From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Coliseum Capital Management.

The hedge fund reported a purchase of roughly $5.3 million in MasterCraft Boat Holdings $MCFT, raising its  ownership stake to 9.28%.

From the Desk of Kimmy Sokoloff

Out goes September and in comes October.

We've seen that October can be bumpy for the first few weeks and then level out as we approach Halloween.

From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

Let's dive right in and check out what these future big boys are up to.

This is our Junior International Hall of Famers list:

From the Desk of Alfonso Depablos @Alfcharts

The stock market has been under duress for the past two months as bears have taken control and driven the major averages to their lowest levels since early June.

Whether you look at the large-cap indexes or the strongest sectors and industry groups, they are all stuck below overhead supply.

And with price action continuing to deteriorate, many of these charts are now carving out potential short-term tops.

From the Desk of Kimmy Sokoloff

We finally had a bounce...

Now, in order to continue higher, $SPY needs to stay above 432.

This is the video recording of the September 28, 2023, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today's list comes by the CEO and one director of Agree Realty Corporation $ADC.

The two insiders filed separate Form 4s reporting ADC purchases with a combined value of $1.6 million.

From the Desk of Kimmy Sokoloff

What I'll be looking for today is if $SPY can hold on to the 425.50 area.

We need to defend this area.

Otherwise, we can head quickly down to 420 and then the 200-day moving average at 418.60.

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

Today $SPY closed the gap I spoke about at 422.92, and we bounced.

We'll see if we continue higher tomorrow...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Eli Samaha, founder and managing partner of Madison Avenue Partners LP.

Samaha reported a purchase of $558,528 in Synovus Financial Corp $SNV.

From the Desk of Kimmy Sokoloff

As of now, $SPY is holding the 425 area.

We could see a bounce, but I think it would be short-lived.

Again, not a ton of names stand out to me.