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:

We're coming up on expiration for a play in a Canadian Bank ($CM) that has treated us very well since the summer.

And now a new Canadian Bank is displaying signs of a fresh multi-year breakout. We're going to keep this Canada party rolling with today's new trade.

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

1. No new positions today.
2. Adjustment to ARKK position.
3. Closed GLD at Profit Target.
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. 

It's not just Technical Analysis all the time. It's actually quite the opposite. We have a lot of conversations with really smart people about all kinds of topics.

Today's guest is my pal Steve Reitmeister, who brings 40 years of experience, including being Editor-in-Chief at Zacks.com and CEO of Stocknews.com. 

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 December 6, 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.

Speculative technology stocks have been mooning in recent weeks. Many of these stocks have rallied over 100% in the last month alone. 

Today, we're outlining a technology stock that rallied 700% in half a year after pivoting from blockchain infrastructure to high-performance computing. In other words, they pivoted from crypto to AI.

After consolidating for over a year, the stock put the finishing touches on a textbook basing pattern last week and is beginning a fresh leg higher.

But it's not just the chart that has us excited... the short sellers have gotten way too greedy, and we're going to exploit their weakness.

Let's get into the details:

Quick Update:  

According to the National Retail Federation, 197 million Americans shopped over the 5 days from Thanksgiving weekend through Cyber Monday. There are only 216 million Americans over 15 years old in the country. Even allowing for double-counting, that’s a good turn-out for a fake holiday with unexceptional discounts. 

Who won?

Well according to our Retail and Consumer expert Jeff Macke,

"Abercrombie won the mall. Walmart won Discount. William Sonoma and Dick’s Sporting Goods have won Home and Sports so hard they’re running out of chains to compete with. Amazon is winning the world and barely seems to care about (or profit from) retail at all." 

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.

The S&P500, Nasdaq100 and Global100 Index each made new all-time highs yesterday.

This is among many other stocks, sectors and indexes around the world that are also making new cycle highs. 

We've been buying stocks very aggressively, of course, because historically it pays much better to own stocks during bull markets vs doing the alternative.

We've gone back and done the work. It's just math. 

Those investors with too much cash, or too few stocks in their portfolios, have been paying the consequences.

The pushback I get, and have been getting over the past couple of years, tends to revolve around valuation and how stocks are "too expensive". 

I find that to be a hilarious reason to avoid buying stocks during a bull market.

Common excuses for fighting this powerful trend include, but are not limited to:

The New York Stock Exchange held its annual Tree Lighting Event this week. It was spectacular, as always.

But we're not here to talk about pine trees or LED lights. We're here to talk about commodities.

The NYSE has an array of vehicles to trade, most being equities.

They also have several commodity funds, which happen to offer asymmetric risk versus reward opportunities at current levels. Let's talk about them.

Our first setup is the Invesco DB Agriculture Fund $DBA:

Seven of the ten biggest-ever options volume days have been in 2024, with the other three in 2023, according to this report in Traders Magazine.

It goes on to say: "...numbers that would be considered spikes ten or even five years ago are more like a current-day new normal."

I wouldn't have it any other way.

The growing popularity of options trading makes sense to me. No other product offers so much dynamic flexibility for traders to craft unique ways to express market opinions.

No other product gives us the ability to define our risks absolutely, while positioning ourselves with leverage to participate in theoretically unlimited gains.