From the Desk of Ian Culley @IanCulley

Naming a newborn is tough.

Who is this tiny person? And who will they aspire to be?

These are impossible questions to answer.

As you can imagine, the wifey and I were stumped upon meeting our baby girl earlier this week. 

Every time I looked into her eyes, I could hear her plead, “Give me a name, boy!” A situation ten-year-old Ian never fathomed – even while watching The NeverEnding Story. 

After a few days of deliberation, hours of snuggles, and the casual piercing gaze, I could only discern one thing: she smelled good. 

So I offered up “Coco.” 

It was on our shortlist. Plus, will we ever forget this year’s epic rally in cocoa futures? I certainly won’t.

Well, we ultimately landed on Cora, which suits her in some indescribable way.

But if I hadn’t cut technology this week so I could focus on my girls, I might have thrown "Cotton" into the ring.

I mean – it’s the “fabric of our lives!”

In today's Daily Digest, we'll review:

1. New position in GDXJ.
2. No adjustments needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by RxSight Inc $RXST director Juliet Tammenoms Bakker.

Bakker reported a purchase of $406,672 in RXST.

From the Desk of Ian Culley @IanCulley

Naming a newborn is tough.

Who is this tiny person? And who will they aspire to be?

These are impossible questions to answer.

As you can imagine, the wifey and I were stumped upon meeting our baby girl earlier this week. 

Every time I looked into her eyes, I could hear her plead, “Give me a name, boy!” A situation ten-year-old Ian never fathomed – even while watching The NeverEnding Story. 

After a few days of deliberation, hours of snuggles, and the casual piercing gaze, I could only discern one thing: she smelled good. 

So I offered up “Coco.” 

It was on our shortlist. Plus, will we ever forget this year’s epic rally in cocoa futures? I certainly won’t.

Well, we ultimately landed on Cora, which suits her in some indescribable way.

But if I hadn’t cut technology this week so I could focus on my girls, I might have thrown “Cotton” into the ring.

I mean – it’s the “fabric of our lives!”

Volatility continues to pick up. We're seeing bigger prices swings for stocks, in BOTH directions.

But of all the things I'm seeing out there, this former darling, and market bellwether absolutely has my attention.

On Thursday, Apple went out a yet another new low relative to the rest of the market. Here's what Apple looks like vs QQQ:

This is a completed top and potentially disastrous break.

The next chart below is what Apple looks like vs the S&P500 and the absolute price laid over it.

$AAPL stock has been falling all year, despite what some of the indexes have done during this period.

It's not just the declining new highs list that we've seen the past 2 months, the next question is do we see an expansion in new lows?

We discussed that already yesterday.

Good morning,

Welcome to your daily crypto clarity

From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

One of the things I’m trying to be better at this year is letting my winners ride.

In the past, I would often look to reduce my open risk in a winning trade too quickly because I was fearful of giving back hard won gains. I would let my emotions or my PnL dictate when I should exit a portion of a winning position.

Letting my emotions dictate anything is often a recipe for disaster – certainly for me.

Emotions are not an objective reason to exit a trade. We need to let PRICE tell us when our trades are invalidated or vulnerable. Price doesn’t lie, but emotions often do.

Easier said than done. Especially right now.

In today's Daily Digest, we'll review:

1. No new positions today.
2. Rolled IWM to April.
3. Exit in XLU.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by David Goeddel, director of Tenaya Therapeutics Inc $TNYA.

Goeddel reported a purchase of 2,222,222 TNYA shares, equivalent to $10 million.

One of the things we've been monitoring closely over the past month is the new lows list.

I see very often how people love to just subtract random numbers from each other, mostly for the sake of subtracting.

There's really no reason for it.

For example, lately I'm sure you've noticed some traders and analysts taking the new 52-week high list and then arbitrarily subtracting the number of new 52-week lows from it.

lol for what?

Good morning,

Welcome to your daily crypto clarity