From the Desk of Kimmy Sokoloff

What a day.

The market pulled in from this morning's economic data, plus news out on semiconductors didn't help, either.

This is the video recording of our November 16, 2022, Inside Scoop Weekly Strategy Session.

The largest insider transaction on today's list is a Form 4 filing by Martin Franklin, director at Element Solutions $ESI.

Franklin reported share purchases worth $17.2 million in ESI.

From the Desk of Kimmy Sokoloff

Looks like we're heading for a flat open for the market as I write this morning.

We're still hovering near the $SPX 4,000 level. Resistance is at 4,037, then 4,062.

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 14, 2022. This report is published bi-weekly and rotated with our 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 that are seeing an unusual increase in investor interest.

From the Desk of Kimmy Sokoloff

The market was holding steady until a news report took the $SPX down to roughly 3,950.

That news report was later negated, and now we're back to where we started the day near the 4,000 level. 

Is there anything more important than the US Dollar?

They keep fighting me on it, but the market keeps proving them wrong.

It's the Dollar stupid!

There were a handful of extra-large Form 4 purchases reported by insiders and executives yesterday.

At the top of the list is another Form 4 from Matthew Jacobson, who disclosed an additional $20 million purchase in the software stock, Datadog $DDOG.

From the Desk of Kimmy Sokoloff

The market dipped in the last hour or so yesterday, though $SPY managed to close above 395.

We've seen a big bounce this morning, and we're back at the top of the range at 399.

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.

From the Desk of Kimmy Sokoloff

The indices consolidated most of the day.

And that's healthy.

From the Desk of Kimmy Sokoloff

Last week was pretty powerful. The indices moved like they were being chased by a bull.

We did hit $SPX 4,000. A slight pause with support at 3,973 would be healthy. Should this level hold, then we can see 4,037.