Just a quick Programing Note:

I'm with the whole All Star Charts team in Sonoma, CA for a few days working together to figure out how to extract as much money from this market as possible.

We will not be doing a Morning Show this week, but we'll be back to our regularly scheduled programs next Tuesday after Memorial Day.

Sonoma has become a special place to me after living here with my now wife for 5 years. This was after over a decade in New York City.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by the CEO of Nikola Corporation $NKLA, Stephen J. Girsky.

Girsky reported the acquisition of 1 million NKLA shares for approximately $0.54 per share, paying a total amount of $540,000.

From the Desk of Ian Culley @IanCulley

Silver futures are rising to the occasion.

The silver-to-gold ratio went from posting fresh six-month highs last Monday to hitting 16-month highs by Friday’s close.

Silver is ripping on absolute and relative terms, and this can mean only one thing: 

Risk-on!

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

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 now, 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 new highs in order to...

From the Desk of Ian Culley @IanCulley

Silver futures are rising to the occasion.

The silver-to-gold ratio went from posting fresh six-month highs last Monday to hitting sixteen-month highs by Friday’s close.

Silver is ripping on absolute and relative terms, and this can mean only one thing: 

Risk-on!

Check out Silver driving home an explosive resolution following a successful pullback:

The pullback is another name for a retest – a common feature following a significant breakout. (Some use the term “throwback” to distinguish the action following an upside resolution from a “pullback” that displaces a downside resolution. But they’re all pullbacks to me.)

Interestingly, top-flight international soccer uses the same term for a particular goal-scoring tactic—a player takes the ball to the touchline and then passes to a teammate at the top of the box, who waits to direct the ball into the back of the net. 

Premier League Champions Manchester City and Runners-up Arsenal successfully applied the pullback in a match last week. (One can only hope Liverpool’s incoming manager, Arne Slot, is taking...

Specifically, the Bank of...

My analysts are bullish on Bank of America $BAC and for good reason:

Bank of America is on the verge of breaking out of a bearish-to-bullish reversal pattern.

As you can see in the lower pane, BAC recently resolved higher from a similar basing formation versus the broader market.

We like it long only if it is above 38.50 with a 2-4 months target of 50.

Options premiums are cheap, so lets keep it simple.

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

1. New JULY position in XME.
2. No adjustments are 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 most significant insider buy on today's list comes via a Form 4 filing by Transocean Ltd $RIG director Frederik Wilhelm Mohn.

Mohn reported a purchase of RIG shares with a total value of $12,020,000.

I just got back from a weekend in Nashville with my wife.

We had such a great time.

I had never been to Nashville before. It was just one of those places I hadn't gotten to yet.

But I picked up on the vibes right away, even at the airport before the flight and during the flight itself, which was Thursday night at 10PM.

Everyone was on the same page - "We're here to party and have a good time".

You want to talk about broadening participation in this bull market?

Here you go.

This week we saw more countries around the world hitting new 52-week highs than we've seen in years.

This isn't just a Tech thing. This isn't even just a U.S. thing.

This is a stocks thing, as stocks all over the world continue to march higher.

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the Desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Uber and Crowdstrike.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by...