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.

Going to skip the preamble as I'm currently at Portfolio Accelerator.

We've got an extremely timely idea that we just all discussed at a round table.

From the Desk of Steve Strazza @Sstrazza

Last week, we held our April Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.

Let’s get right into it!

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

1. No new positions today.
2. Rolled QQQ position into July options.
3. Exited XLB, XBI, and XLI at profit targets.
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 Clay B. Siegall, president and CEO of Immunome Inc $IMNM.

Siegall reported a purchase of $1.3 million worth of IMNM shares.

From the Desk of Ian Culley @IanCulley

Risk assets are enjoying record-breaking highs.

Dr. Copper, Papa Dow, and international equity indexes such as the FTSE 100 are making the new all-time highs list. And Bitcoin will likely join them as it climbs back above 70,000.

Yet the defiant dollar remains afloat.

Nevertheless, risk-seeking behavior, Emerging Market currencies, and interest rates imply the dollar will eventually sink.

Earlier this month, the US Treasury benchmark interest rate led the US Dollar Index $DXY in violating a year-to-date trendline. 

Here’s the US 10-year yield $TNX overlaid with DXY:

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

1. No new positions today.
2. Rolled GLD position into July options.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

Just a quick Programing Note:

I'm with the whole All Star Charts team in Sonoma, CA for a few days working together to figure out how to extract as much money from this market as possible.

We will not be doing a Morning Show this week, but we'll be back to our regularly scheduled programs next Tuesday after Memorial Day.

Sonoma has become a special place to me after living here with my now wife for 5 years. This was after over a decade in New York City.

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 CEO of Nikola Corporation $NKLA, Stephen J. Girsky.

Girsky reported the acquisition of 1 million NKLA shares for approximately $0.54 per share, paying a total amount of $540,000.

From the Desk of Ian Culley @IanCulley

Silver futures are rising to the occasion.

The silver-to-gold ratio went from posting fresh six-month highs last Monday to hitting 16-month highs by Friday’s close.

Silver is ripping on absolute and relative terms, and this can mean only one thing: 

Risk-on!

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

From the Desk of Ian Culley @IanCulley

Silver futures are rising to the occasion.

The silver-to-gold ratio went from posting fresh six-month highs last Monday to hitting sixteen-month highs by Friday’s close.

Silver is ripping on absolute and relative terms, and this can mean only one thing: 

Risk-on!

Check out Silver driving home an explosive resolution following a successful pullback: