People get so angry when I tell them that Energy stocks haven't even broken out yet...

The historic outperformance in Energy over the past 2 years is just the pregame.

The real party hasn't even gotten started.

The DJ is still setting up....

We haven't even mixed the jungle juice.

Take a look at the Energy Sector Index still stuck below those 2008 highs. And its largest component Exxon Mobil (23.7% weighting) below those same levels:

From the Desk of Kimmy Sokoloff

Yesterday, the market had a nice comeback from the morning lows. This morning, the futures are pulling in some, and, to me, this is still healthy.

Hopefully, we can trend higher or sideways throughout the day.

Now that there’s some clarity around the Twitter $TWTR/Elon Musk deal, the focus is shifting to how exactly it will get done.

Today’s reports claim that Apollo, Sixth Street, and others have ended conversations with Musk’s team to provide debt financing.

As it turns out, $44 billion is a lot of money, even for the richest man in the world…

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as The Hall of Famers, The  Minor Leaguers, and The 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we're also highlighting lagging stocks on a recurring basis.

From the Desk of Kimmy Sokoloff

That was a nice reversal for the indices today.

They held support where they needed to and then trended higher.

This is the video recording of our October 5, 2022, Inside Scoop Weekly Strategy Session.

Stocks have been under pressure consistently since Q1 last year. That was 20 months ago.

That's precisely when the United States Dollar stopped falling and started to rise.

And this wasn't just against the Euro, which represents 58% of the Dollar Index, we saw Dollar strength across currencies from all over the world.

The US Dollar was the only safe haven asset this year. It wasn't US Treasury Bonds, it wasn't Japanese Yen and it certainly was not Gold.

The only safe haven was the US Dollar.

From the Desk of Kimmy Sokoloff

We're seeing a nice pullback in the indices this morning, which is actually healthy after the two-day rally we just had.

For today, I'm watching $SPY support at 372 and $QQQ support at 277.

Elon Musk and Twitter $TWTR are back in business!

In a letter filed with the SEC on Tuesday, the eccentric billionaire offered to close the originally agreed upon deal worth $44 billion.

From the Desk of Kimmy Sokoloff

The market continued to rally all day. It was nice to see.

Now, hopefully we do get follow through.

I thought last night's call went well.

Sorry it went a little long and had 200 charts.

I get carried away sometimes ;)

But I tried to hit on the most important points.

ASC Premium Members can watch the replay here and download the slides.

And speaking of important points, isn't this the exact point in time to be buying stocks?

From a seasonal perspective, the time is now: