During our Analyst meeting this morning, the idea I brought to the table was a long bet in Cloudflare $NET.

I like that it's just starting to break above a level of resistance that has been in place for the better part of two years.

My initial thought was to make a short-term tactical bet on a run to $100, but then I noticed that in the June options expiration series, the highest strike available is $110. Clearly the CBOE doesn't read All Star Charts research and our belief that this stock could touch $130 per share over the next 3-6 months!

Check out this chart of $NET and you'll see a move to $130 doesn't seem that outlandish at all:

From the Desk of Ian Culley @IanCulley

Fiat money worldwide is sidelining the dollar.

Emerging market currencies were the first to strike. Now, their developed market counterparts have joined the fray.

The result: Global equities and precious metals are catching a bid.

After a challenging second half, perhaps the year's final weeks will be a layup for stock and forex traders.

And with the Australian and New Zealand dollars completing tactical reversals against the USD, the Canadian dollar could be next…

Check out Canadian dollar futures bouncing off support:

Buyers continue to defend the 0.72 level as ...

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

1. No new position was added today.
2. Defensive adjustment in GDX.
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 in Form 4 filings by the executive chairman and CEO of Spectrum Brands Holdings Inc $SPB, David Maura.

Maura reported a purchase of SPB shares worth $2.6 million.

“If people weren’t wrong so often, we wouldn’t be so rich” - Charles Thomas Munger

R.I.P. Legend.

Charlie, of course known for his fundamental analysis alongside Warren Buffett all these years, was a closet Technician at heart.

His analysis of human behavior was top notch, particularly misbehavior and stupid behavior.

His comment to Warren about the reason they were so rich was because people are so often wrong, was spot on.

If you've been paying attention, we use this to our advantage quite a bit.

For example, twelve months ago Wall Street strategists forecasted an outright fall for stocks in 2023, the first time this century that they had predicted a loss...

From the desk of Steve Strazza @Sstrazza

Last Week, we held our November 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:

1. No new position was added today.
2. Defensive adjustment in XLB.
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 in Form 4 filings by Gregory T. Lucier, director of DENTSPLY SIRONA Inc $XRAY.

Lucier reported the acquisition of 10,000 shares, equivalent to  $314,400.

It's amazing when you think about it.

The stock market is having a historic year. The S&P500 is up over 20% so far, with one of the best months of the year still ahead.

The Dow Jones Industrial Average is just 2% from new all-time highs.

And the Nasdaq100 got off to its best start to a year in history, and has already returned over 46% for 2023.

What's odd is that with all this good news, investors are still sad.

It's hard to quantify sentiment data, but I think we do as good of a job as anyone else out there.

When you aggregate all the data and include a variety of different polls and indicators, somehow investors are still extremely pessimistic:

From the Desk of Ian Culley @IanCulley

Mining stocks are breaking out.

All four names we outlined in last week's Gold Rush Video have triggered buy signals.

The tide appears to swing in favor of the gold bugs.

And, based on Monday’s bullish price action, perhaps it’s just the beginning.

Check out the next gold miner most likely to break loose…

From the desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended November 24, 2023. 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...

Ok, I took some liberties with today's title. I can already hear JC groaning. Blog post titles are not my strength. I accept this.

A book I recently read (Number Go Up), and today's trade in $LIN inspired my thinking about lines going up.

Moving on, let's get into what we like about this stock and how we're playing it with options.