If you're short Peloton with the price above those former highs from the back half of last year, I think you're insane.

The squeeze is on here folks.

At last glance we saw 15% of the float was still short.

Look at this beautiful bottom and breakout:

From the Desk of Kimmy Sokoloff

Markets continued higher today...

And then, around 2:00 p.m. ET, the indices took a much-needed breather.

This is the video recording of the February 2nd, 2023, Weekly Town Hall w/ Willie Delwiche.

2/2/23 2:00 PM ET

Excluding price action itself, relative strength has to be the most underappreciated indicator.

It's impossible to outperform if you own assets exhibiting relative weakness.

If a stock is underperforming, there's a reason why. It's not until months after the fact do investors discover the "fundamental" drivers anchoring that stock.

The same can be said for when a stock is outperforming.

Look at it like holding a beach ball underwater. You can feel the pressure on your arms, and when that pressure is released, the ball explodes into the air.

Think about the selling pressure in the market: When the selling pressure alleviates, the stocks showing relative strength tend to be the first ones that shoot higher.

These principles are universal across every market.

We've adjusted a position in the Paid-to-Play portfolio today:

The largest insider buy on today's list is a Form 4 filing by Steve Miron,  director at Charter Communications $CHTR.

Miron revealed the purchase of $960,875 worth of CHTR shares.

From the Desk of Kimmy Sokoloff

For some time now, I've said $SPY can touch 410. We're here now.

If we continue to hold on and slightly contract, then SPY can see 421.

We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

This week we're looking into Capital Goods sector stocks.

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.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their...

From the Desk of Ian Culley @IanCulley

Everyone wants to know where the dollar is headed next.

It’s great investors are showing interest in the dollar, while understanding the impact it has on risk assets at the moment. 

But I have no idea where the dollar is headed. No one does.

Regardless, I can still form a framework to help make the best logical guess despite an incomplete data set. That’s what we do at All Star Charts!

So let’s recap three points I’ve made regarding the dollar in recent months that I believe hold the greatest weight…

The Time and Place for a Bounce

Given strong seasonal tailwinds and a critical shelf of former highs acting as potential support, the likelihood of a dollar bounce last month seemed probable…

The US Dollar Index $DXY has enjoyed the best returns...

From the Desk of Kimmy Sokoloff

What a day... February started off with a bang!

I mentioned in the live trading room that if the market likes what Fed Chair Jerome Powell has to say we can see $SPY 410.

We sure did hit that level... and then some.