From the Desk of Ian Culley @IanCulley

Precious metal charts aren’t painting a bullish picture for investors.

Silver is underperforming gold. The Gold Miners ETF $GDX is posting new all-time lows versus the broader market. And everywhere you look, individual gold mining stocks are breaking down.

Well, not all mining stocks. One chart continues to fly high…

Check out Buenaventura S.A.A. $BVN:

BVN has gained over 70% since bouncing off last month’s lows, slicing through our initial and secondary targets. 

Now, it’s coiling in a potential bullish flag just above our risk level. 

The pennant or flag is a continuation pattern by nature, often resolving in the direction of the underlying trend.

My bias points higher toward 20, given the preceding rally. But I can’t hold BVN if it slips below 14.25. That’s our line in the sand.

If this potential bull flag fails, I imagine precious metals are a “no-touch” across the board.

The Harmony Gold Mining $HMY and Eldorado Gold $EGO breakouts likely fail in that environment. And the corrections in the bellwethers – Franco Nevada $FNV...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a series of Form 4 filings by Elias Sabo, director and CEO of Compass Group Diversified Holdings LLC $CODI.

Sabo reported an aggregate CODI purchase worth roughly $2 million.

The S&P500, Dow Jones Industrial Average and Nasdaq100 all went out last week at new all-time highs. Again.

We're now officially in Month #20 of this bull market that began in June of 2022.

We've seen some corrections along the way, and my bet is that we see more of them this year.

One could argue that stocks have already been correcting over the past 6 weeks.

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday February 5th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday evening:

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.

From the desk of Steve Strazza @Sstrazza

Last week, we held our January 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!

From the Desk of Ian Culley @IanCulley

Stocks aren’t the only assets catching a bid.

Commodities are, too. 

Despite their current rallies, the average investor isn’t concerned with cocoa, cotton, and lean hog futures. 

I get it… What do lean hog futures have to do with Tesla $TSLA?

But Dr. Copper – with its Ph.D. in economics – is ripping higher this week. 

And crude oil is trading above our risk level outlined last month.

Check out crude oil futures slicing through the 75 level:

Kudos to those who took the signal, as it’s over a third of the way to our target of 83. 

Crude is up 0.75% today alone, heading into the close with an intra-day high of 78.21. I like seeing strength heading into Friday’s close, as it often spills into the following week.

I imagine crude will hit our target within the next few weeks.

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by their proximity to new 52-week highs.

This leaves us...

From the Desk of Ian Culley @IanCulley

High-yield bonds are printing fresh highs relative to US Treasuries – signs of a healthy risk appetite. 

Bond market volatility is collapsing, allowing equities to take center stage. 

And interest rates are trending lower since peaking last October.

But looking ahead to next month, we could see rates correct higher.

The US 10-year yield tends to rise in February – more so than any other month of the year except April:

It would make sense for this seasonal trend to continue.

The 10-year yield dropped more than 100 basis points during Q4 last year. 

The Fed’s hiking cycle has desensitized many to the large swings in treasury yields. Nevertheless, that’s a significant move for the US benchmark.

A retracement in the coming weeks compliments a more prolonged decline over the coming months and quarters as...

Today's trade is in a $79B company that provides software, hardware, services, and reusable integrated circuit design blocks.

Here is a chart of Cadence Design Systems $CDNS:

In today's Daily Digest, we'll review:

1. New position in ARKK.
2. There are no adjustments today.
3. No exits since the last report. But a few are close!
4. Current status of open campaigns.

Let's dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a series of Form 4 filings by Warren Buffett and Berkshire Hathaway.

Buffett and Berkshire reported additional purchases in The Liberty SiriusXM Group $LSXMA for a total amount of $44,659,853.