They've been telling me for almost a year that this is just a bear market rally.

If you're one of those people, I would ask your therapist about it.

The New Lows list peaked last June.

It's been steady improvement and sector rotation ever since.

This month is just the latest example. We now started to get rotation into Small-caps.

See: Bullish Risk Reversal In Small-caps (May 2023)

I'm convinced the world needs more bubble charts. There just aren't enough.

So here at...

From the Desk of Kimmy Sokoloff

The market was happy with the CPI numbers.

No rest for the weary...

The most significant transaction on today's list comes in a Form 4 filing by Len Blavatnik.

Blavatnik reported a purchase of $10 million in Day One Biopharmaceuticals $DAWN.

From the Desk of Kimmy Sokoloff

We have CPI for May coming out at 8:30 a.m. ET.

I'll hold off on ideas until I see how the market absorbs the data.

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended June 9, 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.

Under the Hood is a value-add for investors of all kinds, as we can express our views through a variety of different types of stocks.

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.

Click here for a behind-the-scenes look...

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.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

From the Desk of Kimmy Sokoloff

New highs for $QQQ once again...

There hasn't been any cooling off for the indices just yet.

We'll see what this week brings.

The most significant transaction on today's list comes in a Form 4 from Diversified Healthcare Trust director Adam Portnoy.

Portnoy revealed a purchase of $14.7 million in DHC.

From the Desk of Kimmy Sokoloff

It's going to be a busy week, with CPI tomorrow and the Fed on Wednesday.

We must be on our toes and trade tactically.

The new 52-week highs list keeps on getting longer.

You can add the S&P500 ETF $SPY to that list now.

Here's what that looks like:

From the Desk of Kimmy Sokoloff

It wasn't  the strongest Friday, but $SPY did take out the August high.

Next week will be a big one for data. I still think we can see SPY 422.92 sooner versus later.

The most significant transaction on today's list comes in a Form 4 filing by Thomas W. Warsop III, president and chief executive officer of ACI Worldwide Inc $ACIW.

Warsop revealed the acquisition of 43,000 shares of ACIW, equivalent to $1 million.