The market breadth has definitely improved, but certain stocks are pushing higher on momentum, and we're here to identify just those! This week, we have a stock from the Auto sector making new highs. Let's take a look!

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.

From the Desk of Kimmy Sokoloff

The trek lower in the indices continues.

We're near $SPX 3,900 support. After that it's 3,860.

We need to recapture 3,960 to head back uphill.

The largest insider transaction on today's list is a Form 4 filing by Charles River Laboratories International $CRL director Richard F. Wallman.

Wallman revealed a purchase of $328,350 in CRL.

Contrary to popular belief, I don't know what the market is going to do next.

I have no way of possibly knowing if the S&P500 is going to double from here or if it's going to get cut in half. Gold can go to $5000/oz or $5/oz. Crude Oil can go to $250/barrel or $2. I just don't know.

We all have our 'opinions', sure. I mean, how can we not? We're humans right?

But we're making decisions with unknown information.

From the Desk of Kimmy Sokoloff

The market took another hit today. We broke below last week's lows and plowed through support levels.

The $SPX has support at 3,900, then 3,860. Resistance is at 3,959.

From the Desk of Kimmy Sokoloff

As of early this morning, futures are flat. The $SPX rejected the 200-day moving average yesterday and dropped right into support.

I'll be watching to see if SPX 3,962 is held throughout the day. Otherwise, we can see 3,932.

The largest insider transaction on today’s list is a Form 4 filing by Coliseum Capital Management LLC.

The hedge fund reported a purchase worth roughly $6.7 million in ModivCare $MODV. It now owns more than 9.12% of outstanding shares.

This is the video recording of our December 5th Monthly Charts Live Strategy Session

From the desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to...

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 Kimmy Sokoloff

What a wipeout in the indices. We've almost retraced all of last week’s move.

The $SPX broke below 4,050, and it was downhill all day.