This is the video recording of our December 23, 2022, All Star Charts Crypto Weekly Strategy Session.

Consumer Staples continue to be one of the leading sectors as we head into year-end. And if you know anything about the gang here at All Star Charts, we love to be long stocks and sectors that are showing strong relative strength.

So for our last new trade for 2022, we're going to take a big swig of an energy drink maker.

The next new position in our Paid-to-Play portfolio is:

Today officially marks the beginning of the Santa Claus Rally.

As we already discussed earlier this month, the SCR period runs during the final 5 trading days of the year and the first 2 of the following year.

So due to the holiday schedule, the 2022 SCR goes from today December 23rd through Wednesday January 4th.

The average performance during these 7 days is 1.33% and is positive 79.2% of the time. This is a big difference from all the other 7 day periods throughout the year, that only average 0.24% returns. They're also positive less than 60% of the time.

So we've found that there's real alpha during this period.

The largest insider transaction on today’s list is a Form 4 filing by Agree Realty Corporation $ADC Director John Rakolta Jr.

Rakolta reported a purchase of ADC shares worth $785,180.

From the Desk of Kimmy Sokoloff

Happy Holidays to all!

The Santa Claus rally begins today, and the market did a decent reversal yesterday from the lows. What a save.

Now, for today, I'd like to see $SPX 3,800 hold for a move to 3,850. The real test will be back above 3,875.

From the Desk of Kimmy Sokoloff

Yesterday was a one-hit wonder for longs. Today was pretty ugly.

The market is showing who's in charge.

The $SPX broke through support levels at 3,850 and 3,800. Next support is at 3,744.

This is the video recording of the December 22nd, 2022, Weekly Town Hall w/ Willie Delwiche.

12/22/22 2:00 PM ET

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

There's no denying it.

The US dollar has been an incredible reflection of financial conditions this year. By extension, the correlations between the dollar and risk assets have held firm.

Equities and crypto were under pressure whenever the US dollar trended higher in 2022.

And when the dollar was correcting, equities and crypto were trending higher.

We don't need to overcomplicate this.

From the Desk of Kimmy Sokoloff

Futures down some after yesterday's nice move to the upside.

It could be a consolidation day, but I would like $SPX 3,850 held today. 

The largest insider transaction on today’s list came in a Form 4 filing from Durable Capital Partners.

The hedge fund reported an additional purchase of $8.7 million in Duolingo $DUOL.

I don't know how many times I've said it this year. Someone go back and count.

But the catalyst IS THE WEAKER DOLLAR.

It's not the fed, or the election, or yield curves, or wars, or Santa Claus or any of the other random arguments that we've all heard along the way.

It's the US Dollar.

Period.

It's the weekly currency edition of What the FICC?

So far this week, the Japanese yen has stolen the show. But where does that leave the USD/JPY heading into 2023?

Check it out!

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...

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

From the Desk of Ian Culley @IanCulley

What do you do when the party gets out of hand?

You raise the roof!

That’s what the Bank of Japan (BoJ) did yesterday as its former yield curve control policies became untenable. After intervening to keep its 10-year yield below 0.25%, it shifted the ceiling to 0.50%. 

Naturally, the yen responded in earnest. It posted an explosive rally following the BoJ policy shift, gaining more than 500 pips against the dollar. 

But where does that leave the USD/JPY heading into 2023?

From the Desk of Kimmy Sokoloff

In today's Morning Briefing, I wrote about $SPY and $TQQQ trade ideas.

Both targets were reached. SPY ran right into resistance at 387 and then pulled back, as was alerted.