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

1. No new trades today.
2. Adjustment in ITB today.
3. Exited XRT at profit target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Bitcoin is moving this week and is already working on a breakout to new all-time highs.

Amazon reports earnings this Thursday, and is also attempting to break out above its prior cycle's peak to go on to new all-time highs.

Apple already broke out above its 2021 top, and has already been making new all-time highs for months. 

Apple's breakout and extension to new highs, in my opinion, is setting the stage for Amazon and Bitcoin to do the same.

Despite bond yields and dollars screaming higher and reaching overbought conditions, stocks and precious metals rallied during what is historically the worst time of the year. 

During a bad seasonal period, junior gold and silver mining stocks had their best week since 2020, and silver printed fresh multi-year highs.

The bulls' ability to maintain control during a historically weak period speaks to the strength and resilience of this market.

Let's talk about the demand we're seeing for precious metals around the world and a few of our favorite trade ideas right now:

I'm continuing my recent theme of portfolio diversification today with another short position, this time in a stock that should be performing well heading into Halloween and holiday season -- but isn't.

In fact, the chart looks like its got a lot of room to fall if their upcoming earnings report disappoints.

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended October 25, 2024. 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.

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

1. New trade today in USO.
2. No adjustments are needed today.
3. Exited XME position.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

This is NOT a political post.

So if you're one of these sensitive types who is just too mentally weak to put your politics aside when making decisions about the market, then you're in the wrong place Karen. 

For those of you who can be adults and actually focus on data and facts, here are some thoughts that might help you put the next couple of weeks in perspective.

At this point, I think it's pretty clear that the market has fully priced in a second trump presidency.

Here's a look at the betting markets showing the red line (trump) moving very aggressively to the upper right of the chart, while the blue line (harris) has been moving to the lower right of the chart.

We're beginning to emerge from the crypto bear market, and I can see a glimmer of light ahead.

The possibility of Bitcoin reaching 100,000 feels real.

I think now is the moment to prepare yourself.

The best 3 month period of the year begins this week.

We know this.

But to me, the bigger question is how stocks did during what is historically the worst time of the year?

Remember how September and October are supposed to be terrible for stocks?

Well they weren't.

In fact, stocks rallied during September and October. All the major U.S. indexes were up.

Now we enter the Best 3 months: November - January. 

Here's what that looks like:

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.

Each year, Americans buy over 600 million pounds of candy and eat over 1 pound each for Halloween.

It's a lot...

But are there opportunities to profit from Americans ritualistically eating way too much candy? You betcha!

Let's talk about it.

After a historic 190% run earlier this year, cocoa futures have formed a textbook consolidation pattern:

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.