From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Baker Bros Advisors LLC.

The hedge fund revealed a purchase of Madrigal Pharmaceuticals, Inc $MDGL worth $23 million.

This is a raging Bull Market in stocks.

Seasonal strength is kicking in, right in time.

We'll be discussing this all on Monday night @ 6PM ET during our LIVE Conference Call. Premium Members can Register Here.

Sector rotation is the lifeblood of a bull market. This cycle is clearly no different.

And breadth expansion reigns. Remember all these angry people telling you how Small-caps were going to drag the rest of the market lower?

It's actually been the exact opposite.

All of this is perfectly normal. Take the time to go back and see for yourself.

This is the video recording of the November 15, 2023, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza and Alfonso Depablos

Today’s most significant insider transaction comes in a Form 4 filing by Decheng Capital Management, a hedge fund focused on investing in early-stage life science companies.

Decheng reported a purchase in the biotech company Alpine Immune Sciences $ALPN worth more than $4.6 million.

This is the best time of the year for stocks.

And stocks are doing very well.

In other words, perfectly normal market behavior.

In fact, this is exactly when Small-caps historically start to outperform their large-cap counterparts.

And sure enough, that's exactly what we're seeing.

Here's a great chart from Jeff Hirsch and Jay Kaeppel showing these seasonal tendencies:

From the Desk of Steve Strazza and Alfonso Depablos

Today’s most significant insider transaction comes in a Form 4 filing by Block $SQ director Roelof Botha.

Botha reported a $27 million purchase of SQ shares.

From the desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended November 11, 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 seeing an unusual increase in investor interest.

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.

Technical Analysis is the study of the behavior of the market, and therefore market participants.

We're analyzing how humans behave.

That's the edge that a good technician has over other types of investors.

Conditions change. Market environments go through different cycles. But the humans act in similar ways.

From the desk of Steve Strazza @Sstrazza

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 Alfonso Depablos @Alfcharts

One of the most important themes this year has been the persistent outperformance from mega-cap technology.

These equities have demonstrated outstanding relative strength again in recent weeks, and we're not seeing any signs of this trend slowing down.

Today, we have an excellent vehicle for expressing our bullish thesis on these leaders.

Let's get into it.

From the Desk of Steve Strazza and Alfonso Depablos

Today’s most significant insider transactions are Form 4 filings by both the CEO and the CFO of SoFi Technologies $SOFI.

Together the two executives bought SOFI shares worth a total of $398,260.