.

Stock prices trend.

It's just math. Or science maybe. Or both, I don't know.

But they do trend. This we know is a fact.

And since last June, the majority of stocks have been appreciating in price. And very few stocks have been falling in price, to the point where there are almost no stocks that are still falling.

So if stocks were not going up in price in this environment, that would be really weird.

Today’s most significant insider transaction report is a Form 4 filing by Cormorant Asset Management.

The firm revealed a purchase of $12 million in Biomea Fusion $BMEA.

From the Desk of Kimmy Sokoloff

Another gap higher this morning for the indices.

We might hit $SPY 421 quicker than thought if we keep up this pace.

This is the video recording of our April 3rd Monthly Charts Live Strategy Session