"First they scare 'em out, then they wear 'em out."

That's a famous old Wall Street saying. And I agree with it 100%.

In Bitcoin, the "scare" post-100K might not have been that scary (or maybe it's yet to come?), but it definitely feels like we're in the "wear 'em out" phase right now.

And my gut tells me the next move higher will catch the chasers by surprise. That's what I want to position for.

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

1. New position in XLE.
2. No adjustments are needed today.
3. Exited IGV at profit target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...

Our China trades are working great so far.

And I still think this is just the beginning of a major new trend. 

All those Breakout Multiplier trades that I told you we put on just 10 days ago have all at least doubled so far. 

Yes. That's over 100% return on each of the China trades they told us we were crazy for putting on.

But it gets better. Wait until I tell you about our new FANGhai Composite Index.

Yes you read right. The FANGhai Composite.

Let me set the stage for you, to help you understand the...

Listen, everyone struggles.

Your struggles are most certainly different than mine. It follows that they are different from your neighbors, work colleagues, friends, and even family members.

They may be better or worse. It doesn't matter. What does matter is that you have struggles, they are yours, and to varying degrees, these struggles affect your mental health and put you at risk of entering a self-fulfilling spiral that you can't escape from until you've lost everything.

I believe traders and finance professionals don't talk enough about their struggles. I know I personally do not.

There is a pervasive, institutionalized, and incentivized culture in our industry to project calm and confidence at all cost.

Everything is great! We're making a ton of money! Nobody is better than us! Let us manage your money for you!

I'm calling bullshit on that because the costs are greater than we can imagine.

The sooner we talk about it, the better we can tackle problems with effective solutions, and the likelier we are to achieve desirable results.

If any of this resonates with you, I encourage you to...

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

1. New position in GLD.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

We're back this morning LIVE on Stock Market TV with The Best Morning Show in Finance. 

Today's guest is legend Todd Sohn, who is always a fan favorite. If you don't know Todd, he is the ETF & Technical Strategist at Strategas Securities.

You never want to miss one of his appearances. Our chat goes nuts every time he's on.

...

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. 

Below is the 9th ASC Mastermind  Course. In this video, I discuss my process for finding the best small-caps. 

If you don't pay attention to small-caps, you should start. 

At All Star Charts, we look at small-caps for two reasons: they give us valuable information about the market, and they give us many trade ideas. 

Small-caps might have a reputation for underperforming large-caps at the index level (at least, for most of the last 15 years), but at the individual stock level, this is where the biggest winners are often found. After all, every large-cap stock was once a small-cap. 

The challenge in trading small-caps however, is that there's so many of them. So we've come up with a number of scans specifically designed to help us identify the small-caps in the best position to pop. Here's how we do it. 

Enjoy.

Several months ago, we discussed the blowout momentum readings for the junior gold and silver miners.

These momentum thrusts often initiate the beginning of significant trend reversals, not the end.

Since then, the price action has been lackluster. However, our technical analysis suggests that the bulls are on the cusp of stepping in and resuming the primary uptrend.

Let's delve into the charts and how we plan to profit from them.

Silver Miners $SIL are printing fresh 52-week highs relative to silver futures: