From the Desk of Ian Culley @IanCulley

Gold is up for the sixth day in a row – and it looks like this week’s breakout might be the real deal.

If it is — and gold continues to rip — it’s only a matter of time before copper breaks out too.

Check out the overlay chart of gold and copper futures:

Where gold goes, copper follows. Or perhaps they simply enjoy similar paths.

The rhyme or reason makes no difference. During a commodity bull run, precious and industrial metals will enter a broad markup phase. Gold will not take off on a rip-roaring rally without copper by its side.

I placed a question mark above copper’s former resistance level, marked by the 2011 and 2022 highs. To be clear, the annotation poses the question of when — not if – copper will resolve higher.

But before Dr. Copper can break the psychological...

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...

From the Desk of Ian Culley @IanCulley

A risk-on revival has captivated the markets.

Investors are rising to their feet…

They’re buying stocks. They’re buying crypto. They’re buying gold.

Hell, they’re even buying high-yield Emerging Market bonds!

Check out the Emerging Market High Yield Bond ETF $EMHY breaking to a new multi-year high:

I throw this EMHY breakout into the same camp as the Biotech ETF $XBI blast off — risk-on.

It’s downright impossible to hold a bearish outlook while investors dance with the riskiest bonds on offer.

If you actively trade bond ETFs, you gotta be long EMHY above 37. For me, the EMHY breakout isn’t a trading event. 

Instead, it’s all about the behavior behind...

Today's trade is a bet on the speculative juices continuing to flow through the summer. This stock has been performing fantastically since the November stock market explosion, but if we're a believer that this stock is simply tracing out the right side of a larger base, then we've still got plenty of upside to go.

Here's a chart of DoorDash $DASH:

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

1. No new positions today.
2. Another Adjustment to SMH position.
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 the executive vice president and CFO of Caesars Entertainment Inc $CZR, Michael E. Pegram.

Pegram reported a purchase of CZR shares in the amount of $621,750.

Are you ready for this?

We've seen it before.

Look at this huge base that Bitcoin has put together over the past few years.

The way I learned it many years ago was, "The Bigger The Base, The Higher In Space".

This saying goes back to before the 1950s, according to the late great Alan Shaw.

What this price behavior displays is a long period of accumulation by large institutions.

This process of demand absorbing supply takes time.

The longer it takes, the more explosive the eventual resolution becomes.

Here's what Bitcoin looks like right now:

From the Desk of Ian Culley @IanCulley

Gold is up for the sixth day in a row – and it looks like this week’s breakout might be the real deal.

If it is — and gold continues to rip — it’s only a matter of time before copper breaks out too.

Check out the overlay chart of gold and copper futures:

Where gold goes, copper follows. Or perhaps they simply enjoy similar paths.

The rhyme or reason makes no difference. During a commodity bull run, precious and industrial metals will enter a broad markup phase. Gold will not take off on a rip-roaring rally without copper by its side.

I placed a question mark above copper’s former resistance level, marked by the 2011 and 2022 highs. To be clear, the annotation poses the question of when — not if – copper will resolve higher.

But before Dr. Copper can break the psychological barrier of five dollars, it must cut loose above four.

It’s getting close…

Copper futures are carving out a multi-month base as buyers chip away at overhead supply.

An eight-week inverted head-and-shoulders pattern is forming just below the breakout level. I expect this pattern to...

From the Desk of Steve Strazza @Sstrazza

We held our March Monthly Strategy Session Monday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

The bottom line is it is a bull market. We want as many vehicles and options...

The easy trade to make in this space is to simply buy Bitcoin on a breakout to new all-time highs. But should you want to get more creative with a higher risk/higher reward trade, we have you covered.