From the Desk of Kimmy Sokoloff

I spoke in the live trading room yesterday about how $NFLX earnings, either good or bad, has not really affected the market recently.

The futures did bounce last night, but this morning we're roughly flat.

From the Desk of Kimmy Sokoloff

The market gapped up this morning and came back to fill yesterday's high.

The market overall bounced off of that gap-fill and held steady until news came out on $AAPL late afternoon.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

While the S&P 500 and other major averages made new lows last week, fewer stocks made new lows beneath the surface. 

Not only is downside participation narrowing. But the list of new highs is slowly growing. 

While it’s nowhere near where it needs to be to give us a bullish signal on the overall market, it is giving us a growing number of opportunities in individual names.

Let’s talk about some charts that we like buying (or preparing to buy) from our Inside Scoop universe right now.

The Dow Jones Industrial Average is working on its 3rd straight week of gains.

In case you missed it, you have to see the look on Maria Bartiromo's face after I told her Friday that we're 4 months into a new bull market.

Priceless.

I think she was into it though. Check out the full clip on Fox Business here: Mornings with Maria

This weekend I published a note about how underrated I find the Dow Jones Industrial Average to be among traders and investors.

The Dow is not something I want to fight. In fact, I was specifically taught not to.

Make sure to check out some of my favorite Dow stocks to own right now.

But today I want to focus on sentiment. More specifically, the extremes in bearish sentiment and overall pessimism.

From the Desk of Kimmy Sokoloff

That was a huge move overnight in the futures market. We're currently trading above gap-fill on the SPX at 3,739.

Now, let's see if we back and fill some.

The largest insider transaction on today’s Hot List is a Form 4 filing by Nimish P. Shah.

Shah reported an additional purchase of Tricida $TCDA stock worth roughly $2 million.

The stock that has made its way to the ToW post this time around is from Bank Nifty. Slowly but surely, more and more constituents are moving higher and breaking out of big bases. Let's take a look at one such name.

From the Desk of Steve Strazza @Sstrazza.

Welcome to Under the Hood, where we'll cover all the action for the week ending October 14, 2022. 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 that are 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.

From the desk of Steve Strazza @Sstrazza

Our Top 10 Charts Report was just published.

In this weekly note, we highlight 10 of the most important charts or themes we're currently seeing in asset classes around the world.

Bonds Lead

First bonds, then stocks, and now commodities have rolled over, following the traditional intermarket cycle. If the pattern holds, we should expect bonds to bottom first and eventually lead the way higher. With yields on the rise, there are no signs of this yet, but even a transition to a sideways trend could bring some stability to other asset classes.

From the Desk of Kimmy Sokoloff

That was a nice range-bound day for the market overall. The consolidation is healthy.

I don't know how you were taught to approach markets.

But I still have Ralph Acampora in my head. I can still hear him yelling, "Don't Fight Papa Dow!!"

He's referring, of course, to the Dow Jones Industrial Average, and respecting the direction of its trend, and its components.

We just saw back to back positive weeks for the Dow Industrials for only the 4th time in 2022. See here.

This weekend I published a note about how underrated I find the Dow Jones Industrial Average to be among traders and investors.

Not sure why people get so upset about the Dow. I find it really valuable and shared some of my favorite hacks here.

The Dow is not something I want to fight. In fact, I was specifically taught not to.

So here's what this looks like. You can see the Pre-Covid highs that were taken out in Q4 2020. And now here we are, back to the scene of the crime.