So we're going to fix that.

And here's why:

It’s the perfect environment to buy mining stocks following gold’s breakout.

The plan is simple: Buy the strongest names on absolute and relative terms – if and when they trade above our risk levels.

That is from my Commodities Analyst Ian Cully in a recent post about the Gold sector.

Today's trade is in a mining name that is above the risk levels, signaling its time to get involved.

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

1. New position in XLK -- Technology
2. No adjustments are needed today.
3. Profitable exit in IWM.
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 via Form 4 filings by Stellantis N.V,, which revealed new purchases in Archer Aviation Inc $ACHR worth a total of $8,270,950.

The CEOs of The GEO Group $GEO, Biglari Holdings Inc $BH, and OPKO Health Inc $OPK all filed Form 4s revealing purchases of their own stock.

In today's edition of "This is NOT 2023", here is the U.S. Large-cap Consumer Discretionary Sector breaking down to new 52-week lows relative to the rest of the market.

You can see yesterday's edition here: Energy Stocks Lead US Markets

This isn't 2023. It's a completely different market.

Take a look at this chart below.

New 52-week lows.

From the Desk of Ian Culley @IanCulley

Metals are working.

Gold is printing new all-time highs. Copper is trading above four bucks. And Palladium…

Well, Palladium has stopped going down.

Considering Palladium’s Commitment of Traders (COT) profile, its tendency to trend with technology stocks, and where it stopped falling…

It’s time to buy!

Check out the long-term Palladium chart stretching back to the late 70s:

I received a great, and well-meaning question from a new All Star Options subscriber about a recent trade we entered in $VLO that offers a great lesson or reminder to those who need it.

Question:

What are your thoughts on when the value of your options hits a 50% gain in one day? The September 175 calls for VLO I purchased hit +48% yesterday. Do you trim/roll/close with such a quick gain? I understand this is more of a personal preference as it relates to what you want to make on a trade, but if you hold those 48% increases, they could eventually increase to +150%!

He kinda answers his own question in the end, but here is my response:

From the Desk of Alfonso Depablos @Alfcharts

One of the major themes we’re monitoring closely right now is the Growth vs Value relationship.

While Growth has dominated for the past couple of quarters, the technical setup suggests it may be time for value to take the lead.

The chart below shows the ratio testing a critical area of former resistance from above.

This morning, I ran our emerging cryptocurrency scan, which alerts us to when a cryptocurrency exceeds a certain market-cap threshold for the first time. When a cryptocurrency is climbing the market-cap ladder, we're the first ones to know about it.

I couldn't help but mention the cryptocurrency we got alerted to today.

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

1. New position in XLV -- Health Care
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 largest insider buy on today’s list comes via Form 4 filings by James F. Lynch, director of Globalstar Inc $GSAT.

Lynch reported an additional purchase of GSAT shares with a total value of roughly $1.8 million.

In the latest example of, "This is not 2023", take look at what Energy stocks have been doing.

And I'm not talking about Coal and Uranium.

Specifically, the Oil & Gas Services, Producers & Explorers and the Integrated names are all outperforming.

This did not happen last year.

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.