From the Desk of Kimmy Sokoloff

That's four Fridays in a row the market has had a great rally, though there was a decent sell-off in the last half hour of trading...

The most significant insider buy on today’s list is a Form 4 filing by Lockheed Martin $LMT Director John Donovan.

Donovan reported a purchase of roughly $250,867 in LMT.

From the Desk of Kimmy Sokoloff

So far, every Friday this month the market has traded higher, with strong gains.

Can we make it a fourth Friday rally in a row?

We like to keep things simple around here.

When there is less supply of something, and more demand for it, the price goes up.

...

From the Desk of Kimmy Sokoloff

That was a nice pop this morning, with $SPY trading as high as 404.

I put on a long position in SPY last...

Today's Hot List is another short one.

The only 13G on our list was filed by Pura Vida Investments LLC, which revealed an initial stake of 5.62% in Quanterix Corporation $QTRX.

From the Desk of Kimmy Sokoloff

The market is back to happy mode.

$SPY is trading above 400, and all is well.

From the Desk of Kimmy Sokoloff

This morning $SPY broke below its 200-day moving average at 395.50 and then managed to come back above it.

...

The largest insider buy on today's list is a Form 4 filing by RA Capital Management.

The hedge fund reported a purchase of roughly $25 million in Fulcrum Therapeutics Inc $FULC, increasing its ownership stake to 23.8%.

From the Desk of Kimmy Sokoloff

$MSFT reported last night, and, at first, it rallied above $250. And then management had their conference call.

We'll see how it acts, if dip-buyers show up or it just heads...

From the Desk of Kimmy Sokoloff

There was a major glitch at the New York Stock Exchange today, and it really did a number on the opening of the market.

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From the Desk of Steve Strazza @Sstrazza

Last week we held our January Monthly Conference Call, which Premium Members can access and rewatch...

With stocks off to a very strong start to the year, we're certainly setting ourselves up for a positive January.

There is still about a week left, but the S&P500 is...

The largest insider buy on today's list is a Form 4 filing by EcoR1 Capital LLC, which reported a purchase of roughly $2.9 million in Zymeworks Inc $ZYME.

EcoR1 Capital also filed a Form 13G, disclosing a stake of 7.80% in the cancer biotech...

From the Desk of Kimmy Sokoloff

The futures are indicating lower this morning. A healthy digesting is warranted.

I'd like to see 396, roughly, held over the next few days on $SPY.

If we push past 402...

From the Desk of Kimmy Sokoloff

I mentioned in this morning's note that $SPY had a date with 400.

We hit that level and ran to 402.60, which...

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

The hedge fund reported an additional purchase worth roughly $1.3 million in Clear Channel Outdoor Holdings $CCO, increasing its total stake to 10.5...

From the Desk of Kimmy Sokoloff

It looks like $SPY has a date with 400, as long as 392.75 holds.

That was a powerful day on Friday. The buyers stepped in.

After a very strong 4th quarter for stocks, it looks like 2023 is getting started right where they left off.

But this time, it's the Nasdaq that's leading the way.