From the Desk of Ian Culley @IanCulley

First, gold failed to hold its breakout to new all-time highs.

Then, the silver-to-gold ratio undercut a critical shelf of former lows.

Now, the Gold Miners ETF $GDX is printing a new all-time low versus the broader market!

Is there any sane reason to bet on the miners right now?

Let’s take a look…

Programming Note: We will not be hosting our Daily Morning Show this Monday, Tuesday or Wednesday. Our entire team will be together in New York City for our 2-day Portfolio Accelerator.

If you would like to learn more about joining us LIVE for our Weekly Team Meetings, Monthly Townhalls and our next Private event this May, we encourage you to apply here.

I've been waiting for this week for a long time.

For those of you who've been following along, you know we get together as a team once a week formally to discuss markets, new trade ideas, any...

You notice how the world's worst investors keep pointing to small-cap underperformance as a justification for missing this entire bull market?

Even with the S&P500, Nasdaq100 and Dow Jones Industrial Avg all hitting new all-time highs this week, they'll tell you it doesn't count because the Russell2000 can't keep up.

These groups of individuals fall into 2 camps: They are either really really bad at this counting thing. OR, and more commonly seen, is that they're just lying to you.

This note is for the latter group.

The way I see it, if you're going to be a good liar, there are some simple rules to follow.

From the Desk of Ian Culley @IanCulley

Houthi rebels are rampaging in the Red Sea.

The result: Many carriers are taking the scenic route around the Cape of Good Hope in South Africa instead of the Suez Canal. 

The longer route brings weeks-long delays and increased costs as the price to ship a 40-foot-long container has nearly doubled since late November.

It won’t be long before those additional charges trickle down to us, the consumer.

What are you going to do?

Buy marine shipping stocks!

Check out our custom equal-weight marine shipping index posting fresh eight-year highs:

I like buying base breakouts, especially when they reclaim critical shelves of former lows (notice the polarity zone marked by the ‘12 and ‘14 troughs and early ‘23 peak).

These often overlooked stocks (seriously, when's the last time you bought a shipping stock?) are also on the verge of breaking out versus the...

The housing sector continues to perform well, and it makes sense that companies in the mortgage business should come along for the ride.

One of those names had a big push into the end of the year, and then had a monster pull back to start 2024. We think this reversal may be a bit overdone and the stock is now at a level where we can take an advantageous position with minimal downside from here.

From the desk of Steve Strazza @Sstrazza

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:

...

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

1. No new position today.
2. Adjustment today in SMH.
3. No exits today.
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 a handful of filings by the CEO and chairman of OPKO Health $OPK, Phillip Frost.

Frost reported an additional purchase of 400,000 OPK shares, equivalent to $386,200.

Last night was one of the most important LIVE Conference Calls that we've had in a long time.

The beginning of the year shenanigans are behind us, the market has settled into 2024, and this all allows us to focus on the most important trends.

From the Desk of Ian Culley @IanCulley

Houthi rebels are rampaging in the Red Sea.

The result: Many carriers are taking the scenic route around the Cape of Good Hope in South Africa instead of the Suez Canal. 

The longer route brings weeks-long delays and increased costs as the price to ship a 40-foot-long container has nearly doubled since late November.

It won’t be long before those additional charges trickle down to us, the consumer.

What are you going to do?

Buy marine shipping stocks!

Check out our custom equal-weight marine shipping index posting fresh eight-year highs:

I like buying base breakouts, especially when they reclaim critical shelves of former lows (notice the polarity zone marked by the ‘12 and ‘14 troughs and early ‘23 peak).

These often overlooked stocks (seriously, when’s the last time you bought a shipping stock?) are also on the verge of breaking out versus the broader market:

It always bears repeating: The strongest trends outperform their alternatives.

Many of the names in our index will post new highs upon completing this bullish reversal...

This is the video recording of the January 2024 Mid-month Conference Call.

“The Iron Condor is a risky trade!”

This comment was shared today during my appearance on the Morning Show with JC and Strazza.

We were discussing this trade in $TSLA we put on yesterday.

Sure, this trade might have some risk in it. 

Newsflash: ALL trades have risk. If there was no risk, there would be no potential reward!

An Iron Condor is a four-legged options spread consisting of equal amounts of short out–of-the-money puts and calls, and long further out-of-the-money puts and calls that protect the position and define the risk.

Here’s the PnL Graph for the $TSLA trade and this is a pretty common structure for an Iron Condor trade: