From the Desk of Kimmy Sokoloff

This is the third Friday in a row that we've had a melt-up.

We closed the gaps on the indices, and away we went.

The most significant transaction on today’s Hot List is a Form 4 filing from Brent Baird.

Baird disclosed a purchase of 11,661 shares of Servotronics Inc $SVT, equivalent to $130,671.

From the Desk of Kimmy Sokoloff

Currently, $SPY is in a trading range between 391.20 and 386.

We can base more before the next move occurs.

A funny thing happened last summer.

Financials as a sector successfully retested the highs in price from just before the start of the Great Financial Crisis.

From the Desk of Kimmy Sokoloff

It was very whippy price action today in individual names.

We saw a lot of stop outs in the morning, then some recovery later...

From the Desk of Kimmy Sokoloff

As of this morning we filled a gap on $SPY at 390.65.

If we continue to stay below 390, there's potential to see 386. 

Today’s Hot List is a short one, as insider activity has cooled with the broader equity market this week.

The only insider transaction was a Form 4 filing by EcoR1 Capital LLC.

The underperformance out of U.S. Large-cap Growth indexes continues.

It's not the stock market's fault that the S&P500 has way too much exposure to large-cap growth....

From the Desk of Kimmy Sokoloff

The market took a breather today. $SPY hit 400 and backed off again.

We broke below the 200-day moving...

This is a question I've been getting a lot.

"JC, how could you say we're already in the 8th Month of a new bull market???"

From the Desk of Kimmy Sokoloff

We're hovering around the $SPX 4,000 level, and we consolidated nicely yesterday.

Time will tell if this market needs a rest or we continue higher sooner versus later.

Alabama Sen. Tommy Tuberville filed his first Periodic Transaction Report of the year.

Sen. Tuberville disclosed the purchase of Barrick Gold Corporation $GOLD for an amount between $15,000 and $50,000.

From the Desk of Kimmy Sokoloff

The market consolidated most of the day.

$SPY tested its 200-day moving average a few times down at 396.90...

The largest insider transaction on today’s list is a Form 4 filing by Abdiel Capital Management LLC, which reported a purchase worth roughly $8.7 million in Appian Corporation $APPN.

The hedge fund now has an ownership stake of nearly 12%.

From the Desk of Kimmy Sokoloff

The $SPX closed above its 200-day moving average on Friday.

The indices might need consolidation if the market's going to trend higher.

Yesterday we talked about how early the ...