From the Desk of Kimmy Sokoloff

This sideways action in the market is tiring.

We do find setups, but I haven't been enthused with most of them.

From the Desk of Kimmy Sokoloff

It was Chop City for the market today.

It will likely pick a direction soon. 

Small-cap stocks are back down to where they bottomed out last summer.

Can they do it again?

I believe they can, and that's the bet that we're making.

Check out: It's Now Or Never and also We're Buying Small-caps

Here's what the Russell2000 Index ETF looks like:

The largest insider transaction on today’s Hot List is a Form 4 filing by Pulse Biosciences $PLSE director Robert W. Duggan.

Duggan reported a purchase worth roughly $65 million in PLSE.

From the Desk of Kimmy Sokoloff

It's just like Tuesday...

With PPI coming up at 8:30 a.m. ET, I'm going to hold off on sharing ideas until I see how the market reacts.

From the Desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).   

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

From the Desk of Kimmy Sokoloff

What a day...

$SPY came close to the 415 level I mentioned this morning and then traded below 410.

The recovery was quick due to tech bouncing.

The largest insider transaction on today’s Hot List is a Form 4 filing by Enviva Inc $EVA director John Bumgarner Jr.

Bumgarner reported a purchase worth roughly $1.8 million in EVA.

From the Desk of Kimmy Sokoloff

CPI data for April will be released at 8:30 a.m. ET.

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

This is the video recording of the May 10, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

The market was in a standstill today, awaiting the CPI print on Wednesday.

The indices held on.

Tomorrow might give a clearer picture near term.

The weakness in Small-caps has been well documented by now.

Look at the performance since the beginning of 2022.

While the Dow, S&P500 and other major indexes are pushing up near 52-week highs, the Russell2000 is down near 52-week lows.