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...
Steve Strazza and I hosted another Flow Show today on Stock Market TV and discussed opportunities in the Biotech space.
Starting at an index level, we see that biotechs are clearing a base and appear set on breaking out:
From there, we started diving into some individual biotech names to play the breakout, but many of the charts offered unique challenges that made it tricky to pick one to take the most advantage or the sector breakout.
So when that happens, sometimes the best move is simply to buy the index!
And that's what we're going to do here, using the sector ETF $XBI as a vehicle for expressing our bet.
But I also carried an unnerving suspicion buyers would strike as soon as I dropped my guard…
Gold futures sliced through our breakout level last week, closing at record highs:
Unbelievable… Or, better yet, undeniable.
Gold not only hit a new all-time high, it broke out with authority as it gained more than 4% last week.
The path of least resistance points higher toward 2,500 (our initial objective). But the price of gold could go much higher.
Gold is embarking on a new secular bull run:
As it rips to new heights, it will take the entire metal and mining space along for the ride.
But we’re in the early innings of an uptrend that could last for years to come.
Instead of catching falling knives or taking cute catch-up trades, it’s best to simplify our strategy and buy the strongest names.
Gold mining stocks have suffered for years, and a handful of names were absolutely clobbered last month. A few gold miners are even offering up the mother-of-all mean...
As Bitcoin approaches its previous all-time highs and our primary long-term target, we remain vigilant regarding several developments that may prompt a shift towards a more tactically bearish outlook. Amidst these considerations, it is imperative to prioritize money flow over subjective opinions, allowing it to guide our execution.
Gold is up for the sixth day in a row – and it looks like this week’s breakout might be the real deal.
If it is — and gold continues to rip — it’s only a matter of time before copper breaks out too.
Check out the overlay chart of gold and copper futures:
Where gold goes, copper follows. Or perhaps they simply enjoy similar paths.
The rhyme or reason makes no difference. During a commodity bull run, precious and industrial metals will enter a broad markup phase. Gold will not take off on a rip-roaring rally without copper by its side.
I placed a question mark above copper’s former resistance level, marked by the 2011 and 2022 highs. To be clear, the annotation poses the question of when — not if – copper will resolve higher.
But before Dr. Copper can break the psychological...