This has to be it right?

How is this one not the world's most important chart?

With the US 10-year Yield hitting the highest levels in 15 years, Crude Oil has caught a bid lately hitting the highest levels all year.

From the Desk of Kimmy Sokoloff

Overall, that was a decent bounce today.

We'll see if it continues through the week.

If we do get a heavy one, $SPY has potential to 438.

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.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

From the Desk of Steve Strazza and Alfonso Depablos

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

The firm reported a purchase of roughly $11.6 million in STAAR Surgical Company $STAA.

From the Desk of Kimmy Sokoloff

The market has been in a steady decline since mid-September.

I'll be truthful: As of right now, not too much is interesting to me.

I need to see how stocks act today.

On the eve of Chart Summit 2023, let's take a look at how some of the most important areas of the market are holding up during what is seasonally the most bearish time of the year.

Technology represents close to 30% of the S&P500 and almost half the entire Nasdaq100. And here it is going out at its lowest weekly close since May:

From the Desk of Steve Strazza @Sstrazza

Monday night we held our September Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.

Let’s get right into it!

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

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

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

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by their proximity to new 52-...

From the Desk of Kimmy Sokoloff

We had a little bit of a bounce during the morning hours.

We'll see how the indices react next week.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Jack Hightower, the chairman, president, and CEO of HighPeak Energy $HPK.

Hightower reported an HPK purchase worth a total of $8.4 million.

From the Desk of Kimmy Sokoloff

To those who celebrate, I wish you a blessed year ahead!

The market is bouncing some. I'd like another push lower, but we can see a bounce shortly.

The stock market is messy, not trending higher, and frustrating many investors who haven't studied their market history.

This type of market environment, this time of the year, is EXACTLY what we should expect as investors.

If the market was NOT acting this way, then that would be weird.

Sometimes the market ignores seasonal trends. And that tends to be an important signal.

But, to be clear, this is definitely NOT one of those times.

The market is doing exactly what it should be doing.

See: Weakest Time of the Year

Over half the stocks on the NYSE are below their 200 day moving average. Same with the S&P500.

Here's what the index itself looks like near the lower end of this multi-month range: