Good morning,

Welcome to your daily crypto clarity

WHAT’S HAPPENING

Crypto assets continue their uptrend, lead by Bitcoin which has made a fresh 52-week high. Ethereum has lagged on this most recent rally as Bitcoin heads closer to its former all time highs.

KEY STORIES

New bitcoin spot ETF trading volume sets daily record, besting launch day - The Block

Bitcoin Funding Rates Jump to 100%, Sparking Opportunity for Savvy Traders -...

From the Desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By adding our technical analysis to the mix,...

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

The market is punishing investors for owning gold mining stocks.

Sure, a handful of gold miners are holding above key levels.

Buenaventura S.A.A. $BVN, Orla Mining $ORLA, and Harmony Gold $HMY belong to this elite group of outperformers.

But that’s about it.

I’m not giving these trades too much room. And I’m not piling into new long positions. Not yet! 

Here’s why…

Like the Energizer Bunny, the bull market just keeps going...

Who am I to fight the trend?

Today's trade is a stock that has been consistently traveling the path of least resistance higher and we're betting on that trend continuing.

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

1. No new positions today.
2. Rolled ITB position into April for a credit.
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 via a handful of filings by Michael K. Hooks, executive chair of Malibu Boats Inc $MBUU.

Hooks reported a purchase of $535,250 on his one stock.

From the Desk of Ian Culley @IanCulley

The market is punishing investors for owning gold mining stocks.

Sure, a handful of gold miners are holding above key levels.

Buenaventura S.A.A. $BVN, Orla Mining $ORLA, and Harmony Gold $HMY belong to this elite group of outperformers.

But that’s about it.

I’m not giving these trades too much room. And I’m not piling into new long positions. Not yet! 

Here’s why…

Gold mining stocks continue to print fresh lows versus the broader market.

Check out the VanEck Gold Miners ETF $GDX relative to the S&P 500 ETF $SPY:

Since its inception in 2006, GDX has never traded at this much of a discount to the S&P 500. This is the exact opposite of what we would see if gold and other precious metals were in an uptrend.

The strongest trending assets outperform their alternatives. 

On the other hand, precious metals are exhibiting relative weakness – a clear sign of a severe downtrend.

Investors are more interested in buying NVIDIA Corp. $NVDA and Super Micro Computer $SMCI.

No one wants to own shares of companies that dig in the...

Small-caps have had a really hard time this year.

Almost every Small-cap sector is down since the highs in late December. That was 2 months ago.

The day the US Dollar Index bottomed was the exact day that Small-caps stopped going up in price.

That was also the same day that the US 10yr Yield bottomed.

I don't believe that was a coincidence.

You're welcome to.

What I see is a group of stocks struggling to make any progress. It's hard to underperform the Small-cap indexes, but somehow Financials found a way.

Here are Small-cap Financials, which are loaded up with regional bank stocks, rolling over and making new 4-month lows relative to the Small-cap 600 Index.

Good morning,

Welcome to your daily crypto clarity

WHAT’S HAPPENING

Bulls are in control of the tape, both in legacy markets and in crypto. It seems the market has brushed off a number of potentially bearish data points in the context of a seasonally weak period, and have continued to stair step higher.

KEY STORIES

Mantle token hits all-time high amid increased interest in Layer 2s - The Block

MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen - ...

Crypto markets continue to work their way higher, with Ethereum closing last week up +8% following a notable rally in weekend hours. The trend for crypto assets remains unequivocally higher, as we’ve alluded to in the past. As Nvidia beat earnings estimates, the equity market indexes have continued to rally higher, ignoring a number of bearish data points in the context of a seasonally weak period. It appears as if the bulls have full control of this tape.

A lot of people are making a ton of money right now in Crypto Markets.

Bitcoin hit new 52-week highs this week.

Ethereum made a new 52-week high TODAY.

And my CryptoPunk is up over 170% in just 4 months.

To be clear, this internet picture I own is up over $100,000 in just a few months.