In today's Flow Show, I flew solo. But have no fear, I have a great idea to work with that was brought to me by the All Star Options community and endorsed by the analysts here at All Star Charts.

You can watch the full episode here:

Earlier in the day, Steve and I were together on a live twitter/X spaces and we were talking about the strength we're seeing in the payments space. Not just the Visas and Mastercards, but the Paypals, Venmos, and Squares.

Universally, we liked the $SQ chart. And my ASO community likes it too.

So here's the weekly $SQ chart that I shared in the show:

In today’s Daily Digest, we’ll review the following:

1. New position in ARKK.
2. No adjustments are needed today.
3. Closed ITB for a profit.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

A funny thing happened after Donald Trump won the U.S. Election by a landslide....

Everyone just assumed it would be bad for Solar stocks.

And it was, for a moment anyway...

But when everyone just assumes a specific outcome, and everyone is already positioned for that, we love to take the other side as that positioning unwinds.

Remember, it's not the fundamentals that drive asset prices. It's positioning, and the unwinds in extreme positioning that moves asset prices the most violently.

The latest example of this market anomaly is in Solar. Notice how during this sell-off, Momentum never reached oversold conditions. 

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

*BREAKING NEWS* $BTC printing fresh all-time highs priced in every fiat currency is NOT bearish for gold.

We recently recorded a video with our in-house crypto analyst, Louis Sykes, to discuss the connections between bitcoin and gold. 

The relationship isn't perfect, but it would be irresponsible of us as investors to ignore the correlation between 2 of the most significant hard-money assets in the world.

Last month, we discussed the correlation between digital and physical gold becoming positive again. 

Before we knew it, $BTC had resolved its base and followed gold to new all-time highs.

This suggests to us the bull market is still young:

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended November 22, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Adjustment to XLI position. 
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

The price of $FXI is going in the wrong direction. And as we know, only price pays. Price is truth.

Due to two previous "covered call" premium sales against our long January 2026 35-strike calls and more than one year until our long calls expire, I'm going to get creative with our position to keep the dream alive. I think we can afford to be patient.

I'm confident in doing so because ending the campaign here would only result in a small loss. So there's no panic.

If you're not making a lot of money in this Bull Market then you're doing it wrong.

When it's money making time, the idea is to make as much money as possible to be able to withstand those periods where it's "money keeping" time. 

Tuesday @ 4PM ET I will be hosting a LIVE event with Steve Strazza to walk through the Breakout Multiplier Strategy that everyone is talking about. I've never seen something work this well, this consistently in my entire career. 

Fed rate cut probabilities are shrinking fast. Just a few months ago, the market was pricing in over 100bps between the 2 year and the Fed funds rate.