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. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We...

From the Desk of Ian Culley @IanCulley

Last week’s fresh all-time highs left many gold bugs empty-hearted. 

The market continues to torment precious metal bulls as they wonder what could have been.

But hopes and dreams aren’t a viable strategy.

The only “what if” that concerns me is whether the yellow metal flashed a failed breakout.

Or are we simply dealing with a a premature move?

Let’s dig in…

My favorite setups are stocks making new all-time highs after emerging from a consolidation.

My second favorite setup is a 52-week breakout.

We're on the cusp of getting one in Autodesk $ADSK.

Check out this chart:

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

1. No new position today.
2. Defensive adjustment in XLV.
3. No exits since the last report.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Ian Culley @IanCulley

Last week’s fresh all-time highs left many gold bugs empty-hearted. 

The market continues to torment precious metal bulls as they wonder what could have been.

But hopes and dreams aren’t a viable strategy.

The only “what if” that concerns me is whether the yellow metal flashed a failed breakout.

Or are we simply dealing with a a premature move?

Let’s dig in…

Check out the weekly chart of gold futures, highlighting the breakout in question:

Bulls sliced through overhead supply, vaulting gold to new heights. But the bearish momentum divergence in the lower pane reveals a lack of fervor for the shiny yellow rock.

Divergences between momentum and price don’t guarantee a major reversal.

Gold can still break out as momentum divergences have a way of righting themselves. That’s why I prefer to focus on momentum regimes. They’re just more reliable.

From a structural perspective, the real nail in the coffin for gold lies just below the right shoulder trough at approximately 1,820. A decisive close below that level completes a failed inverted head-and-...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management LP.

The investment firm reported the acquisition of 588,235 shares of EyePoint Pharmaceuticals Inc $EYPT, equivalent to roughly $10 million.

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

1. No new position today.
2. Defensive adjustment in ITB.
3. Exit in GDX.
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 Doug Field, chief EV, digital and design officer of Ford Motor Company $F.

Field reported a purchase of 182,000 F shares, equivalent to $2 million.

These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.

Our Live Call will be held on Monday December 18th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday night:

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

From the desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended December 8, 2023. 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.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual...

From the Desk of Louis Sykes @haumicharts

Remember Solana Summer?

We have fond memories of those times.

But it all changed about two years ago when the crypto market peaked and collapsed.

Going from 250 to the single digits in a little over a year, everybody thought it was the end of Solana... and everything else.

"It's never going to recover."

"It's all over for crypto."

Now look at us...