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 November 22, 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.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there...

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

1. No new positions today.
2. Adjustment to XLI position. 
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

The price of $FXI is going in the wrong direction. And as we know, only price pays. Price is truth.

Due to two previous "covered call" premium sales against our long January 2026 35-strike calls and more than one year until our long calls expire, I'm going to get creative with our position to keep the dream alive. I think we can afford to be patient.

I'm confident in doing so because ending the campaign here would only result in a small loss. So there's no panic.

Here's a visual of where we are now:

The purple circle is where I purchased both my long January 2026 calls and sold Dec 35 calls against it. The green circle shows where I rolled my Dec 35 calls to Feb 35 calls for a credit. At the moment, my net cost (max risk) for these Jan 2026 $35 calls is $2.05. This is derived by subtracting the credits for the two short call sales from the cost of the long calls.

I've still got a lot of time until January 2026, and while the chart of FXI is currently disagreeing with me, I can make time my friend. Time heals all wounds, right? We'll see.

Here's the Play:

I like rolling the...

If you're not making a lot of money in this Bull Market then you're doing it wrong.

When it's money making time, the idea is to make as much money as possible to be able to withstand those periods where it's "money keeping" time. 

Tuesday @ 4PM ET I will be hosting a LIVE event with Steve Strazza to walk through the Breakout Multiplier Strategy that everyone is talking about. I've never seen something work this well, this consistently in my entire career. 

You're not going to want to miss this....

Fed rate cut probabilities are shrinking fast. Just a few months ago, the market was pricing in over 100bps between the 2 year and the Fed funds rate. 

Editor’s Note: Click here to download the Hot Corner Insider Baker Bros FREE Special Report.

Small-caps are hitting new all-time highs, joining all those Large-cap and Mid-cap Indexes that have already being doing that for most of the year.

Here is the S&P600 Small-cap Index, officially completing this multi-year base and now beginning its new leg higher:

And so when I think "Small-caps", I think about a ton of Regional Bank stocks and even more Biotechnology stocks.

Together they make up a quarter of the entire Small-cap universe. 

...

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.

Last week, we identified a bullish momentum divergence in the commodities versus stocks ratio at a shelf of former lows.

The evidence suggests we're on the verge of a new era of commodity outperformance.

If we're right, it's time to prepare a list of our favorite setups to seize this opportunity.

We've already covered promising setups in uranium and solar.

Now, let's focus on oil and gas, and here's why:

First, crude oil, heating oil, and gasoline have been consolidating above a shelf of former highs for more than two years, and the risk is skewed in favor of the bulls.

Until the bears can resolve these consolidations to the downside, we want to continue betting these levels hold as support.

...

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!

JC did his mid-monthly conference call this week and offered many ideas, as usual.

But he mentioned one name that stood out to me for three reasons:

1. I'd never heard of it before. 
2. It's in a sector that should do well in a Bull Market. And,
3. It looks like the chart wants to resolve a gap-n-go pattern to higher prices.

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important stocks from around the world.

Here's this week's list: