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

1. New position in XRT.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday July 1st @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday evening:

There's plenty of bearish action taking place in the crypto market. Many coins are breaking down and the technicals are carving out topping patterns.

But in the face of this weakness, I emphasize we're still in a longer-term bull market and selloffs like these have been favorable buying opportunities for traders.

Franklin D. Roosevelt: "Comparison is the thief of joy."

Socrates: "Envy is the ulcer of the soul."

Ovid: "Envy, the meanest of vices, creeps on the ground like a serpent."

Seneca: "The envious die not once, but as oft as the envied win applause."

Aristotle: "Envy is pain at the good fortune of others."

Johann Wolfgang von Goethe: "Hatred is active, and envy passive dislike; there is but one step from envy to hate."

Antoine de Saint-Exupéry: "The one who envies, does not really know what he wants."

Alexander Solzhenitsyn: "Our envy of others devours us most of all."

These quotes reflect various perspectives on the nature and impact of envy, from ancient philosophers to modern thinkers.

In the trading world, I don’t think the evils of envy get discussed enough. And in today’s globally connected social media world, it’s a bigger problem than ever.

I suffer from envy.

There, I said it.

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

1. New position in XME.
2. No adjustments are needed today.
3. Exited XLI at our profit target.
4. Current status of open campaigns.

Let’s dig in!

Just a few months ago in March, it took an investor 34 ounces of Gold in order to purchase 1 Bitcoin.

By last night, that number was all the way down to only 25 ounces of Gold necessary to buy 1 Bitcoin.

Here's what the ratio looks over time. In other words, here's how much "Real Gold" it costs to buy "Digital Gold":

From the Desk of Ian Culley @IanCulley

Precious metals bulls are taking a stand.

It’s easy to overlook following Friday’s selling pressure.

But price is respecting critical support levels for gold, platinum, palladium, and even gold’s crazy cousin.

From the Desk of Ian Culley @IanCulley

Precious metal bulls are taking a stand.

It’s easy to overlook following Friday’s selling pressure. But price is respecting critical support levels for Gold, Platinum, Palladium, and even gold’s crazy cousin.

In today's Flow Show, Steve Strazza highlighted the strength we're seeing in the homebuilders sector. I immediately liked it because I don't have any homebuilding stocks in my portfolio, which needs to be corrected.

Last week, Lennar Corp $LEN released earnings, and the market pretty much yawned. I like that. Because the other name that we liked better -- D.R. Horton $DHI -- hasn't yet released earnings (scheduled for July 18th) and unless they come out with something truly shocking, my bet is the market will be similarly unfazed. This tells me there's an opportunity to take advantage of some overpriced options premiums currently being bid into $DHI options.

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 June 21, 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.

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

1. New position in XLP.
2. No adjustments are needed today.
3. Exited XME for a loss and XLB at profit target.
4. Current status of open campaigns.

Let’s dig in!

The U.S. Industrials sector represents one of the most important groups of stocks in the entire market.

So with new all-time highs in the S&P500 and Russell3000, then why are Industrials, who historically have the highest correlation with these indexes, not able to keep up?

Industrials are actually down over the past 3 months.

But the Aerospace & Defense stocks, that fall within the category of Industrials, continue to hit new all-time highs.