From the Desk of Ian Culley @IanCulley

G7 central banks are cutting rates – first Canada and now the European Union.

Will the Federal Reserve follow suit in the coming months?

Investors seem to think so…

US 30-year T-bond futures have posted positive returns six days in a row – their longest winning streak since April last year.

T-bonds also broke above a key polarity zone, triggering our buy signals from last month:

I’ve made clear my disdain for buying treasuries, so the long bond trade will likely be a winner. After all, the best trades are often the hardest to take.

From the Desk of Ian Culley @IanCulley

Copper Springs into Action… Buyers Dig Copper… Copper, F%$# Yeah!

Those are a few titles I spitballed last night. But the markets wouldn’t have it.

This morning, the overall theme of the metals space turned on its head, trashing my bullish bias.

To be clear, I still have a favorable outlook for base and precious metals over longer time frames…

Yet we’re all forced to navigate the near-term selling pressure. 

It's been a minute since I've bought anything on eBay. But, by the look of the chart, I must be the outlier as it appears there is still good business there and market participants appear to agree.

Here's what my Analysts had to say about $EBAY in a recent 2 to 100 Club report:

eBay is completing a rounding bottom reversal as it reclaims the 38.2% retracement level. This level has acted as resistance multiple times in the past, making it a great place to define our risk. If this breakout sticks, the primary trend is higher, and we want to be long against the 53 level.

On a relative basis, the stock is working its way higher out of a bearish-to-bullish reversal pattern versus its peers. If the reversal pattern is completed on absolute terms, we expect the stock to outperform its peers over longer timeframes.

We want to buy EBAY above 53, with a target of 64 over the coming 2-4 months.

Here's a visual of that chart:

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

1. No new positions today.
2. Adjustment to XME position.
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 most significant insider buy on today's list comes via a Form 4 filing by the Iranian business magnate and investor Hassan Khosrowshahi.

Khosrowshahi reported a purchase of $2.8 million in Reservoir Media Inc $RSVR.

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

1. New position in XLI.
2. No adjustments are needed today.
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 most significant insider buy on today's list comes via a Form 4 filing by VA Partners LLC.

The investment firm bought 428,000 shares of Salesforce Inc $CRM, equivalent to $99.7 million.

Years ago my friend Howard Lindzon calls me and says, "JC we need to find the next $100 Billion company".

And of course I respond with, "Hell yea we do!"

"But wait. How do we do that?"

He laughed and told me to get with my team of analysts and figure it out.

So we did.

We reversed engineered what it would take for a company to be able to scale to $100 Billion in market capitalization.

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As most of you know, we use various bottom-up tools and scans to complement our top-down approach.

It's really been working for us!

One way we're doing this is by identifying 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.